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GMC Sierra Lease Questions

51 messages,  Last post on Apr 16, 2009 at 11:16 AM

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What is this discussion about? GMC Sierra 1500, GMC Sierra 1500HD, GMC Sierra 2500, Car Leasing, Truck

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#14 of 51 Car_man question - base lease rate by iahawk Oct 31, 2006 (2:52 pm)
Car_man,   In my previous post I mentioned that I was quoted a lease rate of 6.25% on a 2007 GMC Sierra Classic Extended Cab 4x4 SLT for a 24 month lease and 10k miles/year. In reading posts regarding other GM vehicles, I am starting to think that the base lease rate should be lower than the 6.25% I was quoted.   Can you confirm one way or another what the correct base lease rate is for this vehicle?   Hopefully you respond soon as I am getting close to pulling the trigger on the deal.   Thanks in advance.
#15 of 51 Re: 2006 Sierra SLE2 Ext Cab 4wd Lease expectations [iahawk] by Car_man HOST Nov 01, 2006 (3:44 am)
Replying to: iahawk (Oct 17, 2006 6:52 am) Hi iahawk. Unfortunately, General Motors is no longer providing lease support on 2006 GMC Sierra models. You can get a great deal on a leftover 2006 Sierra, price-wise but you will have to either pay cash for it or finance it if you want one. If you want to lease, go with a 2007 model.   Car_man Host Prices Paid Forum
#16 of 51 Re: Calling car_man [iahawk] by Car_man HOST Nov 01, 2006 (3:47 am)
Replying to: iahawk (Oct 19, 2006 10:58 am) Hey iahawk. Ahhh, I see that you would consider leasing a 2007 model. OK, let's take a look at its lease program. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Sierra SLE Extended Cab 4WD with 10,000 miles per year are 5.6% and 57%, respectively. If Iowa is in General Motors' North Central region, which I believe it is, then the truck that you are interested in has $2,000 lease cash available on it. Make sure to take this cash, in addition to the GM Card cash, into account when negotiating this truck's selling price.   Car_man Host Prices Paid Forum
#17 of 51 Re: Calling car_man [kfranci2] by iahawk by chevyman14 Nov 02, 2006 (8:42 pm)
hey are those rates and residuals for classics or the new sierras Replies to this message: Car_man (Nov 05, 2006 11:33 am)
#18 of 51 Re: Calling car_man [kfranci2] by iahawk [chevyman14] by Car_man HOST Nov 05, 2006 (11:33 am)
Replying to: chevyman14 (Nov 02, 2006 8:42 pm) Hey chevyman14. Those are the numbers for the Classic model. I heard that GM is going to introduce a new lease program for the redesigned Silverado / Sierra on Wednesday. Rumor has it that this truck is going to start out with a lease rate in the 8.5% range, but I haven't seen its residual values yet. Please feel free to check back with me in a few days and I will be happy to tell you exactly what the new lease program it like for the exact truck that you want.   Car_man Host Prices Paid Forum
#19 of 51 residuals by chevyman14 Nov 09, 2006 (6:10 am)
I have been given some residuals for the new silverado/sierra as follows, please verify and or pass on, thanks          24 30 36 48 12k 73 68 64 57 15k 70 65 61 54   let me know if these look right, if so pass it on   i was also informed that lease rates on the new silverado/sierra start at 7%   thats really seems high to me, because when i got my G6 in Dec 04, i got 3.5 through GMAC, with rebates, GMS, trade and neg equity on a 48 month lease with 15k per year. The highest GMAC rate then was on vibes at 5% and GTOs even had 3.5. I worked at the dealership when i got the car, and the average customer only recieved a 1%jump to help the manager make some money. but most negotiated the payment, where the manager had to drop the 1% jump to make the sale. I do live in FLint, MI, where everyone and there brother gets GMS and there really is no negotiating needed. So if anyone can give me the rate without a jump for the dealership sake, please pass it on.
#20 of 51 "new style 2007 GMC/Silverado" lease questions by bagger Dec 29, 2006 (4:58 pm)
Hello ....   I am taking delivery of a 2007 GMC 1500 Crew Cab 4x4. MSRP was nearly $42,000 (wow !) and I was able to receive a $1500 reduction in the selling price. Wow again, eh.   My question is, since I'm leasing this vehicle for 36 months, what would I be looking at with no money down? Any money factor rate, residual, yada, yada ... would be great.   One last question ... should I look at GMAC for the lease, or go elsewhere? I saw where someone had seen that GMAC had a 7% factor, which seems high to me.   Thanx in advance.   BAGGER Replies to this message: rockylee (Dec 30, 2006 1:01 pm) unknown (Dec 30, 2006 1:22 pm) rockylee (Dec 30, 2006 3:36 pm)
#21 of 51 Re: "new style 2007 GMC/Silverado" lease questions [bagger] by rockylee Dec 30, 2006 (1:01 pm)
Replying to: bagger (Dec 29, 2006 4:58 pm) bagger,   Did you shop around for the best price or is that a pretty common price customers are paying ????   The 7% seems a little hight but the way interest rates have been going up the last year or so on cars it might be about right.   Rocky Replies to this message: unknown (Dec 30, 2006 1:22 pm) rockylee (Dec 30, 2006 3:36 pm)
#22 of 51 Re: "new style 2007 GMC/Silverado" lease questions [rockylee] by Dec 30, 2006 (1:22 pm)
Replying to: rockylee (Dec 30, 2006 1:01 pm) Rocky ... Well, the "all new" Sierra/Silverado is not getting much off the sticker. I had to nearly beg to get $1500 off the MSRP.   Anyway, I looked at the GMAC financing page today and see that 12K miles/year, 36 months smart lease for $40,320 is $690/month. I don't know what that is in terms of money factor, but seems on the high side. I'm picking the truck up in a couple days after the new year, but would like to know if there is a leasing company that gives a better 'deal'. BTW, the GMAC site lists 10.2% for a traditional buy and 9.5% for a smart buy. OUCH .. !   BAGGER Replies to this message: rockylee (Dec 30, 2006 3:36 pm)
#23 of 51 Re: "new style 2007 GMC/Silverado" lease questions [] by rockylee Dec 30, 2006 (3:36 pm)
Replying to: unknown (Dec 30, 2006 1:22 pm) Bagger,   OUCH....!!!! is right !!!!!   You need to find out your credit score and ask around. Don't let them run your credit since inquires lower your score but I'd definitely call around first thing monday and see if you could get a lower rate. If you can't then perhaps you should buy it. I honestly believe if you were willing to work you could at least knock off $3K on the MSRP. I'd almost be willing to be you could find a dealer somewhere that would sell you one at or near invoice but of course that might require some driving. I'm not sure what state you live in but I'm confident you can do much better than $1500 off MSRP. I get a GM employee discount so it doesn't matter so much to me since my price is set by GM. If I buy a 07' GMT-900 GMC Sierra Denali I might fly back to my home state of Michigan and drive it back since a friend of my family is a sales manager at a GM dealership.   Trust me Bagger, you can do better than $1500 off. I promise ya that.   Rocky

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