Last post on Jun 15, 2013 at 7:58 AM
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Chevrolet Traverse, Car Buying, Car Leasing, SUV
Feb 08, 2013 (8:07 pm)
Black Granite Metallic
Hit The Road Package
Leather Surfaced Seating
I had a lot of incentives to apply totaling $7,671.83 broken down below:
GM credit card earnings were topped off to $3,000 from mailer GM sent out
Additional $1,000 promotion with the GM Card on the same mailer
Additional $51.83 (dealer found this on the GM Card, don't know what it's from)
I have a lease on a 2010 Nissan Maxima w/ 6 payments $420/mo left (hence the conquest cash). My original plan was to just bite the bullet and pay the 6 months on the Maxima along with the new Traverse payment. I was shooting for $325/mo. for 2yrs, on the Traverse w/ no money out of pocket, just using the incentives. The Dealer went down to $350 but wouldn't go lower, so I decided to sleep on it.
The Maxima needed tires and there was a disposition fee of $350 or $450 (can't remember exactly) that would be due in August along with these 6 payment's of $420/mo. So I returned to the dealer to see if we could do their number of $350/mo. for the 2yr lease, but I would give them $750 in cash if they could get me out of the Maxima. I had no math to come up with this number I just picked it. They worked on it for a while but simply said it can't be done for that amount because the buyout was too high on the Maxima at $20,500. I asked them what they could do if I gave them $1,000 and they take the Maxima. Final handshake number was my $1,000 out of pocket and a payment of $395-$400/mo. The finance guy wasn't there, so they couldn't give me the actual number until I signed, but assured me it would not go over $400.
I got to pickup the Traverse today and the final number was $383/mo. Obviously, I was expecting $399.99, needless to say I was pleasantly surprised.
So it cost me $1,000 out of pocket for the Traverse $383/mo. w/ the MSRP of $42,310 and I got out of the last 6 payments $420/month of a 2010 Maxima that had a buyout of $20,500, needed about $600 in tires and a disposition fee of around $400. I was satisfied with the deal considering I also live in PA where it's 9% tax when you lease a car.
#217 of 245 Re: Just Leased 2013 2LT [wvubarbuilder]
Feb 08, 2013 (11:34 pm)
Wow, great job. What dealership was this by the way?
I'd be willing to drive to get a great deal from NYC
I'm shopping for a 2013 base LS AWD and
A few dealers are giving me the runaround. I too am coming
Off a lease. I only have 1 payment on my 2010 VW CC which
Is in immaculate condition. CCR is $1620 and conquest is $2000.
I don't have a GM card so don't qualify for that.
Did the dealer confirm the money factor and residual with you?
#218 of 245 Re: Just Leased 2013 2LT [thebigtuna79]
Feb 09, 2013 (9:29 pm)
The dealer was Brown Daub Chevrolet in Nazareth, PA
The money factor and residual that car_man listed for January on the LT is still valid at 1% and 64% respectively. I would guess the January values car_man listed for the LS in replying to your previous post should be too, but I'm just guessing.
I am local to the dealership and they were very interested in where I lived for repeat business. That might give me a little advantage vs. what they'll do on out of state deals. I also made it known to them that I have another lease w/ Nissan that's up in 18mo.
I'm not sure what the rules are on this forum, but I entered "car lease calculator xls" in google and used a spreadsheet that came up with the first hit to get an approximation on what the payment should be.
#219 of 245 Re: Just Leased 2013 2LT [wvubarbuilder]
Feb 22, 2013 (11:06 am)
Ended up finalzing a deal with a local lease broker here in NYC. All of the local Chevy dealerships in NY/NJ were giving me the run around. Picking up the truck on 2/28 (last day of the month) to qualify for this month's deal.
2013 LS AWD
Sticker : $33,370
27 month lease with 10K miles per year (22,500 miles total)
Total due out of pocket : $639.05, which includes 1st month payment of $289.05, plus $350 which covers NY Plates/DMV and their "doc" fee.
26 payments of $289.05. No disposition fee as the lease is thru Ally Bank.
Residual was 69% and MF was 1% (thanks car man)
This is the cheapest deal I could find. Im pretty happy with the payment, especially that im at $289 a month on a close to $34K truck with nothing out of pocket really.
I did not end up trading in my VW, so I have another month that it will overlap with my new truck.
The Honda Pilot, Highlander and CX-9 were leasing nowhere near this truck.
#220 of 245 Re: January Traverse numbers [Car_man]
Mar 03, 2013 (3:43 pm)
Hey Car_man. Looking to lease a 2013 traverse 2lt AWD with leather package, MSRP is 41265.00 including a 860.00 destination charge.
Dealer quoted me 39,300 selling price, not sure if that was from any incentives or not. I believe there is 1000.00 + 500.00. with 0 down and I was rolling in the taxes , plates and other fees. 12k miles per year
The dealer quoted me payments of 479.00 x 39 months with a 56% residual value (23,108)but wouldn't at that time go over the money factor. (I think they were trying to see what price per month I was thinking) but I said thanks and left.
Based on what I am reading in these posted I believe I could get a much better deal than that.
Wondering what your thoughts were?
Please let me know what you think would be greatly appericated
#221 of 245 Re: January Traverse numbers [upstatebuyer]
by Car_man HOST
Mar 05, 2013 (5:07 pm)
Hi upstatebuyer. You provided a ton of details in your post, good stuff. OK, you were quoted a discount of $1,965 on a truck that has a spread of around $2,139 between its full MSRP and its dealer invoice price. That's a great selling price...if the dealer is subtracting all of the available cash incentives from that.
Specifically, right now GM is providing a $2,500 cash incentive on 36-month leases of this truck plus another $500 on top of that in certain areas. As you can see, this isn't a good deal if the dealer isn't subtracting this cash from the selling price that you mentioned.
Ally's current base lease rate for a 39-month lease of this vehicle is 1.5%. Make sure that they use it to calculate your payment.
Prices Paid: Buying & Leasing Experiences Forum
#222 of 245 Re: January Traverse numbers [Car_man]
Mar 05, 2013 (5:18 pm)
Awesome thanks! So they just called me back and they did offer me another 500 off. They also stated they changed the money factor down to 2.52% and a resdiual value at 58%, he now quoted me at 433 a month for 39months, math still doesn't work out. Do you know what the actual residual is for a 39 month? Also I am coming off a Toyota lease right now would I qualify for that 2k conquest offer I see on the Internet? Thanks again
#223 of 245 2013 Traverse AWD 2LT Lease Deal
Mar 09, 2013 (2:31 pm)
So after further negotiation here's where we stand
So options power sunroof, heated leather.
Comes out to MSRP of 42555.00. Selling price down to 40200.00
I am rolling everything into the lease total price is 41292.00
They are giving me 5000.00 total rebates (2k in conquest lease, 1500 in cash, 500 in IVC coupons and another 500 if I buy before the 3/14, 500.00 in holdback split)
Net cap cost: 37916.90
Ally finance at 1.5 money factor with 56% residual)(23830.80) 12k mileage
also paying first month so I would owe 38 months
400.31 per month for 38 months. (they quoted me at 399.99 a month though)
***they quoted me 439.00 on a LTZ same deal MSRP at 46105.00(selling price at 43407.21)***
Let me know what everyone thinks. I think based on my homework both are a good deal. I think I will go 2LT in case I buy at the end of lease, not looking forward to buying 20" tires)
#224 of 245 Re: January Traverse numbers [upstatebuyer]
by Car_man HOST
Mar 11, 2013 (4:01 pm)
You're welcome upstatebuyer. The residual value for a 39-month lease of this truck with 15,000 miles per year is 54% through Ally.
Since you are coming out of a Toyota lease, yes you should be eligible for the $2,000 cash incentive for conquest customers that you've seen mentioned.
Prices Paid: Buying & Leasing Experiences Forum
#225 of 245 2013 2LT Traverse
Mar 12, 2013 (7:15 pm)
Hi.. I hope you can help me.. MSRP is 41,000 selling price is $34,500 and was quoted $489/mo for 36 mos lease, 15K miles, 0 down with taxes rolled in. I live in IL
Is this a good monthly price or should I look for lower?
Thank you in advance.