GM Inside News Forum - View Single Post - GMAC raises floorplan rates, reduces lease programs

M_RABID · 08-01-2008, 03:50 PM

Leasing residuals stay the same on most cars, BUT interest rates jump 2% across the board.
The only GMC with a lease program still in effect is the Acadia. (rate up 2% from 6.25 to 8.25... Enclave is at 10%!!)
Envoy, Sierra and Yukon leases have ended. (Canyon and Savana never REALLY leased well anyway.)

Envoy does get 0% to 72 months WITH $1000.00 bonus cash (+$2000.00 if you qualify for lease pull ahead). That gives you a payment comparable to the old Envoy lease, but you are CEMENTED into that vehicle for ATLEAST 4 years (if you drive low miles!) depending on how trade in values look in the future. So much for flipping vehicles every two or three years.

THIS IS NOT GOOD!

08-01-2008, 03:50 PM	#5 (permalink)
M_RABID 3.5 Liter V6 Join Date: Jan 2005 Location: Michigan Drives: 2008 GMC Acadia SLT2 Posts: 241	Re: GMAC raises floorplan rates, reduces lease programs Leasing residuals stay the same on most cars, BUT interest rates jump 2% across the board. The only GMC with a lease program still in effect is the Acadia. (rate up 2% from 6.25 to 8.25... Enclave is at 10%!!) Envoy, Sierra and Yukon leases have ended. (Canyon and Savana never REALLY leased well anyway.) Envoy does get 0% to 72 months WITH $1000.00 bonus cash (+$2000.00 if you qualify for lease pull ahead). That gives you a payment comparable to the old Envoy lease, but you are CEMENTED into that vehicle for ATLEAST 4 years (if you drive low miles!) depending on how trade in values look in the future. So much for flipping vehicles every two or three years. THIS IS NOT GOOD! __________________ Just because you're paranoid, doesn't mean they're not after you.