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Prices Paid: Buying & Leasing Experiences Cadillac CTS Lease Questions
372 messages, Last post on Dec 04, 2009 at 3:48 AM
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Replying to: soflkurtz (Nov 25, 2007 5:31 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 1:19 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 8:37 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 8:37 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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Replying to: smithsonga (Nov 26, 2007 9:55 am) I did receive a supposed $1,000 rebate/incentive under Cadillac's Conquest program for current owners of a luxury vehicle (MB, BMW, Audi, Lexus) that are converting to Cadillac owners.
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Replying to: bmwnewbie530i (Nov 26, 2007 10:25 am) |
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Replying to: bmwnewbie530i (Nov 26, 2007 10:25 am) |
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| Does anyone have the accurate numbers for December? I was quoted 7.1% for GMAC leasing and I actually cannot believe that. | |
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Replying to: soflkurtz (Dec 11, 2007 5:34 am)
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