482 messages,
Last post on May 23, 2013 at 6:59 PM
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Buick Enclave, Car Leasing, Car Buying, SUV
#384 of 482 2012 Enclave Convenience FWD 24/12k lease
by johnnh
Jun 17, 2012 (8:15 am)
Hi Car man....
I was at a local Buick dealer to Lease a 2012 Enclave Convenience FWD model (MSRP ~ 37,000) and was offered the following options:
Current Buick Offer for 10 k Lease is $3200 down payment, $299 monthly + fees + tax.
Offered choices:
24 months /12 k Lease for $ 364/mon
36 months /12 k lease for $ 391/mon
39 months /12 k lease for $ 383/mon
(all above offers with 2 yr free maintenance, On Star, and XM radio).
With my 1st requested offer is 2000 down, dealer wants a monthly payment of $385/mon. What would be the best monthly rate that I should seal the deal? Any thoughts/recs......
Many thanks.
#385 of 482 Re: Car Man, What do you think ? Good Deal or Bad Deal? [cargirl123]
by Car_man HOST
Jun 18, 2012 (3:57 pm)
Hi cargirl123. The dealer invoice price of the truck that you're interested in is around $39,063. So the price that you were quoted is around $800 over invoice...which isn't bad. The cash incentive that you were given looks good, through the lease rate looks slightly high. I believe that the rates for US Bank and Ally are 1.0% or lower. It isn't much of a difference, but it's worth looking into.
Car_man
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#386 of 482 Re: 2012 Enclave Convenience FWD 24/12k lease [johnnh]
by Car_man HOST
Jun 18, 2012 (4:04 pm)
Hi johnnh. If I was in the market for a 2012 Buick Enclave right now I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives plus the use of GM's base lease rates.
You can find the exact invoice price of the truck that you want over in the New Vehicle Pricing section of Edmunds.com.
General Motors is currently providing a $2,020 cash incentive on 24-month and $4,445 on 36- to 39-month leases of the 2012 Enclave through Ally.
Ally's current base lease rate is 1.0% for all of these terms.
If you provide me with the exact MSRP and invoice price of the specific model that you're interested in I'd be glad to use the above data to work up a sample payment on it for you.
Car_man
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#387 of 482 Re: 2012 Enclave Convenience FWD 24/12k lease [Car_man]
by mrc123
Jun 26, 2012 (4:19 pm)
I saw the sweet 24 month lease Buick is offering on the Enclave and thought I would be able to get out of the negative equity situation I am always in.
Dealership says the bank will only finance $1000 to $1500 over msrp on a lease.
Is this true?
They didn't even run my credit. They said I have 9000 in negative equity. They have never had a problem rolling it in before 125% above msrp. Are leases different?
If the lease deal is 299 per month and you add in negative equity it should be less than the 736.00 that I am paying now right? Then after 24 months no more negative equity. I can then start over.
#388 of 482 Re: 2012 Enclave Convenience FWD 24/12k lease [mrc123]
by Car_man HOST
Jul 01, 2012 (2:05 pm)
Hi mrc123. What you were told is correct, mrc123. Most banks publish something that is called an MRM, which essentially is the maximum amount of money they will finance on a particular car or truck, for every vehicle that they lease. Dealers are not allowed to exceed this MRM on any transaction. I don't know the exact cap on this vehicle from GM Financial, Ally, or US Bank (the three finance companies that GM runs its leases through), but it is very possible that they will not finance much more than full MSRP on a lease. Keep in mind that most banks are being much more conservative today than they were prior to the financial crisis.
To be honest with you, unless there is some huge reason why you need to get out of your current vehicle now, you would probably be much, much better off waiting until you are less upside down on it to get something new.
Car_man
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Jul 06, 2012 (9:43 am)
Hi, I am trying to get a feel for a good lease offer on a 2012 Enclave Leather AWD. The MSRP is 47,175 with an invoice of 44,845. I am eligible for about $5500 in rebates. I am thinking of putting $3000 down and was wondering what would be a good monthly payment for either 24,36,or 39 months. The dealer sale price right now is $41,625 with rebates included. Thanks for your help.
#390 of 482 CarMan, pls advise...Is this a good deal?
by fabster32
Jul 12, 2012 (11:30 am)
2012 FWD Buick Enclave Leather Group, White diamond Tricoat, 12K miles/yr, $42,020 MSRP; 1st month+tag out of pocket ($685); 39-month lease for $455 taxes included...also dealer takes my 2009 Saturn Outlook XR with 63K miles (owe $16600 vs trade-in value of $15,250) off my hands and pays it off...
#391 of 482 Re: CarMan, pls advise...Is this a good deal? [fabster32]
by Car_man HOST
Jul 19, 2012 (3:57 pm)
Hi fabster32. What is this vehicle's selling price? That number will make your deal much easier to analyze.
Car_man
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#392 of 482 Re: CarMan, pls advise...Is this a good deal? [Car_man]
by fabster32
Jul 19, 2012 (4:11 pm)
$37,550
#393 of 482 Need help carman
by greez82
Jul 19, 2012 (11:47 pm)
Carman,
Can you please post the money factor and residual for the awd enclave with leather
Looking for both 36 month and 24 month numbers 12k/mi
Also can you please let me know of all cash on this vehicle ( I have a trade as well)
Thanks