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2013 and earlier Chevrolet Tahoe Lease Questions

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  • CARMAN- Do you know that residuals are for the 07 Tahoe for the month of October, GM is giving $5000 in rebates and I am thinking of leasing one for either 36 or 39 months 15k per year. Can you help me out.
  • Can you lease 2007 models? I was told no when I tried to get pricing on an TB SS 2007.
  • CARMAN- Do you know what residuals are for the 07 Tahoe for the month of October, GM is giving $5000 in rebates and I am thinking of leasing one for either 36 or 39 months 15k per year. Can you help me out.
  • sdoo25sdoo25 Posts: 25
    i have been offerd a fully loaded chevrolet tahoe ltz - the elctric running boards.. a sticker price of 53,140. if i can get a selling price of 49k with the 0% financing on an 07 is that a good deal or can i do better

    You can do better. There are ads in the Tampa, FL area for $10k off MSRP (that's w/the special financing). We recently bought an 07 Suburban and had other financing so we received the rebates and got about $14k off MSRP. Check all the dealers in your area for any ads and maybe negotiate w/the internet dept instead of a regular salesman.
  • Hi, I am new to the board and looking for some guidance on what to expect for a new Tahoe LTZ 39 month 10k/yr. lease....
    MSRP is 53,370
    GMS 46,336 (which I qualify for)
    what kind of rebates or incentives are out there? I am clueless!!!
  • im looking for the best lease deal in southern california for a Tahoe LTZ. Has somebody recently leased one in the southern cal area? if so, what were the terms? Thanks.
  • Karen_SKaren_S Posts: 5,092
    A reporter seeks to talk with consumers who just purchased a new large SUV. Please send the make and model of your vehicle along with your daytime contact information to [email protected] no later than Thursday, November 8, 2007.
  • I'm new to leasing and need some help on leasing a 08 Tahoe LTZ 10k/yr and not sure on the length. What is the best way to go about getting the best deal on a lease.
  • Welcome jstewart48. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the best way to get a good deal on a lease is to focus on two numbers, the selling price of the vehicle that you want and the lease rate or money factor that is being used to calculate its monthly payment. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was in the market for a 2008 Chevrolet Suburban and I was in an area that has a decent level of competition, I personally would shoot for a selling price of around $500 over dealer invoice before the deduction of the $1,000 bonus cash that is available on this truck and see what happens.

    Once you have arrived at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using GMAC's current base lease rate of 7.2% and you're in business.

    Car_man
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  • Car Man, I negotiating a lease on a 2008 Tahoe LT2 currently. 36 months, 12k miles per year. Dealer states the money factor (with waived sec. deposit) is 8.7% and that the Bonus Cash and Customer Cash do not apply. Is this accurate?

    Thanks for all your help!
  • In case anyone is interested, here are the current lease details for Dec 07. Residual for 36 - 47 months is 60% for 15K and 63% for 12k. APR = 7.2% with sec. deposit or 7.7 without. The $1,000 customer cash is applicable to the lease, but not the $750 bonus cash.

    My deal:
    MSRP: $40,750 (Tahoe 2WD LT2)
    Lease pmts (nothing down) $499/mo for 39 months before tax.
  • I received a down payment assistance voucher that I can use towards a new 2008 tahoe that is valued at $3000 and any manufacturer rebates are in addition. Does anyone know what the catch is to this offer?
  • Hi rapbanker. GMAC's current base lease rate for the 2008 Chevrolet Tahoe is only 7.2%. It sounds funny to say "only" with a terrible lease rate like that, but it is less than the 8.7% that you were quoted. The dealer that you are working with may be trying to mark your truck's money factor up to add additional hidden back-end profit to your deal. The $2,000 customer cash that GM is offering on this truck is not compatible with this lease program.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • O.k. Just want to get your opinion on these numbers as this is the site I do all my research on.
    2008 Tahoe LTZ
    Options, Enter. Pack, Nav, captains chairs second row.
    MSRP = $52,275
    Residual = 61%
    Miles = 15000 per year
    Selling Price = $49,016
    39 Months
    Money Factor = 8.2%
    Sales Tax = 6%
    Payment = $778

    I think I need to do better on the selling price. I have $1000 loyalty money that is not factored in above but I think he is still selling the car to me a long ways from invoice. Can you tell me what invoice is on this truck and how close to it can i get? Also, are there any incentives I should be asking for? Thanks.
  • Hi longtom. The market for large SUVs, like the Chevrolet Suburban is generally pretty weak right now. As a result, if you are in an area that has a decent level of competition, I suspect that you will be able to negotiate a great deal on one. I don't know the exact dealer invoice price of the specific unit that you are interested in (you can look it up in the New Vehicle Pricing section of Edmunds.com), but I suspect that there is a gap of over $5,000 between its full MSRP and its dealer invoice price. Add the $1,000 bonus cash that General Motors recently introduced on this truck to that and you have a total of $6,000 to play with during your negotiations. I suspect that you will be able to do better than the $3,200 discount that you were quoted. I personally would shoot for a discount of $5,500 to $6,000 and see what happens.

    Once you have arrived at a selling price that you are comfortable with, have the dealer that you are working with calculate your truck's monthly payment using GMAC's base lease rate. Its current base rate for consumers who lease an '08 Chevy Tahoe and pay a security deposit at lease signing is 7.2%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • glockfanglockfan Posts: 30
    I have found a buyer for my leased Tahoe. I called GMAC and got the buyout or payoff amount for me to purchase the vehicle. Do I have to do anything different to sell the vehicle to a 3rd party? Can the buyer send the payoff amount to GMAC and have GMAC send me the title so I can sign the title over to the buyer?

    Thanks for the help.
  • glockfanglockfan Posts: 30
    I have a leased Tahoe thru GMAC. I called and got the buyout/payoff price for me to purchase the vehicle. I have found a 3rd party that wants to purchase my vehicle. Do you have to do anything special to sell a GMAC leased vehicle other than pay it off?
  • mandog12mandog12 Posts: 3
    Ok...
    I am trying to work out my numbers prior to going to the dealership and negotiating my deal... So in that note...

    I needed to know the residual values on a 2008 Tahoe 1LT for a 36 Month Lease @ 12,000 and 15,000 p/ year.

    Also, I have a 785 credit score so I'll qualify for the premier credit tier... What's the MF (rate) ?

    and lastly... If there are any rebates or incentives from GMAC that I would qualify for...

    I am in South Florida zip code 33064 if that is of any help...

    After some Google research, I came up with these numbers but dont know how acurate they are...

    MSRP: $37,610
    Negotiated Price: $34,000 (Hoping to obtain)
    Residual: 61%
    MF: 7.2%
    Down Payment: $500
    GMAC Rebate: $1,000
    36 Months
    12,000 Miles

    W/ 6% Tax: $457.74 P/ Month

    Please let me know if this sounds about right?!
    Any more information would be greatly appreciated!

    Thanks!
  • rockman59rockman59 Posts: 250
    glockfan said: Do you have to do anything special to sell a GMAC leased vehicle other than pay it off?
    _____________________________________________________________________
    In most states you will have to have the title transfered as GMAC owns the vehicle. I assume the registration is in you name. Call whatever agency in your state handles titles, etc and ask them the easiest way to handle this.
  • Hi mandog12. Here is the information that you're looking for. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Tahoe with 15,000 miles per year are 7.2% and 60%, respectively. The lease rate for an otherwise identical lease with only 12,000 miles per year would be the same, but the residual value would be 63%. The only cash incentive that is available on leases of this truck right now is $1,000 owner loyalty cash.

    Good luck in your quest for a new Tahoe. Let us know if you have any other questions and make sure to stop back to let everyone know how things turn out.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mikeb33mikeb33 Posts: 1
    Hi Car_man. I am looking to lease a 2008 Tahoe 4wd LT1 this week. I only need 10K a year for miles. What would the residual be and is the rate still the same?

    Thank you,

    Mike
  • Greetings Mike. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Tahoe with 10,000 miles per year are 7.2% and 65%, respectively. When negotiating your lease on this truck, make sure to take the $1,000 owner loyalty / conquest cash that is currently available on it into account.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • pst2424pst2424 Posts: 3
    What are the residuals and lease rates for 36 and 39 month lease 15k miles per year for 2008 Tahoe LT2- Also, is a price of $ 46,167 for the 08' Tahoe with Sun/Ent/Dest package, Z71, LT2, Bose and 3rd seat a good price? Is it normal to pay 1st payment, title, doc fee and tax on the $5500 (loyalty cash 4k plus 1500 GM points) upfront at delivery? Totaling about 1300.00? How do I get out of paying a security deposit?
  • Here is the information that you're looking for, pst2424. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Tahoe (not the Hybrid version) with 15,000 miles per year are 7.2% and 60%, respectively. The lease rate for an otherwise identical 39 month lease is the same, but the residual value is 59%.

    The market for large SUVs is absolutely dead right now. If I was interested in leasing one, I personally wouldn't pay more than dealer invoice minus the $4,000 owner loyalty cash (if you qualify for it). If you are a returning GMAC lessee you may be able to avoid paying a security deposit, otherwise you will have to pay one.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jggoldenjggolden Posts: 3
    Need some help and need it quick, I am about to lease an 08 Tahoe with GMAC. Dealer tells me $5,000 of the $7,000 in rebates can be applied to the lease, which is fine. However, when they ran the lease numbers and I inquired about the terms, they said GMAC's lease rate is 7.7%???? I keep seeing 7.2% on the board, the lease is 36 months, 15k a year. Can anyone, CarMan, tell me why this dealer is saying 7.7? Is the dealer trying to make something on this. Thanks in advance! This board has helped me tremendously by the way!
  • pst2424pst2424 Posts: 3
    Yes, by offering you a rate of 7.7%, the dealer is making money on the financing from GMAC. 7.2% is the posted buy rate- stick to the 7.2%.
  • jggoldenjggolden Posts: 3
    Thank you, I will do just that!! Almost makes me want to go to another dealer.
  • jggoldenjggolden Posts: 3
    pst2424, do you know if the residual is higher than the 60% if you go with the LTZ model on the lease??
  • Hey jggolden. GMAC's residual value for a 36 month, 15k lease of the Tahoe is 60% for all trim levels in July.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Went looking yesterday at a lease on a 2008 Tahow LTZ with sun, ent, and dest package. 36 mths and 12,000 mi/yr. numbers quoted by the dealer seemed high (over $740/mth off of a selling price of slightly over $48,000).

    Was also told that the $2000 rebate on leases ended back on Jul 7. Is this true? And, if so, what are the current numbers on these Tahoe leases? Money factor, residual value. Are there any current incentives?

    Many thanks.
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