$1500 month in SoCal lease? Sound high? Denali xl

[broncophil]

That’s a quote i have now. Sticker 86k

$2k drive off


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[LDMoore]

Sounds like a ripoff. Sounds like the most ridiculous thing I've ever heard. Many people pay less than that for their house. At least here in Texas.

Sorry if I sound dramatic but that's just crazy to me. I love the new SUVs but I would never pay that even if I could afford it.

Not to mention that studies show leasing is the most expensive way to a operate a vehicle.

Just my 2 cents

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[swathdiver]

That’s a quote i have now. Sticker 86k

$2k drive off


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I saw one with financing that said $1700 a month. Is there a ratio of lease/financing for payments that folks use to determine good deals?

 

[Jason in DLH]

That’s a quote i have now. Sticker 86k

$2k drive off


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I’m just curious how long the lease would be?

 

[broncophil]

Sounds like a ripoff. Sounds like the most ridiculous thing I've ever heard. Many people pay less than that for their house. At least here in Texas.

Sorry if I sound dramatic but that's just crazy to me. I love the new SUVs but I would never pay that even if I could afford it.

Not to mention that studies show leasing is the most expensive way to a operate a vehicle.

Just my 2 cents

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Well I’ve been in 3 Escalades in a row and they all are about $1k a month. It’s just supply and demand right now with the new models.


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[broncophil]

I saw one with financing that said $1700 a month. Is there a ratio of lease/financing for payments that folks use to determine good deals?

Not really


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[broncophil]

I’m just curious how long the lease would be?

36 month


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[1BADI5]

Other factors, credit score and that a small down payment.

I could easily make that payment, but better places to invest that money.

 

[wjburken]

If I was going to lay out $1500 a month, I would want some equity built up at the end. For 36 months @ $1500 + the $2000 drive off, that is $56K over the life of the lease and you have nothing at the end of that once you give it back to the dealer. That is 2/3 the sticker price of the car and the dealer will turn around and sell it for $50K.

 

[Gibby13]

That’s a quote i have now. Sticker 86k

$2k drive off


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We put 7k down on a Denali and got financing at 2.18% and our payment is right around $1k. Also used a GM Friend code for supplier pricing. Wife drives too much for a lease, averages around 15-20k/yr