127 messages,
Last post on May 10, 2013 at 4:55 PM
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Chevrolet Cruze, Car Buying, Car Leasing, Sedan
#73 of 127 Re: eco, 1lt, ls march lease rates [Car_man]
by gt2k6
May 09, 2012 (4:45 pm)
Car Man,
Could you provide the updated 24 and 39 month lease program for May for the Cruze LS and ECO with 12k miles per year?
Is the $775 incremental cash as well as Conquest Cash that was available last month is available?
Thanks
#74 of 127 Re: eco, 1lt, ls march lease rates [meh485]
by Car_man HOST
May 14, 2012 (4:42 pm)
Hi meh485. As hard as it is to believe, General Motors actually has three official lease programs right now...one through Ally, one through US Bank, and one through GM Financial.
GM Financial's May base lease rate for a 24-month lease of a 2012 Chevrolet Cruze is 0.77%. The 39-month factor through GM Financial is 1.68%. GM is providing a $1,400 cash incentive on 24-month leases and $950 on 36-month leases of the LS and $2,100 and $1,650 on leases of the LT through GM Financial.
Given the information in your post, it looks like the dealership is being pretty straightforward with you.
Car_man
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#75 of 127 Re: eco, 1lt, ls march lease rates [gt2k6]
by Car_man HOST
May 14, 2012 (4:59 pm)
Here you go gt2k6. Ally's May base lease rate and residual value for a 24-month lease of a 2012 Chevrolet Cruze LS with 12,000 miles per year are 1.0% and 57%, respectively. The numbers for an otherwise identical 39-month lease are 1.1% and 46%.
The lease rates for the ECO are the same, but its residual values are 59% and 47%.
The $950 to $1,400 cash on Ally leases, incremental $775 on the LS and the $1,000 conquest to current lessees of competitive models are all available in May.
Car_man
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#76 of 127 Re: eco, 1lt, ls march lease rates [Car_man]
by gt2k6
May 15, 2012 (4:08 pm)
Car_man,
Could you clarify the total amount of lease cash available on the Cruze LS, 1LT, and ECO trim levels for 24 months through Ally?
Thanks
#77 of 127 Re: eco, 1lt, ls march lease rates [gt2k6]
by Car_man HOST
May 15, 2012 (4:10 pm)
Hey gt2k6. I believe that GM is currently providing a $2,450 cash incentive on 2-year leases of the Cruze LT and $1,750 on 2-year leases of the Cruze LS through Ally. I'm not sure about the ECO model, but there may not be any cash available on leases of it.
Car_man
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#78 of 127 Re: eco, 1lt, ls march lease rates [Car_man]
by gt2k6
May 16, 2012 (8:10 am)
Thanks, Car_man.
Does that $1,750 include the incremental $775?
The $775 is not available on the LT correct?
Also, does it seem reasonable that the residuals went down 3% points from last month? Seems like a rather sharp decline.
#79 of 127 1LT Cruze lease rates
by dps06
Jun 08, 2012 (12:02 pm)
Car_man,
What is the residual and money factor for Cruze 1LT for 24 months through Ally?
Also, what is the lease cash?
Thanks
#80 of 127 Re: 1LT Cruze lease rates [dps06]
by Car_man HOST
Jun 18, 2012 (4:32 pm)
Hello dps06. Ally's June base lease rate and residual value for a 24-month lease of a 2012 Chevrolet Cruze 1LT with 15,000 miles per year are 1.0% and 59%, respectively.
There is a $2,450 cash incentive on 24-month leases of this car through Ally.
Car_man
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#81 of 127 1LT Cruze lease rates in July [Car_man]
by mp11477
Jul 18, 2012 (10:27 am)
Car man,
Could you provide the money factor and residual on a 2012 Cruze 1LT with 12k and both 24 and 39 months through GM Financial as well as any applicable incentives GM Financial may have on the hood?
#82 of 127 Re: 1LT Cruze lease rates in July [mp11477]
by Car_man HOST
Jul 19, 2012 (4:26 pm)
Hi mp11477. GM Financial's lease program isn't as popular as Ally's program is. I haven't seen it lately, but I can ask around for you. For now I can tell you that Ally's July base lease rate and residual value for a 24-month lease of a 2012 Chevrolet Cruze 1LT with 12,000 miles per year are 1.0% and 69%, respectively.
The numbers for an otherwise identical 39-month lease are 1.75% and 55%.
The cash incentives on this car are $950 for 24-month and $1,025 for 39-month leases of it through Ally.
Car_man
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