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Cadillac CTS Lease Questions

948 messages,  Last post on Jun 13, 2013 at 10:20 PM

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

    

Messages Page 64 of 95

#628 of 948 Re: Leasing incentives?? [drstein] by Car_man HOST

Sep 15, 2011 (2:56 pm)

Replying to: drstein (Sep 08, 2011 7:36 pm)
Hi drstein. General Motors is currently providing a whopping $7,350 cash incentive on 36-month leases of the 2011 Cadillac CTS through Ally. this cash is not compatible with the $3,000 incentive that you mentioned.
 
If I was in the market for this car right now, I personally would shoot for a selling price of around $500 or so over invoice minus the aforementioned cash incentive. You can look up the exact dealer invoice price of this car over in the New Vehicle Pricing section of Edmunds.com.
 
If you provide me with the MSRP and approximate selling price of the exact car that you want I'd be happy to work up a sample payment on it for you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#629 of 948 Re: Lease on Cadillac CTS Coupe AWD [df55] by Car_man HOST

Sep 15, 2011 (3:01 pm)

Replying to: df55 (Sep 13, 2011 11:35 am)
Hi df55. Ally's current cash incentive for a 36-month lease of a 2011 Cadillac CTS Coupe AWD is $4,200. Its base lease rate and residual value for a 36-month, 12,000 mile per year lease of tis car are 0.59% and 50%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#630 of 948 Re: Leasing incentives?? [Car_man] by sanguito

Sep 17, 2011 (11:28 am)

Replying to: Car_man (Sep 15, 2011 2:56 pm)
Hi. I've been haggling with local dealership for a week now. Below is basic figure:
 
1) MSRP: $ 37,595 (base model with auto trans.)
2) Invoice Amount: $ 35,486
2) Cap Cost: $ 34,684
 
Their latest lease figure (offer) is:
1) $ 2800 total drive off
2) $ 311 monthly including tax
3) 36 months
4) 10k per year
 
I mentioned to the dealership about available $ 7650 cash incentive from manufacturer to put towards lease program, but they just wouldn't budge. I am aiming to lower the monthly payment to 280~290 including tax. Am I being unreasonable? I think I need to bump the mileage to 12K. Pls let me know the reasonable price I should set my goal to. There are 5 cars (base with black raven color) left in radius of 200 miles from where I live, so I am thinking about grabbing the car tomorrow.
 
Pls let me know!
 
Thanks,
Sang

#631 of 948 Re: Leasing incentives?? [sanguito] by artmbgolf

Sep 18, 2011 (10:58 am)

Replying to: sanguito (Sep 17, 2011 11:28 am)
If that cash incentive is correct, it may be only for a 2011. You don't say the year.
  
You can get the payments down with a bigger down payment, but that doesn't save you any $ overall. I have leased from GM with just a drive off of the first lease payment, but of course the payment was higher.
  
Out your trade-in and GM points against the cap cost.
  
The 10k miles lowers the cost, but you will owe $ if you go over that, unless you want to buy it for the residual.
  
Get the incentive if it still exists. Prove it to them.

#632 of 948 Re: Cadillac CTS: Lease Questions [Car_man] by tina_louise

Sep 21, 2011 (5:59 pm)

Replying to: Car_man (Aug 31, 2005 3:16 am)
I need help! This is for a CTS Sedan Premium AWD: MSRP is 51,340, dealership asking price is 41,146. I have a trade-in for 6,000 which brings price down to 35,146. The lease is 36 months, 12k mile a year. They told me over the phone the monthly lease would be $499. I was expecting the montly to be around $350. Lease is through Ally.
 
They explaineed how they got to the number but it still doesnt click. Can you help?

#633 of 948 Re: Cadillac CTS: Lease Questions [tina_louise] by artmbgolf

Sep 21, 2011 (6:36 pm)

Replying to: tina_louise (Sep 21, 2011 5:59 pm)
First you have to know if they are writing you a check for the 6,000 trade or using it to reduce the cap to 35,146. Make sure they don't steal your trade. GM lease papers are clear on leases I have had.
 
The $499 sounds high to me. I don't know exact residual for 36 Mo, 12K.
Using 42%, residual is 21,420.
35,146 - 21,420 = 13,726 + guessing 700 for lease and
guess 1000 interest = 15,426 / 36 = $430.
  
I don't see why they have $499, nor how you expect $350.
If your state sales tax is high and in there, then maybe it will get to $499.
Make them show you the lease paper. You have to see it to sign it.

#634 of 948 Re: Cadillac CTS: Lease Questions [artmbgolf] by tina_louise

Sep 22, 2011 (4:27 am)

Replying to: artmbgolf (Sep 21, 2011 6:36 pm)
Thank you! this does help. So, is it better to have them write me a check for my trade-in or reduce the cap to 35,146? What does it mean to "steal my trade"?

#635 of 948 Re: Cadillac CTS: Lease Questions [tina_louise] by artmbgolf

Sep 22, 2011 (11:12 am)

Replying to: tina_louise (Sep 22, 2011 4:27 am)
It's up to you if you want a trade-in check to blow or invest now, or have lower payments.
  
By steal your trade, I only meant to make sure the trade value is not missed in your deal.

#636 of 948 2011 Cadillac CTS Residual & Money Factor by dannyinomaha

Sep 22, 2011 (2:29 pm)

Car Man,
 
Would you know the residual and MF on a 2011 CTS AWD luxury, 10k miles per year lease?
 
How about the same for 2012?
 
Thanks.

#637 of 948 Re: 2011 Cadillac CTS Residual & Money Factor [dannyinomaha] by Car_man HOST

Sep 25, 2011 (5:06 pm)

Replying to: dannyinomaha (Sep 22, 2011 2:29 pm)
I certainly do dannyinomaha. Ally's current base lease rate and residual value for a 36 month lease of a 2011 Cadillac CTS Luxury AWD with 10,000 miles per year are 1.45% and 42%, respectively.
 
The numbers for an otherwise identical lease of a 2012 model are 0.95% and 49%.
 
When negotiating your lease on the CTS make sure to take the lease cash that is available on it right now into account.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 64 of 95

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