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
#262 of 286 Re: Can someone please help me do some math on a lease? [mr300eclass]
Aug 03, 2013 (8:27 am)
Thanks! The deal I listed is their advertised internet special, but it was still based off of MSRP so I figured there was still a good amount of wiggle room. The first dealer I went to told me that the invoice rate was only $700 under the MSRP so I shouldn't even bother negotiating. Needless to say I'll be finding a new dealer.
Side note: I live in Oregon so we don't have a sales tax thankfully.
I was guessing (because I don't exactly know how to do the math), that something at $0 down, $329 a month would be doing the deal "near invoice". Is that an acceptable offer? Good? Bad? Ugly? If money down is required then I'd just take it straight off the monthly payments.
Aug 03, 2013 (10:01 am)
Leased 2014 Traverse LTZ last week had 10 miles on it. Pittsburgh, Pa
Turned back in leased 2010 LT1 Traverse 17500 miles only options were rearview camera and steps.
Options on 2014 were:
My Link Navigation System
Black Metallic Color
Hit The Road Package
Cargo Convenience Package(included Cargo Security Shade)
No Money Down/39 months
CAP Cost $41,944
Lease Payment $404
Annual Mileage 10,000 miles
#264 of 286 Re: 2014 LTZ [chris0076]
Aug 03, 2013 (7:58 pm)
You got a good deal as long as you don't put on a lot of
Miles. 10k a year would not work for me. My last leased car was a honda and I had 15k miles per year and still went over by 7k miles at end of lease. Honda is awesome and ate $1100 worth of those miles and I only had to pay $700!!
I don't think GM would do that!! I almost bought a pilot touring but liked this truck better!!! Onstar is cool with phone app! But after they 6 months onstar will try to hit you with crazy fees to continue!
Does anyone know about the tow hitch package.. I got a hitch package and I got a wire in my glove box that does not fit into anything.. I did not
Get a wire that can fit the socket next to hitch. Anyone get this wire!!
#265 of 286 Re: 2014 LTZ [mr300eclass]
Aug 04, 2013 (4:30 am)
I retired a few years ago so I don't drive that much.
As you can tell by the Traverse I turned in with only 17,000 miles and nearly 4 years old.
I would have had less than that but I took a road trip to see my son in Florida and that accounted for nearly 3,000 of the miles.
I really like the Traverse for it's handling and smooth ride. First time I have ever bought the same vehicle back to back in over 50 years of buying cars.
#266 of 286 Re: 2014 LTZ [chris0076]
Aug 04, 2013 (7:29 am)
Well that's a pretty good testament to the Traverse!
Anyone have any idea if a $329/month, $0 down 36 month lease on a LS AWD is a good buy? Or should it be less? It has an invoice price of $30,385 after the $1,500 factory rebate.
#267 of 286 Re: 2014 LTZ [chris0076]
Aug 04, 2013 (7:55 am)
I forgot to add that when I turned in the 2010 they wrote off my last 3 lease payments
#268 of 286 Residual rate on a 2013 AWD LS?!?
Aug 06, 2013 (11:14 pm)
I would LOVE to quickly know the current residual rate on a 2013, AWD LS if anyone knows it!
Thank you so much!
#269 of 286 Re: Residual rate on a 2013 AWD LS?!? [strider_gts]
Aug 07, 2013 (4:33 am)
Don't know the rate on the LS, but my 2014 LTZ was 56% that was for 39 months. It will depend on the number of months your leasing for. The longer the lease the smaller the %
#271 of 286 Re: Lease on LS [strider_gts]
Aug 07, 2013 (8:13 am)
That appears to be in the ball park. I just looked my 2010 Traverse LT1 lease agreement which was for 48 months and my residual was 39%. That was in Jan. 2010.