Last post on Dec 11, 2013 at 4:33 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Traverse, Car Buying, Car Leasing, SUV
#242 of 288 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 288 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 288 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 288 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 288 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 288 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 288 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?
#249 of 288 2014 Chevy Traverse LTZ $459 LEASE Deal
Jul 24, 2013 (4:06 am)
I brought home a fully loaded MSRP $49,540 2014 Chevy Traverse LTZ and got an amazing deal! I priced this car at 12 different dealerships and none could even come close!!
Since this was a 2014 there is really no Chevy incentives except the $500 cash back!
I am not a sucker and I stood my ground and told all 12 dealerships this is the only deal I would make.
Anyway here is my deal!
I got OVER 5 thousand off sticker. My lease paperwork shows I bought this car for $44,000. I leased it and with 15k miles per year and a residual value of 58% and $3000 total cash out of pocket that was applied to my NJ taxes, first month payment and all dealer fees, license plates etc.
The GM even bought my family dinner and told me to only give him $2,830 and to keep the other $170 for a steak dinner on him!
WOW!!!! All other dealerships the other 11 were just greedy and stupid and would rather make nothing then move a car!!
Veh MSRP $49,540 (fully loaded)
36 MONTH lease
$2830 total cash out of pocket
15K MILES per year
$459 month payment
Financing through ALLY (800 credit score)
Deal was done on July 23, 2013
No back door fees and a deal that 11 other greedy dealerships could not touch!!!
All reading don't be a sucker and stand your ground and tell
the dealerships where to go if they don't like your numbers and what you want to pay!!!
Dealer ships always make money and don't believe the stupid invoice prices and dealer incentives are just extra money dealerships pocket!
Invoice prices are no where near what a dealer pays for that car!!
I read some of you got suckered into 39 months or putting more then $5000 cash down these are signs of you being taken from Behind!!
You should always stick to a 10% off MSRP price to negotiate your deal. $50,000 car $5000 off sticker, $30,000 car $3000
I have been leasing cars for 15 years and this has always worked for me!!!
#250 of 288 Re: 2014 Chevy Traverse LTZ $459 LEASE Deal [mr300eclass]
Jul 24, 2013 (4:04 am)
That is an amazing deal. I have only dealt with 3 different dealerships on leasing a Chevy Traverse LTZ ( and all 3 dealerships are telling me I would need at least 5 to 6000 down on 48 month lease nearly $500 per month. Plus the LTZ I wanted was not fully loaded (MSRP 45,000) . How did you do it?
I need your expertise fast
#251 of 288 Re: 2014 Chevy Traverse LTZ $459 LEASE Deal [chris0076]
Jul 24, 2013 (4:26 am)
Hi, I stood my ground!!! Dealerships are very desperate right now. Look at all the car commercials on TV. I know most dealerships will give you and push a deal on a 2013 because of the money rebates available from GM.
Out of the 12 dealerships, only one other came close to this deal. That dealership offered me a similar deal but at $479 on a 2014 TRAVERSE LTZ with a MSRP of $48,700. It did not have the hit to road package and all weather resistant mats..
They would not budge on the $479 and they had 10 2014 Traverse LTZ in stock!!
That is the funny thing!!! 10 of these in stock and another dealership with only one in stock with a higher MSRP BEAT their deal !!
Also the other dealership wanted to use US bank which I heard has back door fees and microscopes the car when you return it!!