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GMC Acadia Lease Questions

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

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

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


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#175 of 232
Re: Acadia lease [bancroft162] by Car_man HOST
Apr 10, 2008 (1:55 am)
Reply

Replying to: bancroft162 (Mar 12, 2008 10:25 am)

Hi bancroft162. The Acadia is actually selling reasonably well, given the current state of the economy and high gas prices. As a result, General Motors still is not providing much in the way of lease support on it in April.
 
Car_man
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#176 of 232
Re: Acadia Lease Questions [sheepdog1] by Car_man HOST
Apr 10, 2008 (1:57 am)
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Replying to: sheepdog1 (Mar 12, 2008 8:32 pm)

Greetings sheepdog1. GMAC's current lease program for this truck varies by term. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. Its current base lease rate and residual value for a 36 month lease of a 2008 GMC Acadia with 12,000 miles per year are 6.25% and 63%, respectively. If by low mileage, you meant 10,000 miles per year this truck's residual value would be 2% higher.
 
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#177 of 232
Re: Can someone review this deal for me? [bancroft162] by Car_man HOST
Apr 10, 2008 (2:16 am)
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Replying to: bancroft162 (Mar 29, 2008 1:23 pm)

Hi bancroft162. The selling price that you were quoted on the Acadia that you are interested in is excellent, especially for an ordered vehicle. Dealers are usually much more anxious to sell vehicles that they already physically have in inventory than they are to place an order for one. The residual value that you were quoted is right in line with GMAC's current resid for this truck. Just make sure that the dealer uses GMAC's current base lease rate of 6.25% to calculate your monthly payment and you're in business. Ask the dealer what rate they are using, they should tell you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#178 of 232
Re: What is GMS? [bancroft162] by Car_man HOST
Apr 10, 2008 (2:19 am)
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Replying to: bancroft162 (Mar 29, 2008 1:25 pm)

Hi bancroft162. GMS pricing is available to consumers who purchase vehicles through General Motors' supplier purchase program. GM employees are usually given coupons that they can use to extend the special low prices that are available through this program to anyone.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#179 of 232
Re: did I get a good deal? [spalme2733] by Car_man HOST
Apr 10, 2008 (2:21 am)
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Replying to: spalme2733 (Mar 30, 2008 4:33 pm)

Hi spalme2733. You mentioned a lot of numbers in your post, but I can't tell what this truck's selling price is. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I am sure that someone here will be happy to give you their opinion of this deal if you let us know what the selling price is.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#180 of 232
Re: What can I get [antney79] by Car_man HOST
Apr 10, 2008 (2:39 am)
Reply

Replying to: antney79 (Apr 02, 2008 10:15 am)

Hi Anthony. I see that you are considering making a $3,000 down payment on your lease. I always advise consumers not to make large down payments on leased vehicles. Lessees who make them risk losing part or all of them if their vehicle is involved in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you will be better off going with a zero down lease.
 
Let's take a look at the selling price that you were quoted. The 2008 Acadia SLT 2WD that you are interested in probably has a spread of around $2,900 or so between its full MSRP and its dealer invoice price. the $2,500 discount that you were quoted on this truck looks very attractive to me.
 
Let's calculate a zero down lease payment on this truck 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 $42,000 and a selling price of $39,500 through GMAC right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $651.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#181 of 232
Re: Just leased 2/26 [Car_man] by ralora
Apr 10, 2008 (7:19 am)
Reply

Replying to: Car_man (Apr 10, 2008 1:54 am)

Car-man,
 
Where can I find the GMAC published lease rates? I was just told by the dealer that it is 8.5% instead of 6.25%. Also, is a dealer fee of $589 about right?
 
Thanks ahead,
Raul
#182 of 232
Is this a good deal? by mig42
Apr 10, 2008 (8:18 am)
Reply
2008 Acadia SLE with a few extras(see below)
 
I've yet to get the invoice from the dealership but here's what I have so far..
 
MSRP $33,850.00
Selling Price $32,005.63 (this is what they emailed me, I haven't negotiated further yet until I see the invoice price)
 
With $0 down, 36 month lease/12000 miles
 
Fees due at lease signing are...
1st months payment, $362 MV fee, $299 Doc fee, $7.50 tire tax, and $450 refundable security deposit.
 
$435 monthly payment incl NJ sales tax
 
here's the vehicle spec...
       
 PEG: 3SA - SLE-1 Pkg
 Primary Color: 80U - Red Jewel Tintcoat
 Trim: 19C - Ebony Cloth
 Engine: LY7 - Engine, 6 Cyl. 3.6L
 Transmission: MY9 - Transmission, Auto. 6-Spd (FWD)
     
 Options: ABB : Seating, 7-Pass. 2,2,3 PZ3 : Wheel, 18" X 7.5" Aluminum Painted
   AP3 : Remote Keyless Entry With Remote Start QLW : Tires, P255/65R18 BW-ALS
   AQ4 : Seat, 2nd Row Captains Chairs U2K : XM-Radio Digital Audio System-S-Band
   AR9 : Seats, Frt. Bucket, Deluxe U42 : DVD Entertainment Pkg. Rear Seat
   ARN : Seat, Rear, 3rd Row, 60/40 Bench, Manual UD7 : Ultrasonic Rear Park Assist
   AY0 : Restraint System, Inf. Driver & Pass & Head Curtain UE1 : OnStar
   CJ2 : HVAC System, Frt. Tri-Zone UH8 : Cluster Inst.-Cool Temp, Trip OD, Tach
   E69 : Liftgate, Rear Manual UK6 : Rear Seat Audio Controls & Headphone Jacks
   FE2 : Suspension System, Ride & Handling UQS : Audio Pkg, Advanced Bose 10-Speaker w/ Surround Sound
   NC7 : Emissions Override, Federal UVA : Radio, DVD, CD, AM/FM Stereo, MP3, RDS
   NE1 : Northeast Emissions (CT/MA/ME/NY/PA/RI/VT) VK3 : License Plate Frt, Mounting Pkg.
   NK5 : Steering Wheel, Std. Z88 : Market Brand-GMC
   PDD : Convenience Pkg
 
So what do you guys think? how much below the offered selling price should I negotiate?
#183 of 232
Re: Is this a good deal? [mig42] by mig42
Apr 10, 2008 (10:01 am)
Reply

Replying to: mig42 (Apr 10, 2008 8:18 am)

forgot to add
 
Money Factor is .00260
Residual is 62%
 
and I've just been told the invoice is $31, 751
#184 of 232
Re: What where u quoted in NJ? & a few extra Qs on Acadia! [mig42] by Car_man HOST
Apr 11, 2008 (1:26 am)
Reply

Replying to: mig42 (Apr 03, 2008 4:05 am)

Hi mig42. I would be happy to give you an idea of what this vehicle's current lease program is like. GMAC's current base lease rate and residual value for a 36 month lease of a GMC Acadia with 12,000 miles per year are 6.25% and 63%, respectively. Residual values are always based upon a percentage of vehicles' full MSRPs, including the destination charge and the MSRPs of any factory-installed options.
 
You will have better luck getting information on what this truck's CD player, leather, etc. are like by hopping on over to the "2008 GMC Acadia".
 
On an unrelated note, I saw one on the road yesterday and it looked really nice.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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