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Chevrolet Silverado Lease Questions

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  • dextercdexterc Posts: 2
    edited January 2011
    Hey Car_Man

    Any update on 2011 Crew Cab LT or LS Lease Details. Did the $5050 carry over in to the new year. Any major changes to the interest rate and residual value? I am looking for a 15K lease. I'm currently in a 2008 Ext Cab LTZ with 4 payments left on my lease.

    Thanks.
  • Hey Car_Man

    Any update on 2011 Crew Cab LT or LS Lease Details. Did the $5050 carry over in to the new year. Any major changes to the interest rate and residual value? I am looking for a 15K lease. I'm currently in a 2008 Ext Cab LTZ with 4 payments left on my lease.

    Thanks.
  • klrssklrss Posts: 25
    Incase someone was in the market for a new GM/Chevy product, I wanted to share some info for you to read before you buy.
    I bought a new 2010 Impala LTZ a few months ago. I have 6,000 miles on it now. I have been having this bad sulfur/rotten egg smell from the exhaust since about a week after I had it. I finally brought it into the shop and they said they found no issues, and it is probably bad fuel. I questioned the fact that I can run the same fuel in my 2011 Kia Sorento, and my 2009 Civic without the smell, so I don’t think it is the fuel. They told me there isnt anything they can do and again advised that I run a tank of quality fuel through it and see if that helps. So, I did what they said. I actually ran three tanks of Exxon through it, and one tank of shell, and the smell never went away. I called GM customer service and they asked if I was getting fuel at the same stations, or if the stations were close to each other. I told them yes, except the shell, which was across town. The gm customer service lady said " well, maybe the stations are getting the same fuel, and you might need to try other stations". I could not believe it! My car smells like rotten eggs...my two other cars run fine on the same gas, I tried higher grade gas like shell and Exxon and still no change, now they want me to drive all over town trying different fuels!!! I tried to get them to understand that I have NEVER had to worry about what fuels I use in any car that I have owned, and I have owned many GM cars in the past, and that they need to look at this Impala. So the customer service lady said to bring it back in and she would tell the dealer to look at it again. I take time out of my day, bring it in, I asked for a loaner and they didn’t provide one, which just added to the fun of it. They looked it over and called me and told me they still didn’t find anything wrong, and didn’t smell it this time at all. Wow! I can’t believe they didn’t smell it! ( or maybe it just looked better on the paperwork for them not to smell anything). I picked the car up and they gave me a TSB Bulletin that basically said that the smell is caused by high sulfur fuels and instructs the service dept not to replace parts because it is a fuel issue. I tried to get them to explain why my car smells, but other new GM cars do not, but they still said it was a fuel issue.
    So, my warning is that if you get a Gm car or truck that smells like sulfur/rotten eggs, GM will not fix this and you will have to endure the smell. I really didn’t expect to pay 25k for a car that smells horrible. I put my trust and money into GM/Chevy, and that was a mistake. Now I get to smell sulfur when I pull up to the drive-thu’s ( banks/Fast food), and have family/friends who follow me to places tell me my car stinks, and clients who I have in the car tell me " have that fixed, it is the catalytic converter"...etc.
    I would highly recommend that you go with a Kia, or Honda, or some other brand that actually can burn any fuel out there without it smelling. Gm seems to not want to disclose that their cars can not burn today’s fuel cleanly, because if they did, there would be many folks that would not buy...including me! I hope this helps someone who feels this service issue would be important to them if they purchased GM.
  • drlevdrlev Posts: 4
    edited January 2011
    Am looking for 36 and 39 mo residual %'s on '11 Silverado CrewCab LT based on 10K miles, 12K miles and/or 15K miles/yr leases. Also looking for current interest rates (money factors) for 36 and 39 mo leases.

    If I can get these figures, I can calculate my payments.

    Also, any current lease rebate info would be greatly appreciated...still wondering if it's $4300 thru Ally. Thanks.
  • drlevdrlev Posts: 4
    edited January 2011
    Answered my own question today:

    '11 CrewCab Silverado...36-mo lease = 49% residual on 15K miles, 51% on 12K miles; 53% on 10K miles/yr.

    39-mo lease is 1% lower on the residuals. Interest rate is 1.8% for now thru Ally bank.
  • Hello dexterc. General Motors' cash incentive on leases of the 2011 Chevrolet Silverado in January is now $4,400. The lease rate for a 36 month lease of this truck through Ally is 1.8%.

    Ally's January 36 month, 15k lease rate for an '11 Silverado 1500 Crew Cab LS or LT 2WD is 47%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • stef3stef3 Posts: 25
    Hi Guys,
    I am trying to lease this truck for some time but I am tired already. My numbers never get close to what the dealer is asking.
    Here are the facts:
    VIN: 1GCRCSE0XBZ165202
    Sticker price including delivery $32460
    Terms: 36 months 15000 miles.
    In top of all rebates (would be good to know) I have an extra $1000 loyalty discount, and willing to put down $2000.
    No Credit score problems at all.

    The dealers offer after 1 week of back and forth is $497/mo with $1555 down - In my books this is a little too much and I am tired of negotiating.

    If somebody would guide me in the right direction I am ready to take this truck tomorrow.

    Thank you ..
  • stef3stef3 Posts: 25
    The truck is in california, sales tax 8.75%
  • drlevdrlev Posts: 4
    edited January 2011
    That number is CRAZY! I just got a $38.5K '11 LT for $379/mo, including the 9% tax...no extra money down.. I paid acq. fee, 1st mo, and title, registration, minor fees, up front....total $1445 at signing, 10K miles/yr, 36 mo.

    Are they taking the $4400 GM lease incentive off your capitalized cost?

    I did a rough estimate (taking $2K off MSRP), then another $4400 lease incentive, using 15K miles, 47% residual, 36-mo, 1.8% int and got $360/mo, with no extra down, using 8.75% tax.

    With an extra $1K off for GM loyalty, your payment should be around $329/mo, with tax, NO extra money down.

    I think your dealer is forgetting the $4400 or not telling you about it. Without it your payment goes to $486/mo...$465/mo if only giving you the $1K in GM loyalty. You can crunch the #'s yourself at:

    http://www.leaseguide.com/calc.htm
  • 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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    Prices Paid: Buying & Leasing Experiences Forum
  • 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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    Prices Paid: Buying & Leasing Experiences Forum
  • 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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This discussion has been closed.