Last post on Dec 02, 2013 at 12:39 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#101 of 976 Re: New to leasing [blinddate]
Feb 25, 2007 (5:53 pm)
Greetings blinddate. 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.
In answer to your specific question, both lease cash and bonus cash can be used to reduce the capitalized costs of leased vehicles. So for the purpose of calculating a lease payment, there essentially is no difference between these two types of cash incentives. Negotiate he lowest possible price that you can on the CTS that you are interested in and then have the dealer that you are working with subtract any available cash incentives from that.
I can give you an idea of what the current lease program is like for the car that you are interested in. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac CTS 3.6L with 15,000 miles per year are 3.95% and 51%, respectively. General Motors is currently providing $2,200 lease cash on this car. Make sure to take it into account when you are negotiating its capitalized cost.
Prices Paid Forum
#102 of 976 Re: CTS Lease [caddyhunter]
Feb 25, 2007 (6:07 pm)
Hi caddyhunter. 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. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
Prices Paid Forum
#103 of 976 Re: CTS Lease [Car_man]
Feb 27, 2007 (6:15 am)
Thanks the agreed selling price is 29,281 and total out of pocket is 2,415 Thanks again.
#104 of 976 What should the price be?
Mar 11, 2007 (12:44 pm)
2007 CTS - 2.8L with some options
MSRP - $37,620
Invoice - $34,483
What should the down payment and monthly rate pre tax be on a great 36 or 39 month lease - 12K miles per year?
How much more would an extra 1K miles per year add?
#105 of 976 2007 CTS 3.6L Bose Ed, Luxury Package
Mar 26, 2007 (3:56 pm)
I am inquiring about the following lease deal:
less -$2,200 lease incentive
Offer price = $34,190
Amount leased $34,190.00 plus tax, tags, docs
$329 for 39 months
Do you think it is possible/worthwhile to get them to move on the MSRP
#106 of 976 Re: 2007 CTS 3.6L Bose Ed, Luxury Package [aldogger2001]
Mar 27, 2007 (8:58 am)
If you can't get a Cadillac dealer to move off MSRP on a CTS it's because you're not trying hard enough. There's a new model coming out in about four months and the last thing a dealer wants is a lot full of last year's leftovers!
#107 of 976 Current GMAC lease terms
Mar 30, 2007 (12:12 pm)
Hi Car Man,
Can you tell me what the current GMAC residual percentage and finance factor would be on a 2007 CTS for a 39 month lease with 15,000 miles per year? I am thinking that I should be targeting a purchase price about $500 under the Edmunds invoice price. Does that sound right or are there incentives that would warrant a lower target?
Apr 07, 2007 (8:07 pm)
I wanted to know how much a 24 month lease on a CTS with a MSRP of $38,220.00 with 15,000 miles/year would cost me if I prepaid the lease? I also get GMS pricing. Thanks.
#109 of 976 Re: What should the price be? [milsey2]
Apr 10, 2007 (2:23 am)
Hi milsey2. This car's lease payment will vary depending upon the selling price that you are able to negotiation on it. I believe that General Motors is currently providing $2,900 lease cash on the 2007 Cadillac CTS. Let's say that you were able to get this car for $500 over invoice, which would really be $2,400 under invoice after the lease cash is taken into account. According to my calculations, if you were to lease a 2007 Cadillac CTS that has an MSRP of $37,620 and a selling price of $32,083 ($34,483 - $2,900 lease cash + $500) through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $414. With 15,000 miles per year, the payment for an otherwise identical lease of this car would increase to around $443.
Prices Paid Forum
#110 of 976 Re: 2007 CTS 3.6L Bose Ed, Luxury Package [aldogger2001]
Apr 10, 2007 (2:33 am)
Hi aldogger2001. Unfortunately, this is not a very good deal. It appears as though you are not receiving any sort of dealer discount on the CTS that you are interested in. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around for the lowest possible selling price that you can get on the CTS that you are interested in before talking payments. I personally would shoot for a selling price of around $500 over dealer invoice minus the available lease cash on an '07 CTS right now. You can look up the dealer invoice price of the exact car that you are interested in by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Also, make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Cadillac CTS: Prices Paid & Buying Experience".
I noticed that you are considering making a $3,500 down payment on your CTS. I personally always advise consumers against making large down payments when leasing. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
Prices Paid Forum