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Chevrolet Equinox Lease Questions

59 messages, Last post on Nov 25, 2009 at 5:17 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: quinto (Aug 08, 2007 9:05 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Aug 27, 2007 2:13 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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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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Replying to: juna (Jan 13, 2008 9:46 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jan 14, 2008 3:46 am) 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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Replying to: juna (Jan 14, 2008 4:29 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jan 15, 2008 2:39 am)
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I am entering the final year of a 4 yr smartbuy on an 05 Equinox LT(it helped me when I needed it) and was wondering what experiences people have had to get out of it? Any experiences on how "picky" dealers are normally on the interior when you give it back - as far as penalties? Mileage is going to be about 9k-10k per year so that shouldn't be a factor. Thanks~!! |
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I am wondering if someone can provide some insight to help me better understand the rational of the Smart Lease: Background My lease ends in March 2008 on my 2005 Chevy Equinox. Mileage allowance for the lease term is 36K and currently there are 34K. The agreed upon value of the vehicle was $24,169.50 and I put $3K down. The residual value is $15217.90 and in March I will have paid a total of $11,192.90 to drive the vehicle the last 3 years. Currently I am looking at either financing or leasing a new 2008 Equinox LTZ. My father (co-lessee) on my 2005 Equinox is very interested in purchasing it at the end of my lease to drive back and forth to work as he drives 82 miles round trip a day and lives in the mountains west of Denver and let's just say the AWD Equinox rocks in the snow! Confusion GMAC is saying that in March we can purchase the vehicle for $17,130.32. How is this possible? The blue book value of the car in excellent condition is $14,500 and if you look in the paper there are a number of 2005 Equinox's for sale with less miles than mine and they are priced anywhere between $13,500 - $14500, Question How is it that if I purchase it at the end of the lease it will cost $17,130? They won't sell it as a used car for that much. So what drop it off at a dealership and return it and then what turn around and tell the dealership that I want to buy it back, it seems to me that way would be cheaper than purchasing it at the price stated on my lease agreement. Is the purchase price at the time of the lease negotiable? Sorry if this is confusing my hopes are that the more information I provide the better someone will be able to help me understand what my options are at the end of my lease next month. Thanks in advance-
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