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Cadillac Escalade Lease Questions

139 messages,  Last post on Nov 04, 2009 at 3:53 AM

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What is this discussion about? Cadillac Escalade, Cadillac Escalade ESV, Cadillac Escalade EXT, Car Leasing, SUV

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#93 of 139 2008 Escalade ESV lease terms by escaladeleasee Dec 28, 2007 (2:33 pm)
Hi....just went to dealer to check on the Escalade ESV for the wife. MSRP was $68,370.....Dealer reduced cap cost to $62,423. 39 months 6.1% APR... 54% Lease end value = $36,919...15,000 miles per year. The deal came to $909/month + $45 for taxes.....$955 total.   Couple of questions to those who may have gone this route: 1. The cap cost # seems high to me from what I've been reading in this blog. What would be a good # to shoot for here? 2. I shouldve done this at dealer but didn't - on a 24 month lease can anyone tell me using the above #s what the monthly payment would be? I'm not sure what percentage would be used for Lease End Value.....   thanks! Replies to this message: Car_man (Jan 14, 2008 2:52 am)
#94 of 139 Re: 2008 Escalade Lease [eanderson406] by escaladeleasee Dec 28, 2007 (2:34 pm)
Replying to: eanderson406 (Nov 20, 2007 9:20 am) See my post - #93......i just went to dealer today and i got 6.1% .....what did your dealer give you for a lease end value and Adjusted Cap Cost?
#95 of 139 Re: 2008 Escalade ESV lease terms [escaladeleasee] by Car_man HOST Jan 14, 2008 (2:52 am)
Replying to: escaladeleasee (Dec 28, 2007 2:33 pm) Greetings escaladeleasee. The Escalade that you are interested in probably has a spread of around $5,500 between its full MSRP and its dealer invoice price. Plus, General Motors is providing $850 lease cash on it right now. This gives you a total of around $6,350 to play with. You were quoted a discount of right around $5,950 on this truck. That looks like an excellent selling price to me. The 6.1% lease rate that you were quoted is right in line with GMAC's base rate for this truck. If you like it, I personally don't see any reason not to pull the trigger on this deal.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#96 of 139 2008 Escalade Lease by longtom Jan 22, 2008 (5:15 am)
Car Man, Your thoughts on the below.   2008 Escalade MSRP = $67380 Selling Price = $63400 Res = 57% 39 Months 15K miles Payment = $849.00   Can i do better? Is my math correct when i calculate it at a 3.75% money factor. I forgot to ask the dealer but can this be a correct money factor? If not how are they getting to $849 payment and can i get it lower?   Thanks. Replies to this message: arahmed (Feb 11, 2008 6:01 pm) Car_man (Feb 15, 2008 3:26 am)
#97 of 139 Early Termination! by cdcruizer05 Jan 27, 2008 (1:04 am)
My Grandfather leased a 2007 Cadillac Escalade in Jun 06. He now wants to trade it in on a new truck, the lease was for 48 months! My question is what is going to happen once he tries to do this and could he trade the Caddy in and not lease the truck or does he has to lease itI think he wants to buy the truck outright!   Oh his payment was $795 a month! If curious! Replies to this message: Car_man (Feb 15, 2008 3:35 am)
#98 of 139 Re: 2008 Escalade Lease [longtom] by arahmed Feb 11, 2008 (6:01 pm)
Replying to: longtom (Jan 22, 2008 5:15 am) Longtom   If you dont mind can you share the dealership and sales person as would like to get a similar price.   Thanks
#99 of 139 Re: 2008 Escalade Lease [longtom] by Car_man HOST Feb 15, 2008 (3:26 am)
Replying to: longtom (Jan 22, 2008 5:15 am) Hi longtom. The Escalade that you are interested in likely has a spread of a little over $5,500 between its full MSRP and its dealer invoice price. Add to this the $850 cash incentive that is available on leases of this truck through GMAC and you have a total of $6,350 to play with. You were quoted a discount of just under $4,000. That is probably still more than $2,000 over invoice. If you are in an area that has a decent level of competition, you should be able to better than that. I personally would shoot for a selling price of $500 to $1,000 over invoice. That means another $1,000 to $1,500 off the selling price that you're at now. Furthermore, GM just introduced a special $1,000 President's Day incentive on the '08 Escalade yesterday. That means you might be able to do $2,000 to $2,500 better than this by shopping around.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#100 of 139 Re: Early Termination! [cdcruizer05] by Car_man HOST Feb 15, 2008 (3:35 am)
Replying to: cdcruizer05 (Jan 27, 2008 1:04 am) Greetings cdcruizer05. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, your Grandfather would need to purchase the Escalade that he is currently leasing from the bank that he is leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost him to get out of his lease by comparing its purchase price to its value on the open market at this time. You or he should place a call to the bank that he is leasing his vehicle through to find out its exact price. Once you know exactly how much money it is going to cost him to buy his leased vehicle you need to compare it to its current value on the open market. You can find out approximately what the Escalade is currently 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 he is still on the hook for his remaining lease payments. The difference between the leased vehicle's current value and how much it will cost him to buy it plus any remaining lease payments that he is obligated to pay will be the cost of getting out of the lease right now. You may find that he is better off waiting until you are closer to the scheduled end of his lease to get another new vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#101 of 139 2008 ESV Lease rates for 36 and 48 mo 12K/year by srf2 Feb 17, 2008 (5:02 am)
Can anyone tell me the current lease rate and residual value % from GMAC for a 2008 ESV for both 36 and 48 months on the 12K/year lease? Thank you. Replies to this message: Car_man (Apr 04, 2008 3:20 am)
#102 of 139 Need Advice Re: Early Lease Termination by joey87 Feb 18, 2008 (7:38 pm)
My husband has secured a loan on a 05 Infiniti b/c he is bent on turning in his recently leased 2008 Toyota Tundra. I think this is a very bad idea & I am uneasy about this. He states that he is "just taking it back to the dealership" like its no problem. Please advise me of any and all repercussions in doing this. I believe that this is going to hurt him in the future and definitely will ruin his already bad credit. Replies to this message: kyfdx (Feb 19, 2008 3:54 am)

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