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GMC Acadia Lease Questions

232 messages,  Last post on Nov 11, 2009 at 7:45 PM

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What is this discussion about? GMC Acadia, Car Leasing, Car Buying, SUV

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#139 of 232 Re: 2008 Acadia SLT 1 lease- DEAL or NO DEAL [kevinc4] by Car_man HOST Jan 18, 2008 (2:52 am)
Replying to: kevinc4 (Jan 07, 2008 6:47 pm) Hi kevinc4. The 2008 GMC Acadia that you are interested in probably has a spread of around $2,200 between its full MSRP and its dealer invoice price. That puts the selling price that you were quoted at less than $500 over invoice, which is a very good deal. Just make sure that the dealer that you are working with uses GMAC's base lease rate of 8.0% to calculate your monthly payment and you're in business.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#140 of 232 Re: Acq Fee $695??? [carquest4] by Car_man HOST Jan 18, 2008 (2:56 am)
Replying to: carquest4 (Jan 08, 2008 7:41 am) Hi carquest4. The last time that I checked, GMAC charged a $595 acquisition fee on every vehicle that it leases. If I recall correctly, for some reason this fee is actually around $100 more than this in certain states including Connecticut, Rhode Island, and Virginia. Individual dealers do not have the authority to waive this charge, but lessees can often roll it into their vehicle's capitalized cost to make it part of their monthly payment if they don't want to pay it at lease signing.   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
#141 of 232 Re: My Lease Deal -- New GMAC Rates Out Today [baseballmom97] by Car_man HOST Jan 18, 2008 (3:00 am)
Replying to: baseballmom97 (Jan 08, 2008 12:23 pm) Hi baseballmom97. Are you saying that you were able to get the dealer that you are working with to lease you the Acadia that you are interested in at dealer invoice minus the cash incentives? The lease rate looks good, so if you are getting this truck at invoice it is an excellent deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#142 of 232 Re: Leasing an Acadia or Highlander [yankee26] by Car_man HOST Jan 18, 2008 (3:11 am)
Replying to: yankee26 (Jan 09, 2008 6:24 pm) Greetings yankee26. I would be happy to calculate a sample lease payment on the Acadia that you are interested in for you, but in order for me to do so I need you to provide me with the full MSRP and approximate selling price of the exact model that you want.   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
#143 of 232 Re: My deal [starrman1] by Car_man HOST Jan 18, 2008 (3:21 am)
Replying to: starrman1 (Jan 16, 2008 9:09 am) Hi starrman1. Wow that must be a loaded Acadia to get the MSRP all the way up to $46,465. I don't know what this truck's exact dealer invoice price is, but I suspect that it has a margin of around $3,700 between its MSRP and invoice price. If one adds the $500 loyalty cash that General Motors is currently providing on this model (I'm not surprised that this cannot bee stacked with the conquest cash) to that they arrive at a total of around $4,200 to play with. You are being given a discount of over $6,000 on this truck. That is an amazing price. The 8.0% lease rate that you were given is in line with GMAC's current base rate for this model. This looks like an outstanding deal to me.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: baseballmom97 (Jan 18, 2008 10:30 am) waterdr (Jan 19, 2008 9:19 am) Car_man (Feb 22, 2008 2:20 am)
#144 of 232 Re: My deal [Car_man] by baseballmom97 Jan 18, 2008 (10:30 am)
Replying to: Car_man (Jan 18, 2008 3:21 am) Hi Carman, thanks for the reply. As always, I appreciate your help and comments!   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! Replies to this message: waterdr (Jan 19, 2008 9:19 am) Car_man (Feb 22, 2008 2:20 am)
#145 of 232 Re: My deal [starrman1] by baseballmom97 Jan 18, 2008 (10:43 am)
Replying to: starrman1 (Jan 16, 2008 9:09 am) Starrman, that's weird that your payment is $521 and mine is $568 for the same lease time period -- 39 months 12K miles a year. Are you not including sales tax in your payment or are you in a no sales tax state or something?   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! Replies to this message: starrman1 (Jan 18, 2008 6:05 pm)
#146 of 232 Re: My deal [baseballmom97] by starrman1 Jan 18, 2008 (6:05 pm)
Replying to: baseballmom97 (Jan 18, 2008 10:43 am) No sales tax in my state (Oregon). Which is nice if you're buying a car, but crap if you'd like any state services.   The deal I got was advertised at $49 (for any GMC for that matter) over net invoice (invoice-advertising-holdback-rebates). The dealership wasn't that close to me (2 hours drive) so I asked my local dealerahip to meet it...and they did.
#147 of 232 Re: My deal [baseballmom97] by waterdr Jan 19, 2008 (9:19 am)
Replying to: baseballmom97 (Jan 18, 2008 10:30 am) Looks like a very nice deal, but these trucks are still not leasing in a manner that i would consider a "jump on" situation. I know leasing gets very complicated, but this is a rule that always seems to work for me.   A great lease should be around 1% of the MSRP for a standard-type comparison. Naturally, the shorter the term and the fewer the miles, the lower the payment.   Volvo, for example, was running a lease program around here recently. On a $42k MSRP vehicle, the payment was $385 per month with $3k due at signing. Even with the $3k, you are still around 1%.   By next year, no doubt, these new GM vehicles will be leasing for around 1% of the MSRP and certainly 1.25%.   I know that there is a lot of talk about cap reductions, interest rates, lease factors, and residuals, but if you just follow the 1% rule, then none of that other stuff really matters. At the end of the day, all a leaser cares about is the payment anyway.
#148 of 232 Acadia Lease Questions by jacsdad Jan 21, 2008 (2:28 pm)
I'm hoping someone can figure out what I've messed up here... I'm using the Edmund's calculator to figure a lease payment, but can't get the same payment the dealer is quoting. Here are the details:  MSRP 41,410  Invoice 38,307  My Price 38,895 Conquest Rebate 500 Down signing 2,311 for tax, fees etc (plus 1st month's payment) Residual 62% Money Factor 6.5% (they quote APR, not factor...not sure why it's not the 8% I've been seeing from other posts) Sales Tax (Nassau County NY) 8.625%   I plug this all in and get a 471.47 payment for 39 months. Dealer quotes it as $517/mo.   So what am I missing? And are those terms considered decent? Thanks.... Replies to this message: Car_man (Feb 22, 2008 2:26 am) yaggie1 (Mar 20, 2008 9:21 am)

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