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Prices Paid: Buying & Leasing Experiences 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
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Hello Carman or anyone else who can help: Thinking about leasing a fully loaded '08 Denali XL that lists for $57,765 or might consider the shorter version for $55,205. Just curious what GM's current residual values and money factors (APR) are on either a 36mo/15k or a 39mo/15k lease? I've read that you cannot get the rebate, but can take the bonus cash on a lease. Is this correct? If I were to lease through a secondary bank other than GMAC, would I get the rebate? Thanks in advance for any insight.
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Replying to: ocautoseeker (Nov 22, 2007 2:05 am) 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. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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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! Ken W. Massachusetts |
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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? Ken W.
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Replying to: hanoverken (Jan 17, 2008 11:30 am)
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Replying to: monkeyshift (Jan 17, 2008 7:16 pm) 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? Thanks, Ken
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Replying to: hanoverken (Jan 18, 2008 11:10 am) 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. Good Luck! |
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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?
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Replying to: franco16 (Jan 31, 2008 3:04 pm) |
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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?
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