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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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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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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? |
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Replying to: kyfdx (Dec 14, 2008 5:04 am) |
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Give us back the bailout money and shut down. Excellent lease incentives. $7000 plus Supplier Pricing and Bonus cash and my capital costs would be about $32.5K. The rub? They want 24% interest rate for the money factor. I confirmed this with a second dealer. I've been close a couple of times on Cadillac, but never worked out a deal. This one probably kills my last chance before they become owned by the US Government and the Union. I liked the idea of leasing over purchase because of the long term security of GM. I don't really see how they are going to make it.
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Replying to: wvgasguy (May 11, 2009 12:30 pm)
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Replying to: sam_k (May 11, 2009 2:39 pm) There is lease support though. They told me no, there was no offers. I said I just got off of the GM Supplier site at work and they listed incentives. He said no, I pointed to the paper I had with the GM supplier price of the car on their lot and told him in addition to the almost $3K off, there was $7000 of lease incentive. He went back into the room and brought out a bunch of papers. Oh, he said that's for people with a lease. I said no, that's just a lease incentive. I also have a leased vehicle with a end date before 10/31 so that offer is an additional $2K. He shuffled the papers more and found that. Then I said it appears there is a $1K Bonus cash for the GM Supplier people. He found all that and I figured I nailed this one. So I said, now that we have that, my questions were about the residual and the lease factor. That's when he came back with the 24% interest rate. So I repeated myself knowing GM was given tax bailout money to open up their stores, so surely they wouldn't try to rip us off. I've only leased once. I do see thought that the support is available even if you use a source for the lease other then GM. I assume in some areas Banks do that? In January they had a $5K or $7K similar offer on a purchase for people with leases ending XX 2009. I didn't hit that window or I would have bought one then. I've probably stopped in for the last time as I've tried to deal several times over the years on a Cadillac and never came close to the deals I was able to make with the Toyota's and Ford dealerships. I guess there are enough people that won't drive anything but a Cadillac that they see no need to get new customers and continue to mess over the existing ones. Seems like a business model that would put you out of business. Oh wait, it is putting them out of business. If they recover it will be from Obama giving them my taxes (and my kids and grandkids taxes), not from me purchasing a vehicle. |
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OK Carman, is the $7k lease incentive offset by crazy MF and low residuals?? Can you supply the latest MF and residuals? I was interested in heading to Cadillac dealer but this type of information may push me back to BMW or Acura....
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Replying to: couchman57 (May 14, 2009 11:43 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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