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Chevrolet Impala Lease Questions

39 messages,  Last post on Jul 07, 2008 at 3:29 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Chevrolet Impala, Car Leasing, Car Buying, Sedan


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#10 of 39
HOST: Did I get ripped off? by pgh111
Oct 27, 2006 (9:43 am)
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Dear host, I leased my 3LT on Saturday 10/21, I only received $2000 lease cash. I am in Pittsburgh, PA, should I have received $2500 in lease cash? If so, I am guessing I have no recourse do I?
#11 of 39
Re: HOST: Did I get ripped off? [pgh111] by Car_man HOST
Oct 31, 2006 (5:46 am)
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Replying to: pgh111 (Oct 27, 2006 9:43 am)

Hi pgh111. I wouldn't say that you were ripped off. GMAC is currently only providing $2,000 lease cash on this car. GM is providing an additional $500 bonus cash on it that one should be able to use to their advantage when negotiating its selling price. What was the MSRP and selling price of your car? If you let me know I will be happy to tell you what I think of the deal that you got on it.
 
Car_man
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#12 of 39
Re: HOST: Did I get ripped off? [Car_man] by pgh111
Oct 31, 2006 (8:41 am)
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Replying to: Car_man (Oct 31, 2006 5:46 am)

Dear host,
 
I leased an Impala 3LT with an MSRP of $28,055. The purchase price of the car was $27,218. The residual for 3 yrs/10k per year was 57% and the rate was 4.0%. I had a coupon that bumped my GM points up by $1000, so I had a total of $2500 in GM Points. I suspect that the $500 bonus couldn't be used in conjunction with the extra $1000 the offered me. So in total my cap. cost was reduced by $4500 with the lease cash and gm points. I suspect I could have done a little better with the purchase price, by my estimate, about $500. What are your thoughts on this deal?
#13 of 39
Re: HOST: How does this sound? by u03128007
Oct 31, 2006 (5:29 pm)
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LTZ MSRP 28130 Sale Price 27032 Lease csh 2500 Net 24532
I WAS QUOTED 359/month for 36 month 12K mpy with 1290.80 due at start for 1st month, taxes, tags. If I use your 52% residual and 4% interest the calculation comes close to the 359. I am in Pennsylvania but dealing in Delaware. I'm not sure how the tax works. Delaware has no sales tax but PA is 6% and there might be an additional 3% on leased vehicles. Also might it be better to pay the tax up-front and use it as income tax deduction rather than spread it over the 3 years?
#14 of 39
Re: LTZ Lease Specs [Car_man] by alfred8
Nov 01, 2006 (5:25 pm)
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Replying to: Car_man (Oct 27, 2006 2:21 am)

Hello Car_man. Thanks for the reply. The 5 dealers in Metro Detroit I checked with are only offering $1880. lease cash with no bonus cash. GM says on their web page that they have $500. bonus cash on the Grand Prix but not the Impala in regards to leasing for GMS pricing. In your opinion are they holding out on me? Thanks again.
#15 of 39
LTZ lease by bheist
Nov 08, 2006 (10:17 am)
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Took possession of an 07 LTZ fully loaded including pin stripes & door edge guards, Imperial blue, gray interior, on 11/3. MSRP $28130 + the stripes & guards. $27031 + 595 acquisition, + transfer & doc fees. 3yr/12k a year 54% residual, 4% finance, $2000 lease cash + $2000 in GM points, + $4000 for a trade. After initial quotes of $330+ a month it came down to about $196. Might have been able to push it down a small amout more but am happy with the experience. The manager told me the cash back number is zip code dependent.
#16 of 39
Re: HOST: Did I get ripped off? [pgh111] by Car_man HOST
Nov 29, 2006 (3:58 am)
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Replying to: pgh111 (Oct 31, 2006 8:41 am)

Hi pgh111. There isn't much of a margin between this car's MSRP and dealer invoice price, only about $1,300 on the car that you described. As a result, the $837 dealer discount that you received really is not as bad as you think it is. It amounts to around $500 over invoice or so. This lease rate that you were quoted for this car is right in line with GMAC's base rate for this model. As long as you received all of the available cash incentives on it, you indicated that you did, I would say that this is a good deal. Enjoy your new ride.
 
Car_man
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Prices Paid Forum
#17 of 39
Re: HOST: How does this sound? [u03128007] by Car_man HOST
Nov 29, 2006 (4:02 am)
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Replying to: u03128007 (Oct 31, 2006 5:29 pm)

Hello u03128007. The selling price that you were quoted on this car looks reasonable to me. The lease cash that the dealer told you about looks right as well. This looks like a good deal to me. Unfortunately,m as a Pennsylvania resident you cannot avoid paying sales tax on this car by purchasing it in Delaware. You will eventually get billed for PA tax on this car when you go to register it in your home state. I normally roll sales tax into my vehicle's lease payments. I don't know what your specific tax situation is like so it is difficult for me to say whether it would be to your advantage to pay all of this car's tax at lease signing and use it as a deduction.
 
Car_man
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Prices Paid Forum
#18 of 39
Re: LTZ Lease Specs [alfred8] by Car_man HOST
Nov 29, 2006 (4:04 am)
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Replying to: alfred8 (Nov 01, 2006 5:25 pm)

Hi alfred8. I believe that General Motors is offering $2,000 lease cash on the '07 Impala in all of its regions. It's difficult to say why you were quoted such an odd number, $1,880. It's only a $120 difference, perhaps the dealers in your area are using part of the cash to pay a local ad fee, or something like that.
 
Car_man
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Prices Paid Forum
#19 of 39
Re: LTZ lease [bheist] by Car_man HOST
Nov 29, 2006 (4:05 am)
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Replying to: bheist (Nov 08, 2006 10:17 am)

Congratulations on your new car, bheist. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride!
 
Car_man
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Prices Paid Forum

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