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Cadillac CTS Lease Questions

372 messages, Last post on Dec 04, 2009 at 3:48 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi car_man, I know your busy but might you be able to supply me with the April Residuals and money factors for the Caddy CTS?? I know they use an interest rate not a money factor. For some reason this seems like a hard thing to find even checked leasecompare website. I am looking at 24 & 36 month Craig
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I'm looking at leasing a CTS Direct injection but finding lease numbers on this car seems impossible. Assuming the money factor is 6.1% Does anyone no the residuals for 24 months with 15K miles? Thanks!! |
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Replying to: spike1282 (Apr 07, 2008 2:07 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: ct1211 (Apr 25, 2008 12:48 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 06, 2008 2:23 am) Was one of these posts a typo? Was the earlier post written based on the April program before the May program came out? Are both correct? Also another question, if you could : I hate how GMAC quotes lease rates in interest rate instead of money factor. 6.1% equates to 0.00254, right? The further 1% that the dealership is allowed to mark that up equates to 0.00042? Alternately, could you provide me with a formula for calculating a lease using % rather than MF? |
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May CTS residuals are 24m=69 , 30m=64 , 36m=59 , 48m=50. Money Factor is 6.1% or .002984. I dont have the formula to use a percentage but take the percentage and divide it by 2044 to get the money factor.
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Replying to: cadillacmanaz (May 17, 2008 2:50 pm) multiply by 2400 to get the MF
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Replying to: gforce11 (May 23, 2008 1:22 pm) Multiply the MF by 2400 to get the % Divide the % by 2400 to get the MF regards, kyfdx
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Replying to: kyfdx (May 23, 2008 5:06 pm) |
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Replying to: Car_man (May 06, 2008 2:23 am) I am working under the assumption that the residual for a 24 month/15k mile lease is 69% with an interest rate of 6.1% (MF 0.00254). The MSRP of the car is $50,285 My GMS (thank you Mom and Dad) price is $44,259.23 My tax rate is 5.5% The dealer is quoting me $700 per month with tax and my calculations have me at $631.90. I could be missing a fee or two, but not by that much. Am I screwed up? Any help would be appreciated
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