- #22 of 32
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Re: Denali XL lease HELP!!! [steveprint]
by Car_man HOST
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Jun 11, 2007 (1:39 am)
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Replying to: steveprint (Jun 01, 2007 8:07 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 32
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07 Yukon Denali XL
by atfoster
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Sep 02, 2007 (2:59 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 32
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Looking at 08 Denali XL lease
by catam
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Dec 07, 2007 (9:12 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 32
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Re: Looking at 08 Denali XL lease [catam]
by Car_man HOST
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Dec 28, 2007 (2:16 am)
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Replying to: catam (Dec 07, 2007 9:12 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 32
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2008 Denali XL Money Factor and Residual
by mrcr
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Jan 29, 2008 (10:54 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 32
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Re: 2008 Denali XL Money Factor and Residual [mrcr]
by Car_man HOST
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Feb 22, 2008 (3:26 am)
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Replying to: mrcr (Jan 29, 2008 10:54 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 32
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Re: 2008 Denali XL Money Factor and Residual [Car_man]
by duncan66
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Apr 06, 2008 (6:07 pm)
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Replying to: Car_man (Feb 22, 2008 3:26 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 32
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Re: 2008 Denali XL Money Factor and Residual [duncan66]
by Car_man HOST
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Apr 11, 2008 (2:44 am)
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Replying to: duncan66 (Apr 06, 2008 6:07 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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- #30 of 32
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Leased a Loaded 2008 Denali. Was this a good deal?
by chris7469
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May 13, 2008 (9:47 am)
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Replying to: Car_man (Apr 11, 2008 2:44 am)
Gentlemen:
We leased a 2008 White Denali with a sticker of 59,700 for $782.13 per month including NJ Sales Tax. Total upfront costs were $2,840, however that only covered me for 3 yrs and 36,000 miles. Included in that $2,840 was a $500 additional upfront payment for a bumper to bumper warranty for the extra 3 months and 9,000 miles. (Was that a smart move?) There is a refundable $800 security deposit and no disposition fee.
Its a 39 month lease with 15,000 miles per year through GMAC.
The truck is loaded with the dual DVDs, touch Nav, retractable running boards, 20in wheels. We love it.
Did we get an ok, average or good deal on this 08 Denali?
Thanks. CM
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- #31 of 32
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Re: Leased a Loaded 2008 Denali. Was this a good deal? [chris7469]
by steveprint
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May 13, 2008 (10:05 am)
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Replying to: chris7469 (May 13, 2008 9:47 am)
I finally leased a 2008 Denali XL with all options except the power running boards 58,900 MSRP. I leased it for 39 months 12K miles per year. I paid only the first payment at delivery. No money down or security deposit. The payment is $729 including NJ sales tax. This is with the GM employee discount. The prices were actually better than I expected. I originally was going to get the shorter truck but it was only $30 a month more for the XL. Chris7469 you probably should have skipped the extra warranty since GM always runs the pull ahead program, allowing you to get out of your lease 2-3 months early as long as you lease another GM vehicle. Good luck. I hope you like the truck as much as I like my own.
Steve
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