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2014 and Earlier Chevrolet Traverse Lease Questions
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Comments
Also the same for a 2013?
thanks. I was able to get a great 2013 optima ex lease thanks to you.
What are the incentives on the truck? Are they still $3,225? Plus another $1,000K in conquest cash? (I currently lease a Honda and VW).
Can you please provide me with Chevrolet's December base lease rate and residual value for a 36-month lease of a 2012 and 2013 Chevrolet Traverse LS FWD with 15k miles a year?
Are there currently any incentives on either years model?
Thank you!
Tim
Ally's December base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Traverse 2LT AWD with 15,000 miles per year are 1.85% and 56%.
There is a $1,500 cash incentive on 36-month leases of the 2013 model through Ally.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 36-month lease are 1.85% and 60%.
This month there is a $1,620 cash incentive on 24-month and $1,500 on 36-month leases of this truck through Ally. There's an additional $500 bonus cash on top of that. the conquest cash is $2,000.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
There is a $1,500 cash incentive on 36-month leases of this truck plus $500 bonus cash.
GM isn't leasing the 2012 model any longer, but you can finance one at 0% for up to 6 years.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just saw your reply to my original request and was wondering if these incentives are the same (or better) for January 2013.
Again, looking for incentives, MF and residual on 2013 Base LS AWD for 24 & 36 month leases with 12K miles. Im in the New York region.
Could you please help me with numbers on a 13 Traverse LTZ and LT. Looking at 24 months with any info on conquest / bonus/ CCR $$ appriciated.
The numbers for an otherwise identical 36-month lease are 1.85% and 60%.
General Motors is currently providing a $1,620 cash incentive on 2-year and $1,500 on 3-year leases of this truck.
Car_man
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As far as cash incentives go, General Motors is currently providing a $1,620 cash incentive on 2-year leases of this truck. In addition to that there is another $2,000 if you are currently leasing a non-General Motors vehicle.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2LT
Black Granite Metallic
Hit The Road Package
Leather Surfaced Seating
MSRP: 43,210
I had a lot of incentives to apply totaling $7,671.83 broken down below:
GM credit card earnings were topped off to $3,000 from mailer GM sent out
Additional $1,000 promotion with the GM Card on the same mailer
Additional $51.83 (dealer found this on the GM Card, don't know what it's from)
CCR $1,620
Conquest $2,000
I have a lease on a 2010 Nissan Maxima w/ 6 payments @ $420/mo left (hence the conquest cash). My original plan was to just bite the bullet and pay the 6 months on the Maxima along with the new Traverse payment. I was shooting for $325/mo. for 2yrs, on the Traverse w/ no money out of pocket, just using the incentives. The Dealer went down to $350 but wouldn't go lower, so I decided to sleep on it.
The Maxima needed tires and there was a disposition fee of $350 or $450 (can't remember exactly) that would be due in August along with these 6 payment's of $420/mo. So I returned to the dealer to see if we could do their number of $350/mo. for the 2yr lease, but I would give them $750 in cash if they could get me out of the Maxima. I had no math to come up with this number I just picked it. They worked on it for a while but simply said it can't be done for that amount because the buyout was too high on the Maxima at $20,500. I asked them what they could do if I gave them $1,000 and they take the Maxima. Final handshake number was my $1,000 out of pocket and a payment of $395-$400/mo. The finance guy wasn't there, so they couldn't give me the actual number until I signed, but assured me it would not go over $400.
I got to pickup the Traverse today and the final number was $383/mo. Obviously, I was expecting $399.99, needless to say I was pleasantly surprised.
So it cost me $1,000 out of pocket for the Traverse @ $383/mo. w/ the MSRP of $42,310 and I got out of the last 6 payments @ $420/month of a 2010 Maxima that had a buyout of $20,500, needed about $600 in tires and a disposition fee of around $400. I was satisfied with the deal considering I also live in PA where it's 9% tax when you lease a car.
I'd be willing to drive to get a great deal from NYC
I'm shopping for a 2013 base LS AWD and
A few dealers are giving me the runaround. I too am coming
Off a lease. I only have 1 payment on my 2010 VW CC which
Is in immaculate condition. CCR is $1620 and conquest is $2000.
I don't have a GM card so don't qualify for that.
Did the dealer confirm the money factor and residual with you?
The money factor and residual that car_man listed for January on the LT is still valid at 1% and 64% respectively. I would guess the January values car_man listed for the LS in replying to your previous post should be too, but I'm just guessing.
I am local to the dealership and they were very interested in where I lived for repeat business. That might give me a little advantage vs. what they'll do on out of state deals. I also made it known to them that I have another lease w/ Nissan that's up in 18mo.
I'm not sure what the rules are on this forum, but I entered "car lease calculator xls" in google and used a spreadsheet that came up with the first hit to get an approximation on what the payment should be.
2013 LS AWD
Sticker : $33,370
27 month lease with 10K miles per year (22,500 miles total)
Total due out of pocket : $639.05, which includes 1st month payment of $289.05, plus $350 which covers NY Plates/DMV and their "doc" fee.
26 payments of $289.05. No disposition fee as the lease is thru Ally Bank.
Residual was 69% and MF was 1% (thanks car man)
This is the cheapest deal I could find. Im pretty happy with the payment, especially that im at $289 a month on a close to $34K truck with nothing out of pocket really.
I did not end up trading in my VW, so I have another month that it will overlap with my new truck.
The Honda Pilot, Highlander and CX-9 were leasing nowhere near this truck.
Dealer quoted me 39,300 selling price, not sure if that was from any incentives or not. I believe there is 1000.00 + 500.00. with 0 down and I was rolling in the taxes , plates and other fees. 12k miles per year
The dealer quoted me payments of 479.00 x 39 months with a 56% residual value (23,108)but wouldn't at that time go over the money factor. (I think they were trying to see what price per month I was thinking) but I said thanks and left.
Based on what I am reading in these posted I believe I could get a much better deal than that.
Wondering what your thoughts were?
Please let me know what you think would be greatly appericated
Specifically, right now GM is providing a $2,500 cash incentive on 36-month leases of this truck plus another $500 on top of that in certain areas. As you can see, this isn't a good deal if the dealer isn't subtracting this cash from the selling price that you mentioned.
Ally's current base lease rate for a 39-month lease of this vehicle is 1.5%. Make sure that they use it to calculate your payment.
Car_man
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So options power sunroof, heated leather.
Comes out to MSRP of 42555.00. Selling price down to 40200.00
I am rolling everything into the lease total price is 41292.00
They are giving me 5000.00 total rebates (2k in conquest lease, 1500 in cash, 500 in IVC coupons and another 500 if I buy before the 3/14, 500.00 in holdback split)
Net cap cost: 37916.90
Ally finance at 1.5 money factor with 56% residual)(23830.80) 12k mileage
also paying first month so I would owe 38 months
400.31 per month for 38 months. (they quoted me at 399.99 a month though)
***they quoted me 439.00 on a LTZ same deal MSRP at 46105.00(selling price at 43407.21)***
Let me know what everyone thinks. I think based on my homework both are a good deal. I think I will go 2LT in case I buy at the end of lease, not looking forward to buying 20" tires)
Since you are coming out of a Toyota lease, yes you should be eligible for the $2,000 cash incentive for conquest customers that you've seen mentioned.
Car_man
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Is this a good monthly price or should I look for lower?
Thank you in advance.
39000 sale price
2743 tax
- 4500 rebate
54% residual
39 months
Ally apr 2.5
Payment is 459 x39 months
Thoughts?
Hoping you can help me with the April residual and money factor for a 24 and 36 month lease on this vehicle? Also, what incentives GM is currently offering.
Thanks in advance!
The numbers for an otherwise identical 36-month lease are 1.5% and 56%.
General Motors is currently providing a $1,500 cash incentive on 2-year and $2,000 on 3-year leases of this car through Ally.
Car_man
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General Motors is providing a $2,000 cash incentive on 36-month leases of this truck.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks
General Motors is providing a $2,000 cash incentive on 36-month leases of this truck this month.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP $35,965
Sales Price $34,400
39 month Lease 1.5% Lease Rate, residual 54%. 15,000 miles/year
Trade in $15,000, payoff amount $14,623.53, net trade allowance $876.47.
Breakdown from Ally.
Itemization of Gross Cap Cost
Agreed upon Value of the Vehicle $34,400.00
Ally Admin Fee $595.00
License/registration/title fees $103.45
Sales Tax $1,007.40
Cap Reduction Tax $278.44
Document Fee $250.00
Total Gross Cap Cost $36,634.29
Itemized Cap Cost Reduction
Trade in Allowance $876.47
Lease Cash $2,000 .00
GM Card $1,500.00
First Month Payment -$398.73
Total Cap Cost Reduction $3,977.74
Adjusted Cap Cost $32,656.55
Residual Value $19,421.10
Depreciation Amount $13,235.45
Rent Charge $2,315.02
Total of Base Scheduled Payments $15,550.47
# of Payments 39
Total Scheduled Payment $398.73
Purchase Option at End of Lease Term $19,421.10
In the end $398.73 for 39 months, 15,000 miles/year.
I'd be happy with a payment under 395, based on some of the posts on this forum. During my first day of negotiations, 8 dealers told me I was being unreasonable to expect this vehicle for under 400 dollars.
Should I expect dealers to reconsider over the next few days, or am I really miscalculating here?
Should I take car to different dealerships to see who will give me the best appraisal price.
I want of course the most equity I can from the car.
Even if you somehow did, I don't think they have to give
You anything. It's even in the contract. Unless
You plan on buying/leasing a new chevy, they'll somehow
Consider but highly doubtful.
Throw the keys at them and walk away. It's their problem.
That's why you leased in the first place.
Edmunds itself states customers could have equity in their lease cars.
The 8,300 seems like a large down-payment on a lease. Can someone help me out? Is this a good deal.
I would like to lease another 2014 Chevy LTZ Traverse before fall.
The current incentives end 09/03/13 and I don't know what the new incentives will be.
Would it be wise to do this now or should I wait and see what the new incentives will be first?
Since this was a 2014 there is really no Chevy incentives except the $500 cash back!
I am not a sucker and I stood my ground and told all 12 dealerships this is the only deal I would make.
Anyway here is my deal!
I got OVER 5 thousand off sticker. My lease paperwork shows I bought this car for $44,000. I leased it and with 15k miles per year and a residual value of 58% and $3000 total cash out of pocket that was applied to my NJ taxes, first month payment and all dealer fees, license plates etc.
The GM even bought my family dinner and told me to only give him $2,830 and to keep the other $170 for a steak dinner on him!
WOW!!!! All other dealerships the other 11 were just greedy and stupid and would rather make nothing then move a car!!
Veh MSRP $49,540 (fully loaded)
36 MONTH lease
$2830 total cash out of pocket
15K MILES per year
$459 month payment
Financing through ALLY (800 credit score)
Deal was done on July 23, 2013
No back door fees and a deal that 11 other greedy dealerships could not touch!!!
All reading don't be a sucker and stand your ground and tell
the dealerships where to go if they don't like your numbers and what you want to pay!!!
Dealer ships always make money and don't believe the stupid invoice prices and dealer incentives are just extra money dealerships pocket!
Invoice prices are no where near what a dealer pays for that car!!
I read some of you got suckered into 39 months or putting more then $5000 cash down these are signs of you being taken from Behind!!
You should always stick to a 10% off MSRP price to negotiate your deal. $50,000 car $5000 off sticker, $30,000 car $3000
Off sticker!!
I have been leasing cars for 15 years and this has always worked for me!!!
I need your expertise fast
Thanks
Out of the 12 dealerships, only one other came close to this deal. That dealership offered me a similar deal but at $479 on a 2014 TRAVERSE LTZ with a MSRP of $48,700. It did not have the hit to road package and all weather resistant mats..
They would not budge on the $479 and they had 10 2014 Traverse LTZ in stock!!
That is the funny thing!!! 10 of these in stock and another dealership with only one in stock with a higher MSRP BEAT their deal !!
Also the other dealership wanted to use US bank which I heard has back door fees and microscopes the car when you return it!!
Monthly lease price?
Money Down?
10% off MSRP?
or all 3?
You are right about them pushing the 2013 but I really want the 2014!
My only options were the Navigation system and sunroof.
Not too many dealers here in Pittsburgh have any 2014 in stock
This deal that I got will be super easy to get at the end of November!!! Reason being the greedy dealerships will have plenty of rebates to still line their pockets with!!!
But if you need this car now, try to wait for Sept. 4 when a new program will be out with some extra dealer cash and plenty of these Ltz will be available!!
I loved sticking it in their rear after they cried the deal I was asking for was impossible!!!