Ask the Car People.SM


Chevrolet Equinox: Lease Questions

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

You are in the Chevrolet Equinox Forum.

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

    

Messages Page 2 of 22

#5 of 214 Re: 2006 Equinox LT MF and residuals [madmanager1] by Car_man HOST

Apr 20, 2006 (9:14 am)

Replying to: madmanager1 (Apr 13, 2006 6:32 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.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#7 of 214 looking for opinions by shawn11

Apr 29, 2006 (12:02 pm)

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 214 Equinox LS by greg_ny

May 08, 2006 (7:17 am)

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 214 rates, etc., help please by upndwn

May 15, 2006 (7:58 am)

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 214 Re: rates, etc., help please [upndwn] by Car_man HOST

May 18, 2006 (5:08 am)

Replying to: upndwn (May 15, 2006 7:58 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.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#11 of 214 2006 Chevrolet Equinox by fish8

Jun 23, 2006 (3:47 am)

I hope someone can help me. I am going car shopping with my Mother-in-law this afternoon and would like the monthly lease payment on the following car:
 
2006 Chevy Equinox LS
MSRP: $22,385
 
Selling price: $19,193.20
 
Term: 36 or 48 months.
 
Thanks!!!

#12 of 214 Re: 2006 Chevrolet Equinox [fish8] by Car_man HOST

Jul 02, 2006 (9:54 am)

Replying to: fish8 (Jun 23, 2006 3:47 am)
I'd be happy to help you out, fish8. You certainly don't want to give your mother-in-law bad advice . According to my calculations if you were to lease a 2006 Chevrolet Equinox LS 4WD with an MSRP of $22,385 and a selling price of $19,193.20 through GMAC right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $271. The payment for an otherwise identical 48 month lease should be around $253.
 
Car_man
Host
Prices Paid Forums

#13 of 214 Equinox Lease by icedog97

Jul 07, 2006 (4:55 am)

Car Man...
 
Based on your last response, I think my lease deal is "in-line" with what it should be...just thought I'd throw this out there for your review:
 
Equinox LT FWD
Sticker: $23,114.37
Cost Reduction: $4,014.67
Red Cap Cost: $19,099.70
 
Zero down, 39 month lease at 10K miles per year
Montly payment: $256.36 (including tax)
Signed lease on July 4th.
 
I was told the rate was 7.25% (I thought this was high but I didn't run a credit check before, so I don't know what my current score is).
 
Thanks!

#14 of 214 Re: Equinox Lease [icedog97] by Car_man HOST

Jul 10, 2006 (3:18 am)

Replying to: icedog97 (Jul 07, 2006 4:55 am)
Hi icedog97. GMAC's current base lease rate for the 2006 Chevrolet Equinox is 6.5%. GMAC is very lenient in who it approves for its best interest rates, so unless your credit is in really rough shape you should be able to get this rate. Make sure to ask the dealer that you are working with about it.
 
In your post you mentioned this truck's sticker price and a "cost reduction". Is the "cost reduction" that you mentioned a dealer discount or is it a down payment that you are making? I ask because you need to make sure that you are getting a discount on this truck. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them.
 
Car_man
Host
Prices Paid Forums

Messages Page 2 of 22

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement