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Cadillac CTS Lease Questions

284 messages,  Last post on Jul 02, 2008 at 6:06 AM

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

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#221 of 284 Low Price Lease Ad by zeen Dec 27, 2007 (4:13 pm)
A dealer in the Philly area advertises a CTS with an MSRP of $34,290 for a lease of $339 per month before tax for 39 months with $1995 cap reduction and bank fee (presumably $600 or so). Does this sound like a bait and switch? I really only want the base car with auto so this seems to be on target for me. THanks Replies to this message: flightnurse (Dec 27, 2007 5:22 pm) zeen (Dec 28, 2007 5:22 pm)
#222 of 284 Re: Low Price Lease Ad [zeen] by flightnurse Dec 27, 2007 (5:22 pm)
Replying to: zeen (Dec 27, 2007 4:13 pm) If you want a base car then it sounds like a good deal, BUT, Im sure they only have one of them on the lot, also watch out for the mileage, I'm beating that its a 10K/yr for that car. Replies to this message: zeen (Dec 28, 2007 5:22 pm)
#223 of 284 Re: Low Price Lease Ad [flightnurse] by zeen Dec 28, 2007 (5:22 pm)
Replying to: flightnurse (Dec 27, 2007 5:22 pm) Thanks for the advice. It is 10k/yr but that works for me.
#224 of 284 Re: 2008 CTS residual values as of 12/26 [clubmanager1] by clubmanager1 Dec 31, 2007 (10:24 am)
Replying to: clubmanager1 (Dec 26, 2007 5:19 pm) found out the buy rate is 6.10 or 6.15, one of the two.
#225 of 284 Re: Residualize Dealer Installed Options [bmwnewbie530i] by bmwnewbie530i Jan 01, 2008 (6:31 pm)
Replying to: bmwnewbie530i (Dec 18, 2007 11:23 am) I didn't receive any replies to this question when originally posted, so I thought I would post it again. Replies to this message: ronaldc (Jan 02, 2008 8:49 pm) bmwnewbie530i (Jan 03, 2008 11:05 am)
#226 of 284 Re: Residualize Dealer Installed Options [bmwnewbie530i] by ronaldc Jan 02, 2008 (8:49 pm)
Replying to: bmwnewbie530i (Jan 01, 2008 6:31 pm) I have leased a number of autos in the past 20 years. Some were from GMAC. It has been my experience that dealer installed options are not residualized. If you truly want a spoiler, even at full price, it should not cost much more than $20 per month on a 39 month lease. Replies to this message: bmwnewbie530i (Jan 03, 2008 11:05 am)
#227 of 284 Re: Residualize Dealer Installed Options [ronaldc] by bmwnewbie530i Jan 03, 2008 (11:05 am)
Replying to: ronaldc (Jan 02, 2008 8:49 pm) Thanks, it was $22 a month + tax and financing costs on a 36 month lease.
#228 of 284 Re: 2008 CTS residual values as of 12/26 [clubmanager1] by Car_man HOST Jan 14, 2008 (3:43 am)
Replying to: clubmanager1 (Dec 26, 2007 5:19 pm) Hi clubmanager1. I believe that what you were told is correct, the $500 dealer cash that is available on the 2008 Cadillac CTS right now is not compatible with its special lease program. However, the lease rate that you were quoted is too high. GMAC's current base lease rate for the 2008 Cadillac CTS is 6.1%. Make sure that this is the rate that the dealer you are working with uses to calculate your monthly payment. The acquisition fee that you were quoted is high as well. The last time I checked, GMAC's base acquisition fee was only $595.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: bmw3434 (Jan 25, 2008 10:24 pm) Car_man (Feb 15, 2008 4:08 am)
#229 of 284 Residual value/Lease factor? by bmw3434 Jan 25, 2008 (10:24 pm)
Replying to: Car_man (Jan 14, 2008 3:43 am) From what I have seen, the 2008 Cadillac CTS has a 63% residual for 10K miles and a buy rate of 6.1% for 39 months. Is this correct??? Local ads saying lease a new one for $369 per month plus tax with 3169 due at signing. Of course, this is plus plus plus. Just wanted to make sure I had the right info. Thanks in advance!!! Replies to this message: Car_man (Feb 15, 2008 4:08 am)
#230 of 284 Lease Calculation by lsleelee Jan 29, 2008 (7:37 am)
I'm a little off-put by GMAC's use of percentages instead of money factors. I know you can divide the percentage by 2400 to get an approximate money factor, but still...   Does anybody know of a lease calculation formula that uses the %, rather than money factor?

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