Hey Guys, love the site. I want to learn more about the finite mathematical details of leasing. I have struggled with math my whole but I really want to master leasing and need to kill it on my next lease.
Thanks for all help and feedback.
*My situation is we are about to go over mileage on my wifes 2017 AWD GMC Acadia SLT-2 lease. After the payment goes through tomorrow we owe 6 payments ($416.47/month) for $2498.82 total. I want to research month to month what my best case scenario is in getting into another Acadia, an AWD 2019 model, starting with October.
Overage for miles is .25/mile for the record. I also learned yesterday that by trading in early on another GMC I won’t owe the dispo fee and they waive up to $500 of damages.
My question(s):
-Below are the October 2019 rates and incentives on the 2 models we are considering. Which lease is the “best” ie. the cheapest monthly payment (assuming we negotiate buy rate and a fair discount off MSRP before incentives)?
-What discount does GMC usually max out off MSRP these days?
-What will GMC typically discount off Demos?
From Edmunds, I am in Northern Colorado fwiw:
2019 Acadia SLT
24: .00196 MF and 64% residual
36/39: .00149 MF and 57%/53% residual
2019 Acadia Denali
24: .00215 MF and 66% residual
36/39: .00180 MF and 59%/55% residual
$500 customer incentive - either trim
*I am a Costco Executive member which is $700