Would someone be able to give me some advice on a lease quote I received below? This is for a 2019 Chevrolet Colorado Crew Cab Long Box 4-Wheel Drive WT. I already plan on trying to talk the money factor down, but wasn’t sure about how much I should try to negotiate the actual selling price. I told them to give me pricing without factoring in any down payments or trade ins.
Here is what the dealership sent me for a 36 month lease,10k miles per year in Indianapolis:
If it is the base MF there is absolutely nothing you can do about that. All you can do is negotiate to the base rate. The dealer might be marking it up for profit
It sounds like you are asking what the MF is. Leasing 101: Go to Edmunds Forums -> Chevrolet -> 2019 Colorado -> read the thread -> query the nice gentleman there regarding the MF, RV and incentives -> question answered.
No, the MF is not negotiable below the base rate unless you do a one pay (which many places don’t even know how to do). It sounds like you are at the base MF. Let us know how it goes.
Edit - @delta737h, yes, thank you i should have mentioned that. Not familiar with the GMF policy, but MSD’s may also lower the MF.
Are you head-over-heels in love with the Colorado and no other truck will do? These numbers are not that strong and I think you could follow incentives to get a much more competitive offer on another vehicle. If you want a smaller pickup, strong Tacoma deals come up frequently on these forums.
If you are open to going with a half-ton truck you will have significantly more options. I had been interested in a Colorado but ended up going with a Silverado because incentives were so much stronger. I ended up walking out the door with a 39 month 12K miles a year lease on a 2018 LT Double Cab All-Star for $1850 (fees and first month) with $330 a month thereafter. Others have done better, but I’ve been very pleased with the truck and the deal. If you can get Ford PCO they are a killer deal as well.
I actually am looking into all trucks of this size haha. I like the Colorado, GMC Canyon, Tacoma, but I would love a Silverado or F150. Just trying to figure out what brand is going to offer the best deal and I from what I’ve been reading it looks like Toyota might offer the best deals due to residual values.
I think the long box on a colorado is like 5.5 ft which is standard on all 1/2 half ton supercrews, plus more leg room, honestly if you’re going to spend 389 I would do it on a 1/2 ton where you have more payload, towing capabilities and interior size in general.
, maybe check the gmc version too