Jump to content

Leasing?

adock22096
 Share

Recommended Posts

adock22096 Enthusiast

adock22096

Posted
Posted

Does it make sense to lease with the intent to buy? A couple dealers near me are offering $199 per month lease for 24 months with $3,700 down. It’s for 10,000 miles per year. It said it was offered on the LT with Z71 package. I typically only drive 10,000 miles a year so that wouldn’t be a problem.

  • Replies 49
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

aseibel
aseibel

Leasing is for those who aren't financially able to afford to purchase a new vehicle, and those who feel they need a brand new vehicle every 36 months or less.   If you do the math, you will

Jaychevy81
Jaychevy81

Yea that’s a load of crap cause you can’t financially afford it. Doctors lawyers big corporations lease every day so they can’t afford it either please. They make money off you either way. What would

sk
sk

The big thing about leasing isn't just the lower price -- it's that if you stay in leases you never have ANY repair costs.  And if you lease the higher brands (Buick, Cadillac, etc) most of them inclu

Jaychevy81 Enthusiast

Jaychevy81

Posted
Posted

Yea I think so you start out with a cheaper payment. When you go to finance it down the road it’s still a cheaper payment. Also maybe in 24 months you decide hey I want a newer one or something. I leased my 15 had the double cab with the v6. Glad I leased cause I was gonna keep it but decided to turn it back and get a redline edition. It all depends on what you wanna do.


Sent from my iPhone using Tapatalk

Kubs Enthusiast

Kubs

Posted
Posted

I am currently leasing mine with the intent to buy.  The payments were less, and it basically turns a normal 5 or 4 year loan into a 6 year loan with potentially lower interest rates.  Also, if you plan to buy, it doesn't matter if you go over on the mileage limit.

  • Like 1
LTeddy Enthusiast

LTeddy

Posted
Posted

I'm on my 2nd lease I love leasing getting a brand new truck every 2-3 years is nice..I might be buying my 17 after they came out with the 19 unless they change something cause they're ugly! Cheap payment for 2 years and if you keep its still a pretty cheap payment

Sent from my SM-N950U using Tapatalk

LTeddy Enthusiast

LTeddy

Posted
Posted
Are they able to give an estimated buyout when you start the lease? 

Yup it's right in the paperwork you sign which there's a bit of it lol but they'll explain everything to you and will specifically show you the buyout price at the end at least mine did and I've dealt with 2 dealerships so far

 

Sent from my SM-N950U using Tapatalk

 

 

 

  • Like 1
wforrest08 Senior Enthusiast

wforrest08

Posted
Posted

If the math makes sense might not be a bad idea. Read the fine print in case you decide to turn it in or buy it (like said above how much is it?). I personally never thought about leasing till recently the wife wants a newer SUV and after talking with a coworker that is on his second Silverado lease and is considering purchasing it but might upgrade to a 2500 if not. This time around he went with a truck loaded the way he would have bought it anyway. I like the idea for the wife that way in case we were to end up with a lemon, we don’t like, or our needs change there’s a easy out. For me a lease wouldn’t work. My coworker also said that they include one set of tires in his lease period (minimum tread requirement) so his salesman told him to come in before his lease is up and get them if he’s buying it. So I’d check out your maintenance agreement and damage clause then figure that into your overall cost. Nice thing about trucks is if you do buy it to start with if you need to get rid of it they don’t depreciate as bad as most everything else 

Jaychevy81 Enthusiast

Jaychevy81

Posted
Posted

Yea it’s def a smart choice I got the preferred package so if you lose a key or fob free replacement. Free battery free wipers tire protection. But also you can get a higher trim for less out of a monthly payment. I had a LT double cab. Which I was going to buy out at the end but the double cab wasn’t gonna cut it with 2 in car seats. So I turned it back and bought a 18 crew LTZ redline edition. I know for a fact if I had financed the 15 LT they would have fought me on a trade in so it def has perks to lease if you can do so I would.


Sent from my iPhone using Tapatalk

adock22096 Enthusiast

adock22096

Posted
  • Author
Posted

Well I looked further into it and you must have a current GM lease in the house hold. Unfortunately we don’t have any new GM vehicles. I’m still expecting the deals to much better for purchasing as the 2019s hit the lots. I also saw that GM had a recent grad program that offered $3500 towards a Silverado so that’s another thing I have to consider. 

LTeddy Enthusiast

LTeddy

Posted
Posted

Yea there will be some great deals coming soon for the 18s since 19s started hitting the lots just keep checking.. Every month or so they have different rebates for different vehicles just keep checking that's what I did

Sent from my SM-N950U using Tapatalk

Loco Diablo Enthusiast

Loco Diablo

Posted
Posted

As the deals get better, selection gets slimmer.
The current deals aren’t bad.
If you see what you’re looking for now, and can strike a deal, I’d go for it!


Sent from my iPhone using Tapatalk

Kubs Enthusiast

Kubs

Posted
Posted
13 hours ago, texasaggies16 said:

Not a fan of leasing, normally when I see higher trimmed vehicles my first thought is oh thats lease lol.. to each their own.

I used to not be a fan of leasing because you put all that money into it, and build zero equity.  However, when you lease with the plan to buy you know what the buyout price is at the end and your lease payments go toward that value.  It allows you to get a nicer trim level for less or the same monthly payment, you just have more payments than a normal car loan. 

300 Blackout Enthusiast

300 Blackout

Posted
Posted

The actual payments are $354, but you are paying money up front to bring the payments down to $199.

Perhaps that is a useful strategy if you plan on seeking a loan or mortgage approval in the near future and total monthly payments are a factor in you approval.

I’ve leased a few vehicles and found that I didn’t modify the vehicle the way I wanted because I knew I had to turn it in. This detracted from my overall enjoyment of the vehicle.

It seems to me that you can not negotiate the price of a leased vehicle as much as a vehicle you are buying and the incentives seem better for purchases too.

Leasing before buying is a good idea if you aren’t sure you’ll like the vehicle or if you don’t want/can’t afford the payments of a new vehicle. In that case, it’s essentially a way to stretch out payments over a longer time period which may allow you to purchase a vehicle or keep payments lower. You will however probably pay more in the long run as opposed to buying it outright.



Does it make sense to lease with the intent to buy? A couple dealers near me are offering $199 per month lease for 24 months with $3,700 down. It’s for 10,000 miles per year. It said it was offered on the LT with Z71 package. I typically only drive 10,000 miles a year so that wouldn’t be a problem.




Sent from my iPhone using Tapatalk
  • Like 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.

  • Forum Statistics

    250.5k
    Total Topics
    2.7m
    Total Posts

  • Member Statistics

    342,894
    Total Members
    8,960
    Most Online
    TopBo
    Newest Member
    TopBo
    Joined

  • Who's Online   0 Members, 0 Anonymous, 876 Guests (See full list)

    • There are no registered users currently online

  • Latest Articles

  • Posts

    • davester
      New to Me 2010 SLE (Quirks, Issues)

      By davester · Posted

      not all plugs will be used.  gm uses more generic harnesses that support most/all options, and if your truck doesn't have a specfiic option, the plug won't be used (commonly will have a dummy insert in the plug , or it'll be taped up, but some may just be left as is).  But it's sldo possible some p.o. has installed the wrong/cheaper parts that aren't correct for your vehicle...
    • fm2176
      New to Me 2010 SLE (Quirks, Issues)

      By fm2176 · Posted

      First off, I'm not trying to just get easy advice/fixes for the issues I've noticed so far.  I'll be combing through the site via searches and such, and if past experiences are any indication, should find what I need.  For the sake of conversation, though, I figured I'd post the handful of things I've noticed in the 12 hours since buying my 2010 SLE CCSB.     Indicator lights: Airbag and TPMS.  The tire pressures aren't reading for any of the wheels, so I'm pretty certain the sensors were either removed, are damaged, or are otherwise inoperable.  I used to mount and balance tires 25 years ago but am pretty much ignorant when it comes to TPMS.  My 2006 didn't have the sensors and this might be the fourth vehicle I've owned that does.     Radio: Rear speakers aren't working.  I removed the driver's side rear door panel and checked the speaker and wiring.  I also removed the sill and b-pillar covers to check the wiring.  A few minutes of Google Fu showed that this is potentially a head unit issue.    Switches: Power mirrors don't turn left/right.  I ordered replacement driver's door switches that should arrive tomorrow.  The windows and locks work but it was only about $20 for all of them.  The driver's side rear window switch lets the window down but won't put it back up.  I think the passenger rear doesn't work at all.  In the coming days/weeks, I'll break out my multimeter to check all of that.   Unknown wiring harness: There's a box attached to the front driver's side of the engine compartment, right where the second battery shelf is located.  There are three plugs, one of which looks like it fits a standard headlight-style bulb (9007 or similar).  It doesn't look like it's plugged into anything.  I'll do some digging and if I don't see anything elsewhere on the site, post some pictures here.   Unknown plugs on brake booster: There are at least two female plugs on the brake booster that aren't being used.  I think it might be a replacement/aftermarket, so maybe those are used for a different application, as there don't seem to be any unplugged harnesses and no indicator lights are on.   Little squeaks when turning: Sounds almost like a bushing around the bed of the truck.  I'll have to pay close attention as I get more familiar with the truck.   Clunk on acceleration: possibly the infamous drivetrain clunk.  My 2006 had it and I'm just not familiar enough with this truck yet to fully grasp what it is.   Anyway, my apologies for the vague and all over the place post.  This truck is new to me, and it's been four years since I drove my 2006.  With 200k miles, I know I'll need to learn this truck quickly to avoid having any major issues, despite being confident it's got much more life to it.  My 2006 had nearly 320k on it when I parked it (nearly 300k of which I put on the truck), and it was still drivable then, though I suspected the head gasket might have blown.  I'd hoped to have that truck back by now, but it's gone forever, as I detailed in my reintroduction thread.  
    • lowrider
      Range RA007 DFM Module

      By lowrider · Posted

      I always drive in Sport mode. With more driving, I am finding the initial response when accelerating is much quicker now🖕 Lou
    • Tyler Gibbs
      2022 2500HD with a new RSI SmartCap

      By Tyler Gibbs · Posted

      Is it an optical illusion in the pic or is the truck really squatting that much horribly?
    • fm2176
      It's Been a Long Time...

      By fm2176 · Posted

      My initial introduction was here.  It's hard to believe that I last posted in February 2013, having just deployed to Kyrgyzstan.  Since then, I've retired from the military and the 2006 Sierra SLT Z71 that first brought me to these pages was lost.  I went forward to Afghanistan in March 2013 and did a lot of sitting behind a computer on brigade staff.  Within 18 months of getting back to the States, I was selected for Drill Sergeant duty, after which I moved back to Virginia (my home state and where I served from 2004-2008).  That '06 Sierra did a lot of driving between Louisiana, Georgia, and Virginia, and ended up with nearly 320k miles by 2022.  By then, the registration had been expired for a couple of years, but the pandemic had all but eliminated tickets for such transgressions.  Admittedly too, I usually drove my wife's SUV or son's car the 2-3 times a week I had to report to work.  Teleworking sure was fun while it lasted.   I started my retirement leave four years ago and stored the Sierra at my sister's house.  A big mess was made when her fiancé passed while she was taking care of business out-of-state in late-2024, and his son pretty much mismanaged everything to do with the estate.  Even so, I was assured that my truck was safe... until it wasn't.  I found out that my truck had been scrapped about four months after the son took over everything.  There's nothing I could do; I'm 1000 miles away and it was technically abandoned property since he'd even trespassed my sister from her own house (she had no claim to it as she wasn't married, and the fiancé was the sole owner).     Anyway, today I got my second Sierra.  This is a 2010 SLE 2WB CCSB with a little over 200k miles on it.  It's got the 5.3L I'm familiar with and should handle what I need it for.  Hauling stuff that won't fit in the Transit Connect (yep, I sold out, but that's the wife's vehicle) and towing a few times a year tops.  The price seemed decent, considering how much people sell their trucks for in the Deep South: $4500.  I've seen similar trucks listed for more than double that.  I got it from a coworker who left his tag on until we transfer the title next week (Louisiana requires a notary for transfers), so I've been driving it all day.  The rear speakers don't work, which is one of the things that brought me back to these forums earlier.  I can't say how active I'll be as a poster, but I'll be scouring the archives while I find out every little thing I can about the 2010s and particular nuances/problems with my truck.   It's definitely not a GMC, but I got another Willys Jeep a few months back as well, so I'm almost at the same place I was when I first joined gm-trucks.com.  My old 1960 DJ3A was sold back around 2010 or 2011; my current Jeep is a 1946 CJ2A.  So, I've got a slightly newer GMC and a much older Jeep.  I kind of wish I still had that F-250 I had way back when too.  The Dakota is long gone and was technically my brother's truck, though I had it registered and insured.  The F-250 had to go when my grandmother's house was foreclosed on due to mismanagement around 2012 or so.     Hopefully anyone that made it this far isn't too annoyed.  I tend to be long-winded, but I'll be doing more reading than posting in the coming months.

  • GM-Trucks.com Clubs

  • Popular Contributors

×
×
  • Create New...