- #39 of 160
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Re: Buick Enclave: Lease Questions [kyfdx]
by slfranks
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Jul 14, 2007 (5:32 pm)
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Replying to: kyfdx (May 08, 2007 6:35 pm)
I went to Buick dealer today for the 2008 Enclave. CXL, AWD with luxury pckg, audio pckg #1, driver convience pckg, 19 in wheel, FRT. Quoted price 38,415. Only want to lease it. No money down. I'll pay first payment upfront and security deposit. 18K miles a year for 36 months. Dealer said money factor was 9% and payment was $791 a month. Dealer said the $1000 conquest rebate would be used toward security payment...residual value at 59%
I think a 9% lease rate sucks for a GM car. For that same payment I can lease a 5 series BMW with a navigation system.
What's going on here?
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- #40 of 160
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Re: Buick Enclave: Lease Questions [slfranks]
by ody02tjk
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Jul 15, 2007 (1:14 pm)
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Replying to: slfranks (Jul 14, 2007 5:32 pm)
You are getting a crappy deal there. Based on the Edmunds lease site, with your quoted sale price (38415), the $1000 conquest rebate, a 3 year residual at $23817, assuming 5% sales tax, and $576 in title and aquisition costs, your payment should only be $709.08 at 9%. When I was shopping last month, the lease factor was 7.2%, with credit scores of 650 or better. Based on your figures, and a 7.2% money factor, your payment should be $659.16. Take these facts back to that dealer, and tell them that you have found 7.2%, as well as the facts from the Edmunds site. If they will not deal, find another dealer. They are trying to add in profit there, and hide it in the payment. They are trying to cost you another $132 a month, or $4752 over the 36 months of your lease.
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- #41 of 160
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Re: Buick Enclave: Lease Questions [ody02tjk]
by slfranks
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Jul 15, 2007 (2:24 pm)
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Replying to: ody02tjk (Jul 15, 2007 1:14 pm)
I agree.. a completely crappy deal. The salesman didn't even know what a money factor was. He said there's no such thing as that in leases. He didn't bother to ask about our credit rating (which is high). Wouldn't use the $1,000 off of the sticker price.
Problem is not too many Buick dealers in my area. Sent e-mails to others with my requirements. Since this was such a bad experience, don't want to waste my time at the dealership.
Can't believe GMC doesn't offer better incentives on Enclave. No wonder they struggle
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- #42 of 160
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Re: lease question [bsc1114]
by vtraudt
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Jul 31, 2007 (1:59 am)
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Replying to: bsc1114 (Jul 06, 2007 5:58 pm)
It would be helpful if you would list the MSRP, Dealer Invoice and the price you actually paid out the door.
Thanks.
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- #44 of 160
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lease question
by js76
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Aug 08, 2007 (7:39 am)
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any possible way to lease an enclave at 400 per month with no money down on a 24 or 36 month lease with 15k miles? If not, do you know of any other suv (7 passenger) that a payment like that would be possible?
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- #45 of 160
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Bad Deal
by nigal4u
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Aug 09, 2007 (4:50 am)
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A 9% finance rate??? There is something wrong with that number! A fool and there money soon part. At those prices they can sit on the lots.
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- #46 of 160
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Car_Man, Lease Terms 36mo & 39mo please!
by desgnconcpts
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Aug 10, 2007 (5:32 am)
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Replying to: nigal4u (Aug 09, 2007 4:50 am)
Hello Car_Man,
There seems to be a lot of confusion on lease terms for the Enclave. Can you post the Residual Value and Money Factor for the following lease terms?
36 month lease/12,000 mi yr, 36 mos lease/15,000 mi yr
39 month lease/12,000 mi yr, 39 mos lease/15,000 mi yr
I know GM has a 39 mo term that's pretty close to 36 mo and since the Enclave has a longer warranty, it might make the monthly payment in IL much more attractive since you can spread the IL taxes put into the lease over an add'l 3 mos!
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- #47 of 160
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Re: Car_Man, Lease Terms 36mo & 39mo please! [desgnconcpts]
by vtraudt
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Aug 10, 2007 (5:58 am)
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Replying to: desgnconcpts (Aug 10, 2007 5:32 am)
I started to look into the Enclave as an alternative to MB R class and Audi Q7 (seemed out of my range); but getting the first quotes, and reading here what the lease conditions are, I come to the conclusion: The R class and the Q7 are actually better deals.
Unless GM is pricing (lease conditions) the Enclave more competitively, it is hard for me to see too many concious (=aware) buyers taking an Enclave over a R class or Q7.
vtraudt
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- #48 of 160
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Re: Car_Man, Lease Terms 36mo & 39mo please! [vtraudt]
by ody02tjk
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Aug 11, 2007 (4:15 am)
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Replying to: vtraudt (Aug 10, 2007 5:58 am)
Your assessments are quite correct between the Audi. Enclave, and R Class. After shopping quite a bit in late May, I went to buy an Enclave. I liked the space, styling, and the way the car drove. However, their was an Audi dealer directly across the streest from the Buick dealer, so I checked there as well. The lease deal they offered me on a CXL AWD Enclave ($45400 MSRP, $40855 sale price with GM supplier pricing) with $0 down, 36 months, 12K miles was $685 a month. I was able to get an Audi Q7 3.6L Premium (with Panorama roof, Infotainment, convenience pkg, 20 inch wheels, and premium Red paint) for only $704 a month. The MSRP on this car was nearly $58K, and the sales price was $53600. Audi is subsidizing their leases with nearly 0% interest, and that is making the lease payments very competitive. Buick has back orders of 2-3 months on the Enclaves, and GM does not need to subsidize the cars (yet). They recently cancelled the $1000 conquest rebate. I did not check much into the Mercedes, besides test driving the GL class. After reading MANY folks posts on Mercedes reliability, and have heard the personal experiences of several friends and neighbors, I was not willing to lease one of Mercedes vehicles. For my money, I got the Audi. I love the way it drives, the huge sunroof, and the Bluetooth connection (which ALL GM cars lack). FYI, my dealer also through in the Audi Care package as well, meaning no maintenance costs for the first 4 years.
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