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Chevrolet Equinox: Lease Questions

64 messages,  Last post on Dec 07, 2009 at 5:08 AM

You are in the Chevrolet Equinox Forum. Your Hosts are steve_ & tidester

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


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#1 of 64
Chevrolet Equinox: Lease Questions by kyfdx HOST
Feb 26, 2006 (9:54 am)
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Ask your Chevy Equinox lease questions here!!
#2 of 64
Re: Chevrolet Equinox: Lease Questions [kyfdx] by leaselooker
Mar 10, 2006 (10:04 pm)
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Replying to: kyfdx (Feb 26, 2006 9:54 am)

Alrighty then...I'm interested in leasing an Equinox but can't find anything on Chevy's website about leasing. Is Chevy currently offering any deals to come anywhere near what Honda is offering on the CR-V?
 
I can't find any GM lease deals on the web...don't they lease or are the residuals so low leasing isn't attractive?
 
Thanks for the reply...
#3 of 64
Re: Chevrolet Equinox: Lease Questions [leaselooker] by Car_man HOST
Apr 03, 2006 (1:48 am)
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Replying to: leaselooker (Mar 10, 2006 10:04 pm)

Hi leaselooker. General Motors is running a special lease on the 2006 Chevrolet Equinox. Its lease program varies depending upon how long you lease for and how many miles per year you are allowed to drive. For now, I will assume that you are interested in a 36 month lease with 12,000 miles per year. Let me know if you want something different. If you were to lease a 2006 Chevrolet Equinox AWD through GMAC on or before April 4th for 36 months with 12,000 miles per year, its base lease rate and residual value should be 6.5% and 59%, respectively. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 6.5% is equivalent to a money factor of around .00271.
 
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#4 of 64
2006 Equinox LT MF and residuals by madmanager1
Apr 13, 2006 (5:32 am)
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I'm looking for MF and residuals on an 2006 Equinox LT...looking at 36 or 48 months, either 12K or 15K miles. Want to do something in April so please let me know as soon as you can. THanks.
#5 of 64
Re: 2006 Equinox LT MF and residuals [madmanager1] by Car_man HOST
Apr 20, 2006 (8:14 am)
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Replying to: madmanager1 (Apr 13, 2006 5:32 am)

Greetings madmanager1. GMAC, General Motors' captive finance company, does not use money factors to calculate vehicles' lease payments. It publishes lease rates instead. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. If you were to lease a 2006 Chevrolet Equinox LT 4WD through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 6.5% and 56%, respectively. The numbers for an otherwise identical 48 month lease should be 6.5% and 49%. If you were to lease with only 12,000 miles per year, the 36 month residual value would be 3% higher and the 48 month residual would be 2% higher.
 
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#7 of 64
looking for opinions by shawn11
Apr 29, 2006 (11:02 am)
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I currently have a truck that is getting 16mpg on average. I am upside down on the loan. I am considering an equinox lease. Is this a good idea.
#8 of 64
Equinox LS by greg_ny
May 08, 2006 (6:17 am)
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Just got my few days ago from Island Chevy in Staten Island New York.
"LS" FWD with 16" ALUMINUM wheels & head curtain side impact air bags (sandstone metallic)
27 month lease with no money down $266 per month do to great promotions from CHEVY.
#9 of 64
rates, etc., help please by upndwn
May 15, 2006 (6:58 am)
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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.
#10 of 64
Re: rates, etc., help please [upndwn] by Car_man HOST
May 18, 2006 (4:08 am)
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Replying to: upndwn (May 15, 2006 6:58 am)

Hi upndwn. GMAC's lease rates and residual values usually last for two to three months, but its cash incentives often including the cash that is available on leased vehicles usually changed about every month. If you were to lease a 2006 Chevrolet Equinox AWD through GMAC through July 5th for 36 months with 15,000 miles per year, its base lease rate and residual value should be 6.5% and 56%, respectively. This truck's 12,000 mile per year residual value for this term would be 3% higher.
 
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