So, I negotiated a lease deal for a 2025 Chevrolet Tahoe BUT I have NO IDEA if the numbers they provided me make sense. I’ve tried using the leased calculator here and I can’t get the numbers to match. I suspect I’m not entering the numbers correctly and that’s the reason why BUT it wouldn’t shock me IF I was getting fxxked either.
If anyone can explain this to me as though I was a 7 year old, I’d TRULY appreciate it, lol…
Thank you in advance and have a Great Day!!!
MSRP is $76,125
I live in Vermont and the tax rate here is 6%
The Dealer is in New York (if that matters)
The Money Factor is .00341
I’m putting $8000 Down
Yea this is brutal. Dont put 8K down unless you’re buying this thing. These never lease well.. I see that you’re also doing 15k miles? Probably another reason to buy it instead. Long story short, dont sign this
The reason I decided to put the $8000 down is because I’d only be aggravated “once” VS paying $1400/$1500 a month and being aggravated 36 times in 3 years, lol…
Even IF I were to Finance it, It’s still stupid expensive.
I’m not so much hung up on the Price of the Vehicle itself (It is what it is), I’m only wondering if the Dealer is fxxkin me!!
Are you tied to the Tahoe? If you’re not but you MUST have a full size SUV and MUST lease, Infiniti QX80 is the way to go right now.
It equates to the same thing lol. Whether you put 8k up front or zero. Either way this is def something you buy. And if you’re willing to put 8k up front then you should put it up front as a purchase
God forbid this vehicle gets totaled or stolen…that $8,000 is G.O.N.E. Never put anything down as a CCR on a lease. You’re only playing mind games if you think this is a benefit.
Yes, Im hung up on a Tahoe… I know there are better deals out there but I want what I want.
Either way (leased or financed) it’s still going to cost me about $42K to drive it for 3 years.
Like I said, I’m more curious to know if the Dealer is screwing me with the lease numbers that I posted.
There is nothing in the quote that suggests the dealer is screwing with you. You are screwing with yourself if you lease this vs. just financing it.
It’s an atrocious lease which has nothing to do with the dealer. You’d be spending $44k to drive a Tahoe for 3 years then give it back (or spend another $48k to buy it out).
There’s nothing wrong with being set on a Tahoe, but these are trucks you buy, not lease.
Definitely finance. Not from this dealer. Looks like they are charging you MSRP. I think @AutoCompanion has a healthy discount on them. It is a really nice truck. My Dad has a 2023 that he loves. It is all he’s been driving since 2010.
At the end of the day it all comes down to the math. Yes, you’re correct, Lease costs $44,000 to drive it for 3 years (I would NEVER buy it at the end of the lease).
VS
Financing:
73,591 @ 7.00%
$4400 Tax
= $77,990
The car’s gonna be worth about 50% LESS anyway.
Six and a half of one and a dozen of the other, No?
Are you just looking for someone to say, yes, go do it. The discount is pretty meh, the rebates are zilch, the interest rates to finance or rent charge on a lease is sky high, and you’re stuck on this car. Shop outside of your local area and negotiate harder; that’s the only thing you can do to salvage this, and even then it’s gonna still be pretty awful.
You’re gonna pay a dollar per mile to drive this thing. You sure this is what you wanna spend it on?
Not one bit, People keep saying that leasing these Tahoes are not the way to go. So, what I’m looking for is someone to help me what the “math” is between Financing VS Leasing. I’m not interested in driving a different (or cheaper) vehicle. I’m very well aware that I can drive a Subaru for a lot less but that’s not what I want.
Two different things!
MF on this is north of 8.15%. You can get a lower rate on a purchase from a CU. And you’re not restricted by GM Financial’s restrictive covenants on lease buy-outs, making for an easier exit. And as stated above, God forbid you total this thing while its leased and your $8,000 would have been better off at some Make-A-Wish foundation
It seems like you may be hung up & fixated on the “low price” of the lease monthly payments vs the actual overall cost lol.
FWIW I wouldn’t get one of these in any instance, period. Grossly overpriced and any sort of “deal” sucks at best. So I will try to sit on the sidelines for this one.
When I was shopping for used Tahoes from dealers with 20k-30k miles, a $70k RST trim was averaging around $58k - $62k. Totally anecdotal but these cars do hold their value pretty well.
