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Prices Paid: Buying & Leasing Experiences GMC Acadia Lease Questions
231 messages, Last post on Nov 07, 2009 at 10:43 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
is there any way i can get out of my lease on an 07 acadia im not happy with the vehicle.can i trade it in at another car company.i leased at kristal automall in brooklyn ny and they said icant get out of the lease that it would ruin my credit.i feel the vehicle is a lemon.they also said that if i turned it in before the lease was up it would be like a voluntary repo but i would still have to pay for the vehicle.please help me with this.thanks 
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Replying to: chaos42 (Feb 07, 2009 11:28 am) In order to get out of your lease early, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive. You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Feb 24, 2009 3:16 am) 
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Replying to: chaos42 (Feb 28, 2009 6:37 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I'm getting terrible offers from dealers on a 36 month lease. One dealer told me the residual on a 40k car was 18k after 3 years! I'm trying to get one with drive offs for 36mo/15k year. What should I be looking for in terms of a payment? Also, should I go directly through a bank or credit union? thanks.
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Replying to: carnutfan (Apr 10, 2009 2:52 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Hi Car Man: I am seeking info on leasing an 2009 Acadia SLT. I visited my local dealer (los angeles area) and received the typically outrageous first proposal. The numbers they provided are as follows: Sale price of $38,473 (taxes, etc brings it up to about $42,700), cash down of $3,000, lease term of 39 months, Money Factor of .0027, and Residual Value of 37%. This all equates to a monthly payment of $875. As I said, I believe this figure is insane. I think the money factor is actually fair, but the residual value is a joke and I assume the sale cost is high as well. Can you please give me a fair set of numbers that I should set as my goal. Thanks.
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Replying to: mrothman (Jun 12, 2009 8:11 pm) If you really want to lease, don't go with a GM vehicle. If you like the Acadia, and it is a nice truck, and don't mind not leasing finance it through GMAC at 0% for 5 years. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 30, 2009 1:41 am) thanks.
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Replying to: sprmario (Sep 21, 2009 9:18 am) General Motors is currently providing a $2,300 cash incentive on leases of this truck through GMAC. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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