Good time to buy/lease
#1
Good time to buy/lease
I was recently in a 27 month lease, due to end August 8th 2008. I was also already over my mileage by roughly 6k miles. So I took a trip down to the dealer to see what kind of deals if any they had going on. So they eventually came back with, I pay for the miles that I currently owe, about $900. Then I sign up for a new 24 month lease, and GMAC was willing to bite 4 months of the lease, and the dealer the remaining 3. Seeing how every mile i was driving until August was .15 cents, I went for it.
- 24 month lease
-2008 Black H3 Adventurepack
- Autotrans
- Power driverseat
- sunroof
- chrome package(didnt want but was already on truck)
- 18k miles per year
- 0 down
- $371/mo.
Incentives listed were 1000 Bonus cash, 1050 Cap Cost Reduction. I was gms so msrp 36260 went to 32177 then minus 2050 incentives = 30274.
I did read on the family first website that an msrp 37500 you could do a 359/mo payment, but this was 15k, so tack on another $25/month for 18k miles and you would be at about $375/mo.So I don't think I am too far off from that.
In anycase, I don't think the dealer made too much off the deal and just wanted the point for the sale. I was really surprised to be able to get out of the lease 7 months early! So if your looking to get out of a lease and into something new, you may be able to find this same deal. I would think they are itching to make those final sales before year end.
- 24 month lease
-2008 Black H3 Adventurepack
- Autotrans
- Power driverseat
- sunroof
- chrome package(didnt want but was already on truck)
- 18k miles per year
- 0 down
- $371/mo.
Incentives listed were 1000 Bonus cash, 1050 Cap Cost Reduction. I was gms so msrp 36260 went to 32177 then minus 2050 incentives = 30274.
I did read on the family first website that an msrp 37500 you could do a 359/mo payment, but this was 15k, so tack on another $25/month for 18k miles and you would be at about $375/mo.So I don't think I am too far off from that.
In anycase, I don't think the dealer made too much off the deal and just wanted the point for the sale. I was really surprised to be able to get out of the lease 7 months early! So if your looking to get out of a lease and into something new, you may be able to find this same deal. I would think they are itching to make those final sales before year end.
#3
RE: Good time to buy/lease
not bad but did you try and dicker with the amount of miles that seems low so far since last jan. i put on 40000 km
i think that is the worst thing about a lease the milage is controlled and its hard to add mods when its not your own truck.
i think that is the worst thing about a lease the milage is controlled and its hard to add mods when its not your own truck.
#4
RE: Good time to buy/lease
Payment before was $355/mo. That was a 2006 Base with sunroof, nerfbars, and tow package. So I lost tow and nerf, but upgraded slightly on the rest. I only paid first month when I left the dealer. So its about $20/mo more now, for this truck. That monthly also includes rolling in the $75 doc fee, 20 day registration, and inspection. Thats about $7 a month. So the increase is about $13/mo give or take.
Nah, I was allowed to have roughly 40600 miles when I was due to turn in the truck in August of 2008. When I turned the truck in 2 days ago it had 46680 miles on it, so I was over by about 6000 miles and still had 7 months to go on the lease, so every mile between now and August 8th would have been .15 per mile. It does stink but I like being able to get a new car and turn in the old one fairly easily. Of course i got burned on mileage but that was my own fault for miscalculating. And last minute i was out there removing my sylvania silverstars, sirius, and ipod wiring i had done!
Nah, I was allowed to have roughly 40600 miles when I was due to turn in the truck in August of 2008. When I turned the truck in 2 days ago it had 46680 miles on it, so I was over by about 6000 miles and still had 7 months to go on the lease, so every mile between now and August 8th would have been .15 per mile. It does stink but I like being able to get a new car and turn in the old one fairly easily. Of course i got burned on mileage but that was my own fault for miscalculating. And last minute i was out there removing my sylvania silverstars, sirius, and ipod wiring i had done!
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