- #85 of 372
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2007 Cadillac CTS Lease
by futurecaddyman
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Oct 22, 2006 (3:37 pm)
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Is this a deal?!? I think so...
loaner 2007 Cadillac CTS - basic (no sports package)
Black on Black
MSRP $31575
Sale Price 28490
Net 26345
Tax (6.25%) 1646.56
Vehicle Inventory Tax 65.52
Documentary Fee 50.00
Deputy Fee 5.00
License, Xfer, Title, Registration fees 103.80
Inspection 21.75
Total Cash Price 28237.63
Up front down $3000
38 months
10K miles/yr.
4000 miles on car, get 32500 total
282.86/month
Also have $800 ish on GM card credits - that applies to sale price of vehicle?!?
From Sewell in Dallas
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- #86 of 372
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Re: 2007 Cadillac CTS Lease [futurecaddyman]
by caddyhova
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Oct 30, 2006 (7:27 pm)
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Replying to: futurecaddyman (Oct 22, 2006 3:37 pm)
i got a similar deal but it was brand new with 6 miles on it with msrp of $31605 before all the rebates. i paid $2800 due at lease signing with 38 more payments of $263 + tax = $287 per month. i spoke with 5 different dealers in philly area and finally found one that made this deal. i love the car. goodluck.
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- #87 of 372
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Re: 2007 Cadillac CTS Lease [futurecaddyman]
by Car_man HOST
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Oct 31, 2006 (3:22 am)
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Replying to: futurecaddyman (Oct 22, 2006 3:37 pm)
Hi futurecaddyman. I believe that the dealer invoice price for a base 2007 Cadillac CTS 2.7L with an automatic transmission is around $29,473. As you can see, the selling price that you were quoted is around $1,000 under dealer invoice. The dealer was able to arrive at this price by using the $2,145 bonus cash that is currently available on all Cadillac models. So, this price is really more like $1,045 over invoice, which isn't bad for a brand new car, but I personally would want a little larger discount for one that already has $4,000 miles on it. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Cadillac CTS: Prices Paid & Buying Experience". Any GM card points that you have can be used as a down payment to reduce the capitalized cost of the car that you want.
Car_man
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Prices Paid Forum
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- #88 of 372
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39 monthly lease for 2007 CTS w/ auto trans
by caddyhova
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Nov 01, 2006 (1:44 pm)
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car_man, would you consider this a good deal? brand new with 6 miles on it with msrp of $31605 before all the rebates. $2800 due at lease signing with 38 more payments of $263 + tax = $287 per month. after i negotiated price i traded in my junker for $1500. i spoke with 5 different dealers in philly area and finally found one that made this deal. i love the car.
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- #89 of 372
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2007 Base CTS
by ddelise
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Nov 17, 2006 (9:30 am)
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Car_Man -
This is in Tampa, FL.
Can you provide the lease factor, residual percentage, and incentives for a 36 or39 month lease at 12k miles/year?
Thanks! Damon
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- #90 of 372
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Re: 39 monthly lease for 2007 CTS w/ auto trans [caddyhova]
by Car_man HOST
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Nov 29, 2006 (2:47 am)
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Replying to: caddyhova (Nov 01, 2006 1:44 pm)
Hi caddyhova. 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 its selling price is.
Car_man
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Prices Paid Forum
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- #91 of 372
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Re: 2007 Base CTS [ddelise]
by Car_man HOST
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Nov 29, 2006 (2:50 am)
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Replying to: ddelise (Nov 17, 2006 9:30 am)
Here you go, Damon. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac CTS 2.8L with 12,000 miles per year are 3.95% and 54%, respectively. The lease rate for an otherwise identical 39 month lease would be the same, but its residual value would be 1% lower. When negotiating your lease one this car, make sure to take the $2,145 bonus cash that GM is currently providing on it into account. This cash will help you to negotiate an attractive capitalized cost.
Car_man
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Prices Paid Forum
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- #92 of 372
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Advice on 04 cts lease
by bags
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Dec 26, 2006 (2:29 pm)
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Hi CarMan,
Really appreciate your honest and helpful answers. I have an 04 cts and 48 mo. lease. I love the car. I've been thinking of buying it when the lease is over...(17 months from now). Lots of people tell me that's not smart. The car will have about 40,000 miles on it at lease end. Would it be smarter to just lease a new one at that time?
Thanks,
Bags
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- #93 of 372
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Re: 39 monthly lease for 2007 CTS w/ auto trans [Car_man]
by caddyhova
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Jan 01, 2007 (2:03 pm)
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Replying to: Car_man (Nov 29, 2006 2:47 am)
hello again car_man,
the price was $29,500 + 595 gmac admin fee. please let me know what you think.
caddyhova
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- #94 of 372
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Re: Advice on 04 cts lease [bags]
by Car_man HOST
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Jan 02, 2007 (3:30 am)
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Replying to: bags (Dec 26, 2006 2:29 pm)
Thanks Bags. Whether it is a good idea to purchase your CTS at the end of your lease all depends upon what its purchase price is. If you can purchase a car that you know the history of at a price that is in line with or less than what you would have to pay for a similar car on the open market then you might want to consider buying your it. If your purchase option price is much higher than it would cost you to purchase an equivalent used CTS then you should just walk away from your lease and lease or buy something else. The contract that you signed when you originally leased your car will have its lease-end purchase price printed on it. When you are close to the end of your lease, place a call to GMAC or whichever bank you are leasing it through and see if they would be willing to negotiate your car's price. There's no guarantee that they will be willing to do so, in fact more often than not banks won't, but it's worth a shot.
Car_man
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Prices Paid Forum
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