- #74 of 372
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Re: Question about incentives and credit score [aph]
by Car_man HOST
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Aug 15, 2006 (2:25 am)
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Replying to: aph (Aug 04, 2006 1:19 am)
Hello aph. Consumers' credit scores do not have any impact upon the cash incentives that are available on vehicles. They only impact the interest rate that you will be charged if you want to finance or lease. This is a moot point anyhow because I do not believe that the aforementioned dealer cash is compatible with GMAC's special lease program for this model. GMAC is usually fairly lenient in who it approves for its special finance and lease offers. While I cannot say for certain, I suspect that there is a very good chance that you will qualify for GM's special lease program for the CTS.
Car_man
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- #75 of 372
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Re: Quote [aph]
by Car_man HOST
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Aug 15, 2006 (2:36 am)
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Replying to: aph (Aug 04, 2006 12:43 pm)
Hi aph. The 3.95% lease rate that you were quoted for this car is right in line with GMAC's current base lease rate for it. This is always a good thing. While GM is providing $3,000 customer cash on the '06 CTS right now, its normal customer cash incentives are not compatible with special leases through GMAC. GM has special lease cash incentives that are compatible with leases through GMAC. Its current lease cash allowance on the '06 CTS 2.8L is $2,800. The "Administrative Fee" that you were quoted is too high though. GMAC charges a $595 acquisition fee on every vehicle that it leases. You shouldn't have to pay any more than that. $500 over dealer invoice minus the $2,800 lease cash for a car that this dealer has to swap for is a very reasonable deal. I'm not sure why the prices that the dealer you are working with mentioned are different than the prices that you saw listed here though. The "older" MSRP excuse really doesn't fly. When GM reduced the MSRPs of its cars in mid-January it gave dealers dealer cash on their existing inventory to make up for the difference. Any '06 CTS 2.8L that this dealer has had in inventory prior to the price reduction would be eligible for $803 dealer cash.
Car_man
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- #76 of 372
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Re: $299 Money Factor [dman090]
by Car_man HOST
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Aug 15, 2006 (2:38 am)
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Replying to: dman090 (Aug 07, 2006 10:43 am)
Hi dman090. GMAC's current base lease rate for the 2006 Cadillac CTS is 3.95%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 3.95% would be equivalent to a money factor of around .00165.
Car_man
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- #77 of 372
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Re: 2005 CTS [cme2c]
by Car_man HOST
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Aug 15, 2006 (3:42 am)
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Replying to: cme2c (Aug 07, 2006 4:47 pm)
Hi cme2c. Earlier this year General Motors provided dealers with a $1,750 final dealer cash payment for any 2005 Cadillac CTS models that they had remaining in inventory. GMAC is no longer leasing '05 models. You might be able to find an independent bank that would lease you this car, but this late in the model year I doubt it. If you really want an '05 CTS you will have to finance it through an independent bank or pay cash for it. If you want to lease, you would be better off going with a 2006 model. It has larger cash incentives available on it, a special lease rate, and higher residual values than an '05 model would.
Car_man
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- #78 of 372
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2006 CTS-V Lease Numbers
by andre1
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Aug 29, 2006 (1:13 pm)
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Car_Man,
It appears that GM is offering $4000 customer cash on all 2006 CTS-V's. How much of that customer cash is eligible to be used if I lease the vehicle? Also, what are the August lease rates(money factor, residual) on 2006 CTS-V for 24 and 36 months for 12K and 15K miles per year. Thanks.
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- #79 of 372
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CTS-V
by carlaw1
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Aug 30, 2006 (10:39 pm)
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Car_man,
I am looking for the same information on the CTS-V. Thanks again.
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- #80 of 372
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Re: Lease numbers for 2006 CTS (Demo car) 3.6 L Automatic [Car_man]
by ctsordie
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Aug 31, 2006 (1:57 pm)
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Replying to: Car_man (Aug 15, 2006 2:19 am)
Car_man
Is it true that gmac REQUIRES a drive off? What is the best way to lease a CTS for $299/mo with $0 down...do you think that's possible or way off course?
Here is the response from the dealership when I inquired about leasing a black 2006:
OK I have one 06CTS blk on blk sunroof,luxury pkge 6cd,navigation, manager demo
3 year lease
1500 drive off
376 + tax = 407
its a Great Deal below invoice
if not would you like a 2007 but it would be much more
im trying to help
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- #81 of 372
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Re: Lease numbers for 2006 CTS (Demo car) 3.6 L Automatic [radioative2006]
by ctsordie
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Aug 31, 2006 (3:35 pm)
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Replying to: radioative2006 (Aug 03, 2006 8:24 am)
This looks like a very good deal to me, especially since it's the 3.6L. How did you get them to give you such a high residual value, and cap cost reduction, was that incentive? Did you end up with the car and are you happy with it?
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- #82 of 372
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Re: 2006 CTS-V Lease Numbers [andre1]
by Car_man HOST
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Sep 18, 2006 (3:38 am)
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Replying to: andre1 (Aug 29, 2006 1:13 pm)
Hey andre1. Unfortunately, the customer cash that General Motors is providing on the 2006 Cadillac CTS is not compatible with special leases through GMAC. GM is providing $2,600 lease cash on the 2006 CTS-V though. GMAC's current base lease rate and residual value for a 24 month lease of a 2006 CTS-V with 15,000 miles per year are 3.95% and 63%, respectively. The numbers for an otherwise identical 36 month lease of this car are 3.95% and 52%. With 12,000 miles per year, its 24 month residual value would be 2% higher and its 36 month residual would be 3% higher.
Car_man
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- #83 of 372
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Re: CTS-V [carlaw1]
by Car_man HOST
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Sep 18, 2006 (3:39 am)
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Replying to: carlaw1 (Aug 30, 2006 10:39 pm)
Hi carlaw1. Check my previous post for the info that you're looking for. Let me know if you have any other questions.
Car_man
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