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GMC Yukon Lease Questions

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Comments

  • budlongbudlong Posts: 3
    Hi...I am looking at a 2007 Denali. I get the supplier discount, so here is the rundown:

    07 denali, nav, dvd, 2nd row bucket...MSRP 51,070. The supplier price would be 47,597.13

    On a 36 month SmartBuy with 15,000 miles a year based on a Denali built to your specs. The payment would be roughly 908. a month on current SmartBuy residuals.

    This seems a bit high to me? Am I wrong? I live in Houston, TX, and our tax rate is 6.25%.

    TIA!!
    Jeni
  • budlongbudlong Posts: 3
    Update...now he is quoting me
    48 months 15k a year with with 2k down and the payment would be 779.

    Hmmm...just not sure what to think.
  • budlongbudlong Posts: 3
    A little more info...

    On 48 month the residual is .52 for 15k a year
  • Welcome melanie202. I am glad that you have found reading this discussion so helpful. The first thing that you need to do is figure out what price you want to pay for this truck. the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I am not personally all that familiar with what the market is like for the GMC Yukon right now, but on a domestic product in a competitive market like Southern California I personally would shoot for $500 over dealer invoice. You also may be able to get an idea of how much you should pay for this truck right now by visiting the following discussion: "GMC Yukon /Yukon Denali: Prices Paid & Buying Experience". Once you have an idea of what price you want to pay, shop around with a couple of dealers for the lowest possible selling price. Make sure that the dealer that you choose to go with uses GMAC's base lease rate of 7.2% to calculate your monthly payment. If you let me know what selling price you are aiming for, I would be happy to estimate what your lease payment should be for you.

    Car_man
    Host
    Prices Paid Forum
  • Hi monkeyshift. GMAC's current base lease rate and residual value for a 27 month lease of a GMC Yukon Denali or a 2007 Yukon XL Denali with 10,000 miles peer year are 7.2% and 69%, respectively. The numbers for an otherwise identical 39 month lease are 7.2% and 64%, respectively.

    I don't believe that General Motors is currently providing any cash incentives on leases of these trucks right now.

    Car_man
    Host
    Prices Paid Forum
  • Welcome mikeystiles. I'm glad that you have found this discussion so helpful. Unfortunately I am not aware of any cash incentives available on leases of the 2007 GMC Yukon right now. I would be happy to work up a sample lease payment on the specific truck that you are interested in for you. In order for me to do so I need you to provide me with its full MSRP and selling price. You can look up this truck's MSRP and invoice price by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Then you can either assume that you will be able to get it for $X over invoice or check out the following discussion to get an idea of how much you will have to pay: "GMC Yukon /Yukon Denali: Prices Paid & Buying Experience". Let me know what these prices are and I'll crunch some numbers for you.

    Car_man
    Host
    Prices Paid Forum
  • Welcome aboard aron2. I assume that the price that you mentioned, $46,312.53, is this truck's selling price. If so, what is its MSRP? You should be able to find it on your lease contract. Having both numbers will show me how much of a discount you were given and it will enable me to use GMAC's lease program to estimate what your monthly payment should have been. Let me know and I'll tell you what I think.

    Car_man
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    Prices Paid Forum
  • Congratulations on getting your new truck, moose08. It looks like you got a great deal. You're right the customer cash that GM is offering on the Yukon right now is now available on leases through GMAC and 7.2% is GMAC's current base lease rate for this model. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride!

    Car_man
    Host
    Prices Paid Forum
  • Hello Jeni. The fact that you are able to purchase this truck through GM's supplier purchase program means that you are getting it for a good price. Let's use GMAC's current lease program to estimate what its monthly payment should be. According to my calculations, if you were to lease a 2007 GMC Yukon Denali that has an MSRP of $51,070 and a selling price of $47,598 through GMAC right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $661. If you were to lease this truck for only 36 months, its payment should be around $706. These are for GM's SmartLease program, not its SmartBuy program. Given how much lower the payment that I came up with is than the one that you were quoted you may be better off going with a lease than a balloon note on this truck.

    Car_man
    Host
    Prices Paid Forum
  • mcgdocmcgdoc Posts: 4
    I'm thinking of leasing a Denali.

    What is the residual and the money factor for
    1. 24 month/15k per year
    2. 36 month/15k per year

    I have a tier one credit.

    Thanks!
  • rojroj Posts: 1
    Hello Car_man
    I'm interested in leasing a 2007 GMC Yukon SLE-1 2WD. 36 or 48 month lease. At least 15K miles per year. Is there an 18K mile per year lease? MSRP is $35,525. Do you know what the current lease rate (MF) and Residual is for this vehicle? Do you know what I can expect to pay monthly (including 7.75% So Cal Tax rate) if I only pay minimum drive off fees? I have Tier 1 Credit. Assume I get vehicle at invoive (~$32650) minus current $2000 GMC incentive. Thanks
  • mjbrady77mjbrady77 Posts: 1
    I am interested in leasing a Yukon SLT. The dealer told me I could only get $1,500 of the GM incentive, since it is a lease. Does this sound correct or should a lessee get $2,500? Here are the details, please let me know if the deal sounds good....

    MSRP - $50,175
    Sale Price - $46,111
    48 months/15,000 miles/$0 down/7.7 sell rate/52% residual - $673 p/month

    OR

    MSRP - $50,175
    Sale Price - $46,111
    39 months/15,000 miles/$0 down/7.7 sell rate/59% residual - $685 p/month

    Thanks for the advice!!!
  • cams3cams3 Posts: 3
    Ok guys here are my numbers, I just got my certificate for a supplier dealer discount and printed up my window sticker on https://www.gmfamilyfirst.com/ip-gmemployee/

    Yukon SLT

    Total MSRP: $42,950.00
    Supplier Price: $39,482.86
    Current Offers: - $2,000.00 (cash back incentive)
    Net Price: $37,482.86

    What type of lease payment should i be looking at? Im going to the dealer tomorrow. Any advice would be helpful
    Located in NY

    thanks
  • Here you go, mcgdoc. GMAC's current base lease rate and residual value for a 24 month lease of a 2007 GMC Yukon Denali with 15,000 miles per year are 7.2% and 67%, respectively. The numbers for an otherwise identical 36 month lease are 7.2% and 60%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

    Car_man
    Host
    Prices Paid Forum
  • cams3cams3 Posts: 3
    Hello Car_Man

    Any chance you can give me some advice on the above info(post #76).. Im going to the dealer today, what should i be expecting

    thanks
  • Hello roj. 15,000 miles per year is the highest mileage allowance that GMAC publishes residual values for. You would be able to lease a vehicle through it with a higher mileage allowance than that, but in order to do so you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.

    GMAC's current base lease rate and residual value for a 36 month lease of a GMC Yukon with 15,000 miles per year are 7.2% and 60%, respectively. The numbers for an otherwise identical 48 month lease are 7.2% and 52%. Let's use this lease program to work up a sample payment for you. According to my calculations, if you were to lease an '07 GMC Yukon that has an MSRP of $35,525 and a selling price off $32,650 (the $2,000 cash incentive is not compatible with leases) through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $477. The payment for an otherwise identical 48 month lease would be around $449.

    Car_man
    Host
    Prices Paid Forum
  • Hi mjbrady77. GM's normal customer cash incentive is not available on leases through GMAC. I have even worse news for you. If you haven't leases already, you will not be able to take advantage of the $1,500 cash incentive either. This bonus cash incentive was available on the '07 Yukon in late may and it was not extended for the month of June. Having said this, I suspect that GM will introduce some sort of enhancement to its June program later on this month.

    I assume that the selling prices you mentioned for this truck are taking the bonus cash into account. If so, they're not bad. If not, they're outstanding.

    Car_man
    Host
    Prices Paid Forum
  • Hi cams3. Unfortunately, the $2,000 customer cash incentive that General Motors is providing on the 2007 GMC Yukon is not available on leases of it through GMAC. Let's work up a sample lease payment for you and see what we come up with. You never mentioned how long you want to lease this truck for or what mileage allowance you need, so for now I will assume that you are going with a 36 month lease with 15,000 miles per year. Let me know if you want something different. According to my calculations, if you were to lease a 2007 GMC Yukon that has an MSRP of $42,950 and a selling price of $39,483 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $577.

    Car_man
    Host
    Prices Paid Forum
  • hoss3hoss3 Posts: 7
    OK I Hope you can get me a anwser quick I live in the Pittsburgh, PA area and got a quote on a 39 month 12k a year lease on a total loaded short cab denail MSRP 56K down to 52637 ---- monthly payment @ 856... what do you think? thanks for your help and time. if it's too high what should I be looking for in terms of a payment and final sale price? thanks again!
  • hoss3hoss3 Posts: 7
    IS anyone around to anwser my question???
  • ruccorucco Posts: 3
    Carman
    looking to lease a denali loaded nav,dvd ect. about
    55k sticker price
    getting price of 660 a month
    39 month 12k 4000k out the door
    thank rucco
  • hoss3hoss3 Posts: 7
    can anyone anwser my question?? above.

    rucco wow wherte are you getting that price? is it an 07? are you trading anything in? is that 4K a down payment?

    hoss
  • ruccorucco Posts: 3
    trading nothing gmc in broward county fl I think it's called sheane gmc on fed hwy yes it's a 07
  • ruccorucco Posts: 3
    any body got lease #'s on a 07 denali loaded 39 month 12k
    4k down getting prices of 660 a month
  • Hi rucco. Are you asking for someone to provide you with their opinion of this deal. If so, I would be happy to share my thoughts on it with you. It would be much easier for me to do so if I knew what this truck's MSRP and selling price are. You never mentioned either of these numbers in your post. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment.

    For now I can tell you that it would be in your best interest not to pay $4,000 at lease signing. I always advise consumers not to make large down payments when leasing. Consumers who do risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be a little higher.

    Car_man
    Host
    Prices Paid Forum
  • Hey rucco. As far as this truck's lease program goes, GMAC's current base lease rate and residual value for a 39 month lease of a 2007 GMC Yukon with 12,000 miles per year are 6.9% and 62%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • I just did a smartbuy on a $47k Yukon XL.
    The smartbuy was better because I had a trade that was a smartbuy that had a high residual.
    I but down $2000 total out of pocket.
    My payment for a 24 month smartbuy 10k a year would be $356.

    But I did the 36 month 12k with smartlease protect for $398.

    There are some great rebates that applied on my lease:

    1. $4000 if you can find one built before Nov 12th 2006.
    2. $1000 lease loyalty
    3. $250 dpa
    4. $264 Gm card
    5. GMS
  • Congratulations on getting your new Yukon XL, godsthere. Thanks for taking the time to share the details of your deal with everyone. Make sure to stop by the new Dealer Ratings & Reviews section of this site to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride :) .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey Jim53, I was told the same thing at the GM dealership after recently negotiating the selling price of a 2008 Denali. They told me that the $1K or 2K rebates were only good for cash (transactions) not leasing.
  • Hey Carman - what are your thoughts about a 2008 loaded Yukon denali, MSRP $55,205. Getting sales price of $51,500?
    On a lease for this vehicle, the quote for 39mth lease/ 10K miles @8.2 APR = $698.00 (with $3500K down)??
This discussion has been closed.