Ask the Car People.SM


Chevrolet Traverse Lease Questions

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

    

Messages Page 9 of 25

#81 of 245 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
Host
Prices Paid: Buying & Leasing Experiences Forum

#82 of 245 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 245 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 245 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 245 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 245 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.

#87 of 245 Re: Traverse LT2 FWD - July GMAC lease factors [Car_man] by zoller

Aug 28, 2010 (9:08 pm)

Replying to: Car_man (Jul 06, 2010 2:50 am)
Two questions,
 
1) Where is the rear view camera? Is it in the rear view mirror or in the dashboard. We are looking at leasing an 1LT.
 
2) We went to the dealer today (in NJ), he offered us a 1LT, All-Wheel-Drive, with a rear view camera option, at $459/month on a 36 month lease. We want to may under $400. What is a reasonable 36-month lease, "sign and drive" with absolutely ZERO down (except paying the first month at signing)???
 
Thank you

#88 of 245 Re: Traverse lease (first time poster) [scottfish99] by Car_man HOST

Sep 03, 2010 (3:35 am)

Replying to: scottfish99 (Aug 02, 2010 12:20 pm)
Welcome scottfish99. Sorry for the delay in my response. I took some time off for vacation.
 
You definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
It is difficult to evaluate the deal that you posted because you never mentioned this truck's selling price or MSRP. Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#89 of 245 Re: August Traverse Numbers [evans23] by Car_man HOST

Sep 03, 2010 (3:40 am)

Replying to: evans23 (Aug 05, 2010 11:17 am)
Here you go, evans23.
 
Through September 7th, GMAC's base lease rate and residual value for a 39 month lease of a 2011 Chevrolet Traverse 1LT AWD with 12,000 miles per year are 2.15% and 49%, respectively.
 
The numbers for an otherwise identical 48 month lease are 3.7% and 45%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#90 of 245 Re: Traverse 2010 Lease [dataminer] by Car_man HOST

Sep 03, 2010 (3:46 am)

Replying to: dataminer (Aug 17, 2010 3:18 am)
Hello DataMiner.
 
It's fantastic that you know this vehicle's capitalized cost. That is the most important number to find out when negotiating a lease. However, it is much easier to evaluate if one knows the vehicle's MSRP as well. This enables one to see how large a dealer discount is being given. Do you know the MSRP?
 
It sounds as though the dealer that you are working with is running your lease through US Bank instead of through GMAC. US Bank's base lease rate for a 36 month lease of a 2010 Traverse is 1.08%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 9 of 25

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement