Howdy, Stranger!

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





Chevrolet Malibu Lease Questions

1246711

Comments

  • Hello All:

    I am in the market to lease a sedan (approx 22k gross) and these two are right up my alley. I should note that I get the GMS pricing on them, which is why i selected these two. Based on similar models such as Saturn Aura V6 and Malibu V6 (base models) has anyone driven both and can tell me pros/cons/preference for either car?

    Also, as I am looking to lease (w/ $0 down) does anyone know what kind of specials are going on with the two cars right now? What is the GMAC base lease rate for both (and how do you qualify for that)?

    Thanks in advance for the help on my first lease!!
  • 40yearfan40yearfan Posts: 72
    Hey kinneyrhs:

    I don't know about the Aura, but if you want the V6 on the Malibu, you won't be able to get it on the base model. It's only available on the LT2 with the engine package option or is standard on the top of the line LTZ. I have an LT2 with the engine package and am really pleased with it. I drive pretty hard with a lot of city driving and am averaging better than 21 MPG with the air conditioner running (I live in the Phoenix, Az. area). The sticker price on my car was around $25,000 with the engine package option.
  • Thanks for the info. I believe I have read your thread on your lease, but would you mind telling me again all the specs you got on your lease?

    Also, assuming I can get the GMS price on a car (22k MSRP would be about 20k I guess), should I be able to get a lease payment for under $300/mo. incl taxes, fees, etc with $0 down?
  • 40yearfan40yearfan Posts: 72
    Depends on the length of the lease, the residual and the interest rate. I'm not sure whether GMAC is offering any kind of incentives on the Malibu right now. Check out www.chevrolet.com to see what kind of incentives, if any, they are offering in your part of the country.">link title

    Hopefully Car_Man will check this thread out and give you the info you need to figure your lease costs.

    How long a lease are you looking for?
  • packer3packer3 Posts: 277
    I live in NJ right now the GMAC lease rate is 7%.
    I turned in my leased Equinox and just leased a 2008 PontiacTorrent AWD 39 months 12,000 miles per year. Cost of the SUV was $24,600. $1,000 out of my pocket only I had $600.00 in GM Credit Card dollar points, and there was $2,500 in rebates from GM/Dealer Total of $4,100 down payment. My monthly payment is $315.00 a month.

    I just turned in my leased Malibu, however due to the high lease cost on the new Malibu starting with the base model, I leased a 2008 Honda Accord LXP 36 month 12,000 miles per year the cost of the car was $21,500. $1,000 out of my pocket only, $300.00 dealer incentive Total of $1,300 down. My monthly payment is $260.00 per month. The car is awesome first Japanese car I ever had.

    I just saw an ad in todays paper from a local Chevy Auto Mall on RTE 17 in Paramus NJ and they are showing the 2008 Malibu LS 4cyl 39 months 10,000 miles per year cost for the car is $20,075, lease cost per month is $199.00 plus tax $1,500 in GM/Dealer incentives included in the deal, $3089 due at inception. This doesn't include taxes which will bring up the cost on the monthly price of $199.00, plus you have to include reg. documentation fee cost on top of the $3,089.

    My guess is that if you put nothing down on this car it will proably run you between $375 to $425 a month

    Also I priced out the new Vibe base model and Saturn Astra also all automitics, the Vibe was $2300 down 39 mths 10,000 miles $325.00 per month, the Astra was $2,300 down $375 per month, thats why the Honda came into play.
  • jaxs1jaxs1 Posts: 2,697
    Those are kind of made up out of the air payments for the Malibu.
    The only way to know what the payments would be is to know the exact money factor, length of term and mileage, residual and capitalized cost.
    I see many people posting in the Honda Accord lease forum that the 2008 Accord's lease deals are not very good and there are no lease incentives and other vehicles are recommended if you want great lease deal.
    There were supposed to be at least mild lease incentives on the Malibu that would make the lease money factor rate lower than 7%.

    Can someone post the official GMAC April lease numbers (money factor, residual for 12K and 15K miles, bank fee and security deposit (if any)) on the 2008 Malibu?
  • packer3packer3 Posts: 277
    That's why people like you steer other people in the wrong direction, these are facts, I have both cars a week now so it's not old news, you could also go on the Paramus Chevy nj web site and see for your self. As they say facts dont lie, liars do. I also have been leasing Chevys (GM) since 1990, if I would have gotten the same deal from Chevy as I did for the Honda, a new Malibu would be sitting in my drive way along with a new Equniox.
  • jaxs1jaxs1 Posts: 2,697
    I am not steering anyone anywhere. I asked for someone to post official GMAC lease numbers, not and ad from a NJ dealer's website.

    It looks strange when someone posts information that's the opposite of what most people in the Honda Accord lease forum here are saying.
  • packer3packer3 Posts: 277
    First of all the number I posted was from GMAC, the add I refrered to just spelled out the deal for a new 2008 Malibu not the rate, and why are you asking a Hoda pool for a GM rate, Honda has it's own seperate finance arm. Please read my articles more closely half the questions are asking are already answered, like if you read my first article I out lined all that info about miles, down payments, and monthly cost, which by the way is the most important part your monthly cost. if your budgeting to spend say $150 a month with $500 down on a leased car who cares what the rate is you wont own it at the end anyway.
  • jaxs1jaxs1 Posts: 2,697
    This is the Chevy forum and I'm asking for the GM rate here, not in the Honda forum.

    I only mentioned the Honda forum because you said you got such a great lease deal on an Accord when others are posting so-so deals and are telling people to go look at Acura TLs and TSXs if they want a bargain lease.

    I have also heard that there was some lease support on the Malibu, but your info doesn't show that.

    The rate and everything that goes with it matters because they're all connected. The payments are calculated based on a formula that needs all the information. Payments and down payments do not just appear out of the air.
    Your information doesn't make sense.

    I'm looking for someone such as Car_Man to post all the information needed to calculate the payment and total cost on a Malibu lease this month (money factor, residuals, security deposit, bank fee etc.)
  • 40yearfan40yearfan Posts: 72
    If all you are worried about is dollars, I'm sure you can find a better deal than a Malibu right now as it is one of the hottest cars in the market and the dealers are selling them as fast as they can get them. If you want something new and exciting, something that everyone will stop and stare at and ask questions about, a Honda Accord is not going to cut it. That's why I got the Malibu and paid a little more for it.

    While I was washing my Malibu in the driveway this afternoon, every person that walked past stopped by to look at it and that happens every weekend. It's nice to drive a car that a lot of people desire.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, jao6304. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Malibu with 15,000 miles per year are 3.15% and 51%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi g6leaser. General Motors' supplier purchase program provides pretty good deals, so you probably did fine on your Malibu, price-wise. Also, the lease rate that you were quoted is right in line with GMAC's base rate for this model. This looks like a good deal to me. Enjoy your new car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kinneyrhs. You are going to get a great deal on this car if you can lease it at the GMS price. You never mentioned how long you want to lease this car for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Malibu with 15,000 miles per year are 3.15% and 51%, respectively.

    When you figure out exactly what the MSRP and selling price of the car that you want are, you can plug them and the above lease program into the formula that is outlined in the following article to see what your lease payment will be Calculate Your Own Lease Payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • g6leaserg6leaser Posts: 48
    After watching this forum and doing a ton of research on true market value's and what other people have paid for the vehicle - I did fairly well - maybe could have knocked 5 to 10 bucks off my lease price - but to put so little down (only first month payment) and to pay 370 bucks a month is fine by me for this hot new ride - so many compliments and it's fun to drive - my G6 was fun to drive, but this actually provides more enjoyment than my G6 - and that was a V6, I only have the 4 in my 2LT Malibu....

    The residual was 53% for 39 months - which seems poor to me, the car should retain more of its value in my opinion...
  • jaxs1jaxs1 Posts: 2,697
    Thanks. I didn't think 7% sounded even close to correct.
  • packer3packer3 Posts: 277
    I guess I didn't pull that $370 a month range I quoted with no money down number out of my hat. Don't get me wrong as I said I have been leasing nothing but Chevys since 1990, and the car 2004 LS Malibu V6 great engine by the way real smooth good power and pretty quiet, I turned it in for the Accord EXP with a $1,000 down @$260.00 36 mth, 12,000 miles a year one of the main reasons was the lease cost, and some quality issues. But Paying $370 for a Malibu 4cyl no way, I would have rather put down $3,000 for a BMW, or a Caddy for that kind of monthly cost.
    When the 04 came out it was touted in the same way, however as you will see over time probably within the first 6 months to a year you will find the gas mileage will not match the sticker city mpg numbers and it wont get better as the car breaks in the city stop and go, rattles window, control arm squeaks, center arm rest and dash board clicking and squeaks that no dealer ever seems to find except your self. To most Bu owners keep a pocket recorder handy in the car you will need it. Mileage in the 04 I was getting 14 to 16 mpg sticker stated 23 mpg and the highway stated 32 however, I was getting up to 37mpg on a straight run that is almost better than any 4cyl on the market.You also probably haven't noticed it yet but the steering is kind of numb in reaction time that is.
    Well Good luck with the new BU it is an outstanding looking car in and out and if it weren't for the past issues and gas mileage I would have loved to have gotten another one, I was just dissapointed and the leasing cost didn't help.
  • packer3packer3 Posts: 277
    Again when you are leasing who cares about rates, if you can lease a car with hardly any thing down and get real low monthly payments you have met your objective who wants to pay apartment rent money for a car, your not buying the car car.
    It does matter if you are buying it out right because you wouldn't want to be paying a hefty finance charge that will cost you more than the car is actually worth.
    And here is a tip to any one if you do buy a car buy do it with with a home equity loan (if you can) you can claim the finance charge points on your taxes.
  • jaxs1jaxs1 Posts: 2,697
    The Malibu looks nice and you don't see them around much yet because of the level of sales. There is a shortage because of a production limitations, not demand. The demand is nowhere near the demand for Camrys or Accords or the dealers would never have any on their lots with the slow rate of current deliveries.

    Of course demand is still much better than last year's plain-Jane model, but it isn't that incredible of a demand as people would like to say.
  • 40yearfan40yearfan Posts: 72
    GM's truck and SUV sales were down 22 percent in March while its car sales fell 14 percent. New vehicles like the Chevrolet Malibu were a bright spot, with sales up 17 percent, but sales of Chevrolet pickups were down 25 percent while sales of GM's gas-guzzling Hummer brand were down 29 percent. GM's sales were down 11 percent for the first quarter.

    link title

    Sales of the Malibu were up 17% in March while sales for all GM products were down by 19%. And this is in a very bad auto market where all auto manufacturers posted sales losses.

    Considering the market conditions, I'd say the demand for the Malibu is pretty good.

    EDIT: Just found another interesting article about the Malibu and how GM is doing with it:

    link title
Sign In or Register to comment.