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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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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! |
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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.
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Replying to: claden (May 30, 2006 12:13 am) Walter
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Replying to: waltkan (Jun 01, 2006 7:43 am) 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
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Replying to: Car_man (Apr 06, 2006 2:50 am) 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 Host Smart Shopper / Prices Paid Forums 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
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Replying to: waltkan (May 22, 2006 5:43 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: claden (May 30, 2006 12:13 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: claden (Jun 01, 2006 8:45 am) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: rtimm (Jun 03, 2006 5:03 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: sandbox (Apr 03, 2006 8:19 pm) |
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