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Pontiac G6 Lease Questions

95 messages,  Last post on Jul 16, 2009 at 11:38 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Pontiac G6, Car Leasing, Coupe, Sedan


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#57 of 95
2008 G6 in Ohio by robertkaleal
Feb 27, 2008 (6:35 pm)
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Hey! Would it be possible to quote me an approx lease price for a 2008 G6 Base with preferred package, sun and sound package, and XM satellite radio (total MSRP $22,290)? I live in Cuyahoga County, OH (8.5% tax, I believe) and would be indifferent to a 36 or 39 month lease and need 12,000 miles per year. I currently lease a GM vehicle and would retain that lease when I got this vehicle. I saw above that the rate was 3% but I wasn't sure that was for Ohio and I wasn't sure if the 56% residual quoted above was correct or not. I am also unsure of total incentives available.
 
Thanks much
#58 of 95
Pontiac G6 convertible lease questions by njbloke
Mar 07, 2008 (9:24 am)
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Hi
  
This forum is excellent.
 
I am looking for the current money factors and residuals for a 2008 G6 convertible for 36 months with either 10K or 12K miles per year. Is GM currently offering any lease incentives? Also, about how much over invoice (including destination) should I be aiming for?
 
I don't know if this matters, but I have excellent credit (high 700/low 800).
 
Thanks in advance for your assistance.
#59 of 95
Re: 2008 G6 GXP [nishkiara] by Car_man HOST
Mar 13, 2008 (1:22 am)
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Replying to: nishkiara (Feb 02, 2008 9:27 am)

Hi nishkiara. Unfortunately, because they are so much less popular than lease programs I do not personally keep tabs on the details of manufacturers' balloon note programs. GMAC's SmartBuy program is very similar to its lease program. I don't see why you would approved for it and not for a lease. In general GMAC is fairly lenient in who it allows to lease vehicles. Unless your credit is absolutely destroyed, I would not be surprised if they did approve you for a lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#60 of 95
Re: Thanks... [tripowergto] by Car_man HOST
Mar 13, 2008 (1:24 am)
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Replying to: tripowergto (Feb 09, 2008 8:20 am)

You're very welcome, tripowergto. Congratulations on getting such a ridiculously low payment on your G6. Thanks for stopping back and letting us all know how everything turned out. Don't forget to hop on over to the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#61 of 95
Re: 2008 G6 in Ohio [robertkaleal] by Car_man HOST
Mar 13, 2008 (1:33 am)
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Replying to: robertkaleal (Feb 27, 2008 6:35 pm)

I'd be happy to help you out, robertkaleal. You never mentioned what this car's selling price is, so I am going to have to make an assumption to calculate a lease payment on it. The car that you described has a spread of right around $1,400 between its full MSRP and its dealer invoice price. Plus, GM is providing $500 lease cash on it right now. That gives you a total of $1,900 to play with during negotiations. I will assume a $1,500 discount for this exercise. According to my calculations, if you were to lease a base 2008 Pontiac G6 that has an MSRP of $22,290 and a selling price of $20,790 through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $278. I used a lease rate of 2.95% and a residual value of 55% to calculate this payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#62 of 95
Re: Pontiac G6 convertible lease questions [njbloke] by Car_man HOST
Mar 13, 2008 (1:48 am)
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Replying to: njbloke (Mar 07, 2008 9:24 am)

Welcome njbloke. I;m glad that you like this forum so much. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Pontiac G6 Convertible with 12,000 miles per year are 2.95% and 55%, respectively. The lease rate for a lease with only 10,000 miles per year would be the same, but the residual value would increase to 57%. 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. So a lease rate of 2.95% would be equivalent to a money factor of around .00123. When negotiating your lease on this car, make sure to take the $500 lease cash that GM is currently providing on it into account. If I was in the market for this car right now, I personally would shoot for a couple hundred dollars over dealer invoice prior to the reduction of the $500 lease cash, or slightly under invoice with it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#63 of 95
Re: Pontiac G6 convertible lease questions [Car_man] by njbloke
Mar 13, 2008 (5:09 am)
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Replying to: Car_man (Mar 13, 2008 1:48 am)

Thank you for this valuable information.
 
You mentioned that there is 500 customer cash back on the lease, but when building the car on Pontiacs website, you get 2500 cash back. Is this only applicable to purchases?
 
In addition, how much does the money factor/residual change if the lease is increased 3 months to 39 months?
 
Lastly, how should one approach leasing a left-over 2007? How much under invoice should one aim for, and would the lease programs be the same regardless of model year?
 
Thanks again.
#64 of 95
2007 Pontiac G6 by nooesangel
Mar 22, 2008 (5:33 pm)
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I leased my car in April 2007. I immediately notified the dealership regarding air noise coming from the panoramic sunroof. They tell me nothing can be done about it. The noise level has increased so much, that I hate getting in my car everyday. I want to be released from my lease which doesn't expire until April 2010. Is there anyway that can happen?
#65 of 95
Re: 2007 Pontiac G6 [nooesangel] by Car_man HOST
Apr 30, 2008 (2:19 am)
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Replying to: nooesangel (Mar 22, 2008 5:33 pm)

Hi nooesangel. I would try taking your car to a different dealership's service department. You may find that they will be more willing to work with you or have better luck fixing your car's noise problem. Unless you can get your car declared a lemon and bought back using the lemon law, it is unlikely that you will be able to get out of your car this far from the scheduled end date of your lease without spending a lot of money.
 
In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#66 of 95
regarding trading in aleased vehicle for something else by revord
Jan 22, 2009 (3:42 pm)
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Can anyone tell me if you can get out of lease. We are leasing a 2006 pontiac g6 and had to thave the rar brakes replaced in 07. Dealership is out of business where we purchased it and recently we wre told the front needs to calipers, rotors, brake pads. We are over on our mileage. When the dealership was still in business not long after we got the vehicle we were hearing brake noise they said it wad brake dust and we did not even have it a year and under the mileage for a year I think it was around 9000 at the time and the said the warranty only covered it up to 7000 miles. We are really not looking to keep it at this point so how hard is to get out of? I also got stuck three times with car not being able to start they could not find the problem until the warranty ran out we had a bad battery 1800.00 to replace. We ahd taken three times within the first year and half. No wonder they are out of business.

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