2017 Chevy Tahoe lease

[Blueinterceptor]

What is the sticker price on the car you negotiated on and its residual How many miles per year and how long of a lease period did you negotiate for? Does your figure include taxes? What percentage rate? What is the interest rate on your lease?

 

[Mwbutcher]

All well and good - how many miles per year allowed and what is the residual value of the vehicle at lease end Ally probably holds your lease - did the dealer buy your vehicle? How much did you owe to terminate your lease early? $800 means nothing, its only relevant to an apples to apples comparison on same vehicle with same terms. Did you use a GMS discount, any rebates or dealer money........anyway it's just to difficult to say $800 a month or any number really unless it's the same vehicle with same terms.

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[schaffer05]

No one seems to be talking about the money factor when it comes to a lease. Dealerships often times try to jack your money factor up. If you're new to leasing you probably have no clue what it even means or how much it matters, but a couple points equal a lot in terms of APR.

I can honestly say I would never lease a GM vehicle. They don't hold their value well enough for a lease imo. I did lease a Toyota Tundra.

Purchased it for 38 and change(MSRP of 43k), I think the money factor was like .12 something and they tried to give me a .2 when I already knew what the lowest they could offer was. My payments were 360 a month with 36 month lease and 12k miles a year, and a residual of 26k. I had the truck for a little over a year, 12k miles, and traded it in on my Tahoe for 37k trade. So I drove the truck for a year for 1k.

Before I leased it, I looked at what 3 year old vehicles with the same options were trading for with the 36k miles. They were still trading for 32-34 at the time, so I knew I'd be money ahead on that when it came time.


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[BEEMDUB]

All well and good - how many miles per year allowed and what is the residual value of the vehicle at lease end Ally probably holds your lease - did the dealer buy your vehicle? How much did you owe to terminate your lease early? $800 means nothing, its only relevant to an apples to apples comparison on same vehicle with same terms. Did you use a GMS discount, any rebates or dealer money........anyway it's just to difficult to say $800 a month or any number really unless it's the same vehicle with same terms.

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You guys think way to far into it....It costed me nothing to terminate my lease early, if you are more than half way through your lease (as I am) and pay to get out of one, you are a moron. The Denali has a sticker of 76k. The lease is 36 months 12k/year. 803/month flat is what I will pay, nothing down. I got a GM discount, dealer money, and 2 rebates I believe but I didn't ask for one. I never ask specifically, I only negotiate monthly price. Unless you anticipate buying the car at the end of the lease I can't understand why anyone would waste time going on about any rebates or discounts or the specifics, its about the monthly payment, thats the salespersons job to figure out I don't give a shit what discounts or rebates you give me whether it comes from GM, the tooth fairy, or Michael Jordan. Who cares what the residual is, that's their problem, when I turn in my lease why would I care if it's worth 10k or 100k? I don't work at the dealership I just lease their cars. Your end goal is to get the monthly payment you want, not worry about residual value, or rebates, or money down or any of those scam tactics them employ to justify them blowing your ass inside out with their ridiculous lease "deals".

 

[Mwbutcher]

You guys think way to far into it....It costed me nothing to terminate my lease early, if you are more than half way through your lease (as I am) and pay to get out of one, you are a moron. The Denali has a sticker of 76k. The lease is 36 months 12k/year. 803/month flat is what I will pay, nothing down. I got a GM discount, dealer money, and 2 rebates I believe but I didn't ask for one. I never ask specifically, I only negotiate monthly price. Unless you anticipate buying the car at the end of the lease I can't understand why anyone would waste time going on about any rebates or discounts or the specifics, its about the monthly payment, thats the salespersons job to figure out I don't give a shit what discounts or rebates you give me whether it comes from GM, the tooth fairy, or Michael Jordan. Who cares what the residual is, that's their problem, when I turn in my lease why would I care if it's worth 10k or 100k? I don't work at the dealership I just lease their cars. Your end goal is to get the monthly payment you want, not worry about residual value, or rebates, or money down or any of those scam tactics them employ to justify them blowing your ass inside out with their ridiculous lease "deals".

There is no way to get out of a GM lease without paying it off - I will guarantee you that one way the other you're paying so if you're so good at negotiating a deal your $803 payment may have only been $603 - guaranteed you paid for your lease prove to me you didn't. Short of one or two months, I've never seen anyone get out of a lease without paying a penny when they're only halfway through so I don't believe it but I'd like to be proven wrong!

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[Blueinterceptor]

Dealerships are in it to make money. They are not in the habit of losing money. The return of the leased car turned in early, either was covered in the deal or gm had a program for a pull ahead deal. As far as residuals go, that number is on your contract/ bill of sale. My friend returned a dodge pick up and was told at turn in that he was responsible for the difference if it didn't sell at auction for the residual. So you should care. If you are a high value commercial customer, I can see the dealer catering to you.

 

[BEEMDUB]

Like

There is no way to get out of a GM lease without paying it off - I will guarantee you that one way the other you're paying so if you're so good at negotiating a deal your $803 payment may have only been $603 - guaranteed you paid for your lease prove to me you didn't. Short of one or two months, I've never seen anyone get out of a lease without paying a penny when they're only halfway through so I don't believe it but I'd like to be proven wrong!

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I see you're in Michigan, PM me if you'd like and I'll show you exactly which dealership I go to and word for word what BS lines you can feed them to get whatever you want. You're sadly mistaken if you think it's that hard to get out of a lease early. If you go in and push to sign for a new car from them, they'll forgot all about you not being at the end of your lease. I'm not going to prove to you anything lol My last denali lease I also turned in early. And you can think that maybe my proposed 803 payment would have only been 603 if that makes you feel good, but god bless this GMC dealership if they were going to give me a denali with 0 down and no trade in for 603/month haha. I wouldn't mind sharing you my new lease details and compare them to the details they were giving me like a week or two ago. I'm not BSing or trying to argue with any of you guys, I just hate car salesman and dealership more than anything and love getting the better end of deals with them, I'm just sharing what has worked for me personally.

 

[schaffer05]

There are no penalties for ending a lease early, nor is it hard, if you sign a new lease, buy a new car, etc. I ended my 3 year least after 14 months to buy my Tahoe. It was a Toyota, kicker is I traded the Tundra in. It was worth more than my lease was, so Toyota didn't care.

I get what you're saying Beem, and I'm also one of the biggest jerks when it comes to car salesmen. However, saying nothing matters but the payment isn't good advice imo. If you plan to get a new lease every 2-3 years, it doesn't matter...until something happens and it does matter.

Should never go in without having done all your research and knowing what you're talking about for the best deal. You've obviously been leading for awhile and have a relationship with your dealer. A lot of people do not.


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[cardude2000]

You never know if you're getting screwed on turning your lease in early unless you negotiate a new lease independently and then before you sign say "oh yeah, I need to end my other lease today". If they say "ok no worries" and don't change a single thing on your new lease then you're good.

If you negotiate them together then there is no way of knowing if they are burying some early term costs into the new lease.

Same concept as always negotiating trade in and purchase price separately.

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[JayceeP]

Unless you own a business it probably makes more sense to buy a late model or gently owned 1 or 2 year old. Why you'd want to lease a vehicle that has 15%+ advertised discounts at the end of the model year doesn't make much sense IMO.

In the case of my 2012 4Runner Limited. I had a trade and ended up paying $51K OTD when you factor in the value of the trade and taxes. I paid it off in 2 years. It's still worth somewhere in the ballpark of $30,000 4.5 years later. You couldn't lease much for $400/month. TCO on these things is AMAZING and part of the reason why it's hard to convince myself to get a GM even if it doesn't have the extra creature comforts.