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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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I would be surprised if you got any type of favorable lease deal on a CTS. The two dealerships I have been dealing with have both been consistent in telling me that GMAC is not offering any type of a decent lease deal. I think jacalyker either got lucky or the dealership went through private financing. Please let us know. I had asked her earlier about this but I do not believe she ever responded - probably happy with her deal and doesn't come to the boards anymore. I have a great deal offered on a 2009 CTS but I would have to finance it and I am concerned about GM's future status, the value that whatever happens to them may have on the car and the overall stability of the dealership network in the future. |
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Car_Man, or anyone else, I have what I feel is a pretty good offer on a CTS that is being leased through US Bank. I am being quoted a Money Factor of .00275. A competing dealer told me MF or .00266. Not a huge difference, but how do I find out what the actual US Bank MF is? Does anyone here know it? Thanks for any information.
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" I have what I feel is a pretty good offer on a CTS that is being leased through US Bank." I assume that you do not get the lease directly from US bank (otherwise you would not ask what their true rate is...). I know leasecompare.com has a lease term that they are willing to provide for individual model. May be that will give you another data point of what the market offer from 3rd party lease. I think all you can do is to have mulitple offers and see what is the best monthly payment for you... |
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Thanks, topgun. I have a US Bank Dealer lease calculation worksheet. it has the MF typed in so someone at the dealership typed it in. I just want to know that the dealership is not jacking up the MF - I have searched everywhere on the net for a place that tells me current lease rates. Nothing, nada. I can only assume it may be ok to compare the current bank MFs to auto loan rates. Most of them are in the 6.5% area so I guess teh lezse rate isn't totally awful.
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Replying to: gator5000e (Dec 13, 2008 10:51 am) If you go to leasecompare.com, you can get some idea of residuals and money factors that they are offering through their banking partners... but, you'll never know the markup on an independent bank lease. regards, kyfdx
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Vehicle Price: $41,520.00 White Diamond Paint + Sunroof Preferred Customer Discount: - $4,725.24 Customer Rebate: - $6,000.00 Selling Price: $30,794.76 Sales Tax (estimate): + $2,272.67 Tag/Registration Fees (estimate): + $335.00 Tire/Battery/MVWEA: + $8.50 Dealer Service Fee: + $599.95 Balance Due (estimate): $34,010.88 LEASE OPTION Cash Due at Signing $1,855 36 Months  $499/month 12,000 miles/year Rebates: $6,000 I also currently have a '07 CTS lease ending in Jan '08. Is this a good deal or could I do better? Thanks for any info and help? |
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Replying to: gator5000e (Dec 12, 2008 11:21 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Thanks Car_man. That MF and residual (45%) became secondary when they disclosed their privacy policy to me as I was about to close the deal (or anti-privacy policy as the case may be). I was set to take delivery on a new CTS today. All details had been worked out, price agreed on, etc. The dealership just needed a credit app to get the lease approved. They faxed over a credit app and along with the app is a Privacy Policy form. The form basically reads that they can take my “Private Information” and disclose it to anyone, including "Marketing Service Providers", "Affiliates" and “Other Third Parties”. Private Information is defined as info we received through any apps or forms and includes name, address, SOCIAL SECURITY NUMBER and income. This form is not giving me the option to opt out of this policy. It is merely an acknowledgment of what they can and might do with my information with or without my permission. The dealer General Manager says no one has ever bitched at this before and that it has never caused a problem. I do not like the idea they may give my SS# out to anyone they want to, even though the Gen Manager says, verbally, they won’t do it. This really bugs me but am I making a mountain out of a mole hill? I told the GM it was a deat breaker. I asked for a letter saying they won't do this but he said he wasn't going to send me one. I tried to buy the CTS but I keep running into obstacles. Maybe it's all a sign. |
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Replying to: Car_man (Nov 03, 2008 4:34 am) Is GM still cutting back on leasing support like you mentioned a couple of months ago? I was considering leasing a Cadillac CTS AWD but if what you said still holds true, then I'll just stick with my other option, the Infiniti G37x sedan. Thanks. Sam
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Replying to: sam_k (Jan 14, 2009 6:40 am) If you are set on leasing, you will be much better off going with the Infiniti G37 Sedan. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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