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Prices Paid: Buying & Leasing Experiences GMC Acadia Lease Questions
250 messages, Last post on Mar 01, 2010 at 1:07 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Apr 13, 2007 1:27 am) 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!!! 
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Replying to: Car_man (Apr 13, 2007 1:43 am)
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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.
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Replying to: sboyd1 (Apr 13, 2007 9:49 am) Car manufacturers have gotten a lot better about being transparent in their incentives offered, but they still intentionally hide critical information from consumers. That's why these forums are so important... |
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| Here's what the dealer is proposing to us...it's for an Acadia SLE with an MSRP $32,505. $4250 down but with our trade in ('04 Malibu) and $600 in GM Card earnings our total out of pocket would end up being about $3600 and payments would be $413/month for 39 months with 15,000 miles per year. This includes the "conquest cash." What do you think? Is that a good deal? | |
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Replying to: mjr15197 (Apr 15, 2007 6:40 am)
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I was considering the Acadia, however with nearly identical options the Saturn Outlook seems to have better lease options. After being quoted a $619 montly pmt on a $38,500 49 mths, 1100 down on a saturn outlook i gave up. Then i saw a tv ad the very next morning. 39 Month lease $414.00, $1,999 "down as shown" for (XR (similar to SLT-1)) fine print, does not include tax, title, fees and options. i went to another dealer after hearing this. $36500 msrp, $1999 + 989 = 3k down  39 months = $475.00 a month (it was $500, but he came down $15 a month or $1000 off msrp). I would like a GMC vs. Saturn, however the Saturn outlook seems like a great deal. Oh yeah, the break down as i saw it on the print out was : 6% APR, 61% residual. I'm just waiting for my color and options and i'm locked in with the saturn. |
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Replying to: sand529 (Apr 16, 2007 10:54 am) Once I got home I did my research and I've come to the conclusion we were getting ripped off. I made some educated guesses as to the residual value and the money factor and figured at best they were selling the car at MSRP. We're just going to wait for now. |
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Replying to: mjr15197 (Apr 15, 2007 6:40 am) I know that the Saturn Outlook has some pretty good leasing deals going on right now. Nice SUV to take a look at.
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Hey Car_Man, i was hoping i could get some info on a proposed Acadia lease. here are the details: i am in MA - 39 mo lease at 15K / yr. MSRP 44315 sales Price 42995 - still being negotiated rate 7.2 or MF .003 residual 59% total cash out of pocket 4000. this includes GM Card, conquest cash etc. and covers doc fee, first payment, aquistion fees etc, etc... i am told the taxes are 3133.81. Are the taxes baased on MSRP or the residual? right now they are on the MSRP. And is the residual based on the sale price or MSRP? i always thought it was the sale price... we are looking at a payment of 675 right now but our calculations indiacte a payment of 614. please help. we are very close to doing this.... 
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