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GMC Envoy Lease Questions

94 messages,  Last post on Jul 18, 2008 at 9:39 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? GMC Envoy, GMC Envoy XL, GMC Envoy XUV, Car Leasing, SUV


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#28 of 94
Re: 2006 GMC Envoy Question [cbrun13] by Car_man HOST
Aug 24, 2006 (2:46 am)
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Replying to: cbrun13 (Aug 16, 2006 12:04 pm)

Hi cbrun13. If by the "GM discount" you mean that you are able to purchase the Envoy that you are interested in through GMAC's supplier or employee purchase programs than you are getting a good deal. Furthermore, the 4.9% lease rate that you were quoted is in line with GMAC's current program for this truck. These two things lead me to believe that you are getting a good deal on this tuck, but I cannot do any calculations to give you a more detailed analysis without knowing this truck's full MSRP and selling price.
 
Car_man
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#29 of 94
Re: 2006 GMC Envoy [ianbal] by Car_man HOST
Aug 24, 2006 (2:48 am)
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Replying to: ianbal (Aug 23, 2006 9:41 am)

Hello ianbal. Here's the info that you are looking for. GMAC's current 39 month, 15,000 mile per year base lease rate and residual value for a lease of a 2006 GMC Envoy are 4.9% and 56%, respectively. Make sure that the dealer you are working with uses the 4.9% rate to calculate your truck's lease payment.
 
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#30 of 94
Re: 2006 GMC Envoy [Car_man] by ianbal
Aug 24, 2006 (4:09 am)
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Replying to: Car_man (Aug 24, 2006 2:48 am)

Car_man,
 
Thanks for the info.
 
Ian
#31 of 94
Re: Lease question [Car_man] by dgruenberg
Aug 24, 2006 (12:15 pm)
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Replying to: Car_man (Aug 24, 2006 2:43 am)

Thanks, Car_man. I think you may have forgotten to include my 2,600 down payment in your calculations. I was using the lease calculator on Leaseguide.com as well as the one on gm tools. I also did it by hand because I was so baffled as to the large difference in our calculations.
 
The dealer called me the following morning to apologize because his software was automatically putting the MSRP in the agreed upon price, rather than the agreed upon price.
 
Anyway, after his mistake was corrected, my monthly payments are now $291, which is $5 more than what I had worked out at home, so we signed the deal.
Moral of the story, ALWAYS double check the numbers at home, even if the msrp, agreed up on price and incentives and down payment match...check the numbers!!
Thanks again, my truck is awesome by the way.
dgrueneberg
#32 of 94
UPFRONT TAXES by teamdry
Aug 25, 2006 (11:37 am)
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DOES IT PAY TO PUT THE TAXES INTO THE LEASE OR PAY THEM UPFRONT I AM IN NY.
 
THANKS
#33 of 94
Re: 2006 GMC Envoy Question [Car_man] by oakridge067
Aug 29, 2006 (10:06 am)
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Replying to: Car_man (Aug 24, 2006 2:31 am)

Thanks for your reply.
 
I was wondering about any low-mileage GMAC leases, in addition to the figures you provided.
 
Would the payments be the same on a 12,000 mile, 48-month lease?
 
How about a low-mileage lease (10,000) for 48 months?
 
I simply do not drive anywhere near 12,000 to 15,000 miles a year.
 
I have a 2001 Dodge Intrepid that I got new in June 2001 with 4 miles on it and just the other day turned up 28,000 miles.
 
Thanks again for your help.
#34 of 94
Expected Lease Price by misterep
Aug 30, 2006 (1:33 pm)
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Car_man ,
 
Thank you for all you do to save us from the dreaded card dealers.
 
I have been shopping for four weeks...although not every week and have come to the following deal. I am eligible for GM employee pricing.
 
2006 GMC Envoy Denali 4WD
 
MRSP: $37,840
 
Negotiated price $34,340
 
Rebates and Cash back total $6,000
(thisis 3,500 rebate + 1,000 employee bonus cash + new 1,500 bonus cash)
 
I am also planning to put $2,000 down into the deal
 
I want to lease for 36 months at 12.000 miles per year
 
I live in Indiana and pay the 6% sales tax on the amount of the vehicle used.
 
What should I be paying? My calculations tell me $220 per month using 5% money rate.
 
Also....this is a very simple lease guide calculator I found. Hope it helps you and your readers.
 
http://www.leaseguide.com/calc.htm
 
Thanks in advance...
#35 of 94
Nobody must be buying this stuff!! by misterep
Sep 19, 2006 (6:57 pm)
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Sure is lonely out here lately. Nobody must be shopping these days....doesn't bode well for GM.
#36 of 94
Re: 2006 GMC Envoy [ianbal] by Car_man HOST
Sep 20, 2006 (2:54 am)
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Replying to: ianbal (Aug 24, 2006 4:09 am)

No problem Ian. I'm glad that I was able to help you out.
 
Car_man
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#37 of 94
Re: Lease question [dgruenberg] by Car_man HOST
Sep 20, 2006 (2:56 am)
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Replying to: dgruenberg (Aug 24, 2006 12:15 pm)

You're right, dgruenberg. I always work up zero down leases for community members because it is in their best interest not to make any sort of capitalized cost reduction when leasing. You were smart to double check the lease payment that you were quoted, otherwise you would have ended up paying a lot more than you should have for this truck because the dealer "forgot" to give you a discount on it. Enjoy your new truck .
 
Car_man
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