- #194 of 232
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Car Man Where are You
by cvlav
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Apr 24, 2008 (11:41 am)
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- #195 of 232
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Car Man Where are You
by cvlav
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Apr 24, 2008 (11:42 am)
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Any response to my prior post of 4/11/08...pleae advise
Thanks
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- #196 of 232
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Re: Is this a good deal? [mig42]
by cvlav
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Apr 24, 2008 (11:43 am)
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Replying to: mig42 (Apr 10, 2008 8:18 am)
Did you ever consumate this deal...if so how much was the invoice and/or sales price
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- #197 of 232
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Re: Just leased 2/26 [Car_man]
by msteller
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May 02, 2008 (4:09 pm)
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Replying to: Car_man (Apr 11, 2008 2:12 am)
Hi Car_man,
I too cannot find a dealership in my local area (I have contacted 4) who will extend a lease rate of less than 8% to any customer. What would you advise?
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- #198 of 232
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Re: Acadia's April 08' lease rate & residual [ralora]
by Car_man HOST
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May 08, 2008 (2:13 am)
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Replying to: ralora (Apr 22, 2008 12:30 pm)
Hi ralora. I am absolutely positive that GMAC's base lease rate on the 2008 GMC Acadia is currently 6.25%. This is one of GM's most popular vehicles, so it is not surprising that dealers are trying to mark up its lease rate. If you comparison shop with a few dealers, you should be able to find one that is willing to let you use this truck's base lease rate to calculate your monthly payment. If not, then this is what you will have to pay to lease one in your area right now.
Car_man
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- #199 of 232
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Re: Acadia's April 08' lease rate & residual [Car_man]
by ralora
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May 17, 2008 (6:57 am)
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Replying to: Car_man (May 08, 2008 2:13 am)
Car_man, I've contacted every possible dealer I could in my area and they all came out with 8% instead of the 6.25%. In addition a family member ordered the leasewise report from carbargains.com, which is a service we have used for the past 10 years with great results, and all the dealers quoted at 8% based on GMAC's base lease rates. The residual also came out at 60% instead of 62%. This will put a base Acadia w/o any options priced at invoice with a $500 doc fee & Adv. fee of $550 (1.5% of MSRP w/o Freight) right at $621/mo on a 36/15 lease. Any other suggestions? What do I need to do in order to get the 6.25% rate & 62% rv in writing?
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- #200 of 232
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Can You Please Answer My Inquiry
by cvlav
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Jun 02, 2008 (5:39 pm)
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Dear Car Man...can you please answer my priro inquiry of 4/11/08
Thanks
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- #201 of 232
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Re: Is this correct in coming up with monthly payments [antney79]
by djhalptert
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Jun 02, 2008 (8:07 pm)
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Replying to: antney79 (Apr 11, 2008 8:18 am)
I'm not "CAR_MAN" but it is pretty obvios that you can't take the 36 month residual and use it on a GM SMART BUY 48 month term. You should be looking for a 48 month residual that would be #2 on your equation. You are using 36 month residual then dividing it by 48 month term. Not gonna work. Why do you want to lease for 48 months anyway?
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- #202 of 232
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Re: Acadia's April 08' lease rate & residual [ralora]
by Car_man HOST
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Jun 05, 2008 (2:24 am)
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Replying to: ralora (May 17, 2008 6:57 am)
Hi ralora. Unless there is some regional variation in GMAC's lease program that I am unaware of, which is unlikely, the dealers that you are working with are taking advantage of the fact that the Acadia is one of the few "hot" vehicles that General Motors has right now and they are attempting to mark your truck's base lease rate up to add additional, hidden, back-end profit to your deal. This sort of thing is perfectly legal and it happens quite often on popular vehicles. If you can't find a single dealer in your area to use the base rate, that's just what the market dictates right now and there probably isn't much that you can do about it.
Car_man
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- #203 of 232
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Re: Acadia's April 08' lease rate & residual [Car_man]
by ralora
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Jun 05, 2008 (6:04 am)
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Replying to: Car_man (Jun 05, 2008 2:24 am)
Thanks Car_man for all the info you've provided me. It took me a while to figure out what was going on, but you're right the market I'm at is simply dictating this practice not only on this vehicle but on an all of the other vehicles I've looked at lately. I've changed my mind from a crossover/suv back to a sedan and I'm currently looking at the Infiniti G35 which seems to be a somewhat slower selling vehicle with a very high residual value, thus making it very attractive for lease purposes.
RL
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