Howdy, Stranger!

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





Chevrolet Suburban Lease Questions

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Chevrolet Suburban. Thanks.

Car_man
Host
Smart Shopper / Prices Paid Forums
«134567

Comments

  • Sorry if this is a novice question.

    I just looked at a 2006 Suburban 1500LT w/ leather. The sticker was $44,770. The quote I got from the dealer was $37,877. What could I expect for a lease payment? Thanks.
  • Hi dettleff. The only silly question about leasing is the one that you don't ask. Leasing can be very confusing if you don't understand how it works and dealers often take advantage of this. You seem to be new to the game of leasing. If so, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    The problem with estimating what the lease payment should be on the truck that you are interested in using the price that you were quoted is that the dealer probably took the $3,500 customer cash that General Motors is currently providing on the '06 Suburban into account to arrive at this price. GM's customer cash incentives are not compatible with its special lease program. You need to find out how much the dealer that you are working with is willing to sell you this truck for before the customer cash is taken into account. This will be its price if you want to lease it. Also, in order to give you an idea of what your lease payment will be like for this truck, I need you to tell me how long you want to lease it for and how many miles per year you need to be able to drive it.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • grnfishgrnfish Posts: 6
    We are interested in a 2006 Suburban 4x4 Lt 1SM. What is the current lease program from GMAC on this vehical? We would be leasing it for 3 years and 15,000 miles.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings grnfish. If you were to lease a 2006 Chevrolet Suburban 4WD through GMAC for 36 months with 15,000 miles per year, its base lease rate and residual value should be 3.5% and 54%, respectively through April 4th. When negotiating your lease on this truck, keep in mind that GM is currently providing a $1,000 bonus on units that have been in dealer inventory since mid-November. Make sure to take this cash into account when negotiating the capitalized cost of the truck that you want.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • grnfishgrnfish Posts: 6
    Thanks Car man. What is the program on the 2007?
  • grnfishgrnfish Posts: 6
    Car Man has the lease program from GMAC changed for April? I am just interested in the 2006 Suburban. Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, grnfish.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi again. GM's lease program for some models did change for April, so let's take another look at GMAC's numbers for the Suburban. If you were to lease a 2006 Chevrolet Suburban through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 3.5% and 54%, respectively.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • I am entering into a lease of a 2007 Suburban LT3 with the options of second row captain chairs, third row bench seat, power liftgate and 20 inch chrome wheels. MRSP is $44,790 and purchase price is $38,800. Local tax rate 8%. The price reflects all dealer and customer incentives. Mileage is 20,000 per year and lease rate is 6.3%. No money down. My GMAC lease payment is going to be about $659 per month. Is this a good deal? What is the current GMAC residual for such a vehicle? What other expenses should I rightfully expect to pay at signing? Thanks, Ron
  • This is to inform everyone of the deal that I got on a 2007 Suburban LT3 with second row captain chairs, third row bench seat, power lifgate and 20 inch chrome wheels. MRSP was $44,790. Purchase price $38,800. GMAC residual was 60% and lease rate 6.3%/money factor .002625. With 20,000 miles per year and 8% local tax, my lease payment is $587.00. I paid the GMAC lease acquisition fee of $595 and deposit of $600 up front. This deal included the dealer keeping the customer cash back incentive of $2,000 and the dealer cash incentive currently being offered of $1,000. The base lease rate without tax and the additional miles above the standard 15,000 per year(5000 miles per year at 10 cents per mile) is $504.00 per month. Hope you can benefit from this information. Ron
  • I was quoted the following on an 07 LT# with various options and just wondering if Car_man could render an opinion as to how it looks. I am happy with the capital cost (I am getting partner's pricing which seems to reduce the MSRP to nearly the invoice price without the haggling). I know I am probably leaving out needed details but here's what I can think of:

    Cap Cost: $46,422
    12k per year
    39 month lease
    $672 per month (including tax)
    $1,472 in inception fees that include 1st month's payment

    Thanks in advance!
  • Hi carman, I am looking to lease a new 2007 chevy suburban by the end of this year with an msrp of $46,214. and I can get the vehicle for $40,017. (gm supplier discount + current offers). I am looking for a 36 or 39 month lease with $0. down Can you please tell me what monthly lease price I should be expecting to pay?
  • Hi pmannymo. If you are able to lease a 2007 Chevrolet Suburban with a capitalized cost that is close to dealer invoice, you are getting a good deal. Just make sure that the dealer you are working with uses GMAC's base lease rate of 6.9% to calculate your truck's lease payment and you're in business.

    Car_man
    Host
    Prices Paid Forum
  • I'd be happy to work up a sample lease payment on this truck for you, jb1hb1997. According to my calculations, if you were to lease a 2007 Chevrolet Suburban that has an MSRP of $46,214 and a selling price of $40,017 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $537. The selling price that you mentioned is very very low. I suspect that it some sort of cash incentive, like the $2,000 customer cash that General Motors is currently providing on the '07 Suburban, was used to arrive at it. Unfortunately, no cash incentives are compatible with GMAC's current lease program for this truck. As a result, the capitalized cost for a lease of one through GM's supplier program would probably be a little higher than this and so would its monthly payment.

    Car_man
    Host
    Prices Paid Forum
  • I am looking to lease a 2007 LT3 Z71 with a selling price of $46,400. I am in NY and want 12k/yr. I will put down whatever is required. I am 2,500 upsidedown on my trade. What would the payment be with the trade-in cost put into the lease and what the payment would be if I put the money down to even out the trade. Also, what would the residual be? Thanks

    Scott
  • I just bought an 07 Burb Z71 1500 4x4 , loaded w/every option.
    MSRP 53,560
    Paid 47863 out the door including tax, small doc fee, tags, everything.
    Thanks to all the helpful info here I was able to negotiate much stronger.
  • Hi Scott. If you are $2,500 upside down on the vehicle that you plan on trading in when you lease your new Suburban, it wouldn't be a bad idea to pay that money off out of your own pocket so that you can start fresh with your new lease. I would be happy to use GMAC's current lease program to estimate what this truck's monthly payment should be for you right now, but in order for me to do so I need you to provide me with its MSRP and to tell me how long you want to lease it for.

    Car_man
    Host
    Prices Paid Forum
  • Hi Car_man,

    I am also considering a 07 3-year lease. Could ou update us on the latest GMAC lease program; money factor, residual, milage allowance ad charge per mile etc.?

    Thanks,
    Jerry
  • After talking to several dealers in Fairfield County Conn. this weekend, a 3yr/15k lease is 6.9%APR, and 59% residual on a Suburban LTZ (MSRP $54,700 about $850/month). The current GM rebate of $2000 is not offered with the lease, so the cap cost is $2k higher than a straight buy. Ignoring monthly payments, the cost of ownership of leasing appears prohibitive when compared to straight buy/financing. Does anyone know why GMAC doesn't want to induce customers into leasing? Is there any room to negotiate on the APR of 6.9% whcih seems very high? Do you see any additional rebates or leasing incentives in the next few weeks with President's weekend? They seem to have a lot of Suburbans on the lot.
  • did you buy or lease the vehicle? what gm rebates did you get?
«134567
Sign In or Register to comment.