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Chevrolet Equinox: Lease Questions

214 messages,  Last post on May 08, 2013 at 4:20 PM

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

    

Messages Page 15 of 23

#132 of 214 Lease Rates by chriswalter8

May 18, 2011 (8:37 pm)

Hi Car Man!
 
Thank you for your valuable input! You are helping my wife and I from getting gouged!
 
Can you let me know what the residual, and rate is on a 3 year lease with 12,000 miles on a 2011 Chevy Equinox 1LT w/ convenience package and sunroof (does the CP and sunroof make a difference in the residual values?)?
 
Also, what is the minimum credit score for Ally's top tier? 720?
 
Thanks Car Man!

#133 of 214 Re: Lease Rates [chriswalter8] by Car_man HOST

May 19, 2011 (4:39 pm)

Replying to: chriswalter8 (May 18, 2011 8:37 pm)
You're very welcome chriswalter8.
 
Ally's May base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Equinox 1LT AWD with 12,000 miles per year are 1.8% and 52%, respectively.
 
I think that Ally is fairly lenient in determining who qualifies for its best rates. Unless your credit is in really rough shape you should be able to take advantage of the aforementioned special lease rate.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#134 of 214 Lease Numbers by sheepdog1

May 23, 2011 (2:03 am)

Hey Carman, what are the latest base lease rates and residuals and lease incentives for the Equinox? Thanks.

#135 of 214 Lease Numbers by daddyjakes

May 27, 2011 (3:51 pm)

Hi Car Man,
 
Can you give me the current figures for money factor/ residual for the Equinox 2LT with 4 cylinder, AWD, with 15K per year for 36 months. I live in NY but the dealer is in Paramus NJ. Sales guy swore "the mf is around 4% and the lease is brutal right now."
 
Thanks

#136 of 214 Re: Lease Numbers [sheepdog1] by Car_man HOST

Jun 02, 2011 (4:43 pm)

Replying to: sheepdog1 (May 23, 2011 2:03 am)
Hey sheepdog1. Ally's current base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Equinox LS AWD with 15,000 miles per year are 1.8% and 53%, respectively.
 
General Motors is only providing a $500 cash incentive on leases of the Equinox 1LS through Ally right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#137 of 214 Re: Lease Numbers [daddyjakes] by Car_man HOST

Jun 02, 2011 (4:45 pm)

Replying to: daddyjakes (May 27, 2011 3:51 pm)
Greetings daddyjakes. Ally's current base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Equinox 2LT AWD with 15,000 miles per year are 1.8% and 50%, respectively.
 
That's a lot better than the 4% that the dealer mentioned.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#138 of 214 lease question by mkzm7478

Jun 21, 2011 (7:18 am)

soo i am getting an equinox. Lease
 
i'm trying to undertand all of it but here is what i got. i was hoping you would let me know if i'm getting a deal or not.
 
It's a 2011 Equinox LT1 with driver conv package.
$26,710 is the agreed price..
$2,000 at lease inception.
$14,040 buy out at lease end.
12K miles per year.
monthly payments of $373.00
39 month lease
 
I would love to hear your opinion
 
thanks in advance
 
Mike

#139 of 214 Re: lease question [mkzm7478] by w7zard

Jun 23, 2011 (3:23 pm)

Replying to: mkzm7478 (Jun 21, 2011 7:18 am)
You may ask them to double check the numbers. I just agreed to a 2011 1LT FWD with Convenience Package at a price of $24815, 12k miles, residual price $13165, $367 per month for 36 months. I did get a $1000 targeted market money as a current Pontiac owner and $1000 my money. Lease is thru GM Finance not Ally however.

#140 of 214 2011 equinox lease by redls1

Jul 08, 2011 (6:25 am)

Looking to lease a 2011 equinox lt with all star package.
 
Msrp $25,965 Are there any incentives? Looking for 48 months at 15k miles a year. What can I expect. I also think my bank does leasing am I better trying to go through them and how would this work? my credit score is a 710.

#141 of 214 Remembered why I dislike car shopping.... by CapeCod

Jul 13, 2011 (8:11 pm)

I'm the kind of guy who buys a car keeps it for ten years because I so dislike dealing with dealerships. Today a salesman talked me thru all the good points of why I need a new Equinox. Nearly had me convinced, but then I asked what a lease rate would be. The same salesman suddenly tells me all the reason I do not want to lease. Can someone can help me sort out the truth from the BS. Immediately told me the residual % is 46% for 15k and 48% for 12k both 39 month terms. I had expected higher but what do I know. Then he told me I definitely did not want to lease through Ally. He claimed the Residual value was not the problem but rather Ally adds a $2500 fee on top of the residual because ALLY does not want purchases by those leasing vehicles. Any truth here as I had planned on purchasing at term's end? The salesman's negativity made me suspicious so I excused myself and left.

Messages Page 15 of 23

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