Sign In Join 



GMC Acadia Lease Questions

232 messages,  Last post on Nov 11, 2009 at 7:45 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are steve_ & tidester

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


Messages Page 24 of 24
1
...
18
19
20
21
22
23
24
Prev
Next
Last
Go To Msg #
Search This Discussion

#223 of 232
New Acadia campaign by sakura5
Oct 23, 2009 (5:02 am)
Reply
This is my first post. Has anyone heard about the new campaign coming out in November for the Acadia? We live in NY/NJ area and are waiting for a better deal.
#224 of 232
Acadia Lease Offer by hawkdss
Oct 26, 2009 (2:43 pm)
Reply
I just received this offer from a dealer on the 2010 Acadia. Please let me know if this is a decent deal for 39 months 12,000 mi per year:
 
Term 39 months
Rate .4000
MSRP 32615
Lease Amt 30995
Acq Fee 795
Fees 53.75
Total Cap Cost 31790
Cusomer Cash 3995
Rebate 2300
Net Cap Cost 27236.96
Residual 39% = 12719.85
Taxes 884.27
Base Pmt 378.94 Mthly $36.94
Periodic Payment 415.88
Security Deposit 425.00
Drive Off Fees 1741.96
Net CCR 4553.04
#225 of 232
Re: Acadia Lease Offer [hawkdss] by mel10021
Oct 27, 2009 (11:54 am)
Reply

Replying to: hawkdss (Oct 26, 2009 2:43 pm)

Is customer cash how much you are putting down or is tis from the dealer ?
#226 of 232
Re: Acadia Lease Offer [mel10021] by hawkdss
Oct 27, 2009 (8:11 pm)
Reply

Replying to: mel10021 (Oct 27, 2009 11:54 am)

The customer cash is what the dealer wants me to put down ($3,995).
#227 of 232
Acadia Lease Deal by hawkdss
Oct 28, 2009 (10:21 am)
Reply
Does anyone have an opinion on the lease deal that I posted?
#228 of 232
Re: Acadia Lease Offer [hawkdss] by wnuk
Oct 29, 2009 (11:16 am)
Reply

Replying to: hawkdss (Oct 26, 2009 2:43 pm)

Lets do the math and find out.
 
MSRP: $32615
Residual: $12720 (39% of MSRP)
Money Factor: 4.0% or .00166 (4% / 2400)
Dealer fees: $1275.75 ($795 incept, $425 sec. dep. $55.75 tags)
 
Negotiated Selling Price of Vehicle:
Dealer Invoice: $31016 (Price you should pay for vehicle)
Dealer Incentive: $2300 (GMC Rebate)
Down Payment: $3995 (Cash down)
 
Total Selling Price: $24721
 
Use Value (depreciation):
Invoice Price (plus) Dealer fees (minus) Residual
$24721 + $1276 - $12720 = $13277
 
Depreciation Payment of Lease:
Depreciation value divided by length of lease
$13277 / 39 months = $340.43 per month
     
Interest Payment Calculations:
Invoice Price (plus) Residual (multiplied by) Money Factor
$24721+ $12720 multiplied by .00166=
$43.15 per month
 
Base Lease Payment Calculations:
Depreciation Payment + Interest Payment
$340.43 + $43.15 = $383.58 per month

Sales Tax Payment Calculations: (See my note below please)
Sales tax you quoted (divided by) lease lenght
$885 divided by 39 months = $22.69 per month
 
Base Lease + Sales Tax payments = $406.27 per month total payment
 
On sales tax, here in PA it is charged on the monthly payment price and not calculated the way I did it above since I don't know the sales tax rate where you are it. In other words, take the base lease payment calculation from above ($383.58) and multiply it by the sales tax rate where you live. Here in PA on a lease it is 9% so $383.58 X 9%= $34.52 per month in sales tax on the lease. So the total lease payment would then be $418.10 per month.
 
 The other thing to consider is you should NOT put a lot of money OOP for a lease. The only thing that does is lower your monthly payment. If you were willing to pay $4000 OOP, why not take a higher monthly payment (recalculate using the formula above by subtracting the $4000 OOP) and use that $4000 to either supplement your higher monthly payment or use it to make the first 5 or 6 higher payments. Here's why:
 
Say you put $4000 OOP on a lease to lower your monthly payment. Now driving out of the dealer parking lot with your new Acadia you get T-boned and your new vehicle is totaled. You insurance will cover the loss of the vehicle but the $4000 you put down to lower the monthly payment is lost. It's always better to put as little down OOP on a lease as possible for this reason.
 
Another thing to consider is trying to negotiate the money factor. 4% is high. A Chevy dealer just quoted me 1.25% on a 48 month lease on a Traverse.
 
Hope this helps you some in making your decision.
#229 of 232
Re: Acadia Lease Deal [hawkdss] by mel10021
Oct 30, 2009 (6:28 am)
Reply

Replying to: hawkdss (Oct 28, 2009 10:21 am)

What trim / accessories are on this ?
#230 of 232
Re: Acadia Lease Deal [mel10021] by hawkdss
Oct 30, 2009 (7:47 am)
Reply

Replying to: mel10021 (Oct 30, 2009 6:28 am)

It is just the basic, basic SL. It is the cheapest Acadia in the dealer's inventory.
#231 of 232
Re: Acadia Lease Deal [hawkdss] by fcarey529
Nov 07, 2009 (10:43 am)
Reply

Replying to: hawkdss (Oct 28, 2009 10:21 am)

This was extremely helpful to me. I am negotiating on a lease for a new 2010 GMC Terrain, and getting very different numbers from dealers. I am taking this information with me on my next visit to the local dealer, to see if I can get the price down to something I am comfortable with.
thanks!
#232 of 232
November Lease Programs by ncnyawker
Nov 11, 2009 (7:45 pm)
Reply
Carman- do you have the current rates and dealer support for 2010 GMC Acadia SLT-1 with 15,000 per year? Thanks!

Messages Page 24 of 24
1
...
18
19
20
21
22
23
24
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement