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2017 Equinox LS
$99 per month with $0 Down
24 months/10K miles per year
Here's what the fine print says:
#7691: MSRP $25,510; 24 mos lease based on $0 due at signing, includes cash/trade equty, $0 first pmt, $0 sec deposit. 10,000 mi/year. Offer includes manuf incentives, plus dealer discounts. Savings include manuf incentives plus dealer discounts. Offers based on qualifications and approved credit. Tax and fees additional. Offer ends 3/31/2017
What he doesn't have is the "cash/trade equity" nor does the ad say how much "cash/trade equity" is required.
I've been plugging numbers into my lease calculator for him and can't get anything NEAR that $99 per month payment. I know it is a "come on" ad.
Using current lease rates and incentives, the cheapest pre-tax payment I come up with is $166.87 for a FWD LS and $213.77 for an AWD LT.
He's got a 2014 CRV EX AWD with a lease ending in 2 months. His current payoff amount is $17,384 (including 2 payments of $275 each). @qbrozen pegs the trade in value at $15K, so no equity in the leased CRV.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
A late 30's Chevy of some kind, a '57 Nash Metropolitan, and a new 1969 Toyota Corona. I was only excited about the Corona because, unlike the other 2, it actually started and ran every day.
'24 Chevy Blazer EV 2LT
I suspect dealers are blowing out the old Equinox as the redesigned model is due soon.
I saw you posted in the Equinox lease thread - you might read back a page or two and see what others are paying. I'm absolutely seeing folks with sub $200/mo payments.
Not sure what it would take to get to $99/mo, however.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
So I did not get my car habits from them. Heck, I had as many cars in HS as they owned my entire childhood.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Dad:
1986 VW Rabbit GTI
1989 VW Jetta GLI
1991 Ford Taurus SHO
1993 Ford Taurus SHO
1993 Lexus LS400 (same time as the '93 SHO)
1995 Audi A6
1993 Audi V8 Quattro
1995 Audi S6 Wagon
1998 Audi A8
2002 Ford Excursion
Mom:
1988 Volvo 240 Wagon
1993 Volvo 940 Turbo Wagon (Stayed with us until 2003/2004)
1993 Toyota Land Cruiser
1997 Toyota Land Cruiser
2001 Volvo V70 T5
Here is my suggestion:
(1) Tell him to tell the dealer he wants to forego the acquisition fee and in favor of a higher money factor
(2) He then wants to do a one pay lease (if he can swing it) which will drop the money factory by (I believe) .00073
(3) Tell them he wants at least a 10% discount before rebates.
I've seen folks pull that off and walk out with this exact car for a one-time payment total of $2200 for the entirety of the 24 month lease, after tax, fees etc. I think he could do that.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I think most people are comfortable with poor fuel economy until gas peaks over $4/gallon again. Then you sing another tune.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
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36 mo, 12K/yr
https://forums.edmunds.com/discussion/comment/5329143/#Comment_5329143
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'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Now I have to recollect the six vehicles they bought.....
So, the pre-me cars that they had when I was three were a 1971 Ford Econoline and a Datsun Z-car of some sort (all I remember was the incredibly stifling back seat). The purchases were:
1980 Subaru GL wagon (new)
1979 Ford F150 (used in 1983 or so)
70-something Dodge Colt (looked like the photo below) We acquired this car in trade for half a cow in about 1984. I remember this car had black vinyl seats that used to scald our legs during the summer months if we had any exposed flesh. Not a comfortable experience!
1985 Toyota Camry (used in 1987 as replacement for Subaru, which was totaled in a crash)
1992 Toyota Camry (new in November 1991)
1994 Ford Mustang (V6, new)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 Cadillac ATS Performance Premium 3.6
I'm a fan of "S Mode."
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
They also know that when I casually say I went and checked out a car, it's likely that a new car will end up in the garage.
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
Since the loss in fuel economy was one of the main detractors for me, I'm very pleased.
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
My friend is Pittsburgh that was looking at the Equinox got a FWD Equinox LS for $114 per month (including tax) with 10K miles per year and $0 Down. They also took his 2014 CRV EX AWD off his hands without him having to pay its last 2 payments ($275/Month). I'm impressed.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
Oh, forgot to mention in my PM to him, it has a spray in bedliner, and the neat cargo bed extender (the bars that flip over onto the tailgate if it is down).
did not get to drive though obviously. It was parked on the grass, which was rapidly turning to mud, so I bet I could have rooster tailed some serious ruts pulling it off the lot!
TJC, it was down near the Wally World on the BHP in Williamstown. So not far from your work IIRC?
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2025 BMW i5 - 2017 911 C4S - 2025 BRZ - 2025 MB GLE450e - 2024 Genesis GV60 - 2019 Cayman
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
But, with the 9% or 10% sales tax, that $114/mo is a smoking payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If 6-12" of snow wasn't forecast tonight/tomorrow, and it wasn't 400 miles away, we may have made the trip down.
2025 Toyota Crown Signia Hybrid, 2022 Ram 2500 Laramie 6.4 Hemi, 2007 Mazda MX-5 Miata PRHT
though I am sure I would do what I did when I got the sonata. Look at what the payment I wanted got me. Then looked at what an extra $75-100/month got me. And signed up for the more loaded option. Especially on a lease, when I know I am in for 3 years. Not like buying a cheap used car I could just flip out of.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
On vehicles like these I wonder what the sales split is between FWD/AWD, and whether people who bought the AWD version really see any benefit and feel it is worth paying extra to get? I just do not know.
2017 Cadillac ATS Performance Premium 3.6
On the compact CUVs, I see quite a few used ones with FWD. It seems like the take rate for AWD goes up as you move up to the larger models.
When my parent's married
55 Chevy 210 2dr., 6cyl, manual trans---mom's
59 Pontiac Catalina 2 dr hardtop, black--dad's
Later--
63 Olds Dynamic 88 Holiday coupe with factory a/c--mom's
65 Ford Custom with factory a/c--dad's company car
--sold the Chevy for $75, traded the Catalina for the Olds
66 Ford Galaxie 500 no a/c dad's company car, moved to New Orleans
69 Olds 98 Luxury Sedan--mom's
70 Ford Custom 500 with a/c dad's company car
71 Pontiac Catalina 2 dr hardtop with Rallye III wheels--dad's company car
72 Olds Cutlass Supreme--mom's
73 Pontiac Catalina 4dr sedan w/am/fm Stereo--dad's company car
72 Ford Cortina GXL-dad's temporary company car--we moved to London, England
74 Ford Cortina E--dad's company car
mom didn't have a car during this period
75 Renault 16 TL automatic--dad's temporary company car--moved to Paris, France
75 Renault 30 TL V6--dad's company car
71 Audi 100 LS automatic, mom's car, bought from a Canadian couple moving back to Canada
76 Olds Cutlass Supreme wagon--mom's, dad bought a farm in central Virginia.
76 GMC Sierra 15 full time 4 wheel drive--dad's
71 Datsun 510 wagon--to keep miles off of the Olds while my parents commuted 70 miles each way to Richmond for work
Me--age 17
62 Ford Galaxie 2dr, paid $100, it was mine!
71 Vega GT, $500
Off to college!
2021 VW Arteon SEL 4-motion, 2018 VW Passat SE w/tech, 2016 Audi Q5 Premium Plus w/tech
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So, definitely feel your pain on this and figure the only way to get one soon is if we do end up like Laurasdad. On the other hand, hoping to wear her down over the next 3 to 4 years and then say my time has come to do it!
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
Figure if we end up staying another few years, then will have the driveway totally redone. But right now, would love to sell and get something new, like that townhouse development a few miles away. A 3/2.5 with a one car garage, something I could work with and the smaller house would be great. We've always owned new on the first two places and would love to do it one more time. Think we'd come out ahead by close to $50K if we sold the old and bought the new. Another hard sell for me but I'm trying as I definitely want to move soon!
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
The Sandman
2023 Hyundai Kona Limited AWD (wife) / 2025 VW GTI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)