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GMC Car Consumer Discussions

November Lease Programs

by ncnyawker on Wed Nov 11 19:45:42 PST 2009

Carman- do you have the current rates and dealer support for 2010 GMC Acadia SLT-1 with 15,000 per year? Thanks!

Re: Confusing Statement Regarding MF's [justin3687]

by Car_man on Tue Nov 10 03:34:35 PST 2009

Hi justin3687. GMAC's base lease rate for a 36 month lease of a 2010 GMC Terrain was 2.35% in October. It's new November base rate for this truck is 2.65%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum

Re: Acadia Lease Deal [hawkdss]

by fcarey529 on Sat Nov 07 10:43:41 PST 2009

This was extremely helpful to me. I am negotiating on a lease for a new 2010 GMC Terrain, and getting very different numbers from dealers. I am taking this information with me on my next visit to the local dealer, to see if I can get the price down to something I am comfortable with. thanks! :)

Re: Acadia Lease Offer [hawkdss]

by wnuk on Thu Oct 29 12:16:01 PDT 2009

Lets do the math and find out. MSRP: $32615 Residual: $12720 (39% of MSRP) Money Factor: 4.0% or .00166 (4% / 2400) Dealer fees: $1275.75 ($795 incept, $425 sec. dep. $55.75 tags) Negotiated Selling Price of Vehicle: Dealer Invoice: $31016 (Price you should pay for vehicle) Dealer Incentive: $2300 (GMC Rebate) Down Payment: $3995 (Cash down) Total Selling Price: $24721 Use Value (depreciation): Invoice Price (plus) Dealer fees (minus) Residual $24721 + $1276 - $12720 = $13277 Depreciation Payment of Lease: Depreciation value divided by length of lease $13277 / 39 months = $340.43 per month Interest Payment Calculations: Invoice Price (plus) Residual (multiplied by) Money Factor $24721+ $12720 multiplied by .00166= $43.15 per month Base Lease Payment Calculations: Depreciation Payment + Interest Payment $340.43 + $43.15 = $383.58 per month Sales Tax Payment Calculations: (See my note below please) Sales tax you quoted (divided by) lease lenght $885 divided by 39 months = $22.69 per month Base Lease + Sales Tax payments = $406.27 per month total payment On sales tax, here in PA it is charged on the monthly payment price and not calculated the way I did it above since I don't know the sales tax rate where you are it. In other words, take the base lease payment calculation from above ($383.58) and multiply it by the sales tax rate where you live. Here in PA on a lease it is 9% so $383.58 X 9%= $34.52 per month in sales tax on the lease. So the total lease payment would then be $418.10 per month. The other thing to consider is you should NOT put a lot of money OOP for a lease. The only thing that does is lower your monthly payment. If you were willing to pay $4000 OOP, why not take a higher monthly payment (recalculate using the formula above by subtracting the $4000 OOP) and use that $4000 to either supplement your higher monthly payment or use it to make the first 5 or 6 higher payments. Here's why: Say you put $4000 OOP on a lease to lower your monthly payment. Now driving out of the dealer parking lot with your new Acadia you get T-boned and your new vehicle is totaled. You insurance will cover the loss of the vehicle but the $4000 you put down to lower the monthly payment is lost. It's always better to put as little down OOP on a lease as possible for this reason. Another thing to consider is trying to negotiate the money factor. 4% is high. A Chevy dealer just quoted me 1.25% on a 48 month lease on a Traverse. Hope this helps you some in making your decision.

GMC Terrain

by andrewcweaver on Sat Oct 24 12:03:16 PDT 2009

Bought my GMC Terrain SLT1 in Bossier City, Louisiana at Mike Morgan. Great car. Paid 25,000 for it Discounts - GM Employee Pricing, Trade, $500 off for agreeing not to take it back in 60 days

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