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Cadillac CTS Prices Paid and Buying Experience

363 messages, Last post on Sep 26, 2009 at 8:21 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: ltcadviser (Jul 07, 2008 5:43 pm) |
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Replying to: clubmanager1 (Mar 10, 2008 5:39 am)
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Replying to: dallasdude1 (Aug 09, 2008 6:45 am) I'm not sure what the 'S' stands for.... but, it isn't supplier.. regards, kyfdx |
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| Looking at purchasing a 2008 CTS, what is a fair price over invoice today? | |
Anybody bought a CTS lately? What should you expect beyond red tag pricing?
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| you probably arent going to get anything off the redtag sale.....I bought one during the employee discount offer last month...09 CTS fully loaded....was almost $8K off the MSRP...the CTS is still a popular model.....they are selling extremely well here in northern VA | |
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Hi all. I have what appears to be a very nice deal on a 2009 CTS pretty close to fully loaded for just under, not including taxes and such. My question is the lease deals are not very good now and I have not financed in a VERY long time. I hate to buy the car for cash as I probably won't keep it more than 3 years and thus that sounds like throwing money away. I am trying to figure out how to calculate when I will no longer be upside down on a purchase? If I finance $25K or so for 48 months, will I be right side up after 2 years, if I figure a interest rate of roughly 5.5%? This is a tough choice as I really like the CTS but the other "luxury" brands are much more flexible with lease deals. So I don't want to screw myself here, but am not very good at figuring these things out. Thanks for any thoughts!! |
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I see I forgot to put the price offered in my post and since I can't figure out how to edit a previous post, I am reposting with the price. So here is the edited message: Hi all. I have what appears to be a very nice deal on a 2009 CTS pretty close to fully loaded for about $37,429, not including taxes and such. My question is the lease deals are not very good now and I have not financed in a VERY long time. I hate to buy the car for cash as I probably won't keep it more than 3 years and thus that sounds like throwing money away. I am trying to figure out how to calculate when I will no longer be upside down on a purchase? If I finance $25K or so for 48 months, will I be right side up after 2 years, if I figure a interest rate of roughly 5.5%? This is a tough choice as I really like the CTS but the other "luxury" brands are much more flexible with lease deals. So I don't want to screw myself here, but am not very good at figuring these things out. Thanks for any thoughts!!
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Replying to: gator5000e (Nov 18, 2008 2:43 pm) You can use the dealership bank lease, arrange for your own bank lease or using a site like leasecompare.com which shop lease for you. Buying and leasing are very similar in cost. We pay for the depreciation and the interest cost of using the car. The main difference is that at the end of the lease, the residual is set. In economic situation like ours now, manufacturer are lossing money big time because they set the residual too high a few years back. Basically manufacturer are assuming the risk that they residual may not work out the way they predict it. |
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Replying to: hopkibae (Nov 10, 2008 3:56 pm) They would not drop any lower than that at all. I thought with the times and since I was the only one in there they would. Not so much. I happy with the deal. Good rate over 60 months and the car is AMAZING and Gorgeous. This is my first Domestic car purchase in my life. I will tell all of my import friends to look into this car from this point on. It is really that nice. The drive and steering are amazing and the tech is just as grand. Good luck everyone |
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