Last post on Dec 05, 2013 at 1:18 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Traverse, Car Buying, Car Leasing, SUV
#239 of 286 Chevy traverse 2lt for 36 mo lease/12,000 mi.
May 12, 2013 (6:06 am)
it lists for 43,380, does anyone know how low a price I may expect to pay for this in Indiana.
#240 of 286 Re: Traverse LTZ FWD lease residual and rate [jaxart]
May 20, 2013 (2:59 pm)
I do. Ally's May base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Traverse LTZ FWD with 15,000 miles per year are 1.5% and 56%.
General Motors is providing a $2,000 cash incentive on 36-month leases of this truck this month.
Prices Paid: Buying & Leasing Experiences Forum
#241 of 286 Chevy Traverse 2013 1LT MSRP $35,965
Jun 02, 2013 (4:53 pm)
Would love to hear your feedback in regard to a lease my wife picked up yesterday. I feel we could have done better but she's not the type to extend the process more than a day and get a better deal. All fees rolled into lease.
Sales Price $34,400
39 month Lease 1.5% Lease Rate, residual 54%. 15,000 miles/year
Trade in $15,000, payoff amount $14,623.53, net trade allowance $876.47.
Breakdown from Ally.
Itemization of Gross Cap Cost
Agreed upon Value of the Vehicle $34,400.00
Ally Admin Fee $595.00
License/registration/title fees $103.45
Sales Tax $1,007.40
Cap Reduction Tax $278.44
Document Fee $250.00
Total Gross Cap Cost $36,634.29
Itemized Cap Cost Reduction
Trade in Allowance $876.47
Lease Cash $2,000 .00
GM Card $1,500.00
First Month Payment -$398.73
Total Cap Cost Reduction $3,977.74
Adjusted Cap Cost $32,656.55
Residual Value $19,421.10
Depreciation Amount $13,235.45
Rent Charge $2,315.02
Total of Base Scheduled Payments $15,550.47
# of Payments 39
Total Scheduled Payment $398.73
Purchase Option at End of Lease Term $19,421.10
In the end $398.73 for 39 months, 15,000 miles/year.
#242 of 286 Is this lease price reasonable?
Jun 03, 2013 (7:09 pm)
I'm expecting a lease payment for a 2013 Chevy Traverse, AWD LT1, with quad seating [no other options] to be around 380 dollars. I factored a MSRP of 37,000; final sale price of 33,400, down payment f 500, sales tax 6%, 1.5 bank rate, and 58% residual value.
I'd be happy with a payment under 395, based on some of the posts on this forum. During my first day of negotiations, 8 dealers told me I was being unreasonable to expect this vehicle for under 400 dollars.
Should I expect dealers to reconsider over the next few days, or am I really miscalculating here?
#243 of 286 Leased Car Appraisals
Jun 13, 2013 (11:23 am)
My Traverse lease will soon be up.
Should I take car to different dealerships to see who will give me the best appraisal price.
I want of course the most equity I can from the car.
#244 of 286 Re: Leased Car Appraisals [chris0076]
Jun 13, 2013 (11:44 am)
What makes you think you have equity in the car?
Even if you somehow did, I don't think they have to give
You anything. It's even in the contract. Unless
You plan on buying/leasing a new chevy, they'll somehow
Consider but highly doubtful.
Throw the keys at them and walk away. It's their problem.
That's why you leased in the first place.
#245 of 286 Re: Leased Car Appraisals [thebigtuna79]
Jun 15, 2013 (6:58 am)
I spoke to the lease manager my local Chevy dealer and he confirmed that based on the appraisal the end of the lease and the residual the customer is entitled to the difference which they could use as a down payment or be given a check and just walk away. Since my 2010 has extremely low mileage and is in mint condition, he told me currently I could be looking around $2,000. I just wanted to see if other GM dealers would have a higher appraisal.
Edmunds itself states customers could have equity in their lease cars.
#246 of 286 Traverse 2LT Lease Deal
Jun 19, 2013 (10:11 am)
I have a deal at a Chevy Dealer for a Traverse 2LT with moon roof and leather seats. The MSRP is 41,340 and the final price is 37,165. They offered me a lease at 387 a month with $8,300 down for 36 months, 15k a year mileage with a buy at $23,151
The 8,300 seems like a large down-payment on a lease. Can someone help me out? Is this a good deal.
#247 of 286 Re: Traverse 2LT Lease Deal [db05]
Jun 24, 2013 (2:39 am)
Hey I got a deal for the same exact car 387/mo but with $3,095 down including 1st month payment, taxes, fees from Exotic Motor World in New Jersey.
#248 of 286 Pay Off Lease Early
Jul 21, 2013 (8:15 am)
With no GM pull Ahead Program available I am considering paying off my last 4 lease payments.
I would like to lease another 2014 Chevy LTZ Traverse before fall.
The current incentives end 09/03/13 and I don't know what the new incentives will be.
Would it be wise to do this now or should I wait and see what the new incentives will be first?