- #41 of 65
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08 Silverado Lease Numbers
by omahawright
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Dec 04, 2007 (11:00 am)
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Hi Carman,
What are the current residuals and money factors on 08 Silveado's in the Omaha, NE area (KC region?)? I'm looking at an 08 Ext Cab with an MSRP of $31945 for 3yr/36k miles. Also, if you lease through GMAC, do you still get the incentives (currently $1000 if you buy)? I'm getting ready to talk numbers with a dealership and want an idea if whatever number they shoot me is fair or not. Thanks!!!
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- #42 of 65
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Re: 2008 silverado crew cab [ngunter]
by Car_man HOST
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Dec 20, 2007 (3:53 am)
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Replying to: ngunter (Nov 27, 2007 1:32 pm)
Hi Nick. $1,000 under dealer invoice before the deduction of any cash incentives is a very good deal on a 2008 Chevrolet Silverado. If you haven't finalized this deal yet, you're in luck. Last week GM rolled out $1,000 bonus cash that is compatible with all programs on all 2008 Silverado models. This cash should help you to get an even better price.
Car_man
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- #43 of 65
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Re: 08 Silverado Lease Numbers [omahawright]
by Car_man HOST
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Dec 20, 2007 (3:57 am)
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Replying to: omahawright (Dec 04, 2007 11:00 am)
Hi omahawright. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Silverado 1500 Extended Cab with 12,000 miles per year are 4.75% and 60%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 bonus cash that is currently available on it. Given this cash, the fact that GM has some additional dealer cash out there, and the fact that it's the end of the year, you should be able to negotiate a selling price that's well below dealer invoice right now.
Car_man
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- #44 of 65
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Re: 2007 Silverado lease [Car_man]
by asylum575
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Feb 15, 2008 (8:19 am)
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Replying to: Car_man (Oct 31, 2006 5:04 am)
Local dealer has a 2008 Silverado ext cab, Msrp $28500 on a 39 lease for 279 a month. $1600 due at lease inception and a buy out of $17200. How do you calculate what they are selling the truck for?
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- #45 of 65
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Re: 2007 Silverado lease [asylum575]
by Car_man HOST
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Feb 19, 2008 (2:57 am)
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Replying to: asylum575 (Feb 15, 2008 8:19 am)
Hi asylum575. One could probably back into this truck's approximate selling price, but a better way to find it out is to just ask. The dealer will tell you exactly what it is. If they won't, then don't give them your business. There is some intense competition in the full-size pickup segment right now. If I was in the market for a new Silverado, I personally would shoot for dealer invoice minus the $1,000 bonus cash that GM is providing on it right now.
Car_man
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- #46 of 65
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Re: 2007 Silverado lease [Car_man]
by soliday
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Mar 05, 2008 (8:27 pm)
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Replying to: Car_man (Feb 19, 2008 2:57 am)
Asylum, can you tell me where your friend found that deal please? I am trying to negotiate a similar deal here in San Diego, but I need the particulars so that I can have some leverage. They told me that deal "never existed"
Any info would be greatly appreciated!
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- #47 of 65
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2008 Silverado lease
by umbelwheat
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Apr 21, 2008 (4:45 am)
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Carman,
I'm looking for the MF and residual on a 2008 Chevy Silverado Ext. Cab 4WD W/T Std. bed for 36 and 48 months with 15k miles. I'm also a current GM owner. Thanks for all your help.
Jon
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- #48 of 65
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Re: 2008 Silverado lease [umbelwheat]
by Car_man HOST
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May 07, 2008 (1:56 am)
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Replying to: umbelwheat (Apr 21, 2008 4:45 am)
Here you go, Jon. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Silverado 1500 Extended Cab 4WD with 15,000 miles per year are 4.75% and 57%, respectively. The numbers for an otherwise identical 48 month lease are 4.75% and 48%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
When negotiating your lease on this truck, make sure to take the $1,000 owner loyalty / conquest cash that is currently available on it into account.
Car_man
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- #49 of 65
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Hey Carman....
by cmiz
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May 22, 2008 (5:23 am)
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The new programs came out today for memorial day. Did the lease program on the crew cab get any better? 7.75% is steep for a lease! Residuals look good. I have been shopping for a bit but I cant find a ext cab I like. There are more crew cabs but like I said the program was terrible.
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- #50 of 65
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Re: Hey Carman.... [cmiz]
by fueledup
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May 23, 2008 (1:39 am)
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Replying to: cmiz (May 22, 2008 5:23 am)
don't purchase, don't lease, any full size pick-up right now! With the uncertainty of the oil market anyone would be a fool to consider a vehicle that doesn"t easily obtain 30 mpg in the city. If you say, but yea I need it for work, or to tow, the used market is flooded with sooo many full size pickups and suv's. I see all manufactures soon dumping all new vehicles especially pickups and suv's at 50% off msrp. Even the tahoe hybrid is a purchase mistake at 22 mpg. Forget the Memorial Day sales. Wait for the cant sell ice cubes in the north-pole sale. Oh yea but global warming ! But you get my point. Dealers don't even want used vehicles right now. Carmax will be the first big boy to crash.
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