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2016 Chevrolet Cruze Lease Questions

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  • cellicecellice Member Posts: 53
    2016 Chevy Cruze Premier Automatic Money factor and residual value for 36 months 15,000 a year in Maryland
  • MichaellMichaell Moderator Posts: 262,624
    cellice said:

    2016 Chevy Cruze Premier Automatic Money factor and residual value for 36 months 15,000 a year in Maryland

    .00060 and 56%. $1530 lease cash.

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  • rkarkramprkarkramp Member Posts: 25
    Do you know the residual and MF for 2016 Chevy Cruze LT1 for 24/10k in CT? Also what are the current incentives and rebates?
  • MichaellMichaell Moderator Posts: 262,624
    4kooks said:

    Do you know the residual and MF for 2016 Chevy Cruze LT1 for 24/10k in CT? Also what are the current incentives and rebates?

    .00055 and 67%. $1530 lease cash

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  • lisa_realisa_rea Member Posts: 4
    Please give me the MF and residual for a 2016 Chevrolet Cruze for 2 years and 10,000 miles in Cleveland, OH
  • MichaellMichaell Moderator Posts: 262,624
    lisa_rea said:

    Please give me the MF and residual for a 2016 Chevrolet Cruze for 2 years and 10,000 miles in Cleveland, OH

    We don't yet have the GM numbers for July. Perhaps later this week...

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  • canadian123canadian123 Member Posts: 5
    Are the July numbers available yet? When I price one on shopclickdrive.com it still shows $1530 lease cash.

    Looking for MF, residual, and incentives for 24/10k and 36/10k on the Cruze LT Automatic in Missouri.
  • kyfdxkyfdx Moderator Posts: 266,064

    Are the July numbers available yet? When I price one on shopclickdrive.com it still shows $1530 lease cash.

    Looking for MF, residual, and incentives for 24/10k and 36/10k on the Cruze LT Automatic in Missouri.

    .00055 MF and 67% residual
    .00060 MF and 59% residual

    $1530 lease cash

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  • lisa_realisa_rea Member Posts: 4
    Please give me the MF and residual for a 2016 Chevrolet Cruze for 2 years and 10,000 miles in Cleveland, OH
  • kyfdxkyfdx Moderator Posts: 266,064
    lisa_rea said:

    Please give me the MF and residual for a 2016 Chevrolet Cruze for 2 years and 10,000 miles in Cleveland, OH

    .00055 MF and 67% residual.

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  • rkarkramprkarkramp Member Posts: 25
    Hi Michaell, can you evaluate this deal please? 2016 Chevy Cruze LT with convenience pkg. $23,145 msrp
    $18,715 adjusted sales price (included discount and rebates of $3030.
    doc fee $493.78
    reg $185
    acquisition fee $595

    all fees rolled in to lease 24mos/10K, $2000 down
    $165.00 month (this includes tax, we are in CT)

    When I calculate myself I get $129.55 including taxes with $2,000 down. Can you clarify anything for me before I finalize this deal? Thank you so much.
  • MichaellMichaell Moderator Posts: 262,624
    4kooks said:

    Hi Michaell, can you evaluate this deal please? 2016 Chevy Cruze LT with convenience pkg. $23,145 msrp
    $18,715 adjusted sales price (included discount and rebates of $3030.
    doc fee $493.78
    reg $185
    acquisition fee $595

    all fees rolled in to lease 24mos/10K, $2000 down
    $165.00 month (this includes tax, we are in CT)

    When I calculate myself I get $129.55 including taxes with $2,000 down. Can you clarify anything for me before I finalize this deal? Thank you so much.

    .00055 and 67% for 24/10.

    Using your MSRP and adjusted sales price, I get $152.48/mo before tax; if the tax rate is 6.35%, then the final payment is $162.17. Pretty close to the quote.

    I would ask for a full accounting of the $2000 due at signing, and the adjusted capitalized cost.

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  • williamgal1williamgal1 Member Posts: 8
    Hi Michaell,

    For Chevy Cruze Limited LS Auto in Southern California

    MSRP: $19845
    Sale Price: $17516
    Sales Tax: 10%(max)
    Average DMV Fee: $244
    Doc Fee: $80(capped)

    Incentives:
    Conquest Bonus #1 - $1500 (leasing non-GM car)
    Conquest Bonus #2 - $500 (leasing non-GM car)
    Leasing Bonus - $2925 (leasing through GM Financial)

    The dealer quoted me MF 0.00086 Residual 54% for 36mon@10k

    I was wondering the MF and Residual for 24months @ 10k 12k and 15k
    How much would the monthly payment be for those three with GM One-Pay Lease and GM Aquisition Fee Waiver?

    Also, does factory rebate for retail purchase applies to leased cars?

    Many thanks in advance.

    Regards,
    William
  • kyfdxkyfdx Moderator Posts: 266,064

    Hi Michaell,

    For Chevy Cruze Limited LS Auto in Southern California

    MSRP: $19845
    Sale Price: $17516
    Sales Tax: 10%(max)
    Average DMV Fee: $244
    Doc Fee: $80(capped)

    Incentives:
    Conquest Bonus #1 - $1500 (leasing non-GM car)
    Conquest Bonus #2 - $500 (leasing non-GM car)
    Leasing Bonus - $2925 (leasing through GM Financial)

    The dealer quoted me MF 0.00086 Residual 54% for 36mon@10k

    I was wondering the MF and Residual for 24months @ 10k 12k and 15k
    How much would the monthly payment be for those three with GM One-Pay Lease and GM Aquisition Fee Waiver?

    Also, does factory rebate for retail purchase applies to leased cars?

    Many thanks in advance.

    Regards,
    William

    Our numbers don't agree with that, at all.
    .00060 MF and 59% residual for 36/10.
    .00055 MF and 67%/66%/65% residual for 24 months.

    We don't have info on the one-pay lease or acquisition fee waiver.
    We also don't have the incentive information, or how it might apply.

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  • williamgal1williamgal1 Member Posts: 8
    The dealer quoted me MF 0.00130 and Residual 58% for 24 months @12k

    How can I come about to make him give me the 0.00055MF and 66% Residual Value?
  • MichaellMichaell Moderator Posts: 262,624

    The dealer quoted me MF 0.00130 and Residual 58% for 24 months @12k

    How can I come about to make him give me the 0.00055MF and 66% Residual Value?

    You politely tell him that you will not sign any lease deal if the money factor has been marked up. Then, reach out to other dealers. The competition will only get you a better deal.

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  • williamgal1williamgal1 Member Posts: 8
    I found the GM Dealer Financial Workbook effective on July 1, 2016 with these residual values. Are they accurate?


    12.PNG 27.9K
  • MichaellMichaell Moderator Posts: 262,624

    I found the GM Dealer Financial Workbook effective on July 1, 2016 with these residual values. Are they accurate?


    Those are correct.

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  • williamgal1williamgal1 Member Posts: 8
    How does the 24months@12k 66% residual come about then? Many thanks in advance :)
  • MichaellMichaell Moderator Posts: 262,624

    How does the 24months@12k 66% residual come about then? Many thanks in advance :)

    That's for the new Cruze - these are the "Limited" numbers. The old body style.

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  • williamgal1williamgal1 Member Posts: 8
    Oh Okay.

    Does lease incentive apply to Prior Dealer Rentals(<7500 miles)?

    Many thanks in advance! Appreciated your help!
  • williamgal1williamgal1 Member Posts: 8
    *it is sold as "New"
  • MichaellMichaell Moderator Posts: 262,624

    Oh Okay.

    Does lease incentive apply to Prior Dealer Rentals(<7500 miles)?

    Many thanks in advance! Appreciated your help!</p>

    *it is sold as "New"

    If the car has not been titled, then it is eligible for the new car lease terms and incentives.

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  • b56novab56nova Member Posts: 5
    Hi, can you please provide residual and money factor for 2016 Cruze Premier 36 months, 12k miles, Los Angeles area.
  • MichaellMichaell Moderator Posts: 262,624
    b56nova said:

    Hi, can you please provide residual and money factor for 2016 Cruze Premier 36 months, 12k miles, Los Angeles area.

    .00060 and 58%

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  • cnote2cnote2 Member Posts: 152
    New body style 2016 cruze lt w/rs for 36/39m and 12k miles in PA. Any lease cash etc?
  • MichaellMichaell Moderator Posts: 262,624
    cnote2 said:

    New body style 2016 cruze lt w/rs for 36/39m and 12k miles in PA. Any lease cash etc?

    36/12 - .00060 and 58%. $1530 lease cash.

    Subtract 2% for 39/12

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  • MannyHMMannyHM Member Posts: 82
    Can you please provide MF, residual and lease cash for 2016 Chevrolet Cruze 1LT? I'm looking for 12k miles per year and either 24 or 36 months. Thanks.
  • kyfdxkyfdx Moderator Posts: 266,064
    MannyHM said:

    Can you please provide MF, residual and lease cash for 2016 Chevrolet Cruze 1LT? I'm looking for 12k miles per year and either 24 or 36 months. Thanks.

    .00055 MF and 66% residual
    .00060 MF and 58% residual

    $1430 lease cash.

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  • user9024user9024 Member Posts: 11
    What is the residual / MF in September for a premier for 12k/15k at 24/36... How do these vary across trim level? Thanks!
  • kyfdxkyfdx Moderator Posts: 266,064
    user9024 said:

    What is the residual / MF in September for a premier for 12k/15k at 24/36... How do these vary across trim level? Thanks!

    .00055 MF and 66%/65% residual
    .00060 MF and 58%/56% residual
    $1430 lease cash

    All premier models have the same program.

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  • scottsolscottsol Member Posts: 5
    How does this lease deal seem for a 2016 Cruze Premier in Los Angeles? 36 months/10k miles.

    Lease Option
    MSRP: $ 28,780.00
    Selling Price: $ 26,780.00
    Lease Rebates $2,430.00
    Drive Off: $0.00
    Monthly Payment: $270.20 plus tax per month
  • MichaellMichaell Moderator Posts: 262,624
    scottsol said:

    How does this lease deal seem for a 2016 Cruze Premier in Los Angeles? 36 months/10k miles.

    Lease Option
    MSRP: $ 28,780.00
    Selling Price: $ 26,780.00
    Lease Rebates $2,430.00
    Drive Off: $0.00
    Monthly Payment: $270.20 plus tax per month

    .00060 and 59% for 36/10.

    What is the adjusted cap cost? Using your selling price, I get $298/mo before tax. If I subtract the rebates out, the pre-tax payment drops to $230/mo before tax.

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  • steverstever Guest Posts: 52,454
    A reporter is working on a story about car shoppers who are only interested in buying cars that are made in the USA. If you're one of these shoppers, and you'd like to talk about your experience shopping for American-made vehicles, please reach out to PR @edmunds.com by no later than Thursday, September 15, 2016.
  • carpersocarperso Member Posts: 148
    Looking for MF, Res and incentives for 24/10 Lease.
    TIA
  • MichaellMichaell Moderator Posts: 262,624
    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?

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  • carpersocarperso Member Posts: 148
    LT
  • carpersocarperso Member Posts: 148
    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
  • MichaellMichaell Moderator Posts: 262,624
    carperso said:

    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
    .00055 and 67%. $1430 lease cash.

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  • carpersocarperso Member Posts: 148
    Michaell said:

    carperso said:

    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
    .00055 and 67%. $1430 lease cash.
    Thank you Michael.
  • carpersocarperso Member Posts: 148
    carperso said:

    Michaell said:

    carperso said:

    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
    .00055 and 67%. $1430 lease cash.
    Thank you Michael.
    Michaell said:

    carperso said:

    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
    .00055 and 67%. $1430 lease cash.
    Is there any loyalty/conquest for leasees? I know there is a $500 Farm bureau.
    How much is the college grad rebate?
  • kyfdxkyfdx Moderator Posts: 266,064
    carperso said:

    carperso said:

    Michaell said:

    carperso said:

    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
    .00055 and 67%. $1430 lease cash.
    Thank you Michael.
    Michaell said:

    carperso said:

    Michaell said:

    carperso said:

    Looking for MF, Res and incentives for 24/10 Lease.
    TIA

    What trim level?
    LT
    .00055 and 67%. $1430 lease cash.
    Is there any loyalty/conquest for leasees? I know there is a $500 Farm bureau.
    How much is the college grad rebate?
    We don't have that info.

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  • kdanilson1kdanilson1 Member Posts: 1
    Looking to do a 36 month 12,000/yr lease a 2016 Cruze LT in Iowa. What MF and residual value should I expect. Thanks
  • MichaellMichaell Moderator Posts: 262,624

    Looking to do a 36 month 12,000/yr lease a 2016 Cruze LT in Iowa. What MF and residual value should I expect. Thanks

    Looking to do a 36 month 12,000/yr lease a 2016 Cruze LT in Iowa. What MF and residual value should I expect. Thanks

    .00060 and 58%

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  • scottsolscottsol Member Posts: 5
    What is the residual and MF in Beaverton, OR, for a 2016 Premier, 36 months/10k miles?

    Any incentives? Thanks.
  • kyfdxkyfdx Moderator Posts: 266,064
    scottsol said:

    What is the residual and MF in Beaverton, OR, for a 2016 Premier, 36 months/10k miles?

    Any incentives? Thanks.

    .00060 MF and 59% residual
    $1430 lease cash

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  • user9024user9024 Member Posts: 11
    What are the Res/mfs in Oct for 24/36/39 at 15K?... thanks
  • kyfdxkyfdx Moderator Posts: 266,064
    user9024 said:

    What are the Res/mfs in Oct for 24/36/39 at 15K?... thanks

    Which Cruze model?

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  • user9024user9024 Member Posts: 11
    kyfdx said:
    What are the Res/mfs in Oct for 24/36/39 at 15K?... thanks
    Which Cruze model?
    Premier... how much does it vary across the different models?   Thanks 
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