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GMC Yukon Lease Questions

169 messages,  Last post on Apr 23, 2009 at 2:56 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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#5 of 169
Re: Options for 2007 Yukon [deeter] by Car_man HOST
Apr 23, 2006 (10:26 am)
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Replying to: deeter (Apr 05, 2006 11:42 am)

Hi deeter. 9.5% is an outrageous interest rate to pay on any new vehicle. You definitely would be better off leasing this truck. GMAC's current base lease rate for leases of 1007 GMC Yukon models through GMAC is 7.5%. This isn't anything to write home about, but it is a heck of a lot better than 9.5%.
 
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#6 of 169
Lease by njvike
Jun 08, 2006 (4:53 pm)
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How much were you putting down on the lease?
#7 of 169
07' Yukon SLT Lease by blackdog24
Jul 10, 2006 (9:20 pm)
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I'm interested in leasing a 2007 Yukon SLT. Does anyone know the current lease rate (APR/Interest rate) and residual value offered thru GMAC for this vehicle?
#8 of 169
Re: 07' Yukon SLT Lease [blackdog24] by Car_man HOST
Aug 01, 2006 (2:55 am)
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Replying to: blackdog24 (Jul 10, 2006 9:20 pm)

Greetings blackdog24. This truck's lease program varies depending upon how long you lease it for and how many miles per year you need to be able to drive it. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Yukon SLT with 15,000 miles per year are 6.3% and 60%, respectively. Make sure to take the $2,000 bonus cash that GM is currently providing on this truck into account when negotiating its capitalized cost.
 
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#9 of 169
Yukon Denali Lease by gators68
Aug 25, 2006 (10:45 am)
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I am in the process of leasing a Yukon Denali 07 and seem to be at a road block. I purchased leasing software online in order to make sure I was not getting fleeced on financing. Agreed upon value has been determined to be 51,113 minus 2K cash back from GMC. 7.3% financing, 63% residual on 36m (12K)lease on MSRP of 54,975. Only startups for dwn which is 2043.03 which includes 1stpmt and sec dep and dealer,title fees. The software spits out 683.60 plus Florida tax( 7% )47.85 for a total of 731.45.
 
Both dealers start with same numbers but miraculously come out with pmts 40 to 80 dollars per month higher! Can you calculate and see if there is something Im missing or are they just trying to make $ on financing. Im willing to compromise but not that much. Please assist.
#10 of 169
Re: Yukon Denali Lease [gators68] by awf_axis
Aug 25, 2006 (2:13 pm)
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Replying to: gators68 (Aug 25, 2006 10:45 am)

Its the "Oops" extra dealer profit anomoly in their software.
#13 of 169
Re: Yukon Denali Lease [gators68] by psywzrd
Sep 06, 2006 (5:12 pm)
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Replying to: gators68 (Aug 25, 2006 10:45 am)

Not sure how they're calculating the rebate (is it just a cap cost reduction?), but running your numbers through my leasing software came up with a monthly payment of $702.84. The only thing I can think of that might be raising the
monthly payment is the acquisition fee that's usually tacked on. That's generally in the neighborhood of $600-$800 and if you spread that cost over 36 months, you're looking at an additional $20-$25/month (although that's far from the $40-$80 difference the dealer is coming up with). When you have your numbers like you do, feel free to call GMAC and tell them what's going on. They should be able to tell you what your monthly payment should be and you can discuss any discrepancies with them.
#14 of 169
Yukon Lease @299/mo w/ $3k down by tryingtolearn
Oct 29, 2006 (1:33 am)
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Is this a good deal?
 
MSRP $40,390
Cap Cost ??
Down $3000 + first month + sec deposit
Monthly lease w/o tax $299
39 month lease
 
I do not know the interest rate, nor the residual
These were the only numbers given.
 
Thanks

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