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GMC Acadia Lease Questions

206 messages,  Last post on Jun 30, 2008 at 10:40 AM

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

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#182 of 206 Is this a good deal? by mig42 Apr 10, 2008 (9:18 am)
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? Replies to this message: mig42 (Apr 10, 2008 11:01 am) cvlav (Apr 12, 2008 7:52 am) cvlav (Apr 24, 2008 12:43 pm)
#183 of 206 Re: Is this a good deal? [mig42] by mig42 Apr 10, 2008 (11:01 am)
Replying to: mig42 (Apr 10, 2008 9:18 am) forgot to add   Money Factor is .00260 Residual is 62%   and I've just been told the invoice is $31, 751
#184 of 206 Re: What where u quoted in NJ? & a few extra Qs on Acadia! [mig42] by Car_man HOST Apr 11, 2008 (2:26 am)
Replying to: mig42 (Apr 03, 2008 5:05 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
#185 of 206 Re: Latest offer, fair? [antney79] by Car_man HOST Apr 11, 2008 (2:35 am)
Replying to: antney79 (Apr 03, 2008 12:35 pm) Hey antney79. The lease rate and residual value that you were quoted are right in line with GMAC's current program for this model. That is a good thing. Now let's take a look at its selling price. The truck that you are interested in probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. This is almost the exact discount that you are being given, which means that this is a good selling price. If you currently own or are leasing a GM vehicle, you are eligible for a special $500 owner loyalty cash incentive. Make sure to take that into account if you are eligible for it.   Despite the fact that all of the negotiable aspects of this deal look great, the monthly payment looks too high. I just used the numbers that you mentioned in your post and I came up with a zero down, pre-tax monthly payment of around $527. You definitely need to get together with the dealer to see why the payment that they quoted you is so much higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#186 of 206 Re: Fair Quote? [bkg223] by Car_man HOST Apr 11, 2008 (2:56 am)
Replying to: bkg223 (Apr 04, 2008 1:40 pm) Hi bkg223. The lease rate and residual value that you were quoted are right in line with GMAC's lease program for this truck. Furthermore, its selling price should be good as well if you are getting it through GM's supplier purchase program. I suspect that this is an excellent deal, but I would be happy to double check that the payment is correct for you if you provide me with its selling price.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#187 of 206 Re: Acadia's April 08' lease rate & residual [ralora] by Car_man HOST Apr 11, 2008 (3:08 am)
Replying to: ralora (Apr 06, 2008 10:48 am) Hi ralora. I can provide you with the information that you are looking for. This truck's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Acadia with 15,000 miles per year are 6.25% and 60%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: ralora (Apr 14, 2008 5:32 am) ralora (Apr 22, 2008 1:30 pm) Car_man (May 08, 2008 3:13 am) and 4 more...
#188 of 206 Re: Just leased 2/26 [ralora] by Car_man HOST Apr 11, 2008 (3:12 am)
Replying to: ralora (Apr 10, 2008 8:19 am) Hi Raul. I am not aware of any resource that provides information on manufacturers' lease programs to the general public. However, I can assure that the lease rate that I mentioned is correct. If the dealer that you are working with quoted you a higher rate than this, they are trying to mark your truck's rate up to add additional, hidden back-end profit to your deal. I suggest that you try comparison shopping with another dealer or two in your area. If you are in an area that has a decent level of competition, you shouldn't have much trouble finding a dealer who is willing lease you an Acadia using GMAC's base rate.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: msteller (May 02, 2008 5:09 pm)
#189 of 206 Is This A Good Deal ? by cvlav Apr 11, 2008 (5:33 am)
I have just started shopping for a lease on a 2008 Acadia SLE   Here are the details:   MSRP: $33,580.00 Invoice $31,988.58 (which includes a charge for "Advert/Adjustments of 656.90/is this waivable or is it imposed/mandated by GMAC) Vehicle Price: $32,200 Rebates serving as s cash down $1,500 Net cost of Vehicle les rebates: $30,700 Rate: 6.25% Residual Factor: 62 Net Residual Value 20,819.60 Security deposit: $475 (is this discretionary with dealer or mandated by GMAC) Administration Fee: $695 (is this discretionary with dealer or mandated by GMAC)   0 down with all fees and sales taxes rolled into monthly payment   MOnthly Payments - $455.69   Extra Options for this 2008 Acadia SLE:   PCM- Preferred Package PDD - COnvenience Package XA7- Windshield Washer Fluid System , heated   In addition to answering the questions as to the waivablity by dealer of Admin fee, security deposit and Advert/adjust fee, is this a good deal?
#190 of 206 Is this correct in coming up with monthly payments by antney79 Apr 11, 2008 (9:18 am)
Car Man, you replied to my post previous. Can you verify the below information is the correct way of coming up with a lease payment? If it is, how do I convey that to the dealership that this is where the price needs to be?   2008 Acadia- SLT2 FWD (Nav, Rear DVD, Sun Roof, HID and HUD) 1. Sticker Price of the car + options $42,765.00 2. Times the residual value percentage X .52% 3. Equals the residual value = $22,237.80 4. Invoice price of car minus incentives (net capitalized cost) $39,756.00 5. Minus the residual (From line 3) - $22,237.80 6. Equals the depreciation over 36 months = $ 17,518.20 7. Depreciation (Line 6) divided by term in months ÷ 48 8. Equals the monthly depreciation payment = $ 364.97 9. Net capitalized cost (From line 4) $39,756.00 10. Plus the residual (From line 3) + $22,237.80 11. Equals = $61,993.80 12. Times the money factor X .0026041 13. Equals money factor payment portion = $ 161.44 14. Monthly depreciation payment (from line 8) $ 364.97 15. Plus money factor payment portion (from line 12) + $ 161.44 16. Equals bottom-line monthly lease payment = $ 526.41   Dupage (7.25%) Sales tax added- 526.41*.0725=38.17 Total payment with taxes is= $564.58 Replies to this message: djhalptert (Jun 02, 2008 9:07 pm)
#191 of 206 Re: Is this a good deal? [mig42] by cvlav Apr 12, 2008 (7:52 am)
Replying to: mig42 (Apr 10, 2008 9:18 am) See my post below which has a monthly payment of a bit more with an MSRP of a bit less   What dealership gave you this price quote in the NJ area?

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