[Blueclyde]

Originally Posted by bballr4567

Again, it makes no sense at all. Just do three years at this point.

Don't want three years. I want out after two.

[Modshack]

Originally Posted by Blueclyde

Don't want three years. I want out after two.

This is pretty simple. Pay the price or walk away.

Arguing here isn't gonna change a thing..

[Blueclyde]

Originally Posted by Modshack

This is pretty simple. Pay the price or walk away.

Arguing here isn't gonna change a thing..

Totally agree with you. Not arguing at all. Just somewhat dumbfounded.

[Modshack]

Originally Posted by Blueclyde

Totally agree with you. Not arguing at all. Just somewhat dumbfounded.

I'm guessing GM wants these cars off the books (sold), not Loaned.

[Blueclyde]

Originally Posted by Modshack

I'm guessing GM wants these cars off the books (sold), not Loaned.

Clearly but this will hurt overall deliveries.

[Modshack]

Originally Posted by Blueclyde

Clearly but this will hurt overall deliveries.

They don't seem to care given the lack of advertising etc. I guess theiy're making plenty of money on this model...

[bballr4567]

Originally Posted by Blueclyde

Don't want three years. I want out after two.

Yet they are giving you the extra year for free basically.

Again, it doesn't make any sense why the extra year only subtracts a point on the residual. I wonder if it's supposed to be 67% instead of 57%.

[raptor5244]

Originally Posted by bballr4567

Yet they are giving you the extra year for free basically.

Again, it doesn't make any sense why the extra year only subtracts a point on the residual. I wonder if it's supposed to be 67% instead of 57%.

Yeah, 57% after 2 years sends the wrong message to anyone. You would hope your car does not depreciate that fast. They may be taking the same approach they do with new corvettes. You don't see many lease offers on them as well, but they continue to sell everyone they make each year.

[Top_Agent]

GM Financial is doing almost 100 pct of all their new leases. If the 24 months did drop significantly in residual, they are basically pricing that term out in favor of the 36 months. That's all it is. Those who were hoping to do 24 months can do a 36 months at close to the same monthly prior to the drop in the 24 month residual.

[Blueclyde]

RV's are that good for 36 months either. Not enticed at all. I'm throwing the towel in for this year with the lease terms. I specifically want 24 months.

[angelbones]

Originally Posted by raptor5244

Yeah, 57% after 2 years sends the wrong message to anyone. You would hope your car does not depreciate that fast. They may be taking the same approach they do with new corvettes. You don't see many lease offers on them as well, but they continue to sell everyone they make each year.

After all these posts, I'm going to assume this is true, as no one has refuted it. That being the case, if I wanted to only keep the car for two years (and actually I also considered a 2 year lease), seems like it would be better to buy and sell it in two years. The car is not going to depreciate 43% in two years. Conservatively, I suspect it would depreciate, in real world numbers, about 12k-13k for a 2SS (roughly 45k sale price). So you'd end up losing less money by buying then selling the car in 2 years, rather than a 2 year lease at 57%. GM must be crazy.

[suzook]

Originally Posted by angelbones

GM must be crazy.

Not crazy, just not interested in a 2 yr lease. Its simple.

[moe stacolli]

Originally Posted by suzook

Not very good either. I am at $575 a month on a 3yr with zero out of pocket on a fully loaded 2ss. Terrible? No, but close.

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.

[suzook]

Originally Posted by moe stacolli

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.