2020 Chevrolet Traverse Lease Deals and Prices

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  • kyfdxkyfdx Moderator Posts: 268,463
    Scott8282 said:

    The MSRP is $48,500. The specific payments are off of the specific prices of $39k and $40k assuming I could negotiate the price down to those points.

    What are you using for an adjusted CAP cost with the selling prices of $39K and $40K?

    If you are plugging numbers into a lease calculator, we can't see what's being added or subtracted.

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  • Scott8282Scott8282 Member Posts: 20
    I thought $39k and $40k are the adjusted cap costs. Am I missing something?
  • Scott8282Scott8282 Member Posts: 20
    $39k and $40k would be the price with incentives no money down.
  • kyfdxkyfdx Moderator Posts: 268,463
    Scott8282 said:

    $39k and $40k would be the price with incentives no money down.

    Then you are definitely doing the math wrong.

    If nothing added to those prices, then

    $39K: $346/mo
    $40K: $374/mo

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  • Scott8282Scott8282 Member Posts: 20
    This is how I came up with my math, maybe you could show me what I’m doing wrong I appreciate the help. So MSRP is $48,500, and the adjusted cap cost with various incentives and a little negotiation I came up with $40,000. I think where I may have messed up is I figured the residual amount by multiplying the 58% by $40k the adjusted cap cost. Should it have been 58 mutliplied by the MSRP of $48,500?
  • kyfdxkyfdx Moderator Posts: 268,463
    Scott8282 said:

    This is how I came up with my math, maybe you could show me what I’m doing wrong I appreciate the help. So MSRP is $48,500, and the adjusted cap cost with various incentives and a little negotiation I came up with $40,000. I think where I may have messed up is I figured the residual amount by multiplying the 58% by $40k the adjusted cap cost. Should it have been 58 mutliplied by the MSRP of $48,500?

    Correct. Residual is always a percentage of the full MSRP

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  • Scott8282Scott8282 Member Posts: 20
    Thank you for your help and patience, much appreciated.
  • Scott8282Scott8282 Member Posts: 20
    Question are these numbers the lowest a dealer would go? Or more of there starting point?
  • kyfdxkyfdx Moderator Posts: 268,463
    Scott8282 said:

    Question are these numbers the lowest a dealer would go? Or more of there starting point?

    Lowest MF for top tier credit

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  • Scott8282Scott8282 Member Posts: 20
    So here's the deal I'm considering. 2020 Traverse RS MSRP $48,500. 36 month 10k mile lease, $432 a month with just tax and fees down.
  • MichaellMichaell Moderator Posts: 265,650
    Scott8282 said:

    So here's the deal I'm considering. 2020 Traverse RS MSRP $48,500. 36 month 10k mile lease, $432 a month with just tax and fees down.

    What is your location?
    FWD or AWD?
    Selling price?
    How much does "taxes and fees down" come to, specifically?

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  • Scott8282Scott8282 Member Posts: 20
    11782 58% .00065 AWD. 46900 cap before incentives.
  • MichaellMichaell Moderator Posts: 265,650
    Scott8282 said:

    11782 58% .00065 AWD. 46900 cap before incentives.

    And how much is due from you, on that quote?

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  • Scott8282Scott8282 Member Posts: 20
    So I just want to double check the numbers for a 2020 Traverse AWD 2LT RS 36 months 10k lease, 11782? I’ve been going off of .00065 and 58% and so have more than two dealers I’ve went to. I just went to one today and they say it’s 54%? Is there a website or screen shot of the current numbers? Thanks.
  • kyfdxkyfdx Moderator Posts: 268,463
    Scott8282 said:

    So I just want to double check the numbers for a 2020 Traverse AWD 2LT RS 36 months 10k lease, 11782? I’ve been going off of .00065 and 58% and so have more than two dealers I’ve went to. I just went to one today and they say it’s 54%? Is there a website or screen shot of the current numbers? Thanks.

    .00065 MF and 58% residual
    $2000 customer incentive

    No, no website.

    Verify the term they are quoting. Make sure it is 36 months

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  • Scott8282Scott8282 Member Posts: 20
    They showed me on their screen that 39 months was 51% and a note that said add 3% for 36 months. Total of 54%. Keep in mind their sales manager yesterday said 58%.
  • MichaellMichaell Moderator Posts: 265,650
    Scott8282 said:

    They showed me on their screen that 39 months was 51% and a note that said add 3% for 36 months. Total of 54%. Keep in mind their sales manager yesterday said 58%.

    Confirm the bank they are using - our numbers come from GM Financial.

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  • jm0nahanjm0nahan Member Posts: 10
    Hello. Can you please provide the MF, RV, and any available incentives for the RS & LT Leather AWD for 36/10 in 10312?
  • kyfdxkyfdx Moderator Posts: 268,463
    jm0nahan said:

    Hello. Can you please provide the MF, RV, and any available incentives for the RS & LT Leather AWD for 36/10 in 10312?

    LT: .00071 MF and 58% residual
    RS: .00065 MF and 58% residual

    $2000 customer incentive

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  • Scott8282Scott8282 Member Posts: 20
    Michaell said:

    Scott8282 said:

    They showed me on their screen that 39 months was 51% and a note that said add 3% for 36 months. Total of 54%. Keep in mind their sales manager yesterday said 58%.

    Confirm the bank they are using - our numbers come from GM Financial.
    So I circled back and got in touch with the original sales manager. He confirmed mine and his numbers were correct. .00065 58%. In any case he honored the original number he gave me which was: $444mo/10k $2996 due at signing which includes 1st month taxes and fees. MSRP $48,500 ACC $42,500.

  • Scott8282Scott8282 Member Posts: 20
    Thanks for everyones help along the way.
  • MichaellMichaell Moderator Posts: 265,650
    Scott8282 said:

    Michaell said:

    Scott8282 said:

    They showed me on their screen that 39 months was 51% and a note that said add 3% for 36 months. Total of 54%. Keep in mind their sales manager yesterday said 58%.

    Confirm the bank they are using - our numbers come from GM Financial.
    So I circled back and got in touch with the original sales manager. He confirmed mine and his numbers were correct. .00065 58%. In any case he honored the original number he gave me which was: $444mo/10k $2996 due at signing which includes 1st month taxes and fees. MSRP $48,500 ACC $42,500.

    Scott8282 said:

    Thanks for everyones help along the way.

    You signed?

    Congrats!

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  • BT18BT18 Member Posts: 95
    2020 LT cloth and LT leather AWD , RV MF and Incentives
    11230
    24/10
    36/10

    Thanks for your time!
  • kyfdxkyfdx Moderator Posts: 268,463
    BT18 said:

    2020 LT cloth and LT leather AWD , RV MF and Incentives
    11230
    24/10
    36/10

    Thanks for your time!

    1LT
    .00089 MF and 67% residual
    .00081 MF and 59% residual

    3LT
    .00093 MF and 67% residual
    .00071 MF and 58% residual


    $2000 customer incentive

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  • English_IvyEnglish_Ivy Member Posts: 3
    edited October 2020
    Can I please have the numbers and incentives for 2020 Traverse LT leather 36/12k zip code 20744? Thank you.
  • MichaellMichaell Moderator Posts: 265,650
    English_Ivy said:

    Can I please have the numbers and incentives for 2020 Traverse LT leather 36/12k zip code 20744? Thank you.

    .00071 and 57%
    No incentives

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  • Mach457Mach457 Member Posts: 23
    Hello and thanks! Can I get mf,rv, and incentives for 2020 and 2021 36/12 for 3lt and 1lz redline in 33186?
  • kyfdxkyfdx Moderator Posts: 268,463
    Mach457 said:

    Hello and thanks! Can I get mf,rv, and incentives for 2020 and 2021 36/12 for 3lt and 1lz redline in 33186?

    2020
    3LT: .00071 MF and 57% residual
    1LZ: .00065 MF and 53% residual

    No lease incentives

    2021:
    No numbers, yet

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  • Mach457Mach457 Member Posts: 23
    Costco site and dealership are showing some. example $2250 customer cash, $750 conquest, $1000 Costco. I trust the great kyfdx that's why im asking maybe I saw wrong
  • MichaellMichaell Moderator Posts: 265,650
    Mach457 said:

    Costco site and dealership are showing some. example $2250 customer cash, $750 conquest, $1000 Costco. I trust the great kyfdx that's why im asking maybe I saw wrong

    Customer cash is for purchase.

    No info on Costco.

    I confirm the $750 conquest

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  • Mach457Mach457 Member Posts: 23
    ok thanks
  • Mach457Mach457 Member Posts: 23
    @kyfdx and @Michaell thanks for everything you guys do, if not to much to ask, from you're expertise do you see any good numbers for a 3row suv this month? You guys have been giving me numbers for some but might be overlooking a solid mf,rv,incentive one. I know its a broad question. For example I've looked at xc90, highlander, Explorer, traverse so its those range vehicles. I understand if its an unanswerable question thought id ask just in case I might be overlooking something.
  • MichaellMichaell Moderator Posts: 265,650
    Mach457 said:

    @kyfdx and @Michaell thanks for everything you guys do, if not to much to ask, from you're expertise do you see any good numbers for a 3row suv this month? You guys have been giving me numbers for some but might be overlooking a solid mf,rv,incentive one. I know its a broad question. For example I've looked at xc90, highlander, Explorer, traverse so its those range vehicles. I understand if its an unanswerable question thought id ask just in case I might be overlooking something.

    The best deals right now are on the Acura MDX - a new model is coming out soon, so Acura finance and dealers are trying to unload the old models.

    Lots of members are reporting 1% deals (payment of 1% of the MSRP, which is general guideline for a good lease deal).

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  • Joe3874Joe3874 Member Posts: 4
    edited October 2020
    2020 Traverse RS (AWD 2LT), 36mo, 15k miles, zip 18066. Does it go by zip where you live or dealer zip? Info please thanks!
  • kyfdxkyfdx Moderator Posts: 268,463
    Joe3874 said:

    2020 Traverse RS (AWD 2LT), 36mo, 15k miles, zip 18066. Does it go by zip where you live or dealer zip? Info please thanks!

    .00065 MF and 55% residual
    $2000 customer incentive

    Dealer location

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  • Joe3874Joe3874 Member Posts: 4
    kyfdx said:

    Joe3874 said:

    2020 Traverse RS (AWD 2LT), 36mo, 15k miles, zip 18066. Does it go by zip where you live or dealer zip? Info please thanks!

    .00065 MF and 55% residual
    $2000 customer incentive

    Dealer location
    Ohhh, this ones farther from me, can you please change zip to 22312
  • kyfdxkyfdx Moderator Posts: 268,463
    Joe3874 said:

    kyfdx said:

    Joe3874 said:

    2020 Traverse RS (AWD 2LT), 36mo, 15k miles, zip 18066. Does it go by zip where you live or dealer zip? Info please thanks!

    .00065 MF and 55% residual
    $2000 customer incentive

    Dealer location
    Ohhh, this ones farther from me, can you please change zip to 22312
    No incentive in that area

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  • thisisconorthisisconor Member Posts: 5
    May I please have the RV/MF for 2020 Traverse Premier in zip code 63143. 36/12k
    Also any incentives?
    Thanks!
  • MichaellMichaell Moderator Posts: 265,650
    thisisconor said:

    May I please have the RV/MF for 2020 Traverse Premier in zip code 63143. 36/12k
    Also any incentives?
    Thanks!

    .00065 and 53%
    No incentives

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  • jrsafjrsaf Member Posts: 31
    Hello,

    Can i get numbers for the below trims for 24/10 zip 90744?

    FWD 2LT
    FWD 1LS
    FWD 1LT


    Thank You
  • kyfdxkyfdx Moderator Posts: 268,463
    jrsaf said:

    Hello,

    Can i get numbers for the below trims for 24/10 zip 90744?

    FWD 2LT
    FWD 1LS
    FWD 1LT


    Thank You

    .00085 MF and 67% residual
    .00145 MF and 69% residual
    .00089 MF and 67% residual

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  • hagan16hagan16 Member Posts: 48
    Could you please let me know the MF/RV for a 36/10 lease on a 2020 Premier, RS & LT Leather Traverse AWD for 08021 and any incentives/rebates offered? Thanks
  • MichaellMichaell Moderator Posts: 265,650
    hagan16 said:

    Could you please let me know the MF/RV for a 36/10 lease on a 2020 Premier, RS & LT Leather Traverse AWD for 08021 and any incentives/rebates offered? Thanks

    LT-Leather - .00071 and 58%
    Premier - .00065 and 54%
    RS - .00065 and 58%
    $2000 customer incentive

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  • golf31golf31 Member Posts: 42
    Hi - would you be able to provide the MF, residual, and incentives for AWD 1LT, RS, and redline? 12k miles. zi 07631. Can you provide both the 2020 and 2021 (if its out). Thank you!
  • kyfdxkyfdx Moderator Posts: 268,463
    golf31 said:

    Hi - would you be able to provide the MF, residual, and incentives for AWD 1LT, RS, and redline? 12k miles. zi 07631. Can you provide both the 2020 and 2021 (if its out). Thank you!

    2020
    36/12

    1LT: .00081 MF and 58% residual
    RS: .00065 MF and 57% residual

    $2000 customer incentive

    Don't see a Redline trim

    2021 discussion:
    https://forums.edmunds.com/discussion/63604/chevrolet/traverse/2021-chevrolet-traverse-lease-deals-and-prices#latest

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  • beroberoberobero Member Posts: 6
    Can I please have the RV / MF and any incentives for a 2020 Traverse Premier AWD, 36/12K - 13039
    And
    Can I please have the RV / MF and any incentives for a 2020 Traverse High Country AWD, 36/12K - 13039
  • MichaellMichaell Moderator Posts: 265,650
    berobero said:

    Can I please have the RV / MF and any incentives for a 2020 Traverse Premier AWD, 36/12K - 13039
    And
    Can I please have the RV / MF and any incentives for a 2020 Traverse High Country AWD, 36/12K - 13039

    Prem - .00065 and 53%
    HC - .00069 and 53%
    No incentives

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  • jm0nahanjm0nahan Member Posts: 10
    Hello. Can you please provide the MF, RV, and any available incentives for the RS & LT Leather AWD for 36/10 in 10312?
  • MichaellMichaell Moderator Posts: 265,650
    jm0nahan said:

    Hello. Can you please provide the MF, RV, and any available incentives for the RS & LT Leather AWD for 36/10 in 10312?

    3LT - .00071 and 58%
    RS - .00065 and 58%
    $2000 customer incentive

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  • cgriffith1cgriffith1 Member Posts: 9
    edited November 2020
    Hello, can I get the MF, RV, incentives for 3LT - FWD, 36/12k, zip 92083.
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