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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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#184 of 210
Re: What where u quoted in NJ? & a few extra Qs on Acadia! [mig42] by Car_man HOST
Apr 11, 2008 (2:26 am)
Reply

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
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#185 of 210
Re: Latest offer, fair? [antney79] by Car_man HOST
Apr 11, 2008 (2:35 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#186 of 210
Re: Fair Quote? [bkg223] by Car_man HOST
Apr 11, 2008 (2:56 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#187 of 210
Re: Acadia's April 08' lease rate & residual [ralora] by Car_man HOST
Apr 11, 2008 (3:08 am)
Reply

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
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Prices Paid: Buying & Leasing Experiences Forum
#188 of 210
Re: Just leased 2/26 [ralora] by Car_man HOST
Apr 11, 2008 (3:12 am)
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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
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Prices Paid: Buying & Leasing Experiences Forum
#189 of 210
Is This A Good Deal ? by cvlav
Apr 11, 2008 (5:33 am)
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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 210
Is this correct in coming up with monthly payments by antney79
Apr 11, 2008 (9:18 am)
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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
#191 of 210
Re: Is this a good deal? [mig42] by cvlav
Apr 12, 2008 (7:52 am)
Reply

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?
#192 of 210
Re: Acadia's April 08' lease rate & residual [Car_man] by ralora
Apr 14, 2008 (5:32 am)
Reply

Replying to: Car_man (Apr 11, 2008 3:08 am)

Car_man, thanks for your reply and info. I'm looking at 36 or 39 mo. lease w/ 15k so the 60% residual matches what the dealers have been telling me. The problem is on the rate. I've called four dealers and they are all telling me the rate is 8% & they are all showing me this from the incentives list at cars.com. My dilema is how can I show or prove them the 6.25 instead of the 8 they are all telling me? I understand there is also dealer fee and/or document fee, could you tell me from experience around how much this should be? And last, does GMAC requires a deposit on all leases and if so around how much?
 
Thanks ahead,
RL
#193 of 210
Re: Acadia's April 08' lease rate & residual [ralora] by ralora
Apr 22, 2008 (1:30 pm)
Reply

Replying to: ralora (Apr 14, 2008 5:32 am)

Car_man,
 
Anything on this?
 
Thanks,
RL

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