Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Chevrolet Traverse Lease Questions

18911131416

Comments

  • junajuna Posts: 14
    For AWD LS 2012 Traverse w/Blue tooth package and spare tire, I was quoted $1706 due at signing and $195/mo. This is with GM employee pricing, national $3225 cash incentive, and lease conquest discount. Can I do better?
  • dmunizdmuniz Posts: 16
    Hi, do you happen to know the money factor and residual factor for a 2012 2lt AWD.

    Also the same for a 2013?

    thanks. I was able to get a great 2013 optima ex lease thanks to you.
  • thebigtuna79thebigtuna79 Posts: 18
    edited December 2012
    Looking to lease a 2013 LS (Base) AWD. Looking residual and MF for both 24 and 36 months with 12K miles. Im in the NYC region.

    What are the incentives on the truck? Are they still $3,225? Plus another $1,000K in conquest cash? (I currently lease a Honda and VW).
  • dylrexdylrex Posts: 57
    Hello Car_man.

    Can you please provide me with Chevrolet's December base lease rate and residual value for a 36-month lease of a 2012 and 2013 Chevrolet Traverse LS FWD with 15k miles a year?

    Are there currently any incentives on either years model?

    Thank you!

    Tim
  • Hey dmuniz. I'm glad that everything worked out with the Kia for you. General Motors is not providing any lease support on the 2012 Traverse any longer. You can finance a 2012 model at 0% for up to 6 years. If you want to lease, you have to go with a 2013 model.

    Ally's December base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Traverse 2LT AWD with 15,000 miles per year are 1.85% and 56%.

    There is a $1,500 cash incentive on 36-month leases of the 2013 model through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi thebigtuna79. Ally's December base lease rate and residual value for a 24-month lease of a 2013 Chevrolet Traverse LS AWD with 12,000 miles per year are 1.0% and 69%.

    The numbers for an otherwise identical 36-month lease are 1.85% and 60%.

    This month there is a $1,620 cash incentive on 24-month and $1,500 on 36-month leases of this truck through Ally. There's an additional $500 bonus cash on top of that. the conquest cash is $2,000.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Tim. Ally's December base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Traverse LS WD with 15,000 miles per year are Tim and 58% for consumers who qualify for its top credit tier.

    There is a $1,500 cash incentive on 36-month leases of this truck plus $500 bonus cash.

    GM isn't leasing the 2012 model any longer, but you can finance one at 0% for up to 6 years.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car Man. You are always great help on this forum. Do you know if the incentives have changed for this month? (January 2013)

    I just saw your reply to my original request and was wondering if these incentives are the same (or better) for January 2013.

    Again, looking for incentives, MF and residual on 2013 Base LS AWD for 24 & 36 month leases with 12K miles. Im in the New York region.
  • Looking to leave a Chevrolet Traverse, or Kia crossover for 2013, or any good deals out there! Any info?
  • buster6buster6 Posts: 99
    Hi Car_Man,

    Could you please help me with numbers on a 13 Traverse LTZ and LT. Looking at 24 months with any info on conquest / bonus/ CCR $$ appriciated.
  • Thanks thebigtuna79. Ally's January base lease rate and residual value for a 24-month lease of a 2013 Chevrolet Traverse LS AWD with 12,000 miles per year are 1.0% and 69%.

    The numbers for an otherwise identical 36-month lease are 1.85% and 60%.

    General Motors is currently providing a $1,620 cash incentive on 2-year and $1,500 on 3-year leases of this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey buster6. Ally's January base lease rate and residual value for a 24-month lease of a 2013 Chevrolet Traverse LTZ or LT with 15,000 miles per year are 1.0% and 64%.

    As far as cash incentives go, General Motors is currently providing a $1,620 cash incentive on 2-year leases of this truck. In addition to that there is another $2,000 if you are currently leasing a non-General Motors vehicle.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • wvubarbuilderwvubarbuilder Posts: 2
    edited February 2013
    Options:
    2LT
    Black Granite Metallic
    Hit The Road Package
    Leather Surfaced Seating

    MSRP: 43,210

    I had a lot of incentives to apply totaling $7,671.83 broken down below:
    GM credit card earnings were topped off to $3,000 from mailer GM sent out
    Additional $1,000 promotion with the GM Card on the same mailer
    Additional $51.83 (dealer found this on the GM Card, don't know what it's from)
    CCR $1,620
    Conquest $2,000

    I have a lease on a 2010 Nissan Maxima w/ 6 payments @ $420/mo left (hence the conquest cash). My original plan was to just bite the bullet and pay the 6 months on the Maxima along with the new Traverse payment. I was shooting for $325/mo. for 2yrs, on the Traverse w/ no money out of pocket, just using the incentives. The Dealer went down to $350 but wouldn't go lower, so I decided to sleep on it.

    The Maxima needed tires and there was a disposition fee of $350 or $450 (can't remember exactly) that would be due in August along with these 6 payment's of $420/mo. So I returned to the dealer to see if we could do their number of $350/mo. for the 2yr lease, but I would give them $750 in cash if they could get me out of the Maxima. I had no math to come up with this number I just picked it. They worked on it for a while but simply said it can't be done for that amount because the buyout was too high on the Maxima at $20,500. I asked them what they could do if I gave them $1,000 and they take the Maxima. Final handshake number was my $1,000 out of pocket and a payment of $395-$400/mo. The finance guy wasn't there, so they couldn't give me the actual number until I signed, but assured me it would not go over $400.

    I got to pickup the Traverse today and the final number was $383/mo. Obviously, I was expecting $399.99, needless to say I was pleasantly surprised.

    So it cost me $1,000 out of pocket for the Traverse @ $383/mo. w/ the MSRP of $42,310 and I got out of the last 6 payments @ $420/month of a 2010 Maxima that had a buyout of $20,500, needed about $600 in tires and a disposition fee of around $400. I was satisfied with the deal considering I also live in PA where it's 9% tax when you lease a car.
  • Wow, great job. What dealership was this by the way?
    I'd be willing to drive to get a great deal from NYC

    I'm shopping for a 2013 base LS AWD and
    A few dealers are giving me the runaround. I too am coming
    Off a lease. I only have 1 payment on my 2010 VW CC which
    Is in immaculate condition. CCR is $1620 and conquest is $2000.
    I don't have a GM card so don't qualify for that.

    Did the dealer confirm the money factor and residual with you?
  • The dealer was Brown Daub Chevrolet in Nazareth, PA

    The money factor and residual that car_man listed for January on the LT is still valid at 1% and 64% respectively. I would guess the January values car_man listed for the LS in replying to your previous post should be too, but I'm just guessing.

    I am local to the dealership and they were very interested in where I lived for repeat business. That might give me a little advantage vs. what they'll do on out of state deals. I also made it known to them that I have another lease w/ Nissan that's up in 18mo.

    I'm not sure what the rules are on this forum, but I entered "car lease calculator xls" in google and used a spreadsheet that came up with the first hit to get an approximation on what the payment should be.
  • Ended up finalzing a deal with a local lease broker here in NYC. All of the local Chevy dealerships in NY/NJ were giving me the run around. Picking up the truck on 2/28 (last day of the month) to qualify for this month's deal.

    2013 LS AWD
    Sticker : $33,370
    27 month lease with 10K miles per year (22,500 miles total)

    Total due out of pocket : $639.05, which includes 1st month payment of $289.05, plus $350 which covers NY Plates/DMV and their "doc" fee.

    26 payments of $289.05. No disposition fee as the lease is thru Ally Bank.

    Residual was 69% and MF was 1% (thanks car man)

    This is the cheapest deal I could find. Im pretty happy with the payment, especially that im at $289 a month on a close to $34K truck with nothing out of pocket really.

    I did not end up trading in my VW, so I have another month that it will overlap with my new truck.

    The Honda Pilot, Highlander and CX-9 were leasing nowhere near this truck.
  • upstatebuyerupstatebuyer Posts: 7
    edited March 2013
    Hey Car_man. Looking to lease a 2013 traverse 2lt AWD with leather package, MSRP is 41265.00 including a 860.00 destination charge.

    Dealer quoted me 39,300 selling price, not sure if that was from any incentives or not. I believe there is 1000.00 + 500.00. with 0 down and I was rolling in the taxes , plates and other fees. 12k miles per year
    The dealer quoted me payments of 479.00 x 39 months with a 56% residual value (23,108)but wouldn't at that time go over the money factor. (I think they were trying to see what price per month I was thinking) but I said thanks and left.
    Based on what I am reading in these posted I believe I could get a much better deal than that.
    Wondering what your thoughts were?
    Please let me know what you think would be greatly appericated
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi upstatebuyer. You provided a ton of details in your post, good stuff. OK, you were quoted a discount of $1,965 on a truck that has a spread of around $2,139 between its full MSRP and its dealer invoice price. That's a great selling price...if the dealer is subtracting all of the available cash incentives from that.

    Specifically, right now GM is providing a $2,500 cash incentive on 36-month leases of this truck plus another $500 on top of that in certain areas. As you can see, this isn't a good deal if the dealer isn't subtracting this cash from the selling price that you mentioned.

    Ally's current base lease rate for a 39-month lease of this vehicle is 1.5%. Make sure that they use it to calculate your payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Awesome thanks! So they just called me back and they did offer me another 500 off. They also stated they changed the money factor down to 2.52% and a resdiual value at 58%, he now quoted me at 433 a month for 39months, math still doesn't work out. Do you know what the actual residual is for a 39 month? Also I am coming off a Toyota lease right now would I qualify for that 2k conquest offer I see on the Internet? Thanks again
  • upstatebuyerupstatebuyer Posts: 7
    edited March 2013
    So after further negotiation here's where we stand
    So options power sunroof, heated leather.
    Comes out to MSRP of 42555.00. Selling price down to 40200.00
    I am rolling everything into the lease total price is 41292.00
    They are giving me 5000.00 total rebates (2k in conquest lease, 1500 in cash, 500 in IVC coupons and another 500 if I buy before the 3/14, 500.00 in holdback split)
    Net cap cost: 37916.90
    Ally finance at 1.5 money factor with 56% residual)(23830.80) 12k mileage
    also paying first month so I would owe 38 months
    400.31 per month for 38 months. (they quoted me at 399.99 a month though)

    ***they quoted me 439.00 on a LTZ same deal MSRP at 46105.00(selling price at 43407.21)***

    Let me know what everyone thinks. I think based on my homework both are a good deal. I think I will go 2LT in case I buy at the end of lease, not looking forward to buying 20" tires)
Sign In or Register to comment.