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Prices Paid: Buying & Leasing Experiences GMC Acadia Lease Questions
206 messages, Last post on Jun 30, 2008 at 10:40 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Just wanted to post my deal here and see what you all think...I think I did OK. Pretty much a fully loaded Acadia- MSRP- $46,465 Negotiated price- $40,027 Lease- $521/mo for 39 mo at 12k a year. Due at signing- $550 security deposit, $521 first payment, $168 license and reg for a total of $1239. I was only able to get a 8% factor...I asked about the 7.25% but they said they was no such thing. Residual = 62% Also, I received the $500 loyalty rebate. They planned to include the conquest rebate but the computer wouldn't let them 'stack the rebates', does anyone know anymore about this. I have both a GM and non-GM vehicle. They even called the regional guy who said they couldn't be together. Anyway, any input would be great. |
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Replying to: beutlerd (Dec 27, 2007 9:30 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: rtadams (Jan 03, 2008 12:09 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: kevinc4 (Jan 07, 2008 7:47 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: carquest4 (Jan 08, 2008 8:41 am) As far as the interest rates that are used to calculate leases go, banks like GMAC publish a list of base rates for the vehicles that they lease. GMAC's current base lease rate for the 2008 GMC Acadia is 8.0%. Dealers can not charge less than this rate, but they are often allowed to mark it up to add additional, hidden profit to deals. This is why it is important to make sure that the dealer you work with uses your vehicle's base rate to calculate your lease payment. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: baseballmom97 (Jan 08, 2008 1:23 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: yankee26 (Jan 09, 2008 7:24 pm) I see that you are considering making a $2,000 down payment on your lease. I always advise consumers not to make down payments on leases. Those who do risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you would be much better off going with a zero down lease. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: starrman1 (Jan 16, 2008 10:09 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jan 18, 2008 4:21 am) Yes, I bought the Acadia from a dealer in Ohio that sells every GMC, Pontiac and Buick at $49 over invoice plus they honor any incentives available so often you can buy under invoice. I think it is an excellent deal for a vehicle that is currently popular and the dealers in my area were offering $1000 over invoice in Oct. '07. Of course, the did try to mark the lease rate up to 9% but when I said that I heard GMAC's current rate was 8%, the finance manger quickly agreed to honor it. I really doubt that they see many customers who actually know the rate. Then they said they just received new info on a 7.25% rate. My lease rate went from an original quote in October of $628 on a 36 month 12K mile lease to $568 on a 39 month 12K mile lease. I'm pretty happy about that. Carman, another question: how does the average consumer find these lease rates without your help? Also, it is strange that I got a lower rate than 8% if that is the published rate that you have seen. It is difficult to get the true info from the dealers. Also, the lease rate appears nowhere on my paperwork so my rate still could have been slightly marked up. Thanks again for all your help and advice!
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Replying to: starrman1 (Jan 16, 2008 10:09 am) FYI for others who are thinking of leasing GM vehicles. I was offered a $525 Lease Protection plan which I bought instead of doing the $550 Security deposit. The Lease Protection plan basically is like insurance that covers any damages up to $5000 -- door dings, scratches etc. It does not cover excess mileage. After getting hit with a big bill on my last leased vehicle, I know that I will have some small issues so it was worth it to me with 2 kids and all their carpooling buddies along with a garage that seems to be attracted to the side of my car! 
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