- #21 of 57
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Re: Lease on an '07 [magooley]
by Car_man HOST
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Sep 19, 2006 (1:50 am)
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Replying to: magooley (Sep 12, 2006 2:16 pm)
Welcome Magooley. This truck's lease payment will depend upon its selling price, how long you lease it for, and its mileage allowance. General Motors is currently providing $500 lease cash on the 2007 Chevrolet Equinox, so for the sake of calculating a lease payment on the truck you want that using this car you are able to negotiate a capitalized cost that is right at dealer invoice. I'll also assume that you want a 36 month lease with 15,000 miles per year. Let me know if you want something different. According to my calculations, if you were to lease a 2007 Equinox AWD with an MSRP of $25,115 and a capitalized cost of $23,281 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $402. With this lease you would have to pay your truck's first month's payment, a security deposit equivalent to your monthly payment rounded up to the nearest $25 increment, GMAC's $595 acquisition fee, and any required state taxes or fees at lease signing. As you can see, this payment isn't that great. If you are really set on getting an Equinox, perhaps you can try to extend your current lease for a couple of months and see if GM's lease program for this truck is any better then.
Car_man
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- #22 of 57
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2007 Equinox LT1 AWD Residual and Money Factor
by quinto
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Aug 08, 2007 (9:05 am)
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Hi:
Can you please tell me what the current residual and money factor is on a 2007 Equinox LT1 AWD - also is there any lease assistance from Chevy?
Thanks Quinto
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- #23 of 57
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Re: 2007 Equinox LT1 AWD Residual and Money Factor [quinto]
by Car_man HOST
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Aug 27, 2007 (2:13 am)
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Replying to: quinto (Aug 08, 2007 9:05 am)
Here's the information that you're looking for, quinto. GMAC's lease program for the Equinox varies by term and mileage allowance. 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. Its current base lease rate and residual value for a 36 month lease of an '07 Chevrolet Equinox AWD with 15,000 miles per year are 6.5% and 49%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,400 lease cash that GM is currently providing on it.
Car_man
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- #24 of 57
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Re: 2007 Equinox LT1 AWD Residual and Money Factor [Car_man]
by 40yearfan
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Aug 27, 2007 (8:08 pm)
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Replying to: Car_man (Aug 27, 2007 2:13 am)
Hi Car_man and thanks for the info. I was thinking about leasing the 2008 Equinox Sport, but with a residual of only 49% after 3 years, it would be cost prohibitive.
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- #25 of 57
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Equinox
by gowick
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Oct 26, 2007 (5:40 am)
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Hey all....
Can you help me with lease rates and residuals, and perhaps leasing cash, on 2008 Equinox.
Looking at 36-39 months I would guess and 12,000 per year.
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- #26 of 57
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What's a good lease deal in Jan 2008?
by juna
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Jan 13, 2008 (9:46 am)
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I'm looking to lease an '08 Equinox LS FWD with 12k miles/year for 36-39 months and zero down (except tax, title, license, 1st months pmt, etc.). What is the residual value on these, and what is the lease rate? What kind of monthly payment should I be shooting for? I want to know what a top notch deal would be on a lease for this vehicle.
I basically just want to go into the dealer and say, "If you can give me the car for $XXX per month including taxes, consider it done." And if not, I'll walk out the door. I just need to figure out how much $XXX should be.
BTW, I can get a family discount b/c someone in my immediate family worked for GM for 30+ years. Plus, I have a GM Card with a flyer stating that I can get $3000 earnings top-off (I have $2800 earnings) off select vehicles (Equinox is on the list) in January. How can I figure out what the best monthly payment is based on all of this?
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- #27 of 57
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Re: What's a good lease deal in Jan 2008? [juna]
by Car_man HOST
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Jan 14, 2008 (3:46 am)
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Replying to: juna (Jan 13, 2008 9:46 am)
Hi juna. GMAC's current base lease rate and residual value for a 36 month lease rate of a 2008 Chevrolet Equinox 2WD with 12,000 miles per year are 6.1% and 49%, respectively. The lease rate for an otherwise identical 39 month lease would be the same, but the residual value would drop by 1%. If you provide me with the MSRP and selling price of the exact Equinox that you are interested in, or at least the MSRP and dealer invoice price, I would be happy to calculate its approximate monthly payment for you.
Car_man
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- #28 of 57
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Re: What's a good lease deal in Jan 2008? [Car_man]
by juna
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Jan 14, 2008 (4:29 pm)
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Replying to: Car_man (Jan 14, 2008 3:46 am)
I just built one on the Chevy web site for $23,750 MSRP. If I went with AWD, I get a $25,375 MSRP. Can you price both of these out for me please? Is there an easy way to do it factoring all the above discounts ($3000 off with GM Card, GM family member discount)?
I understand one can get a vehicle for quite a bit under invoice if one knows what to say and knows the right numbers. I just want to be as informed a consumer as possible rather than waste our money needlessly.
Thanks for your help, car man. I really appreciate it.
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- #29 of 57
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Re: What's a good lease deal in Jan 2008? [juna]
by Car_man HOST
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Jan 15, 2008 (2:39 am)
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Replying to: juna (Jan 14, 2008 4:29 pm)
Hi juna. I don't have any way to find out exactly what the GM Family selling price would be for the trucks that you mentioned, but you should be able to by visiting gmfamilyfirst.com . It would be easier for me to estimate these trucks' lease payments if I knew exactly what their selling prices are. For now I will assume that you are being given a $1,500 discount on the 2WD and $1,600 discount on the AWD. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2008 Chevrolet Equinox LS FWD that has an MSRP of $23,750 and a selling price of $19,250 (MSRP - $1,500 discount - $3,000 GM CARD points) through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $290. The payment for an otherwise identical lease of an '08 Equinox LS AWD that has an MSRP of $25,375 and a selling price of would be around $317.
I can give you an even more accurate estimate of these trucks' lease payments if you let me know that their actual selling prices are.
Car_man
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- #30 of 57
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Re: What's a good lease deal in Jan 2008? [Car_man]
by phil56
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Jan 18, 2008 (2:49 pm)
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Replying to: Car_man (Jan 15, 2008 2:39 am)
How about a 36 month - 12,000 mile/year lease for a 2008 Chevy Equinox LTZ AWD in Chicago, IL? Also, what's the difference in per month lease cost for the above-mentioned scenario when you put $0 compared to $2500. Thanks, Car man.
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