So my uncle and his family came up to visit us and unfortunately his suv broke down and it was not worth it to fix. Instead, they leased a 2020 Chevy suburban.
Here is all the information I know:
MSRP: 71k
Monthly payment: $782
Down payment: a whopping 10k
What they got for their old car: 1k
Length: 36/12
Now I will be in the market next year for a vehicle and I’m a big fan of the suburban. I was just wondering if he got robbed because they knew he was in need of a car, or if this is just a terrible deal? The $10k down payment just seems so high and I’ve never seen it this high on this site. I guess I just want to know if you think this is a realistic deal or if it would’ve been possible to get it way lower? Once again, I know there isn’t a whole lot of info here to work with, but worth a shot. Thanks guys!
Without knowing all the specifics of the deal, it certainly does look like he got taken to the cleaners. That said, Suburbans aren’t known for their phenomenal lease deals either, especially in this environment, however, this does not even look remotely good on the surface.
I would not be concerned with these numbers for yourself, as 1 month from now, let alone a year from now, makes a difference in what you’ll pay, as MF, RV, and incentives change monthly.
Thanks guys! I know I’m a year away, but with a $600 a month budget, is this even remotely going to be possible for me to get one? Obviously going to depend on the deals at the time (which will be around January 2021).
