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Prices Paid: Buying & Leasing Experiences GMC Acadia Lease Questions
232 messages, Last post on Nov 11, 2009 at 7:45 PM
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| 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. | |
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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
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Replying to: hawkdss (Oct 26, 2009 2:43 pm)
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Replying to: mel10021 (Oct 27, 2009 11:54 am) |
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Does anyone have an opinion on the lease deal that I posted?
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Replying to: hawkdss (Oct 26, 2009 2:43 pm) 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. |
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Replying to: hawkdss (Oct 28, 2009 10:21 am)
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Replying to: mel10021 (Oct 30, 2009 6:28 am) |
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Replying to: hawkdss (Oct 28, 2009 10:21 am) thanks! 
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| Carman- do you have the current rates and dealer support for 2010 GMC Acadia SLT-1 with 15,000 per year? Thanks! | |
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