- #21 of 67
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Re: 07 Sub Z71 pricing - Raleigh, NC [holdenoversoul]
by nickalpher
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Feb 05, 2007 (1:19 pm)
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Replying to: holdenoversoul (Jan 31, 2007 4:02 am)
did you buy or lease the vehicle? what gm rebates did you get?
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- #22 of 67
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Leasing - are we being double-taxed?
by yojedi
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Feb 14, 2007 (10:43 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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- #23 of 67
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2007 Lease Rate for K2500 Suburban
by pwinscott
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Feb 21, 2007 (7:43 pm)
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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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- #24 of 67
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Re: 2007 Lease Rate for K2500 Suburban [pwinscott]
by yojedi
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Feb 21, 2007 (8:57 pm)
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Replying to: pwinscott (Feb 21, 2007 7:43 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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- #25 of 67
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Re: 2007 Lease Rate for K2500 Suburban [yojedi]
by pwinscott
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Feb 21, 2007 (9:30 pm)
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Replying to: yojedi (Feb 21, 2007 8:57 pm)
Was that lease a smart lease? Does gm call all of their lease programs "smart leases"? The dealer is quoting me the following:
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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- #26 of 67
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Re: 2007 Lease Rate for K2500 Suburban [pwinscott]
by yojedi
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Feb 21, 2007 (9:49 pm)
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Replying to: pwinscott (Feb 21, 2007 9:30 pm)
Yes, it's the SmartLease. I'm sure you can find out what the actual invoice price is from Edmunds.com. Go to this site;
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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- #27 of 67
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Re: GMAC lease program for 07 Suburban [yojedi]
by Car_man HOST
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Feb 26, 2007 (4:01 am)
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Replying to: yojedi (Feb 05, 2007 10:19 am)
Here's the info that you're looking for, Jerry. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Chevrolet Suburban with 15,000 miles per year are 6.9% and 60%, respectively. I am not sure exactly how much GMAC charges per additional mile purchased at lease signing. You'll have to find that out from your dealer.
Car_man
Host
Prices Paid Forum
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- #28 of 67
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Re: GMAC Lease on 2007 Suburban [nickalpher]
by Car_man HOST
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Feb 26, 2007 (4:05 am)
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Replying to: nickalpher (Feb 05, 2007 12:50 pm)
Hi nickalpher. General Motors really has not had to provide any lease support on the Suburban since it was redesigned. That's why its current lease program is so bad. The 6.9% lease rate that you were quoted is GMAC's base rate for this truck right now. Individual dealers do not have the authority to lower this rate. GM did introduce special finance and cash offers on the '07 Suburban for President's Day, but it's lease program is still basically the same.
Car_man
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Prices Paid Forum
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- #29 of 67
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Re: 2007 Lease Rate for K2500 Suburban [pwinscott]
by Car_man HOST
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Feb 26, 2007 (4:08 am)
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Replying to: pwinscott (Feb 21, 2007 7:43 pm)
Hi pwinscott. This truck's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current 36 month base lease rate and residual value for the 2007 Chevrolet Suburban with 15,000 miles per year are 6.9% and 60%, respectively. 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.
Car_man
Host
Prices Paid Forum
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- #30 of 67
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Re: 2007 Lease Rate for K2500 Suburban [Car_man]
by hsensi
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Mar 11, 2007 (4:58 pm)
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Replying to: Car_man (Feb 26, 2007 4:08 am)
I am currently negotiating a deal on a new Suburban LT3 with DVD, sunroof and 20 inch wheels. The MSRP is $49,200. It also has the custom grill and trim package for $999 (total $50,200). Does $699/month for 39 months with only $1,500 down to cover first month, security, etc) sound like a good deal? I think it does but am wondering if I could do better. It is also for 15k miles. I have until Friday to decide.. they are fixing a scratch in the paint so I haven't signed any papers yet.
I know that none of the rebates are currently good for leases.
(I dont know what the negotiated selling price is but using carbuyingtips.com spreadsheet it shows my purchase price around $46,400 including the acquisition fee.)
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