Last post on Dec 02, 2013 at 12:39 PM
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Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#803 of 976 Re: 2012 CTS Coupe RWD (Base) [Car_man]
Aug 10, 2012 (6:36 pm)
I am looking to lease a 2012 cadillac cts coupe performance package.
Dealer is telling me he is giving me a $3725 rebate & $2000 for conquest lease rebate for total of $5725.00
Selling price $38,973
lease quote of $393 plus tax for 12,000 miles 24 month lease with Ally.
Residual is 65%
Dealer says wants to move car and doesnot want me to buy from dealership closer to my home. Is this a good deal or can I get him to lower price below invoice and then apply rebates.
My current lease is up october 1 but this program expires end of month and not alot of 2012 vehicles to choose from so looking to make a move.
Would really appreciate your advise.
#804 of 976 Re: CTS Sedan/Lease rates-cash incentive [Car_man]
Aug 14, 2012 (6:38 pm)
Thank you so much!
#805 of 976 Re: Cadillac CTS: Lease Questions [Car_man]
Aug 18, 2012 (11:07 am)
Hope this helps those looking to lease. I just leased my CTS Lux in June. MSRP $41,600. Out of pocket $560. 1st mo. lease $435 + tax. Term 39 months, 12,000 miles year. End of lease purchase $20,500. Bottom line, lease rate a smidge over 1%, end of lease buy 50%. I feel Cadillac very competitive. Good luck, GiGi
Aug 19, 2012 (8:17 pm)
I am ready to lease 2012 cts coupe performance model sticker price is 46745 invoice is 44223 If I can purchase at invoice before any lease / cash rebates what would be reasonable lease payment for 39 months/30000 miles with no money down. Can do by end of August or can wait till better deal. Thanks for help
#807 of 976 CTS sedan and wagon lease rates
Aug 20, 2012 (8:40 am)
Could you provide the 24 month rate, residual and CCR for the following vehicles?
CTS-V sedan and wagon
CTS Premium 3.6 sedan and wagon
#808 of 976 Re: lease info [newctscoupe]
Aug 21, 2012 (1:51 am)
I am leasing a 2012 cts coupe performance model with msrp $45840, invoice is $44,314 for $44011 less $5725 rebates.
With inceptions of $1916 which includes first month payments are $409.76 tax included for 24 months/12,000 miles per year. 10,000 miles would be about $20 month less. Total lease payout is $11,340 for 2 years
With 500 down, payment increased to $473 but total payout increased by $500 over life of lease which I dont want to pay.
Dealer worked the numbers all ways and 36 month figures were higher than 24 because of incentives and or residual.
I still have lease on my current car so dealer allowing me to take car on last day of month and start pay at that time. Doing this now because current program ends on September 4 and very few cars left with color and few added options. I even found one without sunroof which I didnt want because I never use it.
#809 of 976 Re: lease info [lihpa]
Aug 21, 2012 (4:52 am)
Thanks lihpa for info
I have been talking to a few dealers and the best lease price is 2 years like you said. The dealer said they can do 2 year lease/10000 miles a year with no money down just first payment of 426.00 I have not seen breakdown of numbers yet. Sticker price is 46745 invoice is 44223
#810 of 976 Was I overcharged slaes tax on my leaase?
Aug 23, 2012 (10:27 am)
I leased a new Cadillac CTS 2 months ago in Florida. My understanding is that in FL the taxes are built into the monthly lease payement. But looking at the lease aggreement, There is a line entry for $623.60 for Sales and use tax. So now I am wondering if either the dealer made a mistake, or overcharged me on purpose.
Here are the details:
Gross Cap Cost=38,769.04
Cash Down=3,331.15 Used to lower monthly payment
So total paid at lease signing was 10,030.00 (7,672.95 of it is cap cost reduction)
Monthly payment is 299.95 plus 21.00 Tax for a total of 320.95 per month x 39 months.
So my question and concern is a line entry in the total paid at lease signing of 623.60 labled Sales/Use tax.
I am unsure why its there if I am paying the tax of 21 dollars monthly.
Is this 623.60 sales tax charge legitimate?
#811 of 976 Re: Was I overcharged slaes tax on my leaase? [vinspe]
Aug 23, 2012 (10:15 am)
I think the amount you may be referring to is tax you have to pay on the rebate. As the general manager explained to me, you get the rebate from cadillac, ally etc, but you have to pay sales tax on the rebate.
I think this may be the explanation.
#812 of 976 Re: Was I overcharged slaes tax on my leaase? [lihpa]
Aug 23, 2012 (11:55 am)
Thanks for the reply!
Thats the explanation I got too....But at a 7% tax rate, that amount is a tax on about $8,900. Rebates only amounted to $6698. ($4k from GM , and $2698 from my GM card).
The sales tax amt (if really valid) should be $468.86, not $623.60.
This is why I am questioning the tax all together as it does not add up.
I will be going to pay them a visit tomorrow and have them make sense of this discrepency.
I am also thinking why should I be taxed on the whole rebate as I am not buying the car...only leasing it. Should I not be taxed only on the portion I am leasing?