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GMC Yukon Lease Questions

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

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

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#6 of 169 Lease by njvike Jun 08, 2006 (3:53 pm)
How much were you putting down on the lease?
#7 of 169 07' Yukon SLT Lease by blackdog24 Jul 10, 2006 (8:20 pm)
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? Replies to this message: Car_man (Aug 01, 2006 1:55 am)
#8 of 169 Re: 07' Yukon SLT Lease [blackdog24] by Car_man HOST Aug 01, 2006 (1:55 am)
Replying to: blackdog24 (Jul 10, 2006 8:20 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.   Car_man Host Prices Paid Forum
#9 of 169 Yukon Denali Lease by gators68 Aug 25, 2006 (9:45 am)
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. Replies to this message: awf_axis (Aug 25, 2006 1:13 pm) psywzrd (Sep 06, 2006 4:12 pm)
#10 of 169 Re: Yukon Denali Lease [gators68] by awf_axis Aug 25, 2006 (1:13 pm)
Replying to: gators68 (Aug 25, 2006 9:45 am) Its the "Oops" extra dealer profit anomoly in their software.
#13 of 169 Re: Yukon Denali Lease [gators68] by psywzrd Sep 06, 2006 (4:12 pm)
Replying to: gators68 (Aug 25, 2006 9:45 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 (12:33 am)
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 Replies to this message: Car_man (Nov 01, 2006 3:51 am)
#15 of 169 Re: Yukon Lease @299/mo w/ $3k down [tryingtolearn] by Car_man HOST Nov 01, 2006 (3:51 am)
Replying to: tryingtolearn (Oct 29, 2006 12:33 am) Hi tryingtolearn. Let me begin by saying that I always advise consumers against making down payments on leased vehicles. The main reason why I do so is that consumers who make down payments on leases risk losing them if their vehicles are totaled in an accident or stolen and never recovered. Even though your monthly payment will be a little higher, you would be better off leasing without any sort of capitalized cost reduction.   You never mentioned the selling price of the Yukon that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.   Car_man Host Prices Paid Forum

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