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2013 and earlier GMC Acadia Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
General Motors is currently providing a $2,000 cash incentive on leases of this truck through Ally.
Car_man
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Looking to lease a 2011 Acadia AWD SLE with Rear DVD.
Can you work up a lease payment for me. Im in NY. I'm shopping around.
MSRP - 39,795 - I know the residual is 54%.
THe dealer invoice is $37,445
Here in N Texas GMC is advertising a $339 monthly payment on a 2011 Arcadia SL with MSRP of $32,615. 39 month lease 39k miles and $1,969 down.
Are the GMC advertised leases a good deal?
I negotiated a price lower $1300 lower than MSRP, will that lower the payment or used to lower the downpament?
Is there any additional money ($2,000 rebate) that will be available to apply to lower the payment?
Thanks
Mark
Car_man
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How do we get a listing of current lease rates? We are in San Diego, looking at an SLT2 Acadia - list price $43155. Would like to know rates for 12K/36mo, 12K/39mo. Based on the other postings, I would expect a residual at or above 50% (we've been told 49%) and a money factor equivalent to 2.45%. Is the rebate on a lease $2000? We were told $1250...
thanks -
2011 Acadia Denali AWD
Nav, Entertainment
Carbon black paint
MSRP 49,525
Leasing for 39 months
12k miles/year
1) Invoice price - the MSRP is 49,525. Edmunds and KBB say the invoice price is $46,876 (Edmunds slightly higher, but diff is incorrect destination charge). Dealers I have spoken with claim the invoice price is 47,571 - one even offered to send me the dealer sheet that shows that. Which one is correct and what is the difference?
2) Cash back - GMC (calling the HQ sales # on the website) says that the 2,000 cash back offer applies to any lease I would get as well. Two dealers I have been working with say that this is incorrect; that the 2,000 cash back applies only to purchases. They claim that the promo is effectively bundled into the promotional rates on leases. For example, my current best deal for this car is for $625/mo (incl. NYC taxes) and a $722 drive-off. The lease is through Ally, with a $1,000 lease rebate and a 0.30% lease rate for 39 months. Both dealers say the GMC HQ comment is just dead wrong, but it seems from reading prior discussions on this forum the cash back is generally available. What is the right answer here?
3) I see a few people on this forum getting their cars for below invoice (even after deducting mfr cash back). How is this possible? Where are dealers getting their profit from then? Does invoice price not accurately reflect dealer cost?
Any near-term help would be greatly appreciated, as I am likely to move forward today or tomorrow. Thanks!
Can you please post the money factor and residual for a 12,000 mile per year, 36-month lease on a 2011 GMC Acadia Denali? I have a supplier discount so that should get my cap cost pretty low but I want to estimate my payments. Thanks.
Can you tell me the current lease rates and residuals for a 2011 SLT-1 or SLT-2? Looking to lease for 36 months with 15,000 miles. Must make a decision soon as my current lease is up next week.
Thanks!
.00015 MF
51% residual
The numbers for an otherwise identical 39 month lease are 0.3% and 48%.
General Motors is currently providing a $1,000 cash incentive on leases of this truck through Ally.
The $1,250 that you were told about is for leases through US Bank. US Bank's base lease rate for the aforementioned terms would be 0.36%.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The lease rate would be exactly the same for the SLT2 AWD, but its residual value is 1% lower.
Car_man
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Residual – 49%
Term – 39 months (15000) miles a year
MSRP - $39,795
Lease Price - $38,251.94
Trade Allowance - $23,125
Your Payoff - $20,177.24
Payment w/o Taxes - $406.389
Payment w/ Taxes - $443.51
Can you please post the April lease rates (MF and residual) for both an SLT-2 and a Denali for 36-month leases and 39-month leases (both at 12,000 miles per year)? Also, I don't know if you can post this information (or if you even want to) but where do you obtain these rates? I'd like to be able to get these rates myself without having to request them here. It would sure help to cut down on the amount of time involved in shopping around. Is there an online resource for obtaining current lease rates or do you simply have access to that type of info through edmunds?
How is this for a deal?
Acadia SLE - no other options
Residual – 51%
Term – 39 months (12000 miles a year)
MSRP - $37490
Lease Price - $33937 + DMV
Interest: 0.3%
Lease price (incl. tax): $447
Also, does anyone have a good lease calculator? When I run this through whatever lease calculators are online, e.g., http://www.leaseguide.com/calc.htm, I get $413/month. But the salesman told me the ones online are wrong and that whatever software they use gives them the correct amount. I also ran it through http://www.edmunds.com/car-loan/calculate-your-own-lease-payment.html, which tells you the mathematical formula, and I got the same result. Anyone have any any possible explanations?
Thanks all, in advance.
Online lease calculators are extraordinarily simplistic and aren't programmed to account for such items as capitalized taxes, capitalized first payment, etc. You haven't provided enough details such as...
(1) Amounts capitalized, if any. This could include doc fee, acquisition fee, taxes, negative equity, etc
(2) Cap reduction (Cash, Trade equity)
(2) Your state- different states compute sales tax differently
Lease calculations can be quite complex depending upon how the lease is structured. I suggest you ask the dealer for a copy of their lease worksheet so that you have all the relevant data. The worksheet is a computer generated document that provides detail on how the lease is structured. Every dealer is required to submit their lease worksheet, as well as the lease contract, to the fund provider. So, don't let them act as though they don't know what it is because they most definitely do. I usually don't have any trouble getting them except, on occasion, from Toyota Dealers.
If you have accurate data (to the penny- ballpark doesn't cut it) such as sell price, amounts financed, cap reductions, etc, I'll be happy to run the numbers using a program that I created in both Excel and Mathematica which, by the way, is spot on and capable of computing any type of lease regardless of how it is structured. I've actually caught dealers from NJ, NY, and Ohio erroneously computing sales tax as well as lease payments. They don't seem to be inclined to do anything about the flawed software they're using but did agree to compensate my clients. No, I'm not an attorney. I'm a semi-retired mathematics professor and actuary interested in helping people with leases.
All the Best,
John
The AutoLeaseGeek
Thank you for your reply. I told them not to include the doc fee or the acquisition fee in the lease amount, but perhaps they have. I will check again. The difference between what I got and they did is $30/month, which comes out to about a $1200 over the life of the lease, so perhaps that is it. The $447 figure I got includes taxes.
The cap reduction would lower my lease amount, so that can't be it.
I am in NJ, which has a 7% sales tax, and I verified that that is what he was using as well.
Here are all the numbers I have:
MSRP: 37,490
Lease Price: 33,937
Residual: 51%
Money Factor: .3% (which I think is .000125 MF)
Lease Term: 39 months
NJ Sales Tax: 7%
Using all that, I got a monthly price of $412.62. Dealer got $447.
Please let me know if that computes.
Thank you again.
Actually, I got $413.83 (including tax) which is close to your calculation and is based on the data you provided. I'm assuming no capitalized amounts and no cap reductions and that the $33,937 lease price means the same thing as selling price.
NJ computes the tax base as the sum of the taxable payments. Your taxable payment is $386.63 and the sales tax is computed as follows...
0.07 x 39 x 386.63 = $1,055.50
You can pay this upfront or capitalize it. It looks as though the dealer may have capped it which is what I did.
Apparently, the dealer must be capping other items as well to the tune of about $2,343. The doc fee is about $250 and Ally Bank's acquistion fee is $795, plus tax is about $240 short of $2,343. The best way to remedy this is to get a copy of their lease worksheet. Also, Ally Bank (GMAC) uses an interest rate and not a money factor. Hence, the 0.3% lease rate.
John
Car_man
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Unfortunately, I am not aware of any reliable source that provides information on this subject to the general public.
When negotiating your deal on this truck, make sure to take advantage of the $1,000 cash incentive that is currently available on 39-month leases of it through Ally.
Car_man
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I'll have to talk to them about Ally's acquisition fee, and whether it should be $795 versus $850.
Thanks again.
An acquistion fee is different from a dealer doc fee. The fund provider charges an acquisition fee (ally (GMAC) $795). The dealer charges a negotiable doc fee. In NJ, it should be no more than $275. Do not let the dealer charge you an $850 doc fee as that's outrageous!
John
2011 acadia SL
whaddaya think:
MSRP 35,145
sale price 33,876 (includes acq, destination and doc)
term 39 months
miles 12k
residual 18,275
rate 3%
monthy payment 405
0 down
1) i haven't done any negotiating yet, any room here?
2) any incentives i can take advantage of?
Acadia SLT 1 - AWD - MSRP 42,300
15k miles per year
39 month
$500 total out of pocket
$540/month (includes taxes)
New Jersey
The salesman came back to me with this offer:
39 month/12k lease for 550.00 per month with 5000.00 down!
Am I wrong to think that I shouldn't be putting that much down? 550 a month sounds about right....but 5000 down in addition? Seems like he is trying to take advantage of my car ignorance:) The car has a resisidual value is 20,500.
***Plus, this car has 4500 miles on it and was a demo...they are only able to lease it as a new car b/c it was never tagged or titled..
PLEASE ADVISE!!! Thank you:)
Car_man
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Car_man
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$43593 selling price (everything included)
$573 out of pocket (they said this is first months payment)
$573 a month payment (taxes included)
39 month lease 12k a year
Car man, you help is appreciated!
Car_man
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msrp $35,240
$0 DOWN
12,000 MILES/YEAR
39 month lease
quoted $461/month
UPSTATE NY
CAR MAN IS THIS A GOOD DEAL OR SHOULD I SHOP AROUND OR WAIT FOR NEXT MONTHS LEASE DEALS?