Howdy, Stranger!

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





Chevrolet Malibu Lease Questions

12357

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem, bookman05. An impressive $2,680 of the $3,000 customer cash that is available on the 2010 Malibu this month can be used on GMAC leases.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • autoboy19autoboy19 Posts: 90
    Carman,

    Do you have the current lease rates and CCR for the Chevrolet Malibu LTZ and 1LT for 36 months and 15k miles per year?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I certainly do, autoboy19. GMAC's May base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Malibu LTZ with 15,000 miles per year are 0.75% and 46%, respectively.

    The lease rate for an otherwise identical lease of a '10 Malibu LT is the same, but its residual value is 44%.

    When negotiating your deal on this car, make sure to take advantage of the $3,200 cash incentive that is currently available on leases of it through GMAC.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • neil22neil22 Posts: 19
    Car man...dealer in NJ is telling me that there is no such thing as a 3200 incentive..there is a 3000 incentive available on purchases only. he pointed me to the edmunds site for Malibu incentives and sure enough it states there is a 3000 incentive listed but also states: $3000 Customer Retail Cash may not be combined with 3.90% APR - 5.90 % APR and vehicle must be financed through the manufacturer's captive finance company.
    Comments Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.
    are you sure about the incentive for leasing ? if so how or where can I get the documentation to take to the dealer to confirm to him the incentive
  • zackpuzackpu Posts: 1
    Hi, I plan to lease a Malibu LS. I have the Toyota conquest money + GMS + rebates = 5200 off the MSRP. The lowest quote I have now for 24 months and 15K/year is 258 per month and 456 at sign up to cover title, dealers fee, etc. The total cost for 24 months lease is 6648.9. I would like to know whether it is a good deal. It seems that they do not give me any discounts saying that they can not lower the price because I already have GMS. Is that a true statement? How can I negotiate with the dealer?

    This is the first time that I try leasing. Any comments will be greatly appreciated! Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi neil22. The $3,200 cash incentive on leases of the 2010 Chevy Malibu through GMAC definitely exists. Any dealer who tells you otherwise is either confused or more likely lying to you. You don't have to prove anything to the dealer. They know darn well what the programs are. If they're going to try to mislead you then you should call them on it. If they insist that they're not lying, you should take your business elsewhere. I'm sure that there's tons of Chevrolet dealers in your state that would be happy to have your business.

    If you opt to finance this car, then you can't use any cash incentives...but you get a fantastic rate of 0% for 5 years.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Car_man. I am new to this forum but have read all 7 pages. I thank you for your excellent information. My 2007 Impala SS is coming off lease on September 3. This has been a truly wonderful car. Fast. Remarkably fuel efficient if I can keep off the accelerator. I have a tear in my eye because GM is not introducing new SS models at this time. OK, I have a SmartLease. I have a feeling I will be getting "sticker shock" when I see the new lease payments. Can you tell in advance what cash incentives for leases GMAC will have? If I'm starting a lease in September, is it less expensive to get a 2010 or 2011 model (there will be few differences, predicted major changes for 2012)? Is there any advantage to ordering, buying off their lot or dealer transfer? I will have any cash incentive, GM MasterCard cash and supplier discount. The lease I'm thinking of is 36 months, 12,000 miles per year (could be less). Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited June 2010
    Welome macolicious. That's a lot of pages to read through. I'm impressed.

    General Motors' current lease program is only scheduled to run through July 6th. It is very difficult to say what its lease program will be like on the car that you are interested in all the way in September. General Motors itself probably doesn't know at this point. A lot will depend upon what the market is like and how well this vehicle is selling.

    I generally find that consumers are able to negotiate the best deals by negotiating with dealers on vehicles that they physically have on their lot. Dealers are interested in turning over their existing inventory as quickly as possible so they can stop paying floor plan interest. Furthermore, dealers can deliver units that they have in stock very quickly. The longer a transaction takes from start to finish, the more chance there is that the deal will fall apart. So dealers want to get your car out the door ASAP.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • axjoke1axjoke1 Posts: 11
    Car_man, could you look up the lease rate and residual for a 2011 Malibu LS, 39 month lease with 12,000 miles. I'm putting nothing down, but just first months payment, taxes, and security.

    Also could you post the lease rate/residual for an equivalent 2010 model? Much thanks, your help is always appreciated.
  • autoboy19autoboy19 Posts: 90
    Carman,

    I was looking for the residual values for the Malibu LTZ and LT1 for the 24 month and 27 month terms. I also heard that the interest rate on these leases through GMAC is .01%? That sounds crazy, if you take into account the 3200 lease cash. I was wondering if you could confirm.

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited June 2010
    Hi axjoke1. General Motors just introduced incentives on the 2011 Chevrolet Malibu a couple of days ago. Unfortunately, it is not providing lease support on the '11 version of this car yet. It only has 5.9% financing for up to 6 years or $1,000 customer cash.

    It is running a special lease on the 2010 Malibu though. Through July 6th, GMAC's base lease rate and residual value for a 39 month lease of a 2010 Chevrolet Malibu LS with 12,000 miles per year are 0.75% and 45%, respectively.

    When negotiating your deal on this car, make sure to take advantage of the $3,200 cash incentive that General Motors is currently providing on leases of it through GMAC.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited June 2010
    Hey autoboy19. The last time that I checked, GMAC was not providing support on 24 month leases for any model. It does have support for 36 month leases though.

    Through July 6th, GMAC's base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Malibu LTZ with 15,000 miles per year are 0.75% and 45%, respectively.

    The numbers for an otherwise identical lease of a '10 Malibu LT1 are 0.75% and 44%.

    The $3,200 lease cash that you mentioned is correct.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mernelviamernelvia Posts: 1
    I just received my pull ahead offer from GMAC on a 2010 Malibu LS. It is for $199 per month for 39 months with $2,079 due at signing, with a MSRP of $22,545.00. (Note: Disclaimer; Example based on survey...dealerships?!?). This offer is for 1,000 miles per mo. or 39,000 mi. total.
    The $2,079 due at signing (per example) is to include; Security deposit, tax, title & license along with "dealer fee's". My first question is; I thought if you had "excellent" credit that the security deposit would be waived. Is this true?
    Second: In another post you mentioned a $3,200.00 GMAC incentive that can also be used on leases.
    So I don't get jerked around at the dealerships, can you please tell me how this incentive would work if I was to lease a 2010 Malibu LS with a MSRP of $22,545 as in their example.
    Any help you can give me in dealing with the dealerships on this offer would be greatly appreciated.
  • cyman98cyman98 Posts: 1
    I received a pull ahead offer and am wondering if the deal is a good one or if I should wait a little longer...possible through lease end for something better. Here's what I was offered:

    Malibu 1 LS

    39 months

    12,000 miles per year

    $1,173.90 down (That is $718.39 for tax, title, and license, $256.51 for first payment, and $199 for our documentation fee)

    $256.51 per month

    Is this a good deal or should I hold out?
  • irnctyirncty Posts: 3
    I worked with a dealer on a '10 Malibu LT2. Here's what they quoted me over the phone:

    MSRP: 27190
    Sale Price: 22900
    Acquisition: 595
    MF: 2% (0.00083)
    PA tax: 10%
    Residual: 47%
    Term: 39 months
    Mileage: 12K/year

    Monthly payment: $335
    Due at signing: 1st months plus license & registration fees (approx. $200).

    I was to pick up the vehicle tonight at 7pm. The finance manager just called and said she made a mistake on the residual, it's actually 43%. Payment is now $365/month. I told her to forget it, I'm not interested.

    Does anyone know the current residual % and money factor on a 39-month lease of LT2 with 12K miles? 43% seems low.

    thanks.
    Todd
  • Car man,

    Could you please tell me the residual and lease rate for a 2010 Malibu LTZ and if the $3200 lease cash is still available. I was also wondering how long the current rates are good for.
  • I forgot to mention...thats for a 36 month 12k/yr.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello thejman2008. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Chevrolet Malibu LTZ with 15,000 miles per year are 2.0% and 44%, respectively.

    General Motors is now providing $3,800 cash on leases of the 2010 Malibu through GMAC.

    I believe that GM's incentives are scheduled to run through September 7th.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    BTW, the residual for leases with 12,000 miles per year would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bvdj84bvdj84 Posts: 1,721
    Not a good way to do business over the phone. A mistake? yeah right. Their obligated now to give you that deal since they already told you. You can simple reject any other deal. I am glad you did. They wonder why dealers get a bad name sometimes, that is not professional

    Plenty of other dealers to work. .
  • mbd8mbd8 Posts: 3
    Hi,
    Do you see incentives getting better on 2010 models after 9/7/10 or have we peaked?
    Thanks
    MBD8
  • Good question, mbd8. It's difficult to say what GM will do with its new September incentives.

    If I had to make an educated guess, I'd say that its new Sept. programs will be at least as attractive as, if not more attractive than its August programs. Again this is just an educated guess based upon the fact that August auto sales were terrible and some rumblings that I have beard about General Motors making enhancements to its offers on 2011 models next week. It's difficult to predict exactly what automakers will do with their future programs.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Do you have the current November lease rates for the 2011 Malibu LS and LTZ for 24 or 27 months and 15k miles per year? Is there still $1,000 Toyota Owner cash available towards leases of this model? Any other cash available for leases of this model?

    Thanks again
  • I certainly do, autoboy19. Ally's November base lease rate and residual value for a 24 month lease of a 2011 Chevrolet Malibu LS with 15,000 miles per year are 0.4% and 58%, respectively.

    The numbers for an otherwise identical lease of an '11 Malibu LTZ are exactly the same.

    I haven't seen anything about the $1,000 for Toyota owners this month, but I do know that GM is providing a $2,900 cash incentive on leases of the '11 Malibu through Ally. There's additional lease cash on this car in California.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pk0525pk0525 Posts: 1
    edited January 2011
    Car_Guy,

    Could you help me with some information on Malibu leases? I am looking at potentially leasing for 24 months on either 12k or 15k per year. I am contemplating the LT1, LT2 and LT2 v6 models. I'd like to crunch some numbers. Do you have the latest lease residuals, money factors (or rate), and the new incentives for lease cash, lease cash bonus, dealer cash, etc. I have a topped off GM card and would like to know what other incentives are out there.

    Thanks,

    PK
  • I'd be happy to help you out, pk0525.

    Ally's January base lease rate and residual value for a 24 month lease of a 2011 Chevrolet Malibu LT1 with 15,000 miles per year are 0.15% and 56%, respectively.

    The lease rate for an otherwise identical lease of an LT2 is the same, but the residual value drops to 52%.

    The residual values for a lease with only 12,000 miles per year would be 2% higher.

    General Motors is currently providing a $3,150 cash incentive on leases of these cars through Ally. There's another $1,000 cash incentive on this car for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Great info. but how do you lease through Ally? I called them up and was told that they couldn't provide any of these numbers (base lease rate, residual value). I was asked to contact my local dealership for any lease related questions.

    I am new to leasing and I am wondering what numbers are determined by the dealership vs. being set by GMAC/Ally.

    Any tips you can provide on how to go about it will be much appreciated.

    (Considering leasing an LT2 for 24 months @ 15k miles/year)

    Thanks!
  • You're welcome carbuyer4646. What you were told is correct. Ally odes not deal directly with the general public. If you want to lease a vehicle through it, you will have to have a dealer facilitate your deal for you.

    The main variable that the dealership has control over on your lease is your vehicle's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Make sure to negotiate as low a selling price as possible on the vehicle that you want and then have the dealer calculate your payment using its base lease rate.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for clearing that up. Since we are now in February, would you have the base lease rate, residual value and incentive for this month :-) ?

    2011 Malibu LT2 lease, 15k miles/year, 24 months or 36 months?

    2011 Malibu LTZ lease, 15k miles/year, 24 months or 36 months?

    Thanks for the information.
  • No problem carbuyer4646.

    Ally's current base lease rate and residual value for a 24 month lease of a 2011 Malibu LT2 with 15,000 miles per year are 0.15% and 52%, respectively.

    The numbers for an otherwise identical 36 month lease are 1.8% and 45%.

    The lease rates for the LTZ are exactly the same, but its residual values are 56% / 48%.

    GM is currently providing a $3,150 cash incentive on leases of this car through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
Sign In or Register to comment.