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Cadillac CTS Lease Questions

945 messages,  Last post on May 12, 2013 at 10:58 AM

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

    

Messages Page 5 of 96

#33 of 945 Re: 06 CTS-V Lease Rates? [mywave] by Car_man HOST

May 18, 2006 (3:31 am)

Replying to: mywave (May 04, 2006 4:19 pm)
Hi mywave. If you were to lease a 2006 Cadillac CTS-V through GMAC right now for 24 months with 15,000 miles per year, its base lease rate and residual value should be 3.95% and 63%, respectively. When negotiating your lease on this car, make sure to take the $1,600 lease cash that General Motors is currently providing on it into account. It will help you to negotiate an attractive capitalized cost.
 
Car_man
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#34 of 945 Thanks Car_man by waltkan

May 22, 2006 (6:43 am)

Thanks for the info re: base rates. I'm glad I waited to hear from you before signing anything.

#35 of 945 CTS Lease Help by taylormade2

May 23, 2006 (6:47 am)

I'm currently looking at a base 2.8L at $31,190. We qualify for GM employing pricing that is 4% below invoice. This brings the car down to about $28,290.
 
We have the $1800 GM rebate and another $1000 for GM employee certificate.
 
The negative side is negative equity from our current car of $6000.
 
With 12,000 miles for 39months, the payment would be $446 before taxes with $3000 down. 4.95%. 53% Residual.
 
The current lease offer is $299/mo for 39mo with $3400 down.
 
I believe that the $446 with $3000 down is higher that it should be even with the negative equity. It seems that with the GM discount, we should be able to do $299/mo with $500 down (-$2900). Then in regards to the $6000 negative equity, that would be $5000 with the certificate. As I understand it, about every $1000 adds about $30 per month to the payment, therefore, should we be at about $450/mo. with $500 down?
 
Thanks!

#36 of 945 Manufacturer to Dealer Incentives by claden

May 30, 2006 (1:13 am)

Car Man,
 
I am considering leasing a 2006 CTS and wanted to know, if the $2000 lease cash is in lieu of or on top of the $3000 Manufacturer to Dealer Incentive (Marketing Support) that is utilized to determine the TMV on Edmunds.com? Also, could you please indicate what the current lease rates and residuals are for the CTS 3.6L for both 36 and 39 month at both 15,000 and 18,000 miles. Thanks in advance for your help.

#37 of 945 Re: Manufacturer to Dealer Incentives [claden] by waltkan

Jun 01, 2006 (8:43 am)

Replying to: claden (May 30, 2006 1:13 am)
Not sure if this helps but the dealer I'm working with told me the 3k is only available on purchases. The 2k cap reduction is what is available on leases. Now whether or not they are telling me the truth maybe Car Man can verify.
 
Walter

#38 of 945 Re: Manufacturer to Dealer Incentives [waltkan] by claden

Jun 01, 2006 (9:45 am)

Replying to: waltkan (Jun 01, 2006 8:43 am)
Walter - Thanks for the input, that is what the dealer told me as well, but as you I was skeptical as whether that was an accurate statement.
 
Since my last post, here is the deal I currently have in works for a CTS 3.6L automatic with Luxury Package, Sunroof, and 17 inch Sport Package:
 
MSRP: 38,280
Sale Price: 35,500
Lease Cash: 2,000
Add'l Rebate: 1,000 (some sort of employee certificate)
Term: 39 mths
Miles: 15,000 per year
Residual: 50% (pushing for 51% waiting for CarMan to verify)
Lease Rate: 3.95%
Based on my calculations: $495.52 mth including TTL.
I have a trade-in worth $6,500 which based on Car Man's advice I am going to put in a money market account and draw on for my payments.
Total payment 316.06 mth including TTL,after $179.46 per mth payment from trade-in account.
 
How do these numbers look? Does anyone, including Car Man, think I can a better deal or should I take this? Thanks in advance for any input.
 
Christian

#39 of 945 Re: 2006 CTS 2.8L, How are they getting to 299/month [Car_man] by rtimm

Jun 03, 2006 (6:03 pm)

Replying to: Car_man (Apr 06, 2006 3:50 am)
Qutoing Car_man
 
Let's use GM's current lease program to estimate what this car's lease payment should be. According to my calculations, if you were to lease a 2006 Cadillac CTS 2.8 with an MSRP of $31,190 and a selling price of $28,500 through GMAC right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $360 or so. The payment that you were quoted looks a little high to me. Make sure that the dealer you are working with is taking the $1,800 lease cash into account and is using GMAC's current base lease rate of 3.95% to calculate your car's lease payment.
  
Car_man
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Can anyone tell me if this quote above includes GM discount? I qualify for GMS and retiree certificate can someone give me a 12,000 mile 36 or 39 month lease quote with 0 down (Just the retiree certificate and any incentives)
 
My Goal which may not be possible is to walk into a dealership with 0 cash in hand and leave with a CTS for <350 p/month Thanks

#40 of 945 Re: Thanks Car_man [waltkan] by Car_man HOST

Jun 08, 2006 (4:10 am)

Replying to: waltkan (May 22, 2006 6:43 am)
You're very welcome, waltkan.
 
Car_man
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#41 of 945 Re: Manufacturer to Dealer Incentives [claden] by Car_man HOST

Jun 08, 2006 (4:16 am)

Replying to: claden (May 30, 2006 1:13 am)
That is a very good question, claden. I do not believe that the $3,000 dealer cash is compatible with GMAC's lease program for this car, but I am not positive. As far as its current lease program goes, if you were to lease a 2006 Cadillac CTS 3.6L through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 3.95% and 51%, respectively. 15,000 miles per year is the highest mileage allowance that GMAC publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.
 
Car_man
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#42 of 945 Re: Manufacturer to Dealer Incentives [claden] by Car_man HOST

Jun 08, 2006 (4:19 am)

Replying to: claden (Jun 01, 2006 9:45 am)
Hi Christian. This sounds like a very good deal to me. Don't bother pushing for a higher residual value for your car, individual dealers do not have the authority to alter banks' residuals. If you like the CTS, I personally don't see any reason not to pull the trigger on this deal.
 
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Messages Page 5 of 96

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