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Chevrolet Equinox: Lease Questions

59 messages,  Last post on Nov 25, 2009 at 5:17 AM

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

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#17 of 59 Re: Equinox Lease [icedog97] by throcgr Aug 09, 2006 (5:32 am)
Replying to: icedog97 (Jul 10, 2006 3:59 am) My question is how did you negotiate $4,000 off? We are looking at the LS & LT and wondering how we can get the LT down to a reasonable price. The $2000 incentive offer does not apply to leases at this time. Thanks! Replies to this message: rftech (Aug 11, 2006 6:33 pm) throcgr (Aug 22, 2006 2:24 pm)
#18 of 59 Re: Equinox Lease [throcgr] by rftech Aug 11, 2006 (6:33 pm)
Replying to: throcgr (Aug 09, 2006 5:32 am) throcgr, I just got home from the dealer with my '06 2LT AWD. The MSRP was $27510. They were actually trying to get $24,500. for it when I talked about straight financing. Then through much discussion I found out that the GMAC SmartBuy has different incentives than Leasing or just buying. The total incentives to use SmartBuy were $4650! Now SmartBuy is not a very attractive program the way they intend for you to use it, but I picked up on one thing: there is no penalty for early payoff. As soon as I get the first payment of SmartBuy I'm paying it off in full from my local bank. I still have that little part of me that wonders how easy this will be to pull off, but I made it quite clear to the dealer what I intended to do and they agreed that I can do it. Also I found the places on the document that said about no penalty before I signed. I'll write back after everything clears next month. Replies to this message: throcgr (Aug 22, 2006 2:24 pm)
#19 of 59 Re: Equinox Lease [rftech] by throcgr Aug 22, 2006 (2:24 pm)
Replying to: rftech (Aug 11, 2006 6:33 pm) Thanks rftech. Unfortunately we are really not looking to purchase - really want a lease. Have now switched to looking at the Mazda Tribute as we have the employee discount but that still is not getting us very far. Really can't stand this car buying business
#20 of 59 Lease on an '07 by magooley Sep 12, 2006 (2:16 pm)
Hi, I'm new to this site and could really use some help.   I would like to lease an '07 Equinox LT with the following equipment added to the standard items: sunroof, am/fm 6 cd in-dash changer, Pioneer premium 7 speaker system, and a remote starter. When I build that car with those items added, I get a MSRP of $25,115 and an invoice price of $23,281. My question is: approximately what would my lease payments be if I put no money down and rolled the tax and other charges (not DMV, of course) in as well. I don't want any out-of-pocket expense except the first month and the DMV charges.   I was in a Chevy dealership today and they gave me a rough quote of over $400 which seems ridiculously high to me. The salesman said I could have gotten an '06 LAST month for around $275 -$300, which is about what I'd like to pay. However he says since the '07's just came out, there are no attractive lease options.   Is this true? And if so, how long is it usually before the new attractive lease options will come out? He said to try back (or he would contact me) in a month or two, but my GMAC lease is up in October. I don't know if I should extend my present lease for a month or two, or go get a Ford Escape which I should be able to get out around $300 - $330. I do like the Equinox better.   Help!   Magooley Replies to this message: Car_man (Sep 19, 2006 1:50 am)
#21 of 59 Re: Lease on an '07 [magooley] by Car_man HOST Sep 19, 2006 (1:50 am)
Replying to: magooley (Sep 12, 2006 2:16 pm) Welcome Magooley. This truck's lease payment will depend upon its selling price, how long you lease it for, and its mileage allowance. General Motors is currently providing $500 lease cash on the 2007 Chevrolet Equinox, so for the sake of calculating a lease payment on the truck you want that using this car you are able to negotiate a capitalized cost that is right at dealer invoice. I'll also assume that you want a 36 month lease with 15,000 miles per year. Let me know if you want something different. According to my calculations, if you were to lease a 2007 Equinox AWD with an MSRP of $25,115 and a capitalized cost of $23,281 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $402. With this lease you would have to pay your truck's first month's payment, a security deposit equivalent to your monthly payment rounded up to the nearest $25 increment, GMAC's $595 acquisition fee, and any required state taxes or fees at lease signing. As you can see, this payment isn't that great. If you are really set on getting an Equinox, perhaps you can try to extend your current lease for a couple of months and see if GM's lease program for this truck is any better then.   Car_man Host Prices Paid Forum
#22 of 59 2007 Equinox LT1 AWD Residual and Money Factor by quinto Aug 08, 2007 (9:05 am)
Hi:   Can you please tell me what the current residual and money factor is on a 2007 Equinox LT1 AWD - also is there any lease assistance from Chevy?   Thanks Quinto Replies to this message: Car_man (Aug 27, 2007 2:13 am) 40yearfan (Aug 27, 2007 8:08 pm)
#23 of 59 Re: 2007 Equinox LT1 AWD Residual and Money Factor [quinto] by Car_man HOST Aug 27, 2007 (2:13 am)
Replying to: quinto (Aug 08, 2007 9:05 am) Here's the information that you're looking for, quinto. GMAC's lease program for the Equinox varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Its current base lease rate and residual value for a 36 month lease of an '07 Chevrolet Equinox AWD with 15,000 miles per year are 6.5% and 49%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,400 lease cash that GM is currently providing on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: 40yearfan (Aug 27, 2007 8:08 pm)
#24 of 59 Re: 2007 Equinox LT1 AWD Residual and Money Factor [Car_man] by 40yearfan Aug 27, 2007 (8:08 pm)
Replying to: Car_man (Aug 27, 2007 2:13 am) Hi Car_man and thanks for the info. I was thinking about leasing the 2008 Equinox Sport, but with a residual of only 49% after 3 years, it would be cost prohibitive.
#25 of 59 Equinox by gowick Oct 26, 2007 (5:40 am)
Hey all....   Can you help me with lease rates and residuals, and perhaps leasing cash, on 2008 Equinox.   Looking at 36-39 months I would guess and 12,000 per year.
#26 of 59 What's a good lease deal in Jan 2008? by juna Jan 13, 2008 (9:46 am)
I'm looking to lease an '08 Equinox LS FWD with 12k miles/year for 36-39 months and zero down (except tax, title, license, 1st months pmt, etc.). What is the residual value on these, and what is the lease rate? What kind of monthly payment should I be shooting for? I want to know what a top notch deal would be on a lease for this vehicle.    I basically just want to go into the dealer and say, "If you can give me the car for $XXX per month including taxes, consider it done." And if not, I'll walk out the door. I just need to figure out how much $XXX should be.    BTW, I can get a family discount b/c someone in my immediate family worked for GM for 30+ years. Plus, I have a GM Card with a flyer stating that I can get $3000 earnings top-off (I have $2800 earnings) off select vehicles (Equinox is on the list) in January. How can I figure out what the best monthly payment is based on all of this? Replies to this message: Car_man (Jan 14, 2008 3:46 am) juna (Jan 14, 2008 4:29 pm) Car_man (Jan 15, 2008 2:39 am) and 2 more...

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