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Prices Paid: Buying & Leasing Experiences Cadillac Escalade Lease Questions
129 messages, Last post on Sep 24, 2008 at 3:04 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: 954brian (Jun 17, 2007 10:22 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 10:22 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 1:14 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Jul 13, 2007 3:43 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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Replying to: shfawaz (Jul 13, 2007 4:17 am) Car_man Host Prices Paid Forum |
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Hey Carman, I need some help. I will be getting a new 07 Escalde next month through the GM PEP program. It's a company car with MSRP at 66985.00 and depending on the miles that I get the vehicle delivered to me the cost will be; PEP1 1-3,000 (miles) $56770.75 PEP2 3,001-6,000 $55059.10 PEP3 6,001+ $53062.18 It says in the program that I can also get whatever incentives are out there at the time. Could you give me a rough lease breakedown with these prices and 15k miles month? Thanks -Dariel
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Hello, I'm a newbie here and in the market for an 07 Escalade. I was at the dealership today and here's what they told me. Sticker Price: $64,160 Cash Back: Up to $8000 (Never stated the exact amount I was getting) Monthly payment before taxes: $805 This was for a 36mo lease with 12k miles. Does this sound right? Anyone know what the current money factor and residual value is? Appreciate any help. Thanks
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Can the $1500 lease incentive be used with the $3000 cash incentive? I am looking to lease a 2007 ESV and wanted to make sure I was getting all my cash back. Also what are the current lease rates for both 24 and 39 months? Thanks for any help.
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Hi Carman, Are the 2008 Escalade ESV residuals better than the 2007? What are they compared to the 2007? I'm looking at either 24 or 39 months and was trying to decide which would be the best way to go. Thanks for any help.
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