GMC TERRAIN SLE - BASE MODEL(LOANER WITH 2800MILES)
12K/24M
MSRP: 29190
SALE PRICE: 26245
MF: 0.00118
DOC: 80
ACQUI FEE: 495
TAX INCEN: $6050
RESIDUAL: 63%
LICE/REG: 380
TAX: 9.50%
1ST MONTH & DOC/REG/AQUISCION FEE UP FRONT.: (ABOUT $1145)
Not sure how, but deal advised their rate is @ $170/month after tax. I told them i will think about it…and they called me back to seal the deal for less than $150/month…(WITH LESS THAN $800 DRIVE OFF)
Any suggestions?
thanks,
Just be careful, since its a loaner with 2800 miles that means 2800 gets deducted from your 24k allowed.
Really? I’ve never leased a loaner, but my lease numbers have always started from the miles when I signed the deal.
GM Financial is different.
Youre making me doubt myself but Im almost sure of it, anyone feel free to correct me.
I’ve never leased from a GM brand. You could be right, it would just be surprising to me.
I’m pretty sure the residual is reduced by a certain amount per mile, maybe 10 or 15 cents per mile. It should be reflected in the residual
That’s correct. You do have the option to buy the miles at inception by a residual drop for the miles currently on the car though. I think it’s 25/mile, but I’m on my phone at the moment and don’t have access to the workbook for certain.
Otherwise, his lease would be 24/21,200 mi
I think it’s .20 a mile?
Correct. 0.20 reduction in miles, and max allowed is 7500. If you don’t do the mileage reduction penalty, you lose those miles in your lease.
Thank you All! I think i will double check with Dealer before i sign the deal. I do remember seeing $0.20/mile
Would the deal be good if i make sure it’s 24000mil/24 month i/o 21200miles/24months
thanks,
It’s not terrible I suppose, but you should be able to do better on a loaner. This one was recent and brand new. She did have 500 more in incentives though, to be fair.
what a bummer, they told me they sold the loaner car to someone after 1.5hour of their e-mail to me…