but isn’t the $3,000 rebate tied to the pull ahead deal? they’re offering to pull your lease ahead and pay up to a $3,000 in remaining payments. how could you be eligible for receiving this pull ahead deal with a $3,000 rebate on remaining payments and be required to have a non-GM lease for that 3K rebate, but you also have to have a GM lease (same dealer) to be eligible for the pull ahead offer?
Sorry for being dense, but this seems more complicated the more I’m learning about it haha.
I should mention that she was already at her 36K miles with 14 months left and facing $2K in penalties. She paid $500 down and her payment went up by $10/mo.
There’s no rebate. It’s dealers using key words to trick you. It says “not compatible with any offers, rebates or discounted sales.” You took a $3k advance instead of those things, which would have been far more lucrative. If you post a copy of your deal sheet or just some basic info (like sales price, money factor, monthly, amount down, etc.), somebody can point out where the the money on the RAV4 lease is being rolled into.
the short answer is: it’s not a real pull ahead program as I just described. They just use the terminology to confuse people, which is working as you can see. It’s a way to get you excited that you can get out of your lease early, when in reality they’re just moving the $3000 liability from your old car to the new one.
The non-gm lease rebate is completely separate, just look at it as a completely separate thing has nothing to do with pull ahead.
Getting late…gonna sign off. I suggest you read the leasing 101 section and follow this site. You have enough time to get to know leasing better.
my wife’s deal was not part of this 15 month pull forward with Basil. it was with West Herr. I’ll try and get the info tomorrow. appreciate the insight.
What was the buyout price and monthly payment on your wife’s RAV4? What was the MSRP on the Equinox?
As @305Hackr says, this is not a pull ahead, but rather a marketing gimmick. Dealers try this all the time to drive business. I mean, who doesn’t want a shiny new set of wheels instead of the current car they’re driving. With this kind of deal though that doesn’t come from the manufacturer, it’s all smoke and mirrors. They hide that “pull ahead” cash elsewhere in the lease, so you pay more in the end after taxes and interest.
Some other schemes dealers have done similar to this is the old “we’ll give you a guaranteed 3k toward your trade in,” which sounds great when you’re driving a 500 jalopy, or the “we’ll pay off 10k of credit card debt.” It simply doesn’t work as easy as it sounds.
In short - there is the real manufacturer’s pull-ahead where all remaining payments for the stated period are written off. And there is dealer’s “pull-ahead” where they just advance you some money, but rolling the same amount into your new lease, like others said
Interested to see the msrp of the equinox and rav4 monthly.
With this kind of deal though that doesn’t come from the manufacturer, it’s all smoke and mirrors.
Thanks for the reply. Is there something specific to look for in the ad or in the fine print that would indicate a “true pull-ahead” vs. one where they are just pushing those remaining payments into the new lease?
The GM pull ahead is like a lottery game. Not every leasee get the invite from manuf The invites comes in slow mail and sometimes email when the lease will be up in approx 6-8 months. There is also a certificate number attached to it. And those email/mail comes directly from GM and not dealer.
It looks like this…
What @force said. Likewise, you’d have to stay in the brand and not switch manufacturers to use it, and I haven’t seen a pull-ahead from GM for over 4 months for years since the GMAC days. Typically it’s between 2-4 months.
Volvo is the only brand I’ve seen in the last several years that offered a conquest pull ahead program, and it was for a specific car. Likewise, even then, I believe you had to have specific nameplates to qualify.
Remember…if it’s too good to be true…it probably is.
Maybe one of these days I will get a pull-ahead offer… but probably a better chance of winning the lottery!
Plus, a pull ahead offer is of little value to a hacker, as the payment is already low!!
I haven’t had a pull-ahead since the GMAC days in the early 2000s. I can’t get on the manifest list to save my life!
I thought GM rebates were complicated, but it seems Jeep/Chrysler/Ram is even more crazy!
are there instances where a pull-ahead may be worth it when it’s not a “true pull-ahead” like you described above?
Huh? A true pull ahead help in many ways because it allows you to walk away from current lease under certain conditions. An example, 4 months left into a lease and you already used up all the mileage allowed. Another, rolled negative equity in current lease and no longer want to keep paying a chevy cruze for $600 a month. A perfect scenario - need a big suv because wife just gave birth to a sextuplet and wont fit in the cruze that got negative equity rolled with 36k miles. I can probably go on and on why a “real” gm pull ahead can be advantageous.
@jryan154 A dealer pull ahead is just that, roll payments left and spread it out. If there is a negative equity and you cant come up with the money to sell it to 3rd party (carmax, carvana) and need a new lease asap, then i guess a dealer pull ahead or tradein is the only option.
A “dealer pull ahead” is really nothing more than a trade in, with negative equity rolled. You can pretty much think of them as one in the same.
Why would I want to pull ahead a lease that is already better than what I can get right now? Wow, GM is going to give me $416 to cover my last 4 payments of $104 each. Plus, a pull-ahead is a private offer, so that would have to replace any loyalty private offers from GM (which could be more than what pulling ahead 4 payments is worth).
Not saying it couldn’t be worth it to some people, but to the experienced hackers here, probably not…
