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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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#240 of 284 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 284 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 284 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 284 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 284 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 284 I forgot to mention by bullocmt Feb 26, 2008 (1:16 am)
Its 15k a year(miles)
#247 of 284 Lease Rates by jazz32 Mar 04, 2008 (6:01 am)
Can anyone tell me whether the GMAC base lease rate is regionalized. I have read on numerous posts that the base rate is 6.1, but all dealers in NE Ohio is quoting 7.1. Is there other factors that dictate what base rate dealers are allowed to use. I tried to get this info from Cadilac (see below) but they gave me an answer that leads me to believe that dealers can use whatever rate they deem appropriate for the market.   Thank you for contacting Cadillac and for your interest in the 2008 CTS! We appreciate the time you have taken to write us.   Lease incentives and resulting monthly payment amounts take many things into account which are not properly explainable over via email or over the phone. The MSRP of the vehicle, length of lease, capitalized cost reduction, residual value, interest rate, credit rating, and local market conditions will all effect your monthly lease payment. Due to the complicated nature of lease incentives, your preferred Cadillac dealer is in the best position to discuss this information with you.   So do the way that the car is equipped dictate the lease rate? I was actually ready to purchase a vehicle until I saw the lease rate which I thought was extremely high.   Thanks for your feedback Replies to this message: prosport35 (Mar 04, 2008 6:27 am) jazz32 (Mar 04, 2008 7:27 am) bill164 (Mar 16, 2008 8:46 am) asteinberg (Mar 16, 2008 9:17 am)
#248 of 284 Re: Lease Rates [jazz32] by prosport35 Mar 04, 2008 (6:27 am)
Replying to: jazz32 (Mar 04, 2008 6:01 am) I have been looking as well. Talked to a few dealers and been sitting on this for about 4 weeks. The cheapest rate is 6.1% set by GMAC. You have to use this is going for GMS pricing. If not, some banks may have cheaper rates.   If you do not know any better, and they sell you are 7.1%, I do believe the dealer makes extra money. This even goes for buys. If they say you "qualify" for a certain rate, say 6.9%, there is usually some wiggle room because if they sell it higher they make more. I have seen about a 1-2% markup in rates for this.   You should ask them to see there dealer sheet which shows you this, it is NOT a secret. Today there should be coming out with the next (this) months rates... Replies to this message: jazz32 (Mar 04, 2008 7:27 am)
#249 of 284 Re: Lease Rates [prosport35] by jazz32 Mar 04, 2008 (7:27 am)
Replying to: prosport35 (Mar 04, 2008 6:27 am) Thanks for the info, I do have GMS and I would be more than happy with the 6.1 rate but I refuse to accept any deal at 7.1. I believe the popularity of the car has got some dealers a little exuberant and of the belief whatever they throw out people will accept. As much as I like the car, I don't like it enough to pay more than I thank is fair. What I explained to one dealer is that with such a high rate they put themselves pretty close to MB which I currently drive and who's being pretty aggressive with their negotiations.

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