- #13 of 139
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Re: 2006 Escalade [jbratx]
by Car_man HOST
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May 18, 2006 (2:48 am)
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Replying to: jbratx (May 15, 2006 11:15 pm)
Hi jbratx. You never mentioned the selling price or MSRP of the Escalade that you are interested in leasing. These are important numbers 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 this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle 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 these numbers are.
Car_man
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- #14 of 139
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Re: Escalade Lease [Car_man]
by nycinnc
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May 18, 2006 (12:16 pm)
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Replying to: Car_man (May 18, 2006 2:45 am)
Hey Car Man,
We're looking at MSRP: $63395
Selling Price: $56,260
either 24 or 36 months. I'm thinking the most I would need is 15,000 miles/year, as I mainly drive on the weekends.
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- #15 of 139
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Re: Escalade Lease [nycinnc]
by mil6753
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May 27, 2006 (7:01 am)
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Replying to: nycinnc (May 18, 2006 12:16 pm)
Car Man:
Looking at Esclade with MSRP of 66110. Between gm supplier discount price and certificate received in mail, price would be 60025. Not sure if I can get below that. Interested in seeing residual % for 36 month lease 15K a year as well as what the money factor is.
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- #16 of 139
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Escalade Lease Price
by mil6753
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Jun 06, 2006 (6:38 pm)
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Car Man:
Looking at Esclade with MSRP of 66110. Between gm supplier discount price and certificate received in mail, price would be 60025. Not sure if I can get below that. Interested in seeing residual % for 36 month lease 15K a year as well as what the money factor is.
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- #17 of 139
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2007 ESCALADE EXTLEASE
by jaleen1994
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Jun 08, 2006 (4:34 pm)
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MY QUESTION WHAT ON THIS LEASE RIGHT UP ARE AREAS I CAN NEGOTIATE MORE. MSRP 57900.00 GMS PRICE 51636.83 RESIDUAL.69 LEASE FRCTR 7.45 TERM 27/12000 TRADE 25000.00 PAYOFF 19500.00 TAX 8.0 PURCHASE OPT 500.00 INIT PAYMENT 6205.95 580.70 MONTHLY WHAT AREA CAN I GO BACK IN AND TALK DOWN AND WHAT IS THE BEST POSSIBLE LEASE INTREST RATE OUT NOW FOR THESE VEHICLES. THANK U
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- #18 of 139
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Re: Escalade Lease [nycinnc]
by Car_man HOST
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Jun 09, 2006 (1:47 am)
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Replying to: nycinnc (May 18, 2006 12:16 pm)
Thanks for the additional info, nycinnc. OK, according to my calculations, if you were to lease a 2007 Cadillac Escalade with an MSRP of $63,395 and a selling price of $56,260 through GMAC right now for 24 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $910. The payment for an otherwise identical 36 month lease would be around $859.
Car_man
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- #19 of 139
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Re: Escalade Lease [mil6753]
by Car_man HOST
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Jun 09, 2006 (4:02 am)
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Replying to: mil6753 (May 27, 2006 7:01 am)
Here you go, mil6753. If you were to lease a 2007 Cadillac Escalade through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 6.95% and 55%, respectively. As you can see, GMAC uses lease rates instead of money factors to calculate the interest portion of lease payments. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
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- #20 of 139
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2006 Escalade
by jbratx
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Jun 09, 2006 (4:33 pm)
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Car_man,
I interested in purchasing a 2006 Cadillac Escalade the base model 2WD/Black Raven. The dealer quoted me a price of $45,000 after all the rebates w/ a MSRP $54,725. This price seems a little to good to be true is their something I'm missing. Consumer Reports bottom line price is $43,570. Could there be hidden profits I don't know about? Should I except this deal?
- Thank You
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- #21 of 139
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Re: Escalade Lease Price [mil6753]
by Car_man HOST
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Jun 11, 2006 (4:09 am)
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Replying to: mil6753 (Jun 06, 2006 6:38 pm)
Hi mil6753. Here's the info that you're looking for. If you were to lease a 2007 Cadillac Escalade through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 6.95% and 55%, respectively. As you can see, GMAC uses lease rates instead of money factors to calculate vehicles' lease payments. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
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- #22 of 139
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Re: 2007 ESCALADE EXTLEASE [jaleen1994]
by Car_man HOST
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Jun 11, 2006 (5:05 am)
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Replying to: jaleen1994 (Jun 08, 2006 4:34 pm)
Hi jaleen1994. since you are already getting the GMS price for the truck that you want, you can't negotiate any more on its selling price. The only other aspect of your deal that the dealer can profit from is its lease rate. GMAC's current base lease rate for a lease of an '07 Escalade EXT is 3.95%. As you can see, it appears as though the dealer you are working with is marking up your truck's lease rate to add additional back-end profit to your deal. This practice is fairly common, but can usually be avoided by consumers who confront dealers with vehicles' base lease rates.
Car_man
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