Last post on Dec 12, 2013 at 7:33 PM
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Cadillac CTS, Cadillac CTS-V, Car Leasing, Sedan
#91 of 980 Re: 2007 Base CTS [ddelise]
Nov 29, 2006 (2:50 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.
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#92 of 980 Advice on 04 cts lease
Dec 26, 2006 (2:29 pm)
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?
#93 of 980 Re: 39 monthly lease for 2007 CTS w/ auto trans [Car_man]
Jan 01, 2007 (2:03 pm)
hello again car_man,
the price was $29,500 + 595 gmac admin fee. please let me know what you think.
#94 of 980 Re: Advice on 04 cts lease [bags]
Jan 02, 2007 (3:30 am)
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.
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#95 of 980 Re: 39 monthly lease for 2007 CTS w/ auto trans [caddyhova]
Jan 02, 2007 (3:39 am)
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%.
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#96 of 980 Current Lease Offer on CTS Evaluation?
Jan 16, 2007 (8:41 pm)
Hi Car Man,
Here's the lease I was offered today:
Offer price 38,167
less -2,000 lease incentive (cap cost reduction)
Amount leased 36,167 plus tax, tags, docs
$702 for 24 months
$651 for 27 months
What do you think?
#97 of 980 Re: Current Lease Offer on CTS Evaluation? [apocalypso]
Jan 26, 2007 (11:10 am)
You didn't ask my opinion, so I hope I won't offend you by offering it anyway. $702/month seems way out of whack unless the residuals on the 2007 have dropped through the floor. I'd be surprised if you couldn't knock $100/month off that deal.
If you're not tied solely to the CTS, $700/month plus $1,000 will lease you a whole lot more than a $40k CTS. For example, you could get a loaded: BMW 335, Lexus IS350, or Mecedes C350 and probably get change back from your $1,000 bill. I've seen lightly optioned Corvettes lease for less. If you really love the CTS, you could actually buy it for less than the lease deal you were offered.
Just my opinion, but I would run away from that deal...
#98 of 980 Re: Current Lease Offer on CTS Evaluation? [apocalypso]
Feb 01, 2007 (2:33 am)
Hi apocalypso. The selling price that you were offered this car for is $1,176 over dealer invoice. This isn't bad, but there's still some room to play with so it wouldn't hurt to shop around with another Cadillac dealer or two to see if you could beat this deal. You also should stop by the following discussion to see how much other community members have paid for similar cars lately: "Cadillac CTS: Prices Paid & Buying Experience". The $2,000 lease cash that you were told about is correct. Just make sure that the dealer that you are working with is using GMAC's base lease rate of 3.95% to calculate your car's monthly payment.
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#99 of 980 New to leasing
Feb 16, 2007 (9:27 pm)
I'm new to leasing and was wondering what is the difference is between Lease cash and Bonus cash? How do they factor in to a lease deal? In other words, do you make the best deal you can, and then subtract each from that negotiated price?
Also, where could I find the current lease cash, bonus cash, base lease rate and residual value for a 2007 3.8L CTS?
Feb 19, 2007 (9:42 am)
MSRP 31330 2415 down 24 months 299 per month 10K do you think this is a good deal