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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 5 of 25

#36 of 240 Re: Traverse AWD LT2 Lease Numbers [cats13] by Car_man HOST

Nov 10, 2009 (4:25 am)

Replying to: cats13 (Nov 01, 2009 11:27 pm)
Hi cats13. The GMAC base lease rate and residual value for a 39 month lease of a 2010 Chevrolet Traverse FWD LT2 with 15,000 miles per year are 1.0% and 38%, respectively. I haven't seen the US Bank program for this truck recently, but I wouldn't be surprised iff it was very similar to the GMAC program.
 
The residual value for an otherwise identical lease of an AWD model would be 2% higher. I believe that dropping from 15,000 to 12,000 miles per year increases the residual value by 2% as well.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#37 of 240 Re: Lease of LT1 question for car man [wnuk] by Car_man HOST

Nov 10, 2009 (4:29 am)

Replying to: wnuk (Nov 02, 2009 11:53 am)
Hey wnuk. GMAC's November base lease rate and residual value for a 48 month lease of a 2010 Traverse LT1 AWD with 12,000 miles per year are 1.95% and 38%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#38 of 240 Lease of LT1 question for car man by wnuk

Nov 12, 2009 (12:19 pm)

Thanks for the info car man. We decided that 48 months is too long for a lease and will likely look for a 36 or 39 month lease on the same LT1. Do you know if GMAC is still offering the $1900 lease rebate it did in October? Maybe it has increased or decreased? Could you provide the m.f. and residual for a 39 month 12000 mile lease on the LT1?
 
Thanks again.

#39 of 240 2010 Traverse lease by cintiwestguy

Dec 02, 2009 (6:26 pm)

Wife wants to lease a traverse.Preferrably an AWD LT2. A dealer said GM came out with "fantastic" December deals. Any guidance on lease numbers would be great. Or, a range of what a fair payments would be. We are in Cinti, Ohio if that makes any difference. Terms - 36/39 mos, 12k per year and $0 down.
 
Thanks in advance.

#40 of 240 Re: Lease of LT1 question for car man [wnuk] by Car_man HOST

Dec 07, 2009 (4:16 am)

Replying to: wnuk (Nov 12, 2009 12:19 pm)
You're very welcome, wnuk. I completely agree. I always lease my vehicles and I personally would never do so for longer than 36 to 39 months.
 
General Motors actually bumped up its cash incentive on GMAC leases of this truck to $2,450.
 
GMAC's current base lease rate and residual value for a 39 month lease of a 2010 Chevrolet Traverse LT1 AWD with 12,000 miles per year are 1.0% and 40%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#41 of 240 Re: 2010 Traverse lease [cintiwestguy] by Car_man HOST

Dec 07, 2009 (4:19 am)

Replying to: cintiwestguy (Dec 02, 2009 6:26 pm)
Hi cintiwestguy. You should be able to get a decent idea of what this truck's lease program is currently like by checking out my previous post. If you have any additional questions that it doesn't answer, please let me know.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#42 of 240 Lease Terms by cpaman

Jan 14, 2010 (8:12 pm)

Carman,
 
     Any info on January or February lease terms for the Traverse, 36/39 month lease?

#43 of 240 2010 Traverse with 4000 miles by yorkiesrul

Jan 16, 2010 (10:21 am)

I am supposed to sign for a 48 month lease today, but the vehicle has 4000 miles on it, driven supposedly by the owner of the dealership. The sales manager is using the sticker price, even with the miles!! He says he is giving me .10 cents a mile/ $400.00 in check form today, does this sound like a bad deal to anyone but me? After incentives, my monthly payment would be $490.00

#44 of 240 Re: 2010 Traverse with 4000 miles [yorkiesrul] by purchasingsoon

Jan 16, 2010 (3:52 pm)

Replying to: yorkiesrul (Jan 16, 2010 10:21 am)
Personally I would not do this deal. Leasing is complicated enough, but trying to place a value on a car that already has 4k miles on it? How does that work? Trying to get a fair deal on this vehicle is going to be very difficult, the dealer is probably going to come out way ahead particularly if you pay for it (lease it) as though it is new. You'll have to keep a close eye on the fine print, most notably regarding the penalty for being over on miles at the end of the lease.

#45 of 240 Re: 2010 Traverse with 4000 miles [yorkiesrul] by jb_turner

Jan 16, 2010 (6:41 pm)

Replying to: yorkiesrul (Jan 16, 2010 10:21 am)
This car may as well be a used car..... 490 is too high anyways.. run away!

Messages Page 5 of 25

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