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Chevrolet Silverado Lease Questions
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My point was simply... for those that need or even want a truck or suv and can afford the fuel expense, awesome deals can be had right now with big rebates and/or low financing.
Rebates are up to ~$4500 on most Silverdo models right now as compared to ~$1500 a year ago at this time. Economically it may be a poor decision, but the cost to own is the business of the buyer, and cannot be made as a generality.
You are certainly entitled to your opinion, and it is welcomed as this is a public forum, but my point was and still is that... regardless of the oil market, very aggressive deals can be had on large trucks and suv's right now.
Car_man
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My dealer told me that the 2008's that they have is all that they will get because GM is done making 08's now... not sure how true that is though...
There are still several 07s out there and the deals aren't that hot on those either.
American axle strike has been settled, so the 09s should be able to roll off on time.
What are the current residual, lease rate for 08 Silverado 1500 Ext Cab 2WD for 36 month 10,000 miles in SE MIchigan area?
Thanks
Car_man
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Car_man
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Car_man
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What are the current lease numbers for a 2008 Silverado 1500 Crewcab 4X4 24 and 36 month leases 10,000 miles per year? My zipcode is 68101. THanks.
Car_man
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Do you have the current lease rates and CCR for the Silverado LT and LTZ Crewcab 4WD for 36 months and 15k miles per year? Is GM still waiving the security deposit on leases of this vehicle?
Thanks.
Ally's current base lease rate for 36 month leases of any 2011 Chevrolet Silverado 1500 is 2.8%.
Its residual value for a 36 month, 15k lease of a 2011 Silverado 1500 Crew Cab LT 4WD is 47%.
The resid for an otherwise identical lease of an '11 Silverado 1500 Crew Cab LTZ 4WD is 45%.
General Motors is currently providing a $3,200 cash incentive on leases of these trucks through Ally.
Car_man
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Do you have the current lease rates and residuals for a 2011 Silverado LT Extended cab 4WD for 39 months, both 12K and 15K miles through Ally Bank?
Also is the $3,200 incentive still good on Ally leases?
Thanks
Car_man
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For now I can tell you that Ally's current base lease rate for a 36 month lease of any '11 Silverado is 3.05%.
Also, General Motors is currently providing a whopping $5,050 cash incentive on leases of the '11 Silverado through Ally.
Car_man
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Car_man
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Car_man
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Of course they're trying to tell me Chevy's example is a stripped down 2 wheel drive LS, which I knew to be untrue. Something didn't jive with me. Then they came back with $3000 at signing and $410/month, with the price at dealer invoice, 34,000 and change. Still doesn't sound right to me, which I am now guessing they are still holding back the incentive of $5050 which will allow them to go way below invoice. Is that correct?
In my math, and I may be off base. I am thinking if I pay the 1729, pay the taxes and the tags, I am thinking it should just be less than $300/month, roughly $290. If I roll in the taxes and give them $1729, $305/month.
Car_man, could you help me out? All I know is when I leased my wife's Jeep a few years ago, they wanted $2000 down and $495/mo. By the time I put my jacket on to walk out they scrambled. Ended up, I gave them first payment & tag costs, $500. The "new" payment was $325/mo. and this is why I hate car shopping.
Thanks
Hutchy
Car_man
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Can you elaborate on the mentioned $5,050 incentive? Is this in lieu of any other incentive (i.e., $2500 or 0% Financing) or is this in addition to other incentives? Either way, that much of a Cap Cost Reduction makes for an incredible deal on a lease payment assuming the Money factor is still at 3.05%. How long is this in effect? I'm salivating right now...can you tell?
The 3.05% lease rate is still in effect through the end of the year.
Car_man
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First asking price from the sales man was 378, last offer was 348. He used to US bank , not Ally and would not explain why he wouldn't use Ally when questioned. He also stated that I didn't qualify for all the incentives a mailer for GM owners, and USAA.
Any help Car_Man would be appreciated. Are the lease incentives through Ally still available, and could you give me a price where you think i should shoot for. I was thinking 269+ Tax and Tags would put me around 295-300.
Thanks
Car_man
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Any update on 2011 Crew Cab LT or LS Lease Details. Did the $5050 carry over in to the new year. Any major changes to the interest rate and residual value? I am looking for a 15K lease. I'm currently in a 2008 Ext Cab LTZ with 4 payments left on my lease.
Thanks.
Any update on 2011 Crew Cab LT or LS Lease Details. Did the $5050 carry over in to the new year. Any major changes to the interest rate and residual value? I am looking for a 15K lease. I'm currently in a 2008 Ext Cab LTZ with 4 payments left on my lease.
Thanks.
I bought a new 2010 Impala LTZ a few months ago. I have 6,000 miles on it now. I have been having this bad sulfur/rotten egg smell from the exhaust since about a week after I had it. I finally brought it into the shop and they said they found no issues, and it is probably bad fuel. I questioned the fact that I can run the same fuel in my 2011 Kia Sorento, and my 2009 Civic without the smell, so I don’t think it is the fuel. They told me there isnt anything they can do and again advised that I run a tank of quality fuel through it and see if that helps. So, I did what they said. I actually ran three tanks of Exxon through it, and one tank of shell, and the smell never went away. I called GM customer service and they asked if I was getting fuel at the same stations, or if the stations were close to each other. I told them yes, except the shell, which was across town. The gm customer service lady said " well, maybe the stations are getting the same fuel, and you might need to try other stations". I could not believe it! My car smells like rotten eggs...my two other cars run fine on the same gas, I tried higher grade gas like shell and Exxon and still no change, now they want me to drive all over town trying different fuels!!! I tried to get them to understand that I have NEVER had to worry about what fuels I use in any car that I have owned, and I have owned many GM cars in the past, and that they need to look at this Impala. So the customer service lady said to bring it back in and she would tell the dealer to look at it again. I take time out of my day, bring it in, I asked for a loaner and they didn’t provide one, which just added to the fun of it. They looked it over and called me and told me they still didn’t find anything wrong, and didn’t smell it this time at all. Wow! I can’t believe they didn’t smell it! ( or maybe it just looked better on the paperwork for them not to smell anything). I picked the car up and they gave me a TSB Bulletin that basically said that the smell is caused by high sulfur fuels and instructs the service dept not to replace parts because it is a fuel issue. I tried to get them to explain why my car smells, but other new GM cars do not, but they still said it was a fuel issue.
So, my warning is that if you get a Gm car or truck that smells like sulfur/rotten eggs, GM will not fix this and you will have to endure the smell. I really didn’t expect to pay 25k for a car that smells horrible. I put my trust and money into GM/Chevy, and that was a mistake. Now I get to smell sulfur when I pull up to the drive-thu’s ( banks/Fast food), and have family/friends who follow me to places tell me my car stinks, and clients who I have in the car tell me " have that fixed, it is the catalytic converter"...etc.
I would highly recommend that you go with a Kia, or Honda, or some other brand that actually can burn any fuel out there without it smelling. Gm seems to not want to disclose that their cars can not burn today’s fuel cleanly, because if they did, there would be many folks that would not buy...including me! I hope this helps someone who feels this service issue would be important to them if they purchased GM.
If I can get these figures, I can calculate my payments.
Also, any current lease rebate info would be greatly appreciated...still wondering if it's $4300 thru Ally. Thanks.
'11 CrewCab Silverado...36-mo lease = 49% residual on 15K miles, 51% on 12K miles; 53% on 10K miles/yr.
39-mo lease is 1% lower on the residuals. Interest rate is 1.8% for now thru Ally bank.
Ally's January 36 month, 15k lease rate for an '11 Silverado 1500 Crew Cab LS or LT 2WD is 47%.
Car_man
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I am trying to lease this truck for some time but I am tired already. My numbers never get close to what the dealer is asking.
Here are the facts:
VIN: 1GCRCSE0XBZ165202
Sticker price including delivery $32460
Terms: 36 months 15000 miles.
In top of all rebates (would be good to know) I have an extra $1000 loyalty discount, and willing to put down $2000.
No Credit score problems at all.
The dealers offer after 1 week of back and forth is $497/mo with $1555 down - In my books this is a little too much and I am tired of negotiating.
If somebody would guide me in the right direction I am ready to take this truck tomorrow.
Thank you ..
Are they taking the $4400 GM lease incentive off your capitalized cost?
I did a rough estimate (taking $2K off MSRP), then another $4400 lease incentive, using 15K miles, 47% residual, 36-mo, 1.8% int and got $360/mo, with no extra down, using 8.75% tax.
With an extra $1K off for GM loyalty, your payment should be around $329/mo, with tax, NO extra money down.
I think your dealer is forgetting the $4400 or not telling you about it. Without it your payment goes to $486/mo...$465/mo if only giving you the $1K in GM loyalty. You can crunch the #'s yourself at:
http://www.leaseguide.com/calc.htm
Do you think the dealer will take $2000 off MSRP and give the $4400 lease incentive as well? That is a hard push but worth a try.
The problem with car shopping is that we are not doing it often so every time is a new chalange.
Sometimes I wish car shopping would be like shopping for shoes .... This is the price, take it or leave it so, we would not have to waste days to figure out if we get screwed or f~~~ed.
Dealer cost includes invoice plus some BS advertising/training fees...anywhere from a few hundred to $800 over invoice...make them show you this! They have to if you ask...all of the dealerships did that I went to. If they don't, walk out. Remember, invoice on these trucks is about $2500 to $3K under sticker. Don't negotiation from sticker...negotiate from invoice (or dealer cost)....you can get UNDER dealer cost. GM sends the dealer a 3% check for the holdback after the sale, 3% of invoice to dealer...all profit. So they still make money if you buy a bit under their "cost." Good luck
Can you provide the lease rates and residuals for feb. on the Lt and Ltz trim. 4x4 crew cab. 10k miles 36 months. Southern California.Can you also let me know if the lease cash is still available. I know this is asking alot but can you provide the rates form both ally and us bank if you have them. Thank you your help is always appreciated.
The lease rate for an otherwise identical lease of a Silverado Crew Cab LTZ 4WD is the same, but its residual value is 50%.
The lease rate for US Bank is 0.84%.
GM is currently providing a $4,400 cash incentive on leases of this truck through Ally and $4,050 on leases through US Bank.
Car_man
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Do you have the 24/27 month rate and residual for the Silverado LT Crew Cab 4WD and LTZ Crew Cab 4WD with 15k miles per year.
Thanks
The numbers for an otherwise identical lease of a 2011 Silverado LTZ Crew Cab 4WD with 15,000 miles per year are 0.15% and 52%.
When negotiating your lease on this truck, make sure to take advantage of the $4,400 cash incentive that is currently available on leases of it through Ally.
Car_man
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ok, so I am looking to lease an LT crew cab 1500. my buddy owns the chevy dealership and said he is leasing me the truck at "his cost" could you confirm the following?
his cost 36,417.26 (msrp 38,430.00) + 187.00 doc fee = 36,604.26
minus trade 15,000.00 = 21,604.26- rebate 2,500.00= 19,104.26
plus payoff 13,400.00= 32,504.26-gm card 3,000.00= $29,504.26
payments 197.00/39 months
is this really his cost and is it a good deal?
thanks in advance!
You can look up the dealer invoice price of the exact truck that you want over in the New Vehicle Pricing section of Edmunds.com.
As far as the cash incentives that are available on this truck go, while General Motors is providing $2,500 consumer cash on it that cash is for cash purchases. GM is actually providing more cash on leases of it. Specifically, GM is providing a $3,700 cash incentive on 39 month leases of it through Ally.
Car_man
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Did this lease program change for March?
Thanks
Car_man
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