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Prices Paid: Buying & Leasing Experiences Chevrolet Equinox Lease Questions
58 messages, Last post on Nov 14, 2009 at 8:46 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I am back in the market and would appreciate some information about the Equinox. Does Chevy change programs monthly? Are there featured money factors and lease periods? The incentives page speaks about customer cash, which would reduce capital cost, but are there some GM products with programs that are more favorable than others? I would probably be looking for 30 or 36 months and 15,000 per mile. Might consider 12,000 but would need to know the over mileage penalty. Thanks Carman and, now, Kfdx. You were both helpful with my last lease and I am happy you are still a resource.
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Replying to: upndwn (May 15, 2006 6:58 am) Car_man Host Smart Shopper / Prices Paid Forums |
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I hope someone can help me. I am going car shopping with my Mother-in-law this afternoon and would like the monthly lease payment on the following car: 2006 Chevy Equinox LS MSRP: $22,385 Selling price: $19,193.20 Term: 36 or 48 months. Thanks!!!
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Replying to: fish8 (Jun 23, 2006 2:47 am)   . According to my calculations if you were to lease a 2006 Chevrolet Equinox LS 4WD with an MSRP of $22,385 and a selling price of $19,193.20 through GMAC right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $271. The payment for an otherwise identical 48 month lease should be around $253. Car_man Host Prices Paid Forums |
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Car Man... Based on your last response, I think my lease deal is "in-line" with what it should be...just thought I'd throw this out there for your review: Equinox LT FWD Sticker: $23,114.37 Cost Reduction: $4,014.67 Red Cap Cost: $19,099.70 Zero down, 39 month lease at 10K miles per year Montly payment: $256.36 (including tax) Signed lease on July 4th. I was told the rate was 7.25% (I thought this was high but I didn't run a credit check before, so I don't know what my current score is). Thanks!
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Replying to: icedog97 (Jul 07, 2006 3:55 am) In your post you mentioned this truck's sticker price and a "cost reduction". Is the "cost reduction" that you mentioned a dealer discount or is it a down payment that you are making? I ask because you need to make sure that you are getting a discount on this truck. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Car_man Host Prices Paid Forums
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Replying to: Car_man (Jul 10, 2006 2:18 am) We did not make a down payment, so what is listed as "cost reduction" was comming from the dealer. I specifically asked the finance guy about the 7.25 and he responded that he can't control the number (rate) that GMAC is offering. I know that as of last year (because we took out a home equity loan), my score was around 700. There was no mention of the rate when we signed the agreement...it was only after I looked it over the next day and called the dealer, did he say the rate wat 7.25. I know, I should have asked at the time we signed...but I also should have found a sitter for my kids!!! The other interesting factor (although I don't know how this affects the rate, if at all) was that I had a trade, which we owed nothing on, and they gave us $10K for it (check). I didn't use this as a down payment, I wanted the cash because we planned on leasing from the start. Shouldn't having enough "cash on hand" to pay for the entire lease, at the time of the agreement, help me in the rate I qualify for? I guess it's all moot now, right? Thanks for your help. |
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Replying to: icedog97 (Jul 10, 2006 3:59 am)  . Car_man Host Prices Paid Forum |
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Replying to: icedog97 (Jul 10, 2006 3:59 am) Thanks!
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Replying to: throcgr (Aug 09, 2006 5:32 am) I just got home from the dealer with my '06 2LT AWD. The MSRP was $27510. They were actually trying to get $24,500. for it when I talked about straight financing. Then through much discussion I found out that the GMAC SmartBuy has different incentives than Leasing or just buying. The total incentives to use SmartBuy were $4650! Now SmartBuy is not a very attractive program the way they intend for you to use it, but I picked up on one thing: there is no penalty for early payoff. As soon as I get the first payment of SmartBuy I'm paying it off in full from my local bank. I still have that little part of me that wonders how easy this will be to pull off, but I made it quite clear to the dealer what I intended to do and they agreed that I can do it. Also I found the places on the document that said about no penalty before I signed. I'll write back after everything clears next month.
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