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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 6 of 22

#46 of 214 Re: 2010 leases? [timmboj] by Car_man HOST

Aug 20, 2009 (3:24 am)

Replying to: timmboj (Aug 18, 2009 3:59 am)
Hi timmboj. Lease cash is essentially like consumer cash that is available on leases. You should take it into account when negotiating the selling price of the truck that you want to lease.
 
That's a good question about the tax credit. It might apply to leased vehicles, but they technically are in the bank's name not yours. Hmmmm, I think that an accountant would be more qualified than myself to answer that one. The FAQ section for this program (link) on the IRS site doesn't even address this issue.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#47 of 214 Re: 2010 leases? [timmboj] by runox

Aug 20, 2009 (6:23 pm)

Replying to: timmboj (Aug 18, 2009 3:59 am)
Tax credits do not apply to leased vehicles.

#48 of 214 Re: 2010 leases? [Car_man] by rienthusiast

Aug 26, 2009 (12:05 pm)

Replying to: Car_man (Aug 18, 2009 3:12 am)
Without the residual values for the car it is impossible to calculate the monthly lease payment. Do you have the residual values for the 2010 Equinox for both 12,000 and 15,000 mile leases with a 3 year term? Thanks.

#49 of 214 Re: 2010 leases? [lablover2] by ellery8

Aug 29, 2009 (7:55 am)

Replying to: lablover2 (Jul 28, 2009 4:15 am)
Hi,
 
There is an article on GM getting back into leasing dated Aug 10th or 11th byTim Higins of the Detroit Free Press. The 2010 Equinox was listed amoung the models.
 
I test drove a 2010 4cyl AWD LT1 and think they have a real winner if it holds up in reliability and quality. I have GM Card money that I would like to apply to an Equinox lease if it is attractive. The 2010 Equinox competes against the Honda CR-V and Toyota Rav-4 which have attractive leases recently. If GM puts out an attractiive lease I think they can convert the Honda and Toyota customers if the Equinox is as good as it appears.
 
Don Mc

#50 of 214 Re: 2010 leases? [rienthusiast] by Car_man HOST

Sep 04, 2009 (3:04 am)

Replying to: rienthusiast (Aug 26, 2009 12:05 pm)
You are correct, rienthusiast. It wasn't easy to find, but I was able to get a hold of GMAC's residual values for this vehicle. Its current 36 month, 15,000 mile per year resid for the 2010 Chevrolet Equinox varies from 40% to 44%, depending upon what trim level you get. If you describe the exact Equinox that you're interested in, I will gladly tell you what the exact resid is for that trim level.
 
The last time that I checked, GMAC added 3% to its 15,000 mile per year residual values for leases with only 12,000 miles per year.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#51 of 214 Car man: 2010 Equinox lease price? by wanny

Sep 05, 2009 (5:24 pm)

Car man,
 
Can you please give me the lease pricing on a 2010 equinox LT1 with AWD msrp $26500, gms pricing of $24500 with 0 down, 39m at 12k miles please? Thank you so much!

#52 of 214 Re: Car man: 2010 Equinox lease price? [wanny] by Car_man HOST

Sep 14, 2009 (4:20 am)

Replying to: wanny (Sep 05, 2009 5:24 pm)
Hi wanny. Let's work up a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2010 Chevrolet Equinox LT1 AWD that has an MSRP of $26,500 and a selling price of $24,500 through GMAC this month for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $391.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#53 of 214 Car Man - 2010 Equinox Lease Price by slem1842

Sep 14, 2009 (7:39 am)

Hello Car Man,
 
I am interested in leasing a 2010 Chevy Equinox LT2 FWD with Rear DVD Entertainment. I read your earlier posts referencing lease rates (In most states it is running a special lease through GMAC featuring a lease rate of 3.0% again for 36 to 39 months.) and residuals (40%-44% depending on trim line). I was wondering if the lease rates have changed for September and what the residual would be for the LT2? I could potentially be interested in leasing for 36 - 48 months and definitely need 15,000 miles.
 
Thank you,
James

#54 of 214 Re: Car Man - 2010 Equinox Lease Price [slem1842] by Car_man HOST

Sep 29, 2009 (3:14 am)

Replying to: slem1842 (Sep 14, 2009 7:39 am)
Hello James. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Equinox LT2 FWD with 15,000 miles per year are 2.25% and 41%, respectively. The numbers for an otherwise identical 48 month lease are 2.55% and 33%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#55 of 214 Press request by KarenS HOST

Oct 07, 2009 (10:25 am)

A reporter is looking to speak to consumers who recently leased a GM or Chrysler vehicle in the past two months . Please send your daytime phone number to ctalatiedmunds.com by Thursday, October 8, 2009.

Messages Page 6 of 22

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