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GMC Acadia Lease Questions

210 messages,  Last post on Aug 28, 2008 at 3:12 AM

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

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#150 of 210 Re: 2008 SLT - Can You Help Me With This Deal Please [richwhite34] by kyfdx HOST Jan 21, 2008 (8:29 pm)
Replying to: richwhite34 (Jan 21, 2008 4:21 pm) You don't pay interest on the payment..   You pay interest on the outstanding balance of the lease.. more or less, just like a car loan...   So, your balance starts with the selling price, and ends with the residual amount. Your average amount financed is the average of the selling price (or cap cost) and the residual.   (Cap cost + residual) / 2 = Average balance. Average balance X 8% interest = annual finance charge Annual finance charge / 12 = monthly finance charge   That equals about $250/mo..   Add that amount to $351 to get your monthly pre-tax payment.   That is a simplified way of looking at it.. the actual calculation is a little different, and will probably result in a slightly higher payment.   Regards, kyfdx Replies to this message: richwhite34 (Jan 21, 2008 8:47 pm) kyfdx (Jan 21, 2008 8:51 pm)
#151 of 210 Re: 2008 SLT - Can You Help Me With This Deal Please [kyfdx] by richwhite34 Jan 21, 2008 (8:47 pm)
Replying to: kyfdx (Jan 21, 2008 8:29 pm) Thank you very much for the lesson.....very helpful!!   So..... I now have come up with a payment of about $600.00/month for this vehicle applying .075 in monthly county taxes. Would this be a good deal in your opinion, or could I grind it down more? If I can squeeze more out of the deal which levers do I pull.....Cap Cost, Residual, Interest Rate???   I thank you all for your advice and opinions! Replies to this message: kyfdx (Jan 21, 2008 8:51 pm)
#152 of 210 Re: 2008 SLT - Can You Help Me With This Deal Please [richwhite34] by kyfdx HOST Jan 21, 2008 (8:51 pm)
Replying to: richwhite34 (Jan 21, 2008 8:47 pm) Sorry... I don't really have an opinion on the price.. Your fellow CarSpace members that are shopping for the same vehicle are a much better resource.   For actual prices paid, not just lease numbers, check out this discussion:   GMC Acadia Prices Paid and Buying Experience   regards, kyfdx
#153 of 210 Q to kyfdx HOST by vad1819 Jan 22, 2008 (10:39 am)
How to calculated residual value for Acadia? I have one in Smart buy, it SLE 31000 sticker price, trade-in $4300 plus $500 GM rebate my payment $330 a month, 8% intrest rate. So my option to buy after 48 month will be $16,000. So it may be no reason to buy out after 48 month?
#154 of 210 Current GMAC Base Lease Rate by richwhite34 Jan 22, 2008 (5:48 pm)
Where would I go to on the internet to find GMAC's current Base Lease Rate? I was just told that .08% is in effect. I saw in a recent post that someone had received .0725% Please help. Thank you! Replies to this message: ilguy (Jan 27, 2008 8:07 pm) richwhite34 (Jan 29, 2008 10:17 am) ilguy (Feb 21, 2008 11:43 am)
#155 of 210 Re: Current GMAC Base Lease Rate [richwhite34] by ilguy Jan 27, 2008 (8:07 pm)
Replying to: richwhite34 (Jan 22, 2008 5:48 pm) A local dealer in the Chicago area has quoted me a base rate of 6.25% on the Acadia lease. If you have a top tier credit score, drive for a lower rate. It is there. Replies to this message: richwhite34 (Jan 29, 2008 10:17 am) ilguy (Feb 21, 2008 11:43 am)
#156 of 210 Re: Current GMAC Base Lease Rate [ilguy] by richwhite34 Jan 29, 2008 (10:17 am)
Replying to: ilguy (Jan 27, 2008 8:07 pm) When exactly did you receive that quote? Replies to this message: ilguy (Feb 21, 2008 11:43 am)
#157 of 210 Re: Current GMAC Base Lease Rate [richwhite34] by ilguy Feb 21, 2008 (11:43 am)
Replying to: richwhite34 (Jan 29, 2008 10:17 am) Sorry for the long delay in answering. I received that number the first week in February. I have since closed a deal. The dealer was in the Southwest Suburbs.
#158 of 210 Re: My deal [baseballmom97] by Car_man HOST Feb 22, 2008 (3:20 am)
Replying to: baseballmom97 (Jan 18, 2008 11:30 am) You're very welcome, baseballmom97. The answer to your question is that the average consumer probably does not know what the base lease rate or money factor for the vehicle that they are interested in should be unless they are able to find out in a forum like this one or they are able to narrow it down by comparison shopping with several dealers.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#159 of 210 Re: Acadia Lease Questions [jacsdad] by Car_man HOST Feb 22, 2008 (3:26 am)
Replying to: jacsdad (Jan 21, 2008 3:28 pm) Greetings jacsdad. It's difficult to say why the lease rate that you were quoted on the Acadia that you are interested in is lower than GMAC's base lease rate for it. Perhaps GMAC's lease program is so bad that the dealer is running your lease through an independent bank. If so, you would be able to take advantage of the $500 customer cash that is available on this truck.   Let's calculate a sample lease payment using the numbers that you provided and see what we come up with. According to my calculations, if you were to lease a 2008 GMC Acadia that has an MSRP of $41,410, a selling price of $38,395, a lease rate of 6.5%, and a residual value of 62% for 39 months, your zero down, pre-tax monthly payment should be around $499.70. Once sales tax is added to this, it is probably pretty close to the $517 per month that the dealer quoted you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: yaggie1 (Mar 20, 2008 10:21 am)

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