Are both 4WD? Correct me if I am wrong, but for 2017, both models have the Auto 4WD included?
What would each dealer be willing to negotiate if you ordered? (Actually, that probably only applies to the Canyon as the Colorado sounds like it is already there.)
I'd take the Colorado quote to the GMC dealer and say match it or I am buying a Colorado. For me, assuming apples-apples, that $5K difference on a 2017 is significant enough I would have chosen the Colorado myself.
Note that on the 2017, most of the technical differences that existed between the two models in 2015 have disappeared.
Yes, 4WD is a must for me living at 7500 ft with the amount of snow we get. I haven't looked at if they would be willing to negotiate if I ordered a truck.
I think you answered your own question. I'm a Colorado guy, but based on what you say, you want the Canyon.
As to leasing. . . I would never lease.. unless it's no money down and incredibly low mo payment.
I don't dislike the look of the Colorado, but prefer the Canyon better, but maybe not $5k better.
I have leased the last 3 cars, all because I put nothing down other than document fees, and my payments are where I want them to be. At the end of the lease, I can turn it in and walk away, buy it from the leasing company, or trade for another vehicle. In a lot of cases, leases are not worth it, but I've done the math on a few scenarios, and typically, it was better for me to lease.
When you drive 24K miles a year, it is real hard to justify a lease. And from that standpoint, adding 900 miles to the truck on a lease on day 1 does seem a bit self-defeating.
I drive about that much, but always get 10k/yr leases. The mileage limit only really applies if you turn in the vehicle at the end of the lease, so for me, I'd rather save a little each month, and at the end of the lease weigh the options that I listed above to see what the best situation is.
Originally Posted by haulingnothing
1. You clearly prefer the Canyon, so get a Canyon.
2. You plan to switch out bumpers, so don't lease. If Laura is the best deal, buy it there. If it costs you 900 miles to get $5K savings, that's still a great deal.
With my past leased cars, I have done numerous modifications. You just have to be willing/able to reverse them if you turn in the car, or understand that you might pay a little bit toward damages.
Plus you can visit dear old dad. He misses you since you moved away.
Actually, he moved away from us for his job... but I digress.
Do not lease...purchase your truck. Trucks hold there value better than cars, so it will be worth something when you get tired of it and want something else. I would go to Laura in a heartbeat. You cannot beat their prices and you don't have to haggle. Laura has the truck you really want, so go with it. I have the All Terrain X package on mine and I can tell you I paid more than $39000, but that was due to them giving me so much more for my trade in than anybody else would by a large margin. Really had little room to negotiate on that one.
One of the reasons I was looking into leasing was BECAUSE they hold their value so well. With a lease, you are buying the depreciation on the vehicle. Or at least the "expected" depreciation on the vehicle. If it depreciates quicker than you are paying, then turn it in and walk away, if it doesn't, then you can use the "equity" in it to trade up to the next new thing. This is exactly what I've done with my 3 previous leases. At the end, I was typically ahead of the depreciation, and I used the equity toward the next one. Always driving a less than 3 year old vehicle is nice.
I'm trying to break the habit though, and actually keep a car for a long time, but it has to make sense financially to me first.
On another note, scratch the above Canyon. I went to the dealer on my lunch break and they run a total bait and switch operation there. The vehicle above sold like 4 days ago, but is still listed on their website, and when I called to see if they still had it, they said yes. They also have a '17 Sierra SLT All Terrain with a lift, graphics and wheels/tires on their site for $46k, but what it doesn't say anywhere is the $46 is before you also have to pay for the lift and stuff. So really, it's a $57k truck. False advertising, misleading BS. They tried to get me into a '16 SLT in Cardinal Red for "up to $10k off", when I asked how much, they said $37k would be the price, which is nowhere near $10k off. The LGZ and Z71 Suspension are definitely worth getting.
It may turn out that I get the Canyon from Laura, but I need to make sure the numbers work out. If I finance it, the payments have to be spot on or else it's no go, that is if they actually can't lease it.