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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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#67 of 206 Re: Acadia Lease question [jericho88] by Car_man HOST May 02, 2007 (3:50 am)
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 Host Prices Paid Forum
#68 of 206 Re: Residual Percentage [maradag] by Car_man HOST May 02, 2007 (3:51 am)
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 Host Prices Paid Forum
#69 of 206 Re: Did I get a good deal on my Acadia Lease? [pinkey2] by Car_man HOST May 02, 2007 (3:58 am)
Replying to: pinkey2 (Apr 29, 2007 5:18 pm) Hi pinkey2. I personally would not have made such a large down payment on a lease. Consumers how make large capitalized cost reductions on leased vehicles risk losing them if their car or truck is totaled in an accident or stolen and never recovered. You probably would have been better off having the dealer that you got your Acadia from cut you a check for you trade rather than applying the proceeds from it towards your lease. This is all water under the bridge. Don't let it ruin your enjoyment of your nice new truck. Just chalk it up as a learning experience and move on.   I don't know what the lease program was like when you leased your Acadia, but using GM's current program I estimate that an '07 Acadia that has an MSRP of $42,000 and a selling price of $38,600 leased through GMAC for 39 months with 12,000 miles per year would have a zero down, pre-tax monthly payment of around $516. With a $7,000 capitalized cost reduction this truck's payment would drop to around $316. So your monthly payment does look a little high, but again this is based upon GM's current program, not the January one.   Car_man Host Prices Paid Forum Replies to this message: pinkey2 (May 02, 2007 10:16 am) Car_man (Jun 08, 2007 3:32 am) biceman22 (May 02, 2007 1:34 pm) Car_man (Jun 08, 2007 3:34 am) ody02tjk (May 08, 2007 10:24 pm) Car_man (Jun 08, 2007 3:48 am)
#70 of 206 Re: Did I get a good deal on my Acadia Lease? [Car_man] by pinkey2 May 02, 2007 (10:16 am)
Replying to: Car_man (May 02, 2007 3:58 am) THANK YOU SO MUCH Car-man!!! That is very kind of you to take time out of your day and help all of us!!!! I knew I kind of got hosed BUT hearing exactly how much makes me feel better in a weird sort of way   Thank you for all your trouble and I will take your advice and chalk it up and move on and learn from this!!! Thanks again Pinkey2 Replies to this message: Car_man (Jun 08, 2007 3:32 am)
#71 of 206 Re: Did I get a good deal on my Acadia Lease? [Car_man] by biceman22 May 02, 2007 (1:34 pm)
Replying to: Car_man (May 02, 2007 3:58 am) Hey CarMan,   Can you confirm that the conquest cash bonus is still in effect?? I talked with a dealer this morning and the said it wasn't. Can you run some numbers for me as well if it is still in play... negotiated rate to 38.5k, 36 month lease 10k or 12k miles with nothing down but first month, taxes, etc. - minus the conquest cash and 500 rebate. Thanks in advance. Replies to this message: Car_man (Jun 08, 2007 3:34 am)
#72 of 206 Conquest cash by donl1 May 02, 2007 (8:48 pm)
When I picked up my Acadia 2 weeks ago the salesman said the Conquest Cash was in effect into July.
#73 of 206 Re: Several Lease questions by ody02tjk May 08, 2007 (10:24 pm)
Replying to: Car_man (May 02, 2007 3:58 am) Car Man: I am new to leasing, and therefore have a lot of questions, and you seem to be the guru. 1) Is there a formula for determining lease payments? If so, could you please post? 2) I am looking at a new Buick Enclave, with GMSUPPLIER PRICING of $36860. With no $ down, on a 36 month lease, with 12K miles per year, in MD, with 5% tax rate, what sort of payment am I looking at? 3) What are the GM residuals on the the Enclaves? One dealer told me 63% on a 36 month lease, and 70% on a 24 month lease. 4) Do you know if we can get the $1000 conquest discount with the supplier pricing? Are there any additional discounts (like the extra $500 on the Acadia's) on the Enclaves? 5) what other fees should I expect to see with a lease? 6) Can you please explain lease factors? 7) If you have the cash, does it make sense to prepay a lease with one lump sum, and not have any payment for 3 years? Will you save any $ on the lease factor? Thanks in advance for all your knowledge and assistance. Replies to this message: Car_man (Jun 08, 2007 3:48 am)
#74 of 206 CarMan, May money factors and residuals please by davezz1 May 21, 2007 (8:32 pm)
Hi carman,   Please let me know the lease factors, residuals, money factors, by mileage and term for a 07 GMC Acadia. Im planning on leasing one with the SLT-2 package and would like to understand the pricing so I can make an informed deal.   Also if possible please let me know the rebates available currently. I believe there is a $500 rebate + $1000 conquest cash. Is this accurate ?   Thanks in advance Dave Replies to this message: Car_man (Jun 08, 2007 3:55 am) mscappa (Jun 25, 2007 8:57 pm)
#75 of 206 Acadia Situation by wnydad May 22, 2007 (5:58 pm)
Was told today that the Acadia $1000 Conquest cash (if you don;t currently have a GM vehicle) is good through July. The additional $500 is only for May (for now).   Acadia's seem to be getting into short supply around here (Western New York) and I was told they have stopped building '07s. I have the dealer searching to see if I can find one I can live with.
#76 of 206 Re: Did I get a good deal on my Acadia Lease? [pinkey2] by Car_man HOST Jun 08, 2007 (3:32 am)
Replying to: pinkey2 (May 02, 2007 10:16 am) You're very welcome, pinkey2.   Car_man Host Prices Paid Forum

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