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GMC Yukon Lease Questions

169 messages,  Last post on Apr 23, 2009 at 1:56 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? GMC Yukon, GMC Yukon Denali, Car Leasing, SUV


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#38 of 169
Re: Looking for Lease Deal [kgraves] by Car_man HOST
Feb 02, 2007 (4:09 am)
Reply

Replying to: kgraves (Jan 13, 2007 12:47 pm)

Hi kgraves. $11,000 is an amazing discount on a brand new GMC Yukon Denali. How many miles does it have on it? I definitely don't think that you are going to be able to get a Yukon Denali for less than this. Let's work up a sample lease payment on this truck for you and see what it's like. According to my calculations, if you were to lease a 2007 GMC Yukon Denali with an MSRP of $55,000 and a selling price of $44,000 through GMAC right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would only be around $469. If this truck has a number of miles on it, GMAC may require that some sort of adjustment is made during the payment calculation.
 
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#39 of 169
Re: 2007 Denali Lease - Good Deal? [groupwhere] by Car_man HOST
Feb 02, 2007 (4:49 am)
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Replying to: groupwhere (Jan 16, 2007 7:30 pm)

Greetings groupwhere. $924 a month . That's a lot of money! Sign and drive basically means that any of the charges that you normally would have to pay at lease signing, like your vehicle's acquisition fee, first month's payment, security deposit, and any taxes are all rolled into its selling price so that you don't have to pay any money at lease signing. All you have to do is "sign" the lease contract and "drive" away in your new vehicle. I would be happy to give you a detailed analysis of this deal if you let me know what this truck's selling price is. This is a very important number for you as a consumer to know anyhow.
 
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#40 of 169
Re: help [drjmak1] by Car_man HOST
Feb 02, 2007 (4:56 am)
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Replying to: drjmak1 (Jan 19, 2007 11:27 am)

Hi drjmak1. While I don't know for certain, I suspect that LAM stands for "Local Area Marketing." If so, these fees are basically advertising fees that the dealer you are working with has to pay. Rather than letting the dealer cloud things by adding all sorts of fees to your deal, focus on the big picture. Get an out-the-door price for the Yukon that you are interested in that includes all of the fees. Then comparison shop that price with a few other dealers and go with the one that offers you the best total deal, provided that they use GMAC's base lease rate to calculate your monthly payment.
 
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#41 of 169
Re: good price? [drjmak1] by Car_man HOST
Feb 02, 2007 (5:00 am)
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Replying to: drjmak1 (Jan 26, 2007 5:28 pm)

Hello drjmak1. A base 2007 GMC Yukon Denali has a spread of around $4,000 between its full MSRP and its dealer invoice price. The $1,750 customer cash that is currently available on this truck is not compatible with its lease program, but in February GM is providing $500 bonus cash on it that is. You were quoted a $3,610 discount on the truck that you are interested in. This looks like a pretty good price to me, if you are able to have the $500 bonus cash subtracted from it. Make sure to stop by the following discussion for additional feedback on how much you should pay for this truck: "GMC Yukon /Yukon Denali: Prices Paid & Buying Experience".
 
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#42 of 169
Re: Feb Lease rates [monkeyshift] by Car_man HOST
Feb 02, 2007 (8:59 am)
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Replying to: monkeyshift (Feb 01, 2007 10:51 am)

Here's the information that you're looking for, monkeyshift. GMAC's current base lease rate and residual value for a 27 month lease of a 2007 GMC Yukon Denali XL with 10,000 miles per year are 7.2% and 69%, respectively. The numbers for an otherwise identical 36 month lease are 7.2% and 65%. When negotiating your lease on this truck, make sure to take the $500 bonus cash that is currently available on it into account.
 
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#43 of 169
Re: Feb Lease rates [Car_man] by monkeyshift
Feb 02, 2007 (10:38 am)
Reply

Replying to: Car_man (Feb 02, 2007 8:59 am)

Thanks Car Man also-- I'm eligible for the supplier discount, which on a 54,455 truck is 50,114, can I add that 500 bonus cash on top of that discount?
#44 of 169
Re: Looking for Lease Deal [Car_man] by kgraves
Feb 02, 2007 (1:26 pm)
Reply

Replying to: Car_man (Feb 02, 2007 4:09 am)

Thank you carman for your reply. I don't think I can go wrong on this one. There is approx. 2,000 miles on it. The dealers wife is sporting around in it right now. thanks again!
#45 of 169
Current Feb lease rates for Yukon (non-XL) by vegasrph
Feb 06, 2007 (8:03 pm)
Reply
Hello Car Man!! I am looking to see if the residuals for a 2007 Yukon are still 63% for a 12,000 mi/yr lease (36-39 months) and what is the current interest rate (MF)? Also, just to let some other forum readers know......contact the internet dept at your local (or out of area) dealer for the absolute BEST price quote. Right now, I was quoted $500 UNDER invoice + any rebates ($2250 right now)!! So, this can save you almost $3,000 UNDER invoice!! (BUY ONLY, not on a lease) THANKS!!!
#46 of 169
Property Taxes by tadmaddad
Feb 09, 2007 (12:40 pm)
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CAR MAN: Local dealer (friend) is quoting me $646/month on a 48 month, $4K down lease for a pretty loaded Yukon SLT, MSRP =$48915, my price = $44999. The Virginia personal property taxes are "rolled in" to the lease because GMAC pays these upfront at a "subvented" rate -- the dealer says this accounts for approximately $80/month on the lease. The applicable personal property tax rate is %3.79%, but according to the dealer, because GM pays in bulk, they get a discount.
 
My questions are:
 
1. Does this sound like a reasonable deal overall?
2. Does what the dealer is telling me about the personal property taxes ring true? I am concerned that I am financing personal property taxes, which I obviously do not want to do.
 
Thanks!
#47 of 169
What is the current lease interest rate? by jimav
Feb 13, 2007 (7:01 am)
Reply
Hi, I received a quote for an 07 Denali with:
nav/rear ent/20" rims
 
5k down 36month 12k miles for 631 a month.
 
A friend bought a cheaper Ford Expedition with a residual of 48% compared to 63% on the Yukon. I did not get the money factor for the Yukon quote. Does anyone know the current/average interest rates from gmc now?
(btw, this quote is from the Philly area)
 
Thanks

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