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Prices Paid: Buying & Leasing Experiences Chevrolet Traverse Lease Questions
41 messages, Last post on Dec 07, 2009 at 3:19 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Oct 07, 2009 1:54 am) Since it seems that NY is different from other states, would also love to get info on what sort of fees USBank charges in NY and what incentives are available. Much appreciated in advance.
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Replying to: wnuk (Oct 23, 2009 2:31 pm)
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Replying to: djhalptert (Nov 02, 2009 9:37 am) Sorry you misunderstood. I did forgo this deal anyhow as I think leasing for 48 months is just a bit too long. I'll be shopping for a 36 month deal once the November numbers on leases start showing up. Car-Man, any new changes coming for GMAC leases on a Traverse LT1 in November? Or might they stay the same as October? I live in PA> Thanks
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Replying to: wnuk (Nov 02, 2009 10:53 am) MSRP: Sale Price: (negotiated price minus rebates) Down Payment: (trade and/or cash) Fees: (acquistion fee is the only fee I would pay but your state may require plates and/or sales tax here) Residual: Money Factor: Term: Even if you weren't putting down the $8000 trade it was still one of the worst lease deals I have seen. I would never lease for 48 months. I wouldn't even lease for 39 months. You would be responsible for any repairs out of the 3 year, 36,000 mile warranty. I also wouldn't put down $3175. If your lease is totalled driving home from the dealership you WOULD NOT be reimbursed for the money you put down. (You just lost $3175.) Stick to the sign and drive 36 month leases. Use your down payment money to pay your slightly higher lease payments.
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FWIW, thought I'd post what a local Boston dealer offered me on a Traverse 2LT AWD lease. Sticker was $41k and inc a few items; leather, PCP pkg, red jewel paint... 39/12k with start-ups of about $1700 ran $575/mo. 48 mo ran $525/mo Spoke to them about the GMC and Buick siblings and they told me that Chevy has the best lease program amongst the 3; higher residuals, better MF. Seems like that 2LT model is equipped just right, despite not having stnd leather, my preference. But with Bose, back up cam, power tailgate... can't get those in the other two at this price point (don't think so). Hoping November yields better lease programs from both GM and Honda's Pilot; nothing since June/July. Need to get into something like 36-39mo/ 12k/ start-ups only for under $450/mo. Another Chevy dealer faxing me November lease payment for Traverse once they become available. When any of you get word of NEW program data, (ie. MF and residuals) kindly post. I'll do my best also. PS. Does anyone know how GMAC handles credit scores on their Chevy approvals ? Do they offer tiered rates as some leasing co's do, or if you "qualify", you qualify; same rate. I've seen that recently from a few manufacturers, usually on their lease specials.
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Replying to: djhalptert (Nov 02, 2009 3:36 pm) Thanks for your opinion though. Regardless of your conclusion about the deal ("it was still one of the worst lease deals I have seen") I view it quite differently.
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Replying to: djalbe (Nov 02, 2009 4:06 pm) As for tiered credit, I had one dealer quote me 2.5% and 2 other dealers quote me 1.25% on their 48 month leases. None of them ran a credit check. I know Nissan does tiered but I'm not sure on GMAC. I have a dealer supposedly e-mailing me tomorrow with updated numbers for November. If he does, I'll be sure to post back. |
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Replying to: wnuk (Nov 02, 2009 5:23 pm) Do whatever you want, I am just offering my take on it as a guy who has leased 2 GM, 4 Fords, 1 Chrysler, and 2 Subarus. On my last lease the finance guy said we were all done and held his hand out and said thanks and I said, "didn't you forget about the odometer statement?' He replied, "oh, gosh. I did." I said I have done this ONCE OR TWICE OR NINE TIMES. (that was my second lease in under 6 months)
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Replying to: djhalptert (Nov 02, 2009 7:38 pm) |
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Replying to: cats13 (Nov 02, 2009 11:06 pm)
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