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Prices Paid: Buying & Leasing Experiences GMC Sierra Lease Questions
51 messages, Last post on Apr 16, 2009 at 11:16 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: chevyman14 (Nov 02, 2006 8:42 pm) Car_man Host Prices Paid Forum |
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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.
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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
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Replying to: bagger (Dec 29, 2006 4:58 pm) 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
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Replying to: rockylee (Dec 30, 2006 1:01 pm) 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
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Replying to: unknown (Dec 30, 2006 1:22 pm) 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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I am not surprised that bagger was quoted such a high interest rate on a lease of the redesigned GMC Sierra right now. General Motors is not currently providing much in the way off lease support on its redesigned full-size pickups. GMAC's current base lease rate for the redesigned 2007 GMC Sierra Crew Cab is a whopping 8.5%, for consumers who have good credit. I suspect that the dealer that bagger is working with is running his lease through an independent bank. General Motors' lease program on its full-size pickups is never great, but if one wants to be the first on their block to have the redesigned version they are really going to have to pay. Car_man Host Prices Paid Forum |
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Here's the lease amounts I was quoted last week on the new style Sierra Crew Cab 4x4. Taxes (6.5%) are included in lease prices. These seem high. What should they be? Sticker: $35,285 Price Quoted: $32,915 36 month lease/15k a year with 1st, security and license fees down. $590.58 30 month lease/15k a year with 1st, security and license fees down. $616.40 Also, I was told by another dealer that leases were at 9.2% on the new style and 6.3% on the older style 'classic' 2007 trucks. It seems that any deals are only on the 'Classic' trucks and not the new style.
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My 2007 Sierra crew cab 4wd listed at $42,330 and they reluctanly gave me $1500 off. With $1000 down, my lease was $740/mo for 36 months 12k. No body here in CT would deal on the new style truck. A 2007 Ford Super crew Lariat came in at $42,300, also. I got over $4500 off and the lease was $550/mo for 36 mo 12k. I have a Ford in my driveway. Bagger |
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I'm right with you Bagger. I love the GMC but the Ford is also very nice and for the price difference - I may have a Ford in my Driveway very soon too as they have given me much better pricing. The new GMC/Chevy is a little nicer but not that much nicer.
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