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Prices Paid: Buying & Leasing Experiences Cadillac CTS Lease Questions
284 messages, Last post on Jul 02, 2008 at 6:06 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: leslie12 (Nov 20, 2007 3:26 pm) Thanks - Damon |
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Replying to: leslie12 (Nov 19, 2007 8:14 pm) |
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Car Man, I was quoted 530/month on a 39 month lease with 10k miles a year on a CTS with an MSRP of 42,380. This figure included 7% sales tax. The first number we were given was 697, and 50/month was taken off a few times to get the price to 530. The salesman was vague about how he reached this number and didn't explain what rebates were being used towards this deal. We qualify for the Luxury Conquest of $1000 and received a $2000 coupon from GM that could be used to pay remaining lease payments or apply towards the new car.at first the salesman told us the offers could be combined, but came back and said they couldn't. We are definitely getting the run around considering someone on this board just got a near identical car from the same dealer for 484. What is a fair lease price for this car and what is the residual and MF?Thanks!!
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Replying to: christina271 (Nov 22, 2007 3:18 pm) From what I can gather, the current interest rate is 5.7%. Residual for 39 mth, 10k miles is about 61-62%. for 15k miles, subtract another 3% residual. use the MSRP, your sales price and your sales tax and use online lease calcs to get estimate to use as ammunition at the dealer. http://www.leaseguide.com/calc.htm I went in as a GM employee family member, so my price is fixed and very good...they proceeded to offer a 6.7% interest lease and added $600 acq fee to the cap cost. He didnt even blink when I said the interest was high. We walked as the car wasnt even at the dealership yet, but it would have been fun to haggle...I think i would have asked to walk straight into the finance manager office. Good luck. |
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Can someone post the latest residuals for 24, 30, 36, and 39 months at 12K and 15K miles? I am about to see delivery of my new CTS and would like to be fully prepared. Thanks in advance.
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Replying to: soflkurtz (Nov 25, 2007 6:31 am) Sorry it took me so long from the holidays and all. BTW, from reading this board, I do not think I got the "best" deal, however, I really do not understand all of it anyway. MSRP: 42705 GROSS CAP. COST: 38862.82 CAPITALIZED COST REDUCTION: $600. (initial cash payment) TOTAL CAPITALIZED COST: $39534.15 ADJUSTED CAP COST/RESIDUAL VALUE: $26904.15 This is for a 39 month lease at 10,000 miles per year. (Hope this is what you wanted)
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Replying to: leslie12 (Nov 25, 2007 2:19 pm) |
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Just wanted to share the leasing deal I got this weekend. Any comments welcome. 36 months/$10k miles = $585/mo. Out-of-Pocket includes 1st month + DMV fees only (No Money Down, No Trade-In) CTS 3.6L DI Black on Black Premium Luxury Package 18" All Season Tire Performance Package 18" Polished Aluminum Wheels AWD Transmission Spare Tire Total Options MSRP = $13,200 MSRP = $34,545 Destination Charge = $745 Total Vehicle MSRP = $48,490 Taxes (8.25%) are capitalized into Lease |
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Replying to: bmwnewbie530i (Nov 26, 2007 9:37 am) Have you negotiated with any other dealer? I do know many people google "lease calculator" and plug in their numbers to see if it is a good deal. BTW, did they give you an interest rate that they were calculating your lease on? Mine was 5.75, I believe. I can tell you that I drove my car for about four hours this weekend and absolutely loved it! The navigation is so much more improved than my 05 CTS, and the XM radio, (which I also had in my '05) makes the ride soooo much more pleasurable. I sang all the way down the highway! (BTW, you do know that you can pause and replay a song that you are listening to if you want to don't you?! So much fun. I guess that is how I would describe the car......SO MUCH FUN! Good luck! |
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Replying to: bmwnewbie530i (Nov 26, 2007 9:37 am) Taking the lease calcs as I know them today at 62% residual for 10k, 3 years and 0.00238 money factor and assuming a $600 ACQ fee rolled into the lease, your vehicle price was approx $42600...almost $6000 off MSRP or 12%. As a note of reference, the above deal at MSRP would net a lease payment of $776.
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