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2016 Chevrolet Suburban Lease Questions

Nueva_TeslaNueva_Tesla Member Posts: 11
edited November 2015 in Chevrolet
Looking for feedback about a lease offer:

MSRP: $64,775
Suburban LT
Luxury Pkg
Nav
Bucket Seats
20" polished rims
wheel locks
Black Emblems

Sale price: $59,779
Residual: $36,921
NY Tax 8.375%
Money Factor: 0.0017
Miles per year: 12k
39 months $0 out of pocket $892 / $2,000 out of pocket $834

Thank you!
«13

Comments

  • kyfdxkyfdx Moderator Posts: 187,348
    milfedout said:

    Looking for feedback about a lease offer:

    MSRP: $64,775
    Suburban LT
    Luxury Pkg
    Nav
    Bucket Seats
    20" polished rims
    wheel locks
    Black Emblems

    Sale price: $59,779
    Residual: $36,921
    NY Tax 8.375%
    Money Factor: 0.0017
    Miles per year: 12k
    39 months $0 out of pocket $892 / $2,000 out of pocket $834

    Thank you!

    .00170 MF and 57% residual.

    Using the sale price as the CAP cost, I get $750/mo.

    If I add in $4000 to cover tax, 1st payment, acquisition fee, etc., then about $860/mo.
    Ask them for the CAP cost on the $0 out of pocket deal, and have them break it down.. Might be an extra $1000 floating around in there somewhere.

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  • Nueva_TeslaNueva_Tesla Member Posts: 11
    Thanks @kyfdx

    "Cap cost is $59,779 and everything is included,  tax, M.V. fees, doc fees, bank fees, and 1st month payment in 2k out of pocket-So you will have 38 more payments at $ 834.46." 
  • kyfdxkyfdx Moderator Posts: 187,348
    milfedout said:

    Thanks @kyfdx

    "Cap cost is $59,779 and everything is included,  tax, M.V. fees, doc fees, bank fees, and 1st month payment in 2k out of pocket-So you will have 38 more payments at $ 834.46." 

    If that is the CAP cost, then I get $750/mo.. not $834.

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  • Nueva_TeslaNueva_Tesla Member Posts: 11
    Wow, the $84 difference is huge. Back to the drawing board. Thank you @kyfdx
  • Nueva_TeslaNueva_Tesla Member Posts: 11
    @kyfdx can you please review for me:

    2016 Suburban LT

    36 month term
    12,000 miles/year
    $2,000 total OOP
    $800/mo payment
    or $0 OOP $870/mo

    MSRP: $66,960
    Selling Price: $59,723.05 (Includes Costco program and Lease conquest)
    Residual: 59%
    Buyout: $39,524

    Money Factor 4.08%
  • kyfdxkyfdx Moderator Posts: 187,348
    milfedout said:

    @kyfdx can you please review for me:

    2016 Suburban LT

    36 month term
    12,000 miles/year
    $2,000 total OOP
    $800/mo payment
    or $0 OOP $870/mo

    MSRP: $66,960
    Selling Price: $59,723.05 (Includes Costco program and Lease conquest)
    Residual: 59%
    Buyout: $39,524

    Money Factor 4.08%

    The calculations look very close..

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  • 123ablack123ablack Member Posts: 67
    what would be the RV and MF for the following:

    2016 Suburban 4WD LTZ Lease 39/12 Ally or GM Financial
    2016 Suburban 4WD LTZ Lease 39/10 Ally or GM Financial

    Thanks!
  • kyfdxkyfdx Moderator Posts: 187,348
    123ablack said:

    what would be the RV and MF for the following:

    2016 Suburban 4WD LTZ Lease 39/12 Ally or GM Financial
    2016 Suburban 4WD LTZ Lease 39/10 Ally or GM Financial

    Thanks!

    .00170 MF and 57%/58% residual. (GM Financial)

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  • Nueva_TeslaNueva_Tesla Member Posts: 11
    kyfdx said:
    @kyfdx can you please review for me: 2016 Suburban LT 36 month term 12,000 miles/year $2,000 total OOP $800/mo payment or $0 OOP $870/mo MSRP: $66,960 Selling Price: $59,723.05 (Includes Costco program and Lease conquest) Residual: 59% Buyout: $39,524 Money Factor 4.08%
    The calculations look very close..
    Thanks for your help @kyfdx got to $805/mo 39 months all taxes & fees rolled in, $0 drive off.
  • kyfdxkyfdx Moderator Posts: 187,348
    Congrats! Looks great!

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  • 123ablack123ablack Member Posts: 67
    What are the December numbers for "2016 Suburban 4WD LTZ Lease 39/12" Ally or GM Financial?

    Thanks!

  • kyfdxkyfdx Moderator Posts: 187,348
    123ablack said:

    What are the December numbers for "2016 Suburban 4WD LTZ Lease 39/12" Ally or GM Financial?

    Thanks!

    .00170 MF and 57% residual through GM Financial.

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  • es5653es5653 Member Posts: 26
    Current MF and residual for 2016 Suburban LT 4x4, 36-39mo 10-12kmi per year, 51534 zip code, please, Thanks!
  • kyfdxkyfdx Moderator Posts: 187,348
    es5653 said:

    Current MF and residual for 2016 Suburban LT 4x4, 36-39mo 10-12kmi per year, 51534 zip code, please, Thanks!

    12K/yr. Add 1% for 10K/yr.

    .00149 MF and 58%/56% residual for 36/39 months. $340 lease cash

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  • jb2ujb2u Member Posts: 14
    Appreciate current MF and Residual for 2016 Suburban LTZ 4WD @ 39m/12k in NJ, Thanks!
  • MichaellMichaell ColoradoModerator Posts: 182,312
    jb2u said:

    Appreciate current MF and Residual for 2016 Suburban LTZ 4WD @ 39m/12k in NJ, Thanks!

    .00149 and 56%

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  • canefan1canefan1 Member Posts: 2
    Help looking for Purchase cost of 2016 Suburban LTZ no other add ons. Whats a fair purchase price and OOP, I love in Fort Lauderdale FL
  • drivingmamadrivingmama Member Posts: 15
    Can someone please provide me with the money factor and residual for a 2016 LTZ for 15k and 20k miles? Thanks!! One dealer is quoting me on a 48 month lease. I'm wondering who is providing that deal... anyone have a guess? The dealer hasn't written back. It looks like most of the other deals here are 39 months.
  • kyfdxkyfdx Moderator Posts: 187,348

    Can someone please provide me with the money factor and residual for a 2016 LTZ for 15k and 20k miles? Thanks!! One dealer is quoting me on a 48 month lease. I'm wondering who is providing that deal... anyone have a guess? The dealer hasn't written back. It looks like most of the other deals here are 39 months.

    .00149 MF and 56%/53% residual for 36 months.

    Subtract 2% for 39 months.

    48 months:
    .00164 MF and 47%/44% residual.

    All numbers are GM Financial.

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  • es5653es5653 Member Posts: 26
    Are the April numbers available? 16 LTZ 4x4, 39/10, 51534 zip code. Thanks!
  • kyfdxkyfdx Moderator Posts: 187,348
    es5653 said:

    Are the April numbers available? 16 LTZ 4x4, 39/10, 51534 zip code. Thanks!

    .00149 MF and 57% residual

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  • jlnet27jlnet27 Member Posts: 3
    Are the May number available? 16 4wd LT 39m/12k in NY. Any rebates, Conquest, etc?

    Much appreciated
  • kyfdxkyfdx Moderator Posts: 187,348
    jlnet27 said:

    Are the May number available? 16 4wd LT 39m/12k in NY. Any rebates, Conquest, etc?

    Much appreciated

    .00155 MF and 58% residual.

    We don't have the info on incentives.

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  • drewpark21drewpark21 Member Posts: 42
    Hi!

    I'm interested in leasing a LTZ 4x4 with 15K miles / 36 months?

    What is the money factor and residual?

    The dealership I contacted said it was 56%.
  • MichaellMichaell ColoradoModerator Posts: 182,312

    Hi!

    I'm interested in leasing a LTZ 4x4 with 15K miles / 36 months?

    What is the money factor and residual?

    The dealership I contacted said it was 56%.

    .00155 and 56% for 36/15

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  • milt7696milt7696 Member Posts: 13
    Hi!

    I'm interested in leasing a 2016 LTZ 4x4 with 15K miles / 36 or 39 months?

    What is the money factor and residual for June 2016?
    Thanks!
  • kyfdxkyfdx Moderator Posts: 187,348
    milt7696 said:

    Hi!

    I'm interested in leasing a 2016 LTZ 4x4 with 15K miles / 36 or 39 months?

    What is the money factor and residual for June 2016?
    Thanks!

    3.72% APR and 56%/54% residual

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  • dandandan1dandandan1 Member Posts: 6
    Hi. What is residual value on suburban lt with luxury for 36/12 and 48/12 ? msrp 63000 sales price 58800. How much monthly be? Im in salt lale city utah
  • MichaellMichaell ColoradoModerator Posts: 182,312

    Hi. What is residual value on suburban lt with luxury for 36/12 and 48/12 ? msrp 63000 sales price 58800. How much monthly be? Im in salt lale city utah

    36/12 - .00155 and 60%. Payment of $733/mo before tax.

    48/12 - .00170 and 53%. Payment of $686/mo before tax.

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  • dandandan1dandandan1 Member Posts: 6
    I am also looking at GM factory pre owned collection, do you have an idea how they determin residual and money factors?
  • MichaellMichaell ColoradoModerator Posts: 182,312

    I am also looking at GM factory pre owned collection, do you have an idea how they determin residual and money factors?

    We don't have any information on the GM CPO lease program.

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  • dandandan1dandandan1 Member Posts: 6
    edited June 2016
    Thanks Michaell!! I got black suburban LT 4x4 with luxury, sun&entertainment, z71 package!
    Msrp $67000, 48mo/12k, $690 drive off, $690/mo!! Got supplier discount, dealer discount, gm bonus tag discount!
  • MichaellMichaell ColoradoModerator Posts: 182,312

    Thanks Michaell!! I got black suburban LT 4x4 with luxury, sun&entertainment, z71 package!
    Msrp $67000, 48mo/12k, $690 drive off, $690/mo!! Got supplier discount, dealer discount, gm bonus tag discount!

    Awesome! Congrats on the new Suburban.

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  • torrance16torrance16 Member Posts: 3
    This is an amazing forum - so helpful! I'm looking at pulling the trigger on a Suburban LTZ 36/12 and I want to confirm the money factor and residual. This in PA if it makes a difference.
  • kyfdxkyfdx Moderator Posts: 187,348

    This is an amazing forum - so helpful! I'm looking at pulling the trigger on a Suburban LTZ 36/12 and I want to confirm the money factor and residual. This in PA if it makes a difference.

    .00155 MF and 58% residual

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  • torrance16torrance16 Member Posts: 3
    Fantastic - thank you! So by my calculation, sub-$900 per month with no money out of pocket at signing would be a nice deal on a 36/12 on a well-equipped (S&E, adaptive cruise, etc.) LTZ, factoring in our 9% tax rate.
  • MichaellMichaell ColoradoModerator Posts: 182,312

    Fantastic - thank you! So by my calculation, sub-$900 per month with no money out of pocket at signing would be a nice deal on a 36/12 on a well-equipped (S&E, adaptive cruise, etc.) LTZ, factoring in our 9% tax rate.

    Would need to know the MSRP and adjusted capitalized cost in order to figure a payment.

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  • torrance16torrance16 Member Posts: 3
    MSRP around ~$75K cap cost $66500 (maybe less) wasn't given firm numbers but when I plug the options into the Chevy website I get $75,680 MSRP. With bonus cash, supplier discount, conquest I guess it comes down quite a bit. Do you know what incentives they might be applying? Is there anything available this motnh that I'm not familiar with (that I should be asking for)?
  • kyfdxkyfdx Moderator Posts: 187,348

    MSRP around ~$75K cap cost $66500 (maybe less) wasn't given firm numbers but when I plug the options into the Chevy website I get $75,680 MSRP. With bonus cash, supplier discount, conquest I guess it comes down quite a bit. Do you know what incentives they might be applying? Is there anything available this motnh that I'm not familiar with (that I should be asking for)?

    Many incentives may not be compatible with the lease program. Though, some should be.

    At $75K MSRP and $66.5K CAP cost, I get $809/mo.+tax

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  • ryan_mulsryan_muls Member Posts: 5
    looking for an estimate on a monthly lease payment for:

    2016 Suburban 4WD LT

    MSRP: $63,040
    Sale price: $59,340
    NY Tax 8.375%
    Miles per year: 10k
    36 months
    $0 out of pocket
    or
    $2,000 out of pocket
    thank you
  • kyfdxkyfdx Moderator Posts: 187,348
    ryan_muls said:

    looking for an estimate on a monthly lease payment for:

    2016 Suburban 4WD LT

    MSRP: $63,040
    Sale price: $59,340
    NY Tax 8.375%
    Miles per year: 10k
    36 months
    $0 out of pocket
    or
    $2,000 out of pocket
    thank you

    .00155 MF and 61% residual.

    $732/mo., if the sale price is the CAP cost.

    $2200 tax (approx)
    acquisition fee
    1st payment
    DMV
    All due at signing.

    Roll in the $2200 tax, and the payment is $796/mo.

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  • ryan_mulsryan_muls Member Posts: 5
    thank you. great service you provide
  • hockeybro36hockeybro36 Member Posts: 1
    looking for an estimate for a lease payment Suburban LT with luxury, sun, & entertainment package, approx 67k MSRP, let's assume sale price of 61,000 for 39mo lease for 18k miles per year and 20k miles per year. What is residual and money factor etc as well. in NJ. Also what is your guess as to tax, title, etc due at signing and lease payment if that is rolled in. Lastly assume that is rolled in and then subtract out or put down 6k for a trade in. thanks
  • xeonman13xeonman13 Member Posts: 13
    edited June 2016
    Need help with a deal I have going on. A little complex.

    2016 Chevrolet Tahoe LT
    Only upgrade is
    Captains Chairs in Row 2
    and 22" Wheel Upgrade ($3995)

    MSRP With wheel upgrade is $64K

    Cap Cost: $53K
    39 Months
    12,000 Miles
    Rolling in all taxes & 3K in negative equity on trade

    0 Out of pocket
    $839 a month (including tax)

    How does this look?
    They started at $940 a month.
    I walked out they never called me back.
    I went in again got it to $800 but at finance desk they said there is no way to make it work so I left. 2 days later I called a sales manager and he says they are making $100 on the car (lies).

    Also I am in georgia so tax is based on entire vehicle value.



  • MichaellMichaell ColoradoModerator Posts: 182,312

    looking for an estimate for a lease payment Suburban LT with luxury, sun, & entertainment package, approx 67k MSRP, let's assume sale price of 61,000 for 39mo lease for 18k miles per year and 20k miles per year. What is residual and money factor etc as well. in NJ. Also what is your guess as to tax, title, etc due at signing and lease payment if that is rolled in. Lastly assume that is rolled in and then subtract out or put down 6k for a trade in. thanks

    The 36/15 lease numbers are .00155 and 56%; extra miles are deducted at .20 per, so a total of either $1950 or $3250 deducted from the 15K residual.

    $67,000 * .56 = $37,520

    NJ taxes the sum of the payments; the 36/15 payment is about $755/mo (add $50 or $65) to the payment if 18K or 20K miles per year. If the tax rate is 7%, the 15K tax bill works out to $2061. Acquisition fee is $595; don't know the DMV costs or dealer fee.

    Lastly, you only want to use the trade equity for the up front costs, not as a cap reduction.

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  • MichaellMichaell ColoradoModerator Posts: 182,312
    xeonman13 said:

    Need help with a deal I have going on. A little complex.

    2016 Chevrolet Tahoe LT
    Only upgrade is
    Captains Chairs in Row 2
    and 22" Wheel Upgrade ($3995)

    MSRP With wheel upgrade is $64K

    Cap Cost: $53K
    39 Months
    12,000 Miles
    Rolling in all taxes & 3K in negative equity on trade

    0 Out of pocket
    $839 a month (including tax)

    How does this look?
    They started at $940 a month.
    I walked out they never called me back.
    I went in again got it to $800 but at finance desk they said there is no way to make it work so I left. 2 days later I called a sales manager and he says they are making $100 on the car (lies).

    Also I am in georgia so tax is based on entire vehicle value.

    The Tahoe lease discussion can be found here:

    http://forums.edmunds.com/discussion/38517/chevrolet/tahoe/2016-chevrolet-tahoe-lease-questions#latest

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  • gravackgravack Member Posts: 1
    Hello there, I was wondering if you had the residual and MF for the following:

    2016 Suburban LT
    2016 Suburban LTZ

    48/10k for both
    Massachusetts
  • kyfdxkyfdx Moderator Posts: 187,348
    gravack said:

    Hello there, I was wondering if you had the residual and MF for the following:

    2016 Suburban LT
    2016 Suburban LTZ

    48/10k for both
    Massachusetts

    We haven't acquired the July numbers, yet. Hopefully, next week.

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  • m1000m1000 Member Posts: 20
    Could you please clarify the June numbers. On a Suburban LT for a 39 month/12k miles the money factor was .00155, but was the residual 58% or 61%. Also what was the MF and residual for 48/12K? Thanks you
  • MichaellMichaell ColoradoModerator Posts: 182,312
    m1000 said:

    Could you please clarify the June numbers. On a Suburban LT for a 39 month/12k miles the money factor was .00155, but was the residual 58% or 61%. Also what was the MF and residual for 48/12K? Thanks you

    39/12 - .00155 and 58%

    48/12 - .00170 and 53%

    Why do you ask? These numbers have expired.

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