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Cadillac CTS Lease Questions

372 messages,  Last post on Dec 04, 2009 at 3:48 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#11 of 372
cts in winter by mprogan1
Dec 15, 2005 (9:29 am)
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i have been driving in the snow all my life rear and front wheel cars...never using snow tires. i just got rid of my 98 lexus gs300..a rear wheel drive automatic with traction control..it was fine in the snow..occasional issues but nothing major. i am looking at another rear whell drive vehicle but this time a manual transmission. does the manual transmission make a big difference when it comes to rear wheel drive in the snow. for the conversation i live in Western Massachusetts where snow start in December and goes thru March,.
#12 of 372
Current program any good by nkny
Dec 28, 2005 (4:08 am)
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Hi,
 
I went to a dealer today and I was told the current leasing deal of the base model is 1250 down plus tax and tags which totals to about 2500 (Idont remember the exact number) and 299.00 per month for 39 months I believe.
 
Is this a good deal as I really dont know much about leasing.
 
I was told it expires on 1/3/2006 so I better act fast
 
Thanks in advance for your help..
 
Nick in NY
#13 of 372
Re: Current program any good [nkny] by Car_man HOST
Dec 29, 2005 (3:37 am)
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Replying to: nkny (Dec 09, 2005 7:34 am)

Greetings Nick. 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.
 
Make sure to find out the full MSRP and selling price of the CTS that you want from the dealer. The selling prices of leased vehicles are always negotiable, so how good a deal the lease that you were quoted is depends upon how much of a discount you are being given. While GM's current lease program does indeed only run through January 3rd, I don't expect its replacement program to be any less attractive than its current one is. It is difficult to predict exactly what automakers' future lease and incentive programs will be like, but I suspect that the salesperson who you were dealing with was trying to create a false sense of urgency to get you to purchase your new vehicle ASAP.
 
Car_man
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#14 of 372
Leasing Experience...need advice by policelady
Jan 11, 2006 (2:00 pm)
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Here is my leasing experience:
2002 Chevy Impala for trade-in...owed 19,000.00 and was given 11,000.00 in trade. Was told that I was 9000 negative equity from previous car deals. Lease dealer said in order to hide negative equity, they would need 1500.00 down, my vehicle and would give me a 2005 CTS new with sticker price 34,000.00 and my payments end up being 625.00 a month. What happen to me? good or bad?
#15 of 372
Re: Leasing Experience...need advice [policelady] by Car_man HOST
Jan 12, 2006 (3:14 am)
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Replying to: policelady (Jan 11, 2006 2:00 pm)

Hi policelady. I am sorry to hear that you are so upside down on your current vehicle. You probably don't need me to tell you this, but you would be much better off waiting until you are leas upside down to get a new vehicle. Having said this, I would be happy to give you my opinion on this deal, but you never mentioned the selling price of the car that you are interested in leasing. This is an important number 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 the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. Let me know the selling price and I'll tell you what I think.
 
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#16 of 372
cts lease by gritter
Mar 22, 2006 (6:00 pm)
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hi carman i went to a cadillac dealer yesterday and was quoted on a 2.8 liter auto cts as 2639 down and 299.99 a month lease 10k a year 36 month lease. I see above me they recently ran a special for 1250 down. Do you know if they'll be running a special like that again any time soon?
#17 of 372
more info by gritter
Mar 22, 2006 (6:01 pm)
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msro is 31,190 thought id add that
#18 of 372
2006 CTS 2.8L Money Factors and Residual by dolsey01
Mar 23, 2006 (7:23 am)
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Car_man,
 
Can you post the money factor and residual value for a 2.8L 2006 CTS, or the GM equivilent for a 36/15K lease.
 
Much Appreciated!!!
#19 of 372
Re: cts lease [gritter] by Car_man HOST
Apr 02, 2006 (9:39 am)
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Replying to: gritter (Mar 22, 2006 6:00 pm)

Hi gritter. The most recent advertised lease that I have seen for the 2006 Cadillac CTS 2.8 is $299 per month with a little over $1,500 down. Having said this, like most manufacturers' advertised lease payments, I suspect that this one leaves a little meat on the bone and can be beaten by a smart shopper who lives in an area where there is a decent level of competition. I would be happy to use GMAC's actual lease program for this car to work up a sample lease payment on it for you if you provide me with its full MSRP and selling price.
 
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#20 of 372
Re: 2006 CTS 2.8L Money Factors and Residual [dolsey01] by Car_man HOST
Apr 02, 2006 (9:41 am)
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Replying to: dolsey01 (Mar 23, 2006 7:23 am)

Here you go, dolsey01. If you were to lease a 2006 Cadillac CTS 2.8L through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 3.95% and 51%, respectively. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
 
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