- #257 of 371
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ReVehicle arrived,need advice on when to contract my car
by nacho2
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Mar 24, 2008 (6:35 pm)
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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.
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- #258 of 371
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Re: CTS Lease - Residusal % and quote [saturn9]
by Car_man HOST
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Apr 04, 2008 (1:39 am)
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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
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- #259 of 371
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Re: CTS Lease - Residusal % and quote [saturn9]
by Car_man HOST
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Apr 04, 2008 (1:49 am)
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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
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- #260 of 371
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Re: '08 CTS LEASE HELP [tmasjr]
by Car_man HOST
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Apr 04, 2008 (2:17 am)
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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
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- #261 of 371
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Re: Lease rates [asteinberg]
by Car_man HOST
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Apr 04, 2008 (2:34 am)
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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
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- #262 of 371
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Re: need info to buy/lease CTS [asteinberg]
by Car_man HOST
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Apr 04, 2008 (3:15 am)
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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
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- #263 of 371
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Re: ReVehicle arrived,need advice on when to contract my car [nacho2]
by Car_man HOST
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Apr 04, 2008 (3:17 am)
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Replying to: nacho2 (Mar 24, 2008 6:35 pm)
Hi nacho2. GMAC's April lease program for the Cadillac CTS is exactly the same as its March program was. The only new incentive that General Motors introduced on the 2008 Cadillac CTS is an owner loyalty offer that provides $1,000 on purchases and $500 on leases of this car to current owners and lessees of GM vehicles.
Car_man
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- #264 of 371
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Residuals
by spike1282
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Apr 07, 2008 (2:07 pm)
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Car_man,
Can you post current residual values for the CTS? I am interested in a 27, 26, and 39 month lease terms at 10k miles a year. I searched through past threads and could not find this information.
Thanks!
-Spike
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- #265 of 371
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Re: '08 CTS LEASE HELP [Car_man]
by tmasjr
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Apr 07, 2008 (8:00 pm)
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Replying to: Car_man (Apr 04, 2008 2:17 am)
If they want $1500 for first month and plates, fees, etc.
Is this still a good deal?
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- #266 of 371
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Re: ReVehicle arrived,need advice on when to contract my car [Car_man]
by pellepelle_10
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Apr 20, 2008 (4:33 pm)
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Replying to: Car_man (Apr 04, 2008 3:17 am)
Car_man..are you sure because I've noticed that the Invoice cost of the Cadillac CTS has jumped up $500. The previous deal was a base price on the base end model CTS at $33,490 and this month the base price has jumped up to $33,990. When I was about to purchase my vehicle the dealer quoted me the lower price and when he tried to order the car he stated that the pricing has changed for some wierd reason. I'm wondering if this lease offer is due to the change in pricing of the car. If you have any links on the GM owner loyalty offer I'd greatly appreciate it.
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