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Prices Paid: Buying & Leasing Experiences Cadillac CTS Lease Questions
295 messages, Last post on Sep 05, 2008 at 3:07 AM
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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 |
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Replying to: jazz32 (Mar 04, 2008 6:01 am) 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...
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Replying to: prosport35 (Mar 04, 2008 6:27 am) |
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Date 3-3-08 - I have two questions - The first regards the residual percentage on a 2008 Cadillac CTS lease. Is this percentage the same throughout the United States or at least regionally? I am dealing with two dealerships that are about 20 miles apart and one is using 58% and the other 59%. (I realize this changes, but believe it should be the same at both dealers?) Secondly, I am ordering a 2008 CTS to lease with everything on it except the direct injection 304 HP engine (Premium 2, 18” wheels, Red paint, etc.) The lowest price “at invoice” I am getting is $43,392 and the 39 month lease on 15K mileage at $743 (residual 58%). Do these numbers make sense? CLL
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Replying to: saturn9 (Mar 04, 2008 4:53 pm) CLL
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I have a supplier price on a '08 CTS MSRP 42430 for 39370, but they are telling me the same 7.1 buy rate B.S. with about $1700 down. This sounds like a lot of money for a supplier pricing customer. Do I just tell them get it down to 6.1 or I don't want it? I ordered it because they dont have any equipped how I want, but don't want it badly enough to over pay. Not worth it. I've seen factors as low as 5.7 on here. How much affect does this have on the monthly lease payment at 39 MONTHS at 10k miles? Help, I was hoping to make a decision today. Thanks to all. Great info!!!
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Blue tooth kept me from CTS. Dealer will add for around $500 a system which, in fact, gives me a desired second screen. Anyway, instead of (highly discounted to invoice) Infiniti G-35 or (substantially discounted) Lexus GS350, I now lean toward CTS. I can wait, if necessary, to get a better price or capitalized price. How much above invoice can I now get a CTS for?(Do I add in ad fee?) Is there a discount because I'm switching from a BMW 530I? BUY: What is GM interest rate for financing? LEASE: What is GM interest rate, or MF, for leasing CTS for 12,000, 15000 miles? Is there decreased interest rate or MF for multiple security deposits? Many thanks.
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Replying to: jazz32 (Mar 04, 2008 6:01 am)
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Replying to: bill164 (Mar 16, 2008 8:46 am) Wow--a pretty high interest rate -- compared to what I had on my BMW subsidized list. It probably means if I went for a CTS, I would buy it. I can't make up my mind between Infiniti G35, LexusG35, or Cadillac CTS. I know they are different cars. I can afford the most expensive, but I have other things to spend money on, and I'm looking for value. They all seem similarly and have almost the same features. I'm more interested in performance than luxury, but want quality. BMW had awful navigation system, terrible user-unfriendly satellite/radio, making it hard to switch back and forth. All 3 of these cars are better. I can't figure out whether Cadillac CTS and Lexus G35 are worth the extra money. They all are a little tight in the trunk space. I was pleasantly surprised at the G35's immediate response to my voice for navigation system. I have not yet really looked that closely at Lexus LS350 or Cadillac CTS. The latter is a bit ostentatious for me. Nor have I looked into 3 year maintenance for all 3 (BMW was free). My preference is leasing (based on my past Audi, Lincoln, BMS leasing subsidies), but if I really like the car and the only feasible option is purchase, then I might have to do that. With these lease rates, the Cadillac is only viable with a deep discount (probably not in the cards) and/or a very high residual. |
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Still must decide between three DIFFERENT 2008 cars -- all that I like Lexus GS350, Cadillac CTS (with blue tooth added, giving me separate screen), or Infiniti G35. Then, must decide whether to buy or lease. Incidentally, Lexus has best mileage, but Cadillac uses regular gas. I currently have BMW 530i expiring lease which, with Edmunds help, I had leased for net MF, and much less, with multiple security deposits. Anyway, for GS350, G35, and CTS, could you please provide: (1) Target deal relative to invoice+destination (and any rebate) (2) If buy, available finance rates (3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually Any better MF or interest rate for multiple security deposits? Thank you for this information. I'll also put on other forums, in case you guys see that first. Thank you!
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