Thread: Who is leasing?
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Old 05-25-2016, 07:19 PM   #112
suzook

 
Drives: camaro
Join Date: May 2013
Location: Stony Brook,NY
Posts: 1,756
Quote:
Originally Posted by moe stacolli View Post
How much was your total price and what tier of credit did you fall in? I was quoted roughly 43k total for a 1SS with mag ride (36k) with employee pricing on gmfamilyfirst and somewhere around 6k of negative debt carried over from a trade in.

An actual price can't be determined because it will be a 2017 and gm has not released pricing. That is what I was told. Anyways, 680 a month was a figure based off 2016 model pricing for three year lease with gmfinancial at a high three percent interest figure. Nothing down.

I am fairly ignorant to auto loans and leasing but I am just looking for some advice to avoid being taken advantage of.

Also, what is the skinny on buying after the three year lease? Can I refinance a longer term? I was thinking the first three years would suck but after that I can drop down back to below 400 or less a month.
830 credit score. Don't remember total price. Was about 1500 off msrp...which was 48950.
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2016 2SS,A8,NAV,NPP,MAG Ride,Sunroof
Hyperblue/JetBlack
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