2015 Chevy Tahoe Lease Questions

dre210

Yes, I went to two different dealers and you were right. I was missing a few of their fees. But, this is what I want to know. After getting home and looking on my lease worksheet, they have the base residual for Ally at 58% and they have adjusted residual at 60%. How are they able to adjust the residual to 60%? I thought that this was set up by the bank and could not be changed? This is on a 2015 LTZ 4WD....

kyfdx

dre210 said:

Yes, I went to two different dealers and you were right. I was missing a few of their fees. But, this is what I want to know. After getting home and looking on my lease worksheet, they have the base residual for Ally at 58% and they have adjusted residual at 60%. How are they able to adjust the residual to 60%? I thought that this was set up by the bank and could not be changed? This is on a 2015 LTZ 4WD....

It's just semantics... the standard mileage allowance is 15K/yr. The adjusted residual is for the lower mileage allowance.

diggy5

Hi, can I get money factor and residual values for a 2015 Tahoe LT, 36 months/15k? Anyone out there been shopping for one? Seems like they're not giving too much of a discount or incentives off msrp. I'm based in NYC, anyone know any recent good deals from any dealerships? Help is appreciated. Thanks!

Michaell

diggy5 said:

Hi, can I get money factor and residual values for a 2015 Tahoe LT, 36 months/15k? Anyone out there been shopping for one? Seems like they're not giving too much of a discount or incentives off msrp. I'm based in NYC, anyone know any recent good deals from any dealerships? Help is appreciated. Thanks!

GM Financial numbers:

.00115 and 55%

diggy5

Michaell said:

diggy5 said:

Hi, can I get money factor and residual values for a 2015 Tahoe LT, 36 months/15k? Anyone out there been shopping for one? Seems like they're not giving too much of a discount or incentives off msrp. I'm based in NYC, anyone know any recent good deals from any dealerships? Help is appreciated. Thanks!

GM Financial numbers:

.00115 and 55%

Thanks!

jcsta69

Hello, just looking for 2015 Tahoe LT residual % and interest rate for 12k & 15k miles..24 and 36 mos. Thanks.

Michaell

jcsta69 said:

Hello, just looking for 2015 Tahoe LT residual % and interest rate for 12k & 15k miles..24 and 36 mos. Thanks.

36/15 - .00115 and 55%

24/15 - .00085 and 63%

Add 2% for 12K miles.

dre210

Can I please have the residual and MF for LTZ 4WD 36 months @ 10,000 miles?

kyfdx

dre210 said:

Can I please have the residual and MF for LTZ 4WD 36 months @ 10,000 miles?

.00098 MF and 56% residual

dre210

Thank you... Are those ally or gm financial numbers?

kyfdx

dre210 said:

Thank you... Are those ally or gm financial numbers?

GM Financial

12many

New member here, shopping for 2015 LT 4wd for a lease. I really appreciate this info. I have been following this post for months.

If possible, please post the residual and MF for April for a 36 or 39 month lease at 12k miles per year. Is it reasonable to shoot for the cap cost at invoice and no other dealer fees?

Any things else you recommend I know as I start the process? Thanks.

kyfdx

12many said:

New member here, shopping for 2015 LT 4wd for a lease. I really appreciate this info. I have been following this post for months.

If possible, please post the residual and MF for April for a 36 or 39 month lease at 12k miles per year. Is it reasonable to shoot for the cap cost at invoice and no other dealer fees?

Any things else you recommend I know as I start the process? Thanks.

.00098 MF and 55%/53% residual

kingtana

Hi I'm new here. I've been reading the forum and thinking about leasing a 2015 Tahoe MSRP at $55,540. My question is what's the lowest lease they can offer me With 4k down? They offered me at $611 including taxes. I'm in Las Vegas and Tax here is 8.1%. I'm trying to negotiate down to  around 580. Is that possible? Thanks in advance

12many

Thank you KYFDX for your reply.

Michaell

kingtana said:

Hi I'm new here. I've been reading the forum and thinking about leasing a 2015 Tahoe MSRP at $55,540. My question is what's the lowest lease they can offer me With 4k down? They offered me at $611 including taxes. I'm in Las Vegas and Tax here is 8.1%. I'm trying to negotiate down to  around 580. Is that possible? Thanks in advance

What lease term and how many miles per year are you looking for?

We don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. And, it doesn't change your total cash outlay for the lease, just the calculus of what's due when.

Don't negotiate the payment, negotiate the lowest selling price.

kingtana

48 months 12k miles, we are thinking of buying it at the end of the ease.'I know they say that we shouldn't buy if we are going to lease. But if I buy my monthly will be around 7 with 4k down. I want to get lower payments do when it comes time to buy at the end of lease my monthly will be lower then too. Please let me kno what you think. Thank you !!!

kingtana

Sorry i meant to say is if bought it with 4k down then my monthly will be in the 1,000s

Michaell

kingtana said:

48 months 12k miles, we are thinking of buying it at the end of the ease.'I know they say that we shouldn't buy if we are going to lease. But if I buy my monthly will be around 7 with 4k down. I want to get lower payments do when it comes time to buy at the end of lease my monthly will be lower then too. Please let me kno what you think. Thank you !!!

The 48/12 lease numbers for the Tahoe are .00120 and 46%, unless it's the LS trim, in which case the residual is 48%.

If you can provide a selling price, I can model a payment.

If you plan on keeping the vehicle for a long time, an outright purchase is probably the way to go.

kingtana

Michaell said:

48 months 12k miles, we are thinking of buying it at the end of the ease.'I know they say that we shouldn't buy if we are going to lease. But if I buy my monthly will be around 7 with 4k down. I want to get lower payments do when it comes time to buy at the end of lease my monthly will be lower then too. Please let me kno what you think. Thank you !!!

The 48/12 lease numbers for the Tahoe are .00120 and 46%, unless it's the LS trim, in which case the residual is 48%. If you can provide a selling price, I can model a payment. If you plan on keeping the vehicle for a long time, an outright purchase is probably the way to go.

thanks. I think I'm going to wait til Memorial Day weekend and see what deals they have

kingtana

The guy contacted me today and said the car I want is in the msrp is 55540. I asked him for capital cost

kingtana

So they're offering me $569 plus tax (8.1%)comes out to $614. 48/12k . That's with 4k down.they haven't told me the capital cost yet. I don't want it unless it's in the 580

kingtana

I put the numbers in and if they knock off 3000 of msrp it would be 586. Are they able to knock off 3000 off MSRP?

12many

Yes. Will they? Don't know. Other please correct me if I am wrong but chevy provides 3% of MSRP as a holdback that is paid to the dealer. So, even if they sell it to you at invoice, they are still making 3%, but as with any business, they want to maximize profit. I think they should come down 3k under MSRP as these are not that rare anymore, but I never can figure what a dealer will do.

kingtana

The salesman said the residual and money factor is different from the one you gave. Is he lying?

kingtana

Michaell

kingtana said:

The salesman said the residual and money factor is different from the one you gave. Is he lying?

He could be using a different bank. We only have numbers for GM Financial

kingtana

kingtana said:

Something is fishy here. Why doesn't my 4k go towards the capital cost and only 3383.01?

kyfdx

kingtana said:

kingtana said:

Something is fishy here. Why doesn't my 4k go towards the capital cost and only 3383.01?

Because $616.99 goes to make the first payment.

12many

For a GM Financial lease, is the acquisition fee allowed? Is it negotiable or is it fixed and required? This is the fee I don't know much about. I believe document fee is up to the dealer in NV.

Kingtana, someone else who knows more can comment, but the numbers you can work on to get a better price in your estimate are increasing the discount ($3892) from MSRP, or reducing the document prep fee and the acquisition fee. Or your trade, but too many variables to comment.

kingtana

Thank you guys!

Michaell

12many said:

For a GM Financial lease, is the acquisition fee allowed? Is it negotiable or is it fixed and required? This is the fee I don't know much about. I believe document fee is up to the dealer in NV.

Kingtana, someone else who knows more can comment, but the numbers you can work on to get a better price in your estimate are increasing the discount ($3892) from MSRP, or reducing the document prep fee and the acquisition fee. Or your trade, but too many variables to comment.

Acquisition fee is mandated by the bank and cannot be avoided.

kingtana

kyfdx said:

kingtana said:

Something is fishy here. Why doesn't my 4k go towards the capital cost and only 3383.01?

Because $616.99 goes to make the first payment.

How do they come up with basement? Ive been trying to run the numbers

Michaell

kingtana said:

kyfdx said:

kingtana said:

Something is fishy here. Why doesn't my 4k go towards the capital cost and only 3383.01?

Because $616.99 goes to make the first payment.

How do they come up with basement? Ive been trying to run the numbers

Use this article to help you build your own lease calculator:

http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

12many

Does the Edmunds invoice price include dealer hold back. For example, when dealer invoice price for a Chevrolet at Edmunds says 50,000 on a 54,000 msrp car, and the dealer sells it at 50,000, do they still get the 3% holdback from GM? Thanks.

Michaell

12many said:

Does the Edmunds invoice price include dealer hold back. For example, when dealer invoice price for a Chevrolet at Edmunds says 50,000 on a 54,000 msrp car, and the dealer sells it at 50,000, do they still get the 3% holdback from GM? Thanks.

Holdback is not part of any pricing information that I know of.

bigbanjo

Why not just go with the 2013?

12many

Thanks Michaell. My deal fell through. Commercial sales guy had confirmed the price with me twice by email, but the morning of the closing, he said he could not close the deal because they would lose money. Others have said this is typical of this dealer, but they had the color/options that I liked so I gave them a try.

Wonderful car. I felt like a king driving it after 9 years in a Pathfinder. But, when the dealer said no deal, I felt like a kid with a new ice cream cone, only to have it taken away just before the first bite. Someday . . . .

The deal was as follows: MSRP - $57,115 using 53% resid, .00098 MF, $4120 total amount down (not including DMV registration) and $608 per month for 39 months.

BigBanjo, I usually lease through my business and leases are better from a tax write off perspective. I like the features of the 2015i models, particularly the fold flat 3rd row. I will look at the 13's Better value to let the depreciation occur with a prior owner.

I am going to talk to another dealer that Kingtana recommended.

Thanks everyone for your help.

Michaell

12many said:

Thanks Michaell. My deal fell through. Commercial sales guy had confirmed the price with me twice by email, but the morning of the closing, he said he could not close the deal because they would lose money. Others have said this is typical of this dealer, but they had the color/options that I liked so I gave them a try.

Wonderful car. I felt like a king driving it after 9 years in a Pathfinder. But, when the dealer said no deal, I felt like a kid with a new ice cream cone, only to have it taken away just before the first bite. Someday . . . .

The deal was as follows: MSRP - $57,115 using 53% resid, .00098 MF, $4120 total amount down (not including DMV registration) and $608 per month for 39 months.

BigBanjo, I usually lease through my business and leases are better from a tax write off perspective. I like the features of the 2015i models, particularly the fold flat 3rd row. I will look at the 13's Better value to let the depreciation occur with a prior owner.

I am going to talk to another dealer that Kingtana recommended.

Thanks everyone for your help.

Sorry that your deal fell through, but I suppose everything happens for a reason. It only takes one dealer to match the numbers you are looking for.

Kirstie_H

If you traded in a hybrid for an SUV, a reporter would like to talk with you. Please email PR@edmunds.com no later than Friday, April 24, 2015 and be sure to include your daytime contact info and a few words about your experience with your vehicles.

koh5

Hi,

Do we have May/15 residual and MF numbers on 39 months/12k lease?

Thank you

kyfdx

koh5 said:

Hi,

Do we have May/15 residual and MF numbers on 39 months/12k lease?

Thank you

.00100 MF and 53% residual

12many

I am surprised by how much the residual changes. The residual was at 60% early in the model year I think. On a 57,000 car, that is about $4000. Divide that by 36 months, that is an extra $110 per month in payment. If someone is buying at lease end, then you get a lower purchase price, but you walk away, the lease is quite a bit more expensive. Seems like in some ways, buying may be better than an end of year lease.

Michaell

12many said:

I am surprised by how much the residual changes. The residual was at 60% early in the model year I think. On a 57,000 car, that is about $4000. Divide that by 36 months, that is an extra $110 per month in payment. If someone is buying at lease end, then you get a lower purchase price, but you walk away, the lease is quite a bit more expensive. Seems like in some ways, buying may be better than an end of year lease.

The residual value usually drops during the model year. However, the MF may also decrease as well, somewhat mitigating the hit in depreciation on the monthly payment.

twann

Hello all I am new here and would appreciate any help the board can give me. While in the show room today here in Richmond, VA I requested pricing for a 2015 LTZ, with a sales price of $66K, without running my credit, and received a 39 month lease, 51% residual, MF unknown, 15K miles, for a monthly cost of $1,180.48. Considering I want the vehicle and have seen some great per month leasing numbers around the $550 - $700 mark, I am wondering what my money factor and residuals would be on this vehicle through both GM Financials and Ally. I would like to thank you all in advance for your guidance.

Michaell

twann said:

Hello all I am new here and would appreciate any help the board can give me. While in the show room today here in Richmond, VA I requested pricing for a 2015 LTZ, with a sales price of $66K, without running my credit, and received a 39 month lease, 51% residual, MF unknown, 15K miles, for a monthly cost of $1,180.48. Considering I want the vehicle and have seen some great per month leasing numbers around the $550 - $700 mark, I am wondering what my money factor and residuals would be on this vehicle through both GM Financials and Ally. I would like to thank you all in advance for your guidance.

.00100 and 51% for 39/15. 

What is the MSRP?

twann

Michaell said:

twann said:

Hello all I am new here and would appreciate any help the board can give me. While in the show room today here in Richmond, VA I requested pricing for a 2015 LTZ, with a sales price of $66K, without running my credit, and received a 39 month lease, 51% residual, MF unknown, 15K miles, for a monthly cost of $1,180.48. Considering I want the vehicle and have seen some great per month leasing numbers around the $550 - $700 mark, I am wondering what my money factor and residuals would be on this vehicle through both GM Financials and Ally. I would like to thank you all in advance for your guidance.

.00100 and 51% for 39/15. 

What is the MSRP?

Sticker was $66k

Michaell

twann said:

Michaell said:

twann said:

Hello all I am new here and would appreciate any help the board can give me. While in the show room today here in Richmond, VA I requested pricing for a 2015 LTZ, with a sales price of $66K, without running my credit, and received a 39 month lease, 51% residual, MF unknown, 15K miles, for a monthly cost of $1,180.48. Considering I want the vehicle and have seen some great per month leasing numbers around the $550 - $700 mark, I am wondering what my money factor and residuals would be on this vehicle through both GM Financials and Ally. I would like to thank you all in advance for your guidance.

.00100 and 51% for 39/15. 

What is the MSRP?

Sticker was $66k

Ok so what was the selling price offered to you?

twann

Michaell said:

twann said:

Michaell said:

twann said:

Hello all I am new here and would appreciate any help the board can give me. While in the show room today here in Richmond, VA I requested pricing for a 2015 LTZ, with a sales price of $66K, without running my credit, and received a 39 month lease, 51% residual, MF unknown, 15K miles, for a monthly cost of $1,180.48. Considering I want the vehicle and have seen some great per month leasing numbers around the $550 - $700 mark, I am wondering what my money factor and residuals would be on this vehicle through both GM Financials and Ally. I would like to thank you all in advance for your guidance.

.00100 and 51% for 39/15. 

What is the MSRP?

Sticker was $66k

Ok so what was the selling price offered to you?

$62k was offered to me.

Michaell

twann said:

Michaell said:

twann said:

Michaell said:

twann said:

Hello all I am new here and would appreciate any help the board can give me. While in the show room today here in Richmond, VA I requested pricing for a 2015 LTZ, with a sales price of $66K, without running my credit, and received a 39 month lease, 51% residual, MF unknown, 15K miles, for a monthly cost of $1,180.48. Considering I want the vehicle and have seen some great per month leasing numbers around the $550 - $700 mark, I am wondering what my money factor and residuals would be on this vehicle through both GM Financials and Ally. I would like to thank you all in advance for your guidance.

.00100 and 51% for 39/15. 

What is the MSRP?

Sticker was $66k

Ok so what was the selling price offered to you?

$62k was offered to me.

With a $66K MSRP and $62K selling price, along with the 51% residual and .00100 MF, I get a pre-tax payment of $822.33/mo for 39 months.

Find out what the net cap cost is; if different from the selling price, get the dealer to explain to you what's been added. Also, the MF is almost certainly marked up on you.

Can you confirm the tax rate in VA?