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Chevrolet Traverse Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome upstatebuyer. The residual value for a 39-month lease of this truck with 15,000 miles per year is 54% through Ally.

    Since you are coming out of a Toyota lease, yes you should be eligible for the $2,000 cash incentive for conquest customers that you've seen mentioned.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • schwaloschwalo Posts: 4
    Hi.. I hope you can help me.. MSRP is 41,000 selling price is $34,500 and was quoted $489/mo for 36 mos lease, 15K miles, 0 down with taxes rolled in. I live in IL

    Is this a good monthly price or should I look for lower?

    Thank you in advance.
  • What's the money factor on this seems high, my msrp was 42255, got down to 389 a month no money down and taxes rolled in. Your residual should be at or higher than 56 and 1.5 was the money factor through ally bank. What other info do u have?
  • schwaloschwalo Posts: 4
    40965 msrp

    39000 sale price

    2743 tax

    - 4500 rebate

    54% residual

    39 months

    Ally apr 2.5

    Payment is 459 x39 months

    Thoughts?
  • Ally bank for 39 month lease also has 1.5 money factor along with a residual of 56. Download the lease app called lease calculate, very accurate. I think you might be able to work on the price before rebates just make sure it's close to invoice. Let me know how it goes
  • Here's the latest…I ended up putting a down payment down for the same car a two dealerships. I got the lowest price at one and negotiated at the other. I told them I'm buying car the next day who ever had the best price. Final deal was 369 a month, 39 months @ 1.5, 56 redsidual, I got nothing for my Toyota old lease. Not sure of the final price of the 2 lt yet. The msrp was 42255, 2lt with leather package and moon roof package. Plus I negotiated every other oil change free. Going to pick on 3/13. Final advise negotiate everything individually. Keep in mind the residual is set by the bank, but there is so many money factor rates that change the residual. Also put dealerships at war with each other and don't let them know it, just say thanks and walk out. I feel really good about this deal, I started this out couple weeks ago at 489, these guys have a lot of room to move. Good luck!!!
  • jen727bfjen727bf Posts: 10
    what was the purchase price and incentives they finally gave you for the $369/month deal? Did you already purchase?
  • Ended up at 36,740. That's total amount including NY taxes and all fees rolled in. My payments are 369.00 a month no money down for 39 months. So far I really like the car
  • Hi Car Man,

    Hoping you can help me with the April residual and money factor for a 24 and 36 month lease on this vehicle? Also, what incentives GM is currently offering.

    Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited April 2013
    Wow another really cool name :). Hey carfanman2. Ally's April base lease rate and residual value for a 24-month lease of a 2013 Chevrolet Traverse 2LT AWD with 15,000 miles per year are 1.0% and 64%.

    The numbers for an otherwise identical 36-month lease are 1.5% and 56%.

    General Motors is currently providing a $1,500 cash incentive on 2-year and $2,000 on 3-year leases of this car through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mcbais2mcbais2 Posts: 1
    Hi. I'm considering leasing a Traverse 1LT AWD w/ All Star package and 15,000 miles. Do you have the May numbers? Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here is the information that you're looking for, mcbais2. Ally's May base lease rate and residual value or a 36-month lease of a 2013 Chevrolet Traverse 1LT AWD with 15,000 miles per year are 1.5% and 56%.

    General Motors is providing a $2,000 cash incentive on 36-month leases of this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jaxartjaxart Posts: 1
    Does anyone have numbers for a May lease for 2013 Traverse LTZ FWD - 15k per year 36mth lease?

    Thanks
  • tankbuddytankbuddy Posts: 2
    how many miles per year lease did you get?
  • tankbuddytankbuddy Posts: 2
    it lists for 43,380, does anyone know how low a price I may expect to pay for this in Indiana.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I do. Ally's May base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Traverse LTZ FWD with 15,000 miles per year are 1.5% and 56%.

    General Motors is providing a $2,000 cash incentive on 36-month leases of this truck this month.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Would love to hear your feedback in regard to a lease my wife picked up yesterday. I feel we could have done better but she's not the type to extend the process more than a day and get a better deal. All fees rolled into lease.

    MSRP $35,965

    Sales Price $34,400

    39 month Lease 1.5% Lease Rate, residual 54%. 15,000 miles/year

    Trade in $15,000, payoff amount $14,623.53, net trade allowance $876.47.

    Breakdown from Ally.

    Itemization of Gross Cap Cost

    Agreed upon Value of the Vehicle $34,400.00
    Ally Admin Fee $595.00
    License/registration/title fees $103.45
    Sales Tax $1,007.40
    Cap Reduction Tax $278.44
    Document Fee $250.00
    Total Gross Cap Cost $36,634.29

    Itemized Cap Cost Reduction
    Trade in Allowance $876.47
    Lease Cash $2,000 .00
    GM Card $1,500.00
    First Month Payment -$398.73
    Total Cap Cost Reduction $3,977.74

    Adjusted Cap Cost $32,656.55

    Residual Value $19,421.10

    Depreciation Amount $13,235.45

    Rent Charge $2,315.02

    Total of Base Scheduled Payments $15,550.47

    # of Payments 39

    Total Scheduled Payment $398.73

    Purchase Option at End of Lease Term $19,421.10

    In the end $398.73 for 39 months, 15,000 miles/year.
  • I'm expecting a lease payment for a 2013 Chevy Traverse, AWD LT1, with quad seating [no other options] to be around 380 dollars. I factored a MSRP of 37,000; final sale price of 33,400, down payment f 500, sales tax 6%, 1.5 bank rate, and 58% residual value.

    I'd be happy with a payment under 395, based on some of the posts on this forum. During my first day of negotiations, 8 dealers told me I was being unreasonable to expect this vehicle for under 400 dollars.

    Should I expect dealers to reconsider over the next few days, or am I really miscalculating here?
  • chris0076chris0076 Posts: 11
    My Traverse lease will soon be up.

    Should I take car to different dealerships to see who will give me the best appraisal price.

    I want of course the most equity I can from the car.
  • What makes you think you have equity in the car?
    Even if you somehow did, I don't think they have to give
    You anything. It's even in the contract. Unless
    You plan on buying/leasing a new chevy, they'll somehow
    Consider but highly doubtful.

    Throw the keys at them and walk away. It's their problem.
    That's why you leased in the first place.
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