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Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#53 of 977 Re: [Car_man] Help [cpbnb] [Car_man] [cpbnb]
Jul 10, 2006 (2:04 am)
No problem, Pete. Cadillac is no longer providing $2,000 dealer cash on this car. It's now $3,000 customer cash. It doesn't really matter through because I don't believe that either of these incentives were compatible with leases through GMAC. Having said this, GM is providing $3,000 lease cash on leases of '06 CTS 3.6L models right now. Just because this lease cash is out there does not mean that you are automatically entitled to it. The dealer that you are working with may be counting on you not realizing that this cash is available and is hoping that they will be able to keep it. Make sure that it is being taken into account. For now I will assume that it is. OK, according to my calculations, if you were to lease a 2006 Cadillac CTS 3.6L with an MSRP of $40,075 and a selling price of $34,236 through GMAC right now for 39 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $406. You can use part of the $3,000 that you get from your trade to pay this car's first month's payment, security deposit, and acquisition fee, but you would be better off using the rest to make a couple of your payments or to supplement them because if you use it as a capitalized cost reduction you risk losing it if your leased vehicle is totaled in an accident or stolen and never recovered.
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#54 of 977 Is it a good deal?
Jul 18, 2006 (5:42 am)
I'm looking at a 2006 CTS, 3.6L with Luxury Pkg & Auto. List $35,990. with $3,000 cash back & my trade-in $2,000, payments is $578.00 for 48 months with residual of $12,236.00.
Is this a good deal for me?
#55 of 977 Is it a good deal?
Jul 18, 2006 (5:44 am)
P.S. This price is for 15,000 mile per year, and is a true lease, not a GM Smartbuy.
#56 of 977 06 CTS Sport Lease
Jul 18, 2006 (9:24 am)
How does this sound:
06 CTS 3.8 sport
sticker $40,060, sale $36k and change
$0 down, taxes rolled in (8.5%)
$3000 in rebates
#57 of 977 Re: 06 CTS Sport Lease [jr32]
Jul 18, 2006 (1:44 pm)
What is the residual?
#58 of 977 Re: 06 CTS Sport Lease [cwreal]
Jul 18, 2006 (4:52 pm)
#59 of 977 Carman, do you have insight on CTS-V lease.
Jul 23, 2006 (6:00 pm)
I have a supplier discount available, and there is also 3000 cash back. Can I use both of these on a lease? If yes, and the lease amt financed is 44k after all that, what would the lease pmt be for 36mo, 15K miles? Thanks
#60 of 977 Car_man...please help me
Jul 26, 2006 (3:28 pm)
I am looking to trade in my 2002 VW Passat GLX (80K, but in great looking shape). I would like to get the CTS V6, but am not sure whether to lease or buy. I put more than 15K a year on a car, but could probably get below that. What are your thoughts. If I purchased, I would pay over 4 or 5 years and put another $7-8K down. What would be the lease price for 36 months?
#61 of 977 Re: Is it a good deal? [cwreal]
Jul 30, 2006 (8:08 am)
Hello cwreal. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what this car's selling price is.
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#62 of 977 Re: 06 CTS Sport Lease [jr32]
Jul 30, 2006 (8:18 am)
Hi jr32. It appears to me as though you are getting this car for fairly close to dealer invoice. If so, and if this price is before the lease cash that is available on it is deducted, you are getting a good deal. Just make sure that the dealer you are working with uses GMAC's current base lease rate of 3.95% to calculate your car's lease payment and you're all set.
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