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Cadillac CTS Lease Questions

380 messages,  Last post on Mar 16, 2010 at 7:55 AM

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

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#253 of 380 Lease rates by asteinberg Mar 15, 2008 (12:14 pm)
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. Replies to this message: Car_man (Apr 04, 2008 2:34 am)
#254 of 380 Re: Lease Rates [jazz32] by bill164 Mar 16, 2008 (8:46 am)
Replying to: jazz32 (Mar 04, 2008 5:01 am) the gmac lease rate is 6.1 % / dealers can mark this up one point to 7.1 % Replies to this message: asteinberg (Mar 16, 2008 8:17 am)
#255 of 380 Re: Lease Rates [bill164] by asteinberg Mar 16, 2008 (9:17 am)
Replying to: bill164 (Mar 16, 2008 7:46 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 380 need info to buy/lease CTS by asteinberg Mar 21, 2008 (7:18 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. Thank you! Replies to this message: Car_man (Apr 04, 2008 3:15 am)
#257 of 380 ReVehicle arrived,need advice on when to contract my car by nacho2 Mar 24, 2008 (7:35 pm)
Replying to: nacho2 (Feb 16, 2008 12:11 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. Replies to this message: Car_man (Apr 04, 2008 3:17 am) pellepelle_10 (Apr 20, 2008 4:33 pm) ddelise (Apr 20, 2008 4:55 pm) and 3 more...
#258 of 380 Re: CTS Lease - Residusal % and quote [saturn9] by Car_man HOST Apr 04, 2008 (2:39 am)
Replying to: saturn9 (Mar 04, 2008 3:53 pm) 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.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#259 of 380 Re: CTS Lease - Residusal % and quote [saturn9] by Car_man HOST Apr 04, 2008 (2:49 am)
Replying to: saturn9 (Mar 04, 2008 4:52 pm) 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.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#260 of 380 Re: '08 CTS LEASE HELP [tmasjr] by Car_man HOST Apr 04, 2008 (3:17 am)
Replying to: tmasjr (Mar 14, 2008 1:39 pm) Hi tmasjr. If I was in the market for a CTS I absolutely would tell the dealer that I was going to walk away from the deal if they don't use the base lease rate. There are tons of GM dealers out there. You shouldn't have much trouble finding one that is willing to let you use the supplier purchase program and the 6.1% rate, especially given how slow auto sales have been lately.   Let's see what the difference in lease payment would be between the jacked up 7.1% rate and the base 6.1% rate. According to my calculations, if you were to lease a 2008 Cadillac CTS that has an MSRP of $42,430 and a selling price of $39,370 through GMAC right now for 39 months with 10,000 miles per year using the 6.1% rate, your zero down, pre-tax monthly payment should be around $493. Using the 7.1% rate the payment for an otherwise identical lease rises to around $520. So the higher rate is costing you approximately $27 per month.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: tmasjr (Apr 07, 2008 8:00 pm)
#261 of 380 Re: Lease rates [asteinberg] by Car_man HOST Apr 04, 2008 (3:34 am)
Replying to: asteinberg (Mar 15, 2008 11:14 am) Hi asteinberg. Given the current depressed state of the auto industry in the U.S. right now, if I was in the market for a Cadillac CTS in an area that has a decent level of competition I personally would shoot for a selling price of around $500 over dealer invoice. GM introduced a new loyalty cash incentive on the CTS for current owners of GM vehicles this month, but I am not aware of any conquest cash offers on it right now. GM has offered this sort of incentive on the CTS in the past, so make sure to check with your dealer to find out if there is one.   If you choose to finance your car through GMAC, you can do so at 1.9% for 3 years, 2.9% for 4 years, 3.9% for 5 years, or 4.9% for 6 years. If you decide to lease, you will have to use GMAC's base lease rate of 6.1%. I do not believe that GMAC offers a multiple security deposit program like a number of the European manufacturers do.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#262 of 380 Re: need info to buy/lease CTS [asteinberg] by Car_man HOST Apr 04, 2008 (4:15 am)
Replying to: asteinberg (Mar 21, 2008 6:18 am) Hi asteinberg. Please see my previous post for answers to your questions. Thanks and good luck in your quest for a new car.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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