2016 GMC Sierra Lease Questions

csand12

I'm from Louisiana and I went as far away as Idaho. That was the first deal I posted on the $60k truck. The transport charges were just too much to make that worthwhile, about $1600. The truck I ended up getting is in Missouri. They are shipping another truck down here in the next few days and I can likely piggy back on that truck for less. The shipping quote I got was only about $675 and more than made the deal worth the trouble.

The best quote I got down in Louisiana for a truck that was $1000 cheaper than the one I am getting was $587/mo for a 39mo/10k lease.

sonatalease98

Any chance you can tell me which dealer in Missouri gave you that deal? I'm looking at leasing a Denali or SLT and am starting to seriously shop around an email dealerships. I live in MO so it'd be great to know if there's a dealer in my own backyard that seems to beat everyone else. Thanks!

verinox

Hello,

Looking for MF/Residual 36/12 for 2016 Sierra 1500 SLE, SLT, and Denali Crew Cab 4x4. Cleveland, OH.

Thanks!

kyfdx

verinox said:

Hello,

Looking for MF/Residual 36/12 for 2016 Sierra 1500 SLE, SLT, and Denali Crew Cab 4x4. Cleveland, OH.

Thanks!

.00085 MF and 61% residual for SLE/SLT. $250 lease cash

.00149 MF and 72% residual for Denali

leaserookie1

I am looking for MF/Residuals for a 2016 Sierra 1500 SLE SLT and Denali Crew Cab 4x4 for 24/12 and 24/15
Detroit, MI

Thanks

Michaell

leaserookie1 said:

I am looking for MF/Residuals for a 2016 Sierra 1500 SLE SLT and Denali Crew Cab 4x4 for 24/12 and 24/15
Detroit, MI

Thanks

24/15 numbers:
SLT / SLE - .00145 and 68%. $250 lease cash
Denali - .00199 and 75%

Add 1% for 12K

csand12

The dealership I bought from in Missouri was Mayse GMC. They were very helpful and have been a breeze to work with.

dustino1

Looking at leasing a 2016 GMC Sierra Denali. The MSRP is $52,952 and a purchase price of $48,215. What would the estimated payment be with $2,000 out of pocket on a 36 month and 12k per year milage based on the current residuals and money factors assuming great credit? I am new to this and wonder if this is something where all dealers use the same money factors and residuals?

kyfdx

dustino1 said:

Looking at leasing a 2016 GMC Sierra Denali. The MSRP is $52,952 and a purchase price of $48,215. What would the estimated payment be with $2,000 out of pocket on a 36 month and 12k per year milage based on the current residuals and money factors assuming great credit? I am new to this and wonder if this is something where all dealers use the same money factors and residuals?

.00149 MF and 70% residual (assuming 4WD)

$437/mo.+tax, assuming your $2000 goes to 1st payment, fees and taxes.

Denali is only $53K? I thought they were up around $60K?

jscoates01

Hi, I'm interested in a '16 Sierra SLT or Denail Crew Cab 4wd. Can I please get the residuals and money factors for 36mo/15k miles & 36mo/18k miles? Thanks in advance 

kyfdx

jscoates01 said:

Hi, I'm interested in a '16 Sierra SLT or Denail Crew Cab 4wd. Can I please get the residuals and money factors for 36mo/15k miles & 36mo/18k miles? Thanks in advance 

SLT: .00085 MF and 59%/57% residual
Denali: .00149 MF and 70%/68% residual

drlev1999

Residuals and MF for 2016 Crewcab SLT and Denali, both 4x4 for 10K/36mo for Pittsburgh, PA area, 15642 zip code. Thanks.

shoopaman

Finally got the deal I wanted , I believe this is an 'exceptional' deal, for a lease!
It was hard but prevailed...:

2016 Denali 1500, 5.3L V8, Black Interior, White Frost Tricoat,
Ultimate Pkg (22"ChromeInsertWheels/PwrAssistStep/
SunRoof/ChromeTowHook/TrailerBrakeCntrlr/
EnhancedDriverAlertPkg),
Engine Block Heater
MSRP $61,575
Adj CAP $53,605
15k miles/yr, 36mo lease
$479.99/mo, tax included (WA) 9.7%
$1700 Total Drive Off
And got the dealer to throw in an OEM All Weather Floor Mats ($160)

I LOVE THE TRUCK, BEST CAR I HAVE EVER GOTTEN. WORTH EVERY PENNY!!!
I now know why and agree why this car was voted the TTTOTY

kyfdx

drlev1999 said:

Residuals and MF for 2016 Crewcab SLT and Denali, both 4x4 for 10K/36mo for Pittsburgh, PA area, 15642 zip code. Thanks.

SLT: .00085 MF and 62% residual. $250 lease cash
Denali: .00149 MF and 73% residual

kyfdx

shoopaman said:

Finally got the deal I wanted , I believe this is an 'exceptional' deal, for a lease!
It was hard but prevailed...:

2016 Denali 1500, 5.3L V8, Black Interior, White Frost Tricoat,
Ultimate Pkg (22"ChromeInsertWheels/PwrAssistStep/
SunRoof/ChromeTowHook/TrailerBrakeCntrlr/
EnhancedDriverAlertPkg),
Engine Block Heater
MSRP $61,575
Adj CAP $53,605
15k miles/yr, 36mo lease
$479.99/mo, tax included (WA) 9.7%
$1700 Total Drive Off
And got the dealer to throw in an OEM All Weather Floor Mats ($160)

I LOVE THE TRUCK, BEST CAR I HAVE EVER GOTTEN. WORTH EVERY PENNY!!!
I now know why and agree why this car was voted the TTTOTY

Congrats! That's a great deal for a $60K MSRP truck!

justin222

shoopaman said:

Finally got the deal I wanted , I believe this is an 'exceptional' deal, for a lease!
It was hard but prevailed...:

2016 Denali 1500, 5.3L V8, Black Interior, White Frost Tricoat,
Ultimate Pkg (22"ChromeInsertWheels/PwrAssistStep/
SunRoof/ChromeTowHook/TrailerBrakeCntrlr/
EnhancedDriverAlertPkg),
Engine Block Heater
MSRP $61,575
Adj CAP $53,605
15k miles/yr, 36mo lease
$479.99/mo, tax included (WA) 9.7%
$1700 Total Drive Off
And got the dealer to throw in an OEM All Weather Floor Mats ($160)

I LOVE THE TRUCK, BEST CAR I HAVE EVER GOTTEN. WORTH EVERY PENNY!!!
I now know why and agree why this car was voted the TTTOTY

AWESOME DEAL!
What is the excess mileage charge? I'm looking at a similar vehicle. Thanks!

s_carter

Hi, what is the Res/Mf on a '16 GMC Denali 1500 Crew Cab 4x4, 36/12 and 36/15 in Chicago? Thanks

Michaell

s_carter said:

Hi, what is the Res/Mf on a '16 GMC Denali 1500 Crew Cab 4x4, 36/12 and 36/15 in Chicago? Thanks

36/15 - .00149 and 70%. Add 2% for 12K

dustinco

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

Michaell

dustinco said:

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

.00149 and 73% or 72%

shoopaman

Standard $.25/mile

justin222 said:

shoopaman said:

Finally got the deal I wanted , I believe this is an 'exceptional' deal, for a lease!
It was hard but prevailed...:

2016 Denali 1500, 5.3L V8, Black Interior, White Frost Tricoat,
Ultimate Pkg (22"ChromeInsertWheels/PwrAssistStep/
SunRoof/ChromeTowHook/TrailerBrakeCntrlr/
EnhancedDriverAlertPkg),
Engine Block Heater
MSRP $61,575
Adj CAP $53,605
15k miles/yr, 36mo lease
$479.99/mo, tax included (WA) 9.7%
$1700 Total Drive Off
And got the dealer to throw in an OEM All Weather Floor Mats ($160)

I LOVE THE TRUCK, BEST CAR I HAVE EVER GOTTEN. WORTH EVERY PENNY!!!
I now know why and agree why this car was voted the TTTOTY

AWESOME DEAL!
What is the excess mileage charge? I'm looking at a similar vehicle. Thanks!

gsbmarine

whats the current lease numbers in NY Long Island for a 2016 Sierra 1500 all terrain 36 months or 39 months with 12k a year???Thanks In advance...

kyfdx

gsbmarine said:

whats the current lease numbers in NY Long Island for a 2016 Sierra 1500 all terrain 36 months or 39 months with 12k a year???Thanks In advance...

Which cab configuration?

AWD?

gsbmarine

not sure if i want crew or just extended cab yet...4wd....

gsbmarine

probably crew

Michaell

gsbmarine said:

whats the current lease numbers in NY Long Island for a 2016 Sierra 1500 all terrain 36 months or 39 months with 12k a year???Thanks In advance...

gsbmarine said:

not sure if i want crew or just extended cab yet...4wd....

gsbmarine said:

probably crew

.00085 and 60%. $250 lease cash

amaracer929

Current MF and Residuals for 2016 sierra 1500 denali shortbed 4x4 for Greensburg, Pa 15601 for 3 years 12k per year ?

Getting quoted 549.00 per month with basically 4 k down and then almost another 1k towards first months payment an fees so we'll just say 5k total. Tax is 6% plus he said another 3% usage fee for 9% tax total. MSRP for truck is $58,865.00 but with my supplier pricing it drops down to 54,972.00. Does this seem right? It seems like the payment is high for the money being put down or maybe im wrong? Let me know if you need any further info to clear up the deal. Thanks
!

Michaell

amaracer929 said:

Current MF and Residuals for 2016 sierra 1500 denali shortbed 4x4 for Greensburg, Pa 15601 for 3 years 12k per year ?

Getting quoted 549.00 per month with basically 4 k down and then almost another 1k towards first months payment an fees so we'll just say 5k total. Tax is 6% plus he said another 3% usage fee for 9% tax total. MSRP for truck is $58,865.00 but with my supplier pricing it drops down to 54,972.00. Does this seem right? It seems like the payment is high for the money being put down or maybe im wrong? Let me know if you need any further info to clear up the deal. Thanks
!

.00149 and 72% for 36/12.

Using your prices, I calculate a payment of $539/mo with tax.

We do not recommend making a down payment on a lease - if the truck is stolen or totaled, you lose that money. Only first payment and bank and government fees should be paid at signing.

amaracer929

Michaell said:

amaracer929 said:

Current MF and Residuals for 2016 sierra 1500 denali shortbed 4x4 for Greensburg, Pa 15601 for 3 years 12k per year ?

Getting quoted 549.00 per month with basically 4 k down and then almost another 1k towards first months payment an fees so we'll just say 5k total. Tax is 6% plus he said another 3% usage fee for 9% tax total. MSRP for truck is $58,865.00 but with my supplier pricing it drops down to 54,972.00. Does this seem right? It seems like the payment is high for the money being put down or maybe im wrong? Let me know if you need any further info to clear up the deal. Thanks
!

.00149 and 72% for 36/12.

Using your prices, I calculate a payment of $539/mo with tax.

We do not recommend making a down payment on a lease - if the truck is stolen or totaled, you lose that money. Only first payment and bank and government fees should be paid at signing.

Now with your calculations of $539/mo is that with no down payment or is that using my figures of almost 5 K down?

I do not want to put any down and for some reason thought the payments would be alot closer to what they are now with 5 k total. Not sure what the differences are for some of the other people on here getting killer deals with only 2k or less down. I was in the low 600s/mo with roughly 2500 down. I must be missing a bigger piece of the puzzle here? Any insight?

Michaell

amaracer929 said:

Michaell said:

amaracer929 said:

Current MF and Residuals for 2016 sierra 1500 denali shortbed 4x4 for Greensburg, Pa 15601 for 3 years 12k per year ?

Getting quoted 549.00 per month with basically 4 k down and then almost another 1k towards first months payment an fees so we'll just say 5k total. Tax is 6% plus he said another 3% usage fee for 9% tax total. MSRP for truck is $58,865.00 but with my supplier pricing it drops down to 54,972.00. Does this seem right? It seems like the payment is high for the money being put down or maybe im wrong? Let me know if you need any further info to clear up the deal. Thanks
!

.00149 and 72% for 36/12.

Using your prices, I calculate a payment of $539/mo with tax.

We do not recommend making a down payment on a lease - if the truck is stolen or totaled, you lose that money. Only first payment and bank and government fees should be paid at signing.

Now with your calculations of $539/mo is that with no down payment or is that using my figures of almost 5 K down?

I do not want to put any down and for some reason thought the payments would be alot closer to what they are now with 5 k total. Not sure what the differences are for some of the other people on here getting killer deals with only 2k or less down. I was in the low 600s/mo with roughly 2500 down. I must be missing a bigger piece of the puzzle here? Any insight?

My calculations were using the prices supplied. Every $1000 down would reduce the pre-tax payment about $28/mo.

Confirm the adjusted capitalized cost with the dealer - may be some hidden fees in there. Also, dealer can mark up the MF for more profit.

dustinco

Michaell said:

dustinco said:

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

.00149 and 73% or 72%

This is my first attempt at leasing. Is there a secret to getting the money factor listed? I have top tier credit and received .00179 and .00191 today at two different dealers. Is their perhaps a GMC dealer in Denver that is better to deal with?

Thank you.

Michaell

dustinco said:

Michaell said:

dustinco said:

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

.00149 and 73% or 72%

This is my first attempt at leasing. Is there a secret to getting the money factor listed? I have top tier credit and received .00179 and .00191 today at two different dealers. Is their perhaps a GMC dealer in Denver that is better to deal with?

Thank you.

You get them to provide the adjusted cap cost, then you run the numbers yourself. You politely but firmly explain to the dealers that you won't sign a deal with an inflated MF.

I'm in Denver, but have never shopped GMC. What dealers did you visit?

dustinco

Michaell said:

dustinco said:

Michaell said:

dustinco said:

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

.00149 and 73% or 72%

This is my first attempt at leasing. Is there a secret to getting the money factor listed? I have top tier credit and received .00179 and .00191 today at two different dealers. Is their perhaps a GMC dealer in Denver that is better to deal with?

Thank you.

You get them to provide the adjusted cap cost, then you run the numbers yourself. You politely but firmly explain to the dealers that you won't sign a deal with an inflated MF.

I'm in Denver, but have never shopped GMC. What dealers did you visit?

I negotiated cap cost, not nearly as good a price as others have received. The MF came from Johnson Auto Plaza in Brighton and King GMC in Longmont respectively. I'm wondering what's in it for the Dealer to inflate the MF?

Michaell

dustinco said:

Michaell said:

dustinco said:

Michaell said:

dustinco said:

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

.00149 and 73% or 72%

This is my first attempt at leasing. Is there a secret to getting the money factor listed? I have top tier credit and received .00179 and .00191 today at two different dealers. Is their perhaps a GMC dealer in Denver that is better to deal with?

Thank you.

You get them to provide the adjusted cap cost, then you run the numbers yourself. You politely but firmly explain to the dealers that you won't sign a deal with an inflated MF.

I'm in Denver, but have never shopped GMC. What dealers did you visit?

I negotiated cap cost, not nearly as good a price as others have received. The MF came from Johnson Auto Plaza in Brighton and King GMC in Longmont respectively. I guess what's in it for the Dealer to inflate the MF?

Extra profit for the dealer for inflating the MF.

shoopaman

dustinco said:

Michaell said:

dustinco said:

Hello, I was looking for the MF and Residual for a 2016 Sierra 1500 Denali Crew Cab 6.2 4x4 in Denver, CO. This would be for 36 Month/10K or 36 Month/12K. Thank you.

.00149 and 73% or 72%

This is my first attempt at leasing. Is there a secret to getting the money factor listed? I have top tier credit and received .00179 and .00191 today at two different dealers. Is their perhaps a GMC dealer in Denver that is better to deal with?

Thank you.

no secret, just tell them straight up, you would like the GMCs' tier 1 credit MF/RV. if it's higher than what's being quoted to you from this site, you ask why and if they still don't, you move on to another dealer that would. I'd generally look for a dealer that would have the MOST inventory. Volume dealers may be more motivated...

gsbmarine

so from what i am seeing here it seems the Denali may be the better leasing vehicle than the slt all terrain i was looking at since the residual is so much higher?? sticker on a denali i like at local dealer is only 2k more than the all terrain SLT i was looking at...

kyfdx

gsbmarine said:

so from what i am seeing here it seems the Denali may be the better leasing vehicle than the slt all terrain i was looking at since the residual is so much higher?? sticker on a denali i like at local dealer is only 2k more than the all terrain SLT i was looking at...

Money factor is higher, too, which is a negative.

Then, you have to factor in rebates and discounts. If you can get the same percentage off of the Denali, then it's probably going to be cheaper.

amaracer929

Hello again. Please check my numbers here to see if i'm in the ball park of calculating myself correctly.

2016 Denali 1500 4x4 Crew Cab Short Bed
Greensburg, Pa 15601 and you said 0.00149 and 72% I believe in my other post
lease will be 3 years/36k miles

MSRP - 59920
Adj Cap - 56206 simply my supplier pricing discount. No rebates or incentives that I know of other than 1k consumer purchase cash that im not sure I get on a lease deal?
6% sales tax plus 3% usage tax for a total 9% tax on lease

Im coming up with around 555/mo base no money down with tax/interest included. Id still obviously have first months payment an fees extra but im just curious if my calculations are correct. Dealer is trying to give me same payment but with roughly 4k down and then fees. Leads me to believe they are holding on me somewhere or hiding money. Are my calculations correct/close?

Thank you!

Michaell

amaracer929 said:

Hello again. Please check my numbers here to see if i'm in the ball park of calculating myself correctly.

2016 Denali 1500 4x4 Crew Cab Short Bed
Greensburg, Pa 15601 and you said 0.00149 and 72% I believe in my other post
lease will be 3 years/36k miles

MSRP - 59920
Adj Cap - 56206 simply my supplier pricing discount. No rebates or incentives that I know of other than 1k consumer purchase cash that im not sure I get on a lease deal?
6% sales tax plus 3% usage tax for a total 9% tax on lease

Im coming up with around 555/mo base no money down with tax/interest included. Id still obviously have first months payment an fees extra but im just curious if my calculations are correct. Dealer is trying to give me same payment but with roughly 4k down and then fees. Leads me to believe they are holding on me somewhere or hiding money. Are my calculations correct/close?

Thank you!

I get $557/mo with tax using your prices, so pretty close.

Ask the dealer what the $4K at signing covers - some of it are the necessary up front costs of first payment, acquisition fee, DMV costs and the like.

The rest may be cap reduction to account for a possible markup of the MF.

amaracer929

Michaell said:

amaracer929 said:

Hello again. Please check my numbers here to see if i'm in the ball park of calculating myself correctly.

2016 Denali 1500 4x4 Crew Cab Short Bed
Greensburg, Pa 15601 and you said 0.00149 and 72% I believe in my other post
lease will be 3 years/36k miles

MSRP - 59920
Adj Cap - 56206 simply my supplier pricing discount. No rebates or incentives that I know of other than 1k consumer purchase cash that im not sure I get on a lease deal?
6% sales tax plus 3% usage tax for a total 9% tax on lease

Im coming up with around 555/mo base no money down with tax/interest included. Id still obviously have first months payment an fees extra but im just curious if my calculations are correct. Dealer is trying to give me same payment but with roughly 4k down and then fees. Leads me to believe they are holding on me somewhere or hiding money. Are my calculations correct/close?

Thank you!

I get $557/mo with tax using your prices, so pretty close.

Ask the dealer what the $4K at signing covers - some of it are the necessary up front costs of first payment, acquisition fee, DMV costs and the like.

The rest may be cap reduction to account for a possible markup of the MF.

Thank you for your response! I just got off the phone with my dealer an found out where he was gouging me when I laid all the numbers out. He was quoting me my numbers with a money factor inflated 2 points to basically 5.5% instead of the 3.5% that it roughly is, now mind you we never ran any credit checks yet so he just did this on his own! When I called him out on it he tried the usual line of "well you must be informed wrong, the number is 5.5% not 3.5%. They eventually ended up admitting that there was 2 points worth of room there but that was there "only place to make money" and I would not get it at "cost". Looks like its time to try another dealer. Thanks for all the help guys!

Another question. Is it not common to get the base MF on these lease deals? The way he talked you'd of thought I was out of my mind for expecting 3.5% and he said there was no way I was getting that.

Michaell

amaracer929 said:

Michaell said:

amaracer929 said:

Hello again. Please check my numbers here to see if i'm in the ball park of calculating myself correctly.

2016 Denali 1500 4x4 Crew Cab Short Bed
Greensburg, Pa 15601 and you said 0.00149 and 72% I believe in my other post
lease will be 3 years/36k miles

MSRP - 59920
Adj Cap - 56206 simply my supplier pricing discount. No rebates or incentives that I know of other than 1k consumer purchase cash that im not sure I get on a lease deal?
6% sales tax plus 3% usage tax for a total 9% tax on lease

Im coming up with around 555/mo base no money down with tax/interest included. Id still obviously have first months payment an fees extra but im just curious if my calculations are correct. Dealer is trying to give me same payment but with roughly 4k down and then fees. Leads me to believe they are holding on me somewhere or hiding money. Are my calculations correct/close?

Thank you!

I get $557/mo with tax using your prices, so pretty close.

Ask the dealer what the $4K at signing covers - some of it are the necessary up front costs of first payment, acquisition fee, DMV costs and the like.

The rest may be cap reduction to account for a possible markup of the MF.

Thank you for your response! I just got off the phone with my dealer an found out where he was gouging me when I laid all the numbers out. He was quoting me my numbers with a money factor inflated 2 points to basically 5.5% instead of the 3.5% that it roughly is no mind you we never ran any credit checks yet so he just did this on his own! When I called him out on it he tried the usual line of "well you must be informed wrong, the number 5.5% not 3.5%. They eventually ended up admitting that the was 2 points worth of room there but that was there "only place to make money" and I would not get it at "cost". Looks like its time to try another dealer. Thanks for all the help guys!

It's important to remember that dealers are in the business of making money. With leases, there are two ways for them to accomplish this:

1) Mark up the MF
2) Not provide as much of a discount from sticker

You, of course, want the base MF and a healthy discount. But, you can't fault the dealer for holding firm on one or the other.

You are correct to keep shopping. It only takes one dealer to meet your numbers.

ctenny11

Got quote in TX on 2016 GMC 1500 Denali 4x4 39 mo lease 12k miles with $550 down (out the door) and $550 a month. Good deal?

kyfdx

ctenny11 said:

Got quote in TX on 2016 GMC 1500 Denali 4x4 39 mo lease 12k miles with $550 down (out the door) and $550 a month. Good deal?

.00149 MF and 70% residual

Would need to know MSRP and CAP cost to calculate a payment.

ctenny11

Msrp 58750 sale price 52550

kyfdx

ctenny11 said:

Msrp 58750 sale price 52550

$432/mo.+tax, assuming selling price is the CAP cost.

ctenny11

Residual% on 2016 GMC 1500 Denali 4x4 39 mo lease 15k? I assume MF stays the same .00149

Michaell

ctenny11 said:

Residual% on 2016 GMC 1500 Denali 4x4 39 mo lease 15k? I assume MF stays the same .00149

Subtract 2% from 36/15 residual for 39/15. MF is .00149.

drlev1999

amaracer929 said:

Hello again. Please check my numbers here to see if i'm in the ball park of calculating myself correctly.

2016 Denali 1500 4x4 Crew Cab Short Bed
Greensburg, Pa 15601 and you said 0.00149 and 72% I believe in my other post
lease will be 3 years/36k miles

MSRP - 59920
Adj Cap - 56206 simply my supplier pricing discount. No rebates or incentives that I know of other than 1k consumer purchase cash that im not sure I get on a lease deal?
6% sales tax plus 3% usage tax for a total 9% tax on lease

Im coming up with around 555/mo base no money down with tax/interest included. Id still obviously have first months payment an fees extra but im just curious if my calculations are correct. Dealer is trying to give me same payment but with roughly 4k down and then fees. Leads me to believe they are holding on me somewhere or hiding money. Are my calculations correct/close?

Thank you!

You mind my asking which dealership? Smail? I'm in the market as well and live in North Huntingdon. Smail tried to mark up the MF on another vehicle I leased from them, to no avail. You should shoot for invoice price on the cap cost, period. I won't pay a dime over invoice, and I didn't on my other vehicle from them. Let me know. Thanks.

degoines

Hi, I'm wanting to know what's an acceptable lease payment on a 2016 Sierra 1500 crew cab 4x4 SLT and SLE with no money down other than first payment, zip code 27344 

36mths
36k miles

kyfdx

degoines said:

Hi, I'm wanting to know what's an acceptable lease payment on a 2016 Sierra 1500 crew cab 4x4 SLT and SLE with no money down other than first payment, zip code 27344 

36mths
36k miles

.00085 MF and 61% residual. $250 lease cash

To calculate a payment, we need the MSRP and selling price and/or adjusted CAP cost.

The payment will can vary greatly, based upon the selling price you negotiate.