Last post on Jun 19, 2013 at 7:19 PM
You are in the Prices Paid - Buying & Leasing Experiences
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GMC Yukon, GMC Yukon Denali, Car Leasing, SUV
#101 of 195 Re: 2008 Lease Numbers??? [ocautoseeker]
Dec 27, 2007 (3:50 am)
Here's the information that you're looking for, ocautoseeker. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Yukon Denali XL with 15,000 miles per year are 7.2% and 60%, respectively. The lease rate for an otherwise identical 39 month lease would be the same, but the residual value would be 59%.
What you read is correct, the customer cash that General Motors is currently providing on this truck is not compatible with this lease program, but the $1,000 bonus cash is. If you were to lease the Yukon XL that you are interested in through a bank other than GMAC then you would be able to take advantage of the $750 customer cash in addition to the bonus cash.
Prices Paid: Buying & Leasing Experiences Forum
Jan 17, 2008 (2:43 am)
One of my local dealers has offered to sell me an '08 Denali for $50,199. I am leasing the vehicle for 39 months/15k miles per year. Money factor is .003 (7.2%) and residual is $33,160 or 61%. It has the sun, entertainment, and destination package plus 20" wheels. I think it also has a heated steering wheel.
Can you comment on that as compared to other sales out there? I'm inclined to believe I could get the cap cost down, but the lease values are pretty standard.
MSRP is $55,205 and the above price is supposedly $500 under invoice, but I don't have the evidence to back that up. Can you help me? Thanks!
#103 of 195 Follow up to above post.
Jan 17, 2008 (11:30 am)
I am told that by leasing the vehicle in the above post I lose out on incentives - $3000 worth. The vehicle cost drops to $47,199 if I buy outright. So, I guess I should rephrase the question to be is $50,199 a good price on a LEASED vehicle?
#104 of 195 Re: Follow up to above post. [hanoverken]
Jan 17, 2008 (7:16 pm)
Seems like a pretty decent price to me. What was the MSRP? 56,300? If so, the GMS employee pricing is $49,494 so you're getting a car close to employee price. What rebates are there for 3K? Marketing support? Also, what's your monthly payment come out to, including sales tax for that deal?
#105 of 195 Re: Follow up to above post. [monkeyshift]
Jan 18, 2008 (11:10 am)
I think the MSRP was $56,205. I was really focused on the cap cost only. The GM supplier pricing is for purchases, unless I misunderstood. They have a lease deal, but this one is better than that.
Payment is $727 if I pay the $670 acquisition up front, $747 if I roll it into the cap cost.
I got responses from about 10 dealers and this is the best so far.
Anyone out there get better numbers?
#106 of 195 Re: Follow up to above post. [hanoverken]
Jan 18, 2008 (6:48 pm)
Those numbers appear very consistent. I structured two Yukon leases last month based on the same program GM is still running now. Although the lease rate is slightly high, the 59% residual (39 mo.) and aggressive cap cost make this a fairly decent deal, especially since you're allowed 15k-mi/yr.
The only downside to this lease is the inflated residual value, especially if you're thinking about buying out at lease-end. No way in heck that truck will hold 60% after 39 months! If not, keep within your mileage, enjoy the ride and hand 'em the keys at the end.
#107 of 195 08 Yukon Denali Lease in NJ
Jan 31, 2008 (3:04 pm)
Hey guys, I'm working on a deal right now that includes a fully loaded Denali with the sun ent. system and 20" wheels. They want 686/mo with $1800 out of pocket for a 39/mo lease. They are quoting me an invoice price of 54,674, residual is 62% and money factor is 8.7%. I really want to be between 500-600/mo on the lease price. What do I need to do to be there? Also the edmunds TMV invoice is showing
$51,000, that should help right?
#108 of 195 Re: 08 Yukon Denali Lease in NJ [franco16]
Jan 31, 2008 (3:39 pm)
franco16 - What dealer are you working with? If you need more help, please feel free to email me or reply.
#109 of 195 Last stages of lease help???
Jan 31, 2008 (4:51 pm)
I'd rather not say the dealer's name. The dealer has been pretty straight forward with many things. However, I had to figure out most on my own. I'm trying to get my payments to where I need them to be. Any suggestions on how to get there?