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2013 and earlier GMC Acadia Lease Questions
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Please help. Thank you!
Car_man
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Let's calculate a sample lease payment using the numbers that you provided and see what we come up with. According to my calculations, if you were to lease a 2008 GMC Acadia that has an MSRP of $41,410, a selling price of $38,395, a lease rate of 6.5%, and a residual value of 62% for 39 months, your zero down, pre-tax monthly payment should be around $499.70. Once sales tax is added to this, it is probably pretty close to the $517 per month that the dealer quoted you.
Car_man
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2008 Acadia with SLT package FWD. 15000 miles/yr. 36 month lease with 0 down.
I have spoken with a dealer here in the Austin, Tx. area and he has already said he will give me the car for invoice price plus $500 GM rebate and $500 off for trading in my Ford.
What I need to know is the residual for this acadia and the money factor.
Thanks in advance for your help.
MSRP $41,695.00
Invoice $39,356.73
Agreed upon value $39,780.29
(AAA contract rate 1% over invoice)
plus GMAC Administrative fee $595
Adjusted capitalized cost $40,375.29
39 mo @ 12000/yr
Residual Factor 62%
Base monthly pmt $575.38
State sales tax 5.6 32.22
At delivery they will adjust to all rates and promotions available.
Tentatively, this is the pmt of a 39 mo lease.
Monthly pmt $607.60
Can somebody help me figure out what interest rate I am paying on this lease?
I'm too excited to try!!!!
Thanks!
You guys are awesome. I learned so much from this forum and I am crossing my fingers that I am doing ok on this deal.!
39 month 12,000 miles per year
sunroof
power lift gate
remote start
parking assist
dvd
$3,900 out of pocket 490.00 month. The car is on the lot. the car list for $40,000.
Invoice $37,482
TMV price$38,767
2008 Acadia
FWD
SLT2 Trim
Navigation
Rear Seat DVD
HID
HUD
MSRP- 42,000.00
Selling Price- $39,500.00
Looking for 48 month lease with 15K miles per year.
Want to put 0 down.
What should I expect a monthly payment at?
I received this qoute from my dealer
Down payment $3,000 plus taxes
Monthly- $540 for FWD/ $600 for AWD with all above options.
I think this might be an OK deal if there was no down payment. Am I out of line here?
Anthony
We're in NJ(Maplewood area) so would love to hear feedback on any good deals people have gotten recently in the North Jersey area or close enough.
What Residual and money factor where you quoted? & what monthly payment? We're looking for a 36 month lease with 12000 miles, $0 down.
Also, as a side note when you are given a residual quote of say 60%..is that 60% of MRSP or 60% of the selling price you agree with the dealer?
We're interested in the basic SLE model with added extra of the RES. Just wondering with the RES option do you get a multiple CD changer or are you still stuck with the one CD player that comes with the standard SLE model?
And finally, are you able to add leather as an option with the SLE? I don't see it in the spec..but just thought I'd ask.
Appreciate your input..
Thanks!
MSRP- 42,765
Selling price- 39,756
48 months
15K miles per year.
$270 down (docs and plates) plus first month payment
They told me the residual is 52%
Money factor (rate) @ 6.25%
Monthly payment $615.00.
Is this fair?
I beleive it should be around 550
15K/year / 39 mos. / 6.25%APR / resdi 59%
$627.55 a month
fair?
Thanks,
RL
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
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Let's take a look at the selling price that you were quoted. The 2008 Acadia SLT 2WD that you are interested in probably has a spread of around $2,900 or so between its full MSRP and its dealer invoice price. the $2,500 discount that you were quoted on this truck looks very attractive to me.
Let's calculate a zero down lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2008 GMC Acadia that has an MSRP of $42,000 and a selling price of $39,500 through GMAC right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $651.
Car_man
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Where can I find the GMAC published lease rates? I was just told by the dealer that it is 8.5% instead of 6.25%. Also, is a dealer fee of $589 about right?
Thanks ahead,
Raul
I've yet to get the invoice from the dealership but here's what I have so far..
MSRP $33,850.00
Selling Price $32,005.63 (this is what they emailed me, I haven't negotiated further yet until I see the invoice price)
With $0 down, 36 month lease/12000 miles
Fees due at lease signing are...
1st months payment, $362 MV fee, $299 Doc fee, $7.50 tire tax, and $450 refundable security deposit.
$435 monthly payment incl NJ sales tax
here's the vehicle spec...
PEG: 3SA - SLE-1 Pkg
Primary Color: 80U - Red Jewel Tintcoat
Trim: 19C - Ebony Cloth
Engine: LY7 - Engine, 6 Cyl. 3.6L
Transmission: MY9 - Transmission, Auto. 6-Spd (FWD)
Options: ABB : Seating, 7-Pass. 2,2,3 PZ3 : Wheel, 18" X 7.5" Aluminum Painted
AP3 : Remote Keyless Entry With Remote Start QLW : Tires, P255/65R18 BW-ALS
AQ4 : Seat, 2nd Row Captains Chairs U2K : XM-Radio Digital Audio System-S-Band
AR9 : Seats, Frt. Bucket, Deluxe U42 : DVD Entertainment Pkg. Rear Seat
ARN : Seat, Rear, 3rd Row, 60/40 Bench, Manual UD7 : Ultrasonic Rear Park Assist
AY0 : Restraint System, Inf. Driver & Pass & Head Curtain UE1 : OnStar
CJ2 : HVAC System, Frt. Tri-Zone UH8 : Cluster Inst.-Cool Temp, Trip OD, Tach
E69 : Liftgate, Rear Manual UK6 : Rear Seat Audio Controls & Headphone Jacks
FE2 : Suspension System, Ride & Handling UQS : Audio Pkg, Advanced Bose 10-Speaker w/ Surround Sound
NC7 : Emissions Override, Federal UVA : Radio, DVD, CD, AM/FM Stereo, MP3, RDS
NE1 : Northeast Emissions (CT/MA/ME/NY/PA/RI/VT) VK3 : License Plate Frt, Mounting Pkg.
NK5 : Steering Wheel, Std. Z88 : Market Brand-GMC
PDD : Convenience Pkg
So what do you guys think? how much below the offered selling price should I negotiate?
Money Factor is .00260
Residual is 62%
and I've just been told the invoice is $31, 751
You will have better luck getting information on what this truck's CD player, leather, etc. are like by hopping on over to the "2008 GMC Acadia".
On an unrelated note, I saw one on the road yesterday and it looked really nice.
Car_man
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Despite the fact that all of the negotiable aspects of this deal look great, the monthly payment looks too high. I just used the numbers that you mentioned in your post and I came up with a zero down, pre-tax monthly payment of around $527. You definitely need to get together with the dealer to see why the payment that they quoted you is so much higher.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Car_man
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Here are the details:
MSRP: $33,580.00
Invoice $31,988.58 (which includes a charge for "Advert/Adjustments of 656.90/is this waivable or is it imposed/mandated by GMAC)
Vehicle Price: $32,200
Rebates serving as s cash down $1,500
Net cost of Vehicle les rebates: $30,700
Rate: 6.25%
Residual Factor: 62
Net Residual Value 20,819.60
Security deposit: $475 (is this discretionary with dealer or mandated by GMAC)
Administration Fee: $695 (is this discretionary with dealer or mandated by GMAC)
0 down with all fees and sales taxes rolled into monthly payment
MOnthly Payments - $455.69
Extra Options for this 2008 Acadia SLE:
PCM- Preferred Package
PDD - COnvenience Package
XA7- Windshield Washer Fluid System , heated
In addition to answering the questions as to the waivablity by dealer of Admin fee, security deposit and Advert/adjust fee, is this a good deal?
2008 Acadia- SLT2 FWD (Nav, Rear DVD, Sun Roof, HID and HUD)
1. Sticker Price of the car + options $42,765.00
2. Times the residual value percentage X .52%
3. Equals the residual value = $22,237.80
4. Invoice price of car minus incentives (net capitalized cost) $39,756.00
5. Minus the residual (From line 3) - $22,237.80
6. Equals the depreciation over 36 months = $ 17,518.20
7. Depreciation (Line 6) divided by term in months ÷ 48
8. Equals the monthly depreciation payment = $ 364.97
9. Net capitalized cost (From line 4) $39,756.00
10. Plus the residual (From line 3) + $22,237.80
11. Equals = $61,993.80
12. Times the money factor X .0026041
13. Equals money factor payment portion = $ 161.44
14. Monthly depreciation payment (from line 8) $ 364.97
15. Plus money factor payment portion (from line 12) + $ 161.44
16. Equals bottom-line monthly lease payment = $ 526.41
Dupage (7.25%) Sales tax added- 526.41*.0725=38.17
Total payment with taxes is= $564.58
What dealership gave you this price quote in the NJ area?
Thanks ahead,
RL
Anything on this?
Thanks,
RL
Thanks
I too cannot find a dealership in my local area (I have contacted 4) who will extend a lease rate of less than 8% to any customer. What would you advise?
Car_man
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Thanks
Car_man
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