Last post on Oct 26, 2013 at 7:27 PM
You are in the Chevrolet Silverado & GMC Sierra
What is this discussion about?
GMC Sierra 1500, GMC Sierra 1500HD, GMC Sierra 2500, Car Leasing, Truck
#12 of 91 Re: Calling car_man [iahawk]
Oct 25, 2006 (1:43 pm)
ianhawk, did you get a lease on that truck yet? I am in the same exact position as you are (with GM card, etc) and would like to konw the same info from car_man regarding leases.
#13 of 91 Re: Calling car_man [kfranci2]
Oct 27, 2006 (1:01 pm)
I haven't done the deal yet but here is what I have learned from the dealer:
- Full GM Card earnings plus bonus cash can be used
- 24 month, 10k mile/year lease: 6.25%, 63% residual
- 24 month, 12k mile/year lease: 6.25%, 61% residual
- 36 month, 10k mile/year lease: 6.25%, 57% residual
- 36 month, 12k mile/year lease: 6.25%, 55% residual
In my area, there is a $2000 cap reduction on 2007 1/2 tons right now plus $1000 rebate. Those numbers differ depending on where you are located.
Hope this helps.
#14 of 91 Car_man question - base lease rate
Oct 31, 2006 (2:52 pm)
In my previous post I mentioned that I was quoted a lease rate of 6.25% on a 2007 GMC Sierra Classic Extended Cab 4x4 SLT for a 24 month lease and 10k miles/year. In reading posts regarding other GM vehicles, I am starting to think that the base lease rate should be lower than the 6.25% I was quoted.
Can you confirm one way or another what the correct base lease rate is for this vehicle?
Hopefully you respond soon as I am getting close to pulling the trigger on the deal.
Thanks in advance.
#15 of 91 Re: 2006 Sierra SLE2 Ext Cab 4wd Lease expectations [iahawk]
Nov 01, 2006 (3:44 am)
Hi iahawk. Unfortunately, General Motors is no longer providing lease support on 2006 GMC Sierra models. You can get a great deal on a leftover 2006 Sierra, price-wise but you will have to either pay cash for it or finance it if you want one. If you want to lease, go with a 2007 model.
Prices Paid Forum
#16 of 91 Re: Calling car_man [iahawk]
Nov 01, 2006 (3:47 am)
Hey iahawk. Ahhh, I see that you would consider leasing a 2007 model. OK, let's take a look at its lease program. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Sierra SLE Extended Cab 4WD with 10,000 miles per year are 5.6% and 57%, respectively. If Iowa is in General Motors' North Central region, which I believe it is, then the truck that you are interested in has $2,000 lease cash available on it. Make sure to take this cash, in addition to the GM Card cash, into account when negotiating this truck's selling price.
Prices Paid Forum
#17 of 91 Re: Calling car_man [kfranci2] by iahawk
Nov 02, 2006 (8:42 pm)
hey are those rates and residuals for classics or the new sierras
#18 of 91 Re: Calling car_man [kfranci2] by iahawk [chevyman14]
Nov 05, 2006 (11:33 am)
Hey chevyman14. Those are the numbers for the Classic model. I heard that GM is going to introduce a new lease program for the redesigned Silverado / Sierra on Wednesday. Rumor has it that this truck is going to start out with a lease rate in the 8.5% range, but I haven't seen its residual values yet. Please feel free to check back with me in a few days and I will be happy to tell you exactly what the new lease program it like for the exact truck that you want.
Prices Paid Forum
Nov 09, 2006 (6:10 am)
I have been given some residuals for the new silverado/sierra as follows, please verify and or pass on, thanks
24 30 36 48
12k 73 68 64 57
15k 70 65 61 54
let me know if these look right, if so pass it on
i was also informed that lease rates on the new silverado/sierra start at 7%
thats really seems high to me, because when i got my G6 in Dec 04, i got 3.5 through GMAC, with rebates, GMS, trade and neg equity on a 48 month lease with 15k per year. The highest GMAC rate then was on vibes at 5% and GTOs even had 3.5. I worked at the dealership when i got the car, and the average customer only recieved a 1%jump to help the manager make some money. but most negotiated the payment, where the manager had to drop the 1% jump to make the sale. I do live in FLint, MI, where everyone and there brother gets GMS and there really is no negotiating needed. So if anyone can give me the rate without a jump for the dealership sake, please pass it on.
#20 of 91 "new style 2007 GMC/Silverado" lease questions
Dec 29, 2006 (4:58 pm)
I am taking delivery of a 2007 GMC 1500 Crew Cab 4x4. MSRP was nearly $42,000 (wow !) and I was able to receive a $1500 reduction in the selling price. Wow again, eh.
My question is, since I'm leasing this vehicle for 36 months, what would I be looking at with no money down? Any money factor rate, residual, yada, yada ... would be great.
One last question ... should I look at GMAC for the lease, or go elsewhere? I saw where someone had seen that GMAC had a 7% factor, which seems high to me.
Thanx in advance.
#21 of 91 Re: "new style 2007 GMC/Silverado" lease questions [bagger]
Dec 30, 2006 (1:01 pm)
Did you shop around for the best price or is that a pretty common price customers are paying ????
The 7% seems a little hight but the way interest rates have been going up the last year or so on cars it might be about right.