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Chevrolet Suburban Lease Questions

80 messages,  Last post on Mar 10, 2009 at 2:10 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Chevrolet Suburban, Car Leasing, SUV


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#15 of 80
Re: 2007 suburban lease [jb1hb1997] by Car_man HOST
Jan 09, 2007 (3:03 am)
Reply

Replying to: jb1hb1997 (Dec 21, 2006 6:34 am)

I'd be happy to work up a sample lease payment on this truck for you, jb1hb1997. According to my calculations, if you were to lease a 2007 Chevrolet Suburban that has an MSRP of $46,214 and a selling price of $40,017 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $537. The selling price that you mentioned is very very low. I suspect that it some sort of cash incentive, like the $2,000 customer cash that General Motors is currently providing on the '07 Suburban, was used to arrive at it. Unfortunately, no cash incentives are compatible with GMAC's current lease program for this truck. As a result, the capitalized cost for a lease of one through GM's supplier program would probably be a little higher than this and so would its monthly payment.
 
Car_man
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#16 of 80
2007 LT3 Z71 lease payment by scottk517
Jan 10, 2007 (2:12 pm)
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I am looking to lease a 2007 LT3 Z71 with a selling price of $46,400. I am in NY and want 12k/yr. I will put down whatever is required. I am 2,500 upsidedown on my trade. What would the payment be with the trade-in cost put into the lease and what the payment would be if I put the money down to even out the trade. Also, what would the residual be? Thanks
 
Scott
#17 of 80
07 Sub Z71 pricing - Raleigh, NC by holdenoversoul
Jan 31, 2007 (3:02 am)
Reply
I just bought an 07 Burb Z71 1500 4x4 , loaded w/every option.
MSRP 53,560
Paid 47863 out the door including tax, small doc fee, tags, everything.
Thanks to all the helpful info here I was able to negotiate much stronger.
#18 of 80
Re: 2007 LT3 Z71 lease payment [scottk517] by Car_man HOST
Feb 01, 2007 (3:21 am)
Reply

Replying to: scottk517 (Jan 10, 2007 2:12 pm)

Hi Scott. If you are $2,500 upside down on the vehicle that you plan on trading in when you lease your new Suburban, it wouldn't be a bad idea to pay that money off out of your own pocket so that you can start fresh with your new lease. I would be happy to use GMAC's current lease program to estimate what this truck's monthly payment should be for you right now, but in order for me to do so I need you to provide me with its MSRP and to tell me how long you want to lease it for.
 
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Prices Paid Forum
#19 of 80
GMAC lease program for 07 Suburban by yojedi
Feb 05, 2007 (9:19 am)
Reply
Hi Car_man,
 
I am also considering a 07 3-year lease. Could ou update us on the latest GMAC lease program; money factor, residual, milage allowance ad charge per mile etc.?
 
Thanks,
Jerry
#20 of 80
GMAC Lease on 2007 Suburban by nickalpher
Feb 05, 2007 (11:50 am)
Reply
After talking to several dealers in Fairfield County Conn. this weekend, a 3yr/15k lease is 6.9%APR, and 59% residual on a Suburban LTZ (MSRP $54,700 about $850/month). The current GM rebate of $2000 is not offered with the lease, so the cap cost is $2k higher than a straight buy. Ignoring monthly payments, the cost of ownership of leasing appears prohibitive when compared to straight buy/financing. Does anyone know why GMAC doesn't want to induce customers into leasing? Is there any room to negotiate on the APR of 6.9% whcih seems very high? Do you see any additional rebates or leasing incentives in the next few weeks with President's weekend? They seem to have a lot of Suburbans on the lot.
#21 of 80
Re: 07 Sub Z71 pricing - Raleigh, NC [holdenoversoul] by nickalpher
Feb 05, 2007 (12:19 pm)
Reply

Replying to: holdenoversoul (Jan 31, 2007 3:02 am)

did you buy or lease the vehicle? what gm rebates did you get?
#22 of 80
Leasing - are we being double-taxed? by yojedi
Feb 14, 2007 (9:43 am)
Reply
I started doing some reading on edmunds.com regarding leasing and found out the following in regards to calculating leasing payment that might interest everyone;
 
1. First of all you are being taxed on the purchase price, 7.75% in my case.
2. This sales tax amoun is then added to the leasing equation as part of your capitalized cost to determine your base monthly lease payment (before tax).
3. Then, a local sales tax is added to your base monthly lease payment bill to come to your final monthly lease payment.
 
Am I wrong in thinking that we are being doubled taxed?
#23 of 80
2007 Lease Rate for K2500 Suburban by pwinscott
Feb 21, 2007 (6:43 pm)
Reply
Hi CarMan:
 
Can you provide me with the current money factor and residual for a 2007 Suburban 4wd 3/4 ton LT 6.0 L with MSRP of $51,500?
 
Thanks.
#24 of 80
Re: 2007 Lease Rate for K2500 Suburban [pwinscott] by yojedi
Feb 21, 2007 (7:57 pm)
Reply

Replying to: pwinscott (Feb 21, 2007 6:43 pm)

I just leased a 2007 Suburban 1500 2W LT w/ 2LT, Z71, 2nd row bucket seats, 3rd row bench seating. MSRP is $44250, purchase price is $403346. Unfortunately the $2K rebate is not applicable since I opted to go with GMAC lease. However GMAC lease program is very aggressive; 36-month, 63% residual value, 6.9% APR (0.0028 money factor).

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