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Cadillac CTS Lease Questions

945 messages,  Last post on May 12, 2013 at 10:58 AM

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

    

Messages Page 63 of 96

#613 of 945 Attn:Car Man - CTS-V Sedan lease questions by edamon

Aug 01, 2011 (4:33 am)

Few questions:
 
1) Cadillac has a purchase cash back of ~$5642 on a buy.
 
2) You stated above Ally's has a $3,800 incentive, which being a 3rd party lease company and their incentive is their own, not GM.
 
3) So being a 3rd party lease company (I know Ford does this for cars they don't have programs for) -- so I purchase the CTS-V Sedan, am I entitled to the $5600 from Cadillac + the $3800 from Ally's? roughly netting $9400 in incentive money? Does U.S. Bank have any incentive cash? I've leased a few cars from them.
 
Lastly,
 
what is the current money factor and residual for the 2011 (or 2012??) CTS-V Sedan? cars.com shows the money factor at 0.0006 or 1.45% interest rate, but I can't find the residual on a 36 month/10K miles a year lease. Also, any changes with the August program?
 
I very much appreciate the assistance.
 
Best Regards,
 
Damon
 
damonedamon.com

#614 of 945 Re: CTS Coupe lease offer-new to leasing [chrisc318] by Car_man HOST

Aug 01, 2011 (4:14 pm)

Replying to: chrisc318 (Jul 19, 2011 5:38 am)
Hey chrisc318. Using the prices that you mentioned and a selling price of $1,000 over invoice, I estimate that this car would have a 36-month, 12,000 mile per year, zero down, pre-tax monthly payment of around $558.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#615 of 945 Re: Current CTS-V Rates [tskinner3] by Car_man HOST

Aug 01, 2011 (4:19 pm)

Replying to: tskinner3 (Jul 26, 2011 9:35 am)
Hi Tom. Ally's current base lease rate and residual value for a 24-month lease of a 2011 CTS-V Sedan with 15,000 miles per year are 0.15% and 49%, respectively.
 
The numbers for an otherwise identical 36 month lease are 1.15% and 43%.
 
When negotiating your deal on this car, make sure to take the massive $6,425 cash incentive that is available on 24-mo. and $5,925 that is available on 36-mo. leases of this car through Ally into account.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#616 of 945 Re: Attn:Car Man - CTS-V Sedan lease questions [edamon] by Car_man HOST

Aug 01, 2011 (4:23 pm)

Replying to: edamon (Aug 01, 2011 4:33 am)
Hi Damon. General Motors regular consumer cash incentives cannot be used on leases through Ally, US Bank, or GM Financial.
 
Ally's current base lease rate and residual value for a 36 month lease of a 2011 CTS-V Sedan with 10,000 miles per year are 1.15% and 46%, respectively.
 
General Motors July incentives are scheduled to run through September 6th
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#617 of 945 Re: Attn:Car Man - CTS-V Sedan lease questions [Car_man] by edamon

Aug 02, 2011 (12:47 am)

Replying to: Car_man (Aug 01, 2011 4:23 pm)
>Hi Damon. General Motors regular consumer cash incentives cannot be used >on leases through Ally, US Bank, or GM Financial.
>
>Ally's current base lease rate and residual value for a 36 month lease of a 2011 >CTS-V Sedan with 10,000 miles per year are 1.15% and 46%, respectively.
>
>General Motors July incentives are scheduled to run through September 6th
>
>Car_man
 
Car_Man,
 
Thanks for the quick reply. The comment on the cash not being used on leases is curious. Since technically, since GMAC isn't doing the lease, I "buying" the car and using another institution to finance it (likely US Bank since I've done a lot of business with them). So I don't see how or why they'd care, since it's technically a buy - how or where I use that cash back is up to me (Ford for example, not only has a lease incentive for outside leasing of $1500 and they let you keep the cash back as though they were leasing.
 
Kind of makes sense why GM as whole is in the hole... particularly on a vehicle most are likely to lease (CTS-V). The customer base for that type of vehicle or cars in that price range are generally lease candidates for it's consumer base which tends to lease wanting a new car every 2-3 years -- and you'd think they'd want to make it as attractive as possible given it's rather poor residual. Oh well, something to consider.
 
On a side note, I'm also going to be picking up a 2012 Mustang GT (brembo pkg) to replace the 2011 I had. Do you happen to know what US Bank's current program is on the car? I know back in May on a 36/mo, 12K mile/yr it was 64% residual and .00182 MF. Has that changed or maybe gotten better (no likely , lol).
 
thanks again, I appreciate the help.
 
Best,
damon

#618 of 945 NEW CTS-V INCENTIVE! $8,625 by quikguard

Aug 05, 2011 (12:02 pm)

http://www.cars.com/go/advice/incentives/index.jsp
 
I'm seeing an $8,625 incentive for CTS-V Wagon, and $7,625 for CTS-V Sedan leases!!! Is this correct?! I'm in San Francisco
 
I've been checking every day...this just came up TODAY!!!

#619 of 945 Re: NEW CTS-V INCENTIVE! $8,625 [quikguard] by edamon

Aug 05, 2011 (11:09 pm)

Replying to: quikguard (Aug 05, 2011 12:02 pm)
QuickGuard:
 
I'm looking at Cars.com (which is imo the most complete in listing incentives for the most part).
 
However, the numbers I'm seeing on the sedan are $6625 (I'm 400 miles south in Los Angeles).
 
they list a bunch of incentives, I wonder which are "stackable" so to speak...
 
http://www.cars.com/go/advice/incentives/incentivesModel.jsp?zc=90292&myid=11781-
 
$6,625 *1 exp. 9/6/11
---or---
$6,625 *1 exp. 9/6/11
---or---
$6,450 *1 exp. 9/6/11
---or---
$2,000 *2 exp. 9/6/11
---or---
$1,000 *2 exp. 9/6/11
---or---
$1,000 *2 exp. 9/6/11
 
(* notes program, but none are detailed all that well in the fine print - i.e. may be combined... but doesn't list which ones).
  
Car Man - Back to a question I asked before.
 
If I'm leasing through a 3rd party bank (say US Bank as example). I'm technically purchasing the car and US Bank is paying the dealer for the purchase, so my lease/loan contract is with the 3rd Party bank. So how or on what basis can GM deny the cash back incentive on what is technically a buy from their stand point. This is the first I've ever heard of this type of practice and I've bought a lot of cars (22 in less years than I've been driving). I've always been able to keep the cash incentive if leasing 3rd party.
 
Also do you happen to know which (if any) of the incentives can be combined?
 
Thanks,
 
Damon

#620 of 945 Re: NEW CTS-V INCENTIVE! $8,625 [quikguard] by Car_man HOST

Aug 11, 2011 (4:16 pm)

Replying to: quikguard (Aug 05, 2011 12:02 pm)
Hi quikguard. General Motors' cash incentives on the CTS vary by trim level, term, and bank. If you were to lease a 2011 CTS-V Wagon through Ally right now for 36 months, the cash incentive would be $6,625. The cash incentive for an otherwise identical lease of a 2011 CTS-V Sedan would be $6,925.
 
These allowances are $1,000 higher than they were last month, but I haven't seen the higher amounts that you mentioned.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#621 of 945 Re: NEW CTS-V INCENTIVE! $8,625 [edamon] by Car_man HOST

Aug 11, 2011 (4:19 pm)

Replying to: edamon (Aug 05, 2011 11:09 pm)
Hi Damon. US Bank is one of the three banks that General Motors has a special arrangement to run special lease programs on its vehicles through (along with Ally and GM Financial). GM is paying to buy down the special lease rates that US Bank is offering on its vehicles so it has the right to not let consumers combine these bought down rates with its normal cash incentives if it so chooses.
 
Having said this, GM does have large special cash incentives that it is providing on deals through US Bank right now.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#622 of 945 Residual for CTS Performance by archaicrelic

Aug 30, 2011 (6:28 pm)

I understand that the interest on a 24 month lease on a CTS Performance model is 1.15%. Does anyone know what the residual is on this for 12k miles/yr? Thanks!

Messages Page 63 of 96

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