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Chevrolet Silverado Lease Questions

124

Comments

  • stef3stef3 Posts: 25
    Thank you,
    Do you think the dealer will take $2000 off MSRP and give the $4400 lease incentive as well? That is a hard push but worth a try.
    The problem with car shopping is that we are not doing it often so every time is a new chalange.
    Sometimes I wish car shopping would be like shopping for shoes .... This is the price, take it or leave it so, we would not have to waste days to figure out if we get screwed or f~~~ed.
  • drlevdrlev Posts: 4
    edited February 2011
    It's NOT a hard push...that $4400 doesn't come out of dealer's pocket...comes out of GM's...the dealer couldn't care less, unless THEY are trying to screw you and pocket it for themselves. Offer UNDER dealer cost by $400 or so, use that as Cap Cost, then take the extra $4400 off. This is the deal I made. Don't let them screw you!

    Dealer cost includes invoice plus some BS advertising/training fees...anywhere from a few hundred to $800 over invoice...make them show you this! They have to if you ask...all of the dealerships did that I went to. If they don't, walk out. Remember, invoice on these trucks is about $2500 to $3K under sticker. Don't negotiation from sticker...negotiate from invoice (or dealer cost)....you can get UNDER dealer cost. GM sends the dealer a 3% check for the holdback after the sale, 3% of invoice to dealer...all profit. So they still make money if you buy a bit under their "cost." Good luck
  • Carman,

    Can you provide the lease rates and residuals for feb. on the Lt and Ltz trim. 4x4 crew cab. 10k miles 36 months. Southern California.Can you also let me know if the lease cash is still available. I know this is asking alot but can you provide the rates form both ally and us bank if you have them. Thank you your help is always appreciated.
  • Hi greez82. Ally's current base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Silverado Crew Cab LT 4WD with 10,000 miles per year are 1.8% and 52%, respectively.

    The lease rate for an otherwise identical lease of a Silverado Crew Cab LTZ 4WD is the same, but its residual value is 50%.

    The lease rate for US Bank is 0.84%.

    GM is currently providing a $4,400 cash incentive on leases of this truck through Ally and $4,050 on leases through US Bank.

    Car_man
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  • Carman,

    Do you have the 24/27 month rate and residual for the Silverado LT Crew Cab 4WD and LTZ Crew Cab 4WD with 15k miles per year.

    Thanks
  • Hi rman850r. Ally's current base lease rate and residual value for a 24 month lease of a 2011 Chevrolet Silverado LT Crew Cab 4WD with 15,000 miles per year are 0.15% and 54%, respectively.

    The numbers for an otherwise identical lease of a 2011 Silverado LTZ Crew Cab 4WD with 15,000 miles per year are 0.15% and 52%.

    When negotiating your lease on this truck, make sure to take advantage of the $4,400 cash incentive that is currently available on leases of it through Ally.

    Car_man
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  • ttw2ttw2 Posts: 1
    Hello Car_man,

    ok, so I am looking to lease an LT crew cab 1500. my buddy owns the chevy dealership and said he is leasing me the truck at "his cost" could you confirm the following?

    his cost 36,417.26 (msrp 38,430.00) + 187.00 doc fee = 36,604.26

    minus trade 15,000.00 = 21,604.26- rebate 2,500.00= 19,104.26

    plus payoff 13,400.00= 32,504.26-gm card 3,000.00= $29,504.26

    payments 197.00/39 months

    is this really his cost and is it a good deal?

    thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ttw2. It's tough to determine exactly what this truck's cost is, but the definition that most people use is dealer invoice (the real "cost to the dealer is lower than that after one backs out holdback and other kickbacks from the manufacturer).

    You can look up the dealer invoice price of the exact truck that you want over in the New Vehicle Pricing section of Edmunds.com.

    As far as the cash incentives that are available on this truck go, while General Motors is providing $2,500 consumer cash on it that cash is for cash purchases. GM is actually providing more cash on leases of it. Specifically, GM is providing a $3,700 cash incentive on 39 month leases of it through Ally.

    Car_man
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  • rman850rrman850r Posts: 14
    Carman,

    Did this lease program change for March?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rman850r. The lease rates are exactly the same, but the residual values dropped by 1%. The lease cash for deals through Ally also dropped to $3,700.

    Car_man
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  • Hi Car Man. Can you update the lease programs for April? I'm looking to return my 08 Silverado and lease either a 11 Crew Cab LS 4WD or a 11 Crew Cab 4WD LT depending on the price. Can you advise of any lease cash, lease rate, and residual values for a 36 month lease / 10,000 miles a year.

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I sure can, gmsilverado. Ally's April base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Silverado Crew Cab 4WD LT with 10,000 miles per year are 0.15% and 51%, respectively.

    The lease rate for the LS would be the same, but its residual value would be 2% higher.

    When negotiating your deal on this truck, make sure to take advantage of the $3,700 cash incentive that is currently available on leases of it through Ally.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you so much. That info is next to impossible to find. Do you happen to know if credit union pricing can be applied to a lease? Not sure if that is only for a purchase. Thanks so much for the help!!!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome gmsilverado.

    That's a good question. One would think that to be eligible for credit union pricing that they would have to finance through the credit union. Having said that, credit unions con't have any special advantage that normal consumers have. You should be able to negotiate a similar price on your own by comparison shopping.

    Car_man
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  • dvdnetndvdnetn Posts: 3
    How about the same for April on Sierra Crew SLE and SLT 3/36 & 3/39 any consumer cash?
  • rpm813rpm813 Posts: 2
    edited May 2011
    Hi Car_Man,

    I am trying to find lease numbers for a 2011 LT Crew Cab Silverado Texas Edition or a 2011 LTZ Crew Cab with a term of 36 or 48 months and 12k miles. Any help would be appreciated.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings rpm813. Ally's current base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Silverado 1500 LTZ Crew Cab 4WD with 12,000 miles per year are 0.15% and 47%, respectively.

    The numbers for an otherwise identical 48 month lease are 1.32% and 41%, respectively.

    I haven't seen the numbers for the Texas Edition version of this truck.

    When negotiating your deal, make sure to take advantage of the $4,050 cash incentive that is currently available on 36 month leases of this truck through Ally.

    Car_man
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  • anderm30anderm30 Posts: 2
    edited June 2011
    Car_man,
    Do you have the residual and money factor for a 4WD extended cab LT truck on a 36/15k? Is there cash incentive from Ally? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I certainly do, anderm30. Ally's June base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Silverado 1500 Extended Cab 4WD LT with 15,000 miles per year are 0.15% and 46%, respectively.

    When negotiating your deal on this truck, make sure to take advantage of the $4,050 cash incentive that is currently available on 36 month leases of it through Ally.

    Car_man
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  • orrjh38orrjh38 Posts: 1
    I am looking at leasing a 2011 Crew Cab Silverado. Are we seeing the same numbers?
  • Car_man - I'm looking at leasing a ' 11 Silverado Ext Cab 4x4 LT. Can you please post the base lease rate and residual value for a 36 month lease? Also, what is available as far as lease cash for this truck?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey orrjh38. The lease rates for both trim levels would be exactly the same, but the residual values for the Crew Cab model would be 3% lower.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings to the appropriately named gmsilverado. Ally's August base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Silverado 1500 Extended Cab LT 4WD with 15,000 miles per year are 0.15% and 43%, respectively.

    General Motors is currently providing a $4,050 cash incentive on 36-month leases of this truck through Ally.

    Car_man
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  • dylrexdylrex Posts: 59
    Hi Car_man.
    Can you please provide me with the lease rates for 24/36/39 months with 12k per year on the above truck? Does the 2012 have better rates?
    Also, is there any lease cash or rebates available?
    Thank you in advance.
  • Hi Car Man,
    First Thanks for all your great info. I am looking to lease a 2012 Chevrolet Silverado 2500HD. What is the money factor and residual for a 36 month lease with 15,000 per year? Is there any lease cash available? How would USAA membership help me or can I get just as good a deal dealing directly with the dealer? Thanks,
  • Sorry, forgot to add that it would be a Crew Cab LTZ with 6.6 TDSL. Thanks,
  • Hi kbb2222. If I am not mistaken, I believe that unfortunately General Motors is only providing lease support on Silverado 1500 models, not the 2500.

    Car_man
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  • Hi Car Man,

    I am looking at leasing a 2012 1500 Extended cab, either an LT or LTZ. What is the money factor and residual value for a 39 month lease with 12k per year? Also is there a current cash incentive? Thanks for your time.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi halekoa1. Ally's current base lease rate and residual value for a 39-month lease of a 2012 Chevrolet Silverado 1500 Extended Cab LT 4WD with 12,000 miles per year are 1.0% and 43%, respectively.

    The lease rate for the LTZ would be the same, but the residual value would be 1% lower.

    GM is currently providing a $5,100 cash incentive on 39-month leases of this truck through Ally.

    Car_man
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  • tms9tms9 Posts: 1
    Hello Car Man. I'm looking to lease a suburban 4X4 LTZ. Do you know the money factor or interest rates and rebates available from US Bank and Ally? Thanks so much.
This discussion has been closed.