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Chevrolet Silverado Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tms9. This is actually the Silverado lease discussion, not the Suburban discussion. I will answer your question here, but please post any additional questions about leasing a Suburban there. Thanks.

    Ally's April base lease rate and residual value for a 36-month lease of a 2012 Chevrolet Suburban LTZ 4WD with 15,000 miles per year are 1.1% and 40%.

    GM is currently providing a $4,250 cash incentive on 36-month leases of this truck through Ally.

    Car_man
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  • I have never leased a vehicle, always bought our vehicles outright. And we keep our vehicles for a long time (typically more than 8 years).

    But its almost time to replace my truck. I see that there is a large $5100 incentive to lease a Silverado through Ally (in other postings here.) Maybe Car Man can chime in here also to verify current money factor, and incentives and residual - Silverado Ext. Cab, 4x4 LT1.

    I have a couple questions.

    First is, can I negotiate the price on the truck before this $5100 lease incentive? Seems like I can get more off the price doing it this way, since I can get the lease incentive plus a discount on the price.

    What kind of price can I expect a dealer to agree to when I am leasing the truck, like so much above invoice? I do qualifiy for the GM supplier pricing, does that help me, any other incentives in addition to the lease incentive, like rebates?

    Can anyone give me their personal experience in doing this, leasing initially with the intention of buying at lease end. Or is it cheaper to buy outright and negotiate the price with the dealer up front?
  • jrock817jrock817 Posts: 3
    edited May 2012
    Car_Man- I stopped into a dealer on 4/28 for some quotes on leases while i try and sell my truck now. They told me to come back after may 1st since new pricing / deals were coming out. Do you have what they are currently offering? The chevy.com site has nothing listed for leases.

    Looking to get into a 2012 1500 LT Ex cab reg box or same in an LTZ 4x4

    Depew, NY 14043

    Once my Silvy SS sells..
  • I saw an ad on tv last night for what looks like a $4000 rebate on the 2012 Silverados this month.

    Have to take our Impala SS tomorrow to the dealership. Going to Chevrolet dealership in Cheektowaga, saw your in Depew.

    My brother-in law works there, I can ask him about the current deals while I am there.

    You have a Silverado SS to sell?
  • jrock817jrock817 Posts: 3
    Yea I seen that too. Until July I think?

    Yes, 2003 Silverado SS. 72,3xx miles

    Here is a link to my craigslist ad:

    http://buffalo.craigslist.org/cto/2980024010.html

    It definitely turns heads.. not too many around our area.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jrock817. Ally's current base lease rate on a 36-month lease of a 2012 Chevrolet Silverado 1500 is 1.0%. There is a $4,900 cash incentive on leases of this truck through Ally as well.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • steine13steine13 Posts: 2,411
    I think it's worth mentioning that for 24-month leases, the cash incentive is $5,950. For a regular cab W/T, that makes the monthly payment actually go down on the shorter lease.

    I was told at the dealer that the rate was 1% (check) and the residual on 24 months a paltry but realistic 41%.

    It might be worth doing the short lease, then buying it out, given the incentives.

    Cheers,
    -Mathias
  • jrock817jrock817 Posts: 3
    Thanks Car_man :)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome jrock817.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • suicidysuicidy Posts: 7
    Car Man, what is the money factor and residual on a 36 month lease for August on a Silverado 1500 Crewcab SLT 4x4 5.3L a10k and 12k?
  • Car Man, what is the money factor and residual on a 36 month lease for September on a Silverado 1500 Crewcab SLT 4x4 5.3L a10k and 12k? Also, are the numbers on the Extendd Cab different?

    Thanks
  • buster6buster6 Posts: 104
    Hi Car Man,

    Could you please post the Feburary rate and residual for an LT extended cab? And lease cash on the truck?

    Thank you!!
  • Sure buster6. Didn't you just post a question about the Malibu? there's quite a difference between that and a Silverado ;).

    Ally's February base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Silverado 1500 Extended Cab LT 4WD with 15,000 miles per year are 1.05% and 52%.

    When negotiating your deal on this truck, make sure to take advantage of the $3,000 cash incentive that is currently available on 36-month leases of it through Ally.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mixenmixen Posts: 11
    Hey Car Man:

    I am interested to know the residuals and money factor (for April) for a 36 or 39 month lease of a 2013 Silverado 1500 4X4 Crew Cab LT, and or your opinion on the proposed lease below.

    I visited a local dealer in late March, and between the $3000 rebate, the $2000 lease conquest and $2000 GM Card points, he quoted me $300 per month for 39 months with $1500 out-of-pocket. (Bank fees, taxes, DMV fees, delivery, etc. are all included in the above.) He claims that he is pricing the truck at about $100 below invoice. The Silverado comes with the All-Star package (which has been reduced by another $1500 off that package price) as well as a dealer-installed bedliner. According to Edmunds, the Invoice price for such a vehicle (with those options) would be $37,642 and the MSRP would be $40,490, including delivery and after factoring in the $1,500 package discount.

    Sounds like a pretty good deal. What am I missing?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mixen. General Motors' captive finance companies publish 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.

    Ally's April base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Silverado 1500 Crew Cab LT 4WD with 15,000 miles per year are 1.05% and 52%.

    The numbers for an otherwise identical 39-month lease of this truck are 1.05% and 50%.

    The payment that you were quoted certainly looks attractive. $100 under invoice minus incentives is a very good selling price. Of course, you should verify that this is indeed what they are selling you the truck for by looking up its invoice price here at Edmunds.com and comparing it to the price that they are using.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Kirstie_HKirstie_H Posts: 10,896

    Please continue in our 2014 Chevrolet Siverado Lease Questions discussion.

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