Silverado LT Lease Question

Ask the Hackrs
21

Deal No.: 1260140 16) INITIAL CAP COST: $ 45,900.00

  1. Lease Institution: LEASE 17) ACQUISITION FEES: $ 1,046.75

  2. Contract Date: 09/04/17 18) Cash Cap Reduction: $ 1,895.10
    Adjusted Cap. Cost: $ 37,851.65
    3) MSRP: $ 49,615.00 19) Total Initial Fees:
    4) ADDS TO MSRP: $2,295.00 Base Monthly Rental: $ 388.90

  3. Mileage Penalty: 20) Security Deposit…:

  4. L.E.V. %: 50.00%

  5. Lease-End Value: $ 24,807.50 21) Customer Cash: $ 2,308.31

  6. Lease Term …: 42 22) Amount Due at Start: $ 2,308.31

  7. Lease Factor …: 0.00125

  8. Customer Cash Down: $ 2,308.31 23) Total Monthly Payment: $ 413.21

  9. Rebate: $ 9,500.00 24) One Pay(Y/N)/Amt: N

  10. Total Trade Allow: 25) Date of 1st Payment .: 10/04/17

  11. LIC/TIT/INSP (CAP): $ 201.75

  12. Total Sales Tax: $ 1,021.02

  13. SERVICE CONTRACT:
    ommand:

This is a z71 4x4 TX Edition adding 22’s to the truck. If you’re wanting a 4" lift/level kit/fender flares/etc let me know. It’s going to get pricyyyy.

22

How much does a lift and flares add typically?

23

35" nittos, wheels, flares and 4" lift will run right up to 6800$. Puts the lease at 494$ with 2762$ due at signing for 42mo 42k miles. 24807 residual value. MSRP 49615

24

Can you just stop with the idea of leasing a modified truck? It’s terribly stupid. Financially, that is.

2 Likes
25

Are you the one paying the money for it?

26

It defeats the purpose of this site. You can’t “hack” a lease with thousands of dollars worth of dealer-installed options. It makes more sense to lease it stock, then install the mods yourself and remove and sell them at the end of the lease.

27

I won’t be paying for it, and Neither will you when you wake up and realize it’s a dumb idea.

28

All the 2017s are clearing out. Thus they give greater discounts. If I can get a payment I want with those upgrades, I’m fine with that.

29

Look… you are going to end up getting a $40k truck with (let’s call it) $8k tacked on for upgrades. When you turn that truck back in, they aren’t going to give you anything for that $8k worth of mods. That extra $8,000 over 36 months will be $222 extra per month before tax. YOU WILL NEVER GET THAT BACK.

Just do what @jmac63 suggested. Lease a stock truck, put your own mods on (if you can afford them monthly, it shouldn’t be a problem), enjoy it, take off the mods at the end of the lease and sell them privately to get some money back out of them.

30

Devil’s Advocate Warning…

He could be buying a 3.5 yr old truck with 40kish miles that’s lifted the way he wants in for 24k…

31

It’s not different than going from a base truck to a loaded truck.

32

You’re 20 years old and was worried you couldn’t afford insurance on an e-class. Now your’re gonna spend all this money to fix up a leased truck? Stop wasting people’s time. You aren’t getting any truck.

33

It is different though. Dealer installed options don’t affect the residual value, so those mods depreciate 100% over the length of the lease. If you got a truck with $8k more options from the manufacturer, that would raise the residual and those options would depreciate at the same rate as the rest of the vehicle.

2 Likes
34

I wasn’t worried, I was just asking because that’s a $70,000 luxury car. You don’t know my situation or anything about me and I’m not wasting peoples time. So why don’t you hop off this thread.

35

Gotcha. I appreciate that response! I’ll have to see, I got a quote for $500 with 1k down which wasn’t bad. I’ll see what they come back with. I’m really interested in the Sierra Denali. Has a high residual value and a decently low money factor.

36

I’ll hop off as soon as you get your fixed up leased truck and shut me up. :smirk: