Ask the Car People.SM


GMC Sierra Lease Questions

87 messages,  Last post on Mar 11, 2013 at 4:13 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 5 of 10

#32 of 87 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 87 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?

#34 of 87 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 87 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.

#36 of 87 Re: August lease program info please... [multiplechoice] by Car_man HOST

Aug 29, 2007 (3:17 am)

Replying to: multiplechoice (Aug 03, 2007 9:12 am)
Hey multiplechoice. Here's the info that you're looking for. GMAC's current base lease rate and residual value for a 24 month lease of a 2007 GMC Sierra 1500 Crew Cab SLE 2WD with 15,000 miles per year are 7.75% and 70%, respectively. the numbers for an otherwise identical 36 month lease are 7.75% and 61%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#37 of 87 Re: August lease program info please... [Car_man] by gatersaw

Sep 18, 2007 (2:12 pm)

Replying to: Car_man (Aug 29, 2007 3:17 am)
Car_man,
I greatly appreciate your info.
I'm looking at purchasing or leasing a new 07 Sierra. It seems we'll be seeing big discounts on cars again soon ie. 10k off sticker prices on Ford and GM pickups and more than 10k off full sized SUV's. Is it possible to negotiate 10k off sticker on a Sierra and then negotiate a lease? The lease would be very small because the depreciation would be negotiated out of the deal.
Do you have experience with this?
 
The recent rate cut by the US FED will boost retail sales in the near term but the end of this year will see economic consolidation and car manuafacturers will feel the pinch again.

#38 of 87 ny smartbuy sales tax problem by caddyman9160

Sep 20, 2007 (8:17 pm)

Hello car_man,
I am getting 2 different opinions regarding the impending purchase of a new 2007 sierra 1500 crewcab. I want to take advantage of the 0% , 60 months financing. Using the pull ahead option for my 04 escalade w/ 68K miles, one dealer said i am entitled to sales tax savings using a book value for my 04 escalade , the other dealer said I am not entitled to any sales tax credit when i pull ahead, only when i trade in. Neither dealer want my vehicle as a trade in. I am currently in a smart buy, 3 months left, 16K miles over. I live in Central NY, unable to get ANY advice from GM, or GMAC. Can you advise or point me in the right direction?
 
Thank You,
Craig caddyman9160

#39 of 87 08 Sierra Crew Cab by ltrejo

Nov 18, 2007 (1:12 pm)

Hello,
 
I'm looking for the current lease programs for an 08 Sierra Crew Cab, SLE, 36 months, 15k miles.
 
Thanks!

#40 of 87 Re: 08 Sierra Crew Cab [ltrejo] by Car_man HOST

Dec 27, 2007 (4:38 am)

Replying to: ltrejo (Nov 18, 2007 1:12 pm)
Here you go, ltrejo. GMAC's current base lease rate and residual value for a 36 month lease of any 2008 GMC Sierra Crew Cab with 15,000 miles per year are 7.75% and 61%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 lease cash that is available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#41 of 87 To purchase or not? by babacuz

Dec 28, 2007 (8:05 pm)

hello,
 
I am at a crossroads with my 2003 2500 HD Duramax 4x4 Sierra truck.
 
I am at the end of my lease in three months and I am debating whether or not to purchase the vehicle at the end of the lease term.
Wells Fargo said that they will sell it to me for $17,204.95 plus tax they say I am pre approved, no money down and no pre-pay penalties, it is at a rate of %11.36 .
 
I am leery of buying it if the offer is not good, because the truck has ongoing injector issues (fixed under warantee twice but can be very expensive), but I also have a limit on my lease to my mileage of 75,000 total and I have gone seriously over (total miles 137,000 and change) and I know I cannot just get out of the lease without getting fleeced at 17 cents per mile.
 
So my question is should I purchase with the rate offered and will the miles matter? Or should I take the next three months and find someone to buy it for a good deal and get out scott free?
And will most dealers rip me off on a trade- siince I was told I have positive equity since the truck is worth about 21,000 on Kelly blue book.
 
Thanks for your help!!

Messages Page 5 of 10

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement