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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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#67 of 80
Re: Suburban Lease - End early? [Car_man] by irishrogue1
Jul 02, 2008 (9:40 am)
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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...
#68 of 80
Re: Suburban Lease - End early? [irishrogue1] by Car_man HOST
Jul 07, 2008 (2:45 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#69 of 80
suburban lease rebates...where did they go?? by bam419
Jul 16, 2008 (2:57 pm)
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I had tagged a suburban through the GM pep program due to come in july 7th and it came in today... Unfortionatally for me they dropped the $4k rebates and my payment would be $170 higher which we cant afford... Do you think they will bring back the lease rebates for july or wait till august... I dont want to buy even with the $6k off I have bought my last 3 trucks and was actually excited to lease this time..
thanks
pissed off in oxford MI
#70 of 80
Any better in August? by wiesemd
Aug 04, 2008 (4:31 pm)
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I'm interested in leasing a 2008 Suburban, 36 months, high end LTZ. I'm lucky enough to have a GM employee as a father-in-law, so I get to factor in GMS prices as well. What are the latest numbers for a lease deal, what rebates apply, latest residual values? Also, any clue if it is getting harder to get a lease, since it is all over the news that GMAC (as well as other domestic lease companies) are taking a beating on SUV's?
 
Thanks in advance!!!
#71 of 80
Re: Any better in August? [wiesemd] by Car_man HOST
Aug 06, 2008 (2:03 am)
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Replying to: wiesemd (Aug 04, 2008 4:31 pm)

Hi wiesemd. Unfortunately, General Motors just cut way back on its lease support starting August 1st. It no longer offers special lease rates or residual values for the Chevrolet Suburban. As a result, if you were to lease one through GMAC you would have to use its standard lease program, which is absolutely horrific. If you absolutely have to lease this truck, you would be best off using the cash incentives that are available on it to reduce its selling price and than leasing it through an independent bank.
 
Instead of a special lease program, GM is now offering 0% financing for up to 6 years or $6,000 customer cash on the '08 Suburban.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#72 of 80
Re: Any better in August? [Car_man] by wiesemd
Aug 06, 2008 (4:24 pm)
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Replying to: Car_man (Aug 06, 2008 2:03 am)

Thanks for the reply! Any recommendations on independent banks that offer leases?
#73 of 80
Re: Any better in August? [wiesemd] by Car_man HOST
Aug 18, 2008 (1:59 am)
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Replying to: wiesemd (Aug 06, 2008 4:24 pm)

You're welcome, wiesemd. Dealers usually have access to systems that enable them to search the country for the bank that has the best available lease program on a particular vehicle at any given time. Chances are if there is a reasonable lease program available out there on the Suburban dealers will know about it and steer you in that direction.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#74 of 80
2008 suburban Z71 lease by KMS2009
Jan 14, 2009 (11:17 am)
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hello car_man
 
can you please provide the latest lease info for a 2008 Z-71? looking for the money factor (rate) and residual value on a 36 and 39 month lease with 12K miles a year. Can you als provide the same info for a 2009?
 
thanks in advance
#75 of 80
My current lease on my Volvo is up.... by murphy4
Jan 14, 2009 (11:29 am)
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in a few months and I hoping I will be able to lease a 2009 Suburban at a fair price.
 
Are good leases still available or will be by May 2009? Or are thye going to steer everyone into purchases?
 
What should I expect??
#76 of 80
Re: 2008 suburban Z71 lease [KMS2009] by Car_man HOST
Jan 15, 2009 (3:24 am)
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Replying to: KMS2009 (Jan 14, 2009 11:17 am)

Hi KMS2009. Unfortunately, General Motors' current cash problems have forced it to pull the plug on leasing. You might be able to lease a Suburban through an independent bank, but if you really want one you will probably be better off financing it using GMAC's special rates, paying cash for it, or taking the cash incentives and financing it through an independent bank.
 
If you are completely set on leasing, you probably will be better off going with a different truck.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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