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2016 Chevrolet Colorado Lease Questions

kyfdxkyfdx Posts: 107,577
edited January 2016 in Chevrolet
Ask your 2016 Colorado lease questions here!

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

Edmunds Moderator

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Comments

  • john420john420 Posts: 84
    Looking Mf & residual for 2016 Chevy Colorado 4WD Z71 36 or 48 months 15K miles a year in NJ.
    Thanks
  • kyfdxkyfdx Posts: 107,577
    john420 said:

    Looking Mf & residual for 2016 Chevy Colorado 4WD Z71 36 or 48 months 15K miles a year in NJ.
    Thanks

    .00163 MF and 62% residual
    .00178 MF and 54% residual

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

    Edmunds Moderator

  • dafortworthdafortworth Posts: 13
    edited February 2016
    I found a steal on 2016 Z-71 4x4 here in Dallas. It is a demo vehicle with only 50 miles on it, MSRP is 36065---marked down to 32609.00 Add fees and it looks like the total sale price is 33330.31. The "lease guy" wasnt in today. I was trying to get payment numbers with zero down (I have money set aside to dip in to to help my payements). They would NOT give me a payment, just an estimated $399/mo for 39/12. Supposedly the guy will call me tomorrow. $399 seems way high. I managed to see what I think was the money factor, looked like 3.91% (whatever the equates to). So I guess I am asking for the MF and residual for a 4X4 Z71, 36 or 39, or 48 mos in Texas. And also if that is enough info above, can you ballpark a payment?

    I forgot to add there might be some lease conquest cash somewhere around $2300 total?

    Thanks
  • MichaellMichaell ColoradoPosts: 96,842

    I found a steal on 2016 Z-71 4x4 here in Dallas. It is a demo vehicle with only 50 miles on it, MSRP is 36065---marked down to 32609.00 Add fees and it looks like the total sale price is 33330.31. The "lease guy" wasnt in today. I was trying to get payment numbers with zero down (I have money set aside to dip in to to help my payements). They would NOT give me a payment, just an estimated $399/mo for 39/12. Supposedly the guy will call me tomorrow. $399 seems way high. I managed to see what I think was the money factor, looked like 3.91% (whatever the equates to). So I guess I am asking for the MF and residual for a 4X4 Z71, 36 or 39, or 48 mos in Texas. And also if that is enough info above, can you ballpark a payment?

    I forgot to add there might be some lease conquest cash somewhere around $2300 total?

    Thanks

    36/12 - .00163 and 64%
    39/12 - .00163 and 62%
    48/12 - .00178 and 56%

    Texas applies sales tax to the entire selling price, so your lease payment will be pretty expensive if you roll that amount into the lease.

    Using your MSRP and the "total" selling price as the net cap cost, I get $377/mo for 36 months, $372/mo for 39 months and $369/mo for 48 months. And, you'd be paying the tax amount up front.

    3.91% is .00163, BTW (divide APR by 2400 to get MF)

    $399 seems about right.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks for the quick response.   They have about 6 left at that price with low miles so go get em....Classic  Chevrolet in Grapevine.   Been there a few times, nice folks.  Got some decisions to make.....I was gonna get a SR5 Tacoma,  but a Z-71 for the same price!
  • Can you provide a rough monthly lease payment for a 2016 Colorado z71 short bed. Lease in PA ( I think total tax is 9%) Total Cap $35,500, 36 mo term, 12k. Please provide the current MF and residual. Thank you. 
  • MichaellMichaell ColoradoPosts: 96,842
    jrados83 said:

    Can you provide a rough monthly lease payment for a 2016 Colorado z71 short bed. Lease in PA ( I think total tax is 9%) Total Cap $35,500, 36 mo term, 12k. Please provide the current MF and residual. Thank you. 

    .00163 and 64% for 36/12.

    Would need to know the MSRP to figure a payment.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thanks. MSRP = $37,000. Why msrp? I thought lease was calculated based upon purchase price. Thanks again. 
  • kyfdxkyfdx Posts: 107,577
    jrados83 said:

    Thanks. MSRP = $37,000. Why msrp? I thought lease was calculated based upon purchase price. Thanks again. 

    Residual is a percentage of MSRP, no matter what selling price you negotiate. (which is a good thing).

    $425/mo.+tax with those numbers.

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

    Edmunds Moderator

  • jrados83jrados83 Posts: 4
    edited February 2016
    I see, that makes sense. Getting a bit more technical. With regard to the finance charge, what is the rationale behind adding the cap cost to residual when calculating? This seems crazy to me, and I work in finance :). At first glance it feels like I'm paying interest on 164% of the cost of the vehicle. Please enlighten me. Thank you again!


  • kyfdxkyfdx Posts: 107,577
    edited February 2016
    jrados83 said:

    I see, that makes sense. Getting a bit more technical. With regard to the finance charge, what is the rationale behind adding the cap cost to residual when calculating? This seems crazy to me, and I work in finance :). At first glance it feels like I'm paying interest on 164% of the cost of the vehicle. Please enlighten me. Thank you again!


    The money factor is not an interest rate, though it's derived from one. The finance charges are applied to an average of the CAP cost and residual. So, to get an average, you add, then divide by 2. But, in this case, the money factor has already accounted for the division by 2, so you just add.

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

    Edmunds Moderator

  • kyfdx said:

    Ask your 2016 Colorado lease questions here!

    Can you tell me what the current MF and residual is on the 2016 LT and Z-71 in Florida? I am looking for 36 to 39 months.

    Also, I am coming off a 2013 Equinox lease... Any incentives for current leases or USAA members?

    Thanks
  • kyfdxkyfdx Posts: 107,577

    kyfdx said:

    Ask your 2016 Colorado lease questions here!

    Can you tell me what the current MF and residual is on the 2016 LT and Z-71 in Florida? I am looking for 36 to 39 months.

    Also, I am coming off a 2013 Equinox lease... Any incentives for current leases or USAA members?

    Thanks
    .00149 MF and 63%/61% residual for 36/39 months, 15K/yr.

    No apparent incentives.

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

    Edmunds Moderator

  • MF and residual on a 2016 WT or LT in North Carolina? 36 or 39 months, 15k per year.
  • MichaellMichaell ColoradoPosts: 96,842
    mikemil50 said:

    MF and residual on a 2016 WT or LT in North Carolina? 36 or 39 months, 15k per year.

    .00149 and 63% for 36/15; subtract 2% for 39 months.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:



    .00149 and 63% for 36/15; subtract 2% for 39 months.

    Thank you! Any special rebates or incentives?
  • MichaellMichaell ColoradoPosts: 96,842
    mikemil50 said:

    Michaell said:



    .00149 and 63% for 36/15; subtract 2% for 39 months.

    Thank you! Any special rebates or incentives?
    None that I'm aware of.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MF and Res for 2016 COLORADO CREW CAB SHORT BOX 2-WHEEL DRIVE Z71?
    does the Diesel vs. Gas V6 change anything?
  • kyfdxkyfdx Posts: 107,577

    MF and Res for 2016 COLORADO CREW CAB SHORT BOX 2-WHEEL DRIVE Z71?
    does the Diesel vs. Gas V6 change anything?

    .00149 MF and 63% residual for 36/15.

    All Colorados have the same lease program, this month.

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

    Edmunds Moderator

  • stevenrsherrystevenrsherry Posts: 3
    edited March 2016
    Can you provide a rough monthly lease payment for a 2016 Colorado z71 4x4 Trailboss short bed. Lease in NY MSRP $44,085, 39 mo term, 15k. Please provide the current MF and residual. Thank you
  • MichaellMichaell ColoradoPosts: 96,842

    Can you provide a rough monthly lease payment for a 2016 Colorado z71 4x4 Trailboss short bed. Lease in NY MSRP $44,085, 39 mo term, 15k. Please provide the current MF and residual. Thank you

    .00149 and 61%.

    Would need to know the selling price or adjusted cap cost to figure a payment.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • The selling price is same as MSRP.
  • MichaellMichaell ColoradoPosts: 96,842

    The selling price is same as MSRP.

    $547/mo plus tax

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thank you
  • bpark13bpark13 Posts: 4
    Looking for Chevy MF and Residual on a 2016 Chevy Colorado Z71 4x4. 36/12k in Northern Illinois. TIA.
  • MichaellMichaell ColoradoPosts: 96,842
    bpark13 said:

    Looking for Chevy MF and Residual on a 2016 Chevy Colorado Z71 4x4. 36/12k in Northern Illinois. TIA.

    .00149 and 65%

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bpark13bpark13 Posts: 4
    Thanks!
  • bpark13bpark13 Posts: 4
    Looking for MF and Residual on 2016 Chevy Colorado Z71 4x4.

    Now for 39/12k in Northern Illinois.
  • kyfdxkyfdx Posts: 107,577
    bpark13 said:

    Looking for MF and Residual on 2016 Chevy Colorado Z71 4x4.

    Now for 39/12k in Northern Illinois.

    .00149 MF and 63% residual for all 2016 Colorados.

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

    Edmunds Moderator

  • czl2149czl2149 Posts: 15
    What kind of deal am I looking at on a2016 2wd lt in jersey. More is 29345. Can you give me payment with 4000 down and 0 down 
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