Last post on Dec 02, 2013 at 12:39 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#210 of 976 Re: New 2008 CTS DI Lease [smithsonga]
Nov 26, 2007 (10:25 am)
I think you are assuming that all the discount comes off the MSRP when in fact the dealer has quite a bit of leeway in terms of adjusting the residual and the money factor/APR quoted by GM. There is dealer incentive built into every component of the lease, not just the vehicle price.
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.
#211 of 976 Re: New 2008 CTS DI Lease [bmwnewbie530i]
Nov 26, 2007 (10:39 am)
As I said from the beginning, I know absolutely NOTHING about this. For me I just looked at the car and decided what I was willing to pay. I found another dealer that was out of my area that gave me a number that was acceptable to me and then the local dealer (where I got my car from before) was willing to do that price. What do I think I should have gotten....probably the same deal with a total payment of $470. per month. I just wanted the car at a price I was willing to pay for it and that was that......There are things that I negotiate well, cars are not one of them! I truly believe that car salesmen are the worst!
#212 of 976 Re: New 2008 CTS DI Lease [bmwnewbie530i]
Nov 28, 2007 (8:06 pm)
yes, i was assuming it was cap cost reduction by the dealer. I have never seen a dealer actually beat the residual or MF listed by the manufacturers...I typically find (and did recently when pricing a CTS at GMS pricing) they mark up these rates. They tried to mark up the interest by 1%.
#213 of 976 Current, December 2007 GMAC lease rates for CTS
Dec 11, 2007 (5:34 am)
Does anyone have the accurate numbers for December? I was quoted 7.1% for GMAC leasing and I actually cannot believe that.
#214 of 976 Re: Current, December 2007 GMAC lease rates for CTS [soflkurtz]
Dec 15, 2007 (8:38 am)
more like 6.1
#215 of 976 Re: Current, December 2007 GMAC lease rates for CTS [slipangle7]
Dec 17, 2007 (10:03 am)
I am so excited!! I am picking up my new CTS is just a few hours. I am getting leasing on the car. I was wondering if you think I got a good deal. I never thought I would get it since my credit score is only 620 but I guess they liked me. I got the standard CTS with an automatic transmission. I didn't get any of the cool stuff but I guess I am just lucky to have such a beautiful car. I put $4000 own and payments are $390 a month. Does this sound about right? Thanks!
#216 of 976 Re: Current, December 2007 GMAC lease rates for CTS [kimknight]
Dec 17, 2007 (10:19 am)
Why would you put down so much money on a lease? You shouldnever put that much money down on a lease. If you wreck the car or it is stolen you never get that money back. If you would of put nothing down your payments would of only went up about 100 bucks. Bad Choice! Bad Deal !
Dec 17, 2007 (1:19 pm)
I'm not sure if this topic was already discussed. Is it possible to combine the $1000 Luxury Conquest offer with the $2000 Pull ahead offer?
#218 of 976 Re: Current, December 2007 GMAC lease rates for CTS [kimknight]
Dec 17, 2007 (7:26 pm)
A bit harsh don't you think discount80? kimknight, congrats on a very sweet ride, those are beautiful cars. Dont know what kinda money factor you got or the residual, but $390 does'nt sound that bad to me.
I always hear people say you shouldnt put money down on a lease. I think normally that is sound wisdom, but not always. It depends on yoru situation. Even if you put that $4000 down on a buy that you financed for 60 months and wrecked it you would'nt get any of your down payment back (at least not within the first few years). It would probably take 2 or 3 years to get any positive equity in the car.
#219 of 976 Residualize Dealer Installed Options
Dec 18, 2007 (10:23 am)
Are there any dealer installed options (i.e., a rear spoiler) that can be residualized into a GMAC lease?
I can't seem to get a straight answer. My dealer says no, but GMAC seems to say yes. However, they won't tell me specifically what dealer options would be considered.
I really want to add a rear spoiler to the '08 CTS, but since I'm leasing and will return the car at the end of the lease with the spoiler, I don't want to pay the full MSRP on the dealer installed option.