Last post on Dec 09, 2013 at 4:35 PM
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Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#382 of 977 Re: Buying Cadillac at lease termination - 2007 CTS [dumb_blonde]
Apr 05, 2010 (6:42 pm)
You can buy the car for the Residual, that is quoted on your Lease Agreement. Do not pay more than that. If "for example" your residual is $20,000 and the dealer can buy it from GMAC for $17,300, it's a good compromise to buy it for $18,300. Your dealer may think you will buy it and is willig to make some $, rather than have you buy it out at another dealer or return it for a Buick and they make nothing.
You would have to spend around $7,000 to $9,000 more on MSRP to get a 2010 CTS with the same options. After that, a 2010 Lease will cost you about $150 more per month, since you will be buying a higher priced car at worse lease terms.
I see dealers advertising 2006 - 2007 CTS in the $18,000 - $21,000 with 30-40,000 miles on them, so I think you have a good deal, if that is what you want to do.
#383 of 977 Re: Buying Cadillac at lease termination - 2007 CTS [dumb_blonde]
Apr 06, 2010 (8:18 am)
With that low mileage, I would buy the car.
#384 of 977 current 2010 cts offer
Apr 25, 2010 (3:36 pm)
They have the current deal up...msrp 39990, on a luxury 3.0 RWD...I am a current lesse with 2 payments left so they waive the 1000...there is also a 1000 manufacturer to dealer discount noted in your incentive site....I also am entitled to a GM Family Prefered price which should bring it down to 38,300- plus the GM Employee vehicle allowance of 1500, which should bring the cap cost down to 36,800 minus what I could get out of the manufacturer to dealer piece....If i did this correct- thats what the lease price should be based from , correct? Does anyone know what the residual and money factor is on this vehicle? Trying to learn so I'm prepared going in...I also want to roll the taxes in, 8.25 % here in NYS state- someone take a stab on what the best bottom line here should be for me??? I note the bottom line of their offfer says not available with other offers- does that knock out my GM employee discounts? also what would dealer fees be?I know I got a ton of questions, but would really appreciate any help here Bob in Buffalo
2010 CADILLAC CTS SEDAN RWD 3.0L LUXURY
Low-mileage Lease for Qualified Lessees
$499/month 39 month lease, $1000 due at signing (after all offers).
$0 due at signing for current Lessees (after all offers).
No security deposit required.
Tax, title, license, dealer fees and optional equipment extra.
Mileage charge of $.20/mile over 39000 miles.
Read full offer details
Example based on survey. Each dealer sets own price. Your payments may vary. Payments are for a specially equipped 2010 Cadillac CTS Sedan RWD 3.0L Luxury with MX0 Automatic with an MSRP of $39990. 39 monthly payments total $18944. Option to purchase at lease end for an amount to be determined at lease signing. GMAC must approve lease. Take delivery by 04-30-2010. Mileage charge of $.20 /mile over 39000 miles. Lessee pays for maintenance, repair and excess wear. Payments may be higher in some states. Not available with other offers. Residency restrictions apply.
#385 of 977 CTS lease numbers for May
May 04, 2010 (12:02 pm)
Hi Car man. Any idea on the money factor and residual for May on a CTS premium AWD for 12k/year for 36 months? Thank you.
#386 of 977 Re: Buying Cadillac at lease termination - 2007 CTS [artmbgolf]
May 11, 2010 (8:32 am)
Cadillac just came out with a new lease program. It's $449/mo with "0" down. (Residual is 43% I believe based upon a purchase price of $37990)
I made an error on my 2007 CTS that I am currently leasing...
the buy out is 18,440 not 18,300. If I certify the car, they will finance 1.9% Still haven't figured out why I have to have it certified. I am meeting with the dealer again today to investigate both lease & buy out options.
I guess my major concerns are future repairs (it's been repair free up until now). If I don't invest $2000 in the dealer warranty, I could face some major costs down the line. However, as is is a low mileage car I may not have to worry for a few years.
I have to make a decision as to whether I should shall out the $18K now (not finance it) or lease a brand new one. One thing is certain, there isn't a car out there for $18K that is in the same condition as mine, has low mileage and is a luxury car.
My accountant says I have to figure out what my 2007 CTS will be worth in a few years and whether or not it will hold it's value. Anyone have a crystal ball?
#387 of 977 Re: CTS lease numbers for May [boomboom4]
May 13, 2010 (2:10 am)
Here's the information that you're looking for, boomboom4.
GMAC's May base lease rate and residual value for a 36 month lease of a 2010 Cadillac CTS Premium AWD with 12,000 miles per year are 1.45% and 47%, respectively.
As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.
When negotiating your deal on this car, make sure to take advantage of the $4,100 cash incentive that is currently available on leases of it through GMAC.
Prices Paid: Buying & Leasing Experiences Forum
#388 of 977 Re: CTS lease numbers for May [Car_man]
May 13, 2010 (4:45 am)
Thanks Car man. My dealer says the residual is 43% not 47%. He has the interest rate at 1.45. Did they raise the residual from March and lraise the interest rate? I didn't realize the dealer could mark-up(in this case mark down) the residual. Thanks Carman
#389 of 977 Re: CTS lease numbers for May [boomboom4]
May 14, 2010 (1:40 am)
You're welcome boomboom4. Both the dealer and I have this car's lease rate at 1.45%.
I'm pretty sure that the residual value for a 36 month, 15,000 mile per year lease of a 2010 CTS Performance AWD is 45%. Adding 2% to that for a 12,000 mile per year lease increases it to 47%. There must be some sort of miscommunication between you and the dealer because I don't believe that individual dealers are allowed to alter banks' published residual values.
Prices Paid: Buying & Leasing Experiences Forum
#390 of 977 can use help car_man-thanks in advance
May 14, 2010 (4:34 pm)
Local dealer has CTS Luxury AWD with sunroof. 39 month zero down no security deposit plus first month payment up to $800 will be made for me for $499 a month 12,000 miles per year. Does not include local 7% sales tax or annual Motor Vehicle Taxes of a couple thousand dollars that declines each year The car lists for $43,040.
How do I know what the best deal I can make is? Thanks
MANUFACTURER'S SUGGESTED RETAIL PRICE $43,040.00
STANDARD VEHICLE PRICE $41,065.00
Options installed by Manufacturer
TIRE, COMPACT SPARE
(REPLACES TIRE INFLATOR KIT)
TOTAL OPTIONS $1,150.00
TOTAL VEHICLE & OPTIONS $42,215.00
DESTINATION CHARGE $825.00
#391 of 977 Forgot something
May 14, 2010 (5:02 pm)
I would be eligible for any owner loyalty and credit union discounts/incentives if either/or both are available.
I probably need the money rate for the 39 month and the residual would differ for a 39 versus 36 month