2020 Chevrolet Traverse Lease Deals and Prices

kyfdx

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.

Scott8282

I thought $39k and $40k are the adjusted cap costs. Am I missing something?

Scott8282

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

kyfdx

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

Scott8282

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?

kyfdx

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

Scott8282

Thank you for your help and patience, much appreciated.

Scott8282

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

kyfdx

Scott8282 said:

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

Lowest MF for top tier credit

Scott8282

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.

Michaell

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?

Scott8282

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

Michaell

Scott8282 said:

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

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

Scott8282

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.

kyfdx

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

Scott8282

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%.

Michaell

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.

jm0nahan

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

kyfdx

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

Scott8282

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

Thanks for everyones help along the way.

Michaell

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!

BT18

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

Thanks for your time!

kyfdx

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

English_Ivy

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

Michaell

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

Mach457

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

kyfdx

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

Mach457

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

Michaell

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

Mach457

ok thanks

Mach457

@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.

Michaell

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).

Joe3874

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

kyfdx

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

Joe3874

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

kyfdx

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

thisisconor

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

Michaell

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

jrsaf

Hello,

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

FWD 2LT
FWD 1LS
FWD 1LT


Thank You

kyfdx

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

hagan16

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

Michaell

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

golf31

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!

kyfdx

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

berobero

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

Michaell

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

jm0nahan

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

Michaell

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

cgriffith1

Hello, can I get the MF, RV, incentives for 3LT - FWD, 36/12k, zip 92083.