Last post on Dec 11, 2013 at 5:46 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#250 of 979 CTS Lease - Residusal % and quote
Mar 04, 2008 (3:53 pm)
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?
#251 of 979 Re: CTS Lease - Residusal % and quote [saturn9]
Mar 04, 2008 (4:52 pm)
Date 3-408 - 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% and APR 7.10. Do these numbers make sense?
#252 of 979 '08 CTS LEASE HELP
Mar 14, 2008 (1:39 pm)
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!!!
Mar 15, 2008 (11:14 am)
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?
#254 of 979 Re: Lease Rates [jazz32]
Mar 16, 2008 (7:46 am)
the gmac lease rate is 6.1 % / dealers can mark this up one point to 7.1 %
#255 of 979 Re: Lease Rates [bill164]
Mar 16, 2008 (8:17 am)
Thanks for the information.
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.
#256 of 979 need info to buy/lease CTS
Mar 21, 2008 (6:18 am)
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.
#257 of 979 ReVehicle arrived,need advice on when to contract my car
Mar 24, 2008 (6:35 pm)
The rep from Cadillac called me and told me that my car has arrived. My question is do you thing that the lease rates will drop in April? Do you think it is worth waiting till April to contract my new car. Because if I go this Saturday-March 29th to contract the car my lease rate is 6.1%, is it worth it? Thanks in advance.
#258 of 979 Re: CTS Lease - Residusal % and quote [saturn9]
Apr 04, 2008 (1:39 am)
Hi saturn9. General Motors' lease rate and residual value for the 2008 Cadillac CTS are the same across the country. If two dealerships that are 20 miles apart are quoting you different residual values for identical leases, then one is wrong. I can't calculate a sample lease payment on the car that you are interested in without knowing both its selling price and full MSRP, but I can tell you that if you are getting your car at dealer invoice then you are getting a very good deal. I don't know if you are a current GM owner or lessee, but if you are you are in luck because GM just introduced a $500 loyalty incentive on 2008 CTS leases.
Prices Paid: Buying & Leasing Experiences Forum
#259 of 979 Re: CTS Lease - Residusal % and quote [saturn9]
Apr 04, 2008 (1:49 am)
Hi again saturn9. I see that you mentioned that you are being charged a lease rate of 7.1% on the Cadillac CTS that you want to lease. GMAC's current base rate for this car is only 6.1%. The dealer that you are working with may be trying to mark your car's rate up to add additional profit to your deal. Have sure that they use the 6.1% rate to calculate your monthly payment.
Prices Paid: Buying & Leasing Experiences Forum