I used a forum called LEASEHACKR that will tell you the GM Financial Lease rate offers and residuals they are using at the dealership so you know if you're getting a good deal.
First two dealers I visited were hundreds of dollars higher in payment on the same priced Hummer as the one I bought. This was due to them charging a money factor that equated to 7.8% even though GM was offering 5.95% on monthly payments and 4.2% on single pay lease with A-tier credit.
I even had one dealer tell me the single pay rate was the same 7.8%, which is ridiculous obviously.
I finally found an honest dealer that gave me the GM lease rates without markup.
Here are a couple of tips: You need to add $7500 to the MSRP on the calculator to get the correct residual, as GM is giving the tax credit to everyone on leases. Also, in states like Texas, where sales tax is charged on the whole sales price, GM is paying all but 1.5%, so set the sales tax to 1.5% of the total vehicle price. You can then decide whether to include in the payment or pay up front.
Finally, make sure you choose the correct program. You want the Subvented lease (which means GM subsidized residual and money factor)
GM US Buick & GMC GM Financial Supported Lease Rates - 24-40GFK
Subvented Lease
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Lender: GM Financial
Expiration: 2025-01-02
However there are two of these. One is with WFP option which is the Omega option and one is without WFP. Scroll down to see if its with or without WFP
The omega units have a higher money factor (interest rate for lease) making them more expensive even if they were the same price.
Here is an example of the calculator on a 3X SUV for 36 months 12,000 miles a year, with a 120k msrp plus $7500 tax credit and sale price of 104,000
leasehackr.com
First two dealers I visited were hundreds of dollars higher in payment on the same priced Hummer as the one I bought. This was due to them charging a money factor that equated to 7.8% even though GM was offering 5.95% on monthly payments and 4.2% on single pay lease with A-tier credit.
I even had one dealer tell me the single pay rate was the same 7.8%, which is ridiculous obviously.
I finally found an honest dealer that gave me the GM lease rates without markup.
Here are a couple of tips: You need to add $7500 to the MSRP on the calculator to get the correct residual, as GM is giving the tax credit to everyone on leases. Also, in states like Texas, where sales tax is charged on the whole sales price, GM is paying all but 1.5%, so set the sales tax to 1.5% of the total vehicle price. You can then decide whether to include in the payment or pay up front.
Finally, make sure you choose the correct program. You want the Subvented lease (which means GM subsidized residual and money factor)
GM US Buick & GMC GM Financial Supported Lease Rates - 24-40GFK
Subvented Lease
−
Lender: GM Financial
Expiration: 2025-01-02
However there are two of these. One is with WFP option which is the Omega option and one is without WFP. Scroll down to see if its with or without WFP
The omega units have a higher money factor (interest rate for lease) making them more expensive even if they were the same price.
Here is an example of the calculator on a 3X SUV for 36 months 12,000 miles a year, with a 120k msrp plus $7500 tax credit and sale price of 104,000
CALCULATOR | LEASEHACKR
Leasehackr Calculator is the most powerful consumer research tool for car leases and car financing. It integrates lease, finance, and cash purchase programs for virtually all car models in the US and Canada.
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