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Compare the lease deals below and you will see how each differ in what they charge. I found out that GMAC was a better deal even at a higher interest rate.....below is an example of a 36 mos lease:
Leasecompare lower interest rate-varies
lower residual value (53%)
doc fee required ($99)
turn in fee required ($395)
higher bank acquisition fee ($795)
gap included
GMAC
higher interest rate-varies higher residual value (55%) no doc fee (waived)
no turn in fee (waived)
lower bank acquisition fee ($495)
gap included take advantage of the lease pull ahead program in 2 1/2 years (GMAC)
what is lease pull ahead?
I ain't no financial genius, you see.
GM will advertise to those who lease through GMAC that they can turn in their car with 6 months remaining on their lease at no charge as long as you purchase a new GM car. I utilized this deal on my 2003 C5.
thanks for the uhhh mmmm whatcha macallit . I knew about the 6 month early return policy, just didn't know it had a name. oh yeah.... responce and clarifying that's what I wanted to say at the beginning.
I bought (leased) my car in March 06 and used Leasecompare to determine a competitive deal. But when I quoted the best Leasecompare rate to my dealer, they (Les Stanford) provided a better deal from US Bank with a better money factor and the same residual.
If you have a very good credit rating, the dealer can shop for a good deal if they want your financing business.