Last post on Aug 06, 2013 at 5:12 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Cadillac Escalade, Cadillac Escalade ESV, Cadillac Escalade EXT, Car Leasing, SUV
#97 of 305 Early Termination!
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!
#98 of 305 Re: 2008 Escalade Lease [longtom]
Feb 11, 2008 (6:01 pm)
If you dont mind can you share the dealership and sales person as would like to get a similar price.
#99 of 305 Re: 2008 Escalade Lease [longtom]
Feb 15, 2008 (3:26 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.
Prices Paid: Buying & Leasing Experiences Forum
#100 of 305 Re: Early Termination! [cdcruizer05]
Feb 15, 2008 (3:35 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.
Prices Paid: Buying & Leasing Experiences Forum
#101 of 305 2008 ESV Lease rates for 36 and 48 mo 12K/year
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.
#102 of 305 Need Advice Re: Early Lease Termination
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.
#104 of 305 Just starting to shop for a lease, Getting these numbers in Detroit.
Feb 19, 2008 (9:18 am)
This is for an '08 Escalade Ultra
24 months 15,000 miles
5.15% Money Factor
39 months 15,000 miles
4.40% Money Factor
Does it seem fair? This is my first attempt at going from Chevy to Cadillac. I must say, I'm experiencing a little sticker shock.
#105 of 305 2008 ESV Deal Evaluation - 3/8/08
Mar 08, 2008 (1:43 pm)
Car_Man or any Host:
I'm about to do the following deal - any input would be greatly appreciated. I'm in NY.
2008 ESV w/ Ultra Package - MSRP 69,625
39 Month/10K/Year 6.15% w/ 59% Residual
Paying Taxes, $695 Acquisition fee and other fees upfront.
Tax, 1st Month, Acquisition Fee & Other Fees: $4,565.65
Any feedback on this deal would be greatly appreciated. Thank you!
#106 of 305 Cadillac Escalade Lease
Mar 27, 2008 (12:08 pm)
I got a deal on a 2008 with 2,000 down 39 mos. 12,000 yr. With the 22" wheels and the pearl white, no navigation, no flip down dvd player, no heated steering wheel or electric running boards 745.00/mo incl. mich sales tax using gms pricing. I may wait I think the deals may get better, I hoping for 700/mo incl tax