Top GMC Deals & Must-Know Advice In October

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - October 15, 2020

GMC is offering surprisingly good deals on 2021 SUVs and trucks in the month of October. For example, the 2021 Sierra 1500 already features a $4,500 rebate when choosing a crew cab. If you're having trouble finding a 2020 Sierra due to the current inventory shortage, choosing the newer truck could be worth it.

The 2020 Terrain is among the cheapest leases on a midsize SUV with prices starting at just $252/month. You can even lower your amount due at signing with a special discount when coming from another lease. Now that the 2020 Canyon is sold out, the 2021 truck ranks among the cheapest leases on a truck.

APR deals remain off the table despite a special promo for Chevy buyers. That said, a new Costco discount offers a $1,000 bonus on select 2020 and 2021 vehicles.

Most offers listed here are scheduled to end November 2, 2020 and are available nationally unless noted otherwise.

Top GMC Lease Deals, Financing Incentives & Rebates

Model Best GMC Lease Deal Best GMC Financing Deal Best GMC Rebate
GMC Terrain
GMC Terrain
Lease from $252/month (2020 Terrain, GM/Non-GM Lessees) Contact dealer for finance offers Up to $5,750 (2020 Terrain)
GMC Acadia
GMC Acadia
Lease from $278/month (2020 Acadia, GM/Non-GM Lessees) Contact dealer for finance offers Up to $5,500 (2020 Acadia)
GMC Canyon
GMC Canyon
Lease from $279/month (2021 Canyon, GM/Non-GM Lessees) Contact dealer for finance offers Up to $2,500 (2021 Canyon)
GMC Sierra 1500
GMC Sierra 1500
Lease from $319/month (2020 Sierra 1500, GM/Non-GM Lessees) Contact dealer for finance offers Up to $6,000 (2020 Sierra 1500)
GMC Yukon
GMC Yukon
Lease from $449/month (2021 Yukon, GM/Non-GM Lessees) Contact dealer for finance offers Up to $1,000 Costco Discount (2021 Yukon)

Explore the full GMC lineup »

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Must-Know Advice For GMC Buyers

Truck shortage. Those looking to buy a new Sierra may find it exceedingly difficult to find one in stock. Like other brands, GMC inventory has been affected by production stoppages due to the coronavirus pandemic. You may experience higher prices as a result, with no immediate relief in sight.

Low base prices have a catch. GMC models like the Acadia may start at less than $30,000, but there's a hidden catch worth knowing about. For example, base trims like the Acadia SL are actually excluded from incentives. As a result, you may find better-equipped styles to be a substantially better deal.

Big differences in deals. Like Chevy, sales from GMC can vary greatly from month to month. In some cases, you may find no financing incentives whatsoever. We generally find that GMC discounts favor rebates over 0% financing. The downside is that it can be impossible to predict whether offers will get better or worse.

Baked-in discounts. One of the reasons why GMC is able to advertise such cheap leases is the fact that most offers reflect a discount of up to $1,500 for coming from another lease. Whether it's another GM vehicle or that of a competitor, you'll have to eligible for the discount to get the advertised price.

A downside of Employee Pricing. GMC occasionally offers deals involving GM Employee Pricing. However, the amount you save can vary depending on configuration because it's based on a formula derived from the invoice price. As a result, the amount you save could be considerably less than you think.

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, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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