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Prices Paid: Buying & Leasing Experiences 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
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Replying to: lwolf99 (Jun 25, 2007 11:16 pm) The Sales Mgr is holding firm at $1300 over invoice price for the Enclave that I was looking at. Since it is a demo model, with 800 miles already on it, and too much over invoice, I walked away. Too bad, it would have been a great vehicle. Another dealer located one for me, same options except it has entertainment pkg #3 instead of #4. If he will sell for anything up to $500 over invoice, I will take the deal. I hope to get one on the next week, to take advantage of Conquest Cash. |
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Can anyone comment on Advertising Fees. I saw a dealer invoice for an 08 Enclave CXL AWS in the Pittburgh, PA area, and there were two additional items on the invoice that was not expecting. - $450 for LAM Dealer Contribution - $450 for LAM Group Contribution Are these Advertising Fees? Should I expect to include this amount in any calculations for dealer invoice price? Thanks in advance.
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On a 36 month, 15k miles per year fully loaded CXL in NY with an excellent Credit rating and $0 down. Any help is appreciated as I'm trying to line up my options as my X5 lease is coming to an end.
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Replying to: lwolf99 (Jun 26, 2007 10:42 pm) |
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Replying to: lwolf99 (Jun 26, 2007 10:42 pm)
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Replying to: ody02tjk (Jun 28, 2007 9:25 am) Now I have to turn my attention to the lease figures. They originally quoted me 7.7% for the lease rate. I have a 790 credit score - so I should be able to get the best rate available. Car_man reported a few weeks ago that GMAC was offering 7.2% on a 24-month lease. My questions are: 1) is 7.2% pretty much the best rate I should expect? 2) should I insist they use GMAC, or does anyone recommend any others? 3) what is a reasonable lease aqusition fee to pay? They had quoted $495, but it has been a long time since I leased, so I am not sure what is a good or bad deal. As always, thanks in advance.
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Based on your figures from your prior posts, I came up with the following costs from the Edmunds lease site: MSRP = $45,465.00 Vehicle Cost = 42,604.63 Sell price = $42,604 (Invoice plus $200) Lease Aquisition fee = $495.00 Fees = $177.50 Sales Tax (assuming 7% in Pittsburgh) Customer Cash Rebate: $1000 (Conquest Rebate) Cash Down Payment: $0 My Trade-In Value: $0 Lease Term (months): 24 Lease Residual Value: $30381 Money Factor: .003 or 7.2% Miles Driven per Year: 15000 Acquisition Fee: $495 Security Deposit: $0 Total Amount to be Financed: $42,521 Monthly Payment (tax included): $775.25 Your up front $ should only be the first month's payment and the $177 fees. With your credit scores close to 800, they should give you the best lease rate GM offers. Also, shop around with banks or credit unions you do business with, and ask for their lease rates before you go back to this dealer. FYI, when I was negotiating, they told me that I did not need to place a security deposit, since my credit scores were above 700. Also, with at 750 credit score, I was quote 7.2% lease rate. This statement came from 4 different Buick dealers. I would also advise that since it is the day before month end, you call and inform them you will take delivery tomorrow, ONLY if they meet your price. If they try to hit you up for any more $ then quoted above, then walk. GM will have more deals in the coming summer months.
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Replying to: lwolf99 (Jun 28, 2007 6:43 pm) |
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Replying to: ody02tjk (Jun 29, 2007 9:16 am) I have seen GMAC Lase Rates of 7.2% for 24-month lease, assuming excellent credit score. Would that same rate apply for a 39-month lease?
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Replying to: lwolf99 (Jul 02, 2007 4:26 pm) I just got my Enclave. CXL, AWD, Cocoa Metallic, Luxury Package, Drivers Convenience Package, Entertainment Package #4, Trailering Package, and Dual Moonroof. It was a dealer demo, with about 800 miles on it. I agreed to $200 over invoice, minus $1000 Conquest Cash Rebate, equals $800 under dealer invoice. I got a SmartLease from GMAC, 39-month lease, with 59% residual. It was a dealer demo, with 800 miles on it. I wished I could have got one with zero miles on it, but there were absoletely no Enclaves in inventory in the Greater Pittsburgh, PA area, that had the Trailering package. I found a few similarly configured ones withotu the Trailering package, but I wanted the hitch. I could have ordered, but the Conquest rebate was ending, so I took the deal. Dealer was nice (Budd Baer, Washington, PA). They originally offered $1300 over invoice, and 7.7% lease rate. When then came down to $200 over invoice and 7.2% lease rate, I agreed. |
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