- #114 of 164
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Re: Lease Deals for April [bondguy1]
by Car_man HOST
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Apr 04, 2008 (1:33 am)
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Replying to: bondguy1 (Mar 26, 2008 10:22 am)
Hi bondguy1. General Motors' lease program on the 2008 Buick Enclave is exactly the same in April as it was in March. The only new offer on this truck is an owner loyalty program which provides an additional $500 cash incentive on the lease and $1,000 on the purchase of an Enclave to current GM owners and lessees.
Car_man
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- #115 of 164
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Re: Is This A Good Deal [Car_man]
by dammitjim1
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Apr 04, 2008 (8:21 am)
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Replying to: Car_man (Apr 04, 2008 1:29 am)
Hi Car_Man,
I completely agree with your sentiments on paying that kind of money for a Buick. Even if it were a sign and drive lease, that is a crazy amount of money to shell out for that car.
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- #116 of 164
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Re: Is This A Good Deal [Car_man]
by bondguy1
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Apr 06, 2008 (3:33 am)
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Replying to: Car_man (Apr 04, 2008 1:29 am)
I don't have the contract in front of me at this moment but I remember seeing something for cap cost of about $39,900 or around there...maybe $39,940...something like that. As far as paying that much for a Buick and being able to get a BMW for that money...go try and do it in my market in South Florida. No money down on a BMW lease is still coming out of pocket with about $4,000 at start. Second, there were no BMW's that interest me. The 5 series to me is ugly as heck, the 7 series too expensive and the 5 series SUV is way too much money to lease...probably about $800+ per month plus tax. I could have leased a Volvo or Mazda CX9 for low $500's including tax and it had more stuff on it featurewise but it's not the same car. First of all, correct me if I'm wrong, but doesn't the Mazda only come with a 3/36 warranty? If so, and I was going to lease for 39 months with 15K/annually , what happens when I'm over mileage? I thought the same as you...that much for a Buick...I couldn't even believe I was getting a Buick. I could have for similar money got a Tahoe or bigger SUV. I could have leased a brand new Lincoln Navigator for $597/month sign and drive with scheduled maintenance included...only 10,500 miles allowed per year but could have probably bumped it up to 15K for a little more per month..problem is, my wife is only 4'11" tall...she can't park something that huge...second, do I really want to get only 13 MPG on a Navigator (NO). I was coming out of a fully loaded 2005 Audi A6...second Audi A6 lease in a row...six years of a German car (although a great car) and I was ready for a change. I never had an SUV before and liked the style and features on the Buick. I was saying the same thing as you about paying that much for a Buick. The Audi Q7 SUV is nice looking but has too many terrible reviews...the cars are a mechanical nightmare...had a friend who purchased one and had to Lemon Law the thing. Plus, they similarly equipped as the Buick were at $61,000 pricetag. So, I put it to you...find me that BMW or Mercedes for the same money...oh, yes, I could have leased the Merdedes R class (the stationwagon looking one) for probably similar money but don't like the looks and there are way too many Mercedes in my area...the service at the Mercedes dealers locally is terrible....you have to make an appointment weeks in advance...I don't want that hassle nor do I like driving something that looks like a stationwagon. I like the fact that there aren't too many Enclaves on the road...more unique is okay with me. And, the reliability of Buick according to the JD Power results from August of 07' were number one, tied with Lexus. My residual I think was 59% for a 39 month lease. Total including first payment at start to dealer was $1,250 check. For what it's worth, that $660 per month is including tax.Also, you have to figure in other factors. On most new leases, unless you go for another term with the same brand afterwards, you have a big disposition fee (a nice way for the leasing company to scrw you out of anywhere from $300 to $400 extra dollars to turn the car in). So, add that into the equation...no dispostition with GM. Second, I am allowed on my lease to turn it in with up to $5,000 dollars in damage (hopefully not enough dents or dings will be on the car to equal that amount). This means, that if my tires ar low on tread or there are a few scratches or the interior is dirty, I can safely turn it in without worries. You obviously have never leased a Lexus and then not released with them again. I have freiends who have done this and their leasing company (not sure it it was Toyota Financial or not) tried screwing them out of perfectly clean looking cars...claiming the leather was dirty and charging them and similar other things. No worry lease with GM in that department. So, again, I put it to you, the choices when you factor all of these things in arent' as clear cut as you say. Plus, which Lexus are you talking about for less money per month? An RX series SUV which is tiny and styled from 8 to 10 years old with new tailights or trim to call it the new model this year...nope, not for me. The Enclave is a car that has a long list of great features, good warranty and more unique looking than all the other choices in this price range. Just my opinions though!!!
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- #117 of 164
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About to do battle...
by bobinchitown
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Jun 06, 2008 (3:50 am)
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Car guy (or anyone else!),
I'll be heading out this weekend to look seriously at an Enclave...CXL AWD w/about $4k in exras. I'll be leasing: 36mo. & 45k total mi. It's early June so I'm wondering what residual and GMAC APR I should shoot far. (Thnx to Edmubds I have the Cap cost targert figure!) What are the current programs for current GMAC lease holders besides the current "pull forward?
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- #118 of 164
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Re: About to do battle... [bobinchitown]
by Car_man HOST
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Jun 23, 2008 (1:34 am)
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Replying to: bobinchitown (Jun 06, 2008 3:50 am)
Hi Bob. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Buick Enclave with 15,000 miles per year are an unattractive 8.0% and 60%, respectively. I believe that General Motors is only waiving the final two payments for current lessees who lease a new GM product right now.
Car_man
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- #119 of 164
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Re: About to do battle... [Car_man]
by jomac69
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Jun 23, 2008 (5:21 pm)
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Replying to: Car_man (Jun 23, 2008 1:34 am)
Hey CarMan...is there any benefit to leasing a used Enclave? Say if one already had 12000 miles on it....could you get a 24 or 27 month lease that would be a much lower payment since the residual would still be the same for 36000 miles at 60%? Or is this bass ackwords? How does this work...if it does at all?
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- #120 of 164
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Re: About to do battle... [jomac69]
by kcorey
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Jun 24, 2008 (1:24 pm)
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Replying to: jomac69 (Jun 23, 2008 5:21 pm)
I don't think you can lease a used car, only new...at least in NY.
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- #121 of 164
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Re: About to do battle... [jomac69]
by Car_man HOST
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Jul 02, 2008 (1:18 am)
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Replying to: jomac69 (Jun 23, 2008 5:21 pm)
Hey jomac69. Most states do allow the leasing of used vehicles, however generally speaking used vehicle leases are usually not very good deals. The Buick Enclave might be the exception to this rule because its new vehicle lease program is so bad, but I have never heard of anyone leasing a used one. One thing's for sure, the truck's residual value definitely would not be the same percentage as a new Enclave's would. Any bank that would lease a used Enclave would have a completely different lease program for it.
Car_man
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- #122 of 164
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Enclave lease or Q7
by cofla99
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Jul 03, 2008 (4:25 pm)
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Carman please help. whats the best lease can Aim for on a q7 with, conv and nav 36 mo 10k miles. no down. (florida lava gray)
I was considering the enclave but it doesnt seam to have an avertised leased program.
THANKS
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- #123 of 164
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Re: Enclave lease or Q7 [cofla99]
by Car_man HOST
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Jul 07, 2008 (1:28 am)
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Replying to: cofla99 (Jul 03, 2008 4:25 pm)
Hi cofla99. This is probably more of a question for the Q7 discussion, but since you are considering an Enclave as well I'll respond quickly here. It is difficult for me to estimate what the monthly payment will be for the Q7 that you are interested in without knowing what its full MSRP and selling price are. I can tell you that Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 Q7 3.6 non-Premium with 10,000 miles per year are around .00006 and 53%, respectively. You can plug these numbers, along with the aforementioned prices, into the formula that is outlined in the following article to get an approximate lease payment for this tuck: Calculate Your Own Lease Payment.
Car_man
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