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GMC Envoy: Lease Questions

94 messages,  Last post on Jul 18, 2008 at 9:39 AM

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What is this discussion about? GMC Envoy, GMC Envoy XL, GMC Envoy XUV, Car Leasing, SUV

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#91 of 94 Re: Help with leasing an Envoy [smks1026] by Car_man HOST Dec 27, 2007 (3:28 am)
Replying to: smks1026 (Nov 17, 2007 7:12 pm) Hi smks1026. Since you are not completely familiar with how leasing works, you definitely should check out the following informative articles that are available here at Edmunds.com prior to doing any more negotiation: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   The best way to get a good deal on the Envoy that you want is to negotiate as low a selling price as possible on it and then have the dealer subtract all of the available cash incentives from that price. Once you have arrived at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using GMAC's base lease rate of 6.65%.   I see that you are considering using the just under $4,000 in equity that you have in your trade as a down payment for your lease. I always advise consumers not to make down payments when leasing. Those who do risk losing the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. There's nothing wrong with trading in your current vehicle when you lease a new one, but you should have the dealer cut you a check for it rather than using the proceeds as a capitalized cost reduction for your new lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#92 of 94 What's a top notch lease deal? by juna Jan 13, 2008 (9:37 am)
I'm looking to lease an '08 or '07 Envoy SLE 4WD 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 (Envoy 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 18, 2008 3:35 am)
#93 of 94 Re: What's a top notch lease deal? [juna] by Car_man HOST Jan 18, 2008 (3:35 am)
Replying to: juna (Jan 13, 2008 9:37 am) Hey juna. Here's the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Envoy SLE 4WD with 12,000 miles per year are 6.65% and 58%, respectively. The lease rate for an otherwise identical 39 month lease would be the same, but the residual value would be 1% lower. General Motors is no longer providing lease support on 2007 models. I would be happy to use the above lease program to estimate what your truck's monthly payment should be for you, but in order for me to do so I need you to provide me with its MSRP and approximate selling price. You can use the formula that is outlined in the following article to calculate a payment if you want to do it on your own: Calculate Your Own Lease Payment. You should be able to get a heck of a discount if you are able to lease this truck at GM's supplier price minus $3,000 in GM Card earnings.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#94 of 94 08 Envoy Denali lease by gmfan3319 Jul 18, 2008 (9:39 am)
Hello, I am a new member and the reason for joining is to see how much I would be looking at for a 39 month lease for a GMC Envoy Denali. The total MSRP, according to GMC's website is $38,500. Below ar some details: -$0 down or $1,000 down -I live in Rochester, NY -12,000 Miles per year   With supplier cost and any GM incentives, what would my payments look like. I would like to pay, at the maximum, $450/month. Please let me know what I need to do to get there. Thanks!

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