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Prices Paid: Buying & Leasing Experiences Cadillac CTS Lease Questions
372 messages, Last post on Dec 04, 2009 at 3:48 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: Car_man (May 15, 2009 2:25 am) The discounts are available for a lease, even if GM is not doing the lease according to the website. I just don't see why GM would offer all this money and then turn around and offer a rate no one in their right mind would accept. I would simply say we were not leasing. When the first dealer told me this, face to face, I asked why would anyone lease a cadillac. He responded some people just have to lease. And I said well I wouldn't think it would be a Cadillac. I walked out. Bob Trickett Cadillac, Clarksburg WV Anthony Cadillac, Fairmont WV In all fairness to them, I don't see this as their fault. At least though Anthony showed some sort of embarassment. |
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There is a dealer on Long Island that is advertising a 60-month lease for the RWD CTS with auto for $289 per month. They want $2995 down plus bank fee plus first month's payment, plus tax. I figure that comes to about $6179 down, but I have $1000 GM points and a $500 special offer. So, it would be $4679 down and $289 per month. If you amortize the $4679 over the course of 60 months, that means that the actual monthly payment of $289 is around $367 per month. All in all, not a bad deal for a CTS, albeit the base model. I have dealt with this dealer in the past and this is not a gimmick. However, it applies to only the advertised car, and if they have another car in stock with the same option, but a different color, then the monthly price jumps $100+. I just don't understand why they would be willing to lease one car at that price but not another similarly equipped car. Any thoughts? Also, based on what I have seen in the postings above, GMAC lease factor is off the charts. However, does anyone know what a private bank would charge and does anyone know if the $7000 rebate (and other rebates) apply in a lease situation where you use an outside lender. |
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