lease quotes..

[ehaser]

Hey guys, I'm curious. I have a 4 yr lease (I'm self employed so it makes sense) and I'm getting 12k miles a year. my payment with taxes is 730..
I just talked to a buddy who claims that he got a 36 month lease for 12k at 550 a month on the same denali that I have. Is this possible if we both only put down 2500 including everything.

 

[johnebgoode]

Hey guys, I'm curious. I have a 4 yr lease (I'm self employed so it makes sense) and I'm getting 12k miles a year. my payment with taxes is 730..
I just talked to a buddy who claims that he got a 36 month lease for 12k at 550 a month on the same denali that I have. Is this possible if we both only put down 2500 including everything.

Sounds too good to true. A lease for my 08 Tahoe would have been 625.00 per with 7500 down. (I bought instead.)
I'd ask to see the lease agreement to verify his numbers.

 

[kpanza]

Well, he is only "using" 36,000 miles, you are using 48,000 miles so your residual value must have been real low? That accounts for a lot right there...I am on a 39 mo, 12k/year lease, zero out of pocket (did use some GM points and rebates, came out to about $2500), and I'm at $482 with tax...sticker probably wasn't as high as your Denali, it was just under $50,000 on window (but I didn't pay that after I ground him down!)

Residual value is big in leases, and I'd guess that your's is really low at 48,000 miles of usage...I want to say mine was around 60%?? It seems realistic to me, but you'd have to see the real numbers used to be sure.

 

[WhiteTie]

2007 LTZ

I leased my 2007 back in July, the sticker price for it was 51k. I paid 44k for it and i am leasing it with 2k down and 39 months with 12k miles per year for $614 per month. I feel i got a good deal! The denali was $725 and the Escalade was $812 per month. Hope this helps