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Cadillac CTS Lease Questions

945 messages,  Last post on May 12, 2013 at 10:58 AM

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

    

Messages Page 3 of 95

#19 of 945 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
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#20 of 945 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
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#21 of 945 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?

#22 of 945 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
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#23 of 945 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

#24 of 945 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
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#25 of 945 Thank you for the info Car_Man by yank_fan

Apr 20, 2006 (5:13 am)

Car_man - Thanks for the advice. yank_fan

#26 of 945 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!

#27 of 945 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.

#28 of 945 Re: 2006 CTS 2.8L Money Factors and Residual [Car_man] by mgro

May 02, 2006 (8:51 pm)

Replying to: Car_man (Apr 02, 2006 10:41 am)
Hello:
 
does anyone know if the 3.95% rate and 51% residual offer is still valid in May and if so when it is scheduled to expire. Also, is there any lease cash available on the 2.8L CTS. Thanks

Messages Page 3 of 95

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