2015 Chevy Tahoe Lease Questions

Michaell

joe24 said:

what is the residual and money factor for LTZ for 39/12K, 39/15K

2.45% and 56% for 39/15. Add 2% for 12K

jcgp1200

Can i get the latest MF and RV for a 2015 Tahoe LTZ (MSRP 66,290) for 36 months, 12 & 15 K?

Michaell

jcgp1200 said:

Can i get the latest MF and RV for a 2015 Tahoe LTZ (MSRP 66,290) for 36 months, 12 & 15 K?

2.45% and 58% for 36/15. Add 2% for 12K.

joe24

Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.

Michaell

joe24 said:

Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.

My calculations with your numbers show $700.35/mo before tax, so your quote looks pretty good if it includes tax.

However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?

joe24

Michaell said:

joe24 said:

Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.

My calculations with your numbers show $700.35/mo before tax, so your quote looks pretty good if it includes tax.

However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?

About 1500 is going to cap reduction. the remaining portion is first month and other fee's. Number includes tax but I'm also getting a $500 competitive rebate.

Michaell

joe24 said:

Michaell said:

joe24 said:

Is this a good deal. Tahoe LTZ 66150 MSRP. In NJ 39/12K mile lease. Selling price 61700, MF 2.45 and residual of 58. $700 per month including tax and fee's (MV, doc, NJ extra tax) with $3K down.

My calculations with your numbers show $700.35/mo before tax, so your quote looks pretty good if it includes tax.

However, we don't recommend you put any money down on a lease - do you know how much of the $3,000 up front is used for cap cost reduction?

About 1500 is going to cap reduction. the remaining portion is first month and other fee's. Number includes tax but I'm also getting a $500 competitive rebate.

$1500 works out to about $38.50/mo

joe24

Do you think the residuals and lease rate will change for the Tahoe in October?

joe24

do you have the residual and money factor for Tahoe LTZ in October? 39/12 and 39/15.

joe24

Does anyone have the revised residual and lease rates for October for Tahoe LTZ 39/12 and 39/15. Also is Chevy offering any new incentives on the car? I know costco members can get supplier pricing plus a rebate.

kyfdx

Still waiting on GM numbers for this month. Hopefully, soon.

pitchinwedge

Hi, any November numbers for Tahoe LT? 12k/36mo or best terms? 4x2 and 4x4 is any difference please. Thanks!

kyfdx

pitchinwedge said:

Hi, any November numbers for Tahoe LT? 12k/36mo or best terms? 4x2 and 4x4 is any difference please. Thanks!

2.50% APR and 62% residual w/1LS. 60% residual w/o 1LS

pitchinwedge

Sorry, what is the 1LS?

Michaell

pitchinwedge said:

Sorry, what is the 1LS?

It's an option package .. might be listed on the window sticker.

silvernavi

I'm new to the leasing game. When you say 62% residual , what does that mean and how do you figure out the money factor for a lease ? 

kyfdx

silvernavi said:

I'm new to the leasing game. When you say 62% residual , what does that mean and how do you figure out the money factor for a lease ? 

The residual is the value they place on the vehicle at lease end. It's a percentage of the MSRP.

To convert the APR to an approximate money factor, divide by 2400. The money factor is set by the bank that is renting you the vehicle.

pitchinwedge

Hi kyfdx, sorry if I'm duplicating prior posts but could you also provide 10k and 12k/36mo numbers for the 2wd LT and LTZ? Thanks so much!

Michaell

pitchinwedge said:

Hi kyfdx, sorry if I'm duplicating prior posts but could you also provide 10k and 12k/36mo numbers for the 2wd LT and LTZ? Thanks so much!

2.50% and 60% / 61% for both trim levels

silvernavi

2015 Tahoe LT 4x4 with luxury package, sunroof, 20 inch wheel and navigation. 39 month 12,000 miles/year, $3377 out of pocket from a trade in. $600 a month tax included. Good Deal?

Michaell

silvernavi said:

2015 Tahoe LT 4x4 with luxury package, sunroof, 20 inch wheel and navigation. 39 month 12,000 miles/year, $3377 out of pocket from a trade in. good Deal?

What is the MSRP, selling price and lease payment?

silvernavi

Oh forgot that. The MSRP is $60,835, I'm not sure about the selling price and the monthly payment $600 tax included.

Michaell

silvernavi said:

Oh forgot that. The MSRP is $60,835, I'm not sure about the selling price and the monthly payment $600 tax included.

Hard to evaluate the deal without that information.

But, in general, $600/mo with tax for a $60K car is not a bad deal.

pds11

Hi kyfdx, I am looking at a 2015 4x4 LTZ with an MSRP of 67,000, with a sell price of 62,000. $3330 due at signing (1st month, taxes, fees) and payment of $745/month for 39 month/15,000 miles. Is this a good deal or worth waiting until December to see new deals? Thanks for the feedback...

kyfdx

pds11 said:

Hi kyfdx, I am looking at a 2015 4x4 LTZ with an MSRP of 67,000, with a sell price of 62,000. $3330 due at signing (1st month, taxes, fees) and payment of $745/month for 39 month/15,000 miles. Is this a good deal or worth waiting until December to see new deals? Thanks for the feedback...

2.50% APR and 58% or 56% residual


Assuming all additional costs are in your upfront money, I get a payment of about $699/mo.+tax.. ($731/mo. with lower residual) So, if you are happy with the selling price, then the math looks to be good, assuming tax is still to be added.

No idea about December, but there isn't anything that can really get worse, as far as the lease deal.. .wouldn't hurt to wait. Or, leverage the last few days of this month to try to work a better deal.

pitchinwedge

Hi kyfdx, do you have the December LT-4x4 numbers for So Cal?

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 the December LT-4x4 numbers for So Cal?

MF and Residuals @ 10K miles:

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

-x% for 12k miles?

Thanks!

Sorry... no Chevy numbers, yet... hopefully soon.

pitchinwedge

Any December numbers yet? Thanks!

kyfdx

pitchinwedge said:

Hi kyfdx, do you have the December LT-4x4 numbers for So Cal?

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.

nyccarguy

Hi guys. My Dad's getting "the itch" and is ready for Tahoe #3. He's thinking of leasing this time around. Can you give me the mf & RV for a 2015 4WD Tahoe LT for 36 months/20K miles per year. If you don't have the 20K, then I'll take 15K & do the math. In NY. Thanks!

kyfdx

nyccarguy said:

Hi guys. My Dad's getting "the itch" and is ready for Tahoe #3. He's thinking of leasing this time around. Can you give me the mf & RV for a 2015 4WD Tahoe LT for 36 months/20K miles per year. If you don't have the 20K, then I'll take 15K & do the math. In NY. Thanks!

2.50% APR and either 60% or 58% residual, depending on the trim line, for 36mo, 15K/yr.
(no.. don't know which number the LT qualifies for).

nyccarguy

Thanks dude!

pitchinwedge

So.. I'm looking at an LT 4x4 for 36/12k so the terms should be 2.50% and 60% RV. Am I correct the destination fee of $1195 is included as part of the MSRP, while the acquisition fee of $795 is added to the negotiated price of the car (resulting in the net capitalized cost)?

Michaell

pitchinwedge said:

So.. I'm looking at an LT 4x4 for 36/12k so the terms should be 2.50% and 60% RV. Am I correct the destination fee of $1195 is included as part of the MSRP, while the acquisition fee of $795 is added to the negotiated price of the car (resulting in the net capitalized cost)?

Yes - 2.50% and 60%

Yes, destination is part of MSRP

Yes acquisition fee is added to the price, if not paid up front

silvernavi

Is this deal good? 2015 Tahoe LT, Luxury package, 4wd. MSRP $60,835. Lease amount $600 includes tax, 39 months. 58% residual and .00098 money factor. $3341.73 total down from trade.

Michaell

silvernavi said:

Is this deal good? 2015 Tahoe LT, Luxury package, 4wd. MSRP $60,835. Lease amount $600 includes tax, 39 months. 58% residual and .00098 money factor. $3341.73 total down from trade.

We would need to know the selling price. Also, how much of the $3300 trade equity was used as cap cost reduction?

silvernavi

$57,609.18 was the "agreed" selling price according to the lease paperwork. Says $58,566.56 to the right of that  though . $3341.74 was used as cap cost reduction.

nyccarguy

I wouldn't use that $3341.74 as a cap cost reduction - if the car gets stolen r totaled at any time during the lease, you lose that money

silvernavi

What would you use then as a cap cost reduction? The $58,566.56 is the Gross Cap Cost. I got a quote of $600/ month tax included, 39 months ,12k miles. Residual is 58% and MF is 2.352% (.00098). 

Michaell

silvernavi said:

What would you use then as a cap cost reduction? The $58,566.56 is the Gross Cap Cost. I got a quote of $600/ month tax included, 39 months ,12k miles. Residual is 58% and MF is 2.352% (.00098). 

The only up front money should be for the first payment, fees and tags.

nyccarguy

OK guys, I need your input on this one. 2015 Chevrolet Tahoe LT 4WD.

MSRP: $62,045
Selling Price: $54,131
Negative Equity: $5,029

39 Months - 20K per year lease - 8.375% Sales Tax Rate

Payment: $930 per month including tax

Can you plug this into your magical leasing calculators and let me know your thoughts! Thank-you!

kyfdx

Lots of moving parts there, and can only estimate the residual for 20K/yr..

But, I see around $735/mo. + tax, but I may be underestimating the residual hit for 20K/yr.

nyccarguy

Yeah, I know. Too many moving parts. So then his number looks right then? $735 per month plus the $129 added in for negative equity plus tax equals $930.

silvernavi

What is negative equity?

nyccarguy

My Dad currently owes about $5,000 more than his 2011 Tahoe LTZ is worth. He's going to have to roll that $5K into his 39 month lease which equates to an additional $129 per month or so. It is one of the downfalls of the 0% for 72 month financing he took back when he bought the truck in 2012.

kyfdx

nyccarguy said:

Yeah, I know. Too many moving parts. So then his number looks right then? $735 per month plus the $129 added in for negative equity plus tax equals $930.

No... I already added in the negative equity..

nyccarguy

hmmm. So where's the extra $ coming from? I'll pry a little bit today.

nyccarguy

OK, so I got you guys some more information that should be helpful for you helping me:

2015 4WD Chevrolet Tahoe LT

MSRP: $62,045
Selling Price: $54,131
Negative Equity: $5,029.69
39 Months
Residual Value: 56%
Money Factor: .00148 (I think he's inflating this)
Additional Miles: 20K per year for 39 months @ $.20 each over 15K per year
Right now he's got me at $930 per month
Can you guys give me a solid number to go back to him with tomorrow?

Thanks!

kyfdx

nyccarguy said:

OK, so I got you guys some more information that should be helpful for you helping me:

2015 4WD Chevrolet Tahoe LT

MSRP: $62,045
Selling Price: $54,131
Negative Equity: $5,029.69
39 Months
Residual Value: 56%
Money Factor: .00148 (I think he's inflating this)
Additional Miles: 20K per year for 39 months @ $.20 each over 15K per year
Right now he's got me at $930 per month
Can you guys give me a solid number to go back to him with tomorrow?

Thanks!

If the extra mileage charge is added to the CAP cost, I get $853/mo.+tax.
If the extra mileage charge is used to reduce the residual, I get $843/mo.+tax.

If they are using an actual MF instead of an APR, they are probably going through a different bank than Ally, and I can't verify it (though, the residual is the same).
The 2.50% APR from Ally roughly equals .0011

nyccarguy

I would think the added 16,250 miles would be added into the cap cost. I'm pretty sure the bank is Ally. So if its $853 per month plus $71.44 tax is $924.44. He's at $930 right now. Not too far off.

You used the 2.5% APR or the .00148 (3.55%) I'm being quoted?

Looks like I'm going to shoot for plan B. I'm going to have Dad's '11 professionally detailed on the inside, bring it up for them to see & hopefully get some more trade money out of them so there's less negative equity and get them to give me the base 2.5% APR.

Thanks as always!