2016 Chevrolet Colorado Lease Questions

kyfdx

Ask your 2016 Colorado lease questions here!

john420

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

kyfdx

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

dafortworth

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

Michaell

dafortworth said:

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.

dafortworth

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!

jrados83

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. 

Michaell

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.

jrados83

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

kyfdx

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.

jrados83

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!

kyfdx

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.

jbaker1274

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

kyfdx

jbaker1274 said:

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.

mikemil50

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

Michaell

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.

mikemil50

Michaell said:

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

Thank you! Any special rebates or incentives?

Michaell

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.

little_richie

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

kyfdx

little_richie said:

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.

stevenrsherry

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

Michaell

stevenrsherry said:

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.

stevenrsherry

The selling price is same as MSRP.

Michaell

stevenrsherry said:

The selling price is same as MSRP.

$547/mo plus tax

stevenrsherry

Thank you

bpark13

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

Michaell

bpark13 said:

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

.00149 and 65%

bpark13

Thanks!

bpark13

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

Now for 39/12k in Northern Illinois.

kyfdx

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.

czl2149

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 

kyfdx

czl2149 said:

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 

.00149 MF and 63% residual for 36 mo, 15K/yr

Can't calculate a payment without MSRP and selling price, at least.

czl2149

sorry msrp is 29345 and selling price is 28345 at 12k miles a year?

czl2149

do you have a ideas too if there will be in any specials next month?

Michaell

czl2149 said:

sorry msrp is 29345 and selling price is 28345 at 12k miles a year?

Those prices translate to a payment of $328/mo before tax.

czl2149 said:

do you have a ideas too if there will be in any specials next month?

No information about future numbers.

czl2149

Thanks guys. I'm trying to figure out if i'm getting a good deal. Is it worth putting any money down on it for a lease?

Michaell

czl2149 said:

Thanks guys. I'm trying to figure out if i'm getting a good deal. Is it worth putting any money down on it for a lease?

No. If the truck is stolen or totaled, that money down is lost.

czl2149

I was offered a two year lease at 149.99 month for a v6 lt two wheel drive. I'm putting down 6.5k. Good deal? 

Michaell

czl2149 said:

I was offered a two year lease at 149.99 month for a v6 lt two wheel drive. I'm putting down 6.5k. Good deal? 

How much of the down is cap reduction ?

czl2149

I have no idea.  

czl2149

This is my first lease forgive my ignorance 

kyfdx

czl2149 said:

This is my first lease forgive my ignorance 

$6500/24 = $271/mo. + $149/mo.

True cost of the lease is $420/mo.

czl2149

Is there a downside of a two year lease

Michaell

czl2149 said:

Is there a downside of a two year lease

It depends on the car. Some manufacturers promote a specific lease term (aka "sweet spot") which is often 36 months.

That, and you'll be back in the market sooner.

czl2149

Did anything at all change for may?

Michaell

czl2149 said:

Did anything at all change for may?

No changes for May.

czl2149

I actually heard from a dealer in jersey they are no longer leasing them 

Michaell

czl2149 said:

I actually heard from a dealer in jersey they are no longer leasing them 

I've got GM Financial lease numbers for the Colorado for May; not sure if this is something your local dealer has chosen to do.

smiehlke

Live in Utah. Looking for numbers on a 2016 Chevy Colorado LT Crew Cab 4x4
Residual Value and money factor for 36/12 or 39/12.
Thank you so much!

kyfdx

smiehlke said:

Live in Utah. Looking for numbers on a 2016 Chevy Colorado LT Crew Cab 4x4
Residual Value and money factor for 36/12 or 39/12.
Thank you so much!

.00149 MF and 70%/68% residual.

Nice residuals!

zeusmontes

In CA. Looking for 24/15 or 36/15. If there is a sweet spot somewhere that would be great to know.