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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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#40 of 51 Re: 08 Sierra Crew Cab [ltrejo] by Car_man HOST Dec 27, 2007 (3:38 am)
Replying to: ltrejo (Nov 18, 2007 12:12 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 51 To purchase or not? by babacuz Dec 28, 2007 (7:05 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!! Replies to this message: Car_man (Jan 18, 2008 3:50 am) thothtp (Feb 21, 2008 6:40 pm) Car_man (Feb 22, 2008 2:39 am)
#42 of 51 Re: To purchase or not? [babacuz] by Car_man HOST Jan 18, 2008 (3:50 am)
Replying to: babacuz (Dec 28, 2007 7:05 pm) Greetings babacuz. I personally would never purchase a truck that has been having problems at the end of a lease. One of the great things about leasing is that one can walk away from a problem vehicle without having to pay a dime. Having said this, you are in a pickle with your excess mileage. It would be almost unbearable to have pay a $0.17 per mile penalty on 62,000 excess miles . So you may be stuck buying your truck.   Perhaps your best option is to purchase your vehicle at lease-end and trade it in or sell it privately. If you can find someone who is willing to pay more than $17,000 for a 2003 Sierra that has over 130,000 miles on it you could get out of your truck essentially for free, which would be ideal. You may have trouble finding any takers at that price, but your loss would almost certainly be less than what your excess mileage penalty will be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: thothtp (Feb 21, 2008 6:40 pm) Car_man (Feb 22, 2008 2:39 am)
#43 of 51 Re: To purchase or not? [Car_man] by thothtp Feb 21, 2008 (6:40 pm)
Replying to: Car_man (Jan 18, 2008 3:50 am) I was wondering if anyone could tell me the current lease rates on a Sierra 1500 4x4 with the 5.3L V8. this would be 12k miles, in the upstate NY area. As far as options, if it changes anything I am looking for a typically equipped regular or extended cab, not crew.   Thanks for the help, -Tyler Replies to this message: Car_man (Feb 22, 2008 2:39 am)
#44 of 51 Re: To purchase or not? [thothtp] by Car_man HOST Feb 22, 2008 (2:39 am)
Replying to: thothtp (Feb 21, 2008 6:40 pm) Welcome Tyler. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of any 2008 GMC Sierra 1500 Crew Cab with 12,000 miles per year would be 7.75% and 64%, respectively. The numbers for an otherwise identical lease of a 2008 Sierra 1500 Extended Cab are 4.75% and 60%. The numbers for an otherwise identical lease of a 2008 Sierra 1500 Regular Cab are 8.2% and 49%. When negotiating your lease on this truck, make sure to take the $1,000 bonus cash that is currently available on it into account.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#45 of 51 2008 Sierra MF and Residual by glevitt Apr 25, 2008 (6:52 pm)
Hello all,   Anyone know what the current GMAC lease details are on Sierra 1500 crew cab and extended cab. I have heard 61% for 3yr/36mi but can't button down a money factor or interest rate. I am in Colorado.   Thank you very much for the help!   Greg in Denver Replies to this message: Car_man (May 08, 2008 2:27 am)
#46 of 51 Re: 2008 Sierra MF and Residual [glevitt] by Car_man HOST May 08, 2008 (2:27 am)
Replying to: glevitt (Apr 25, 2008 6:52 pm) Hello Greg. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Sierra 1500 Crew Cab 4WD with 12,000 miles per year are 7.75% and 64%, respectively. The numbers for an otherwise identical lease of an '08 GMC Sierra Extended Cab 4WD are 4.75% and 60%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#47 of 51 08 Sierra 1500 Ext Cab SLE2 Lease Question by speedracerr May 29, 2008 (3:31 pm)
Hey Carman,   Was just offered the following deal for a 2008 GMC Sierra 1500 Ext. Cab w/ SLE2 with tow package. I think the dealer's padding the invoice price by a few hundred also. Does this seem like the best deal i can get? I reside in NV. The figures are based on 48 mos/ 12k mile   MSRP: $33,565 Invoice: $31059 Residual Amt/ Pct: .51% Money Factor: 5.75% Gross Cap Cost: $28,559 Net Cap Cost: $28,461.50   I'm hoping to get the payments below $370. Is this possible? Thanks a lot for your help!!! Replies to this message: Car_man (Jun 05, 2008 2:33 am) thothtp (Jul 02, 2008 2:09 pm) Car_man (Jul 07, 2008 3:06 am)
#48 of 51 Re: 08 Sierra 1500 Ext Cab SLE2 Lease Question [speedracerr] by Car_man HOST Jun 05, 2008 (2:33 am)
Replying to: speedracerr (May 29, 2008 3:31 pm) Hi speedracerr. The market for large pickups like the Sierra is absolutely dead right now. If you are in an area that has a decent level of competition, you should be able to easily get this truck for the invoice price that is listed right here at Edmunds.com, New Vehicle Pricing, minus any available cash incentives.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: thothtp (Jul 02, 2008 2:09 pm) Car_man (Jul 07, 2008 3:06 am)
#49 of 51 Re: 08 Sierra 1500 Ext Cab SLE2 Lease Question [Car_man] by thothtp Jul 02, 2008 (2:09 pm)
Replying to: Car_man (Jun 05, 2008 2:33 am) Car_man,   I was wondering if you had the updated lease rates for Sierra 1500's for July? I am interested in an extended cab Sierra 1500 4x4 with SLE1 and 5.3l, 12,000 miles, likely 36 months but that is flexible based on whatever is the best rate.   Also, does the $5000 rebate apply to leases? If not, what if any rebates do apply? I am planning to pull the trigger this month and want to know all the info before I go in.   Thanks so much, -Tyler Replies to this message: Car_man (Jul 07, 2008 3:06 am)

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