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Discussion Starter · #1 ·
I had just gotten the first offer from a dealer today on a 2008 Acadia below.
$533/Month for 36 months with 1297 due at signing. No other figures.
Now I know this is the first offer, but where do i go from here?
I have never talked these kinds of numbers before that I see in the postings.
I know this particular one has been sitting on the lot for about three months now.
Any help would be appreciated. ???



* ACADIA AWD SLE
* ENGINE, 3.6L VVT V6
* TRANSMISSION 6 SPEED AUTO AWD
* Gold Mist Metallic
* Ebony
MSRP: $36,470.00

CONVENIENCE PACKAGE:
PREFERRED PACKAGE:
ENTERTAINMENT SYSTEM - DVD
TRAILERING PACKAGE:
7 PASSENGER SEATING W/2ND ROW
CAPTAIN'S CHAIRS & 3RD ROW
SPLIT BENCH SEAT
 

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Not sur eif programs have changed.  Do the calcualtions to see if it is the best deal.

Remember,the SELLING PRICE(Capitlaized Cost) is what drives your lease deal. The MSRP, Resdiual and Money factor are parts of the calc but the only piece that is negotiable is the selling price. Negotiate that and don't put money down to reduce it.  Otherwise known as a cap cost reduction.

The Money factor of .00260 translates to about 6.24% (MF*2400).  GM is ntoknown for good MF's.

2008 GMC Acadia SLE 2WD - 4/29/08
24 Month – Residual 67% of MSRP – .00260 Base Rate
36 Month – Residual 60% of MSRP – .00260 Base Rate
48 Month – Residual 52% of MSRP – .00260 Base Rate

2008 GMC Acadia SLT 2WD - 4/29/08
24 Month – Residual 67% of MSRP – .00260 Base Rate
36 Month – Residual 60% of MSRP – .00260 Base Rate
48 Month – Residual 52% of MSRP – .00260 Base Rate
2008 GMC Acadia SLE 4WD - 4/29/08
24 Month – Residual 67% of MSRP – .00260 Base Rate
36 Month – Residual 60% of MSRP – .00260 Base Rate
48 Month – Residual 52% of MSRP – .00260 Base Rate

2008 GMC Acadia SLT 4WD - 4/29/08
24 Month – Residual 67% of MSRP – .00260 Base Rate
36 Month – Residual 60% of MSRP – .00260 Base Rate
48 Month – Residual 52% of MSRP – .00260 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

Use the following formula to calculate a lease payment:

(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Money Factor = Interest
Depreciation + Interest = Base Monthly Payment
 

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Discussion Starter · #3 ·
Wow! Thanks!
I was really shocked by the initial lease price.......I am going to have to go back and really do my homework.....
 
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