2020 Equinox Premier AWD 2T, MSRP$41,165. Lease

Hi there, was wondering if anyone would be willing to evaluate this lease for me. Thanks in advance!

Equinox Premier AWD 2T
36 months/12,000 miles

MSRP: $41,165
Sales price: $38,439 (pre-rebate)
Incentives: $1500 rebate
Fees: 25 documentation, 200 licensing, 695 acquisition.
Residual: 61%
MF: .00103
Taxes: 5%

Quoted @ ~$417/mo, no money due at signing.

Thanks again for any help/assistance with this.

Horrible. You can’t make this lease well with this awful rebate. Look at a Terrain or other Equinox trims.

Does the rebate alone make a deal horrible if the end monthly payment is reasonable with no DAS?

look on car guru. I saw that same car from 38k to 22k in virginia. even if its at 25k using 7 yrs at zero interest, you would be ahead. 298 84 months zero interest.

rk chevrolet 22 571… 2.0 premier equinox. sure there might be something you don’t get if you use the 84 months zero interest. it has good ratings from consumer reports, us news edmunds Kelly blue book, and jd power gave it the highest on reliability, Im very temped by it but we don’t need it.

Those are great prices on the computer screen, but not sure if many people would qualify for the incentives (edit:) especially when you’re either taking the 0 for 84 or incentives/rebates or leasing. Also, I live in North Dakota…

How exactly are you going to accomplish that when it’s mathematically impossible :face_with_monocle:

Accomplish the lease? I realize the numbers don’t match up, but the saleperson states he’d do ~417/mo.

That’s a reasonable payment on an equinox? I guess everyone has different opinions but I wouldn’t pay more than $300/mo. If you’re happy with it then go for it.

For this money you can get much nicer vehicles.

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