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Cadillac CTS Lease Questions

370 messages,  Last post on Oct 07, 2009 at 9:15 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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#187 of 370
Re: need opinion asap! I am in NJ [smithsonga] by leslie12
Nov 18, 2007 (5:43 pm)
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Replying to: smithsonga (Nov 18, 2007 5:02 pm)

Now I really feel stupid. I don't remember. I think the msrp was 43or 42k. I know that the $1525. included the first month's payment of 484, registration and plates, destination charge. The mileages is 10,000 a year. The car has voice navigation, satellite, cd and stereo, leather and lumbar seats, awd, moonroof, heated seats, auto start - think it has cts4 on back of it. It is black, so no premium on paint, regular tires. I have no clue about packages or whatever. They first started at $595. Oh, and they paid last month of the lease (which was $450.)
Are there so many things involved? Now again, I feel dumb.
 
I have no plans to buy at end of 39 month lease. I thought this seemed ok. Help!
#188 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. by leslie12
Nov 19, 2007 (10:17 am)
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Replying to: leslie12 (Nov 18, 2007 5:43 pm)

ok,
 
Here is it....I guess I misunderstood or they....? Please advise.
 
MSRP: $42705. Car is RWD, Premium collection w/ navigation.
Down Payment: 600
First month's pay: 484.
NJ tire fee: 7.50
Reg. Title Fee: 354.
Doc. Fee 75.
Total OOP: $1520.50
 
Money Factor: 5.7
 
Now can anybody tell me if I got taken advantage of or not? They wanted me to get car today, put it off till tomorrow.
 
Thanks.
#189 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. [leslie12] by ddelise
Nov 19, 2007 (10:29 am)
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Replying to: leslie12 (Nov 19, 2007 10:17 am)

It sounds like a very good deal. But, to be sure, I need to know the agreed upon selling price, anyrebates/incentives, the aquisition fee, the final capitalized cost, and the residual value (either percent or actual dollar amount). Also, is there a trade-in involved that is knocking some amount off of the capitalized cost?
 
Damon
#190 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. [leslie12] [ddelise] by leslie12
Nov 19, 2007 (10:43 am)
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Replying to: ddelise (Nov 19, 2007 10:29 am)

Don't know about agreed upon selling price, or any of the other things. There is no trade involved.
#191 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. [leslie12] [dde by ddelise
Nov 19, 2007 (10:47 am)
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Replying to: leslie12 (Nov 19, 2007 10:43 am)

Well - I can make an educated guess on the sell price, rebate, acquisition fee, and residual to make the calculations, but it will only be that, an educated guess.
 
However, (and don't take this the wrong way) - if I were you I would call the salesperson and get that information. To me, it is important to know how much I am buying the car for, for instance.
#192 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. [leslie12] [dde [ddelise] by leslie12
Nov 19, 2007 (10:57 am)
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Replying to: ddelise (Nov 19, 2007 10:47 am)

I would like your educated guess. When I called today to say I would get vehicle tomorrow (wanted me to pick up car today),the sales person was NOT happy - kind of took a take it or leave it attitude.
 
Educated guess would be appreciated.
#193 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. [leslie12] [dde by ddelise
Nov 19, 2007 (10:59 am)
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Replying to: leslie12 (Nov 19, 2007 10:43 am)

Ok - here are my calculations/estimates. Looks like you have a fair deal overall.
 
I've test driven the car - it's awesome - so enjoy!
 
Residual 62.00% Estimate
Months 39
Interest Rate 5.70%

MSRP $42,705
DISCOUNT $2,900 Estimate - this is just about paying invoice price.
REBATE $1,000 Estimate
CAPITALIZED COST REDUCTION $600
ACQUISITION FEE $600 Estimate
CAPITALIZED COST $38,805
RESIDUAL $26,477

MONTHLY DEPRECIATION $316
MONTHLY INTEREST $155
PAYMENT $471
NJ TAX 6% $28.27
TOTAL PAYMENT $499.41
 
Damon
#194 of 370
Re: need opinion asap! I am in NJ [leslie12] Have all info. [leslie12] [dde [ddelise] by leslie12
Nov 19, 2007 (11:23 am)
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Replying to: ddelise (Nov 19, 2007 10:59 am)

Thanks for getting back to me. I was beginning to think that I might have gotten royally taken advantage of.
 
I guess the biggest disappointment for me was that I originally thought that I was getting AWD, and only to find out that it was RWD. But when I brought that up I got a comment that it would cost me more. It is amazing how sales people can turn on the charm when they want and be so abrupt when they think they have you!
 
The payment that I will be paying is $484. with tax included btw.
 
If you think it is a fair deal then I guess I will go ahead. I think that there are very few deals of the century so to speak!
 
Thanks again for your help!
#195 of 370
Help with lease payments PLEASE !!!! by discount80
Nov 19, 2007 (3:31 pm)
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How do I figure out what my payments would be? Im lookin at the CTs with a MSRP of 38,000 and I have an audi a6 lease that I owe 11 payments of 696.00 . Anyone know of how to do this? Thanks for the help.
#196 of 370
Re: need opinion asap! I am in NJ [leslie12] by christina271
Nov 19, 2007 (5:10 pm)
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Replying to: leslie12 (Nov 18, 2007 1:26 pm)

what dealer in NJ are you using?

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