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Chevrolet Equinox Lease Questions

58 messages,  Last post on Nov 14, 2009 at 8:46 AM

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What is this discussion about? Chevrolet Equinox, Car Leasing, SUV

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#44 of 58 Re: 2010 leases? [timmboj] by Car_man HOST Aug 18, 2009 (2:12 am)
Replying to: timmboj (Jul 28, 2009 3:40 am) Hi timmboj. General Motors' financial problems forced it to pull the plug on leasing for a while, but it has finally reintroduced it on select models...including the 2010 Equinox. Its lease program on this truck varies by region. In a few states it is promoting a special lease through US Bank with a special rate of 4.56% for 36 to 39 months. In most states it is running a special lease through GMAC featuring a lease rate of 3.0% again for 36 to 39 months.   The US Bank program has $280 lease cash available through it, but there is no lease cash available on GMAC leases.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: timmboj (Aug 18, 2009 2:59 am) Car_man (Aug 20, 2009 2:24 am) runox (Aug 20, 2009 5:23 pm) rienthusiast (Aug 26, 2009 11:05 am) Car_man (Sep 04, 2009 2:04 am)
#45 of 58 Re: 2010 leases? [Car_man] by timmboj Aug 18, 2009 (2:59 am)
Replying to: Car_man (Aug 18, 2009 2:12 am) Cool. Thanks Car_Man.   What is "Lease Cash"? And do you happen to know if the governments tax credit on new cars purchased in 2009 applies to leased vehicles? Replies to this message: Car_man (Aug 20, 2009 2:24 am) runox (Aug 20, 2009 5:23 pm)
#46 of 58 Re: 2010 leases? [timmboj] by Car_man HOST Aug 20, 2009 (2:24 am)
Replying to: timmboj (Aug 18, 2009 2:59 am) Hi timmboj. Lease cash is essentially like consumer cash that is available on leases. You should take it into account when negotiating the selling price of the truck that you want to lease.   That's a good question about the tax credit. It might apply to leased vehicles, but they technically are in the bank's name not yours. Hmmmm, I think that an accountant would be more qualified than myself to answer that one. The FAQ section for this program (link) on the IRS site doesn't even address this issue.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#47 of 58 Re: 2010 leases? [timmboj] by runox Aug 20, 2009 (5:23 pm)
Replying to: timmboj (Aug 18, 2009 2:59 am) Tax credits do not apply to leased vehicles.
#48 of 58 Re: 2010 leases? [Car_man] by rienthusiast Aug 26, 2009 (11:05 am)
Replying to: Car_man (Aug 18, 2009 2:12 am) Without the residual values for the car it is impossible to calculate the monthly lease payment. Do you have the residual values for the 2010 Equinox for both 12,000 and 15,000 mile leases with a 3 year term? Thanks. Replies to this message: Car_man (Sep 04, 2009 2:04 am)
#49 of 58 Re: 2010 leases? [lablover2] by ellery8 Aug 29, 2009 (6:55 am)
Replying to: lablover2 (Jul 28, 2009 3:15 am) Hi,   There is an article on GM getting back into leasing dated Aug 10th or 11th byTim Higins of the Detroit Free Press. The 2010 Equinox was listed amoung the models.   I test drove a 2010 4cyl AWD LT1 and think they have a real winner if it holds up in reliability and quality. I have GM Card money that I would like to apply to an Equinox lease if it is attractive. The 2010 Equinox competes against the Honda CR-V and Toyota Rav-4 which have attractive leases recently. If GM puts out an attractiive lease I think they can convert the Honda and Toyota customers if the Equinox is as good as it appears.   Don Mc
#50 of 58 Re: 2010 leases? [rienthusiast] by Car_man HOST Sep 04, 2009 (2:04 am)
Replying to: rienthusiast (Aug 26, 2009 11:05 am) You are correct, rienthusiast. It wasn't easy to find, but I was able to get a hold of GMAC's residual values for this vehicle. Its current 36 month, 15,000 mile per year resid for the 2010 Chevrolet Equinox varies from 40% to 44%, depending upon what trim level you get. If you describe the exact Equinox that you're interested in, I will gladly tell you what the exact resid is for that trim level.   The last time that I checked, GMAC added 3% to its 15,000 mile per year residual values for leases with only 12,000 miles per year.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#51 of 58 Car man: 2010 Equinox lease price? by wanny Sep 05, 2009 (4:24 pm)
Car man,   Can you please give me the lease pricing on a 2010 equinox LT1 with AWD msrp $26500, gms pricing of $24500 with 0 down, 39m at 12k miles please? Thank you so much! Replies to this message: Car_man (Sep 14, 2009 3:20 am)
#52 of 58 Re: Car man: 2010 Equinox lease price? [wanny] by Car_man HOST Sep 14, 2009 (3:20 am)
Replying to: wanny (Sep 05, 2009 4:24 pm) Hi wanny. Let's work up a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2010 Chevrolet Equinox LT1 AWD that has an MSRP of $26,500 and a selling price of $24,500 through GMAC this month for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $391.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#53 of 58 Car Man - 2010 Equinox Lease Price by slem1842 Sep 14, 2009 (6:39 am)
Hello Car Man,   I am interested in leasing a 2010 Chevy Equinox LT2 FWD with Rear DVD Entertainment. I read your earlier posts referencing lease rates (In most states it is running a special lease through GMAC featuring a lease rate of 3.0% again for 36 to 39 months.) and residuals (40%-44% depending on trim line). I was wondering if the lease rates have changed for September and what the residual would be for the LT2? I could potentially be interested in leasing for 36 - 48 months and definitely need 15,000 miles.   Thank you, James Replies to this message: Car_man (Sep 29, 2009 2:14 am) djhalptert (Nov 03, 2009 4:58 pm) Car_man (Nov 10, 2009 3:06 am)

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