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Cadillac CTS Lease Questions

292 messages,  Last post on Jul 22, 2008 at 7:25 AM

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

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#236 of 292 Did I get a fair deal? by cjackson2 Feb 15, 2008 (5:17 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
#237 of 292 Re: Trying to find out Invoice on the Cadillac AWD [Car_man] by nacho2 Feb 16, 2008 (1:11 pm)
Replying to: Car_man (Feb 15, 2008 4:14 am) Carman, thank you for your help., I ordered the car and should arrive in 4 weeks. right now I am at $461.68 including tax on a 12k lease for 39 months with a drive off of only$554. The rep told me that the car will be here in March which is only good news because the Money factor could only get better and I will have a lower monthly payment than what I have now. Once again thank you for your help. Replies to this message: nacho2 (Mar 24, 2008 7:35 pm) Car_man (Apr 04, 2008 4:17 am) pellepelle_10 (Apr 20, 2008 5:33 pm) and 4 more...
#238 of 292 2007 CTS Lease by max1234bd Feb 21, 2008 (10:33 pm)
Hi,   I'm pretty new to buying or leasing cars so these might seem like stupid questions to most of you, but I needed some help. I've been to a few dealers websites and saw some new 2007 CTS for under 29,000. Will they still lease those 2007's and what would I expect to pay a month? I wasn't sure if they were doing any incentives or not and wanted to be a little more informed before going into the dealership.   Thanks.
#239 of 292 formula by mkadams9 Feb 22, 2008 (2:17 pm)
This maybe a stupid question but can somebody point in the direction of how to use these numbers to figure out what a least payment would be? Thanks Replies to this message: ddelise (Feb 22, 2008 4:27 pm)
#240 of 292 Re: formula [mkadams9] by ddelise Feb 22, 2008 (4:27 pm)
Replying to: mkadams9 (Feb 22, 2008 2:17 pm) Here is what to do.   Let's assume MSRP of $35k. Residual Value of 50% = $17.5k. 36 months for lease. 4% Lease Percentage (sometimes, this is called a money factor which in this case is .04/24 = .001667). Sell Price of Car of $33k. $1k rebate. $0 cap cost reduction. $600 lease aquisition. $500 dealer fee.   Capitalized Cost = $33k - $1k + $500 +$600 = $33.1k.   Your Monthly Depreciation = (Cap Cost - Residual )/ Months of Lease ($33.1k-$17.5k)/36 = $433.33   Your Monthly Interest = (Cap Cost + Residual) * Money Factor (($31.1k + $17.5k) * 4%)/24 = $81.00   Total Payment = $433.33 + 81 = $514.33, before taxes.   In this example, I rolled the acquisition fee and dealer fee into the lease payment.   Your startups would be first month payment, any registration, tag, title, and security deposit.   Damon
#241 of 292 CTS Lease Offer on "Courtesy Cars" by volonel Feb 23, 2008 (7:07 pm)
I am looking at leasing a fully-loaded 2008 CTS that was used as a "courtesy car" during the super bowl. The msrp is $46,220; the dealer took off $1,500 as a result of the car's "courtesy" status, leaving a total price of $44,720. The dealer also offered to pay the last three lease payments on my existing CTS lease. The lease offer was $1,660 down payment, plus $719 monthly payments for 39 months (annual mileage of 12K). Fair? Thanks for any thoughts about this. Replies to this message: smithsonga (Feb 23, 2008 8:04 pm) bvdj84 (Feb 24, 2008 8:10 am)
#242 of 292 Re: CTS Lease Offer on "Courtesy Cars" [volonel] by smithsonga Feb 23, 2008 (8:04 pm)
Replying to: volonel (Feb 23, 2008 7:07 pm) No offense, but that doesnt sound like a good deal. Not nearly enough discount and the lease terms must not be very favorable.   $713 for a CTS? You could get into a 5-series BMW for much less.   just my $0.02 tho.
#243 of 292 Re: CTS Lease Offer on "Courtesy Cars" [volonel] by bvdj84 Feb 24, 2008 (8:10 am)
Replying to: volonel (Feb 23, 2008 7:07 pm) You are paying the last 3 payments, they roll that into the next deal, no way a dealer will be out. $719, is way too high. Yes, you can get many other cars for that kind of payment. You probably won't have much room to haggle. Way to high, I would work on it a little bit more, or just work on another CTS all together.
#244 of 292 Good Deal? by bullocmt Feb 25, 2008 (11:21 am)
Here is what I've been offered: MSRP: $35500 L.E.V.: 58% Lease end value: $20590 Lease Term: 39 months Selling Price: $33500 Cash Cap Reduction:$400 Acq Fee:$595 Adjusted Cap cost: $33695 Lease APR: 6.1% Base Monthly Rental:$475.95 Sales Tax: $1337.53 Total Monthly Payment: $509.27 Total UPF annual fee:$142 Total UPF: $143.50 Amount Due at start:$1232.82   How good is this deal and can I do better?
#245 of 292 I forgot to mention by bullocmt Feb 26, 2008 (1:16 am)
Its 15k a year(miles)

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