Quote:
Originally Posted by JRTJH
This is just a comment from a casual observer, but you state your current vehicle (a 2007 Tahoe) has 266K miles on the odometer. That is an average of 26.6K annual miles. Every lease I've seen that is "affordable" is limited to 10K or less per year. You're looking at a 24 month lease with 52K miles. That won't be the "advertised rates" rather likely to be 2.5 to 3 times the advertised rates. At that kind of lease payment, you can buy one cheaper.
If you're considering a lease vs buying, talk to a "GM lease specialist" and get the real price of a 26K per year lease. Then you can make some valid decisions. I'd suspect that you won't find a $199.99 per month for 24 months with $1000 owner loyalty kind of offering. More likely it will range closer to $600 a month with a significant penalty for each mile over 50K.
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Makes sense. However, I bought the truck used with 172k on it. I've had it a little over 4 years now I think, but lets call it 4 years. Thats 24k per year. Still well over the 10k mark that most lease deals go for. However my commute when I bought the truck was about 5 times greater per day than my commute now.
I've put together my daily commute, at least every single thing that is measurable that I can think of and overestimated that. Best I could come up with is 5300 miles per year. So I doubled that. 10.6k. So I figure I'd start my looking at the 10k mark, and up that to 12k if it seemed cost effective.
FWIW, the last GM dealer I talked to, said it wouldn't be a problem to get me into a DC silverado with the 5.3l for $200 a month (lease). But I know that they will say whatever to get you in the door. I've done all the calculations online with my supplier discount and everything else, and it seemed fairly close, so I felt that it was at least worth checking into. That was last months deal though, not sure what the current ones are.
Anyways, nothing ventured, nothing gained I guess. I think its safe to say, that no one here uses a (newer) gm v6 product to tow with, or is willing to admit to it lol.
Thanks for all the info about all the other stuff though!
