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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 10 of 95

#87 of 945 Re: 2007 Cadillac CTS Lease [futurecaddyman] by Car_man HOST

Oct 31, 2006 (4:22 am)

Replying to: futurecaddyman (Oct 22, 2006 4:37 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
Host
Prices Paid Forum

#88 of 945 39 monthly lease for 2007 CTS w/ auto trans by caddyhova

Nov 01, 2006 (2:44 pm)

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.

#89 of 945 2007 Base CTS by ddelise

Nov 17, 2006 (10:30 am)

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

#90 of 945 Re: 39 monthly lease for 2007 CTS w/ auto trans [caddyhova] by Car_man HOST

Nov 29, 2006 (3:47 am)

Replying to: caddyhova (Nov 01, 2006 2:44 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
Host
Prices Paid Forum

#91 of 945 Re: 2007 Base CTS [ddelise] by Car_man HOST

Nov 29, 2006 (3:50 am)

Replying to: ddelise (Nov 17, 2006 10:30 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
Host
Prices Paid Forum

#92 of 945 Advice on 04 cts lease by bags

Dec 26, 2006 (3:29 pm)

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

#93 of 945 Re: 39 monthly lease for 2007 CTS w/ auto trans [Car_man] by caddyhova

Jan 01, 2007 (3:03 pm)

Replying to: Car_man (Nov 29, 2006 3:47 am)
hello again car_man,
the price was $29,500 + 595 gmac admin fee. please let me know what you think.
 
caddyhova

#94 of 945 Re: Advice on 04 cts lease [bags] by Car_man HOST

Jan 02, 2007 (4:30 am)

Replying to: bags (Dec 26, 2006 3:29 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
Host
Prices Paid Forum

#95 of 945 Re: 39 monthly lease for 2007 CTS w/ auto trans [caddyhova] by Car_man HOST

Jan 02, 2007 (4:39 am)

Replying to: caddyhova (Jan 01, 2007 3:03 pm)
Thanks for the additional information, caddyhova. OK, so you are considering leasing a 2007 Cadillac CTS 2.8L that has an MSRP of $31,605 and a selling price of $29,500. Given the fact that Cadillac is currently providing $2,145 bonus cash on the '07 CTS, the $2,105 discount that you are being given on this car is not very attractive unless you are able to have any available cash incentives subtracted from it. If you are in an area that has a decent level of competition, I suspect that you would be able to negotiate a selling price that is $500 or so over invoice before any cash incentives are taken into account. Shoot for a price that is more in that range and then have the dealer that you are working with use GMAC's base lease rate to calculate your car's monthly payment. Through January 2nd, GMAC's base lease rate for the 2007 CTS is 3.95%.
 
Car_man
Host
Prices Paid Forum

#96 of 945 Current Lease Offer on CTS Evaluation? by apocalypso

Jan 16, 2007 (9:41 pm)

Hi Car Man,
 
Here's the lease I was offered today:
 
2007 CTS
 
Sticker 40,280
Invoice 36,991
 
Offer price 38,167
 less -2,000 lease incentive (cap cost reduction)
Amount leased 36,167 plus tax, tags, docs
 
$1,000 down
 
12K miles/yr.
 
$702 for 24 months
$651 for 27 months
 
What do you think?

Messages Page 10 of 95

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