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GMC Yukon Lease Questions

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  • ReelsReels Posts: 1
    I was told last week GMAC has suspended the leasing programs until further notice.

    Did get a smoking deal on a purchase of an 08 Denali. About 26% off.
  • Hi Reels,

    How much was your Denali? How much off MSRP? Enjoy the ride.
  • Hi ransom777. General Motors' current financial problems have forced it to pull the plug on its special lease program. If you really want to lease a GMC Yukon right now, you will have to do so through an independent bank...if you can find one that is willing to lease you this truck.

    Chances are, you will be better off paying cash for or financing the Yukon that you want through an independent bank (GM pulled the plug on its special financing program as well).

    Car_man
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  • dfarberdfarber Posts: 18
    hello carman- i am contemplating taking over someone's GMC Yukon Denali lease on the 'leasetrader.com' website. the lease comes due in around a year and i would like to be able to extend the lease 3-6 months longer. do you know what GMC's policy is on extending leases? I know they are not leasing new cars anymore and am assuming they would be happy for me to keep paying my monthly payment rather than having the car returned, sitting on the lot depreciating in value each month.

    pls let me know what you may know here- thanks

    Dave
    NY
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Dave. In the past I am sure that GMAC would have been happy to allow you to extend your lease. I have extended a lease through them before. Today is a completely different story though. I'm not sure what GMAC's stance would be on extensions now that it is no longer leasing vehicles.

    Logically, one would think that they would welcome an extension because it would delay the pain of them getting back a truck that they likely significantly overestimated the residual value for. However, logic often does not prevail in situations where a company is experiencing severe financial problems. You can always give them a call and see what they say before pulling the trigger on the lease assumption. If you do, I'd really appreciate it if you stop back and let us know what they say. I'm curious.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • nringnring Yardley, PAPosts: 97
    edited June 2010
    Hi. I need some help to figure out my lease. I am looking for the 2010 MF and Residual for a 2010 GMC Yukon Denali 4dr SUV AWD (6.2L 8cyl 6A) in onyx black and black insde. Loaded minus Retractable Assist Steps. If you have the MSRP and CAP cost as well that is great. I am looking to lease for 36 months, 12K miles, nothing down, in bucks county pa where there is a 9% lease tax. any help please! i appreciate it. I was quoted 56,775 for black on black cap cost for a "61,000 unit where the sales man is making 897 in profit so he tells me. Is this a good deal? Thanks.

    Thanks,

    Noah AskNoah@icloud.com

  • nringnring Yardley, PAPosts: 97
    Car_Man. is GMC offering leases on the 2010 yukon denali xl? looking for residual and money factor for a 36 month- 12k yr mileage- quotes msrp of 61,000 and cap cost at 56,775 black on black. looking to put nothing down. i live in pa with a 9% lease tax. thanks for running the numbers if you can. Noah.

    Thanks,

    Noah AskNoah@icloud.com

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello nring. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 GMC Yukon Denali AWD with 12,000 miles per year are 0.4% and 42%, respectively.

    As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

    $900 over dealer invoice is a reasonable selling price for this truck. Just make sure that is what you're really paying by looking up the exact model that you want over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Noah. GMAC's lease rate is exactly the same on the 2010 Yukon XL Denali, but its residual value for an otherwise identical lease is 39%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man:

    Any update on GMAC/Ally smart lease rates? I was looking for a low mile option (10k) but it seems that the aren't offering that any more. What do you currently sees for residuals for 36 and 39 month leases and corresponding money factors?

    Thanks
  • Hi searayboater1. General Motors is not providing lease support on 2010 models any longer. You can, however, lease a 2011 GMC Yukon Denali through Ally right now.

    Ally's current base lease rate and residual value for a 36 month lease of a 2011 Yukon Denali 4WD with 12,000 miles per year are 3.5% and 49%, respectively.

    The numbers for an otherwise identical 39 month lease are 3.5% and 47%.

    Car_man
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  • web2323web2323 Posts: 17
    Hello all, been working on this deal for about 2 weeks. Here is where I stand.

    2011 GMC Yukon Denali AWD
    MSRP - $60,220
    Cap Cost - ??? (I'm afraid to ask at this point!)
    Residual - 49%
    MF - ???
    39 month
    12k miles/year

    $4,600 ($2,500 trade + $2,100 cash) down

    I am at $627/month which includes 6.25% sales tax. :surprise:

    I believe something happened today with GMC's lease rates because we got calls from the 3 dealers in our area where we've been looking. Hadn't heard anything in a week and then wham 3 calls between 9am - noon today. Not sure if I could do better?

    A local dealer offered a 2011 Denali AWD, 39 month, 10k miles/year, $3,600 down for $599 + tax on a demo this weekend and that's what I've been using as ammo all day.

    Thanks for the input!
  • I think it sounds very good. i priced one of these a few weeks ago and for a similar truck was told 882/month but at 15k miles with 0 out of pocket. if u take ur 4600 div by 39 ur payment would be 745. i also priced a tahoe lt msrp around 53k and was 780 39/12 0 down (and these both incl 7% tax). so ur price sounds pretty good to me, without running specific numbers. good luck!
  • Hi - the $627/mo deal sounds amazing. Which state are you in? Any others like this avail.?
  • I'm in Ohio.

    I ended up leasing the 2011 Denali. With my trade (2008 Toyota Highlander Sport - which the lease was up and I was a few miles over on my lease plus I would've had to pay the disposition fee) and I went up to $3,000 down. So figure $3,800 in trade equity plus $3,000 down and I am at $607/mo and that includes tax!

    Good Luck!
  • jrothen4jrothen4 Posts: 6
    Car man.

    Do you have the lease rates for 12mo/36k on a 2011 GMC Yukon 4x2.

    Thanks
  • 4cajuns4cajuns Posts: 1
    Car Man,

    I am looking at leasing a 2011 2WD SLT. MSRP is 51k and we are at $43,500 right now. Price looks good, but i am unaware of the current lease rate
    What do you currently see for residuals for 36 month lease and corresponding money factors? I am looking for the lowest possible miles (10K) if available.

    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings jrothen4. Ally's current base lease rate and residual value for a 36 month lease of a 2011 GMC Yukon SLE 2WD with 12,000 miles per year are 0.15% and 46%, respectively.

    When negotiating your lease on this truck, make sure to take advantage of the $1,400 cash incentive that is currently available on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 4cajuns. Ally's current base lease rate and residual value for a 36 month lease of a 2011 GMC Yukon SLT 2WD with 10,000 miles per year are 0.15% and 45%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • xfire22xfire22 Posts: 1
    Hello,

    I've been quoted on the following vehicle:
    MANUFACTURER'S SUGGESTED RETAIL PRICE $58,818.00
    STANDARD VEHICLE PRICE $56,235.00
    Options installed by Manufacturer
    POWER SLIDING SUNROOF
    $ 995.00
    FLOOR MATS - ALL WEATHER
    (DEALER INSTALLED)
    $ 138.00
    SIDE BLIND ZONE ALERT
    $ 500.00
    3.42 REAR AXLE RATIO
    NO CHARGE
    7,300 LBS GVWR
    NO CHARGE
    TOTAL OPTIONS $1,633.00
    TOTAL VEHICLE & OPTIONS $57,868.00
    DESTINATION CHARGE $950.00
    TOTAL VEHICLE PRICE*** $58,818.00

    Here is what they offered:
    Cost: $55818 + $1400 CCR, 39 months 15k miles $624.34 + $43.70 tax = $668.04 with $4000 down payment. How does this look I'm relatively new to the science here? Would we be better off waiting for the '12 models?

    Thanks!
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