2018 GMC TERRAIN LEASE $159/mo + $1499 down (PA ONLY)

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#1

Hey all–

Looking to end my lease early as it no longer fits my needs (need more than 5 seats)! I have a 2018 GMC Terrain with approx. 15 months left on the lease and 14,100 miles on the odometer.

  • 2018 GMC Terrain SLE FWD
  • Summit White exterior/Jet Black interior
  • Lease ends July 1, 2020
  • Payment is $159/month
  • 15,000 mi/yr
  • 16,900 miles remaining on lease (14,100/30,000 miles)
  • Located in Southeastern PA, about 40 minutes West of Philly

Lease includes GM’s ‘Damage Allowance’ Package, which allows up to $5,000 of damage charges to be waived at the end of the lease. Applicant must reside in PA and have good credit to pass the GM Financial evaluation. I did put $2900 down on this lease, and am looking for some of this from the person who assumes the lease, somewhere around $1500. Please message me if you are interested and leave questions below.

#2

Great price but what does “some of $2,900” mean? Decide on a fair amount and include it in your title.

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#3

I’ve added that in. Thanks!

#4

Just wanted to boost this! Still available and NEGOTIABLE!

#5

FYI, you must have good credit and a decent income for GM Financial approval

#6

Try swapalease or Craigslist or Facebook. This thing will be gone in a day. I see much higher payment Terrain SLE’s scooped up really quickly in MI.

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#7

I need someone with good credit/income and swap a lease does a poor job of vetting people.

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#8

that’s their problem, no skin off your back…state the credit and GMF requirements and let them do hard credit pulls if they want.

#9

My issue is that I’m getting dangerously close to the 12-month cutoff where GM Financial will no longer allow a transfer.

#10

You could explain this and ask ppl for a screen shot of their FICO score, it wouldn’t be too much to ask if I was wanting to get a transfer. It’s a really good deal. Someone’s gotta jump on it, id reach as big of a market as possible.

FWIW, plenty of subprime people reading this forum :rofl:

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#11

Thanks for the tip. I’ve been texting people all day and everyone is either no longer looking or not in PA, despite what the listing says. I’ll give it another 2 days and then I guess I’ll have to make some changes to it.

#12

I thought it was within the first 6 months or last 6 months it wasn’t allowed? Might want to double check with GMF.

#13

First sixth months and last 12 months transfers are not permitted

#14

Ouch… You get squeezed on a 24 month lease with transfers, that’s for sure. Regardless that’s a great payment and it should move. I wonder if OP has checked with the usual services to see if someone will buy it out and cover their payoff if they can’t make a transfer work in time. Sounds like they got a good discount and there were a good deal of rebates to make a payment like that happen, even with the DAS.

#15

What do you mean by usual services? SwapaLease has only sent me people outside of PA or with subprime credit.

#16

I’m wondering if Vroom, Carvana, Etc might be able to get you out of it without having to transfer it. I don’t know your dealer payoff, zip code, VIN or other specifics, but Carvana for example offered me $17,240 for a 2018 Black FWD Terrain with 14,100 miles in the Doylestown PA zip code I used as a test run. Just a thought, might be an alternative if you can’t get someone appropriate to transfer it in time.

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#17

Thanks for the tip! I think my dealer payoff is pretty high because of the low cost of the lease but I’ll reach out to GMF tomorrow.

#18

Low lease payment isn’t always because of high residual. There is also could be high discount combined with high rebates.
My brothers S60 had 43% RV with 36/15 lease. Yet have 20% off and another $9k rebate. So still had relative low payment.
So check RV for sure and see if it’s lower than buyout offers are. GM isn’t really known for stellar RVs:)

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#19

My residual is $20,700, so it looks like it’s a no-go from that perspective

#20

That’s the residual, or the dealer payoff quote? And what did you get offered for your VIN? It’s worth a shot checking it all out, but there’s gotta be someone out there willing to do the transfer given the current prices on these.