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Cadillac CTS Lease Questions

370 messages,  Last post on Oct 07, 2009 at 9:15 AM

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What is this discussion about? Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan

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#1 of 370 Cadillac CTS: Lease Questions by Car_man HOST Aug 31, 2005 (2:16 am)
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Cadillac CTS. Thanks.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: gershon (Jun 13, 2007 7:35 am) Car_man (Jul 13, 2007 2:02 am) mb6 (Aug 01, 2007 11:19 am) flightnurse (Aug 01, 2007 3:13 pm) mb6 (Aug 03, 2007 5:40 am) and 1 more... Car_man (Aug 24, 2007 2:53 am)
#2 of 370 06 CTS by sjm4 Nov 06, 2005 (8:49 am)
Hi Carman. Do you have info for the lease money factor and residual for the 2006 Cadillac CTS. Looking for a 12K/36mos lease. Thanks. Replies to this message: Car_man (Nov 07, 2005 3:23 am)
#3 of 370 Re: 06 CTS [sjm4] by Car_man HOST Nov 07, 2005 (3:23 am)
Replying to: sjm4 (Nov 06, 2005 8:49 am) I sure do, sjm4. Here is the information that you are looking for. If you were to lease a 2006 Cadillac CTS through General Motors Acceptance Corp. right now for 36 months with 12,000 miles per year, its base lease rate and residual value should be 3.95% and 54%, respectively. As you can see, GMAC publishes what are known in the industry as lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. When negotiating your lease on this car, make sure to keep in mind that GM is currently providing $1,750 lease cash on it. This money will help you to negotiate an attractive capitalized cost for your lease.   Car_man Host Smart Shopper / Prices Paid Forums
#4 of 370 is this a good deal by flwolve Nov 18, 2005 (5:23 pm)
I am looking at a 2006 CTS with the sports package which has the 18 inch wheels, spoiler, and a modified grille. The dealer says the invoice is $42K.   I am putting $3K down and receiving around $4300 for a trade-in so I'm putting down around $7,300. The lease offered is $450 per month for 36 months, 12K miles per year. Is this a good deal? Replies to this message: Car_man (Nov 22, 2005 3:09 am) flwolve (Nov 23, 2005 5:40 pm) Car_man (Dec 08, 2005 3:26 am)
#5 of 370 Re: is this a good deal [flwolve] by Car_man HOST Nov 22, 2005 (3:09 am)
Replying to: flwolve (Nov 18, 2005 5:23 pm) Hi flwolve. Let me begin by saying that I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your CTS would be exactly the same, regardless of whether you had put a whopping $7,000 down, or had made absolutely no down payment at all. You can still trade in your current vehicle and lease a new one if you want to, just have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease.   You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you are considering if you let me know what these numbers are.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: flwolve (Nov 23, 2005 5:40 pm) Car_man (Dec 08, 2005 3:26 am)
#6 of 370 Re: is this a good deal [Car_man] by flwolve Nov 23, 2005 (5:40 pm)
Replying to: Car_man (Nov 22, 2005 3:09 am) I called the sales person and got all of the numbers. The initial deal for the CTS was as follows   MSRP - $41,240 Selling price - $39,523 Net trade in - $4,100 GM Dollars - $3,000 Lease payment - $450/month   So it includes $7,100 down, but the $7,100 is a noncash outlay so I never feel the pain.   I actually turned this deal down because the TMV price for the car per Edmunds was $39,000 so I told the dealer I wanted an additional $500 of the selling price and he eventually gave in. The new lease payment would have been $435/month. Only problem was when I went down to sign the papers, they had already sold the car. Oh well. Replies to this message: Car_man (Dec 08, 2005 3:26 am)
#7 of 370 Negototiating a CTS Lease by cbuccieri Nov 28, 2005 (6:33 pm)
Help! This will be my first lease. I'm doing my homework so I think a lease if right for me. I am looking at a 2006 CTS with MSRP $35080. The dealer is quoting me 36 months/12,000 miles with $0 down payment with payments of $433 monthly (plus sales tax and excise tax) Buyout is $18,943. I have read your other replies and I think this is a reasonable deal. You mention in one of your replies $1750 lease cash from GM. What is this about? Should I be able to negotiate the $35080? Replies to this message: Car_man (Dec 08, 2005 3:29 am)
#8 of 370 Re: is this a good deal [flwolve] by Car_man HOST Dec 08, 2005 (3:26 am)
Replying to: flwolve (Nov 23, 2005 5:40 pm) Thanks for the additional information, flwolve. The GM dollars are a great way to make a down payment on a leased vehicle, but you would be better off having this dealer cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease. You are in luck if you haven't leased yet because a couple of days ago GM sweetened its incentives on it. It increased the $500 bonus cash that was available on this car to $1,600 the 2.8L model and $2,100 on the 3.6L model.   Car_man Host Smart Shopper / Prices Paid Forums
#9 of 370 Re: Negototiating a CTS Lease [cbuccieri] by Car_man HOST Dec 08, 2005 (3:29 am)
Replying to: cbuccieri (Nov 28, 2005 6:33 pm) Greetings cbuccieri. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   The selling prices of leased vehicles are absolutely negotiable. Negotiate as low a price as possible stipulating that you want any available incentives subtracted from it. The current cash incentives that are available on a leased 2006 CTS include $1,750 lease cash plus another $1,600 bonus cash on 2.8L models and $2,100 on 3.6L models, for a total of $3,350 on the 2.8 and $3,850 on the 3.6.   Car_man Host Smart Shopper / Prices Paid Forums
#10 of 370 is this a good deal by mprogan1 Dec 15, 2005 (9:25 am)
hi...in the market to lease a 2006 2.8 CTS 6 spd manual transmission...the deal that i have worked out has come to a monthly payment of 420.75 with 2500 due at lease inception. I am coming in bare (no trade in)...any information will help..it looks good on paper and GMAC has a great lease program with early buy outs.

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