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Car Buying Advice - 2017 Chevy Traverse 1LT AWD Lease

rich210rich210 Member Posts: 13
edited March 2017 in Chevrolet
Dealer came up with $380/mo for 36 months with $0 down and 15K miles/yr.
In NJ.
2017 Chevy Traverse 1LT AWD with hit the road package. (no navigation).

Does that sound like a good deal?
Thanks
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  • MichaellMichaell Moderator Posts: 241,042
    rich210 said:

    Dealer came up with $380/mo for 36 months with $0 down and 15K miles/yr.
    In NJ.
    2017 Chevy Traverse 1LT AWD with hit the road package. (no navigation).

    Does that sound like a good deal?
    Thanks

    Need to know the MSRP and selling price or adjusted cap cost to calculate a payment.

    Is it $0 down or $0 due at signing?

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  • rich210rich210 Member Posts: 13
    Thanks Mike.

    MSRP = $38,245
    Selling Price = $31,275
    $0 Down payment. But, not sure I know the difference between $0 down and $0 due at signing?
  • MichaellMichaell Moderator Posts: 241,042
    rich210 said:

    Thanks Mike.

    MSRP = $38,245
    Selling Price = $31,275
    $0 Down payment. But, not sure I know the difference between $0 down and $0 due at signing?

    I'm pretty sure you won't get the $31K price if you are leasing.

    Our recommendation for what's due at signing includes just the first payment and the DMV costs. Down payment (aka cap reduction) is money used to reduce the cap price - we do not recommend you do this, as that money is at risk if the car is stolen or totaled.

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  • rich210rich210 Member Posts: 13
    Mike,
    Just curious, why do you think I won't get the $31K price if Leasing?
    Thanks
  • rich210rich210 Member Posts: 13
    Ok. Thanks. Good to know.
  • pbear007pbear007 Member Posts: 7
    Anyone have updated info on the Traverse?  Or April?  Looking at a 2LT 36/12.  
  • kyfdxkyfdx Moderator Posts: 236,830
    pbear007 said:

    Anyone have updated info on the Traverse?  Or April?  Looking at a 2LT 36/12.  

    .00098 MF and 56% residual
    $750 lease cash

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  • tallison22tallison22 Member Posts: 4
    I was wondering what the residual value would be for a 2018 Chevy Traverse 3LT 12K or 13.5K lease
  • kyfdxkyfdx Moderator Posts: 236,830
    tallison22 said:

    I was wondering what the residual value would be for a 2018 Chevy Traverse 3LT 12K or 13.5K lease

    Please post in the 2018 Traverse discussion, here:
    https://forums.edmunds.com/discussion/46637/chevrolet/traverse/2018-chevrolet-traverse-lease-deals-and-prices#latest

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