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Chevrolet Tahoe Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi thechairman1. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Tahoe with 12,000 miles per year are 7.2% and 63%, 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.

    What you were told about the $2,000 cash incentive on leases disappearing is correct. I do not believe that General Motors is currently providing any cash incentives on leases of this truck.

    Car_man
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  • biscuitsbiscuits Posts: 2
    Hi, could someone please post the pros and cons of leasing.

    thanks alot
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,862
    Try this discussion: Leasing vs. Purchasing

    Or... these articles on Edmunds: Leasing Tips



    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • When you say base lease rate of 7.2% how does that apply to the monthly payment.
    Example: if a price is $48,000 and the base lease rate is 7.2% what is the monthly payment??? Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi harper68. One can convert lease rates into approximate money factor equivalents by dividing them by 2400. So, for example, a lease rate of 7.2% would be equivalent to a money factor of around .00300.

    You can take this converted money factor and plug it, along with this truck's MSRP, selling price, and residual value, into the formula that is outlined in the following article to calculate an approximate monthly payment: Calculate Your Own Lease Payment.

    Car_man
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  • Car_man,

    Can you post the lease rates for 2009&2010 4WD LT2 lease rates for a 36 month with 15000 miles per year lease. Are there any incentives available on the lease? I'm in ny.

    Thank you
  • Hi dolphin5. While General Motors has begun leasing a number of models again, unfortunately the Chevrolet Tahoe is not one of them. It does not make sense to lease one right now.

    Car_man
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  • lkallkal Posts: 1
    Why does it Not make sense to lease right now?
  • Because General Motors is not providing any lease support on it. If you were to lease one through GMAC right now, you would have to pay a really high interest rate. You might be able to find an independent bank that will step up to the plate with a decent lease program, but I doubt it.

    Car_man
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  • Im looking at a 2010 Tahoe LT its msrp with all the options is $50,000 and the dealership says they will let it go for $43,000 im wondering what my lease options would be. I would do anything between 36-60 months with 12,000 miles a year. just wondering about what my monthly payments should be . thanks
  • Hi Gen X. Unfortunately, General Motors is not currently providing lease support on the Tahoe right now. You might be able to lease one through an independent bank, but you probably would just be better off financing it through GMAC at 2.9% for 5 years, financing it through an independent bank and taking advantage of the cash incentives, or leasing a different truck right now.

    Car_man
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  • I am very confused and need some help. I would like to lease a 2010 tahoe or 2010 Nissan Armada. I am trying to prepare myself before going into the dealer but have know idea what a good money factor or residue value would be on these 2 SUVs. I would like to lease for 36-48 and 12000 miles. Just trying to keep my payments as low as I can. Any help would be great !!
  • gmcustsvcgmcustsvc Posts: 4,001
    Hello,
    I am from GM Customer Service. If you give me your zip code I can look up incentives for you. I can see if there are any leasing deals available. Thank you,
    Mariah GM Customer Service
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi confused321. General Motors is not currently providing any lease support on the Chevy Tahoe. That means that you definitely do not want to lease one. If you really want a Tahoe, you will have to finance it through GMAC at 2.9% for 60 months or 4.9% for 72 months.

    If you want to lease a large SUV, the Armada is definitely a better bet than the Tahoe. Nissan Motor Acceptance Corp.'s current buy rate lease money factor and residual value for a 36 month lease of a 2010 Armada SE 4WD with 12,000 miles per year are .00060 and 48%, respectively.

    The numbers for an otherwise identical 39 month lease are .00060 and 47%.

    You definitely do not want to lease this truck for any longer than 39 months. Its money factors skyrocket for longer terms.

    In certain parts of the country, Nissan is providing a $1,000 cash incentive on leases of the '10 Armada through NMAC.

    Car_man
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  • What is the current lease rate for a 2011 Suburban, three years, 10, 12 and 15k miles? Thank you
  • gmcustsvcgmcustsvc Posts: 4,001
    Powdercoat,
    I would recommend visiting the brand web site and using the request a quote tool. This will assist you in getting an ideal of lease pricing from a dealer in your area. There is also a live web chat button if you have pre-purchase questions such as availibity of different features, differences in trim levels, as well as incentives; however, they don’t have specific pricing or payment information either. Web chat agents can also assist you in requesting a quote or locating a dealer, and using the different tools on the web site. If you have any questions please feel free to e-mail me.
    Christina
    GM Customer Service
  • delta737hdelta737h Posts: 603
    Christina,

    With all due respect, powdercoat was requesting lease rate information (i.e., interest rate) not payment quotes as they mean absolutely nothing unless accompanied with the dealer's lease worksheet.

    John
  • Hi powdercoat. General Motors is scheduled to introduce its new November lease program some time later today. Please feel free to post a reminder in this discussion for me and I'll gladly fill you in on the details of the new program as soon as I have them.

    Car_man
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  • the last few months have been virtually impossible to lease a gm suv... is there any news on gm support for chevy tahoe leases?
    i am growing impatient, i need a real 3 row suv for the clan and gear... i am open to suggestions and looking for a fair deal...in my opinion gm has not been competitive.
    thanks!
  • You're in luck, falcon83. GM finally did introduce lease support on the Tahoe a month or two ago. Ally's current base lease rate and residual value for a 36 month lease of a 2011 Chevrolet Tahoe LS 4WD (this vehicle's resids vary by trim level) with 15,000 miles per year are 0.6% and 44%, respectively.

    On top of this very low lease rate, General Motors is providing a $1,100 cash incentive on leases of this truck right now.

    Car_man
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