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lease a 2024??

snikr
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newdude Senior Enthusiast

newdude

Posted
Posted
On 7/31/2024 at 11:52 AM, snikr said:

Problem I have is I need a V-8 engine and trailer brake controller and you can't find many of those options here in Vermont.

 

2 hours ago, snikr said:

To reply to some of the latest posts.....I have been looking at the current offers and if I get the TurboMax engine almost NONE of them have the trailer brake controller installed and I need that for the 21" 2 ton travel trailer I tow. And I am not so sure that Turbomax engine would do well towing my camper here on our hills in New England. If I look for a truck with a 5.3 liter V-8 and trailer brake controller I get those high payments IF I can find a truck outfitted with those options.

 

 

Have you driven a Turbomax?  310hp, 430tq which peaks at 3000rpm but offers 90% or more of its torque from 1500-4000rpm.  5.3 is 355hp but 383tq and that peaks higher up at 4100rpm.  They can tow anywhere from 9000-9500lbs, depending on cab and 2wd/4wd, which is right dead nuts on with the 5.3.  

 

I have one, I've towed anywhere from 1500-7000lbs with it and it tows better than the 2018 5.3 (same gen 5 as your 2021 just with AFM not DFM) and 2012 5.3 I had in the past.  Plenty of good towing experiences in the 2.7 facebook groups with it.    

 

As for the brake controller, do you have to have the factory integrated one?  Because GM through its dealers offers two Curt controllers, one is the Curt Spectrum, the other is their bluetooth one.  

 

Also also, does it have to be a GMC?  You can probably do cheaper on a Chevy too with either engine.  

snikr Enthusiast

snikr

Posted
  • Author
Posted
3 hours ago, gmcleer said:

If you’re looking for another opinion, I would definitely buy it.  It’s what you want and nearly new.  If/when rates come down and your truck is beginning to get tired, then go new or new to you.

DIG  DIG DIG   We have a winner!   That is just what I am thinking. Plus being 72 it might last longer than I do.

bdallas Enthusiast

bdallas

Posted
Posted

You can try to negotiate a lower buy out price.

 

Many years ago when I had a lease, at the end of it I contacted the bank directly and negotiated a lower price.

Don't bother with the dealer you leased from, go straight to the bank... If it was GM Financial, odds are against you, but it's worth a shot.

 

 

  • 4 weeks later...
snikr Enthusiast

snikr

Posted
  • Author
Posted (edited)
On 8/2/2024 at 5:50 PM, bdallas said:

You can try to negotiate a lower buy out price.

 

Many years ago when I had a lease, at the end of it I contacted the bank directly and negotiated a lower price.

Don't bother with the dealer you leased from, go straight to the bank... If it was GM Financial, odds are against you, but it's worth a shot.

 

 

My lease is through Ally and from what I understand they don't deal much. I know some area dealers who will NOT deal with Ally!

Edited by snikr
Imcrazy Senior Enthusiast

Imcrazy

Posted
Posted

I’m for keeping the current truck. I stopped leasing about 7 years ago and don’t miss it a bit. Payment was cheap but, hated being on the lease term time table and worrying about how many miles I was putting on etc. 

snikr Enthusiast

snikr

Posted
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Posted
3 hours ago, Imcrazy said:

I’m for keeping the current truck. I stopped leasing about 7 years ago and don’t miss it a bit. Payment was cheap but, hated being on the lease term time table and worrying about how many miles I was putting on etc. 

Right now the plan is to buy it at the end of the lease (one more payment to go on the lease). After all, I do this used trucks history. And you are correct Imcrazy, I do not have to worry about mileage (however I only put on about 9000 miles a year. Retirement is NICE)

  • 3 months later...
ZeldaLovely New Member

ZeldaLovely

Posted
Posted (edited)
On 7/30/2024 at 10:32 PM, snikr said:

I have 3 months left on my 2021 1500 Sierra crew cab and I got a SHOCK when I looked in to leasing a new Sierra! They want to more than DOUBLE my current lease payment  (going from $410 a month to $825)to put me in to a 2024 that is CLOSE to what I have. OUCH!!!!!   Looks like I will be buying my current truck when the lease is up. Being on a fixed income having to pay over $800 a month to lease a new truck is NOT an option. Anybody else having this problem??



I also rented this car for the time when I will be travelling
pngtree-red-suv-lamborghini-urus-clip-ar

Yeah, I’m in the same boat! I was looking to trade my 2020 Silverado for a new one, and the lease prices are absolutely insane right now. I couldn’t believe it when they told me it’d be almost double what I’m paying now. Like you, I’m just going to buy out my current truck when the lease is up. It’s in good shape, I know how it’s been treated, and honestly, I can’t justify those crazy monthly payments for a new one that’s barely an upgrade.

It seems like prices have just gone wild across the board—trucks, SUVs, everything. Add in higher interest rates, and leasing isn’t the deal it used to be. A friend of mine had the same issue with his Ram, and he ended up buying it instead of leasing something new too. Fixed income or not, $800+ a month is hard for anyone to swing!

Edited by ZeldaLovely
snikr Enthusiast

snikr

Posted
  • Author
Posted

That is what I did. I bought my truck at the end of the lease. Seeing as I know how it was serviced and treated it was a "no brainier". Enjoy your truck.

GN2018 Enthusiast

GN2018

Posted
Posted

For those of you who bought your truck at the end of the lease, did you do well financially?  Was the residual less that the market value of the truck?

snikr Enthusiast

snikr

Posted
  • Author
Posted
On 12/21/2024 at 10:14 AM, GN2018 said:

For those of you who bought your truck at the end of the lease, did you do well financially?  Was the residual less that the market value of the truck?

In my case the deal was good. Residual value was about $32.5k and I looked to replace it with a used 2021 like mine and they were going for about $40k

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