- #20 of 31
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Re: Denali XL lease HELP!!! [steveprint]
by suv_jerry
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Jun 04, 2007 (7:31 pm)
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Replying to: steveprint (Jun 01, 2007 9:07 am)
Steve, the numbers you are being quoted sound right. I just leased a fully loaded XL Denali with a sticker of $59k today. I only took the 10k miles and a 39 month term and am paying $807 before taxes. Today was the last day to get the $1,500 rebate applied to the GMAC lease which is rarely seen for leasing. The price they are basing the lease on is $53,795 so with a little discount and the rebate I am happy with the deal. It's close to what Edmunds TMV says. Despite the approaching $4 per gallon for gas, The 2007's are very hot and dealers seem to be able to move them quickly in the the tri-state area of NY-NJ-CT.
Hope this helps. Can't wait to pick up the truck tomorrow! Black with black interior. Oh yeah, this is our second black XL Denali in the family as my wife has a 2006. We love it. Turning in my 2004 Pilot EX which I loved, just not enough storage behind the heavily used third row.
I think one reason I wanted to own two XL Denalis is to spite Gore!! I must be in good company as no one in this thread is a global warming evangelist.
I'm sure by the time we lease our next on we will get the full hybbrid version if available in the XL version. So Al can rest easy.
Any other recent lease stories out there?
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- #22 of 31
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Re: Denali XL lease HELP!!! [steveprint]
by Car_man HOST
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Jun 11, 2007 (2:39 am)
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Replying to: steveprint (Jun 01, 2007 9:07 am)
Hi steveprint. The fact that you qualify for GMS pricing on the Yukon Denali XL that you are interested in should enable you to get the lowest possible price on it without having to haggle. You can always double check that the dealer you are working with is using GMAC's base lease rate and residual value of 7.2% and 60% to calculate your monthly payment. GMAC's lease rate on the Cadillac Escalade ESV is slightly better, 6.15%, but its residual value is 5 points lower.
Car_man
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- #23 of 31
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07 Yukon Denali XL
by atfoster
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Sep 02, 2007 (3:59 pm)
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The ad reads: New 2007 GMC DENALI XL $499/month Sale Price includes all incentives plus destination. 39 month lease, 10,000 miles per year, $2000 plus 1st, plus tax, W.A.C My 1st question, what is W.A.C? 2nd question, how does a trade-in work with a lease? If you were to negotiate $5000 for your trade-in, would the dealer require that the $5000 be put towards the lease or can you request it as cash back? 3rd question - if the residual is high, is that something that you can negotiate? How can I determine a fair residual? Thank you in advance for your advice.
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- #24 of 31
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Looking at 08 Denali XL lease
by catam
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Dec 07, 2007 (10:12 am)
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I am looking to lease an 08 Denali XL. I am wondering if anyone knows the current money factor/ lease details available. Specific ?'s I have are what is the current residual % used on 36,39 mo lease; is residual calculated based on MSRP or actual cap cost; does anyone know how sales tax works for calculating lease pymt when you have a trade in (do you still get sales tax credit on trade in value?); I live in Utah if that matters. Hopefully a host can help or anyone else. Thanks, Chris.
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- #25 of 31
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Re: Looking at 08 Denali XL lease [catam]
by Car_man HOST
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Dec 28, 2007 (3:16 am)
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Replying to: catam (Dec 07, 2007 10:12 am)
Hi catam. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Yukon 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%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. The residual value percentages should be multiplied by the full MSRP of the vehicle that you want, including the destination charge and any options that can be residualized.
I am not personally familiar with how sales tax is calculated on leased vehicles in Utah, but you might be able to find out by visiting the Utah DMV or Utah State Tax Commission sites.
Car_man
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- #26 of 31
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2008 Denali XL Money Factor and Residual
by mrcr
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Jan 29, 2008 (11:54 am)
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Does anyone know the current money factor and residual for a Denali? 36, 39 and 48 months.
Thanks,
Rick
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- #27 of 31
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Re: 2008 Denali XL Money Factor and Residual [mrcr]
by Car_man HOST
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Feb 22, 2008 (4:26 am)
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Replying to: mrcr (Jan 29, 2008 11:54 am)
Hello Rick. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Yukon XL Denali with 15,000 miles per year are 7.2% and 60%, respectively. The numbers for an otherwise identical 39 month lease are 7.2% and 59%. The 48 month numbers are 7.2% and 52%. If you were to lease with only 12,000 miles per year, these residual values would be 3% higher. As you can see, GMAC publishes lease rates instead of money factors for vehicles. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400, so a lease rate of 7.2% would be equivalent to a money factor of around .00300. When negotiating your lease on this truck, make sure to take advantage of the $1,000 bonus cash that GM introduced on it mid-month.
Car_man
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- #28 of 31
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Re: 2008 Denali XL Money Factor and Residual [Car_man]
by duncan66
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Apr 06, 2008 (7:07 pm)
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Replying to: Car_man (Feb 22, 2008 4:26 am)
Car_man - are those lease rates still in effect for April? - I'm looking to lease a 2008 GMC Yukon XL 2500 for 3 years with 15k miles per year.
Thanks
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- #29 of 31
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Re: 2008 Denali XL Money Factor and Residual [duncan66]
by Car_man HOST
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Apr 11, 2008 (3:44 am)
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Replying to: duncan66 (Apr 06, 2008 7:07 pm)
Hi duncan66. GMAC's April base lease rate and residual value for a 36 month lease of a 2008 GMC Yukon XL with 15,000 miles per year are 7.2% and 60%, respectively. If you are the current owner or lessee of a GM vehicle, you are eligible for a $1,000 owner loyalty incentive on this truck.
Car_man
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