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Prices Paid: Buying & Leasing Experiences Cadillac CTS Lease Questions
371 messages, Last post on Nov 24, 2009 at 6:23 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Good morning, all. I am in the market for a 2009 CTS and was hoping the knowledgeable people on this site could tell me if I am getting a decent deal or not. This is what I have been quoted by the internet manager: The MSRP of the vehicle you priced is $45,200. The others in the inventory were more expensive some by a few hundred, others a few thousand. I am selling it to you for $42,985. When it comes to leasing, there are no rebates available. A 36 month lease with 12k miles a year with about $1,600 due at signing will give you payments around $715 plus tax a month. On a purchase with excellent credit, $2,000 rebate and $1,600 down, your payment will run about $845 a month. (not sure I understand why the monthly went up here) To move to the far end of the scale with all the bells and whistles, the CTS with an MSRP of $48,705 can be sold to you for $46,528 through the Internet Department. A 36 month/12k mile a year lease with about $1,675 down gives you payments of $775 plus tax a month. After I told him what I wanted to pay a month (not really what I want but I wanted to see where he would go with the offer - I realize I will probably be paying over $600/mo at a minimum), this is what he wrote me: My original quote to you was about $900 over invoice. I went down to about $500 over invoice (normally as low as I can go) . We were at about $763 including tax a month and with a bit more discounting, we are at about $740 a month including tax. To get below $600 a month means instead of about $1,600 down, you would need to come up with about $6,500 down. There is just not that kind of markup on a car like this. If you went down to 10k miles a year, you would move closer to the $700 mark. The only real choice would have to be find a less expensive vehicle or put more money down. I am really sorry for the long post, but any thoughts on this would really be appreciated. I have read through most of this thread, but it does not appear as if some of the older post really apply presently. Anyway, thanks again for any thoughts. |
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Replying to: gator5000e (Oct 30, 2008 7:09 am) Their lots are filled to capacity. The reisdual value for leasing their vehicles is low and without their own financing arm, your at the mercy of the local banks which are tight with their lending on especially on GM, Ford and Chrysler vehicles. |
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Replying to: gator5000e (Oct 30, 2008 7:09 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Thank you for the replys. Good advice so I have decided to wait for a while. Besides this site and the individual manufacturer sites, is there a good site to see current lease offers? Thanks again. |
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Replying to: gator5000e (Nov 03, 2008 4:51 am) It was a 36 month lease that took into account, employee pricing, a rebate, and an additional $4,000 reduction since I had a lease that was to expire within the next seveal months. MSRP around 38, 36 month lease for 412 plus tax with $1,000 total out of pocket. I'm very happy . . . so far
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| jacalyker, congrats on your lease.May I ask what state your in? And did you have any options/packages in that deal? | |
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Replying to: gator5000e (Nov 03, 2008 4:51 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Nov 04, 2008 4:14 am) Thanks
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Replying to: toddbarfield (Nov 18, 2008 9:09 am) |
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Replying to: jacalyker (Nov 03, 2008 11:34 am) |
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