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Cadillac CTS Lease Questions

370 messages,  Last post on Oct 07, 2009 at 9:15 AM

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

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#324 of 370 Re: May 09 MF and Residuals [Car_man] by wvgasguy May 16, 2009 (5:29 pm)
Replying to: Car_man (May 15, 2009 2:25 am) The dealership in Clarksburg WV quoted me the rate. I figured it was BS so I went home and called the dealership in Fairmont. Without me telling him what was said in Clarksburg he quoted me 24%. At least when I asked him how they could say that with a straight face, he sounded appologetic. It disturbed him as well. I could tell he was embarrased. He did mention his dealership was trying to work out something locally with a financial organization. He mentioned a dealership in PA he had talked with had something going but without GM.   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.
#325 of 370 CTS lease by mixen May 21, 2009 (9:35 am)
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. Replies to this message: wvgasguy (May 22, 2009 5:19 pm) rackerman (May 25, 2009 2:15 pm) mixen (May 26, 2009 3:33 pm) mixen (Jun 23, 2009 9:23 am) sam_k (Jun 23, 2009 10:49 am) billmv (Jul 01, 2009 12:06 am) and 1 more... wvgasguy (Jun 26, 2009 8:17 am)
#326 of 370 Re: CTS lease [mixen] by wvgasguy May 22, 2009 (5:19 pm)
Replying to: mixen (May 21, 2009 9:35 am) What I have read and what I was told is that the $7000 is good regardless of who finances the lease for you.
#327 of 370 Re: CTS lease [mixen] by rackerman May 25, 2009 (2:15 pm)
Replying to: mixen (May 21, 2009 9:35 am) that seem like a great lease deal... can you disclose which dealership is offering that deal...i am in the market for lease a '09 CTS...i live in Miami and my local dealership is offering $439/mnth, plus sales tax and $1998 down for a new CTS(basic model). Replies to this message: mixen (May 26, 2009 3:33 pm)
#328 of 370 Lease Rebate Confusion by hoss411 May 25, 2009 (5:42 pm)
I'm considering leasing a CTS through US Bank. Edmunds currently lists 5 different rebates and I'm trying to figure out which ones I'm eligible for. I've asked a couple of dealers and I think they are either misleading me or they are absolutely clueless...   I currently lease an Infiniti and must turn it in on 9/20. I qualify for GMS employee pricing.   I know I get the $7000 rebate. I also believe I qualify for the additional $2000 rebate since I'm currently in a lease that ends before 10/31. Two dealers have told me "NO" to that - I only get up to $7000 total rebate. My gut tells me this is bogus, but I really don't know...   As for the other three rebates... I know I don't qualify for the $1000 owner loyalty rebate, but there is still a $1000 GM Bonus Cash and $1500 Customer Cash rebate. Perhaps these are only for a purchase though??   Any help is appreciated! Replies to this message: rackerman (May 26, 2009 7:15 am) rackerman (May 26, 2009 7:15 am)
#329 of 370 Re: Lease Rebate Confusion [hoss411] by rackerman May 26, 2009 (7:15 am)
Replying to: hoss411 (May 25, 2009 5:42 pm) I agree with you....very confusing...I tried to nego a lease on a CTS over the weekend (Miami, Florida) and they told me I am "only" eligible for the $7k rebate. I am currently leasing a CTS and it expired on May 19, 2009...on a month-to month lease.
#330 of 370 Re: Lease Rebate Confusion [hoss411] by rackerman May 26, 2009 (7:15 am)
Replying to: hoss411 (May 25, 2009 5:42 pm) I agree with you....very confusing...I tried to nego a lease on a CTS over the weekend (Miami, Florida) and they told me I am "only" eligible for the $7k rebate. I am currently leasing a CTS and it expired on May 19, 2009...on a month-to month lease.
#331 of 370 Re: CTS lease [rackerman] by mixen May 26, 2009 (3:33 pm)
Replying to: rackerman (May 25, 2009 2:15 pm) Atlantic Cadillac in Bayshore, NY (Long Island).
#332 of 370 Re: CTS lease [mixen] by mixen Jun 23, 2009 (9:23 am)
Replying to: mixen (May 21, 2009 9:35 am) As a follow-up to my e-mail, I finally pulled the trigger and leased a 2009 CTS AWD with the base engine, no added options. The deal is 60 months at $339 per month plus $2995 down plus bank fee plus tax plus DMV. It came out to about $7250 down, but I had $3000 GM points and had received a letter from GM saying that I could exceeed the normal $1000 point threshhold for the CTS until the end of June. So, I wound up getting the CTS for about $4250 down. I hate putting money down, but all things considered, I thought this was a good deal for the AWD. Replies to this message: sam_k (Jun 23, 2009 10:49 am) billmv (Jul 01, 2009 12:06 am) sam_k (Jul 01, 2009 2:53 am) wvgasguy (Jun 26, 2009 8:17 am)
#333 of 370 Re: CTS lease [mixen] by sam_k Jun 23, 2009 (10:49 am)
Replying to: mixen (Jun 23, 2009 9:23 am) No offense mixen but putting money down on a lease is a risk. If your car is stolen or totalled, then you lose all that money. Gap insurance does not cover you. The insurance company writes the check to the owner of the car (i.e. the leasing company), not you, so any money that you put down is lost. That's why Edmunds recommends that you don't put money down on a lease.   Leasing for 60 months is also a risk considering that the basic warranty on the CTS is only 4 years/50K miles. That means that for the last year of your lease (or anytime after you hit 50K miles) you'll be responsible for paying anything that breaks that's not covered by the drivetrain warranty which is 5 years/100K miles.   http://www.edmunds.com/new/2009/cadillac/cts/101001122/standardwarranties.html Replies to this message: billmv (Jul 01, 2009 12:06 am) sam_k (Jul 01, 2009 2:53 am)

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