2015 GMC Yukon Lease Questions

kyfdx

hmcinc13 said:

kyfdx said:

hmcinc13 said:

kyfdx said:

hmcinc13 said:

I'm looking to lease 15 Yukon slt awd 36/10k or 39/10k what is mf and residual? Any incentives?

2.45% APR and 63% residual w/3SA. 61% residual w/o 3SA. No lease cash.

Msrp 61620. Cap cost 56733 what should my lease be 36/10k New York 2000 out of pocket

With 63% residual, about $595/mo. + tax

What if I pay taxes up front ?

I didn't add taxes in..

mbguy25

Hello,

Any word on November rates from GMC? Looking for 36 (or 39 months which ever is favorable) SLT model with 15,000 miles per year. I just returned from the dealer today and was told that the current residual is 57% with a 3.5% APR... I find this hard to believe considering it was 60%/2.45% last month. Can we verify this?

Thanks!

kyfdx

mbguy25 said:

Hello,

Any word on November rates from GMC? Looking for 36 (or 39 months which ever is favorable) SLT model with 15,000 miles per year. I just returned from the dealer today and was told that the current residual is 57% with a 3.5% APR... I find this hard to believe considering it was 60%/2.45% last month. Can we verify this?

Thanks!

We show 2.50% APR and 60% or 58% depending on trim/packages.. for 36/15. Subtract 2% for 39 months.

mbguy25

kyfdx said:

Hello, Any word on November rates from GMC? Looking for 36 (or 39 months which ever is favorable) SLT model with 15,000 miles per year. I just returned from the dealer today and was told that the current residual is 57% with a 3.5% APR... I find this hard to believe considering it was 60%/2.45% last month. Can we verify this? Thanks!

We show 2.50% APR and 60% or 58% depending on trim/packages.. for 36/15. Subtract 2% for 39 months.

Thank you! Do you know which option packages qualify for the 60% residual?

kyfdx

mbguy25 said:

kyfdx said:

mbguy25 said:

Hello,

Any word on November rates from GMC? Looking for 36 (or 39 months which ever is favorable) SLT model with 15,000 miles per year. I just returned from the dealer today and was told that the current residual is 57% with a 3.5% APR... I find this hard to believe considering it was 60%/2.45% last month. Can we verify this?

Thanks!

We show 2.50% APR and 60% or 58% depending on trim/packages.. for 36/15. Subtract 2% for 39 months.

Thank you! Do you know which option packages qualify for the 60% residual?

3SA

mbguy25

The information you provided has been very helpful in my search. I'm not sure if this is the right forum discussion to post this question, but it is related to the lease. I located a yukon model that appears to be a demo/loaner vehicle, with a bit under 10,000 miles on it. New, the msrp is just over 65k, it is currently being offered at 7% off msrp... Discounts on non-demo cars have been in the 10-13% range with negotiations. What would be a good offer on this vehicle?

kyfdx

mbguy25 said:

The information you provided has been very helpful in my search. I'm not sure if this is the right forum discussion to post this question, but it is related to the lease. I located a yukon model that appears to be a demo/loaner vehicle, with a bit under 10,000 miles on it. New, the msrp is just over 65k, it is currently being offered at 7% off msrp... Discounts on non-demo cars have been in the 10-13% range with negotiations. What would be a good offer on this vehicle?

With 10K miles, it should be at least $2000 less than a comparable new unit.

That wouldn't be worth it to me, considering the cost is $60K.. I'd want at least $5K less, or I'd stick with new.

hhn930

This is my first time on this forum.

I am interested in leasing a 2015 Yukon XL SLT 2WD. MSRP $67,010, the selling price is $64,200. Dealer quoted $1000 down, 36mo lease @ $856 per month, 10K miles, 59% residual. Does this seem to high? I am in Florida.

Thanks, any guidance would be appreciated.

kyfdx

hhn930 said:

This is my first time on this forum.

I am interested in leasing a 2015 Yukon XL SLT 2WD. MSRP $67,010, the selling price is $64,200. Dealer quoted $1000 down, 36mo lease @ $856 per month, 10K miles, 59% residual. Does this seem to high? I am in Florida.

Thanks, any guidance would be appreciated.

We only have Ally Bank numbers.. I show 61% residual for 36mo, 10K/yr. and an APR of 2.50%.

But, using the 59% residual they quoted, I get around $790/mo. plus tax.. Considering acquistion fees, dealer fees, title/registration and tax, $856/mo. is probably pretty close.. 61% residual instead of 59% would lower the payment by about $25/mo.

mbguy25

It appears that a lot of people have been receiving different quotes on the residual value of the vehicles. Typically from what I notice here is that the money factor is usually padded for extra profit, but not so much the residuals. In the past your numbers are right on point, is this common practice among GM dealers to quote lower residuals to add extra profit. Is there any type of rules that forbid this practice?

kyfdx

mbguy25 said:

It appears that a lot of people have been receiving different quotes on the residual value of the vehicles. Typically from what I notice here is that the money factor is usually padded for extra profit, but not so much the residuals. In the past your numbers are right on point, is this common practice among GM dealers to quote lower residuals to add extra profit. Is there any type of rules that forbid this practice?

GM dealers can use three or four different banks. Different banks may have different residuals. We only have numbers from ALLY.

GM does vary their residuals by trim line, and the codes don't always match up with what is on the sticker (LT1, LTZ, etc.). A lot of the codes are order codes for packages. Sometimes there are variances that we don't know about.

Ask for numbers on a BMW and it's much simpler.

mbguy25

kyfdx said:

It appears that a lot of people have been receiving different quotes on the residual value of the vehicles. Typically from what I notice here is that the money factor is usually padded for extra profit, but not so much the residuals. In the past your numbers are right on point, is this common practice among GM dealers to quote lower residuals to add extra profit. Is there any type of rules that forbid this practice?

GM dealers can use three or four different banks. Different banks may have different residuals. We only have numbers from ALLY. GM does vary their residuals by trim line, and the codes don't always match up with what is on the sticker (LT1, LTZ, etc.). A lot of the codes are order codes for packages. Sometimes there are variances that we don't know about. Ask for numbers on a BMW and it's much simpler.

Haha well it appears that the codes are just complicated ways in stating SLT or SLE packages. 

And yes you're entirely correct, I got a killer deal on my 5 series at the end of December last year with the help of this forum and some hard bargaining. The GM lease process is a lot more complicated as you stated. 

jv66

Looking to lease a 2015 Yukon 4wd SLE and would appreciate the MF and residual for 36-month/15,000 mile lease & 24-month/15,000 mile lease. Thanks in advance!

Michaell

jv66 said:

Looking to lease a 2015 Yukon 4wd SLE and would appreciate the MF and residual for 36-month/15,000 mile lease & 24-month/15,000 mile lease. Thanks in advance!

24/15 - 1.78% MF and 64%/66% residual, depending on option group.

36/15 - 2.50% MF and 58%/60% residual.

No lease cash.

mbguy25

kyfdx said:

The information you provided has been very helpful in my search. I'm not sure if this is the right forum discussion to post this question, but it is related to the lease. I located a yukon model that appears to be a demo/loaner vehicle, with a bit under 10,000 miles on it. New, the msrp is just over 65k, it is currently being offered at 7% off msrp... Discounts on non-demo cars have been in the 10-13% range with negotiations. What would be a good offer on this vehicle?

With 10K miles, it should be at least $2000 less than a comparable new unit. That wouldn't be worth it to me, considering the cost is $60K.. I'd want at least $5K less, or I'd stick with new.

One more question about this "new" vehicle. The dealer said it will be registered as new and is being advertised as the same, does this mean it qualifies for the same APR and residuals that GM advertises for it's new vehicles?

kyfdx

mbguy25 said:

kyfdx said:

mbguy25 said:

The information you provided has been very helpful in my search. I'm not sure if this is the right forum discussion to post this question, but it is related to the lease. I located a yukon model that appears to be a demo/loaner vehicle, with a bit under 10,000 miles on it. New, the msrp is just over 65k, it is currently being offered at 7% off msrp... Discounts on non-demo cars have been in the 10-13% range with negotiations. What would be a good offer on this vehicle?

With 10K miles, it should be at least $2000 less than a comparable new unit.

That wouldn't be worth it to me, considering the cost is $60K.. I'd want at least $5K less, or I'd stick with new.

One more question about this "new" vehicle. The dealer said it will be registered as new and is being advertised as the same, does this mean it qualifies for the same APR and residuals that GM advertises for it's new vehicles?


It should.. Watch for the in-service date and warranty expiration. You might be giving up warranty time, as well as mileage.

jddssc121

DO you know what Ally's lease acquisition fee is?

Michaell

jddssc121 said:

DO you know what Ally's lease acquisition fee is?

It doesn't seem to be listed in the documents we have. Doesn't mean there isn't one, just means it's not documented.

mbguy25

jddssc121 said:

DO you know what Ally's lease acquisition fee is?

I think it's about $595 or $695 from what I've read 

dhop

We're looking to Lease a 2015 Yukon SLT,( $61,470 MSRP) 36mos/12 or 15miles. No $ down, just required drive off. Can you confirm with me the NOV. MF & Residual for the SLT (Open road pack/bucket seats) Live in Calif 92660. Is there really a better incentive to lease on Black Friday or end of the Month? We're trying to be around $699 a month. Is that realistic ? What is smart lease, $12 month & it gives you $4,500 towards overage on mileage, wear & tear at the end of lease, Worth it?

Michaell

dhop said:

We're looking to Lease a 2015 Yukon SLT,( $61,470 MSRP) 36mos/12 or 15miles. No $ down, just required drive off. Can you confirm with me the NOV. MF & Residual for the SLT (Open road pack/bucket seats) Live in Calif 92660. Is there really a better incentive to lease on Black Friday or end of the Month? We're trying to be around $699 a month. Is that realistic ? What is smart lease, $12 month & it gives you $4,500 towards overage on mileage, wear & tear at the end of lease, Worth it?

2.50% and either 58% (w/0 3SA option package) or 60% (w/ 3SA) for 36/15. Add 2% for 12K miles per year.

Dealers may be willing to make a better deal at the end of the month, but I'm not aware of any specific incentives available for Black Friday.

In order to model a payment, we would need to know the negotiated selling price and cap cost (with all fees rolled in).

No opinion on Smart Lease - I suppose it depends on how many miles you drive and how you care for your car.

dhop

Thank you, that's very helpful. I'm using the LeaseGuide.com Calculater to plug in my $ % #'s. Can you tell me what 3SA is again? I think it's a lease coding, not sure how to tell if my car has this ? Do these same #'s apply if I'm also looking to lease at a Chevy Tahoe LTZ ?

Michaell

dhop said:

Thank you, that's very helpful. I'm using the LeaseGuide.com Calculater to plug in my $ % #'s. Can you tell me what 3SA is again? I think it's a lease coding, not sure how to tell if my car has this ? Do these same #'s apply if I'm also looking to lease at a Chevy Tahoe LTZ ?

3SA is an option package - not sure how it translates to a trim level like LT or LTZ.

Numbers are the same for LTZ.

enriquemon02

Hope everyone is having a great holiday. I'm in the process of leasing a 2015 Yukon Denali with MSRP of $70,500 for a 39/10k. I called the dealer and they said the residual value is 59% and the MF is .0018. I find it hard to believe since I've been seeing on here higher residual value. I'm located in Chicago if that helps any. Thanks for the help in advance. 

Michaell

enriquemon02 said:

Hope everyone is having a great holiday. I'm in the process of leasing a 2015 Yukon Denali with MSRP of $70,500 for a 39/10k. I called the dealer and they said the residual value is 59% and the MF is .0018. I find it hard to believe since I've been seeing on here higher residual value. I'm located in Chicago if that helps any. Thanks for the help in advance. 

2.5% MF and 59% for 39/10.

slurpeesmith

I'm looking at a lease for a 2015 GMC Yukon Denali here in Dallas, Texas. MSRP = 72335, Negotiated Price = 67100, Trade In = 16000, 36 month. Probably 12k miles year.

What should I expect for the MF and Residual Value?

wjm75

Also looking at 2015 Denali. In Chicago. MSRP $77,065; Negotiated price (Costco) $71,500. I've been using Edmunds for years buying, but now looking at my first lease. Can you provide residual and rate info, as well as any 'gotchas' to look out for? Thanks!

kyfdx

slurpeesmith said:

I'm looking at a lease for a 2015 GMC Yukon Denali here in Dallas, Texas. MSRP = 72335, Negotiated Price = 67100, Trade In = 16000, 36 month. Probably 12k miles year.

What should I expect for the MF and Residual Value?

2.50% APR and 60% residual.

kyfdx

wjm75 said:

Also looking at 2015 Denali. In Chicago. MSRP $77,065; Negotiated price (Costco) $71,500. I've been using Edmunds for years buying, but now looking at my first lease. Can you provide residual and rate info, as well as any 'gotchas' to look out for? Thanks!

2.50% APR and 60% residual for 36mo, 12K/yr

wjm75

Thanks for the info. Any ideas on diff for 39 months?

wjm75

They're offering 3.15%
Residual 56%. 39 months. Sounds like a bad deal? Been using edmunds to buy for years, but new to leasing. Can I negotiate both? Credit is very strong.
Costco got the purchase price great, but looks like rate/residual way off

kyfdx

wjm75 said:

Thanks for the info. Any ideas on diff for 39 months?

Subtract 2% from residual for 39 months.

kyfdx

wjm75 said:

They're offering 3.15%
Residual 56%. 39 months. Sounds like a bad deal? Been using edmunds to buy for years, but new to leasing. Can I negotiate both? Credit is very strong.
Costco got the purchase price great, but looks like rate/residual way off

GM numbers are regional. It's possible that Illinois has some different rates.

Also, GM has different residuals by trim line... It looks to me like the Denali gets the higher residual (the one I quoted), but it's possible that it doesn't. Dealers can't really play with the residual.

The best way to check is to shop another dealer.

enriquemon02

Wjm75 how did you use Costco to negotiate price and what dealer in Chicago for you use?

enriquemon02

So my plans changed due to another dealer giving me tax credits and not charging me taxes. I'm going to be buying a 2015 Yukon Denali MSRP 76415 negotiated price is $71,000. What should I expect as far as MF and risidual value. Thanks again in advance 

kyfdx

enriquemon02 said:

So my plans changed due to another dealer giving me tax credits and not charging me taxes. I'm going to be buying a 2015 Yukon Denali MSRP 76415 negotiated price is $71,000. What should I expect as far as MF and risidual value. Thanks again in advance 

Current program expired today. We'll have to wait a few days for the new program.

enriquemon02

Ok thanks Kyfdx

pitchinwedge

Hi kyfdx, do you have December numbers for So Cal? SLT 2x4 and 4x4?

MF and Residuals @ 10K miles:

24 mo = xx%
33 mo = xx%
36 mo = xx%

-x% for 12k miles?

Thanks!

kyfdx

pitchinwedge said:

Hi kyfdx, do you have December numbers for So Cal? SLT 2x4 and 4x4?

MF and Residuals @ 10K miles:

24 mo = xx%
33 mo = xx%
36 mo = xx%

-x% for 12k miles?

Thanks!

24 mo = 67%, 1.78% APR

36 mo = 61%, 2.50% APR

-1% for 12k miles

Don't have any info on 33 month programs.

Same numbers for 2WD or 4WD

mbguy25

How about SLT model, 36 months, 15k a year. Curious to see if rates have improved 

kyfdx

mbguy25 said:

How about SLT model, 36 months, 15k a year. Curious to see if rates have improved 

2.50% APR and 58% residual

mbguy25

kyfdx said:

Hi kyfdx, do you have December numbers for So Cal? SLT 2x4 and 4x4? MF and Residuals @ 10K miles: 24 mo = xx% 33 mo = xx% 36 mo = xx% -x% for 12k miles? Thanks!

24 mo = 67%, 1.78% APR 36 mo = 61%, 2.50% APR -1% for 12k miles Don't have any info on 33 month programs. Same numbers for 2WD or 4WD

So it's -1% residual for 12k and -3% for 15k miles ?

Michaell

mbguy25 said:

kyfdx said:

pitchinwedge said:

Hi kyfdx, do you have December numbers for So Cal? SLT 2x4 and 4x4?

MF and Residuals @ 10K miles:

24 mo = xx%
33 mo = xx%
36 mo = xx%

-x% for 12k miles?

Thanks!

24 mo = 67%, 1.78% APR

36 mo = 61%, 2.50% APR

-1% for 12k miles

Don't have any info on 33 month programs.

Same numbers for 2WD or 4WD

So it's -1% residual for 12k and -3% for 15k miles ?

Correct.

opdad

This is a great thread! I am in Chicago and looking at a 2015 XL Denali, AWD. What are the December money factors and residuals for this region (do they vary by region? If so, what are the regions?)

Michaell

opdad said:

This is a great thread! I am in Chicago and looking at a 2015 XL Denali, AWD. What are the December money factors and residuals for this region (do they vary by region? If so, what are the regions?)

The Ally lease numbers we have are national.

Be advised that until 12/31, leases in IL tax the entire selling price. After 1/1/15, only the monthly payment is taxed.

36/15 numbers for the Yukon Denali XL are 2.50% MF and either 58% or 60% residual.

dtg4

Hello, do you have numbers for standard Denali (non-XL) 4WD 36 mo @ 15k/year?

Also, I noticed some of the SLT residuals are noted as different based on trim. Are there different trim levels within the various models (SLE, SLT, etc.)?

Thanks in advance

kyfdx

dtg4 said:

Hello, do you have numbers for standard Denali (non-XL) 4WD 36 mo @ 15k/year?

Also, I noticed some of the SLT residuals are noted as different based on trim. Are there different trim levels within the various models (SLE, SLT, etc.)?

Thanks in advance

2.50% APR and 58% residual

The SLT has the same residual, the SLE is 2% higher.

joisey2

Hey.

Do you have any updated data on lease & incentive info for a AWD Denali 36/39 month lease with 12k miles for NJ.

Any idea if it's better to hold off until Jan?

Michaell

joisey2 said:

Hey.

Do you have any updated data on lease & incentive info for a AWD Denali 36/39 month lease with 12k miles for NJ.

Any idea if it's better to hold off until Jan?

2.50% MF and 60% or 62% residual for 36/12. Subtract 2% for 39 months.

Don't know what the numbers will look like next month, but I wouldn't expect them to be much different.

12thman

Are the numbers posted above for the SLT the same for a Denali? I'm looking at a 24 month/12k lease for a 4WD Denali.