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HOW ON EARTH?????
by writerhopeful on Fri Feb 22 19:55:30 PST 2008
I'm currently in the market to purchase a new car. I've decided that I'm getting a Chevy Cobalt. I've been reading the forums and I"m floored at how you people get these amazing deals. I live in Colorado Springs, CO and I swear that these prices are so inflated compared to other places. Even in Denver the prices and values are better. Can someone please tell me a better way to purchase a Cobalt? They are priced around here 2006 LS 30,000 for about $10,000 before tax title and warranty!!! South Colorado Nissan told me that a 2006 LT model with 36,000 as 14,000 before tax title Warranty!!!! Please someone tell me something!!!! Also please tell me what the difference is between the LS and LT models.
GMAC SmartLease
by sarasmiles on Thu Jan 31 21:20:21 PST 2008
I am wondering if someone can provide some insight to help me better understand the rational of the Smart Lease: Background My lease ends in March 2008 on my 2005 Chevy Equinox. Mileage allowance for the lease term is 36K and currently there are 34K. The agreed upon value of the vehicle was $24,169.50 and I put $3K down. The residual value is $15217.90 and in March I will have paid a total of $11,192.90 to drive the vehicle the last 3 years. Currently I am looking at either financing or leasing a new 2008 Equinox LTZ. My father (co-lessee) on my 2005 Equinox is very interested in purchasing it at the end of my lease to drive back and forth to work as he drives 82 miles round trip a day and lives in the mountains west of Denver and let's just say the AWD Equinox rocks in the snow! Confusion GMAC is saying that in March we can purchase the vehicle for $17,130.32. How is this possible? The blue book value of the car in excellent condition is $14,500 and if you look in the paper there are a number of 2005 Equinox's for sale with less miles than mine and they are priced anywhere between $13,500 - $14500, Question How is it that if I purchase it at the end of the lease it will cost $17,130? They won't sell it as a used car for that much. So what drop it off at a dealership and return it and then what turn around and tell the dealership that I want to buy it back, it seems to me that way would be cheaper than purchasing it at the price stated on my lease agreement. Is the purchase price at the time of the lease negotiable? Sorry if this is confusing my hopes are that the more information I provide the better someone will be able to help me understand what my options are at the end of my lease next month. Thanks in advance-
Re: Looking for a Malibu [localcelebrity]
by Car_man on Tue Jan 15 02:55:27 PST 2008
Hi localcelebrity. If you want the lowest monthly payment then you definitely want to go with a lease. Unfortunately, I am not sure if GMAC will approve you to lease a new vehicle if you do not have a steady job. They might if you can find someone to co-sign your lease. When you visit the dealer, explain your situation to them but do not let it have an impact upon your deal. If they say that you can lease a new Malibu, negotiate as low a selling price as possible on the car that you want and then have the dealer calculate your monthly payment using GMAC's 2.3% base lease rate. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Re: 2006 Corvette Convertible Quote [carguy239]
by jayelleseven on Sat Dec 09 22:44:57 PST 2006
what dealer or lease co. gave u that residual value? 30k after 3 yrs seems very low to me, $25 lost in depreciation.. man. I am in a similar position but looking to sell after 2 yrs, so Id have to buy not lease_ I cant find solid residual values for 07s coupe tho =/
Not a great experience but I love the car!
by burningstariv on Mon Jun 26 22:06:11 PDT 2006
Just thought I'd add my experience (new here by the way :)). I previously drove a '99 Cavalier Coupe (leased and buy option at end of the lease) and after much research decided I wanted to get a 2006 Cobalt LS Coupe. I went to the dealer where I got my Cav but the particular guy I got the Cav from now works at another dealership. Anyway my father and I got stuck with some 1950's holdover salesman who was very enthusiastic to get me into the car, fill out the papers, get a co-signer blah blah blah. All this after he offered me no money down, drive it off the lot. I returned the forms and regretttably told him I couldn't have a co-signer because the only person I could consider was my mom however she and my father are in bankruptcy so that isn't reliable. Immediately his attitude changed to sour and said "well we'll get you a used Cavalier". Well I was driving a used Cavalier, my own! The finance guy told me there was no chance I was going to get my '06 Cobalt. He told me to try other places to see if I could get something else. I understand the game but was a bit frustrated that no one would help me out. Needless to say there was 1 guy who worked at the dealership who got my paperwork and pushed and pushed to get me financing. GMAC wouldn't touch me at all. He called me a few days later and said "I can get you approved for an '05 Cavalier". I said "No thanks, I'm not interested" and hung up the phone. Lo and behold 1hr later he calls back and tells me I'm approved for my '06 Cobalt. The very same one I test drove. I met with him and he told me he called at least a dozen different financial institutions to get me the $$. My credit isn't go great and what saved me was I never missed a payment on my Cav from day 1. I am truly indebted to him. My only regret is that the stodgy old "you're gettin' nuthin'" salesman got the credit for the sale :mad: I didn't get any extras save an automatic transmission and a rear spoiler. Paid approx $16,500 and at the end of 6 years it's all mine. I could only get a straight buy, no lease of which I'm glad. For as many years I had the Cav it could've been mine 3 years earlier had I not leased it.
Re: 2005 Chevy Silverado Crew Cab Z71 [stoneg]
by fyreater1 on Mon Jul 04 09:16:16 PDT 2005
As of today 7/4/05, the sale has been extended into August according to the Chevy website. What you say is true, I have had a couple of co-workers buy the 3/4 ton Duramax and they paid exactly what the GM discount price was. There was no bargining a lower price. I would guess that the Duramax is a hot item. I have read that the dealer holdback is anywhere from 2-3% of MSRP. I am unsure how this relates to the "memo money." Maybe it was just a sales pitch to reel me in. But I did receive an offer of $1200 off the posted GM discount price. I figure if they take anything off the GM discount price, you are doing good. Good luck.

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