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Chevrolet Suburban Lease Questions

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

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

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#59 of 80 General lease questions by calvinhobbes Apr 10, 2008 (7:29 am)
I am just starting to shop for a Suburban LTZ lease. I am a current GM owner and I live in the New York City metro area.   I was wondering what the current incentives, residuals and money factors are for 36, 39 and 48 month leases at 12k miles per year.   Any info would be appreciated.   Thanks in advance. Replies to this message: Car_man (May 07, 2008 2:08 am)
#60 of 80 Re: General lease questions [calvinhobbes] by Car_man HOST May 07, 2008 (2:08 am)
Replying to: calvinhobbes (Apr 10, 2008 7:29 am) Excellent username, calvinhobbes. I used to love that cartoon. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of any 2008 Chevrolet Suburban with 12,000 miles per year are 7.2% and 63%, respectively. The numbers for an otherwise identical 39 month lease are 7.2% and 62%. This truck's 48 month numbers are 7.2% and 55%. 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 GM is currently providing on it into account.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#61 of 80 Re: Lease Price on New Sub [trimarc140] by trimarc140 May 07, 2008 (9:42 am)
Replying to: trimarc140 (Apr 08, 2008 6:50 am) Thanks for answering mine Car Man! Your a champ, so helpful. Have a great life. Replies to this message: Car_man (Jun 05, 2008 1:10 am)
#62 of 80 Re: Lease Price on New Sub [trimarc140] by Car_man HOST Jun 05, 2008 (1:10 am)
Replying to: trimarc140 (May 07, 2008 9:42 am) You're very welcome, trimarc140.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#63 of 80 Suburban Lease - End early? by cassiemoun Jun 08, 2008 (7:00 am)
I got into a 5-1/2 year lease on my 2004 Chevy Suburban. Monthly payment is $643 a month. The lease is up in 12 months. Mileage is 53,000 miles, which is right on target. I am wondering if I can trade it in early. When should I do it? How much cash will be due to keep to vehicle? Is that a firm number? Replies to this message: rockman59 (Jun 10, 2008 6:45 pm) Car_man (Jun 24, 2008 1:31 am) irishrogue1 (Jul 02, 2008 9:40 am) and 1 more... Car_man (Jun 24, 2008 1:27 am)
#64 of 80 Re: Suburban Lease - End early? [cassiemoun] by rockman59 Jun 10, 2008 (6:45 pm)
Replying to: cassiemoun (Jun 08, 2008 7:00 am) cassiemoun said: I am wondering if I can trade it in early. When should I do it? ____________________________________________________________________ Now is not going to be a good time to get out of your lease on a Suburban. The market for "SUVs" is all but gone due to the high fuel prices. I think you will do much, much better by waiting until the lease is up then turning the vehicle in. Do some shopping but I don't think you will want to hear what the dealers are going to tell you. Replies to this message: Car_man (Jun 24, 2008 1:31 am) irishrogue1 (Jul 02, 2008 9:40 am) Car_man (Jul 07, 2008 2:45 am)
#65 of 80 Re: Suburban Lease - End early? [cassiemoun] by Car_man HOST Jun 24, 2008 (1:27 am)
Replying to: cassiemoun (Jun 08, 2008 7:00 am) Hi cassiemoun. Wow, a 5 1/2 year lease. That's a long time. You must be glad that it is coming to an end. This lease must no be through GMAC, I don't think that it even offers leases which are that long. If it is through GMAC, it is running an early lease termination program right now that lets current lessees out of their deals up to two months early if they purchase or lease a new GM product, but a full year is a long time. Chances are that it will be cheaper if you just wait until you are closer to the scheduled end of your lease to get something new.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#66 of 80 Re: Suburban Lease - End early? [rockman59] by Car_man HOST Jun 24, 2008 (1:31 am)
Replying to: rockman59 (Jun 10, 2008 6:45 pm) Excellent point, rockman59. The trade-in values of SUVs are unbelievably bad right now. Any chance that Cassie had of getting out of her lease early with a minimal loss flew out the window when gas prices went this high. At least she is leasing and doesn't own the Suburban. I thank my lucky stars every day that I am leasing my SUV and that I will be able to get out of it and let the bank absorb the huge loss on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: irishrogue1 (Jul 02, 2008 9:40 am) Car_man (Jul 07, 2008 2:45 am)
#67 of 80 Re: Suburban Lease - End early? [Car_man] by irishrogue1 Jul 02, 2008 (9:40 am)
Replying to: Car_man (Jun 24, 2008 1:31 am) Is the $2k customer cash and $2k bonus cash available on a lease? i assume the add'l $2000 purchase cash is not.   Can you confirm that rates/residual for july did not change when chevy updated incentives yesterday.   interesting that none of the ads or chevy website mention the choice of taking $4k/6k on a lease/purchase over the 0% financing for 72 mos.....   Given the inventory msot dealers seem to have can we expect that chevy will change around and increase the incentives on "leftovers" starting the week of July 7th or will they allow July to be a bust and wait for August to really blow out leftovers?   Also whey hasnt chevy touched the GM card redemption allowances?? I am sitting on over $5k and have to believe that they will at least double the existing $1500 limit that applies to my GM earnings or ideally drop the limits altogether and "reward" card users for the remaining '08s....   my goal is to purchase (maybe lease) an '08 Suburban LTZ stickering for $55k for a total of $12-14k off sticker at 2.9% over 60mos less another $2500-5000 in GM earnings.....Now I just need Chevy to play along and hold the 60mo rate at 2.9%, up the basic customer cash to $4k plus another bonus/purchase/conquest cash of $4k and tinker with the redemption allowances. anyone want to take bets?   I suspect that they wont seriously subsidize leases and risk getting these trucks back in 24-39 mos with low residuals and bloated buyout prices based on a soft used market and residuals based on MSRP that was $8-10k higher than the capitalized cost... Replies to this message: Car_man (Jul 07, 2008 2:45 am)
#68 of 80 Re: Suburban Lease - End early? [irishrogue1] by Car_man HOST Jul 07, 2008 (2:45 am)
Replying to: irishrogue1 (Jul 02, 2008 9:40 am) Hi irishrogue1. Through July 7th, General Motors is providing a total of $2,000 bonus cash that can be used on leases of the '08 Suburban through GMAC ($4,000 on cash purchases). It is difficult to say what GM's incentives will look like for the rest of July, but I would not be surprised if the 0% for 72 months and some of the bonus cash disappeared for a few weeks until GM realized that it will not be able to unload its leftover '08 models without aggressive promotions.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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