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Prices Paid: Buying & Leasing Experiences 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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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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Can you get a CTS lease with zero down?
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Replying to: pokeyrai (Jun 22, 2008 5:13 am) If you do $0 at signing, your lease payment will be $700. ZERO down is not the same thing as ZERO drive-off. |
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Replying to: gregcts (Jun 23, 2008 7:06 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: pokeyrai (Jun 22, 2008 5:13 am) Zero cap cost dollars down (rolled the $595 acquisition fee in) Paid the usual upfronts of 1st month and TT&L With tax (5.5%), I am paing $665 on a 24mth/15K mile lease MSRP $50,285 Love my new CTS!!
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