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Lease Deal Check

cfghmikecfghmike Member Posts: 16
edited January 16 in Chevrolet
I'm new to negotiating leases, especially online. But here is what I was able to do. I think it's a good deal. The leasehacker calculator, if I filled it out properly, seems to think it's a good deal. Now I just want some people's feedback.

2021 Chevy Silverado LTZ Crew 2WD

MSRP: 54,440
Discount: 2,735.65
Selling Price: 49,704.35
Trade Allowance: 34,000
Trade Payoff: 36,136
Total Rebates: 1,500
Customer Cash: 583.75
Term: 36
Residual: 30,939.60

Payment: 583.75
MF: .00011
15,000 miles

Comments

  • MichaellMichaell ColoradoModerator Posts: 182,302
    cfghmike said:

    I'm new to negotiating leases, especially online. But here is what I was able to do. I think it's a good deal. The leasehacker calculator, if I filled it out properly, seems to think it's a good deal. Now I just want some people's feedback.

    2021 Chevy Silverado LTZ Crew 2WD

    MSRP: 54,440
    Discount: 2,735.65
    Selling Price: 49,704.35
    Trade Allowance: 34,000
    Trade Payoff: 36,136
    Total Rebates: 1,500
    Customer Cash: 583.75
    Term: 36
    Residual: 30,939.60

    Payment: 583.75
    MF: .00011
    15,000 miles

    What is your location?
    Only first payment is due at signing?

    The negative equity is adding close to $60/mo to the payment. Why trade in now, when you're upside down?

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • cfghmikecfghmike Member Posts: 16
    Located in 75009
    $0 DAS

    The vehicle I'm trading is unable to accommodate my children's car seats. And due to a move, their school is located substantially further away so it's stacking miles on my other car.
  • kyfdxkyfdx Moderator Posts: 187,316
    cfghmike said:

    Located in 75009
    $0 DAS

    The vehicle I'm trading is unable to accommodate my children's car seats. And due to a move, their school is located substantially further away so it's stacking miles on my other car.

    Seems like a pretty good deal, especially considering TX sales tax

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

    Edmunds Moderator

  • LB02LB02 21231Member Posts: 12
    Hi, what does it mean $2500 retail customer cash in the disclosure on the website dealers?
  • MichaellMichaell ColoradoModerator Posts: 182,302
    LB02 said:

    Hi, what does it mean $2500 retail customer cash in the disclosure on the website dealers?

    Retail cash is a purchase incentive.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • LB02LB02 21231Member Posts: 12
    Hi guys, I have two questions about leasing:
    1. Turn in fee can it be avoided?
    2. Reading my lease contract on part 13 called estimated fees ad taxes during lease term. It does say that I have to reimburse the lessor the amount of $1835.80. Is this an extra charge or is it included on my monthly payments?
  • MichaellMichaell ColoradoModerator Posts: 182,302
    LB02 said:

    Hi guys, I have two questions about leasing:
    1. Turn in fee can it be avoided?
    2. Reading my lease contract on part 13 called estimated fees ad taxes during lease term. It does say that I have to reimburse the lessor the amount of $1835.80. Is this an extra charge or is it included on my monthly payments?

    If you lease another car of the same brand, the disposition fee is waived. Otherwise, no.

    You'll have to ask the dealer if the taxes and fees are paid up front, or included into the monthly payment.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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