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Chevrolet Traverse Lease Questions

240 messages,  Last post on May 20, 2013 at 3:59 PM

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What is this discussion about? Chevrolet Traverse, Car Buying, Car Leasing, SUV

    

Messages Page 21 of 25

#195 of 240 Traverse lease using GM Family First Discount by amomonthego

Jul 25, 2012 (11:39 am)

Car_man;
 
I am looking at leasing a 2012 traverse 1LT possibly 2LT. I qualify for the GM Family First discount and GMFF recently posted lease deals.
 
 https://www.gmfamilyfirst.com/GMVPP2/agency/programs/emp/GM-Lease-Offer-Flyer.pd- f
 
The LS is listed at $189 month with $189 down plus DMV and bank fees for 24 months with 20k total miles. The dealer told me if I go with 1LT, it would be about $40 more per month. Does that sound about right? What Is the avg money factor and current residual for the 1LT right now? Am I also able to increase the mileage allowance to say 12k per year? How is the additional mileage charge calculated?
 
I currently lease a 2011 Honda Pilot 4WD Touring for $700/ mo (ouch) and it guzzles gas like nobodies business. I work from home and still spend $300-$500 in gas per month. This is the reasoning am looking for a cheaper car payment with a Traverse as I am already used to the gas factor. I can do without all the bells and whistles that I have in the Honda.
 
I have taken the car to a few dealers and have been told they would give me roughly $31,000 (23,000 miles) and the current payoff is $34,225 so the rest would have to roll over into my new payment. How much am I looking at adding to any payment for say $3200 added?
 
Thank you for your input!
 
Jennifer

#196 of 240 Lease stuff by 62vette

Jul 25, 2012 (8:08 pm)

I have seen the following on TV and on chevyoffers.com. Do you think this prices will be matched locally for people looking for these? The adds are in NY, I am in CA. These prices seem good, any thoughts?
 
2012 Traverse FWD LS
Low Mileage Lease Example for very well qualified Non-GM Owners and Lessees.
$199 per month* for 24 months
$749 due at lease signing.
Includes security deposit.
Includes all applicable offers.
(Tax, title, license, dealer fees extra). Residency restrictions apply.
  
*Example based on national average selling vehicle price. Each dealer sets own price. Your payments may vary. Payments are for a 2012 Chevrolet Traverse FWD LS with an MSRP of $29,490.12. 24 monthly payments total $4,769. Option to purchase at lease end for an amount to be determined at lease signing., plus $350 or turn in vehicle and pay a $395 termination fee. Lessor must approve lease. Take delivery by 09-04-2012. Mileage charge of $.20 /mile over 24,000 miles. Lessee pays for maintenance, repair and excess wear. Payments may be higher in some states. Not available with other offers. Residency restrictions apply.

#197 of 240 Re: Traverse lease using GM Family First Discount [amomonthego] by Car_man HOST

Aug 02, 2012 (4:27 pm)

Replying to: amomonthego (Jul 25, 2012 11:39 am)
Hi Jennifer. It looks to me as though this negative equity will add around $100 per month to the payment of this Traverse.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#198 of 240 Re: Lease stuff [62vette] by Car_man HOST

Aug 02, 2012 (4:31 pm)

Replying to: 62vette (Jul 25, 2012 8:08 pm)
Hi 62vette. Consumers who are in an area that has a decent level of competition, and most parts of California certainly qualify as this, should be able to actually beat most manufacturers' official advertised payments.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#199 of 240 Current Lease Cash? Car Man? by kartdad

Aug 23, 2012 (3:55 am)

Been trying to find the current lease cash incentive through Ally on the Traverse. I just got $5700 lease cash rebate on my Volt. Is it still $4,725?
 
Thanks!

#200 of 240 2012 traverse lease by davidmarz

Aug 25, 2012 (3:09 pm)

Chevy currently offering 24 month lease on Traverse 1LT 2 wd
$1839 at signing includes security deposit
$239 a month
Any comments on attractiveness of this deals?
 
Thanks

#201 of 240 Re: Current Lease Cash? Car Man? [kartdad] by Car_man HOST

Aug 26, 2012 (7:37 am)

Replying to: kartdad (Aug 23, 2012 3:55 am)
Hey kartdad. General Motors is currently providing a $2,975 cash incentive on 36-month leases of this truck through Ally. GM actually cut back on its lease cash incentives on a number of models a month or two ago when it raised its residual values for them. So even though the cash looks lower, the net effect is the payments are about the same as they were.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#202 of 240 lease on 2012 traverse - Carman? by royals1969

Sep 02, 2012 (4:06 am)

I was quoted $220 a month lease at 10K - 24 months for the 2012 base FWD traverse. Everything in payment except DMV and 1st. Total out of pocket $400 at signing. Sale price after all rebates is $22,700. Want to know if this is best i can do? What are the current money factors for the Traverse LS?
Thank-You

#203 of 240 Re: lease on 2012 traverse - Carman? [royals1969] by Car_man HOST

Sep 18, 2012 (3:56 pm)

Replying to: royals1969 (Sep 02, 2012 4:06 am)
Hi royals1969. Chevrolet's September base lease rate and residual value for a 24-month lease of a 2012 Chevrolet Traverse Base FWD with 10,000 miles per year are 1.0% and 66%, respectively.
 
When negotiating your deal on this truck, make sure to take advantage of the $3,225 cash incentive that is currently available on 24-month leases of it through Ally.
 
It's outstanding that you know what this truck's selling price is, but I need a reference point like its MSRP or dealer invoice price to compare it to. You should be able to find that data over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#204 of 240 Re: lease on 2012 traverse - Carman? [Car_man] by juna

Oct 07, 2012 (4:34 pm)

Replying to: Car_man (Sep 18, 2012 3:56 pm)
For AWD LS 2012 Traverse w/Blue tooth package and spare tire, I was quoted $1706 due at signing and $195/mo. This is with GM employee pricing, national $3225 cash incentive, and lease conquest discount. Can I do better?

Messages Page 21 of 25

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