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What did they quote you on the lease price, how many mile/year and how many months? Just curious i was gonna lease at first but ended up buying instead. Wanted too much for the lease.
What did they quote you on the lease price, how many mile/year and how many months? Just curious i was gonna lease at first but ended up buying instead. Wanted too much for the lease.
$1050 for 36 months at 15,000 miles per year. Rate at 6.8% through Ally Bank. Local dealership told me Ally had to better rates: 3.5% and 4.6% which in light of my credit history and income if I didn't qualify for the lowest one I definitely would qualify for the second one.
Quoting dealership maintained 6.8% was the best rate. At that rate recouping over $2400 on the backend as they say.
Once I pull the trigger I am going to buy it. Going to use a home-equity line of credit that should be prime +1 which right now is 4.5%. My payment should be less than $900 per month if I want to pay off enough to be at the residual in three years. That is a residual 56%.
Hope this helps.
And some advice and good news for everyone: there are new flavors of Peeps this year.
$1050 for 36 months at 15,000 miles per year. Rate at 6.8% through Ally Bank. Local dealership told me Ally had to better rates: 3.5% and 4.6% which in light of my credit history and income if I didn't qualify for the lowest one I definitely would qualify for the second one.
Quoting dealership maintained 6.8% was the best rate. At that rate recouping over $2400 on the backend as they say.
Once I pull the trigger I am going to buy it. Going to use a home-equity line of credit that should be prime +1 which right now is 4.5%. My payment should be less than $900 per month if I want to pay off enough to be at the residual in three years. That is a residual 56%.
Hope this helps.
And some advice and good news for everyone: there are new flavors of Peeps this year.
Best regards,
Jim
Jim, check your credit union--you can get pretty low rates right now. I got 1.6 percent for 60 months. That's a lot better than 4.5 even if its deductible.
$1050 for 36 months at 15,000 miles per year. Rate at 6.8% through Ally Bank. Local dealership told me Ally had to better rates: 3.5% and 4.6% which in light of my credit history and income if I didn't qualify for the lowest one I definitely would qualify for the second one.
Quoting dealership maintained 6.8% was the best rate. At that rate recouping over $2400 on the backend as they say.
Once I pull the trigger I am going to buy it. Going to use a home-equity line of credit that should be prime +1 which right now is 4.5%. My payment should be less than $900 per month if I want to pay off enough to be at the residual in three years. That is a residual 56%.
Hope this helps.
And some advice and good news for everyone: there are new flavors of Peeps this year.
Best regards,
Jim
Damn that seems a little high to be honest. You don't have GM employee right? You say you are getting it around 10% under MSRP? Anyways my car stickers at 61,200. I got GM employee which took it down to 53,500. Lease rates based on GM employee for 36 months was 690 a month for my car at 10k miles a year. Even if i wanted 12k a year it would only be about $20 a month more. I decided to buy it instead.
If i remember correctly your cars stickers was about 6 or 7k higher then mine but 1050 is still too much. What state are you from? Same day i got my car, my salesman also sold a fully loaded 3LT stickered over 70k. The guy leased it for 850 a month for 36 months. This was a loaded car. You price is high! Keep looking for a better deal. I can connect you with the dealership i did business with if you like. Also my salesman as well. Not to mention the guy that leased it was a doctor so its not likely he had GM employee. He probably just leased it based on the sticker price.
Oh i see you're form OH, cool not too far from MI
Last edited by anders1118; 04-01-2015 at 05:32 PM.
There was a dealer IMR contribution and an LMA group contribution of $709.45 and $500 respectively which led to the $66,406.05.
Much appreciated,
Jim
Jim,
Just curious what dealers around Cincinnati have you been at ? I drove to Michigan & to get over 7k off on retail on mine .
Definitely worth the drive to me
03-31-2015, 08:33 PM
