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Chevy Trailblazer/GMC Envoy/Olds Bravada Prices Paid and Buying Experience - READ ONLY

297 messages,  Last post on Apr 16, 2010 at 2:44 AM

You are in the Prices Paid & Leasing Experiences Archive Forum.

What is this discussion about? Chevrolet TrailBlazer, GMC Envoy, Oldsmobile Bravada, GMC Envoy XL, GMC Envoy XUV, SUV

Messages Page 30 of 30

#288 of 297 Options at end of SmartBuy by atom1

Mar 23, 2009 (7:15 pm)

The SmartBuy on my 2006 Trailblazer SS ends in June. The payoff is $22k, which is probably $2-3k over market value. I am well under the mileage limit, but it's possible they could make me pay to replace the tires. Tirerack has the OE tires for $105 each. Otherwise, I don't expect any penalties for turning it back in.
 
What is the best option? I would like to keep it if I could buy it for the current market price. Is there any chance they would lower the payoff to get me to keep it? Otherwise, I need to start looking for a new SUV.

#289 of 297 Re: Options at end of SmartBuy [atom1] by Car_man HOST

Mar 30, 2009 (3:22 am)

Replying to: atom1 (Mar 23, 2009 7:15 pm)
Hi atom1. It is difficult to say whether GMAC will be willing to lower your vehicle's purchase option price. The only way to find out for certain is to give them a call directly and see if they will work with you. More often than not banks won't, but I would not be surprised in the least if you were able to get them to offer your this truck at a reasonable price. If your initial contact at GMAC isn't willing to work with you, you may have better luck if you work your way up the ladder to a manager. Good luck.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#290 of 297 Am I Paying 14.25% Interest? by procsp

Sep 10, 2009 (11:12 pm)

Could someone please help me understand what portion of my lease is used to determine the interest rate? I simply subtracted the amount of rent--5880 from the Cap Cost--41253 and come up with 14.25%, ?
 
Cap Cost $41,253.25 (Invoice 35770, there was no trade payoff, but they lied and said there was and I signed because I believed them. That is why the Cap is higher than the invoice.)
Cap Red. -$4,500
Residual -$9,412
Rent Chrg $5,880.60 = %??
state tax rate .7%
66 month lease
 
Please help.
 
1. Payment?
2. Interest Rate?

#291 of 297 Re: Am I Paying 14.25% Interest? [procsp] by kyfdx HOST

Sep 11, 2009 (3:57 am)

Replying to: procsp (Sep 10, 2009 11:12 pm)
A 66-month lease?!
 
I didn't figure your payment, because I'm not sure if your net CAP cost is $41,500, or if that figure is before your CAP cost reduction.. (don't you know the payment?)
 
But, it's easier to come close to the interest rate.. A rough estimate is about 4.3% APR..

#292 of 297 Re: Am I Paying 14.25% Interest? [procsp] by Car_man HOST

Sep 29, 2009 (3:18 am)

Replying to: procsp (Sep 10, 2009 11:12 pm)
Hi procsp. General Motors is not currently providing lease support on the Trailblazer. Entering into an unsupported lease on a GM product does not make financial sense. You would be better off financing an '09 Trailblazer through GMAC at 2.9% for 5 years or financing it through an independent bank and taking advantage of the total cash allowance of $4,000 that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#293 of 297 SS by bigpav7

Feb 09, 2010 (9:29 am)

Just wondering what SSs are leasing for these days. Really want to get into one pretty soon, just not sure if I can afford it. Anyone with some numbers for me? THanks

#294 of 297 Re: SS [bigpav7] by Car_man HOST

Feb 22, 2010 (4:08 am)

Replying to: bigpav7 (Feb 09, 2010 9:29 am)
Hi bigpav7. General Motors pulled the plug on the Trailblazer. 2009 models are the last ones that it produced. Unfortunately, GM is not providing lease support on '09 models any longer. If you really want a Trailblazer, you will have to finance it through GMAC at 0% for 5 years or 1.9% for 6 years, finance it through an independent bank, or pay cash.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#296 of 297 lease buyout negotiatiion by jraia

Apr 12, 2010 (7:32 am)

Is it possible to negotiate the buy out amount?

#297 of 297 Re: lease buyout negotiatiion [jraia] by Car_man HOST

Apr 16, 2010 (2:44 am)

Replying to: jraia (Apr 12, 2010 7:32 am)
Hi jraia. More often than not banks will not negotiate the end-of-term purchase option price of leased vehicles. Having said that, give it a shot because you don't have anything to lose by trying. Place a call directly to GMAC, or whichever bank you are leasing your Trailblazer through and see if the are willing to work with you. If your initial contact there is not, you might have better luck by working your way up the ladder to a manager. Again, banks usually will not negotiate but if you really like your truck it's worth a shot.
 
Good luck.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 30 of 30

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