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Prices Paid: Buying & Leasing Experiences Cadillac CTS Prices Paid and Buying Experience
308 messages, Last post on Jun 16, 2008 at 5:13 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: cjackson2 (Feb 20, 2008 5:08 pm) Many dealers are still getting full MSRP for every CTS they can get. I talked to my father's dealer In Port Richey, Fl last week. He did not have a single CTS on his lot, and he wouldn't take a cent off MSRP when his next shipment arrived. I also spoke with a dealer friend in PA who told me he can sell everyone he can get for full MSRP within a week of it hitting his lot, but he offered me $2,000 off if I wanted to order and wait. The car business is tough, so I don't begrudge a dealer for getting what he can. Nor am I upset that my friend didn't offer me as good a deal as I was able to get elswhere. What you can do depends on local demand. A dealer with ample inventory will deal, but one who has a short inventory will not.
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The deal I was just offered for a fully loaded CTS: MSRP $48740 (don't have the spare tire) GMS $42970 39 month lease, 6.1% lease rate 12k $592 down and $592 month 61% residual 15k $636 down and 636 month 58% residual Out of the 4 dealers in the Cleveland area, this was the only one willing to use the published 6.1% rate, actually showed me the GMAC printout that shows all the published rates. A dealer outside the local area even offered a little better deal but he didn't have the car I wanted in stock and had no idea when he might get one due to the back order situation with the Premium Luxury Package, but he offered $583/mth with $0 down for 12k. Bottom line is there are a few dealers out there that will honor the 6.1% lease rate.
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Replying to: jazz32 (Mar 05, 2008 7:50 pm)
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Replying to: clubmanager1 (Mar 10, 2008 6:39 am) |
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Blue tooth kept me from CTS. Dealer will add for around $500 a system which, in fact, gives me a desired second screen. Anyway, instead of (highly discounted to invoice) Infiniti G-35 or (substantially discounted) Lexus GS350, I now lean toward CTS. I can wait, if necessary, to get a better price or capitalized price. How much above invoice can I now get a CTS for?(Do I add in ad fee?) Is there a discount because I'm switching from a BMW 530I? BUY: What is GM interest rate for financing? LEASE: What is GM interest rate, or MF, for leasing CTS for 12,000, 15000 miles? Is there decreased interest rate or MF for multiple security deposits? Many thanks. |
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Still must decide between three DIFFERENT 2008 cars -- all that I like Lexus GS350, Cadillac CTS (with blue tooth added, giving me separate screen), or Infiniti G35. Then, must decide whether to buy or lease. Incidentally, Lexus has best mileage, but Cadillac uses regular gas. I currently have BMW 530i expiring lease which, with Edmunds help, I had leased for net MF, and much less, with multiple security deposits. Anyway, for GS350, G35, and CTS, could you please provide: (1) Target deal relative to invoice+destination (and any rebate) (2) If buy, available finance rates (3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually Any better MF or interest rate for multiple security deposits? Thank you for this information. I'll also put on other forums, in case you guys see that first. Thank you!
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Replying to: asteinberg (Mar 21, 2008 7:16 am)
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Replying to: lonestar2 (Mar 23, 2008 5:04 pm) But the navigation system is antiquated/obsolete/dysfunctional; the AM-FM-satellite is too much hassle to change stations; in general, the I-controller is stupid. I've had poor service -- BMW dealers are elitist, and the company cannot adequately service the cars. It was in the shop twice for 2-3 weeks for an airbag-related problem. Air conditioning is too loud, like going back in time to low technology. I still like the handling, and the lease terms were good. I'm not enthused about any of my choices because none has everything I want, and I don't want to go to a sharply higher price range. Also, I wish I had definitive info for leasing CTX, Infiniti G35, Lexus G350; have 15000 mile info on some, not 12000. I like that Cadillac has big nav screen, real time traffic (unlike Lexus G350), and regular gas, unlike both of the others. I'm really undecided, though I know I want a rear-wheel drive. |
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I've just been screwed by GM and was wondering if anyone else has had this happen to them. I went to my Cadillac dealer almost 5 weeks ago to look at a CTS. Long story short: drove it, loved it, wanted it. The dealer didn't have a car on the lot with the color and options that I wanted, nor was he able to locate one. So I gave him a $1000 deposit to order one from GM. Part of what made the deal attractive was GM's Luxury Conquest incentive. Because I'm trading in an Acura, GM was going to knock another $1000 off the price. "This is great!" was what I was thinking. My first Cadillac and my first American car in about 10 years. Cool. Not so cool. I received a phone call from my dealership a couple of days ago informing me that GM has decided to pull the Luxury Conquest incentive from the CTS and apply it to the STS. Which means the great deal I received when I signed the contract/order sheet is not so great anymore. In an instant, GM has renigged on their offer of $1000 for anyone trading in another luxury marque even after they have placed an order for their car. Is it just me, or does anyone else think this is an unfair business practice on GMs part? Whether I purchase the car off the lot or place an order for it from the manufacturer, any incentives offered at the time of signing should be locked in to the customer. Dropping a rebate is one thing. Pulling it back from a customer who has already ordered the car is just dirty business as far as I'm concerned.
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Replying to: dfusnik (Mar 26, 2008 5:24 am) In May 2004, I was looking to buy a Bonneville GXP. Could not find one locally (northern VA) I wanted, so I special ordered it. Got a screaming deal! And, at the time of my order, the rebate on Bonnys was $3,000. Got a call about a week later informing me that Pontiac was not building any more 04 Bonnys, but was transitioning to the 05s. So, I could order an '05 (no time frame for delivery was available at that time, no rebate either), or try to find an '04 in a dealer's stock. I found an 04 GXP in Delaware that was scheduled for delivery to the dealership about a week out optioned exactly as I wanted. While not my first choice for color, it was my second choice, and I decided to purchase the car. I did all that over the phone, and they matched the price. At the end of that week, I went to Delaware and made the deal. That was a Friday, and the car was delivered to the dealership the following Monday. I picked up the car the next Friday, and Pontiac had increased the rebate from $3,000 to $5,000 a few days days before I took delivery. I got the higher rebate, even though the paperwork was written before the rebate was increased--the rebate was based on my delivery date. |
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