Last post on Oct 26, 2013 at 7:27 PM
You are in the Chevrolet Silverado & GMC Sierra
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GMC Sierra 1500, GMC Sierra 1500HD, GMC Sierra 2500, Car Leasing, Truck
#24 of 91 Redesigned Sierra's lease program
Jan 11, 2007 (3:33 am)
I am not surprised that bagger was quoted such a high interest rate on a lease of the redesigned GMC Sierra right now. General Motors is not currently providing much in the way off lease support on its redesigned full-size pickups. GMAC's current base lease rate for the redesigned 2007 GMC Sierra Crew Cab is a whopping 8.5%, for consumers who have good credit. I suspect that the dealer that bagger is working with is running his lease through an independent bank. General Motors' lease program on its full-size pickups is never great, but if one wants to be the first on their block to have the redesigned version they are really going to have to pay.
Prices Paid Forum
#25 of 91 2007 Sierra lease amount
Jan 14, 2007 (10:19 pm)
Here's the lease amounts I was quoted last week on the new style Sierra Crew Cab 4x4. Taxes (6.5%) are included in lease prices. These seem high. What should they be?
Price Quoted: $32,915
36 month lease/15k a year with 1st, security and license fees down. $590.58
30 month lease/15k a year with 1st, security and license fees down. $616.40
Also, I was told by another dealer that leases were at 9.2% on the new style and 6.3% on the older style 'classic' 2007 trucks. It seems that any deals are only on the 'Classic' trucks and not the new style.
#26 of 91 Sierra Lease (new style '07)
Jan 15, 2007 (3:51 am)
My 2007 Sierra crew cab 4wd listed at $42,330 and they reluctanly gave me $1500 off. With $1000 down, my lease was $740/mo for 36 months 12k. No body here in CT would deal on the new style truck.
A 2007 Ford Super crew Lariat came in at $42,300, also. I got over $4500 off and the lease was $550/mo for 36 mo 12k.
I have a Ford in my driveway.
#27 of 91 Yes, the Ford has better pricing...
Jan 15, 2007 (7:08 am)
I'm right with you Bagger.
I love the GMC but the Ford is also very nice and for the price difference - I may have a Ford in my Driveway very soon too as they have given me much better pricing.
The new GMC/Chevy is a little nicer but not that much nicer.
#28 of 91 Re: 2007 Sierra lease amount [rs1807]
Feb 02, 2007 (3:58 am)
Hi rs1807. At the end of January, General Motors introduced a new incentive that provides consumers who trade in a 1999 or newer vehicle on a redesigned GMC Sierra with $1,000 bonus cash. If you are trading in your current vehicle, make sure to take this offer into account.
GMAC's lease program for the Sierra is bad, but not quite as bad as you were lead to believe. Its base lease rate for the redesigned 2007 Sierra 1500 Crew Cab is currently 8.5%. It is 5.6% for the GMC Sierra Classic 1500 Crew Cab. Using the prices that you mentioned in your post, an MSRP of $35,285 and a selling price of $32,915 and GMAC's current lease program, I estimate that the 36 month, 15,000 mile per year, zero down, pre-tax monthly payment for the truck that you are interested in should be around $510. The payment for an otherwise identical 30 month lease should be around $531.
Prices Paid Forum
#29 of 91 Re: 2007 Sierra lease amount [Car_man]
Feb 05, 2007 (2:53 pm)
How is the Ford dealer is getting a lease of $196/mo for 24 months with $3,470 down and 10,5K miles/yr on a truck with $35,560 sticker? They told me it was an additional $56/mo to get their lease to 15k miles/yr. It's still quite a difference in price over the GMC that I want - with nearly the same sticker price. I realize the Ford lease was quoted shorter - which really make me wonder.
To compare the two leases, if I put $3,470 down on the GMC what will the payments be? I'm trying to find out how much the GMC needs in incentives to be similar in price to the Ford.
#30 of 91 Guys........
Feb 14, 2007 (9:24 am)
Wouldn't it be cheaper to do traditional finacing ?
#31 of 91 Re: Guys........ [rockylee]
Feb 14, 2007 (9:36 am)
Maybe. I'm not sure if there is a tax advantage either way. (Truck is for the business.)
GM has 0% for 36 months (purchase) on the new style this week. The 'Classics' have 0% for 60 months.
#32 of 91 Re: 2007 Sierra lease amount [rs1807]
Feb 28, 2007 (3:58 am)
Hi rs1807. You really shouldn't make any sort of down payment when leasing. I always advise consumers against doing so because if your leased vehicle is totaled in an accident or stolen and not recovered during your lease term there is a good chance that you will lose any down payment that you made.
Ford's incentives on the F-Series pickup are more aggressive right now than GM's incentives on the redesigned GMC Sierra are, so I am not surprised that it is less expensive to lease a Ford than a Sierra right now.
Prices Paid Forum
#33 of 91 2007 Sierra Denali Lease Payment
May 24, 2007 (11:07 pm)
Looking at a 2007 Sierra Denali, MSRP $48,670, Expecting to pay around invoice at $44,052 less $2,250 in incentives. 36 Mo, 15K mi, no idea of lease rates or residual. Any ideas of rate, residual and payment?