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Please review for potential lease agreement

tcjtlevinetcjtlevine Posts: 1
edited September 2016 in Chevrolet
CAN SOMEONE TELL ME IF THIS IS A GOOD DEAL?


TERMS FOR LEASE:
NEW 2016 CHEVY TAHOE LTZ: SUN, ENTERTAINMENT, BLACK BOWTIE, PEARL EXTERIOR, BLK INTERIOR. 30 MILES
- 36 MO/12K MILES
- RESIDUAL AMT $38,448.00
- MONEY FACTOR RATE .00176

FULL TRADE IN VALUE

LIST PRICE $72,745.00
DISCOUNT $-3,000.00
REBATES $-8,729.40
TOTAL = $61,015.60

PMT: $871.35
1ST PMT DUE AT DELIVERY

STATE OF NEBRASKA

Comments

  • kyfdxkyfdx Posts: 167,057
    Your residual seems low and your money factor seems high.
    We show .00152 MF and 59% residual (your residual is closer to 53%).

    However, the only numbers we have are GM Financial. This may be a different bank. Your discounts seem very large, and there may be incentives for using a different bank.

    Given the numbers you provided, $799/mo.+tax, assuming the CAP cost is the same as the sale price. Since you only have 1st payment due at signing, there are likely extra charges in the CAP cost.

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

    Edmunds Moderator

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