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Chevrolet Traverse Lease Questions

246 messages,  Last post on Jun 19, 2013 at 11:11 AM

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

    

Messages Page 9 of 25

#77 of 246 Re: Traverse LT2 FWD - July GMAC lease factors [eleven03] by Car_man HOST

Jul 06, 2010 (2:50 am)

Replying to: eleven03 (Jul 01, 2010 6:17 am)
Hey eleven03. General Motors' June incentives are scheduled to run through today, July 6th. I can give you the details of the June program now and you can check back with me in a couple of days for the details if the new July offers.
 
Through July 6th, General Motors' 36 month base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Traverse FWD LT2 with 15,000 miles per year are 1.55% and 42%, respectively.
 
As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing hem by 2400.
 
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 through GMAC.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#78 of 246 GMAC Current Lease Terms by fitzram

Jul 19, 2010 (11:35 am)

Hey Car Man:
 
Don't know how you do it, but I need a little of your magic info.
 
I'm looking to lease either a '10 or '11 Traverse 2LT or LTZ with 12k/year for 36 mo (or whichever lease term happens to have the best deal). Can you tell me the current int rate (I hear GMAC states their money factors as a rate - no prob...I can convert to a money factor) and residual values?
 
Also are their any incentives offered right now? I can wait until Aug if incentives dried up this month. This will be my 1st Chevy.
 
Thanks for your help.
 
FitzRam

#79 of 246 Re: GMAC Current Lease Terms [fitzram] by Car_man HOST

Jul 22, 2010 (2:44 am)

Replying to: fitzram (Jul 19, 2010 11:35 am)
Hey fitzram. Here's the information that you're looking for .
 
GMAC's July base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Traverse 2LT AWD with 15,000 miles per year are 1.9% and 42%, respectively. The lease rate for the '10 Traverse LTZ AWD is the same, but its residual value for this term is 2% higher.
 
The numbers for an otherwise identical lease of an '11 Traverse 2LT AWD is 3.0% and 48%. The numbers for an '11 Traverse LTZ AWD are 3.0% and 3.0% and 49%.
 
When negotiating your deal, make sure to take the $3,100 cash incentive that is currently available on leases of the 2010 Traverse through GMAC and $800 that is currently available on leases of the '11 Traverse through GMAC into account.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#80 of 246 Question for GMAC Current Lease Terms [Car_man] by tgirlsmom

Jul 27, 2010 (5:18 am)

Replying to: Car_man (Jul 22, 2010 2:44 am)
If a car dealer has a Traverse for $30,099 but a reduced price of $25,827 - what should the cost of a 36 mo lease with 12,000 miles per year honestly be for me? Even an estimate (not the % for lease rate and % residual value) but a workable answer in U S dollars for a person who is not great with all the math would be great. Trying to get this Traverse in the next 2 - 3 days in the Balt / DC area. I have just not be given honest responses (from $445 - $499 per month) from dealers. I would appreciate any help I can get! tks

#81 of 246 Re: Question for GMAC Current Lease Terms [tgirlsmom] by Car_man HOST

Aug 02, 2010 (3:42 am)

Replying to: tgirlsmom (Jul 27, 2010 5:18 am)
Hey tgirlsmom. Let's work up a payment on this truck for you and see what we come up with.
 
According to my calculations, if you were to lease a 2010 Chevrolet Traverse 1LT AWD (this truck's lease program varies by trim level...let me know if you want something different) that has an MSRP of $30,099 and a selling price of $25,827 through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $373.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#82 of 246 Traverse lease (first time poster) by scottfish99

Aug 02, 2010 (12:20 pm)

Carman, nice to meet you. My first time posting here and bascially my first second day reading this forum. You seem to be very helpful here and therefore I have registered to ask you a question.
 
I just left the Chevy dealer in my town (New Jersey) and the wife and I are very interested in the 2011 2LT AWD. (Please note I am not sure if its a 1LT or 2LT)They offered us a 48th month lease at $459 a month. I did not take the deal btw.
 
Compared with the numbers you are talking about in this forum do I have sucker written on my face? lol.
 
Many thanks in advance for your input.

#83 of 246 Re: Traverse lease (first time poster) [scottfish99] by scottfish99

Aug 02, 2010 (12:22 pm)

Replying to: scottfish99 (Aug 02, 2010 12:20 pm)
I should mention the sticker price is a little higher than $35K. Thanks.

#84 of 246 August Traverse Numbers by evans23

Aug 05, 2010 (11:17 am)

Do you have the GMAC's August base lease rate and residual value for a 39 month lease of a 2011 Chevrolet Traverse 1LT AWD with 12,000 miles per year and the 48 month lease numbers

#85 of 246 Traverse 2010 Lease by dataminer

Aug 17, 2010 (3:18 am)

Hi Car_Man
 
I have been offered $435 before tax on a 2010 LS FWD Travserse 36 mnths 12,000 miles (zero down, zero due at signing). Appears to be offering $29,909 as the cap cost and 1.5% "Money Factor" and 52% on residual. They made no mention of current offers. I have asked for the spec sheet and MSRP, but I feel the number should be the other side of $400 per mnth.
 
Can you help me?
 
Thanks
 
DataMiner

#86 of 246 Customer Cash on Lease? by goblue89

Aug 25, 2010 (3:15 pm)

Is the $1500 customer cash currently offered on the 2011 Traverse available if you lease as opposed to finance? Also, are 2010's still available. I am in the Northeast.

Messages Page 9 of 25

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