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Buick Enclave Lease Questions

160 messages,  Last post on Nov 27, 2009 at 6:42 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Buick Enclave, Car Leasing, Car Buying, SUV


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#139 of 160
Press request by KarenS HOST
Oct 07, 2009 (9:19 am)
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A reporter is looking to speak to consumers who recently leased a GM or Chrysler vehicle in the past two months . Please send your daytime phone number to ctalatiedmunds.com by Thursday, October 8, 2009.
#140 of 160
Basics by cats13
Oct 12, 2009 (12:06 pm)
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Sorry if these are basic questions, but I'm a nubie so humor me pls:
 
1. where are you guys pulling all the lease rates and residual values from? Is there some sort of schedule the rest of us can access? Or do I have to come back here and post each time depending on the specific Enclave model, yr, location, etc.?
 
2. what's the story if you lease in one state (say, NY), but then relocate to another (say, TN)? How does that impact the lease, if at all?
 
Many thanks
#141 of 160
Re: 2010 AWD 1XL [Car_man] by jp125
Oct 13, 2009 (8:07 pm)
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Replying to: Car_man (Oct 07, 2009 1:42 am)

Thank you for responding carman. I am getting close to leasing the enclave. If possible, could you provide the acquisition fee / bank lease fee for GMAC and also US Bank?
 
Could you provide the security deposit required from each gmac & US Bank also? What is the minimum credit score gmac & US Bank will accept?
 
Last question, Do people who lease get gmac's 1000 discount along with the lease incentive of 1500(US Bank) or 2250(GMAC). For example, the total off a US Bank lease would be $2,500 (1500 + 1000).
#142 of 160
Re: 2010 AWD 1XL [jp125] by HardC0d3r
Oct 15, 2009 (1:22 am)
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Replying to: jp125 (Oct 13, 2009 8:07 pm)

What is the story behind this offer on
 
http://www.buick.com/pages/mds/pricing/affordability.do
$2735 due at signing
$409/mo 39 months 39000 miles
 
Payments are for 2010 Buick Enclave CX with MSRP of $35,940. Month payment total $15,932.67. Option to purchase at lease end for an amount to be determined at lease signing. GMAC must approve lease. Take delivery by 11/2/09. Lessee pays for excess wear. Payments may be higher in some states. Not available with other offers.
 
As of October 14, 2009, if I have the right math, this is %51 residual with %0 lease cash calculation. If you take 0.6 lease cash, then this is around %60 residual value, is that not right? Since this is on the buick site, I don't know where the %40 residual is coming from?
 
I called a dealer to get a quote for $650 instead of this with about the same down payment. So the "dealers are trying to ripp off" and "they deserve to go bankrupt" are two favorite phrases in my mind now.
 
If this SUV looses %60 of its value during the lease term, give me one good reason to lease or buy this vehicle... I rather buy a 2007 Enclave with 39000 miles on it for a fraction of the price. I would feel ripped if I buy this for anything above the advertised lease deal...
#143 of 160
Re: 2010 AWD 1XL [HardC0d3r] by cats13
Oct 16, 2009 (7:55 am)
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Replying to: HardC0d3r (Oct 15, 2009 1:22 am)

Like I said above, I'm a newbie - both to this forum and to leasing - so there's a good chance that I might not have all my ducks in a row. But it seems to me that A LOT is missing from that ad, and there's also a little bit of trickery in there.
 
For starters, how can they possibly calculate the monthly lease payment with the language "option to purchase at lease end for an amount to be determined at lease signing." Isn't that another way of saying that the residual amount is not yet fixed? If that's the case, and regardless of what else the ad might say about total monthly payments, etc., you're missing 2 important factors in determing the monthly pymnt: the money factor and the residual. You can work it out with one missing variable, but not 2. So how they come up with $409/month is a mystery to me.
 
Also, I don't think the $409 includes sales tax, but it kinda looks like it's based off the full MSRP price which I'd never agree to in a million years Also looks like you're probably waiving the GMAC incentives. Bottom line, the ad just smells fishy to me.
#144 of 160
Re: 2010 AWD 1XL [cats13] by cats13
Oct 16, 2009 (8:13 am)
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Replying to: cats13 (Oct 16, 2009 7:55 am)

Also, looks like the downpymt in the ad is much more than basic security deposit, bank fee and first month pymt. So I can only imagine that the difference is a true downpymt towards the car itself, which is another thing I'd never do in a milion years on a lease. Sure, it might make the monthly pymt look lower, but at some point you gotta measure everything based on the real wealth factor as opposed to the short term view of just low monthly pymts. For instance, I was at a dealer last weekend that dangled a sub $600/month lease pymt on a loaded 2010 CXL2 stickered at about $45K. Sounds good, right? Until, of course, he later flew through a sentence that included the phrase "$4K downpymt" almost half-muttered under his breadth. I walked out without saying good-bye.
#145 of 160
Re: Basics [cats13] by Car_man HOST
Oct 21, 2009 (2:06 am)
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Replying to: cats13 (Oct 12, 2009 12:06 pm)

There's no silly questions, cats13. Better to ask as much as possible and go into the dealer prepared than to get taken advantage of. I am not aware of any resource that provides accurate information on manufacturers' current lease programs directly to the general public. Having said that, I should be able to help you out with any information that you need.
 
You are free to move anywhere within the continental U.S. when you lease a vehicle. The only issue that you may run into is sales or use tax.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#146 of 160
Re: 2010 AWD 1XL [jp125] by Car_man HOST
Oct 21, 2009 (2:13 am)
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Replying to: jp125 (Oct 13, 2009 8:07 pm)

Hi jp125. I haven't checked on the acquisition fees for GMAC or US Bank lately, but I suspect that they both charge something in the vicinity of $600.
 
GMAC's requires a security deposit that's equivalent to vehicles' monthly payments rounded up to the nearest $25 increment. I suspect that US Bank's requirement is similar, but I don't know that for a fact.
 
I don't believe that the $1,000 consumer cash that General Motors is currently providing on the 2010 Buick Enclave is compatible with its special lease program.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#147 of 160
Re: 2010 AWD 1XL [Car_man] by jim1462
Oct 21, 2009 (10:57 am)
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Replying to: Car_man (Oct 21, 2009 2:13 am)

Hey car-man, what gives with the $400 termination fee for a GMAC lease. That coupled with the aquisition fee and upfront money makes leasing very expensive.
#148 of 160
Re: 2010 AWD 1XL [jim1462] by 40yearfan
Oct 23, 2009 (5:12 pm)
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Replying to: jim1462 (Oct 21, 2009 10:57 am)

When did GMAC start putting termination fees into their leases? I have two vehicles leased through them and neither has a termination fee.

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