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Prices Paid: Buying & Leasing Experiences 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
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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
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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.
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Replying to: holdenoversoul (Jan 31, 2007 3:02 am) |
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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? |
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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. |
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Replying to: pwinscott (Feb 21, 2007 6:43 pm)
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Replying to: yojedi (Feb 21, 2007 7:57 pm) MSRP $51,500 (Suburban 2500 LT3 4wd) Selling price $47,312 (he claims that is $100 below invoice). My payment for a 36 month lease with 12 mi per year is $737.00. I have to put down $2600.00. Does this sound right to you? |
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Replying to: pwinscott (Feb 21, 2007 8:30 pm) http://www.leaseguide.com/calc.htm and use the lease calculate to figure out your monthly payment. I did and the result was VERY close to my actual. If your dealer hasn't already disclose to you the residual value and money facotr for your particular model, ust plug in the 63% residula value, 6.9% APR and other relevant information and it will do the rest for you. Remember to include additional fees such as the $590 lease acquisition fee, security deposit (if required) and title/registration fees. As for my lease, $1670 down and $607 a month.
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Replying to: yojedi (Feb 05, 2007 9:19 am) Car_man Host Prices Paid Forum |
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Replying to: nickalpher (Feb 05, 2007 11:50 am) Car_man Host Prices Paid Forum |
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