I had leased one of the 2017 equinox lt’s 2 years ago with the deal posted here. I had paid 172.97 per month for 24/10 with 1222 due at signing and 700 costco gift card. Since that deal was based on all of the incentives GM was throwing out to clear inventory before the 2018s hit the lots I wasn’t expecting to get as good a deal this time, but I did close on this last night working with the same dealer as last time.
The one I got includes the confidence and convenience package along with a cargo net. I also got the 700 Costco card again for this year’s holiday sales event.
**MSRP: $**30105
**Selling Price: $**26667 before GM rebates
**Monthly Payment: $**214
**Cash Due at Signing: $**1st month, tag, taxes, and dealer fee. See calculator
**Incentives:**2500
Well lease loyalty is only $500 on Equinox, so the dealer is either going to eat the $1,000 difference or want to redo the deal!! $1,500 is only for competitive lease or lease loyalty purchase.
You paid $1,623 at signing, so effective $282 per month.
I mean the discount is pretty good, but there are not enough incentives to make it a great deal. Plus, doesn’t Florida tax the payment and not the entire price?
You need to factor in the 700 cash back from Costco which brings down the effective rate. You are also double dipping the first month payment. Paying it upfront at closing doesn’t raise the effective rate.
I qualified for both loyalty and conquest. I told the manager use whichever is greater. He said they were the same this month so he used the loyalty. If he did screw up, I’ll just have to resign using the conquest.
I agree it’s not as great as the deal 2 years ago, but then they were practically trying to clear out the inventory for the new generation getting ready to arrive on the lots. This time you are talking about a model year that has only been out for a few months.
Effectively I’m paying 1384 more over the life of the lease vs last time.
Funny how the FWD version has a higher residual than the AWD. It was always the opposite in the past.
I also have a 2017 Equinox LT and am looking to get into the 2019 LT but have 3 more payments. Payments are only $180 which I signed back in April of 2017.
Does anyone know if GM will waive the last 3 payments if getting another GM vehicle or would I have to eat those last 3 payments?
Zoder, good job on the lease. Looks like a great payment. I am going to try and replicate this month.
Thanks to @Zoder for this post and send me details. Was in the dealership with wifey and shell be getting a 2019 Equinox FWD LT with Convenience and Confidence Pkg. Payment is coming out to $250 tax included. They’re taking back the 2017 Equinox . Prob could’ve saved more since I know they didnt just eat that $540 (3 payments at $180) but wifey didnt care and was happy with the $250 payment. Just first payment due at signing and plates. Also getting a $300 Costco card in the mail so virtually a sign an drive.
She picks it up this week as the dealership was closing and they had to prep the car etc. Thanks again to zoder for the initial post.
