- #20 of 206
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Re: Just leased 2/26
by hollywood3
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Feb 27, 2007 (6:15 pm)
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Replying to: wristshot19 (Feb 26, 2007 11:02 am)
Just leased GMC Acadia SLT-2 w/ Navigation (Michigan)
SmartLease Agreement
36 Month Lease (12,000 mile)
Capitalized Cost 39,206.86 (MSRP 42,500)
Adjusted Cap. - lease loyalty/Pres. Day $ = 37,206.86
Residual Value 26,992.35
Rent Charge 7288.70
Monthly Payment 515.37 (including tax)
GMS Pricing (President Day cash)
Is this OK, did I get screwed?
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- #21 of 206
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Re: Just leased 2/26 [hollywood3]
by garyss1
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Feb 27, 2007 (9:08 pm)
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Replying to: hollywood3 (Feb 27, 2007 6:15 pm)
How much did you put down? If you put nothing down it seems like a great deal.
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- #22 of 206
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Re: Acadia FWD SLT 1 [garyss1]
by Car_man HOST
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Feb 28, 2007 (4:07 am)
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Replying to: garyss1 (Feb 06, 2007 9:02 pm)
Hi garyss1. This truck's lease payment will vary depending upon what the MSRP and selling price of the exact model that you want are. I would be happy to use General Motors' current lease program for the Acadia to estimate what the monthly payment would be on the truck that you are interested in if you provide me with these numbers.
Car_man
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- #23 of 206
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Re: Acadia SLT [kegels]
by Car_man HOST
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Feb 28, 2007 (4:14 am)
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Replying to: kegels (Feb 07, 2007 12:53 pm)
Hello kegels. Why is insurance includes in your truck's lease payment? You aren't getting insurance through the dealer that you are working with are you? You should arrange that on your own. $500 over invoice is a pretty good price for this truck, assuming that you are not the current owner of a non-GM product. General Motors is currently providing $1,000 "conquest" cash on the 2007 GMC Acadia. That means that anyone who is currently leasing or owns a non-GM vehicle gets an additional $1,000 incentive. There is $500 bonus cash on this truck right now as well. Furthermore, GMAC's current base lease rate for a 36 month lease of this truck is only 7.2%. The rate that you were quoted is higher than this. The bottom line is that $785 per month is a little too much for this truck for my taste. there are a lot of amazing vehicles out there that one can get for $800 per month.
Car_man
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Prices Paid Forum
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- #24 of 206
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Re: Residual [garyss1]
by Car_man HOST
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Feb 28, 2007 (4:16 am)
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Replying to: garyss1 (Feb 09, 2007 9:47 am)
Hi garyss1. General Motors did indeed raise GMAC's residual values for the Acadia. This truck's lease program varies by term and mileage allowance. 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 GMC Acadia with 15,000 miles per year are 7.2% and 60%, respectively.
Car_man
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- #25 of 206
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Re: Good lease? [wristshot19]
by Car_man HOST
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Feb 28, 2007 (4:31 am)
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Replying to: wristshot19 (Feb 20, 2007 10:03 pm)
Hi wristshot19. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Acadia with 12,000 miles per year are 7.2% and 62%, respectively. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 7.2% would be equivalent to a money factor of around .00300. The fact that you are able to get GM's Employee Price on this truck ensures that your lease is based upon an attractive selling price.
Car_man
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- #26 of 206
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Re: Lease numbers [fulano82]
by Car_man HOST
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Feb 28, 2007 (4:34 am)
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Replying to: fulano82 (Feb 23, 2007 5:12 am)
You're right, fulano82. General Motors' lease program for the Acadia and the Outlook are not very attractive right now. At least GM raised their residual values a little from the level that they were originally at. I would be happy to give you an idea of what these truck's lease programs are like, but in order for me to do so I need you to tell me how long you want to lease them for and what mileage allowance you need. I also can work up some sample lease payments for you if you provide me with the full MSRPs and approximate selling prices of the exact trucks that you are interested in.
Car_man
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Prices Paid Forum
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- #27 of 206
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Re: Just leased 2/26 [hollywood3]
by Car_man HOST
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Feb 28, 2007 (4:39 am)
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Replying to: hollywood3 (Feb 27, 2007 6:15 pm)
Hello hollywood3. This looks like a very good deal to me. Congratulations on your new truck. Enjoy!
Car_man
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Prices Paid Forum
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- #28 of 206
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Re: Lease numbers [Car_man]
by fulano82
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Feb 28, 2007 (5:43 am)
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Replying to: Car_man (Feb 28, 2007 4:34 am)
Hey Car_man, i'm looking to lease the SLT-1 with no options for 36 months at 12,000 miles per year. I have not decided yet on wether to get the FWD or AWD. I also qualify for the conquest rebate because I own a none GM vehicle. Is that still available? I'm also looking to put down $3000. I reside in NYC and all the acadias that are coming in all have extra options that i don't really need. I would appreciate all your help. Thanks again.
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- #29 of 206
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Lease Rates, Residuals and Fees (as of 2/28/07)
by optionstrail
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Feb 28, 2007 (2:51 pm)
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Been lurking (and learning) on the board for a few weeks and thought i would share quotes that i've been getting from dealers:
In Central/Northern NJ dealers are quoting the following:
Rates
-36 month, 15k miles/yr....60% residual and 7.2% rate
-48 month, 15k miles/yr....52% residual and 7.2% rate
Fees:
-Bank Acquisition: $695
-Tags and Title: $400
-Documentation: $299
-Tire (NJ specific): 1.50 /tire X 5 tires = $7.50
-Gap Insurance: assuming is tucked away in one of the fees above, since wasn't quoted directly...will need to confirm
Taxes:
-7%: NJ charges as percent of all monthly pymnts upfront at closing
Would be interesting to know what others have been quoted or have paid....
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