Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
2013 and earlier GMC Acadia Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
RL
So why do they whip out their calculation and it says $680.00? What is the dealer or GM doing to inflate the figure by $50 a month or $1800 for the lease term?
Any help would be appreciated.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I just left the dealership and was offered the following lease options on a 2008 GMC Acadia. Can you (or anyone else) tell me if this is a good deal? I pulled this info off the invoice that the salesman gave me.
FWD SLT-1
Summit White
ACX Hit the road package
E61 Power liftgate
FE9 50-state emissions
LY7 3.6L VVT Vg Engine
MY9 6 speed transmission
PDD Conv Package remote start, rear parking assist
PDM Cargo shade & Cardo net
U42 Entertainment system
VK3 front license plate bracket
Total Model & options 34,647.88 plus destination charge 1,135.20 plus advertising charges 378.40 for total invoice of $36,161.48.
Dealer offered me a purchase price of $34,500 including all incentives, etc.
The 36 month 15K lease payment is 461.92, 39 month 15K lease payment is 452.56. This includes $3,500 for my trade in of a 2001 Ford Expedition with 130,000 miles on it.
Without the trade in the payments would be 561.59 for 39 months and 578.71 for 36 months.
I questioned the dealer about the lease rate factor and didn't get a straight answer.
Is this a good deal?
A response ASAP would be appreciated!
Thanks!
Katwhite
dvd
power lift gate
sunroof
moonroof
19 inch tires
msrp 42095
paid 39750 including 750 rebate
39 mo lease 12k miles
$529 per mo tax in payments
drive away: $529 (first mo), $550 refundable sec dep, mv ($350), $650 "delivery"
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_Man, if I opt to lease through a bank, what should I expect the residual value and money factors to be for a 2008 SLT1 AWD?
Thanks for the help.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
In order to get out of your lease early, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Also, should I go directly through a bank or credit union? thanks.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am seeking info on leasing an 2009 Acadia SLT. I visited my local dealer (los angeles area) and received the typically outrageous first proposal. The numbers they provided are as follows: Sale price of $38,473 (taxes, etc brings it up to about $42,700), cash down of $3,000, lease term of 39 months, Money Factor of .0027, and Residual Value of 37%. This all equates to a monthly payment of $875. As I said, I believe this figure is insane.
I think the money factor is actually fair, but the residual value is a joke and I assume the sale cost is high as well. Can you please give me a fair set of numbers that I should set as my goal. Thanks.
If you really want to lease, don't go with a GM vehicle. If you like the Acadia, and it is a nice truck, and don't mind not leasing finance it through GMAC at 0% for 5 years.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
thanks.
General Motors is currently providing a $2,300 cash incentive on leases of this truck through GMAC.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Term 39 months
Rate .4000
MSRP 32615
Lease Amt 30995
Acq Fee 795
Fees 53.75
Total Cap Cost 31790
Cusomer Cash 3995
Rebate 2300
Net Cap Cost 27236.96
Residual 39% = 12719.85
Taxes 884.27
Base Pmt 378.94 Mthly $36.94
Periodic Payment 415.88
Security Deposit 425.00
Drive Off Fees 1741.96
Net CCR 4553.04
MSRP: $32615
Residual: $12720 (39% of MSRP)
Money Factor: 4.0% or .00166 (4% / 2400)
Dealer fees: $1275.75 ($795 incept, $425 sec. dep. $55.75 tags)
Negotiated Selling Price of Vehicle:
Dealer Invoice: $31016 (Price you should pay for vehicle)
Dealer Incentive: $2300 (GMC Rebate)
Down Payment: $3995 (Cash down)
Total Selling Price: $24721
Use Value (depreciation):
Invoice Price (plus) Dealer fees (minus) Residual
$24721 + $1276 - $12720 = $13277
Depreciation Payment of Lease:
Depreciation value divided by length of lease
$13277 / 39 months = $340.43 per month
Interest Payment Calculations:
Invoice Price (plus) Residual (multiplied by) Money Factor
$24721+ $12720 multiplied by .00166=
$43.15 per month
Base Lease Payment Calculations:
Depreciation Payment + Interest Payment
$340.43 + $43.15 = $383.58 per month
Sales Tax Payment Calculations: (See my note below please)
Sales tax you quoted (divided by) lease lenght
$885 divided by 39 months = $22.69 per month
Base Lease + Sales Tax payments = $406.27 per month total payment
On sales tax, here in PA it is charged on the monthly payment price and not calculated the way I did it above since I don't know the sales tax rate where you are it. In other words, take the base lease payment calculation from above ($383.58) and multiply it by the sales tax rate where you live. Here in PA on a lease it is 9% so $383.58 X 9%= $34.52 per month in sales tax on the lease. So the total lease payment would then be $418.10 per month.
The other thing to consider is you should NOT put a lot of money OOP for a lease. The only thing that does is lower your monthly payment. If you were willing to pay $4000 OOP, why not take a higher monthly payment (recalculate using the formula above by subtracting the $4000 OOP) and use that $4000 to either supplement your higher monthly payment or use it to make the first 5 or 6 higher payments. Here's why:
Say you put $4000 OOP on a lease to lower your monthly payment. Now driving out of the dealer parking lot with your new Acadia you get T-boned and your new vehicle is totaled. You insurance will cover the loss of the vehicle but the $4000 you put down to lower the monthly payment is lost. It's always better to put as little down OOP on a lease as possible for this reason.
Another thing to consider is trying to negotiate the money factor. 4% is high. A Chevy dealer just quoted me 1.25% on a 48 month lease on a Traverse.
Hope this helps you some in making your decision.
thanks!
When negotiating your lease on this truck, make sure to take advantage of the $3,500 cash incentive that is currently available on leases of it through GMAC.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks
Trade: BMW X5 Sport Package w/moon roof -- 115K miles
Payoff: $8,640
BlueBookTrade value: $9,925 (good condition)
Acadia: SLT w/single entertainment system and misc other features
Retail price as built on GMC site: $42,400
36 month / 15K per year
$435 month
I see above you listed "base lease rate and residual value for a 36 month lease of a 2010 GMC Acadia SLT1 AWD with 15,000 miles per year are 0.95% and 40%, respectively."
I'm not great with the math so haven't worked it out, but based on the 1% rule you mentioned in another post, I'm guessing $435 would be reasonable? If not, what would be reasonable but still a good deal?
Thanks!
Can you let me know what the current lease terms for the Arcadia for January or February in CT. Looking for a 36/39 month lease.
Effective in mid August, GMAC is adding a $2,500 fee to the calculated residual value to derive the Fixed Purchase Price that one would pay should you elect to purchase your leased vehicle at the end of the lease term. Historically this would have been up to a $500 fee.
I based my decision to lease (with the option to buy) on having to only pay a nominl fee to convert. This came as quite a shock and disappointment while signing the final documents.
Interesting that this never came up in any of the conversations, but the dealer hadn't been doing much in the way of leasing and this was a fairly recent change
My company pays for my lease but I must keep my monthly payments at about $ 500 per month. My company doesn’t want to put any money down so if I want something nicer I would need to pay the deposit myself.
I am interested in leasing a 2010 Acadia SL1 with a MSRP $ 44,730. The dealer said his offer was with $ 4,439 down (all upfront fees and taxes included), my monthly payments would be $ 499.00 per month. I live in zip code 07024.
Is this a good price or should I negotiate further.
Thanks for your help
My company pays for my lease but I must keep my monthly payments at about $ 500 per month. My company doesn’t want to put any money down so if I want something nicer I would need to pay the deposit myself.
I am interested in leasing a 2010 Acadia SL1 with a MSRP $ 44,730. The dealer said his offer was with $ 4,439 down (all upfront fees and taxes included), my monthly payments would be $ 499.00 per month. I live in zip code 07024.
Is this a good price or should I negotiate further.
** I forgot to say it's a 48 month lease, 12,000 miles per year
Thanks for your help
GMAC's January base lease rate and residual value for a 36 month lease of a 2010 GMC Acadia SL AWD with 15,000 miles per year are 0.95% and 42%, respectively. The numbers for an otherwise identical 39 month lease are 0.95% and 40%.
As with the Traverse lease program that I provided you with a few minutes ago, you never mentioned the exact trim level of the Acadia that you want so I had to make an assumption. Again let me know if you want something different.
When negotiating your lease on this truck, make sure to take the $3,500 cash incentive that is currently available on leases of it through GMAC into account.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The following are the lease quotes that you requested. Unfortunately there are not competitive leases on the Sierra. There are simply no programs for leasing a Sierra. The best deal on the Sierra is a buy. A lease on a Sierra like the one you requested is going to run $799 / mo with $0 down. You can lease the Acadiafor $638 / mo with $0 down for 39 months at a rate of 1.45% and a residual of 39% or $589 / mo for 48 months at a rate of 2.25% and a residual of 34%. If you would like a buy price on a Sierra let me know.
I don't have MSRP yet; but it seems like the first response BS game to me. Thoughts?
1) Can you pls tell me the Feb. Residual and Money Factor for the AWD SLT1 and AWD SLT2 for 12k and 36 months or 39 months?
2) Also is there any dealer cash or cash incentives i should be taking advantage of on a Lease?
3) Do you know if the GMC Supplier Discount applies to a lease and if so is it in addition to the dealer cash or cash incentives being offered?
thank you!
If you really want a Sierra, you will have to finance it through GMAC at 0% for four years / 3.9% for 5 years or finance it through an independent bank / pay cash for it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
GMAC's current base lease rate and residual value for a 36 month lease of a 2010 GMC Acadia SLT1 AWD with 12,000 miles per year are 0.95% and 43%, respectively. The numbers for a 39 month lease of this truck are 0.95% and 41%.
The numbers for an otherwise identical lease of a '10 Acadia SLT2 AWD are 0.95% and 41%. The numbers for a 39 month lease of this truck are 0.95% and 39%.
As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
When negotiating your lease on this truck, make sure to take advantage of the $3,500 cash incentive that is currently available on GMAC leases and $1,000 bonus cash.
GM was providing $1,000 conquest cash to current Lexus owners and lessees, but I heard that might have changed.
You should be able to take advantage of GM's supplier purchase program on a lease.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you have the current lease rate, residual and CCR for the 2010 GMC Acadia SLT-2 AWD and FWD for 36 months and 12k miles per year?
Thanks!