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Buick Enclave Lease Questions

159 messages,  Last post on Nov 20, 2009 at 1:07 PM

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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#143 of 159
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 159
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 159
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
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Prices Paid: Buying & Leasing Experiences Forum
#146 of 159
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
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Prices Paid: Buying & Leasing Experiences Forum
#147 of 159
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 159
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.
#149 of 159
2010 AWD 1XL by jim1462
Oct 24, 2009 (10:31 am)
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Local dealer advised that GMAC wants $350 at end of lease if you buy the leased car or $395 if it is turned in at end of lease.
#150 of 159
Re: 2010 AWD 1XL [jim1462] by 40yearfan
Oct 24, 2009 (5:23 pm)
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Replying to: jim1462 (Oct 24, 2009 10:31 am)

That's a shame. It makes them like all of the other car companies who charge a turn in fee at the end of the lease. I guess they have changed a lot of things after their restructuring.
#151 of 159
Re: 2010 AWD 1XL [Car_man] by cats13
Nov 01, 2009 (10:22 pm)
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Replying to: Car_man (Oct 21, 2009 2:13 am)

Hey Mr Car Man: I'm in New York and looking to lease the 2010 Enclave FWD CXL-1. What can you tell me about the November rates from USBank (that's the one that does it in NY in GMAC's place, right?) for the interest rate and residuals on both the 39 months/12K miles/yr and 39 months/15K miles/yr? If possible, can you tell me if they differ b/t the FWD and AWD models?
 
Since it seems that NY is different from other states, would also love to get info on what sort of fees USBank charges in NY and what incentives are available.
 
Much appreciated in advance.
 
FYI, I'm also looking at the Traverse and just posting the identical questions there (but, of course, for the Traverse).
#152 of 159
Re: 2010 AWD 1XL [cats13] by cats13
Nov 03, 2009 (10:17 am)
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Replying to: cats13 (Nov 01, 2009 10:22 pm)

Car Man and other Leasing Gods around these parts: I know you guys have real jobs and real responsibilities other than answering questions in this forum, but I'm dying for November lease program info on 2010 Enclave FWD CXL-1. I'm in NY and looking at 39 months either at 12k or 15k/yr. What incentives, if any, are coming through USBank?
 
My apologies in advance for being pushy; smack me around if you must.

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