A dealer in PA has told me that the big $ off is for purchase only as stated above. They will use supplier pricing instead on leases for the trucks that have the GM Special Offer like the Denali and SLT.
A dealer in PA has told me that the big $ off is for purchase only as stated above. They will use supplier pricing instead on leases for the trucks that have the GM Special Offer like the Denali and SLT.
how good is the supplier pricing comparatively?
Supplier pricing is about 2k off The incentives are much better and I think they apply to leases of the SLT
Hi. When do the Oct numbers come out for the Denali Short Box 4X4? Do you have any info if the incentives would apply to leases this month? Looking for 36/15 THank you
Many thanks to Michaell for providing the car buying public with this very important information!! It provides the means for a lease customer to figure out how good or bad of a deal the dealer is offering.
For those who are considering leasing a Sierra 1500 Denali 2WD here is my deal that I signed on October 7th 2017 on a 36 month lease with 15K miles/year:
$58,460 Gross MSRP -$2,000 GMC Discount ----------------------------- $56,460 Net MSRP -$1,860 Dealer discount (only 3.29% of MSRP. Disappointed that I couldn't get larger discount) -1,000 GMC Rebate $595 Acquisition fee ------------------------------ $54,195 Net Capitalized Cost -$37,999 Residual value (65% of $58,460 gross MSRP) ------------------------------ $16,196 Lease depreciation over term 36 months --------------------------- $449.89 Monthly depreciation 125.78 Monthly interest (Sum of net cap cost & residual value is $92,194 divide by $125.78 is a MF of .00137) ----------------------------- $575.67 Pre-tax monthly payment $40.30 Monthly sales tax at 7% ----------------------------- $615.97 Monthly taxed payment.
I put down $1,500, which consisted of $615.97 first month's payment, $340 tag transfer fees, $70 sales tax on the $1,000 GMC rebate, and $474.03 dealer fee (which they discounted from regular fee of $599.95)
In retrospect, if my dealer would have increased their discount to $3,000 or about 5%, the monthly taxed payment would have been $582.08, which would have been a really good deal! As it is, I'm very happy with the truck and feel like I got a pretty good deal, but perhaps not the best deal out there.
Many thanks to Michaell for providing the car buying public with this very important information!! It provides the means for a lease customer to figure out how good or bad of a deal the dealer is offering.
For those who are considering leasing a Sierra 1500 Denali 2WD here is my deal that I signed on October 7th 2017 on a 36 month lease with 15K miles/year:
$58,460 Gross MSRP -$2,000 GMC Discount ----------------------------- $56,460 Net MSRP -$1,860 Dealer discount (only 3.29% of MSRP. Disappointed that I couldn't get larger discount) -1,000 GMC Rebate $595 Acquisition fee ------------------------------ $54,195 Net Capitalized Cost -$37,999 Residual value (65% of $58,460 gross MSRP) ------------------------------ $16,196 Lease depreciation over term 36 months --------------------------- $449.89 Monthly depreciation 125.78 Monthly interest (Sum of net cap cost & residual value is $92,194 divide by $125.78 is a MF of .00137) ----------------------------- $575.67 Pre-tax monthly payment $40.30 Monthly sales tax at 7% ----------------------------- $615.97 Monthly taxed payment.
I put down $1,500, which consisted of $615.97 first month's payment, $340 tag transfer fees, $70 sales tax on the $1,000 GMC rebate, and $474.03 dealer fee (which they discounted from regular fee of $599.95)
In retrospect, if my dealer would have increased their discount to $3,000 or about 5%, the monthly taxed payment would have been $582.08, which would have been a really good deal! As it is, I'm very happy with the truck and feel like I got a pretty good deal, but perhaps not the best deal out there.
Do the numbers look right? Am I missing any incentives?
I get $497/mo.+tax with those numbers. Ask for the adjusted CAP cost. I'll guess there are some fees that aren't being disclosed. $3400 off doesn't seem like a great deal, this late in the model year. Of course, the lease program from GM is great, though.
Hard to say without seeing the itemized calculation of the "Net Capitalized Cost", which is the gross MSRP, less any discount from GMC, less any Dealer discount, less the rebate cash, plus a $595 lease acquisition fee. On my deal described a few posts above this, it was as follows:
$58,460 Gross MSRP -$2,000 GMC Discount ----------------------------- $56,460 Net MSRP -$1,860 Dealer discount (only 3.29% of MSRP. Disappointed that I couldn't get larger discount) -1,000 GMC Rebate $595 Acquisition fee ------------------------------ $54,195 Net Capitalized Cost
The only variable to negotiate in this calculation is the Dealer discount, because the GMC discount, the rebate cash and the acquisition fee are all fixed and can't be changed by the dealer.
Based on 39 month term, a residual value of $37,160, a money factor of .00137, and a local sales tax of 6%, then the taxed monthly payments at various Net Capitalized Costs (NCC) are as follows:
If NCC is $55,000, then taxed monthly payment is $618.72 If NCC is $54,500, then taxed monthly payment is $604.40 If NCC is $54,000, then taxed monthly payment is $590.09 If NCC is $53,500, then taxed monthly payment is $575.77 If NCC is $53,000, then taxed monthly payment is $561.45
KYFDX and rsgarm thanks! I am requesting the net/adjusted cap cost. I am assuming it will come in less than rsgarm's (due to the monthly payment table that is posted).
On a 39 month term, if the NCC is $53,479.88, the residual value is $37,160, the money factor is .00137, and the local sales tax is 6%, then the taxed monthly payment should be $575.19. The math works out as follows:
Net Capitalized Cost $53,479.88 - Residual Value ($37,160.00) --------------------------------------------- = Lease Depreciation $16,319.88 Divided by # of Months 39 --------------------------------------------- = Monthly Depreciation $418.46
On a 39 month term, if the NCC is $53,479.88, the residual value is $37,160, the money factor is .00137, and the local sales tax is 6%, then the taxed monthly payment should be $575.19. The math works out as follows:
Net Capitalized Cost $53,479.88 - Residual Value ($37,160.00) --------------------------------------------- = Lease Depreciation $16,319.88 Divided by # of Months 39 --------------------------------------------- = Monthly Depreciation $418.46
Hi, can I get the RF, MF, and any lease cash for 2017 Sierra 4x4 Crew Cab for 36/15 in UT 84111 in SLT and Denali? Thanks!
.00147 MF and 58%/66% residual for SLT/Denali No lease cash
Thanks for getting back to me! I also posted the same question for a 2018 and it looks like the residuals are better for the 2017s than 2018s? Is that normal?
Hi, can I get the RF, MF, and any lease cash for 2017 Sierra 4x4 Crew Cab for 36/15 in UT 84111 in SLT and Denali? Thanks!
.00147 MF and 58%/66% residual for SLT/Denali No lease cash
Thanks for getting back to me! I also posted the same question for a 2018 and it looks like the residuals are better for the 2017s than 2018s? Is that normal?
Yes, it's designed to encourage customers to lease the old inventory.
Comments
The incentives are much better and I think they apply to leases of the SLT
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00137 MF and 68% residual
Subtract 1% for 4X2
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36/12: .00137 MF and 68% residual
48/12: .00191 MF and 60% residual
60%/53% residual for SLT for 36/48 months.
No lease incentive info.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
For those who are considering leasing a Sierra 1500 Denali 2WD here is my deal that I signed on October 7th 2017 on a 36 month lease with 15K miles/year:
$58,460 Gross MSRP
-$2,000 GMC Discount
-----------------------------
$56,460 Net MSRP
-$1,860 Dealer discount (only 3.29% of MSRP. Disappointed that I couldn't get larger discount)
-1,000 GMC Rebate
$595 Acquisition fee
------------------------------
$54,195 Net Capitalized Cost
-$37,999 Residual value (65% of $58,460 gross MSRP)
------------------------------
$16,196 Lease depreciation over term
36 months
---------------------------
$449.89 Monthly depreciation
125.78 Monthly interest (Sum of net cap cost & residual value is $92,194 divide by $125.78 is a MF of .00137)
-----------------------------
$575.67 Pre-tax monthly payment
$40.30 Monthly sales tax at 7%
-----------------------------
$615.97 Monthly taxed payment.
I put down $1,500, which consisted of $615.97 first month's payment, $340 tag transfer fees, $70 sales tax on the $1,000 GMC rebate, and $474.03 dealer fee (which they discounted from regular fee of $599.95)
In retrospect, if my dealer would have increased their discount to $3,000 or about 5%, the monthly taxed payment would have been $582.08, which would have been a really good deal! As it is, I'm very happy with the truck and feel like I got a pretty good deal, but perhaps not the best deal out there.
We appreciate you sharing your deal details.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also, does GM Financial typically accept MSDs (security deposits)? If so up to how many max?
No MSD program for GM Financial
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Zip code 92707 (Orange County, CA)
36/10k
36/12k
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
66% residual for Denali trim.
We don't have the incentive information.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 Sierra 1500 Denali
Term: 39 month
Mileage: 15k a year
MSRP: $58,985
Sell Price: $56,585
Rebates: $4,800 ($500 GM Lease Cash, $2k GMC lease loyalty, $2,300 private lease offer pull ahead)
Down: $1,200 (first payment, tag transfer, and state/local fees)
MF: 0.00137
Residual Value: $37,160
Monthly Payment: $609 taxes in
Do the numbers look right?
Am I missing any incentives?
Ask for the adjusted CAP cost. I'll guess there are some fees that aren't being disclosed.
$3400 off doesn't seem like a great deal, this late in the model year. Of course, the lease program from GM is great, though.
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$58,460 Gross MSRP
-$2,000 GMC Discount
-----------------------------
$56,460 Net MSRP
-$1,860 Dealer discount (only 3.29% of MSRP. Disappointed that I couldn't get larger discount)
-1,000 GMC Rebate
$595 Acquisition fee
------------------------------
$54,195 Net Capitalized Cost
The only variable to negotiate in this calculation is the Dealer discount, because the GMC discount, the rebate cash and the acquisition fee are all fixed and can't be changed by the dealer.
Based on 39 month term, a residual value of $37,160, a money factor of .00137, and a local sales tax of 6%, then the taxed monthly payments at various Net Capitalized Costs (NCC) are as follows:
If NCC is $55,000, then taxed monthly payment is $618.72
If NCC is $54,500, then taxed monthly payment is $604.40
If NCC is $54,000, then taxed monthly payment is $590.09
If NCC is $53,500, then taxed monthly payment is $575.77
If NCC is $53,000, then taxed monthly payment is $561.45
Net Capitalized Cost $53,479.88
- Residual Value ($37,160.00)
---------------------------------------------
= Lease Depreciation $16,319.88
Divided by # of Months 39
---------------------------------------------
= Monthly Depreciation $418.46
Money Factor Calculation:
Capitalized Cost $53,479.88
+Residual Value $37,160.00
----------------------------------------------
=Total Financed $90,639.88
x Money Factor 0.0013700
-------------------------------------------
= Monthly Interest $124.18
Total Monthly Payment Calculation:
Monthly Depreciation $418.46
+ Monthly Interest $124.18
----------------------------------------
= Pre-Tax Payment $542.64
+ Monthly Tax @ 6% $32.56
---------------------------------------
Total Monthly Payment $575.19
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/12
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No lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Do you have the RV% and MF on a 2017 Sierra Elevation double-cab in 03865(NH)?
Thank you!
Assuming 4X4
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Can i get lease cash and numbers for
Sierra Denali Ultimate
4x4
4x2
36/15 and 36/12
Houston TX 77070
Thanks
Add 2% for 36/12
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'17 Sierra SLE 4x4
24/36 months, 12/15K miles a year
45431
Thanks!
36/15 - .00147 and 58%; add 2% for 12K
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36/12 is 68% for 2017 MY
For 2018 Denali, 36/12 is 66%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
looking for any lease term with at least 10k miles a year. Would take anything under 48 months. Is there a sweet spot?