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GMC Acadia Lease Questions

208 messages,  Last post on Aug 06, 2008 at 4:25 AM

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What is this discussion about? GMC Acadia, Car Leasing, Car Buying, SUV

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#43 of 208 Re: Overpriced lease [biceman22] by wlbrown9 Apr 03, 2007 (1:39 pm)
Replying to: biceman22 (Apr 02, 2007 5:41 pm) Just about all dealerships have links to inventory in the area. A swap across town might not cost them much, but bringing in something from a couple hundred miles might cost someone a couple hundred (who pays that?).   I just spent 5 minutes on GM Buypower.com and looked at inventory at 5 GM dealers in Memphis. If I put in a couple of other zip codes, I could check the dealerships between Nashville, Little Rock, Jackson Mississippi and even St Louis...plus smaller dealerships in the area. Contact info is available there and if I found one I wanted, I could give them a call and start trying to work up a deal.   It sounds as if you really don't have a 'relationship' with a dealership or this website...whatever you feel confortable with. I have tried working with dealers in the past on locating one that was not in stock in Memphis, but never really had any luck or felt comfortable with the process.
#44 of 208 Re: Lease numbers [fulano82] by Car_man HOST Apr 12, 2007 (3:59 am)
Replying to: fulano82 (Feb 28, 2007 5:43 am) Yes, fulano82, General Motors has a $500 conquest cash incentive on the 2007 GMC Acadia this month. What sort of help are you looking for. Let me know and I'll see what I can do for you.   Car_man Host Prices Paid Forum
#45 of 208 Re: Lease Math [aroxas] by Car_man HOST Apr 12, 2007 (4:05 am)
Replying to: aroxas (Mar 09, 2007 9:37 pm) Hi aroxas. Let me begin by saying that $4,000 is way too much money to put down on a lease. I always advise consumers against making capitalized cost reductions, aka down payments, when leasing. Consumers who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. You can lease any vehicle that you want without making any cap cost reduction and it is in your best interest not to make one.   The selling price that you were quoted on the Acadia that you are interested in looks very attractive to me. Just make sure that the dealer that you are working with uses GMAC's base lease rate of 7.2% (for this model) to calculate your truck's monthly payment and you're in business.   Car_man Host Prices Paid Forum
#46 of 208 Re: Good lease? [biceman22] by Car_man HOST Apr 12, 2007 (4:16 am)
Replying to: biceman22 (Mar 26, 2007 4:30 pm) Hi biceman22. No GMAC's base lease rate for the Acadia has not changed. It's still 7.2%. If I was in the market for this truck I definitely would make sure that the dealer I was working with used the 7.2% rate to calculate my monthly payment.   Car_man Host Prices Paid Forum
#47 of 208 Re: Good lease [fulano82] by Car_man HOST Apr 13, 2007 (2:27 am)
Replying to: fulano82 (Mar 29, 2007 4:23 am) Hi fulano82. You never mentioned the selling price or MSRP of specific Acadia that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.   Car_man Host Prices Paid Forum Replies to this message: fulano82 (Apr 13, 2007 4:05 am) Car_man (May 02, 2007 3:28 am)
#48 of 208 Re: Acadia SLT [tapgypsy] by Car_man HOST Apr 13, 2007 (2:31 am)
Replying to: tapgypsy (Mar 29, 2007 12:09 pm) Hi tapgypsy. This looks like a pretty good deal to me. Thanks for taking the time to share the derails of your lease with everyone. Enjoy your new truck .   Car_man Host Prices Paid Forum
#49 of 208 Re: Overpriced lease [cms830] by Car_man HOST Apr 13, 2007 (2:43 am)
Replying to: cms830 (Mar 31, 2007 8:32 pm) Hi cms830. $500 under invoice is a very good price for this truck, but...a lease payment of $735 per month for it is outrageous. There are so many amazing vehicles out there that can be leased for $700 per month that I would get before the Acadia. Let's use GM's current lease program to estimate what this vehicle's monthly payment should be. According to my calculations, if you were to lease a 2007 GMC Acadia that has an MSRP of $43,890 and a selling price of $39,994 through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around only $546. I used GMAC's base lease rate of 7.2% and a residual value of 63% to calculate this payment. As you can see, something is way off with the payment that you were quoted. I personally would look around for a new dealer to work with.   Car_man Host Prices Paid Forum Replies to this message: cms830 (Apr 13, 2007 8:38 am) Car_man (May 02, 2007 3:31 am)
#50 of 208 Re: Good lease [Car_man] by fulano82 Apr 13, 2007 (4:05 am)
Replying to: Car_man (Apr 13, 2007 2:27 am) Hey Car man, Its a SLE AWD with a MSRP of $33,374 and they are willing to sell at $31,745. It has CONVENIENCE PACKAGE, PREFERRED PACKAGE,AM/FM STEREO W/6 CD & MP3 (REPLACES STD/OPT RADIO) BOSE SPEAKERS WITH SUB-WOOFER TRI-ZONE CLIMATE CONTROL, XM SATELLITE RADIO 8 PASS SEATING. I want to lease for 36 months at 12,000 miles per year with $3000 out of pocket. I qualify for the $1,000 conquest cash rebate. Please respond ASAP i will be visting the dealer tomorrow to get thier numbers.I want to be prepared. Please help!!! Replies to this message: Car_man (May 02, 2007 3:28 am)
#51 of 208 Re: Overpriced lease [Car_man] by cms830 Apr 13, 2007 (8:38 am)
Replying to: Car_man (Apr 13, 2007 2:43 am) Thanks Car_man. That's what I though too. I'm definitely going to work with another dealer cause I really like this truck. I'm not in any real rush, I just want a good deal. Hopefully I can find someone who will treat me more fairly. I'm considering just working with someone by email or by fax because I think they see me, a young woman and think, "Oo, there's a mark!" Thanks again, I appreciate all your help on this forum! Replies to this message: Car_man (May 02, 2007 3:31 am)
#52 of 208 Lease shopping experience by sboyd1 Apr 13, 2007 (10:49 am)
I just wanted to report on my recent experience in TX (DFW) shopping for an Acadia lease. The short version is - couldn't make it happen. Maybe I'm not savvy enough or maybe I'm not patient enough.   Initial email requests for information to several dealerships *all* went silent after I specifically indicated that I was interested in a lease. They didn't even try to flip me to a different program. Amazing.   A phone call inquiry to a salesman at one dealer in particular resulted in the statement, "GMAC doesn't do leases in Texas any more." Thank you, I'll be shopping elsewhere.   A phone call to a salesman at a leasing company (non-dealer) resulted in absolutely ridiculous fees and high monthly prices with the explanation being I was "building equity" in my vehicle so I could flip out of it early if I wanted to - or even get money back at the end. Plus the residuals the leasing company was offering were > 10% lower than GMAC's.   I eventually ended up at a dealership where the salesman *only* negotiated vehicle price - and even that wasn't a negotiation. He just offered it at invoice. I agreed and it was off to financing. That's where things got sticky again. After doing some research on the GMAC SmartBuy versus the SmartLease program I had a hard time seeing any appreciable difference between the two. I'm not using the vehicle for work so I don't need to write it off on my taxes. So mentally I was prepared to accept the SmartBuy pitch. But I had the finance guy walk through a comparison of lease vs. smartbuy and he was willing to do it.   He obviously pitched SmartBuy as the best choice and told me all the negatives about leasing. We eventually reached an agreement on financing and price and I'm now the happy owner of an Acadia but there's one thing that still bothers me...   On GMAC's "payment estimator" they list two SmartBuy programs w/ apr's of 8.2 and 9.12 respectively. When I sat down with finance he told me the SmartBuy rate would be 9.2. I pulled out the printout I had and asked why it was different. He basically said, "I don't know what that is... I have these papers here that tell me what to charge... the lease rate is 8.2 and I have to add 1 pt. to that for smartbuy."   He eventually lowered the apr from 9.2, but I called the GMAC # to ask what the deal was and they told me, "Those numbers are estimates only. Only the dealer can tell you what the actual rate should be." So why on earth put them on the website? Seems a little disingenuous. Replies to this message: vinnyny (Apr 15, 2007 7:33 am)

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