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Prices Paid: Buying & Leasing Experiences Cadillac Escalade Lease Questions
140 messages, Last post on Nov 19, 2009 at 2:59 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: bama12 (Apr 19, 2007 4:42 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (May 01, 2007 1:41 am)
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Replying to: bama12 (May 01, 2007 4:19 pm) Car_man Host Prices Paid Forum |
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Replying to: Car_man (Aug 31, 2005 2:18 am) I have a 2005 escalade that i pay $710 a month for. My lease is up this month and I am looking to roll into a new escalade (as fully loaded as possible). Here's my problem...for some odd reason I decided to get an 06 benz cls. I do love the car and i've had it over a year. however, my lease is up in june 08 on the benz and i'd like to roll that into the new escalade lease. I owe around 17k on the benz and would like to know what my options are. I'd like to do a 48-60 month lease on the new escalade so i can keep my monthly payments down. i just can't afford the benz and a new escalade and figured if i do a longer term lease, i'd be able to keep my payments under 1000 a month. Is it possible to do this? I'd like to be between 700-900 a month if possible. Any and all suggestions are greatly appreciated! I'm in South Florida and have no problem taking a lease from any dealership anywhere in the US as long as they can deliver the car. Unfortunately I have to take care of everything this week so if you can be of assistance, the sooner the better! Thanks again! Brian
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Replying to: 954brian (Jun 17, 2007 9:22 pm) |
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Anyone know if the lease cash has increased in light of the latest incentives GM introduced last week? Last time I looked there was $1500 cash-I know there is $750 additional GM employee bonus cash thru July 9. 2007, how or if this trickles down to leases is the question.
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Replying to: 954brian (Jun 17, 2007 9:22 pm) You can determine approximately how much it will cost you to get out of your CLS lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. If you do decide to lease a new Cadillac Escalade, definitely do so for 48 months instead of 60 months. GMAC's supported lease program on this truck is only available for up to 48 months. If you lease it for longer than this you will have probably have to pay a much higher interest rate. Car_man Host Prices Paid Forum |
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Replying to: shfawaz (Jul 02, 2007 12:14 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Jul 13, 2007 2:43 am) I just leased an '07 Cadillac Escalade on the 9th of July, just before the latest incentives expired. I chose a 10,000 low mileage 24 month lease. The MSRP of the vehicle was $65,200 before the factory $2500 sport package discount. The dealer used this amount in calculating the lease even though the actual sticker was $2500 less. My GMS price was $54,683.65. With no money down and using a 69% instead of the 70% residual, (this unit has the 22" wheels), the residual value came to $44,988. Adding in the $595 GMAC bank fee, and subtracting both the $1500 cap cost reduction and $750 in employee bonus cash, and using the 6.15% lease rate, I calculated my payment to be $669.86 with 6% sales tax, a very attactive monthly payment considering this to be a $65,000 vehicle and no money down. Yet the dealers system came up with a payment of $675.89. The dealer insists that our figures match (MSRP, GMS price, lease rate, residual, cap cost reductions), yet their system calculates a payment that is over $6 higher per month, or over $150 over the two years. How can it be possible that their system can be that much off? The first contract they trotted out for me to sign showed all the figures as I calculated them, but the payment was $705.65 which after close examination, it turned out that the rent charge (interest over the two years) reflected a 6.89% rate instead of the standard 6.15%. Once corrected, the payment came to $675.65. Any ideas why such a discrepency? I calculated the payment using several reliable online lease calculators, and in the past, those lease calculators proved to be accurate within pennies-not this time.
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