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Chevrolet Traverse Lease Questions

245 messages,  Last post on Jun 15, 2013 at 7:58 AM

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What is this discussion about? Chevrolet Traverse, Car Buying, Car Leasing, SUV

    

Messages Page 7 of 26

#52 of 245 Re: Car Man - Question [ethandane] by Car_man HOST

Feb 22, 2010 (4:15 am)

Replying to: ethandane (Feb 17, 2010 7:57 pm)
Here you go, ethandane. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Traverse LT1 AWD with 12,000 miles per year are 1% and 46%, respectively.
 
The numbers for the Traverse LT2 AWD are exactly the same. The lease rate for the Traverse LTX AWD is the same, but its residual value is 48%.
 
In February General Motors is providing a $2,200 cash incentive on leases of this truck through GMAC plus $1,000 bonus cash and $1,000 conquest cash for current owners of select vehicles.
 
I don't see why GM's supplier purchase program wouldn't bee available on leases. Any available cash incentives would be deducted from GM's low supplier purchase price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#53 of 245 Traverse LT2 AWD lease by stormy111

Feb 25, 2010 (2:57 pm)

Car Man - you've done good for us every time we've needed info on a lease, so here goes:
 
Traverse LT2 AWD lease
 
MSRP: $41,140.00
-Lease Payment: $556.00 for 36 months
-Due on Signing: $1316.00
-Residual $19,335.00 (47% factor)
Take delivery by end of February (Monday)
 
I am also a Toyota owner (think that's worth $1k). I thought I had also seen GMAC lease cash $2.2k and $2k rebate for President's Day that expire Monday.
 
Thanks in Advance,
Leasing In Central CT

#54 of 245 Lease deal or no deal? by pmny

Mar 09, 2010 (8:55 pm)

Traverse LT2 AWD lease
  
MSRP: $40,615.00
-Lease Payment: $550 for 39 months
-Due on Signing: $1500.00
-Residual - 46%
-Interest rate - 0.96%
 
Is this a good deal? What are the current lease rebates available in NYC area?

#55 of 245 2010 Traverse LT1 AWD Lease by jrg1111

Mar 10, 2010 (1:17 pm)

Does anyone know the residual value and money factor for a 2010 Traverse LT1 AWD Lease? Figure a 36 or 39 month lease and 12,000 miles a year. Looking in NJ. Thanks.

#56 of 245 Re: Lease deal or no deal? [pmny] by stormy111

Mar 10, 2010 (2:36 pm)

Replying to: pmny (Mar 09, 2010 8:55 pm)
PMNY:
 
I'm in the message b4 you on the board - I never heard from Car_Man but we took our deal - your's looks real similar. 0.9% leasing is thru US Bank, not GMAC. Ever since Traverse hit 2010 SUV of the Year in Consumer Reports the supply has been drying up and the price has been going up.
 
--Leasing in Central CT

#57 of 245 Re: Lease deal or no deal? [stormy111] by pmny

Mar 11, 2010 (7:05 am)

Replying to: stormy111 (Mar 10, 2010 2:36 pm)
Thanks stormy. I've heard the same thing about the price actually going up due to limited supply. I'm going to take my deal as well. It really is a nice vehicle and roomier and better on gas than its competitors. Best of luck with yours.

#58 of 245 Re: Traverse LT2 AWD lease [stormy111] by Car_man HOST

Mar 15, 2010 (2:42 am)

Replying to: stormy111 (Feb 25, 2010 2:57 pm)
Hey stormy111. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Traverse LT2 AWD with 15,000 miles per year are 1.0% and 45%, respectively.
 
General Motors is currently providing a $1,920 cash incentive for leases of this truck through GMAC.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#59 of 245 Re: 2010 Traverse LT1 AWD Lease [jrg1111] by Car_man HOST

Mar 15, 2010 (2:44 am)

Replying to: jrg1111 (Mar 10, 2010 1:17 pm)
Hello jrg1111. Here you go. 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 45%, respectively.
 
When negotiating your lease on this vehicle, make sure to take advantage of the $1,920 cash incentive that is available on leases of it through GMAC this month.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#60 of 245 Re: 2010 Traverse LT1 AWD Lease [Car_man] by jrg1111

Mar 15, 2010 (8:31 am)

Replying to: Car_man (Mar 15, 2010 2:44 am)
Thanks, Car Man. One other question -- does the rate/residual change if I go with an LT2?

#61 of 245 Re: Traverse LT2 AWD lease [Car_man] by stormy111

Mar 23, 2010 (11:17 am)

Replying to: Car_man (Mar 15, 2010 2:42 am)
Car_Man:
 
Took our lease deal but the Chevy Dealer leased us thru US Bank - 36 month 0.9%, 15k miles and a 47% residual. A couple of questions:
 
1) Do different leasing firms offer different residuals on the same model?
2) The dealer steered us away from GMAC due to a $2000+ lease inception fee - said US Bank only charged $695 - do lease inception fees vary this much?
3) US Bank lease has gap insurance built-in - do GMAC leases?
4) We turned back a 2008 Prius to Toyota that was going off a 2 year lease - in the process of closing out Toyota Motor Credit lease, they told us we could extend lease on month-2-month basis for up to a year at the same payment (about $500/month). At the end of the next year, the residual value would have gone from $16400 to about $12000. I didn't know leasing companies could extend lease month-2-month - is this common?
 
Thanks,
Stormy111

Messages Page 7 of 26

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