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2017 Chevy Equinox LS lease: potentially $116/month, $0 down!

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The '17 Equinox may very well be this year's '16 Cruze Limited (well, not nearly as crazy, but still pretty good). The details are for a deal in MARYLAND, though it is likely this offer is valid in other states as well.
***This also requires that you were a Costco member as of 30 September...otherwise you don't qualify for the $700 Costco giftcard.

Here are the numbers for a 24 month/10k mile lease for a LS in Maryland:

MSRP: $26,555
Money factor/MF: .0007 (1.68%)
Residual: 67%
Base lease cash: $1,700
Incremental CCR: $750 (may be regional)
Lease conquest incentive of $1,500 effective 12 - 31 Oct ($500 lease loyalty incentive available in lieu of conquest)
If you can find a unit with a bonus tag, that is worth another $750 on a lease.
Plus the $700 Costco card of course.

Assuming you find a unit with a $750 bonus tag, combined with the $1,700 base lease cash + $750 incremental CCR +$ 1,500 lease conquest incentive, that's $4,700 in total incentives, and we get the following numbers for a MSRP $26,555 LS unit in MD:

'17 LS @ $26,555/24 months/10k miles:
$0 down
MF: .0007 (waive the $595 acq fee for a .00125 MF, resulting in ~$3/month savings)
Residual: 67%
Buyout price: $17,791.85
Final monthly payment: $185.07 ($300 MD doc fee and $279 MD tag/title fee included as well as full MD tax)

Toss in a $500 farm bureau rebate if you are eligible and the monthly becomes $163.61.
Factor in the $700 Costco card, and the effective monthly goes down to $134.45!

Finally, if you are in a state that doesn't tax the whole sale price of the car like MD, a state with a 6% tax rate would have a final effective monthly payment of around $116, give or take a few bucks and assuming you qualify for all possible rebates/incentives.

As always, your mileage will vary, but a screaming deal may be out there for the taking!

***EDIT - link to a deal closed in Florida for basically what was described above, but for a more expensive LT unit: https://forum.leasehackr.com/t/20...orida/4582
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This comment has been rated as unhelpful by Slickdeals users
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#2
Whoops, forgot to post this assumes you can get about a $3,400 dealer discount.
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#3
What is the cost for more miles on the lease?
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#4
Quote from Eagles89
:
What is the cost for more miles on the lease?
12k/year would be around $11 more per month, 15k ~$32 more.

And wth, why are people neg voting my post? Lol
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#5
Great deal, but the 2018 model looks much better. Voted up !
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#6
Quote from bro1999
:
12k/year would be around $11 more per month, 15k ~$32 more.

And wth, why are people neg voting my post? Lol

2017 Chevy Equinox LS lease: $116/month, $0 down!

I won't mind even though I currently own my car only if it was possible in my state.
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10-14-2016 at 10:15 AM
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#8
Quote from ATSUKO-KIYOSHI
:
You couldn't pay me to drive a piece of shit like this
No - we won't even try!
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#9
Quote from ATSUKO-KIYOSHI
:
You couldn't pay me to drive a piece of shit like this
then move on bro, no need to post
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#10
Dont think the farmers discount is stackable with costco supplier discount
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#11
Can this deal be duplicated in NJ? I'm not an expert in car leasing. Would I just walk into the dealership armed with this info, or is it best to email or call? Why the thumbs down?
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#12
Quote from don602
:
Dont think the farmers discount is stackable with costco supplier discount
Costco pricing is NOT technically supplier pricing, even though it offers a very similar discount. So $500 farm bureau WILL stack with Costco.

Key is finding a bonus tagged unit.... that's $750 right there. And of course the ~3400 dealer discount. That'll be the toughest thing to get probably.

If anyone is in MD, I can give you the dealer contact that'll honor the lowest MD quoted price, assuming you qualify for all the incentives.
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Last edited by bro1999 October 14, 2016 at 07:50 PM.
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#13
I'm honestly not sure if it's possible to get that large of a dealer discount. When I leased an Equinox on NYE last year, I struggled to get $2500 off. I just don't think it's possible to get $3400 off. That being said, I do plan on trying to lease a second for my son if I can get it for under $150 here in New Jersey
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#14
I'm in Maryland, please share your dealer and salesman info. can pm me if you want also.
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#15
dealer details please
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