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Chevrolet Suburban Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey jim53. You definitely do not want to lease a Suburban through GMAC. General Motors is not currently providing any lease support on this truck, so the interest rates on it would be sky high. Plus its residual values are in the mid-thirty percent range. This is not a good truck to lease.

    Car_man
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  • penn2penn2 Posts: 61
    Hello Car_man

    What is current residual and lease rate for LTZ at 39 mos and 12k/yr? Any available incentives?

    Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello penn2. Ally's June base lease rate and residual value for a 39 month lease of a 2011 Chevrolet Suburban LTZ AWD with 12,000 miles per year are 0.15% and 44%, respectively.

    When negotiating your deal, make sure to take advantage of the $1,825 cash incentive that is available on leases of this truck through Ally.

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  • penn2penn2 Posts: 61
    Thank you Car_man -- but wow, not too attractive ... especially the residual. Will wait and see what July brings

    Thanks again
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome penn2.

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  • penn2penn2 Posts: 61
    Car_man -- now that we're in to July....has the lease offer improved at all for the LTZ? What is residual for 10k mi/year? Further incentives? I don't see a lot of these trucks being sold/leased.... thanks!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey penn2. Ally's June base lease rate and residual value for a 39 month lease of a 2011 Chevrolet Suburban LTZ AWD with 12,000 miles per year are 0.15% and 41%, respectively.

    When negotiating your deal, make sure to take advantage of the $3,000 cash incentive that is available on leases of this truck through Ally.

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  • Car_MAN

    Can you provide the residual value that Chevy is providing for this Lease deal?

    Chevrolet National Lease Offers
    2011 CHEVROLET SUBURBAN 2WD w/1LS
    Low-Mileage Lease for Qualified Lessees
    $499/month 39 month lease.

    $2,269 due at signing (after all offers). Includes security deposit.
    Tax, title, license, dealer fees and optional equipment extra.
    Mileage charge of $0.20 /mile over 39,000 miles.
    Read full offer details
    Example based on survey. Each dealer sets own price. Your payments may vary. Payments are for a 2011 CHEVROLET SUBURBAN 2WD w/1LS with an MSRP of $42,285. 39 monthly payments total $19,461. Option to purchase at lease end for an amount to be determined at lease signing. Ally Bank must approve lease. Take delivery by 10-03-2011. Mileage charge of $0.20/mile over 39,000 miles. Lessee pays for maintenance, repair and excess wear. Payments may be higher in some states. Not available with other offers. Residency restrictions apply.
  • I'd be happy to help you out, jcatan33. Ally's current base lease rate and residual value for a 39 month lease of a 2011 Chevrolet Suburban LS 2WD with 12,000 miles per year are 1.1% and 44%, respectively.

    General Motors is currently providing a $3,800 cash incentive on leases of this truck through Ally.

    Car_man
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  • ecloueclou Posts: 16
    Car_man can you list the current terms for lease on a 2012 Suburban LTZ 4x4? How about on a 2012 Suburban LT Z71 4x4?

    Thanks!
  • I'd be happy to help you out eclou. Ally's January base lease rate and residual value for a 36-month lease of a 2012 Chevrolet Suburban LTX 4WD with 15,000 miles per year are 1.1% and an unattractive 41%, respectively.

    General Motors is currently providing a $3,850 cash incentive on leases of this truck through Ally. Make sure to take this cash into account during your negotiations.

    Car_man
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  • mrbcarmrbcar Posts: 6
    edited February 2012
    Car man,

    What is current lease residual and money factor on 2012 Chevrolet Suburban 4WD 1500 LTZ?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mrbcar. Ally's current base lease rate and residual value for a 36-month lease of a 2012 Chevrolet Suburban 1500 LTZ 4WD with 15,000 miles per year are 1.1% and 40%, respectively.

    GM is currently providing a $4,250 cash incentive on leases of this car through Ally.

    Car_man
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  • Car Man - It is awesome & refreshing that there is a place to go where you are so forthright about the ongoing lease terms. I have a couple questions for you.

    Chevy is running the below leasing special on the base Suburban model, do the good money factors and residuals used in the special also apply for more upgraded versions? I want a 2012 2500 LT and want a good handle on the terms of the lease before talking with a deal. What are the terms for this Suburban? Thank you!

    Low-Mileage Lease for Qualified Lessees
    $479/month 39 month lease.
    $3,439 due at signing (after all offers).
    Tax, title, license, dealer fees and optional equipment extra.
    Mileage charge of $0.20 /mile over 39,000 miles.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'm glad that you find the Edmunds forums so helpful, cjwilson41.

    General Motors' lease rates are the same for all Suburban trim levels, but its residual values vary. Ally's current 39-month lease rate for all 2012 Suburbans is 1.1%.

    As you can see, General Motors publishes lease rates instead of money factors for vehicles. you can convert its lease rates into approximate money factor equivalents by dividing them by 2400.

    The residual value for a 39-month, 12,000 mile per year lease of 2012 Chevrolet Suburban 2500 LT AWD through Ally is 42%.

    When negotiating your deal, make sure to take advantage of the $4,250 cash incentive that GM is providing on 39-month leases of this truck through Ally.

    Car_man
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  • car man,
    I wanted to check the deal I got for a 2012 suburban LS with the all star pakage.

    39 month 10k miles
    MSRP $48,965
    Dealer lower the price to $45,337, then applied rebates and lease conquest
    rebates $7244
    adj cap cost $38,787
    I paid $2907 for tax tags title and 1st month payment.
    Payment is $489.00 per month
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi chuckso145. This looks like a very good deal to me.

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  • eyemaliveeyemalive Posts: 1
    edited April 2012
    Car_man

    Could you please let me know what the current lease residual and money factor on 2012 Chevrolet Suburban 2WD 1500 LTZ is? Looking at 24 or 36 month lease.

    Do the same rates apply to GMC Yukon XL's?

    Also, what incentives should I look for?

    Thanks a million in advance,
    Josh
  • Carman

    I've just started looking at leases for a 2wd 1500 LT, all star, leather . The first quote I got is below. I'm trying to guage where this stands. Looks to be on the high side to me.

    MSRP 50255
    Discount 3965
    $ down 683 first payment
    Rebate 4575
    $683/month 12k miles
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi svtcobrajon. There's probably a gap of around $3,500 between this truck's MSRP and dealer invoice price, so the $3,965 dealer discount that you are being given looks good to me.

    If you're going through Ally, make sure that the dealer is using its current 36-month base lease rate of 1.0% to work up your payment.

    Using the data that you mentioned, this truck's zero down, pre-tax monthly payment would be around $613. Sales tax would likely account for some of the difference. It's possible that some fees are being rolled into the lease as well.

    Car_man
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