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Cadillac CTS Lease Questions

371 messages,  Last post on Nov 24, 2009 at 6:23 AM

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

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#309 of 371 by topgun7 Dec 12, 2008 (11:58 pm)
" 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...
#310 of 371 by gator5000e Dec 13, 2008 (10:51 am)
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. Replies to this message: kyfdx (Dec 14, 2008 5:04 am) northstar7 (Apr 04, 2009 8:54 pm)
#311 of 371 Re: [gator5000e] by kyfdx HOST Dec 14, 2008 (5:04 am)
Replying to: gator5000e (Dec 13, 2008 10:51 am) Since you can't get a lease directly from USBank, then you aren't ever going to know the buy rate. Unlike a captive financing company, USBank might have different rates for different dealers, depending on the amount of business.   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 Replies to this message: northstar7 (Apr 04, 2009 8:54 pm)
#312 of 371 2009 CTS Lease by jls80 Dec 17, 2008 (6:26 pm)
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?
#313 of 371 Re: [gator5000e] by Car_man HOST Dec 18, 2008 (2:48 am)
Replying to: gator5000e (Dec 12, 2008 11:21 am) Hi gator5000e. A money factor of .00275 isn't bad for an unsupported lease. It's equivalent to an interest rate of 6.6%. I wonder how bad the residual value is. Did the dealer reveal it to you? Unfortunately, I do not personally keep tabs on the lease programs that are being offered by independent banks so I cannot confirm that this is U.S. Bank's buy rate. Sorry that I could not be of more help.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#314 of 371 by gator5000e Dec 18, 2008 (5:06 am)
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.
#315 of 371 Re: [Car_man] by sam_k Jan 14, 2009 (6:40 am)
Replying to: Car_man (Nov 03, 2008 4:34 am) Car_man,   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 Replies to this message: Car_man (Jan 15, 2009 3:18 am)
#316 of 371 Re: [sam_k] by Car_man HOST Jan 15, 2009 (3:18 am)
Replying to: sam_k (Jan 14, 2009 6:40 am) Hi Sam. While General Motors did reintroduce its special financing offers when GMAC received a huge cash infusion from the government, it unfortunately did not bring back its special lease program. In fact, if I recall correctly the agreement between GMAC and the government actually prohibits it from leasing, or at least places some significant restrictions upon it. If this is indeed the case, I wouldn't count on GM bringing its lease program back any time soon.   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
#317 of 371 What's a good deal for purchase? by waffleman Mar 04, 2009 (8:05 am)
Regarding this deal: 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   Looks like a pretty good deal to me. Are those types of deal only available for leasing? Can you get similar deals with purchase? I'd purchase in a heartbeat for similar type of discount. What is everyone's experience?
#318 of 371 Re: [kyfdx] by northstar7 Apr 04, 2009 (8:54 pm)
Replying to: kyfdx (Dec 14, 2008 5:04 am) That money factor is horrible. BMW will give you money factors equating to 1.55%

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