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GMC Sierra Lease Questions

50 messages,  Last post on Jul 07, 2008 at 4:06 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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#26 of 50 Sierra Lease (new style '07) by bagger Jan 15, 2007 (4:51 am)
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
#27 of 50 Yes, the Ford has better pricing... by rs1807 Jan 15, 2007 (8:08 am)
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.
#28 of 50 Re: 2007 Sierra lease amount [rs1807] by Car_man HOST Feb 02, 2007 (4:58 am)
Replying to: rs1807 (Jan 14, 2007 11:19 pm) Hi rs1807. At the end of January, General Motors introduced a new incentive that provides consumers who trade in a 1999 or newer vehicle on a redesigned GMC Sierra with $1,000 bonus cash. If you are trading in your current vehicle, make sure to take this offer into account.   GMAC's lease program for the Sierra is bad, but not quite as bad as you were lead to believe. Its base lease rate for the redesigned 2007 Sierra 1500 Crew Cab is currently 8.5%. It is 5.6% for the GMC Sierra Classic 1500 Crew Cab. Using the prices that you mentioned in your post, an MSRP of $35,285 and a selling price of $32,915 and GMAC's current lease program, I estimate that the 36 month, 15,000 mile per year, zero down, pre-tax monthly payment for the truck that you are interested in should be around $510. The payment for an otherwise identical 30 month lease should be around $531.   Car_man Host Prices Paid Forum Replies to this message: rs1807 (Feb 05, 2007 3:53 pm) Car_man (Feb 28, 2007 4:58 am)
#29 of 50 Re: 2007 Sierra lease amount [Car_man] by rs1807 Feb 05, 2007 (3:53 pm)
Replying to: Car_man (Feb 02, 2007 4:58 am) Thanks Car_man.   How is the Ford dealer is getting a lease of $196/mo for 24 months with $3,470 down and 10,5K miles/yr on a truck with $35,560 sticker? They told me it was an additional $56/mo to get their lease to 15k miles/yr. It's still quite a difference in price over the GMC that I want - with nearly the same sticker price. I realize the Ford lease was quoted shorter - which really make me wonder.   To compare the two leases, if I put $3,470 down on the GMC what will the payments be? I'm trying to find out how much the GMC needs in incentives to be similar in price to the Ford. Replies to this message: Car_man (Feb 28, 2007 4:58 am)
#30 of 50 Guys........ by rockylee Feb 14, 2007 (10:24 am)
Wouldn't it be cheaper to do traditional finacing ?   Rocky Replies to this message: rs1807 (Feb 14, 2007 10:36 am)
#31 of 50 Re: Guys........ [rockylee] by rs1807 Feb 14, 2007 (10:36 am)
Replying to: rockylee (Feb 14, 2007 10:24 am) Maybe. I'm not sure if there is a tax advantage either way. (Truck is for the business.)   GM has 0% for 36 months (purchase) on the new style this week. The 'Classics' have 0% for 60 months.
#32 of 50 Re: 2007 Sierra lease amount [rs1807] by Car_man HOST Feb 28, 2007 (4:58 am)
Replying to: rs1807 (Feb 05, 2007 3:53 pm) Hi rs1807. You really shouldn't make any sort of down payment when leasing. I always advise consumers against doing so because if your leased vehicle is totaled in an accident or stolen and not recovered during your lease term there is a good chance that you will lose any down payment that you made.   Ford's incentives on the F-Series pickup are more aggressive right now than GM's incentives on the redesigned GMC Sierra are, so I am not surprised that it is less expensive to lease a Ford than a Sierra right now.   Car_man Host Prices Paid Forum
#33 of 50 2007 Sierra Denali Lease Payment by dpj May 25, 2007 (12:07 am)
Car_Man,   Looking at a 2007 Sierra Denali, MSRP $48,670, Expecting to pay around invoice at $44,052 less $2,250 in incentives. 36 Mo, 15K mi, no idea of lease rates or residual. Any ideas of rate, residual and payment? Replies to this message: Car_man (Jun 08, 2007 4:00 am)
#34 of 50 Re: 2007 Sierra Denali Lease Payment [dpj] by Car_man HOST Jun 08, 2007 (4:00 am)
Replying to: dpj (May 25, 2007 12:07 am) Greetings dpj. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Sierra 1500 Crew Cab with 15,000 miles per year are 8.15% and 61%, respectively. Using these numbers, an MSRP of $48,670, and a selling price of $41,802, I estimate that your zero down, pre-tax monthly payment would be around $580.   Car_man Host Prices Paid Forum
#35 of 50 August lease program info please... by multiplechoice Aug 03, 2007 (9:12 am)
Hi Car_man, I am looking at the GMC Sierra 1500 2WD SLE trim. Crewcab short bed. What is the current lease program. 24 and 36 months, 15K per year? I'm in southern california. Thanks for the info. Replies to this message: Car_man (Aug 29, 2007 3:17 am) gatersaw (Sep 18, 2007 2:12 pm)

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