- #94 of 254
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Re: For Car_man Lease numbers on 2007 Subrban/Tahoe [marcusc]
by Car_man HOST
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Nov 30, 2006 (3:10 am)
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Replying to: marcusc (Nov 26, 2006 11:27 am)
Greetings marcusc. You never mentioned how long you want to lease this truck for how what mileage allowance you need, so 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. Through January 2nd, GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Chevrolet Tahoe with 15,000 miles per year are 6.9% and 60%, respectively. Vehicles' residual values are set by banks and individual dealers do not have the authority to alter them. Dealers cannot lower vehicles' lease rates or money factors, but they often are allowed to mark them up to add additional hidden back-end profit to deals. That is why it is important to check to make sure that your vehicle's base rate is being used to calculate its monthly payment. It is difficult to say what GM's lease program will be like for this truck when its first quarter program is announced. Its new lease program probably won't be any worse than its current one is, but it is difficult to say for certain.
Car_man
Host
Prices Paid Forum
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- #95 of 254
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Re: Are those lease rates the same across the board? [Car_man]
by dubbsy01
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Nov 30, 2006 (8:12 am)
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Replying to: Car_man (Nov 30, 2006 3:01 am)
I was looking for a 36 month lease w/ 12,000 mi/year. msrp 47,175 selling price of 40,000. I recently put these numbers in a matrix at leasecompare.com and got a residual value of 22,540 and a money factor of 0.00241 monthly payment of 633 w/1,000 down... ca u calculate a monthly payment for me..?
Thank again,
Dubbsy01
I'm just about to give up, love the truck but can't swing these payments.
p.s. does gm do a lease w/ say 10,000 miles a year if so how much would it effect a monthly payment?
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- #96 of 254
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Re: leasing a 07 Tahoe? [Car_man]
by allison5
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Nov 30, 2006 (8:24 pm)
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Replying to: Car_man (Nov 30, 2006 3:06 am)
Unfortunatly I am not leasing my Yukon, I financed it. As I think I said the pay off on it is still around 27,000 and it is a 2004. Considering I can only get around 20,000 + (I have 45,000 miles on it)I agree that I would be so upside down. Another concern is that if I wait a year or so it will have more miles and worth less right? I pretty much decided that I do NOT want to go to a minivan as I think I really would feel more comfortable having the AWD in the winter months since we go to Lake Tahoe so much.
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- #97 of 254
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Re: How much lease would I look at? [Car_man]
by borderman01
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Dec 02, 2006 (7:01 pm)
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Replying to: Car_man (Nov 30, 2006 2:42 am)
What if I wanted to do $10K miles. I know you said and I believe as you do to put no money down since you won't get it back, but assume I put down $2500. Thnx.
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- #98 of 254
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how do you calculate residual value?
by dubbsy01
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Dec 06, 2006 (10:39 am)
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I have a question about how to calculate residual values? when you say gm is currently leaseing at 60% residual value and 6.9 % respectively for a 36 month lease w/ 12k per year. Does that mean 60% of the sale price? of msrp? or some value in the middle?
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- #99 of 254
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Yet ANOTHER lease question for ya
by blkcat1
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Dec 18, 2006 (4:46 pm)
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Hello Im so happy I came upon this site it has been very helpful. Im in negotiations to lease a Tahoe LT3 ,leather sunroof, 20" polished rims as options. I got a price of 39,700
the invoice being 39,100. Im quoted 1000 down 15k miles per year for four year lease $640 per month. When i put this in a calculator it dosent compute I have no idea what Im doing. Does this sound right? What if I put 3K down what will my lease payment be? Id like to be in the 500 dollar range. Thanks for you time;)
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- #100 of 254
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Re: how do you calculate residual value? [dubbsy01]
by kyfdx HOST
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Dec 19, 2006 (6:11 am)
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Replying to: dubbsy01 (Dec 06, 2006 10:39 am)
MSRP including destination charge..
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- #101 of 254
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Re: how do you calculate residual value? [kyfdx]
by dubbsy01
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Dec 19, 2006 (11:41 am)
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Replying to: kyfdx (Dec 19, 2006 6:11 am)
thanks kyfdx,
so you take that dollar ammount: say $52,580
my lease loan would be for 40% of that minus whatever discount I'd get on a sale price, of course plus financing charge 6.9% apr? does that sound about right?
dubbs
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- #102 of 254
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Re: how do you calculate residual value? [dubbsy01]
by kyfdx HOST
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Dec 19, 2006 (5:42 pm)
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Replying to: dubbsy01 (Dec 19, 2006 11:41 am)
Monthly depreciation + finance charges = Monthly payment..
Plus taxes, of course...
So.. in essence.. you are correct.
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- #103 of 254
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Re: how do you calculate residual value? [kyfdx]
by dubbsy01
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Dec 19, 2006 (10:05 pm)
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Replying to: kyfdx (Dec 19, 2006 5:42 pm)
Thanks again,
I feel that the educated consumer gets treated more fairly in the car buying field. It's unfortunate that more people fail and/or neglect to do the proper research prior to making such a large purchase. Edmunds has been a great tool for me in his endevour ....forums like this tremendously effect the consumer's ability to negotiate the best possible price on a vehicle.
dubbs
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