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2013 and earlier GMC Acadia Lease Questions

kyfdxkyfdx Posts: 29,794
edited February 2 in GMC
Ask your Acadia lease questions here.

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Prices Paid, Lease Questions, SUVs

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Comments

  • How much should I be paying for an Acadia SLT-1 with the enhanced convience package on a 36 or 39 month lease, nothing down.
  • kegelskegels Posts: 20
    I got the following lease quote for an Acadia SLT w/ Nav, DVD Pkg, 19" wheel, HUD and trailer pkg;

    Term: 36 months, 15K mi/yr
    Price: $40,844($500 over invoice)
    Residual: $23,201
    GMAC Rate: 8.05%
    Drive-off Due: $1,454
    Monthly Lease Payment: 785(including insurance)

    Is this a good deal? Pls advise. Thank You
  • No that's a rip off. Not sure what your insurance payment is but I cant imagine its $300 a month... Go to the Acura MDX forum. They are going for 449 a month with 1900 out of pocket....
  • Where did you find it for 449 a month?
  • I found this on the MDX thread.....

    I am looking at an 07 MDX (Base Model) on a 42 month lease w 12k miles per year and $1995 CapCostReduction. The price is $449/month. Security payment, destination fee, tax all due at signing.

    Is this a good deal?

    What could I expect to get off on this deal?"

    anything I should know about extra fees?

    Thx, Dave
  • I heard from a dealer that they just raised the residuals on the Acadias. Does anyone know what the new residual is for the SLT-1 FWD
  • What did that Dealer say the residual was raised too?
  • galvanggalvang Posts: 156
    I don't know how the GMC folks compete. The above lease with Arcadia is a joke. Whats shameful that there's people who will actually pay for that. The residuals should about 56-57% for three years and interest rate/monefactor 4-5 % range. If you can't that, then you being duped.

    The MDX sounds like good deal and a lot more of a quality vehicle.
  • vinnynyvinnyny Posts: 772
    "The MDX sounds like good deal and a lot more of a quality vehicle"

    On what basis are you making such a statement? The MSRP on an MDX is roughly $7k higher (including rebates) and actual transaction costs probably widen that margin. I've seen posts here claiming Acadia purchases at $300 over invoice--find me an Acura dealer who will match that price on an MDX ANYWHERE IN THE US and I'll buy it today.

    As to "quality", again you're assuming facts not in evidence. Both vehicles are new models. As such, they have no history of quality. Although they may share some parts with old models and their respective manufacturers have differing quality history, that doesn't necessarily translate to the durability of either of these new vehicles. You probably know that the old Acura MDX's recall history isn't spotless--bad transmissions plagued several model years.

    I happen to be a big fan of the MDX and most recenlty owned a 2005 model. But that doesn't mean I'll blindly assume that the new MDX is of higher quality than the new Acadia--especially relative to purchase price.

    That said: the lease deal quoted is insane. One could easily buy the car for less than that.
  • galvanggalvang Posts: 156
    History suggests otherwise. Acura is a much higher end brand name than GMC. Acura is either # 2 or 3 in the world for quality. My evidence is based on history and resudual values of the MDX. I also owned a MDX and right now own a Honda and the quality of vehicles are impecable. Those were 1st year vehicles!!In reality you can't really compare MDX and Acadia as they are both in a different class. I complement GMC for a nice vehicle, though. My beef is with the lease!!

    Honda Finance offers some lease rates that are probably one of the best in the industry. Good residual values, extremely low money factors which means excellent lease rates. Paying the rates offered above is like having the dealer telling the costumer "This is a stick up".
  • vinnynyvinnyny Posts: 772
    I'm with you on that lease deal. GM really doesn't do much to encourage leasing and the dealers certainly don't help. Part of the problem is that GMC is not used to having a "hot" vehicle and I guess they don't know how to act. That said, I visited my local Acura dealer to look at the MDX for my wife. You would have thought they were selling Play Station 3's the week before Christmas. They actually had "market adjustments", window etchings, pin stripes, and paint protection" on the tag. I laughed and told him to call me when reality sets in around Easter. It was the same way with the last MDX and Honda Odyssey.
  • galvanggalvang Posts: 156
    Agreed, Leases are not good for GMC for the reason that their values do not hold up well. They are getting better though. Part of what you pay for the lease is the depreciation and GMC is just not there yet. 100K warranty helps, though.

    Some dealers are just down right scoundrels. Pick and choose a good reputable dealer. The ones that charges for ridiculous extras I avoid.
  • Car_Man,
    Can you tell me what the current money factor and residual % is on a 36 month lease at 12,000 mi/yr for an Acadia? I was quoted a lease and I want to see if the numbers are correct. Here is what I got:

    MSRP: $34,449.00
    GM Employee Price: $31,361.33
    Money at Signing: $753.41
    Payment According to Dealer: $502.26/mo

    Does that sound about right?
  • Does anyone know the current lease deals on the Acadia and outlook? Last time I went to the dealers they had some crazy numbers :mad: .
  • I believe their is $500 support on an Acadia lease.

    According to my GMC dealer here their numbers on the Acadia are:
    57% residual on a 36 month lease at 12,000 miles per year.
    The interest percent is 8.05% (Money Factor~.00335).

    The Outlook may be different as Saturn's lease offer this month for a 36 month lease on a FWD Outlook XR states "MSRP of $30,290.00, a capitalized cost of $29,307.00 and a residual value of $18,477.00".

    $18,447/$30,290 ~ %60.9 which they will say is 61%.
    I don't know the lease rate/money factor on the Outlook.
  • on the acadia,36 month on 12k miles is 61% AND mf OF 7.2

    Your deale ris about 1 month behind.
  • galvanggalvang Posts: 156
    There you go, if these are real now they are getting better. Residual 61% after 3years & 12k/yr is good. The MF is little high. However, the total lease deal is what counts. ;)
  • I guess my dealer was wrong here in Tampa. The Acadia lease actually has a promotional residual of 63% for 3 years and 36,000 mi lease. He adjusted the quote on the Acadia to be $455.35 with $1203.21 due at signing.

    Still not where I would like to see it as the MF could be better.
  • Just leased GMC Acadia SLT-2 w/ Navigation (Michigan)

    SmartLease Agreement
    36 Month Lease (12,000 mile)
    Capitalized Cost 39,206.86 (MSRP 42,500)
    Adjusted Cap. - lease loyalty/Pres. Day $ = 37,206.86
    Residual Value 26,992.35
    Rent Charge 7288.70

    Monthly Payment 515.37 (including tax)

    GMS Pricing (President Day cash)

    Is this OK, did I get screwed?
  • How much did you put down? If you put nothing down it seems like a great deal.
  • Hi garyss1. This truck's lease payment will vary depending upon what the MSRP and selling price of the exact model that you want are. I would be happy to use General Motors' current lease program for the Acadia to estimate what the monthly payment would be on the truck that you are interested in if you provide me with these numbers.

    Car_man
    Host
    Prices Paid Forum
  • Hello kegels. Why is insurance includes in your truck's lease payment? You aren't getting insurance through the dealer that you are working with are you? You should arrange that on your own. $500 over invoice is a pretty good price for this truck, assuming that you are not the current owner of a non-GM product. General Motors is currently providing $1,000 "conquest" cash on the 2007 GMC Acadia. That means that anyone who is currently leasing or owns a non-GM vehicle gets an additional $1,000 incentive. There is $500 bonus cash on this truck right now as well. Furthermore, GMAC's current base lease rate for a 36 month lease of this truck is only 7.2%. The rate that you were quoted is higher than this. The bottom line is that $785 per month is a little too much for this truck for my taste. there are a lot of amazing vehicles out there that one can get for $800 per month.

    Car_man
    Host
    Prices Paid Forum
  • Hi garyss1. General Motors did indeed raise GMAC's residual values for the Acadia. This truck's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a GMC Acadia with 15,000 miles per year are 7.2% and 60%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Hi wristshot19. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 GMC Acadia with 12,000 miles per year are 7.2% and 62%, 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. So a lease rate of 7.2% would be equivalent to a money factor of around .00300. The fact that you are able to get GM's Employee Price on this truck ensures that your lease is based upon an attractive selling price.

    Car_man
    Host
    Prices Paid Forum
  • You're right, fulano82. General Motors' lease program for the Acadia and the Outlook are not very attractive right now. At least GM raised their residual values a little from the level that they were originally at. I would be happy to give you an idea of what these truck's lease programs are like, but in order for me to do so I need you to tell me how long you want to lease them for and what mileage allowance you need. I also can work up some sample lease payments for you if you provide me with the full MSRPs and approximate selling prices of the exact trucks that you are interested in.

    Car_man
    Host
    Prices Paid Forum
  • Hello hollywood3. This looks like a very good deal to me. Congratulations on your new truck. Enjoy!

    Car_man
    Host
    Prices Paid Forum
  • Hey Car_man, i'm looking to lease the SLT-1 with no options for 36 months at 12,000 miles per year. I have not decided yet on wether to get the FWD or AWD. I also qualify for the conquest rebate because I own a none GM vehicle. Is that still available? I'm also looking to put down $3000. I reside in NYC and all the acadias that are coming in all have extra options that i don't really need. I would appreciate all your help. Thanks again.
  • Been lurking (and learning) on the board for a few weeks and thought i would share quotes that i've been getting from dealers:

    In Central/Northern NJ dealers are quoting the following:

    Rates
    -36 month, 15k miles/yr....60% residual and 7.2% rate
    -48 month, 15k miles/yr....52% residual and 7.2% rate

    Fees:
    -Bank Acquisition: $695
    -Tags and Title: $400
    -Documentation: $299
    -Tire (NJ specific): 1.50 /tire X 5 tires = $7.50
    -Gap Insurance: assuming is tucked away in one of the fees above, since wasn't quoted directly...will need to confirm

    Taxes:

    -7%: NJ charges as percent of all monthly pymnts upfront at closing

    Would be interesting to know what others have been quoted or have paid....
  • zero down on that 515. a month lease (just 1st mo. pymt/transfer fee plate)
  • NJ Dealer has included a $550 refundable in my lease.....when questioned he said the following:

    -is required per GMAC
    -no interest is paid on balance...represents $183 of lost interest income at 7.2% over 48 month lease
    -can get rid of it in one of two ways:

    1. increase base lease rate by 0.5% (7.7% instead of 7.2%) or
    2. buy lease insurance from them (covers $1,500 of stuff like excessive wear and tear when returned)

    Anyone else have similar experience?
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