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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 23 of 24

#220 of 240 Re: January Traverse numbers [Car_man] by upstatebuyer

Mar 03, 2013 (3:43 pm)

Replying to: Car_man (Jan 22, 2013 5:37 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 240 Re: January Traverse numbers [upstatebuyer] by Car_man HOST

Mar 05, 2013 (5:07 pm)

Replying to: upstatebuyer (Mar 03, 2013 3:43 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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#222 of 240 Re: January Traverse numbers [Car_man] by upstatebuyer

Mar 05, 2013 (5:18 pm)

Replying to: Car_man (Mar 05, 2013 5:07 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 240 2013 Traverse AWD 2LT Lease Deal by upstatebuyer

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 240 Re: January Traverse numbers [upstatebuyer] by Car_man HOST

Mar 11, 2013 (4:01 pm)

Replying to: upstatebuyer (Mar 05, 2013 5:18 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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#225 of 240 2013 2LT Traverse by schwalo

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.

#226 of 240 Re: 2013 2LT Traverse [schwalo] by upstatebuyer

Mar 12, 2013 (7:59 pm)

Replying to: schwalo (Mar 12, 2013 7:15 pm)
What's the money factor on this seems high, my msrp was 42255, got down to 389 a month no money down and taxes rolled in. Your residual should be at or higher than 56 and 1.5 was the money factor through ally bank. What other info do u have?

#227 of 240 Re: 2013 2LT Traverse [upstatebuyer] by schwalo

Mar 13, 2013 (11:41 am)

Replying to: upstatebuyer (Mar 12, 2013 7:59 pm)
40965 msrp
 
    39000 sale price
 
    2743 tax
 
 - 4500 rebate
 
     54% residual
 
    39 months
 
    Ally apr 2.5
 
Payment is 459 x39 months
 
Thoughts?

#228 of 240 Re: 2013 2LT Traverse [schwalo] by upstatebuyer

Mar 13, 2013 (12:12 pm)

Replying to: schwalo (Mar 13, 2013 11:41 am)
Ally bank for 39 month lease also has 1.5 money factor along with a residual of 56. Download the lease app called lease calculate, very accurate. I think you might be able to work on the price before rebates just make sure it's close to invoice. Let me know how it goes

#229 of 240 Traverse 2lt final deal by upstatebuyer

Mar 13, 2013 (6:44 pm)

Here's the latest…I ended up putting a down payment down for the same car a two dealerships. I got the lowest price at one and negotiated at the other. I told them I'm buying car the next day who ever had the best price. Final deal was 369 a month, 39 months 1.5, 56 redsidual, I got nothing for my Toyota old lease. Not sure of the final price of the 2 lt yet. The msrp was 42255, 2lt with leather package and moon roof package. Plus I negotiated every other oil change free. Going to pick on 3/13. Final advise negotiate everything individually. Keep in mind the residual is set by the bank, but there is so many money factor rates that change the residual. Also put dealerships at war with each other and don't let them know it, just say thanks and walk out. I feel really good about this deal, I started this out couple weeks ago at 489, these guys have a lot of room to move. Good luck!!!

Messages Page 23 of 24

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