Howdy, Stranger!

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





GMC Yukon Lease Questions

12467

Comments

  • Just leased a 08 yukon list price of $51500 it has everything. Purchase price including all fees of $46000. Zero down $698 a month. 39 months 12k a year.

    From what I have read I think I may have done pretty good.
  • hoss3hoss3 Posts: 7
    ok in short a few weeks back I leased a 07 denali 39 months 12K

    Totally loaded retract running boards, nav, rear seat entertainment etc..

    msrp 57,610(might be off a few hundred

    sell price 49800 or so

    699 a month zero down bought it in Ohio but live in PA..

    any thought on how I did?

    thanks
  • isalexisalex Posts: 4
    Man, I feel like I got hosed by the dealer....

    I live in Calfornia...leased a 2007 Yukon XL, LT1 package, but I also got the 20" polished alum wheels, and Nav/rearview camera, sunroof....

    12k miles, $1800 down, $650/month (tax included), the contract says that the gross cap cost is $45,145.71.

    Did I get totally hosed?? I have one option out of the contract, I think...they backdated the contract by one day to get the lease program to work...I did not realize this until I got home. I have had the car less than one week....should I be worried?

    Can someone please help???!
  • I want leather with captain chairs in middle an bench seats in rear i want to lease for 36-39 mths i have a total of 1000 to put down we live in va but nc line is on 30 minutes away i want to get best lease for 380-450 a month.

    need help one score is 700 plus the other is 520 will i get to lease at premeir rate
  • Any thoughts out ther on the diff in prices out there for leases on an SLT2, Denali, and MDX lease? I'd be looking at nothing down (just first month and doc fees, EVERYTHING else in payment) 12k mi and 36/39 mos. Also any thoughts on how much dvd/nav would add to the monthly lease rate? Additionally I def want power liftgate on each vehicle. Also any advice as to which to select? By Jan i will have 2 boys (4 1/2 yr old and newborn) and live in staten Island, NY (city driving will prob affect mpg's signficantly). Any thoughts on diff in mpg for the diff trucks?

    Thanks!
  • If I lived in NYC I would buy the hybrid outright and get the tax credit.
  • Hello Carman or anyone else who can help:

    Thinking about leasing a fully loaded '08 Denali XL that lists for $57,765 or might consider the shorter version for $55,205. Just curious what GM's current residual values and money factors (APR) are on either a 36mo/15k or a 39mo/15k lease?

    I've read that you cannot get the rebate, but can take the bonus cash on a lease. Is this correct? If I were to lease through a secondary bank other than GMAC, would I get the rebate?

    Thanks in advance for any insight.
  • Here's the information that you're looking for, ocautoseeker. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Yukon Denali XL with 15,000 miles per year are 7.2% and 60%, respectively. The lease rate for an otherwise identical 39 month lease would be the same, but the residual value would be 59%.

    What you read is correct, the customer cash that General Motors is currently providing on this truck is not compatible with this lease program, but the $1,000 bonus cash is. If you were to lease the Yukon XL that you are interested in through a bank other than GMAC then you would be able to take advantage of the $750 customer cash in addition to the bonus cash.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • One of my local dealers has offered to sell me an '08 Denali for $50,199. I am leasing the vehicle for 39 months/15k miles per year. Money factor is .003 (7.2%) and residual is $33,160 or 61%. It has the sun, entertainment, and destination package plus 20" wheels. I think it also has a heated steering wheel.

    Can you comment on that as compared to other sales out there? I'm inclined to believe I could get the cap cost down, but the lease values are pretty standard.

    MSRP is $55,205 and the above price is supposedly $500 under invoice, but I don't have the evidence to back that up. Can you help me? Thanks!

    Ken W.
    Massachusetts
  • I am told that by leasing the vehicle in the above post I lose out on incentives - $3000 worth. The vehicle cost drops to $47,199 if I buy outright. So, I guess I should rephrase the question to be is $50,199 a good price on a LEASED vehicle?

    Ken W.
  • Seems like a pretty decent price to me. What was the MSRP? 56,300? If so, the GMS employee pricing is $49,494 so you're getting a car close to employee price. What rebates are there for 3K? Marketing support? Also, what's your monthly payment come out to, including sales tax for that deal?
  • I think the MSRP was $56,205. I was really focused on the cap cost only. The GM supplier pricing is for purchases, unless I misunderstood. They have a lease deal, but this one is better than that.

    Payment is $727 if I pay the $670 acquisition up front, $747 if I roll it into the cap cost.

    I got responses from about 10 dealers and this is the best so far.

    Anyone out there get better numbers?

    Thanks,

    Ken
  • Those numbers appear very consistent. I structured two Yukon leases last month based on the same program GM is still running now. Although the lease rate is slightly high, the 59% residual (39 mo.) and aggressive cap cost make this a fairly decent deal, especially since you're allowed 15k-mi/yr.

    The only downside to this lease is the inflated residual value, especially if you're thinking about buying out at lease-end. No way in heck that truck will hold 60% after 39 months! If not, keep within your mileage, enjoy the ride and hand 'em the keys at the end.

    Good Luck!
  • Hey guys, I'm working on a deal right now that includes a fully loaded Denali with the sun ent. system and 20" wheels. They want 686/mo with $1800 out of pocket for a 39/mo lease. They are quoting me an invoice price of 54,674, residual is 62% and money factor is 8.7%. I really want to be between 500-600/mo on the lease price. What do I need to do to be there? Also the edmunds TMV invoice is showing
    $51,000, that should help right?
  • eights38eights38 Posts: 137
    franco16 - What dealer are you working with? If you need more help, please feel free to email me or reply.
  • I'd rather not say the dealer's name. The dealer has been pretty straight forward with many things. However, I had to figure out most on my own. I'm trying to get my payments to where I need them to be. Any suggestions on how to get there?
  • Hey ocautoseeker, Thanks for the reply but for some reason I was not able to view the whole reply. Would you mind contacting me again? I don't think the dealership checked other lenders, but I will inquire. I really want my monthly lease numbers to be between 500-600/mo. with the nothing down just inception fees. I did see an earlier post that said you can view the invoice of the truck online. Is that still possible?
  • mrcrmrcr Posts: 5
    Hi. I am looking to lease a Denali XL in SoCal. Does anyone know the current money factor, residual for 36 or 39 months and what a good negotiated price is right now?

    Thanks.

    Rick
  • mrcrmrcr Posts: 5
    I just saw your post. The residual looks about right. What is the msrp? The money factor looks real high. Can I assume that these are all current numbers?
  • Hey mrcr,

    the money factor I had quoted to me was 61%, and lease deal was for 39 mos. I am negotiating a deal right now in NJ, and so far I'm getting quoted $1800 inception fees and approx 680/mo. I really want my monthly to be about 580/mo. Based on what I'm currently paying for my BMW X5, I expect to get my lease price. I hope this was helpful. Let me know what you find out.
  • The msrp that was quoted to me was approx. $55k, Edmunds had it posted at 49K and change. I'm still trying to work on that. See my previous post for the money factor.
  • Hi carman,
    wondering what the rates are for a 2008 AWD Denali XL for 24 months with 10k miles?
    thanks!
  • does anyone know if the current incentives might be extended into march?
  • Here's the info that you're looking for, Rick. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 GMC Yukon XL Denali with 15,000 miles per year are 7.2% and 60%, respectively. The lease rate would be the same for a 39 month lease, but its residual value would be 1% lower. If you were to lease this truck with only 12,000 miles per year, its residual values would be 3% higher. When negotiating your lease on this truck, make sure to take the $1,000 bonus cash that General Motors introduced on it mid-month into account. The market for large SUVs like this is pretty soft right now. If I was in the market for this truck, I personally would shoot for a selling price of $500 to $1,000 under dealer invoice, after taking the bonus cash into account. You can look up this truck's exact dealer invoice price, by visiting the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi monkeyshift. GMAC's current base lease rate and residual value for a 24 month lease of a 2008 GMC Yukon XL Denali with 10,000 miles per year are 7.2% and 70%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 bonus cash that General Motors introduced on it mid-month.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi xogrady. General Motors' current lease program on the GMC Yukon is scheduled to run through March 3rd, but the $1,000 President's Day bonus cash that GM introduced on it mid-month is only scheduled to run through February 29th. If I was in the market for a Yukon in the near future, I personally would pull the trigger on one before the bonus cash expired. It is difficult to say what GM's incentives will be like on it in March.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks Car_Man. Do you have the interest rate and residual for the non-Denali yukon for 36 months for 10k miles/year? tks.
  • aonicaonic Posts: 1
    Hi Car_Man

    I'm in the market for leasing a 08 Yukon Denali, the one I was quoted for had an invoice price of 51K, I was quoted 64% resid on a 10K mile / yr lease for 39 months, the interest was 8.2% and the monthly was $656/m with 3K down

    Does this sound like a good deal? Should the interest be 7.2% going by the current rate?
  • utbanditutbandit Posts: 2
    Car Man,

    I am eligible for GMS and got the right residual, but was quoted 9.2% as the GMAC money rate. Did the rate change or do I need to fight for the lower rate?

    FYI I am still getting the $1000 President's Day cash.
  • penn2penn2 Posts: 61
    Car_man

    What has changed since your late February post?

    Specifically, MF and residual for Denali (not XL) @ 36 mos/12K yr.?

    Thank you!!
This discussion has been closed.