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Cadillac CTS Lease Questions

370 messages,  Last post on Oct 07, 2009 at 9:15 AM

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

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#288 of 370 Re: reply to post 275 [kyfdx] by nijhscc Jul 18, 2008 (7:54 am)
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. Replies to this message: sryn (Jul 20, 2008 6:25 am) Car_man (Jul 21, 2008 2:49 am) nijhscc (Jul 22, 2008 6:25 am) topgun7 (Jul 24, 2008 7:29 am) 1stacura (Sep 04, 2008 8:14 am) Car_man (Sep 05, 2008 2:07 am)
#289 of 370 Re: reply to post 275 [nijhscc] by sryn Jul 20, 2008 (6:25 am)
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 370 Re: Car_man I'm looking for residuals on CTS ... [pokeyrai] by Car_man HOST Jul 21, 2008 (2:43 am)
Replying to: pokeyrai (Jul 09, 2008 5:11 am) No problem, pokeyrai.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#291 of 370 Re: reply to post 275 [nijhscc] by Car_man HOST Jul 21, 2008 (2:49 am)
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 Replies to this message: nijhscc (Jul 22, 2008 6:25 am) topgun7 (Jul 24, 2008 7:29 am) 1stacura (Sep 04, 2008 8:14 am) Car_man (Sep 05, 2008 2:07 am)
#292 of 370 Re: reply to post 275 [Car_man] by nijhscc Jul 22, 2008 (6:25 am)
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, Replies to this message: topgun7 (Jul 24, 2008 7:29 am)
#293 of 370 Re: reply to post 275 [nijhscc] by topgun7 Jul 24, 2008 (7:29 am)
Replying to: nijhscc (Jul 22, 2008 6:25 am) "NOW, Lease first/then buy. I know that in the long run, it is always better to BUY (financially speaking). Any advice ?? "   No, it is not true that it is always better to buy. There is 2 cost component of owning a car, the depreciation and the finance cost. Even if you pay cash out of your pocket, you still run a finance cost which is equal to the money that you can make with the cash. Comparing leasing and owning boil down to what finance rate you can get with leasing vs buying. And what residual a manufacturer set for a car.   If a manufacturer is running special for leasing a car (i.e. lease cash, lower money factor e.g. right now you have cars that has money factor equal to 3+% interest rate..) or set residual artificial high than it is better to lease a car. If it is the other way around, then it is better to buy a car.
#294 of 370 Re: reply to post 275 [Car_man] by 1stacura Sep 04, 2008 (8:14 am)
Replying to: Car_man (Jul 21, 2008 2:49 am) Car-man (or anyone else), do you know what the September residuals and base lease rates are for 12k 24 month or 36 months leases on the CTS?   Thanks in advance... Replies to this message: Car_man (Sep 05, 2008 2:07 am)
#295 of 370 Re: reply to post 275 [1stacura] by Car_man HOST Sep 05, 2008 (2:07 am)
Replying to: 1stacura (Sep 04, 2008 8:14 am) Hi 1stacura. Unfortunately, it appears as though General Motors is not leasing vehicles this month. If you want to lease a CTS, you will have to do so through an independent bank. This month GM is offering Employee Pricing that can be combined with 0.9% to 5.9% financing and $2,000 cash. GM is providing an additional $2,000 for consumers who are currently leasing any vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#296 of 370 Lease price by gmichael Oct 22, 2008 (7:47 pm)
Hi, I am currently leasing a 06 CTS which is up in Dec. I am over my miles by 15000, which equates to $3000. My dealer has offered me a 2009 CTS with auto trans and dark grey color for $3450 out of pocket and $399 a month 39 m lease with 12K miles. Also asorbing my over miles on the 06. Is this a good deal or should I wait until December for a better deal?

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