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Chevrolet Traverse Lease Questions

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Comments

  • kyfdxkyfdx Posts: 31,168
    1.20% MF and 60% residual.. It looks like ALLY provides $850 of lease cash to be used as a CAP COST reduction, on this model.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi, I am taking bids online for the vehicle below, but need to know more information for next steps including: residual value, money factor (very high credit score), and what should I be paying (vehicle price and fees).

    2014 Traverse 1LT AWD 8 passenger
    All-Star Package
    Roof Rack
    Standard colors

    Looking for a 15k / 36 month lease.
  • kyfdxkyfdx Posts: 31,168
    2014 Traverse 1LT AWD 36mo, 15K/yr lease
    1.75% MF and 58% residual

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • I have been dead set on an AWD Traverse, but there seem to be mostly FWD Traverse models being sold in Cleveland, Ohio. I want a vehicle that is going to be very good in the snow (real snow) because I drive into areas that are hilly with 150 inches of snow per year (real snow for Cleveland).

    What are your opinions of the performance of FWD versus AWD on this vehicle?
  • I owned 2010 FWD Traverse and had no problems during the 3 winters here in Pittsburgh ( home of nothing but hills & bridges ) and had no problems. Of course the past 3 winters have not been that snowy. If you drive long distances or are on the road a lot I would go for AWD. Ohio terrain does not have the hills you would find here in Western Pa so you might be alright with FWD.
  • kyfdxkyfdx Posts: 31,168
    No AWD in Cleveland? That seems weird..

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  • Can you please post the money factor and residual on a 14 Traverse LTZ leased for 36 months at 12k or 15K miles/year? Also, are there currently any incentives? Thank you!
  • kyfdxkyfdx Posts: 31,168
    2014 Traverse LTZ 36mo, 15K/yr lease
    1.75% MF and 58% residual.. add 2% for 12K/yr lease
    $675 in lease cash

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cpamancpaman Posts: 42
    Hello all,

    I am currently in negotiations with a couple of dealers to lease a Metallic black 2014 traverse 1LT for my wife. The only option is the all-star package. Can someone please provide me with the details (MF and residual) for a 10K,12K and 15K per year lease in the north east (CT specifically)? Time is of the essence and I appreciate the feedback.
  • kyfdxkyfdx Posts: 31,168
    2014 Traverse 1LT 36mo, 15K/yr lease
    1.75% MF and 58% residual.. add 2% for 12K/yr lease, 3% for 10K/yr

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • cpamancpaman Posts: 42
    thanks for the swift response
  • Can you please update the money factor, residual, and incentives for December on a 14 Traverse LTZ leased for 36 months at 15K miles/year? Thank you!
  • kyfdxkyfdx Posts: 31,168
    2014 Traverse LTZ 36mo, 15K/yr lease
    1.75% MF and 58% residual
    $675 Lease cash

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi. This forum is great. I am looking at leasing a 2014 1LT or LTZ for 36 months. Can you provide me the current residual and money factors for each model based on top tier credit. Ideally this would be a 10k or 12k lease. Also, is there any customer cash in additon to the $500 offer I just received from GM Financial.

  • alcinder22alcinder22 Posts: 2
    edited December 2013

    hi. Just to be clear...the 10k or 12k meant annual mileage allottment and this is for a Traverse based in Philadelphia PA Area. Thanks Again.

  • kyfdxkyfdx Posts: 31,168

    @alcinder22 said: Hi. This forum is great. I am looking at leasing a 2014 1LT or LTZ for 36 months. Can you provide me the current residual and money factors for each model based on top tier credit. Ideally this would be a 10k or 12k lease. Also, is there any customer cash in additon to the $500 offer I just received from GM Financial.

    36mo, 12K/yr lease

    1.75% MF and 60% residual

    $675 lease cash... .but, these are ALLY Bank numbers. If GM Financial is different, I don't have those numbers.

    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • sal623sal623 Posts: 2

    Hello,

    Can anyone tell me if this is a good deal for a 2014 Traverse 2LT AWD in NY area.

    Standard exterior color black leather hit the road package Rear Hitch Nav 7 passenger seating

    mrsp is 44300

    405 per month Taxes, first payment and dmv fees upfront, approx 2700 down. 10k a year, 39 month lease.

    Thanks.

  • sal623sal623 Posts: 2
    null
    Can anyone provide some info, thanks
  • I am in NYC. getting a 2014 Traverse LTZ

    I see that now on the chevy site the cash back has gone from $1000 to $1500 but now they don't make the lease calculator available.

    What is the FM and residual for 10k mile for 36 and for 39 months for Feb 2014?

    Thanks,

  • kyfdxkyfdx Posts: 31,168

    @bobjunga1 said: I am in NYC. getting a 2014 Traverse LTZ

    I see that now on the chevy site the cash back has gone from $1000 to $1500 but now they don't make the lease calculator available.

    What is the FM and residual for 10k mile for 36 and for 39 months for Feb 2014?

    Thanks,

    1.20% MF and 61% residual for 36mo, 10K/yr. $470 lease cash.

    59% residual for 39 months.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • bppitbullbppitbull Posts: 1

    I am looking for ally residual value on a 2012 traverse LS AWD with 43k miles at 27 months?

  • kyfdxkyfdx Posts: 31,168

    @bppitbull said: I am looking for ally residual value on a 2012 traverse LS AWD with 43k miles at 27 months?

    We don't have lease info for used cars.. too many variables. It's usually not cost effective to lease a used car..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • gdfaulknergdfaulkner Posts: 6

    What are the current residuals and MF for a 2014 Traverse LTZ AWD? 36 months, 10K or 12K miles...thanks!

  • kyfdxkyfdx Posts: 31,168

    @gdfaulkner said: What are the current residuals and MF for a 2014 Traverse LTZ AWD? 36 months, 10K or 12K miles...thanks!

    1.24% MF and 60% residual for 36om, 12K/yr. $470 lease cash

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • plumbum27plumbum27 Posts: 3
    Current MF & residual for a 2014 LT FWD for 36 months at 15K per year.
    Thank you!
  • kyfdxkyfdx Posts: 31,168

    @plumbum27 said: Current MF & residual for a 2014 LT FWD for 36 months at 15K per year. Thank you!

    1.24% MF and 58% residual. $470 lease cash

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • rich210rich210 Posts: 2

    I just got a lease offer on 2014 traverse AWD 1LT. 36 months 12k miles. Two options: 1) $0 down and $489/month, or 2) $5000 down and $339/month, residual of $22,416. Are either of these any good? Thanks.

  • MichaellMichaell ColoradoPosts: 8,206

    @rich210 said: I just got a lease offer on 2014 traverse AWD 1LT. 36 months 12k miles. Two options: 1) $0 down and $489/month, or 2) $5000 down and $339/month, residual of $22,416. Are either of these any good? Thanks.

    Never a good idea to put money down on a lease - if the car is stolen or totaled in an accident, you are out that money.

    With that said, $5K works out to about $139/mo for 36 months, so that puts you at $478/mo if you skip the down payment.

    Can you provide the MSRP, selling price and money factor the dealer is using to get these numbers?

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  • rich210rich210 Posts: 2

    Thanks for your response. Dealer has not been forthcoming with the information so I am looking for another dealer. I am new to leasing, so would you explain how the MF works? Thanks.

  • MichaellMichaell ColoradoPosts: 8,206

    @rich210 said: Thanks for your response. Dealer has not been forthcoming with the information so I am looking for another dealer. I am new to leasing, so would you explain how the MF works? Thanks.

    Money factor is the "rent charge" (interest) you pay on the money borrowed for the lease term. It's often represented as a small decimal value (.00130) which can be converted into an interest rate by muliplying by 2400. GM, however, uses interest rate percentages, which you convert into a decimal by dividing by 2400.

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