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GMC Acadia Lease Questions

206 messages,  Last post on Jun 30, 2008 at 10:40 AM

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


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#59 of 206
Acadia Lease question by jericho88
Apr 18, 2007 (6:53 am)
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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....
#60 of 206
Re: Acadia Lease question [jericho88] by galvang
Apr 18, 2007 (7:32 am)
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Replying to: jericho88 (Apr 18, 2007 6:53 am)

You are being taken. That dealer who is offering that lease should be taken into custody. This is what a lease should like.
 
http://www.saturn.com/saturn/FindOfferController.dyn
 
Check this out and compare. The bottom line you shouln't be leasing a car unless you fully understand it. Some of these dealers are so damn slimey I just cringe at seeing them rip off people.
#61 of 206
Re: Acadia Lease question [galvang] by wlbrown9
Apr 18, 2007 (8:19 am)
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Replying to: galvang (Apr 18, 2007 7:32 am)

Hum.. I went to that link and found the current lease offers. Quite a bit lower monthly pricing...but what is your point? The examples listed there are for base models with MSRP of $29K or $31K or so...jericho88 was looking at a vehicle with MSRP of $44K and 15K miles a year...these listed are 12K per year. It is difficult to compare these to what he is being offered. You do make a great point about not leasing unless you fully understand the detail.
#62 of 206
Residual Percentage by maradag
Apr 18, 2007 (11:48 am)
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Replying to: wlbrown9 (Apr 18, 2007 8:19 am)

Anyone know the residual on an SLE-1 (36mos/15K yr)?
#63 of 206
Re: Acadia SLE [galvang] by mjr15197
Apr 20, 2007 (9:42 am)
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Replying to: galvang (Apr 17, 2007 11:31 pm)

It did smell. The trade-in is not paid off but we're not upside down. They offered us $1000 more than what we owe. According to Edmunds, what they offered us was fair so at least that part of the deal was ok.
 
I noticed the Outlook lease specials. Nice car. We really have no preference vs the Acadia. It will most likely come down to whatever one gets us a better deal. We're in no rush so were just going to keep our eyes open. At this point we may wait for the 2008s...
#64 of 206
Did I get a good deal on my Acadia Lease? by pinkey2
Apr 29, 2007 (5:18 pm)
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I purchased my Acadia In January 07. I got the SLT fully loaded except for the navagation system. The price was 42,000 but we got them down to 38,600. I put my trade in as my down payment which was 7,325. The finance charge was 5.9% for 39 months. 12,000 milage yearly. My monthly payments are 459.26. Did I get hosed??!!! Everybody I speak to thinks I got robbed! Please let me know. It botheres me every day. Thank you!
#65 of 206
Re: Good lease [fulano82] by Car_man HOST
May 02, 2007 (3:28 am)
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Replying to: fulano82 (Apr 13, 2007 4:05 am)

Thanks for the additional information, fulano82. A base 2007 GMC Acadia SLE 2WD has a spread of slightly over $2,000 between its full MSRP and its dealer invoice price. You were quoted a discount of $1,629 on the specific truck that you are interested in. If this price is before the deduction for the $1,000 conquest cash that you are eligible for then this is a good deal. In fact, if you haven't leased yet you're in luck because General Motors just introduced an additional $500 bonus cash on the '07 Acadia in May. Make sure to take this cash into account when negotiating your lease on this truck. Also make sure that the dealer you are working with uses GMAC's base lease rate of 7.2% to calculate your truck's payment.
 
Car_man
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#66 of 206
Re: Overpriced lease [cms830] by Car_man HOST
May 02, 2007 (3:31 am)
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Replying to: cms830 (Apr 13, 2007 8:38 am)

You're very welcome, cms830. The fact that you are not in a hurry to get a new vehicle certainly works to your advantage. You won't be rushed into taking a deal that is not attractive. Good luck and let me know if you have any other questions.
 
Car_man
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#67 of 206
Re: Acadia Lease question [jericho88] by Car_man HOST
May 02, 2007 (3:50 am)
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Replying to: jericho88 (Apr 18, 2007 6:53 am)

Hi jericho88. While the lease rate that you were quoted to lease the Acadia that you are interested in is not very good, 7.2%, it is correct. General Motors is just not providing a lot of lease rate support on this truck right now. The closer to dealer invoice before the deduction of any cash incentives you can get, the better. Once you have negotiated a price that you are comfortable with on this truck, make sure that the dealer subtracts the $1,000 conquest cash and NEW $500 bonus cash that was introduced for the month of May.
 
Vehicles' residual values are always based upon a percentage of vehicles full MSRPs, including the destination charge and the MSRPs of any options that can be residualized. The last time that I looked onto how Massachusetts charges sales tax on leased vehicles, it charged tax on vehicles' entire lease payments on a monthly basis. For example, if your truck's lease payment is $316 and you had to pay 5% sales tax on it , it would increase the total payment up to $331.80. I believe that MA charges another personal property tax on the total value of your vehicle. Try stopping by the following discussions for additional information on how sales tax is calculates on leases in your state: Mass Department of Revenue or Mass Registry of Motor Vehicles.
 
Car_man
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#68 of 206
Re: Residual Percentage [maradag] by Car_man HOST
May 02, 2007 (3:51 am)
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Replying to: maradag (Apr 18, 2007 11:48 am)

Greetings maradag. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Acadia SLE with 15,000 miles per year are 7.2% and 60%, respectively.
 
Car_man
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