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2016 Chevrolet Equinox Lease Questions

kyfdxkyfdx Posts: 128,195
edited December 2015 in Chevrolet
Ask your 2016 Equinox lease questions here!

Did you get a good deal? Be sure to come back and share!

Edmunds Moderator

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Comments

  • chaderinochaderino Posts: 10
    edited January 2016
    hi there. what is the money factor and residual in Ohio for an LT AWD for 36/12 and 36/15? Any lease cash available or similar?

    Thanks in advance!
  • MichaellMichaell ColoradoPosts: 121,674
    chaderino said:

    hi there. what is the money factor and residual in Ohio for an LT AWD for 36/12 and 36/15? Any lease cash available or similar?

    Thanks in advance!

    .00075 and 57% for 36/12. $1300 lease cash.

    Add 2% for 12K

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • chaderinochaderino Posts: 10
    edited January 2016
    Michaell said:

    chaderino said:

    hi there. what is the money factor and residual in Ohio for an LT AWD for 36/12 and 36/15? Any lease cash available or similar?

    Thanks in advance!

    .00075 and 57% for 36/12. $1300 lease cash.

    Add 2% for 12K

    Thank you! Just scored a great lease using this info. $283/month with $1000 down for 36/15 which included first payment. There was $4050 in rebates I was able to tack on along with getting the sticker price down before the rebates. MSRP was $33,050. Thanks again!
  • kyfdxkyfdx Posts: 128,195
    chaderino said:

    Michaell said:

    chaderino said:

    hi there. what is the money factor and residual in Ohio for an LT AWD for 36/12 and 36/15? Any lease cash available or similar?

    Thanks in advance!

    .00075 and 57% for 36/12. $1300 lease cash.

    Add 2% for 12K

    Thank you! Just scored a great lease using this info. $283/month with $1000 down for 36/15 which included first payment. There was $4050 in rebates I was able to tack on along with getting the sticker price down before the rebates. MSRP was $33,050. Thanks again!
    Congrats!

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • I leased a 2016 Equinox LT AWD with convenience package and the V6 (MSRP of $32,820) in NJ for $239 a month with 0 down (except for taxes and fees that added up to $1405) for 24/10 on the 31st. Pretty thrilled with it considering it is my first lease
  • MichaellMichaell ColoradoPosts: 121,674

    I leased a 2016 Equinox LT AWD with convenience package and the V6 (MSRP of $32,820) in NJ for $239 a month with 0 down (except for taxes and fees that added up to $1405) for 24/10 on the 31st. Pretty thrilled with it considering it is my first lease

    Looks like a solid deal ... congrats and enjoy the new Chevy!

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jrod13jrod13 Posts: 36
    Please provide the mf, any rebates, residual on a 24/15 lease LT AWD model. Thanks
  • kyfdxkyfdx Posts: 128,195
    jrod13 said:

    Please provide the mf, any rebates, residual on a 24/15 lease LT AWD model. Thanks

    .00070 MF and 67% residual. $1300 lease cash.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Im in NY working on a lease for my brother in Chicago,Illinois. MSRP on vehicle is around 30,250. I have the GM employee family discount. IIm being told money factor is .00075, residual is 59%, and their are three rebates/cash available 1300 lease cash, 500 loyalty,and 750 Gm Lease Program- is that accurate? someone mentoned another 500 somewhere- also Taxes on this does not appear right- in the disclosure under capitalized costs ,there are taxes listed for " tax on cap cost reduction" and then sales tax( 162.10 + 1049.71)...then at the bottom says Sales tax on monthly payment (28.38)...I have leased in NY before, but this one is first in Illinois- which i have heard has a different tax structure...any help appreciated! thanks Buffalo Bob
  • kyfdxkyfdx Posts: 128,195
    bobbflo said:

    Im in NY working on a lease for my brother in Chicago,Illinois. MSRP on vehicle is around 30,250. I have the GM employee family discount. IIm being told money factor is .00075, residual is 59%, and their are three rebates/cash available 1300 lease cash, 500 loyalty,and 750 Gm Lease Program- is that accurate? someone mentoned another 500 somewhere- also Taxes on this does not appear right- in the disclosure under capitalized costs ,there are taxes listed for " tax on cap cost reduction" and then sales tax( 162.10 + 1049.71)...then at the bottom says Sales tax on monthly payment (28.38)...I have leased in NY before, but this one is first in Illinois- which i have heard has a different tax structure...any help appreciated! thanks Buffalo Bob

    If it's an LT and the term is 36/12, then the MF, residual and lease cash is correct. We have no information on the other incentives.

    The rebates are taxable.. that's where the CCR tax is coming from.
    If he is actually in Chicago, the state sales tax is calculated on the sum of payments and collected upfront (or, rolled into the CAP), plus the city of Chicago further taxes the monthly payment (and collects it monthly).

    If in the city, the total tax rate is effectively 17%-19%.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you for the very quick and helpful information! Very much appreciated
  • I live in Buffalo, NY. Looking for the residual value percentage for
    36/15K on 2016 equinox LT1
    and the money factor
    Thank you
  • kyfdxkyfdx Posts: 128,195
    jann129 said:

    I live in Buffalo, NY. Looking for the residual value percentage for
    36/15K on 2016 equinox LT1
    and the money factor
    Thank you

    .00075 MF and 57% residual. $1300 lease cash

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MannyHMMannyHM New yorkPosts: 40
    Can you provide lease cash, money factor and residual for 2016 1LT 12k 24 month lease. Thanks.
  • kyfdxkyfdx Posts: 128,195
    MannyHM said:

    Can you provide lease cash, money factor and residual for 2016 1LT 12k 24 month lease. Thanks.

    .00070 MF and 69% residual. $1300 lease cash.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MannyHMMannyHM New yorkPosts: 40
    kyfdx said:

    MannyHM said:

    Can you provide lease cash, money factor and residual for 2016 1LT 12k 24 month lease. Thanks.

    .00070 MF and 69% residual. $1300 lease cash.
    Do the numbers change if the model is a FWD LTZ, all else being equal?
  • MichaellMichaell ColoradoPosts: 121,674
    MannyHM said:

    kyfdx said:

    MannyHM said:

    Can you provide lease cash, money factor and residual for 2016 1LT 12k 24 month lease. Thanks.

    .00070 MF and 69% residual. $1300 lease cash.
    Do the numbers change if the model is a FWD LTZ, all else being equal?
    No.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • arn1925arn1925 Posts: 6
    Can you provide current lease cash, money factor and residual for 2016 Equinox LT 12k/15k 24 month lease. This would be in Tennessee. Thanks
  • MichaellMichaell ColoradoPosts: 121,674
    arn1925 said:

    Can you provide current lease cash, money factor and residual for 2016 Equinox LT 12k/15k 24 month lease. This would be in Tennessee. Thanks

    .00070 and 67% for 24/15. Add 1% for 12K. $940 lease cash.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sandy_16sandy_16 Posts: 2
    edited March 2016
    I am offered a 39-mo lease on 2016 Equinox LS for 280/mo + 1,500 all-in cash (includes first month payment). 10k miles/year. Dealer is saying deal is only good through 3/31. I am in second to last month of my current 39-mo lease with the same dealer. Trying to figure out if this is a fair deal. This is in south Florida. Any feedback would be greatly appreciated. Thanks
  • kyfdxkyfdx Posts: 128,195
    sandy_16 said:

    I am offered a 39-mo lease on 2016 Equinox LS for 280/mo + 1,500 all-in cash (includes first month payment). 10k miles/year. Dealer is saying deal is only good through 3/31. I am in second to last month of my current 39-mo lease with the same dealer. Trying to figure out if this is a fair deal. This is in south Florida. Any feedback would be greatly appreciated. Thanks

    What is the MSRP and CAP cost?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pbenson1pbenson1 Posts: 15
    edited March 2016
    Please provide residual and MF for a 2016 Equinox LTZ 10k & 12k miles over 39 months (assuming that's the sweet spot duration). Any additional info you have on lease cash available would be great. Ohio. Thank you!
  • MichaellMichaell ColoradoPosts: 121,674
    pbenson1 said:

    Please provide residual and MF for a 2016 Equinox LTZ 10k & 12k miles over 39 months (assuming that's the sweet spot duration). Any additional info you have on lease cash available would be great. Ohio. Thank you!

    .00075 and 58% / 57% for 39/12 and 39/10. $940 lease cash.

    Add 2% for 36 month terms.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • sandy_16sandy_16 Posts: 2
    kyfdx:

    MSRP 26,640, cap cost 25,900 and additional 1,900 in rebates
  • kyfdxkyfdx Posts: 128,195
    sandy_16 said:

    kyfdx:

    MSRP 26,640, cap cost 25,900 and additional 1,900 in rebates

    I get $299/mo.+ tax with that CAP cost for 39/10.

    $249/mo.+tax, with another $1900 off.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 132nick132nick Posts: 32
    What's are the numbers for an Equinox LT 24/10 & 24/12 in South Florida?
  • MichaellMichaell ColoradoPosts: 121,674
    132nick said:

    What's are the numbers for an Equinox LT 24/10 & 24/12 in South Florida?

    .00070 and 68% for 24/12. Add 1% for 10k

    $940 lease cash.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pbenson1pbenson1 Posts: 15
    I have an offer for an LTZ trim MSRP 34,560 selling price 33,177. The write-up shows 750 bonus cash and 750 rebate. Ohio dealership.

    36 month, 12k miles a year= $360 payment.

    Is this in the ballpark? Not trying to land the best deal ever recorded, just want a fair deal. I would imagine the selling price on this is still too high, but not sure if these vehicles are going for above/at/below invoice.
  • kyfdxkyfdx Posts: 128,195
    pbenson1 said:

    I have an offer for an LTZ trim MSRP 34,560 selling price 33,177. The write-up shows 750 bonus cash and 750 rebate. Ohio dealership.

    36 month, 12k miles a year= $360 payment.

    Is this in the ballpark? Not trying to land the best deal ever recorded, just want a fair deal. I would imagine the selling price on this is still too high, but not sure if these vehicles are going for above/at/below invoice.

    .00075 MF and 57% residual. $940 lease cash.

    How much is due at signing? Does the payment include tax?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • vigi999vigi999 Posts: 2
    I want to lease an Equinox 2016. I am in Staten Island, saw a 2016 Equinox LT, msrp = 28745 after all rebates price is 24000. The money factor is .00075. I am Tier 1 credit. Lease is for 39 months for $270/month. No money down, only paying DMV fees. Is this good?
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