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Cadillac CTS Lease Questions

372 messages,  Last post on Dec 04, 2009 at 3:48 AM

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

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#227 of 372 Re: Residualize Dealer Installed Options [ronaldc] by bmwnewbie530i Jan 03, 2008 (10:05 am)
Replying to: ronaldc (Jan 02, 2008 7:49 pm) Thanks, it was $22 a month + tax and financing costs on a 36 month lease.
#228 of 372 Re: 2008 CTS residual values as of 12/26 [clubmanager1] by Car_man HOST Jan 14, 2008 (2:43 am)
Replying to: clubmanager1 (Dec 26, 2007 4:19 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 9:24 pm) Car_man (Feb 15, 2008 3:08 am)
#229 of 372 Residual value/Lease factor? by bmw3434 Jan 25, 2008 (9:24 pm)
Replying to: Car_man (Jan 14, 2008 2:43 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 3:08 am)
#230 of 372 Lease Calculation by lsleelee Jan 29, 2008 (6:37 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?
#231 of 372 Trying to find out Invoice on the Cadillac AWD by nacho2 Feb 08, 2008 (3:05 pm)
Hello Carman, this is what I have so far MSRP of $38,140,car has CTS standard package,ultra view sunroof,,all wheel drive, and automatic transmission. I believe that the invoice for the car is $35,200 am I correct?Dealer is selling the car for $36,500. 39 months,12k payment of $533.65 with down payment of $550 sec deposit,bank fee of $695, then tire fee,dmv dee,doc fee of $45. i am in upstate New York Replies to this message: nacho2 (Feb 11, 2008 11:34 am) Car_man (Feb 15, 2008 3:14 am) nacho2 (Feb 16, 2008 12:11 pm) and 7 more... Car_man (Feb 15, 2008 3:12 am)
#232 of 372 Re: Trying to find out Invoice on the Cadillac AWD [nacho2] by nacho2 Feb 11, 2008 (11:34 am)
Replying to: nacho2 (Feb 08, 2008 3:05 pm) Hello, This is what I have been offered with GM employee pricing for an awd Cadillac CTS with MSRP $38140, and invoice of $35254,residual 61%,Money Factor .00254. with a selling price of $34,281.23 and down payment $650.50, I am at a 39months/12k lease with a payment of $483 including tax in upstate NY. I was told that my net cap cost is $35,718.04 with tax minus any rebates. Seems high? Replies to this message: Car_man (Feb 15, 2008 3:14 am) nacho2 (Feb 16, 2008 12:11 pm) nacho2 (Mar 24, 2008 6:35 pm) and 6 more...
#233 of 372 Re: Residual value/Lease factor? [bmw3434] by Car_man HOST Feb 15, 2008 (3:08 am)
Replying to: bmw3434 (Jan 25, 2008 9:24 pm) Hello bmw3434. The 6.1% lease rate that you mentioned is correct, but I believe that the 36 month, 10,000 mile per year residual value for a 2008 Cadillac CTS leased through GMAC would be more like 64%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#234 of 372 Re: Trying to find out Invoice on the Cadillac AWD [nacho2] by Car_man HOST Feb 15, 2008 (3:12 am)
Replying to: nacho2 (Feb 08, 2008 3:05 pm) Greetings nacho2. You can look up the exact dealer invoice price of the car that you are interested in by visiting the New Vehicle Pricing section of Edmunds.com. If this car's invoice price is indeed $35,000 and the dealer offered to sell you it for $36,500, it means that you are getting it for $1,500 over invoice. I suspect that you should be able to do better than that if you are in an area that has a decent level of competition. I personally would shoot for something more like $500 to $1,000 over invoice.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#235 of 372 Re: Trying to find out Invoice on the Cadillac AWD [nacho2] by Car_man HOST Feb 15, 2008 (3:14 am)
Replying to: nacho2 (Feb 11, 2008 11:34 am) Ah ha, I see that you were able to get the CTS that you are interested in through General Motors' employee purchase program. This is a good thing because it means that you are going to get a great deal on your car's selling price. The money factor that you were quoted, .00254, is equivalent to an interest rate of around 6.1%. This is right in line with GMAC's current base lease rate for this car. If you like the car, I doubt that you are going to be able to do any better than the GM employee price + GMAC's base lease rate.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: nacho2 (Feb 16, 2008 12:11 pm) nacho2 (Mar 24, 2008 6:35 pm) Car_man (Apr 04, 2008 3:17 am) and 5 more...
#236 of 372 Did I get a fair deal? by cjackson2 Feb 15, 2008 (4:17 am)
OK, nobody go off on me for putting alot down. I know the risks. I just would like to know if I was treated fairly? These are the facts that I know for sure. The window sticker was $39685, I put $4500 down, 39 month lease, 10000 miles/ yr, qualified for friends and family discount, my payment is $397/mo which includes tax. Originally I thought it was a fair deal, but they sure came up with some fuzzy math on my purchase agreement to get to the $397/mo. I would really appreciate any feedback. BTW, the car is awesome!....CJ

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