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You are in the Prices Paid - Buying & Leasing Experiences
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Buick Regal, Car Buying, Car Leasing, Sedan
#13 of 273 Buick Regal Lease terms
Aug 18, 2010 (3:30 pm)
I am looking into leasing a new 2011 Buick Regal CLX with RL5. Went to the dealer today and was surprised to hear them tell me GMAC's residual on a 39 month lease with 15K miles per year was only 48%. They tell me the base lease rate is 2.1% which is consistent with what you have reported above. I am just wondering if the residual value could have fallen that far that fast. Thoughts?
I'm in Iowa by the way.
#14 of 273 Regal Quote 8-24-10
Aug 24, 2010 (5:10 am)
I received a quote yesterday. Let me know if you think it's a good one.
My wife and I both own and lease GMAC cars. Am I entitled to a $ 1000.00 loyalty discount also?
His initial quote was $ 420.00 a month, till I mentioned there was a special lease rate.
Govt taxes 44.00
Doc Fee: 395.00
Total Initial Payment: 2819.51
Monthly payments: 289.28
My paperwork says I need to put down $ 2519.50 on one piece of paperwork, and another says $2819.51. Not sure which down payment it is. I believe it's $ 2519.50
#15 of 273 Loyalty owners
Aug 24, 2010 (8:01 am)
Cadillac told me that because I own a Cadillac I am not entitled to a $ 1000.00 loyalty rebate. That makes no sense at ll.
#16 of 273 Re: Regal Quote 8-24-10 [eddiefast]
Aug 24, 2010 (8:25 am)
eddiefast - the numbers don't add up. If you are indeed signing up for Buick's present $289/month lease special for a CXL R1 (MSRP $26,995), you should only be paying $1,779 at lease signing (exclusive of tax, title and fees). If you are seeking a lease for a vehicle that is differently equipped, then you may not qualify for the lease special and to calculate your monthly payment you will need (1) the MSRP, (2) the Capitalized Cost (selling price plus any additional costs you roll in to the lease [as opposed to paying up front]), (3) the residual value of the vehicle, and (4) the money factor. I was not able to figure out the dealer's calculation with the info you provided. There has been a suggestion on these forums that you should ask the dealer for its lease worksheet (a computer generated form with all the relevant numbers going into your lease calculation) to help you understand the proposed lease deal. Good luck!
#17 of 273 Re: Loyalty owners [eddiefast]
Aug 24, 2010 (8:35 am)
It depends on what the dealer meant. If you are seeking the lease special, then you get no added loyalty or conquest bonus cash. If you are negotiating a vehicle separate and apart from the offered lease special (e.g. the $289/month for a CXL R1), then, if the dealer is participating, you should be entitled to either (i) $1,000 Loyalty Bonus Cash that is available to current owners/lessees of a 1999 or newer Buick, GMC, Oldsmobile or Pontiac vehicle, or (ii) $1,000 Conquest Bonus Cash that is available to current owners/lessees of a 1999 or newer non-GM passenger car or light duty truck. Remember, the bonus cash rules state the terms of the offer can be transferred to individuals within the same household, which I understand to mean that if you don't qualify (as an owner or lessee of a Cadillac, for example), another household member might (if they own or lease a Buick, GMC, Oldsmobile or Pontiac or a non-GM car, and you should get the bonus cash in that event).
I recommend you shop around at different dealerships in your area and compare answers to your questions so that you know you are not being taken advantage of.
#18 of 273 Re: Loyalty owners [bcvc71_li]
Aug 25, 2010 (5:19 pm)
I did receive a worksheet. That's where my numbers came from.
1790.00 due at signing
tax,tag, and dealer fees: 300.00 + 45.00 + 395.50
terms: 39 months
advance pymt: 1
Govt Fees: 44.00
Doc Fees: 395.50
Monthly Payment: 289.28
Thanks for the help.
Aug 26, 2010 (7:14 am)
Stopped by my local dealer to take a look at the regal. My usual salesman was not there.
Another salesman chatted me up. I asked him about the lease special on Buick's website ($289 for 39 months), he told me that it was not through GMAC. Was through US bank?
Can someone confirm this? I find this very hard to believe and think he's either wrong or worse.
#20 of 273 Re: Lease special [bossman141]
Aug 26, 2010 (11:42 am)
That is correct. They told me the same thing.
#21 of 273 Re: Lease special [bossman141]
by kyfdx@Edmunds HOST
Aug 26, 2010 (3:21 pm)
GM sold GMAC during the bankruptcy process.. They are no longer affiliated..
Most GM leases do go through USBank..
Oddly enough, I think most Chrysler leases go through GMAC!!
#22 of 273 Re: Lease special [eddiefast]
Aug 26, 2010 (3:21 pm)