2015 Chevy Tahoe Lease Questions

twann

Michaell said:

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?

Motor vehicle sales tax in VA is 4.05% last I checked. I would like to thank you in advance for all of your help. What i am seeing though is that I need to try and lease as early in the model year as possible because the residual drops so much, unless my cost of money says otherwise. That said, I am assuming the 2016's will hit in Nov/Dec. time frame. Is this a correct assumption?

Michaell

twann said:

Michaell said:

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?

Motor vehicle sales tax in VA is 4.05% last I checked. I would like to thank you in advance for all of your help. What i am seeing though is that I need to try and lease as early in the model year as possible because the residual drops so much, unless my cost of money says otherwise. That said, I am assuming the 2016's will hit in Nov/Dec. time frame. Is this a correct assumption?

Generally speaking, residuals are best at the beginning of the model year. However, the MF is often high as well, so the overall deal isn't that much different.

You are trying to lease a very popular car; it's going to be expensive whenever you decide to make a deal.

Don't know when the 2016's are due....

ashko

Here is my deal

MSRP: 57120
Sell: 52120
39 mos
53% residual
2.4% MF
$2700 drive offs (around 1400 cash)
Payment: 650 tax included

Michaell

ashko said:

Here is my deal

MSRP: 57120
Sell: 52120
39 mos
53% residual
2.4% MF
$2700 drive offs (around 1400 cash)
Payment: 650 tax included

I'm getting $643/mo before tax ... how much of the $2700 is going to cap reduction?

Ericavanluc

Hi, new to forum but I see some great info already! Trying to lease a 2015 Tahoe LTZ in the Northern NJ area. 15K and no $ down with taxes and fees in payment not upfront. Sticker prices are around 65-67K. What's the mf & rf this month? I don't see any manufacturer incentives on them yet. Do you think there will be any incentives anytime soon? Is it worth waiting a few more months on the 2015 models? 
Thanks in advance! 

kyfdx

erioff said:

Hi, new to forum but I see some great info already! Trying to lease a 2015 Tahoe LTZ in the Northern NJ area. 15K and no $ down with taxes and fees in payment not upfront. Sticker prices are around 65-67K. What's the mf & rf this month? I don't see any manufacturer incentives on them yet. Do you think there will be any incentives anytime soon? Is it worth waiting a few more months on the 2015 models? 
Thanks in advance! 

.00100 MF and 53% residual for 36mo, 15K/yr.

You are right ... no incentives. No crystal ball, here, either.

Ericavanluc

Thanks again kyfdx

jed124

Good morning gentlemen 

New to the forum and must say the advise given on here is very informative. Thank you all for that. 

Looking to lease a 2015 Chevy Tahoe LTZ 

MSRP is 67 K. The truck is a demo with 5k miles.

I'm looking for a 39-42 mo lease with 12/15k miles.

What money factor and residual % do I use?  

Also, any thoughts about the amount of discount I should be looking for due to the fact the truck is a Demo? 

Michaell

jed124 said:

Good morning gentlemen 

New to the forum and must say the advise given on here is very informative. Thank you all for that. 

Looking to lease a 2015 Chevy Tahoe LTZ 

MSRP is 67 K. The truck is a demo with 5k miles.

I'm looking for a 39-42 mo lease with 12/15k miles.

What money factor and residual % do I use?  

Also, any thoughts about the amount of discount I should be looking for due to the fact the truck is a Demo? 

39/15 lease numbers are .00100 and 51%; 42/15 numbers are .00114 and 49%. Add 2% for 12K.

You should be able to get .20-.25 per mile additional discount ($1000-1250) for the miles.

jed124

Thank you 

pmp1901

Hi All:

Just got the following quote on a 2015 Tahoe LS and I wanted to run the #'s by to see if this is a good deal:

MSRP $50,930
36 month lease
0 down
$944 due at signing (first month, doc fee, taxes, transfer plate)
12k miles/yr
$493.63 per month (includes taxes)

I qualify for GM discount as well as lease conquest.

Any insight is greatly appreciated.

Thanks

kyfdx

pmp1901 said:

Hi All:

Just got the following quote on a 2015 Tahoe LS and I wanted to run the #'s by to see if this is a good deal:

MSRP $50,930
36 month lease
0 down
$944 due at signing (first month, doc fee, taxes, transfer plate)
12k miles/yr
$493.63 per month (includes taxes)

I qualify for GM discount as well as lease conquest.

Any insight is greatly appreciated.

Thanks

We don't have the July numbers, so can't calculate a payment.

But, a $490 lease payment on a $51K vehicle can't be a bad deal.

carlgrim

Can you please provide Money Factor and Residual for a Tahoe LTZ 2wd in South Florida? 36 or 39, 12K

kyfdx

carlgrim said:

Can you please provide Money Factor and Residual for a Tahoe LTZ 2wd in South Florida? 36 or 39, 12K

Sorry, we didn't get any GM lease info for July

k6m3w

Hi all... any updates on current residuals or MF's for 2015 Tahoe LT for 10k over 39 months?

k6m3w

wowo, found this to answer my own question (54% & 0.00100)... cld.bz/4BJprPu#89/z which is nice to have! See page 90-93 for residuals & page 104 for adjustments. Page 107 for MF's and Cash Rebates (CCR?).
They have the #'s for the 2016's there also. For 10k/39m, residual is 59% & MF is 0.00220.

So what fee's SHOULD be included in my Capitalized Cost besides a $595 acquisition fee & Title, Registration & License? That doc on the link above says just $595 acquisition fee, but $0 Early Term Fee, $0 Disposition Fee, $0 Purchase Option Fee. Are document fees legit?What fees might the dealer try to tack on that I should fight?

kyfdx

k6m3w said:

wowo, found this to answer my own question (54% & 0.00100)... cld.bz/4BJprPu#89/z which is nice to have! See page 90-93 for residuals & page 104 for adjustments. Page 107 for MF's and Cash Rebates (CCR?).
They have the #'s for the 2016's there also. For 10k/39m, residual is 59% & MF is 0.00220.

So what fee's SHOULD be included in my Capitalized Cost besides a $595 acquisition fee & Title, Registration & License? That doc on the link above says just $595 acquisition fee, but $0 Early Term Fee, $0 Disposition Fee, $0 Purchase Option Fee. Are document fees legit?What fees might the dealer try to tack on that I should fight?

That's awesome... we didn't get Chevy numbers this month.

Document fees are a fact of life. Some states restrict them by law. In Florida, they seem to go through the roof.. Which state?

Also, better to pay government fees upfront, as those fees are non-taxable. You don't want to put them in the payment and then have to pay tax on them.

k6m3w

Good point on the fees & taxing them. Ok so as far as the fee's due at signing in NJ, this is what I understand to be the only fees I should have to pay (despite being shocked at what I paid for after reading my past lease contracts):
NJ Tire Fee $7
Title, License & Reg (4 x $85/yr as per NJ DMV) $340
Acquisition Fee ($595 as per GM) $595
Early Termination Fee ($0 as per GM) $0.00
Disposition Fee ($0 as per GM) $0.00
Purchase Option Fee ($0 as per GM) $0.00
Dealer Document Fee (average doc fee on my last 2 leases) $325
NJ Sales Tax 7% on Depreciation of $23,204 $1,624

Total Fees & Taxes due at signing = $2,981

Can call 'BS' on any fees over and above that? Or do I have anything missing or any of that wrong?

Also I've calculated the payments to be $682 (on $54,870 TMV of Tahoe LT w/ Lux Package)... does that look right?

PS- Think I can instead insist on basing it off of invoice seeing that its a lease and they get holdbacks, etc?

kyfdx

k6m3w said:

Good point on the fees & taxing them. Ok so as far as the fee's due at signing in NJ, this is what I understand to be the only fees I should have to pay (despite being shocked at what I paid for after reading my past lease contracts):
NJ Tire Fee $7
Title, License & Reg (4 x $85/yr as per NJ DMV) $340
Acquisition Fee ($595 as per GM) $595
Early Termination Fee ($0 as per GM) $0.00
Disposition Fee ($0 as per GM) $0.00
Purchase Option Fee ($0 as per GM) $0.00
Dealer Document Fee (average doc fee on my last 2 leases) $325
NJ Sales Tax 7% on Depreciation of $23,204 $1,624

Total Fees & Taxes due at signing = $2,981

Can call 'BS' on any fees over and above that? Or do I have anything missing or any of that wrong?

Also I've calculated the payments to be $682 (on $54,870 TMV of Tahoe LT w/ Lux Package)... does that look right?

PS- Think I can instead insist on basing it off of invoice seeing that its a lease and they get holdbacks, etc?

$300-$400 is probably an average cost for doc fee in NJ, but don't be surprised if they ask for more.

I don't know about the selling price, but it really doesn't matter if it's a lease or purchase, the dealer is still looking for the same profit margin.

You can roll the acquisition fee in, as it's taxed, either way. You can also roll in the taxes, as the tax calculation is done pre-tax, and that won't result in double taxation. So that just leaves about $7XX + 1st payment due at signing...

k6m3w

So I emailed a dealer for pricing and they threw in some "Rent Charge" for $3,625 which they added to the Depreciation Charge!?!?! What is that baloney? Is it legit? assuming not.

Michaell

k6m3w said:

So I emailed a dealer for pricing and they threw in some "Rent Charge" for $3,625 which they added to the Depreciation Charge!?!?! What is that baloney? Is it legit? assuming not.

The "Rent Charge" is the term used to represent the interest charged during a lease. Totally legit.

cp11

Do you have lease numbers for '15 Tahoe LT 4WD 12k/36 mo in Indiana? MF in decimal not %?

kyfdx

cp11 said:

Do you have lease numbers for '15 Tahoe LT 4WD 12k/36 mo in Indiana? MF in decimal not %?

.00080 MF and 53% residual. $900 lease cash.

Those are GM Financial numbers, with MF in decimal form.

Some other banks (Ally?) may use APRs.

cp11

kyfdx said:

cp11 said:

Do you have lease numbers for '15 Tahoe LT 4WD 12k/36 mo in Indiana? MF in decimal not %?

.00080 MF and 53% residual. $900 lease cash.

Those are GM Financial numbers, with MF in decimal form.

Some other banks (Ally?) may use APRs.

Thanks! Is 36 mo the sweet spot or 39 mo better now? Seems like GM Financial is better in long run if considering buying at end of lease??

Michaell

cp11 said:

kyfdx said:

cp11 said:

Do you have lease numbers for '15 Tahoe LT 4WD 12k/36 mo in Indiana? MF in decimal not %?

.00080 MF and 53% residual. $900 lease cash.

Those are GM Financial numbers, with MF in decimal form.

Some other banks (Ally?) may use APRs.

Thanks! Is 36 mo the sweet spot or 39 mo better now? Seems like GM Financial is better in long run if considering buying at end of lease??

39 month residuals are only 2% less than for 36 months; I still think 36 months is the better deal.

jarbl

I am looking for the residual and MF numbers on a 2WD 2016 Tahoe LTZ for 36 and 39 months at 15k miles/year.

The dealer is offering 8k off MSRP, but is still very high on the payment. $915/month for 39 months with 3k down

kyfdx

jarbl said:

I am looking for the residual and MF numbers on a 2WD 2016 Tahoe LTZ for 36 and 39 months at 15k miles/year.

The dealer is offering 8k off MSRP, but is still very high on the payment. $915/month for 39 months with 3k down

.00205 MF and 57%/55% residual for 36/39 months.

carlgrim

Do you may have South Florida Money Factor and Residual on a Tahoe LT 12K/36 12k/39 and 12K/48?

Michaell

carlgrim said:

Do you may have South Florida Money Factor and Residual on a Tahoe LT 12K/36 12k/39 and 12K/48?

2015 Tahoe LT

36/12 - .00080 and 53%
39/12 - .00080 and 51%
48/12 - .00115 and 44%

$900 lease cash

impy55

Do you have any info on 2015 or 2016 Tahoe LT 12k/36 4x4 & Sun, Entertainment & Destination Package in CT? Looking specifically for MF and residual. Thanks!

Michaell

impy55 said:

Do you have any info on 2015 or 2016 Tahoe LT 12k/36 4x4 & Sun, Entertainment & Destination Package in CT? Looking specifically for MF and residual. Thanks!

2016 - .00170 and 59%. $700 lease cash.

No 2015 Tahoe lease numbers.

edittman1

Looking at the 2016 Tahoe LT. What is the MF and residual and incentives here in CA? What is a "good deal" on payments? What are we seeing the cars "sold" for? Thank you!!!

123ablack

Hi Michaell and Kyfdx, here is a vehicle i am keeping an eye on and i would appreciate if you could tell me approx what i could expect to pay so i can come to the dealer with some knowledge:

Location: NY

• 2016 Tahoe 4WD LTZ
  
• 39 Month Term
  
• 12k Miler Per Year
  
• $0 Out of Pocket
  

MSRP: $70,160.00
Selling Price (Assumed): $63,945.35 (with Supplier Discount and $1500 Rebate)


approx how much can i expect to pay per month (Ally or GM Financial) with the current MF and RV

Thanks a lot!

kyfdx

edittman1 said:

Looking at the 2016 Tahoe LT. What is the MF and residual and incentives here in CA? What is a "good deal" on payments? What are we seeing the cars "sold" for? Thank you!!!

.00170 MF and 57% residual for 36mo, 15K/yr. $700 lease cash.

Don't have the answers to your last two questions.

kyfdx

123ablack said:

Hi Michaell and Kyfdx, here is a vehicle i am keeping an eye on and i would appreciate if you could tell me approx what i could expect to pay so i can come to the dealer with some knowledge:

Location: NY

• 2016 Tahoe 4WD LTZ
  
• 39 Month Term
  
• 12k Miler Per Year
  
• $0 Out of Pocket
  

MSRP: $70,160.00
Selling Price (Assumed): $63,945.35 (with Supplier Discount and $1500 Rebate)


approx how much can i expect to pay per month (Ally or GM Financial) with the current MF and RV

Thanks a lot!

.00170 MF and 57% residual.

That's $842/mo.+taxes, fees, etc.

edittman1

So, the reason this lease is much higher than my Lexus GS350, is because the residual isn't nearly as strong. Any idea if you can use MSD's with Chevy? Leasing a 2016 LT 4wd looks expensive. I wonder if people are getting them down to $50k with the current programs out there..?

kyfdx

edittman1 said:

So, the reason this lease is much higher than my Lexus GS350, is because the residual isn't nearly as strong. Any idea if you can use MSD's with Chevy? Leasing a 2016 LT 4wd looks expensive. I wonder if people are getting them down to $50k with the current programs out there..?

No MSD program with Chevy

123ablack

When are the MF and RV numbers expected to be released for the month of December? Holding my breath and hoping for 1.5%APR and 60+ %RV for the 2016 Tahoe LTZ 4WD 39/12

kyfdx

123ablack said:

When are the MF and RV numbers expected to be released for the month of December? Holding my breath and hoping for 1.5%APR and 60+ %RV for the 2016 Tahoe LTZ 4WD 39/12

.00170 MF and 55% residual

GM Financial program (which is all we have).

123ablack

kyfdx said:

123ablack said:

When are the MF and RV numbers expected to be released for the month of December? Holding my breath and hoping for 1.5%APR and 60+ %RV for the 2016 Tahoe LTZ 4WD 39/12

.00170 MF and 55% residual

GM Financial program (which is all we have).

are these the numbers for December??

kyfdx

123ablack said:

kyfdx said:

123ablack said:

When are the MF and RV numbers expected to be released for the month of December? Holding my breath and hoping for 1.5%APR and 60+ %RV for the 2016 Tahoe LTZ 4WD 39/12

.00170 MF and 55% residual

GM Financial program (which is all we have).

are these the numbers for December??

Yes

123ablack

I think it's first time (that I can remember) where the December RV and MF numbers are worse (or the same) than the Novemver numbers..

123ablack

Can you provide the Dec numbers for the following 2016 Tahoe LTZ 4WD:
36/10
39/10

Thanks

Michaell

123ablack said:

Can you provide the Dec numbers for the following 2016 Tahoe LTZ 4WD:
36/10
39/10

Thanks

.00170 and 60% (36/10). Subtract 2% for 39/10.

dolphin5

Can you please provide December mf and residual on a 2016 4WD Tahoe LT - 24, 27 and 36 months with 15k mi/yr, and list lease cash cash,

Thanks

kyfdx

dolphin5 said:

Can you please provide December mf and residual on a 2016 4WD Tahoe LT - 24, 27 and 36 months with 15k mi/yr, and list lease cash cash,

Thanks

.00200 MF and 63% residual
.00200 MF and 62% residual
.00170 MF and 57% residual

$700 lease cash

123ablack

Hi, happy new year folks!

Can you provide the January MF, RV and Lease Cash Numbers in NY for the following lease terms on a 2016 Tahoe LTZ 4WD:
• 24/10
• 36/10
• 39/10
• 24/12
• 36/12
• 39/12

Thanks!

Michaell

123ablack said:

Hi, happy new year folks!

Can you provide the January MF, RV and Lease Cash Numbers in NY for the following lease terms on a 2016 Tahoe LTZ 4WD:
• 24/10
• 36/10
• 39/10
• 24/12
• 36/12
• 39/12

Thanks!

24/12 - .00200 and 65%
36/12 - .00170 and 59%
39/12 - .00170 and 57%

Add 1% for 10K

123ablack

Thank you so much Michael and happy new year!

123ablack

Can you please provide the Frbfuary MF, RV and Lease Cash Numbers in NY for the following lease terms on a 2016 Tahoe LTZ 4WD:
• 24/10
• 36/10
• 39/10
• 24/12
• 36/12
• 39/12

Thanks