Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 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
|
|
|---|---|
|
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!!
|
|
|
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. |
|
|
|
|
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 |
|
|
|
|
The two dealerships I have been dealing with have previously told me that any lease deal would be in the between $700 (48 months) to $775 (36 months) with 12K mile lease. Therefore, I did some shopping for possible financing alternatives and qualified for a 5.13% loan for 60 months. Payments would be roughly $650 a month with about $8,000 down. Today, one dealership calls and tells me that the lease payment has now dropped to $659 at 36 months, 12K miles with $1,887 due at signing. Dealership says no change in the MF (.00266) and Residual (49%) so I am not sure what changed. Anyway, I am trying to determine which is the best route to go and was hoping someone could give me some insight. I didn't really see a leasing vs. buying forum so if this needs to be moved, please do so. Thanks in advance.
|
|
|
Replying to: gator5000e (Dec 01, 2008 11:40 am) Could you buy this car for cash. If so how much would it cost, how much interest would you lose, or how much would you have to pay for financing. How often would you like to trade for a new car (the current CTS will probably not change appreciably for the next four or five years.) All of this needs to be taken into consideration before you can decide on the best deal. |
|
|
|
| Thanks, bingoman. Pretty much a fully loaded CTS - Premium collection, but Rear wheel drive. I would prefer a lease. I was just curious at the sudden drop in leasing payment with all factors otherwise the same. | |
|
|
|
I have received this (final) offer for a 2009 CTS with Premium Collection and spare tire - bottom line is $39,447. This is a quote on a specific car - I have the VIN #. I do not know how long the car is going to be there for, so any thoughts would be appreciated. Below is what the internet manager told me when giving me the bottom line price. The source for my reference invoice price was Costco Auto. I'm not sure what you're looking at as far as the invoice is concerned, however the invoice on this vehicle is $47,282 and we are selling it for $45,447, so we are actually below invoice. There are only been $6000 in rebates. I previously showed you $7000 because I had coupons from GM that I could use, however those have all been used on customers who have already purchased a vehicle. The difference between MSRP and supplier pricing is not the same on all cars. Like I mentioned previously, the amount due at signing hasn't changed. It's still right around $1900 (I think the exact amount before was $1887). The amount due at signing line includes the available rebates. When you calculate the lease payment on your own, it is never going to exactly equal what we calculate because of the license fees, dealer fee, acquisition fee, etc. There is always going to be a slight difference, no matter how you are doing your calculations. The bottom line on the car without the wheels is $39,447 and this is the best I can do. Thanks for any thoughts.
|
|
|
Replying to: gator5000e (Dec 06, 2008 10:18 am) Aside from this you need to know the residual value of the car at the end of the lease. This is what the dealer thinks the car will be worth as a used car at the end of the lease. You will have to decide for yourself if this is a realistic number (you might use some source such as Kelly Bluebook for a car of the same make with the same mileage and years, but this is a guessing game as the economy and car preferences change over the years.) You also need the tax, license and other fees included in the price. Then you need a good financial calculator to determine the monthly payment or the interest rate, depending on which the salesman is quoting you. Doing the calculations yourself is the only way to keep the salesman honest. Good luck.
|
|
|
|
|
Replying to: bingoman (Dec 06, 2008 11:38 am) The MSRP matches, however their “invoice” price is $1000 off because they don’t take into consideration the $1000 that GM charges us on every vehicle for their mass advertising. I encourage you to go on Costco’s site again and build this car again because I cannot save it and send it you like you were able to for some reason. On the 2nd page of the invoice I sent you yesterday, you’ll see in the bottom right hand corner where it says “remit to GMAC” – the VIN is listed there, along with the amount that we have to send to GMAC for the car (the invoice price) I think I have the other items you mentioned figured out, and I know the dealer is making money, but if the final price is fair, then it might not be a bad deal. Although now I may consider finance over leasing. Thanks again for all you great explanations, suggestions and pointers.
|
|
|
|
|
Has anyone heard about or experienced this issue with the 2008-2009 CTS? http://www.cadillacforums.com/forums/cadillac-cts-forum-2008-beyond/119196-have-- we-solved-steering-vibration-freeway-37.html 48 page thread discussing a mysterious shimmy problem. Apparently Cadillac knows about the issue and has issued a tech bulletin but has not solved the problem yet. See Post # 369 on page 37 of the thread for the bulletin. Has anyone who has recently purchased a CTS run into this problem? |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Cadillac CTS Prices Paid and Buying Experience
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Cadillac CTS
Browse by Board
Browse by Topic
Today's Chats
