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Prices Paid: Buying & Leasing Experiences Chevrolet Tahoe Lease Questions
254 messages, Last post on Nov 17, 2009 at 6:06 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: gpvalent (Apr 11, 2007 12:15 pm) Car_man Host Prices Paid Forum |
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Replying to: yakmi01 (Apr 12, 2007 6:40 am) Let me know if you have any other questions. Car_man Host Prices Paid Forum |
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Replying to: borderman01 (Apr 23, 2007 6:55 pm) Let's use GMAC's current lease program to estimate what your monthly payment would be if you decide to lease through it. According to my calculations, if you were to lease a 2007 Chevrolet Tahoe that has an MSRP of $48,620 and a selling price of $43,732 through GMAC right now for 30 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $607. Car_man Host Prices Paid Forum
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Replying to: chrod (Apr 26, 2007 2:13 pm) In your post you mentioned that this truck's selling price is $30,000. What is its MSRP? It will show me how much of a discount you are being given and help me to give you my opinion of this deal. Car_man Host Prices Paid Forum |
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I was just offered the following lease from a dealership in the Boston area. I think it's a fair offer but any feedback would be appreciated. Also, if I can wait a few months is there any benefit to ordering a 2008 instead? 2WD 3LT MSRP = $45,605 Selling Price = $41,700 MA Sales Tax = 5% 48 mo. lease, 12k miles/yr 55% residual and 6.9% With no cap cost reduction and all fees paid out-of-pocket, roughly $1,400, they are asking for $576/mo. Good deal??
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Replying to: Car_man (May 01, 2007 3:05 am)
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Car Man Ive been in the market for an 07 Tahoe for some time now and the quotes Im getting seem really high. Heres my situation: Im trading in a 2004 Acura MDX, most dealers say the'll give me $20k for my car. My payoff is $22,000. So im $2k upside to start. The Tahoe I want invoices for $40,000, plus $4000 in dealer upgrades, for 20" wheels, chrome packge, ect. (they wont negotiate the upgrades, its $4k). So my the selling price would be right at $44,000. I wanted to lease for 39 or 48 months, with 12k miles a year. I am willing to put down $2500+. The dealers tell me there using 6.9% rate & residuals around 60-62%. The payments im shown are $670 to over $700(this is with Floridas 7% sales tax included). Is this right??? Could you show the math as best you can so I have something ot go off, I dont know how to calculate/amortize a lease and feel the dealers arent being straight. Thanks a lot! Ryan
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Hi All, I am a new member tothis forum, however I have read the posts for general advice for quite a while. This is a great forum and I appreciate the help. I am currently looking at a 2007 Tahoe LTZ LOADED!!! I am pretty sure I have a really good grasp on how to figure out the best lease price using the lease formula. The part that has me shook is the salesman telling me that the inception fees will be roughly $3500 on this truck. I told the dealer I do not want to put any money down and he said the $3500 was just inception fees. I feel like this is really high. I was under the impression that inception fees are typically tax, title and tags. Is that correct? If so does $3500 for inception fees seem really high? Thanks in advance. |
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Replying to: volcom182 (May 16, 2007 5:00 pm) I think I can help you figure out if this is a good deal. You are missing a critical piece of info which is the MSRP of the vehicle. You also mentioned the invoice is 40k. Are they selling you the car for dealer invoice? Lets assume the MSRP is roughly 48k. The residual at 60% would be $28800. With the price you said you'd be paying of 44k that makes the depreciation $15200 over 48 months = $316.66. Now we add the residual value of 28800 + the cap cost of 44000 which = 72800. We take the 72800 and multiply it by .002875 (which is the money factor for 6.9%)which = $209.30. Add $316.66 and $209.30 = $525.96 X 7% tax = $562.77. Plus, if you are putting $2500 down toward cap cost reduction that should get you at least $50 off per month giving you a monthly payment of $512.77. The $670 to $700 per month payment you were offered based on the figures you provided are HORRIBLE deals. I am baffled as to where they came up with those payments based on the info you provided.
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Replying to: scoot84 (May 19, 2007 2:49 pm) ____________________________________________________________ If you have a state sales tax where you live and the MSRP of the loaded LTZ is $50K then the sales tax alone would be $3500 if your tax rate was 7%....However if you don't have a sales tax then $3500 is way high for title and tags.
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