- #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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- #204 of 232
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My turn in the box...
by bobinchitown
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Jun 10, 2008 (5:18 pm)
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I just left the dealer where I got the price( $39,500), residual (60%) and lease rate (6.25) all with no haggling (SLT2/AWD & a few options) bringing the MSRP to $41,185. I used the Edmunds calculator and the manual system (like antney79 above) and figured the 36mo/45k lease to be ~$627.00.
So why do they whip out their calculation and it says $680.00? What is the dealer or GM doing to inflate the figure by $50 a month or $1800 for the lease term?
Any help would be appreciated.
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- #205 of 232
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Re: Acadia's April 08' lease rate & residual [ralora]
by Car_man HOST
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Jun 25, 2008 (1:49 am)
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Replying to: ralora (Jun 05, 2008 6:04 am)
You're very welcome, ralora. You're not alone in your switch from an SUV to a sedan. With gas prices at over four bucks per gallon myself and a million other people are doing the same thing. The G35 Sedan is a nice car. You'll like it.
Car_man
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- #206 of 232
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Is this a fair lease?
by katwhite11
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Jun 30, 2008 (9:40 am)
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Hi Car_man,
I just left the dealership and was offered the following lease options on a 2008 GMC Acadia. Can you (or anyone else) tell me if this is a good deal? I pulled this info off the invoice that the salesman gave me.
FWD SLT-1
Summit White
ACX Hit the road package
E61 Power liftgate
FE9 50-state emissions
LY7 3.6L VVT Vg Engine
MY9 6 speed transmission
PDD Conv Package remote start, rear parking assist
PDM Cargo shade & Cardo net
U42 Entertainment system
VK3 front license plate bracket
Total Model & options 34,647.88 plus destination charge 1,135.20 plus advertising charges 378.40 for total invoice of $36,161.48.
Dealer offered me a purchase price of $34,500 including all incentives, etc.
The 36 month 15K lease payment is 461.92, 39 month 15K lease payment is 452.56. This includes $3,500 for my trade in of a 2001 Ford Expedition with 130,000 miles on it.
Without the trade in the payments would be 561.59 for 39 months and 578.71 for 36 months.
I questioned the dealer about the lease rate factor and didn't get a straight answer.
Is this a good deal?
A response ASAP would be appreciated!
Thanks!
Katwhite
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