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Cadillac CTS Lease Questions

284 messages,  Last post on Jul 02, 2008 at 6:06 AM

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

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#18 of 284 2006 CTS 2.8L Money Factors and Residual by dolsey01 Mar 23, 2006 (8:23 am)
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!!! Replies to this message: Car_man (Apr 02, 2006 10:41 am) mgro (May 02, 2006 8:51 pm) Car_man (May 18, 2006 3:28 am)
#19 of 284 Re: cts lease [gritter] by Car_man HOST Apr 02, 2006 (10:39 am)
Replying to: gritter (Mar 22, 2006 7:00 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.   Car_man Host Smart Shopper / Prices Paid Forums
#20 of 284 Re: 2006 CTS 2.8L Money Factors and Residual [dolsey01] by Car_man HOST Apr 02, 2006 (10:41 am)
Replying to: dolsey01 (Mar 23, 2006 8:23 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.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: mgro (May 02, 2006 8:51 pm) Car_man (May 18, 2006 3:28 am)
#21 of 284 2006 CTS 2.8L, How are they getting to 299/month by sandbox Apr 03, 2006 (9:19 pm)
I was offered: CTS 2.8L MSRP $31,190 Sale Price $28,500 $2000.00 Down Lease Rate: 4.95% Residual 53% 10,000 Miles/36 month Monthly Payment comes out to be $435 and change.   I know the lease rate's kind of high. Is the sale price high? How are people getting to $299/Month? Are my numbers really off? Replies to this message: Car_man (Apr 06, 2006 3:50 am) rtimm (Jun 03, 2006 6:03 pm) Car_man (Jun 08, 2006 4:22 am) chiefrjw (Jun 08, 2006 8:37 am)
#22 of 284 Re: 2006 CTS 2.8L, How are they getting to 299/month [sandbox] by Car_man HOST Apr 06, 2006 (3:50 am)
Replying to: sandbox (Apr 03, 2006 9:19 pm) Hi sandbox. It is difficult for me to say exactly how much over invoice this car's selling price is, but making an educated guess I'd say that you are at around $1,000 over invoice or so once the $1,800 lease cash that GM is providing on this car right now is taken into account. If you are in an area where there is a decent level of competition for your business, you may be able to beat this price by a few hundred dollars.   Let's use GM's current lease program to estimate what this car's lease payment should be. According to my calculations, if you were to lease a 2006 Cadillac CTS 2.8 with an MSRP of $31,190 and a selling price of $28,500 through GMAC right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $360 or so. The payment that you were quoted looks a little high to me. Make sure that the dealer you are working with is taking the $1,800 lease cash into account and is using GMAC's current base lease rate of 3.95% to calculate your car's lease payment.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: rtimm (Jun 03, 2006 6:03 pm) Car_man (Jun 08, 2006 4:22 am)
#23 of 284 Deal in works on 2006 CTS by yank_fan Apr 11, 2006 (6:12 am)
I am working on the following lease deal 2006 CTS, 3.6L, White Diamond, Sunroof   MSRP - $36,085 Invoice - $$34,052 Supplier Price $33,952 Rebate - $2,000 My Price - $31,952 I am looking at putting $3,000 down / Payments $386 per month plus tax. Car Man or any out there, what is your take on this deal? Thanks Replies to this message: Car_man (Apr 20, 2006 3:55 am) jedjrcpa (Apr 27, 2006 12:53 pm)
#24 of 284 Re: Deal in works on 2006 CTS [yank_fan] by Car_man HOST Apr 20, 2006 (3:55 am)
Replying to: yank_fan (Apr 11, 2006 6:12 am) Hi yank_fan. The fact that you are able to get this car through GM's Supplier Purchase Program means that you are getting a good deal on its selling price. The only thing that I would change about this deal is the down payment that you are considering making. 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 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 $3,000 down, or had made absolutely no down payment at all.   For a point of reference, I'll work up a zero down lease payment on this car for you. According to my calculations, if you were to lease a 2006 Cadillac CTS 3.6L with an MSRP of $36,085 and a selling price of $34,052 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $484.   Car_man Host Smart Shopper / Prices Paid Forums
#25 of 284 Thank you for the info Car_Man by yank_fan Apr 20, 2006 (5:13 am)
Car_man - Thanks for the advice. yank_fan Replies to this message: Car_man (May 18, 2006 3:20 am)
#26 of 284 How is this lease? by waltkan Apr 25, 2006 (8:56 am)
Car_man(or anyone), I would really appreciate your input on the following: I'm working on a lease deal for a 2006 CTS. Here are the 2 options they are giving me.   MSRP:33,890 Selling: 30,846 (including $2k rebate) 39 Mo 12k miles Resid: 53% 48 Mo 12k miles Resid: 45% APR: 4.95% Local Tax: 7%   39mo=$491 48mo=$474   I see from previous posts that 3.95% is the GMAC rate. I asked the dealers finance guy about this and he claimed "they get a point" on lease deals. These monthly payments look a little higher than I expected after using the GMAC calculator on their site.   Another question regarding these offers, would I better off going with the 39 or 48? Does it depend on if I plan on purchasing the car at the end of the lease period?   Thanks! Replies to this message: Car_man (May 18, 2006 3:24 am)
#27 of 284 Re: Deal in works on 2006 CTS [yank_fan] by jedjrcpa Apr 27, 2006 (12:53 pm)
Replying to: yank_fan (Apr 11, 2006 6:12 am) Don't know if you have pulled the trigger on this deal yet, however, I do agree with Car Man as far as the down payment. To put it another way, the rule of thumb is for every 1K you put down you will be reducing your lease payment by approximately $30. Based on what Car Man recalculated, your payment would go up $90. What I have done on my last few leases, is put the down payment amount in my checking account and draw against it each month for my car payment.

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