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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 7 of 25

#59 of 240 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 240 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 240 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

#62 of 240 Re: 2010 Traverse LT1 AWD Lease [jrg1111] by Car_man HOST

Mar 31, 2010 (3:21 am)

Replying to: jrg1111 (Mar 15, 2010 8:31 am)
You're welcome, jrg1111. The lease program for the LT2 AWD is exactly the same as the program for the LT1 AWD.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#63 of 240 Re: Traverse LT2 AWD lease [stormy111] by Car_man HOST

Mar 31, 2010 (3:24 am)

Replying to: stormy111 (Mar 23, 2010 11:17 am)
Hi stormy111. Yes it is entirely possible for two banks to have completely different residual values for the same vehicle. Having said that, GMAC's resids are very conservative so I suspect that they are probably fairly similar to US Bank's.
 
The amount due at lease signing can vary from bank to bank as well.
 
I believe that GMAC leases do include gap insurance.
 
Many banks allow consumers to extend their leases past their scheduled end dates at the same payment. I've done this a couple of times in the past with different banks.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#64 of 240 Re: Traverse LT2 AWD lease [Car_man] by autoboy19

Apr 07, 2010 (8:57 am)

Replying to: Car_man (Mar 31, 2010 3:24 am)
Car_man,
 
Do you have the current lease rate, residual and CCR for the 2010 Chevrolet Traverse LTZ AWD and FWD for 36 months and 12k miles per year?
 
Thanks!

#65 of 240 Re: Traverse LT2 AWD lease [autoboy19] by Car_man HOST

Apr 16, 2010 (2:47 am)

Replying to: autoboy19 (Apr 07, 2010 8:57 am)
I certainly do, autoboy19. Here you go.
 
GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Traverse LTZ AWD with 12,000 miles per year are 1.0% and 49%, respectively.
 
The lease rate for an otherwise identical lease of a '10 Traverse LTZ FWD is the same, but its residual value is 2% lower.
 
When negotiating your deal on this truck, make sure to take advantage of the $1,920 cash incentive that General Motors is providing on leases of it through GMAC.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#66 of 240 Re: Traverse LT2 AWD lease [Car_man] by starik

May 06, 2010 (5:45 pm)

Replying to: Car_man (Apr 16, 2010 2:47 am)
Hello Car_man!
 
Thank you very much for your priceless info!
Could you please provide May lease rate and residual% for 36 (or 39) month lease w/15k miles on a Traverse LT1 FWD?
Any lease incentives in May?
My current lease is up, and I need to pick up a new one this coming weekend...
 
Thank you!

#67 of 240 Traverse LT2 and LTZ AWD by ccracin

May 10, 2010 (5:58 pm)

Hi carman, I have to say the information you provide is outstanding. I currently have an Outlook XR AWD lease coming to an end in June. I am interested in the current lease factors and residuals for the Traverse LT2 and LTZ AWD's. I would be interested in 12K and 15K 36 month leases. We are able to use the GM employee pricing if it makes sense. Any information you can provide would be helpful. I am in southwestern PA. Any incentives? Thanks for any information you can provide. I will be posting the same questions in the Acadia forum.

#68 of 240 Re: Traverse LT2 AWD lease [starik] by Car_man HOST

May 13, 2010 (3:33 am)

Replying to: starik (May 06, 2010 5:45 pm)
No problem starik. GMAC's May lease rate and residual value for a 36 month lease of a 2010 Chevrolet Traverse LT1 FWD with 15,000 miles per year are 1.55% and 42%, respectively.
 
The numbers for an otherwise identical 39 month lease are 1.55% and 40%.
 
When negotiating your deal on this truck, make sure to take advantage of the $2,600 cash incentive that is currently available on leases of it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 7 of 25

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