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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: artmbgolf (Aug 23, 2009 8:56 pm) GMAC's current base lease rate and residual value for a 36 month lease of a base 2009 Cadillac CTS with 15,000 miles per year are an attractive 0.40% and an unattractive 36%, respectively. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (Sep 03, 2009 2:54 am)
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Replying to: Car_man (Sep 03, 2009 2:54 am)
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Replying to: rbirns1 (Sep 03, 2009 7:00 am) $50,000 X .36 residual (15k miles) = $18,000 If you pay $42,000 - $18,000 = $22,000 owed. Add about $2,000 interest = $24,000 owed $24k / 36 = $666 With $3600 down, payment goes to $566, but no real savings. The residual on this used to be about 52% in 2007, higher for 10 + 12k miles. Ask your dealer to see the residuals page. Then you can decide the number of payments. They don't negoiate the residuals. GMAC sets them. They should not be a secret any more than the MSRP.
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Replying to: artmbgolf (Sep 03, 2009 9:00 am) |
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Replying to: Car_man (Sep 03, 2009 2:42 am) http://mediaroom.kbb.com/kelley-blue-book-announces-winners-2009-best-resale-val- ue-awards And you wonder why GM is in trouble.......
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I went to the dealership and found a 2009 CTS MSRP for $43,535. Because my dad was a GM employee I get the GMS price of $39000. The car has 2110 miles on it(a demo). They want me to pay the sales tax upfront(8%) w/ first month payment and fees which is around $3650. They are giving a $3400 rebate but the money factor is 0.725 and the residual is 38%. He got the payment to $485 for 39 months if I put the $3600 down but I want to use the $3400 as my down payment and want a better price on the car since it was a demo. Can you tell me what kind of a deal I should be working towards and the money factor seemed very high and the residual not very good. I have not leased before and am very confused as to all the numbers, HELP! |
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Replying to: rbirns1 (Sep 03, 2009 7:00 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: rbirns1 (Sep 03, 2009 7:02 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: billmv (Sep 03, 2009 9:48 am)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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