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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

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


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#283 of 372
Re: Zero down [gregcts] by Car_man HOST
Jul 02, 2008 (1:22 am)
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Replying to: gregcts (Jun 23, 2008 7:06 pm)

Hi gregcts. One can lease basically any vehicle that they want without making any sort of down payment aka capitalized cost reduction. Having said this, even with a zero down lease consumers still have to pay their vehicle's first month's payment, security deposit, and GMAC's $595 acquisition fee at signing. Most of these fees can be rolled into the vehicle's capitalized cost rather than paid at signing, making them part of the monthly payment if the lessee wants.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#284 of 372
Re: Car_man I'm looking for residuals on CTS ... [pokeyrai] by pokeyrai
Jul 02, 2008 (5:06 am)
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Replying to: pokeyrai (Jun 22, 2008 5:13 am)

Here is what I finally was able to get from the dealer:
 
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!!
#285 of 372
Re: Car_man I'm looking for residuals on CTS ... [pokeyrai] by Car_man HOST
Jul 07, 2008 (1:33 am)
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Replying to: pokeyrai (Jul 02, 2008 5:06 am)

Congratulations on getting your new CTS, pokeyrai. Thanks for taking the time to share the details of your lease with everyone. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#286 of 372
Re: Car_man I'm looking for residuals on CTS ... [Car_man] by pokeyrai
Jul 09, 2008 (5:11 am)
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Replying to: Car_man (Jul 07, 2008 1:33 am)

Thanks, will do.
#288 of 372
Re: reply to post 275 [kyfdx] by nijhscc
Jul 18, 2008 (7:54 am)
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Replying to: kyfdx (May 23, 2008 5:06 pm)

I wonder if you could give me a quick primer on the math, terminology - I am tryinig to make a decision between leasing or purchasing.
1. How is Residual Value calculated ? what does it include ?
2. What is MF ? lease rate ?
3. Tax rate ?
 
I am considering an option from the following scenarios, from the information the dealer has given me :
 
Facts :
2009 CTS : MSRP 51850; GMS 45878
                  
Residual value = 32596
Lease 24 mths/12K per yr : $ 798/mth; Onetime payment of $ 18400
 
Purchase : 4.9% for 36 mths ( $ 1439/mth)
 
Basically, I am trying to determine the net cost to me if I Lease first, and then Buy this car, if I decide to keep it, VS buying it up front and taking a chance that it is the one I want to keep for a longer period of time.
 
Your assistance and advice is greatly appreciated.
#289 of 372
Re: reply to post 275 [nijhscc] by sryn
Jul 20, 2008 (6:25 am)
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Replying to: nijhscc (Jul 18, 2008 7:54 am)

I'll defer to Car man and GForce, but that residual seems awfully low for a 24 month/ 12K per year lease. Based on the MSRP you list (no pun intended), the residual value is 63%. If I understand GForce's immediately preceding post, it seems the residual should be more in the neighborhood of 71%.
#290 of 372
Re: Car_man I'm looking for residuals on CTS ... [pokeyrai] by Car_man HOST
Jul 21, 2008 (2:43 am)
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Replying to: pokeyrai (Jul 09, 2008 5:11 am)

No problem, pokeyrai.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#291 of 372
Re: reply to post 275 [nijhscc] by Car_man HOST
Jul 21, 2008 (2:49 am)
Reply

Replying to: nijhscc (Jul 18, 2008 7:54 am)

Hi nijhscc. It sounds like you are new to leasing. You can find out everything that you need to know about it by checking out the following informative articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In answer to your specific questions, vehicles' residual values are based upon a percentage of their full MSRPs plus the MSRPs of any options that can be residualized. GMAC's current residual value for a 24 month lease of a 2008 Cadillac CTS with 12,000 miles per year is a whopping 71%.
 
Banks also set vehicles' lease rates. GMAC's current base lease rate for a 24 month lease of an '08 CTS is an unattractive 6.1%.
 
Each state calculates sales tax on leased vehicles differently.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#292 of 372
Re: reply to post 275 [Car_man] by nijhscc
Jul 22, 2008 (6:25 am)
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Replying to: Car_man (Jul 21, 2008 2:49 am)

Thanks - yes, I am new to leasing. I have used the Edmunds calculators, but using the CTS 2009 MSRP/Residuals etc as I had noted in my email. The Calculators do not provide an analysis/answer, if I want to FIRST lease the CTS for 24 or 36 mths, and then Buy it after this period. What I would like to calculate is the Difference between BUY NOW, Lease first/then buy. I know that in the long run, it is always better to BUY (financially speaking). Any advice ??
 
thanks,

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