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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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#39 of 80 Re: 2007 Lease Rate for K2500 Suburban [jimmy24] by Car_man HOST Jun 06, 2007 (2:21 am)
Replying to: jimmy24 (May 27, 2007 5:14 am) Hello Jimmy. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.   General Motors' lease program on the Suburban is not very attractive, but a $750 lease payment still sounds pretty high. What MSRP and selling price were you quoted for the truck that you want? Let me know and I will give you a detailed analysis of this deal.   Car_man Host Prices Paid Forum
#40 of 80 Re: 2007 chevy suburban leases [my3boys1] by isalex Sep 01, 2007 (2:58 pm)
Replying to: my3boys1 (Apr 10, 2007 12:18 pm) Hi Car-Man:   It is Labor Day wekend (9/1/2007), and I am trying to lease a Chevy Suburban LTZ for 3 yr lease, 12k miles, $700/month or lower. I live in the Daly City, California area. If anyone has hints.referrals, I would surely appreciate it. I am ready to sig up ASAP. The 2008's are in and so I am hoping to catch a good deal on the 2007's. THANK YOU IN ADVANCE!!!! Replies to this message: isalex (Sep 01, 2007 3:23 pm)
#41 of 80 Re: 2007 chevy suburban leases [isalex] by isalex Sep 01, 2007 (3:23 pm)
Replying to: isalex (Sep 01, 2007 2:58 pm) Oops...I forgot to add that I want to put nothing down, and get the 2007 Suburban LTZ for $700, INCLUDING TAX, or less. I think it is very possible although the dealers will say otherwise. I can smell a big sale after Labor day....am i wrong??
#42 of 80 Press Request by KarenS HOST Nov 08, 2007 (5:13 am)
A reporter seeks to talk with consumers who just purchased a new large SUV. Please send the make and model of your vehicle along with your daytime contact information to ctalatiedmunds.com no later than Thursday, November 8, 2007.
#43 of 80 2008 Suburban Lease by sampson464646 Dec 11, 2007 (12:51 pm)
Hello, I have neogiated a purchase price on a LTZ 4x4 of $46,800 - would someone assist me with a 24 and 36 month lease price? Thanks for the assistance! Replies to this message: Car_man (Dec 21, 2007 2:14 am) mikes4 (Dec 23, 2007 7:25 pm) Car_man (Jan 15, 2008 3:21 am)
#44 of 80 New 2008 Suburban 2500 4x4 Lease by micromediums Dec 19, 2007 (9:56 pm)
Hi Everyone,   I leased a new 2008 Suburban 2500 4x4 w/LT3. Thing is loading with Nav System... the works!!! I think I got a good deal, but wanted to know if others thought so. Plus I'd like to know if anyone else has an estimate for "real-life" MPG?   Note: I do not get GM Discount of any kind. $3550 in available rebates & bonus Cash. MSRP 54,274 BuyPrice : 48,000 39month/15000 miles a year. Residual 60% and 7.2% lease rate. $854 due at signing, $589 a month (Note sales tax rate 6%, plate transfer)   Did I do good? Thanks for any and all feedback. Replies to this message: go8 (Dec 20, 2007 2:47 pm)
#45 of 80 Re: New 2008 Suburban 2500 4x4 Lease [micromediums] by go8 Dec 20, 2007 (2:47 pm)
Replying to: micromediums (Dec 19, 2007 9:56 pm) Hi. At that price, I think you basically stole the truck from the dealer! With no money down, the cost should have been over $650 a month.
#46 of 80 Re: 2008 Suburban Lease [sampson464646] by Car_man HOST Dec 21, 2007 (2:14 am)
Replying to: sampson464646 (Dec 11, 2007 12:51 pm) Hi sampson464646. You were smart to negotiate a selling price on the truck that you are interested in before having the dealer calculate a lease payment on it for you. I would be happy to use GM's current lease program for this model to estimate what its monthly payment should be, but in order for me to do so I need to know its MSRP as well. Met me know and I'll crunch some numbers for you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: mikes4 (Dec 23, 2007 7:25 pm) Car_man (Jan 15, 2008 3:21 am)
#47 of 80 Re: 2008 Suburban Lease [Car_man] by mikes4 Dec 23, 2007 (7:25 pm)
Replying to: Car_man (Dec 21, 2007 2:14 am) Carman,   MSRP is $54,300 Replies to this message: Car_man (Jan 15, 2008 3:21 am)
#48 of 80 Re: 2008 Suburban Lease [mikes4] by Car_man HOST Jan 15, 2008 (3:21 am)
Replying to: mikes4 (Dec 23, 2007 7:25 pm) Thanks for the additional information, mikes4. OK, according to my calculations, if you were to lease a 2008 Chevrolet Suburban LTZ 4x4 that has an MSRP of $54,300 and a selling price of $46,800 through GMAC right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $684. The payment for an otherwise identical 36 month lease would be around $634.   When negotiating your lease on this truck, keep in mind that the $2,000 customer cash that General Motors is currently providing on it is not compatible with its special lease program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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