- #143 of 263
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Re: SRX Lease [harry1943]
by ericzoom
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Dec 14, 2007 (5:27 pm)
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Replying to: harry1943 (Dec 14, 2007 4:04 pm)
I'm still debating it. The dealer keeps calling me on it. Yours sounds like a better deal than mine. I don't know if the incentives are better
in Ohio than in Florida. Have u gone ahead with the offer?
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- #144 of 263
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SRX Lease
by harry1943
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Dec 15, 2007 (7:06 am)
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I gave them $500 and they will hold the car until Dec. 31. If I don't do it, I'm out the $$. I am 99% sure. I can't find anything better. I had one dealer offer $ 459/mo for the same car.
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- #145 of 263
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Re: SRX Lease [harry1943]
by ericzoom
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Dec 15, 2007 (7:27 am)
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Replying to: harry1943 (Dec 15, 2007 7:06 am)
I really don't want to give them any holding money. I figure the deal will be there at least for a little while. These vehicles don't seem to be flying off the lot. I also have a little time to kill, because i'm returning another GM van on a pull ahead lease. I feel to seal the deal in my case, i want to pay $400 a month including tax, with 1900 down. Does your $1500 down payment include 1st months and all other fees?
Mine does.
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- #146 of 263
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SRX
by harry1943
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Dec 16, 2007 (2:18 am)
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Yes, my $1500 includes first month of $410, tax, and, I think, license, title, etc.
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- #147 of 263
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Re: Latest Rates [smokiejoe]
by Car_man HOST
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Dec 20, 2007 (2:43 am)
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Replying to: smokiejoe (Nov 20, 2007 5:54 am)
Hey smokiejoe. GMAC's current base lease rate and residual value for a 39 month lease of a 2008 Cadillac SRX V6 with 12,000 miles per year are 4.0% and 51%, respectively. GM is providing $1,000 bonus cash plus $1,450 lease cash on this vehicle right now. The $1,000 conquest cash that you mentioned can be combined with these cash allowances, but I believe that it is only available to residents of GM's northeast region.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #148 of 263
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Re: 2008 SRX Lease [harry1943]
by Car_man HOST
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Dec 20, 2007 (3:03 am)
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Replying to: harry1943 (Dec 11, 2007 5:44 am)
Hi harry1943. The SRX that you are interested in probably has a spread of a little over $3,200 between its full MSRP and its dealer invoice price. Add to this the $1,000 bonus cash and $1,450 lease cash that General Motors is providing on this model right now and you have a total of around $5,600 to play with. It looks as though the selling price that you were quoted is at right around dealer invoice minus the available cash incentives. That is a very good deal. Just make sure that the dealer you are working with uses GMAC's current base lease rate of 4.0% to calculate your monthly payment and you're in business.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #149 of 263
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Re: 2008 SRX Lease [ericzoom]
by Car_man HOST
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Dec 20, 2007 (3:10 am)
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Replying to: ericzoom (Dec 14, 2007 1:34 pm)
Hi ericzoom. The SRX that you are interested in probably has a spread of around $2,800 between its full MSRP and its dealer invoice price. Add to this the $1,000 bonus cash and $1,450 lease cash and you have a total of around $5,250 to play with during your negotiations. It appears as though the selling price that you were quoted for this vehicle is around $1,000 over invoice. This isn't bad, but it is not as good as the deal that the previous posted mentioned. If you are in an area that has a decent level of competition, you might be able to shave another couple hundred dollars off of this vehicle's selling price. Once you arrive at a price that you are happy with, make sure that the dealer uses GMAC's current base lease rate of 4.0% to calculate your monthly payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #150 of 263
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Re: 2008 SRX Lease [Car_man]
by ericzoom
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Dec 20, 2007 (5:22 am)
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Replying to: Car_man (Dec 20, 2007 3:10 am)
Took the plunge on Monday.
Final numbers - 39 month / 10k miles yr. lease.
$ 1,639 down - includes 1st month and all other BS fees. Nothing else
out of pocket.
38 payments - $399 month. 
2008 SRX - RWD, Black with Utility package.
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- #151 of 263
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Re: 2008 SRX Lease [ericzoom]
by harry1943
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Dec 20, 2007 (6:38 am)
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Replying to: ericzoom (Dec 20, 2007 5:22 am)
Congrats!! It sounds like you did well! I'll pick mine up next week.
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- #152 of 263
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Re: 2008 SRX Lease [Car_man]
by harry1943
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Dec 20, 2007 (7:16 am)
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Replying to: Car_man (Dec 20, 2007 3:03 am)
car_man, thanks for the info. I think the rate on the lease will be between 3.5% and 4.5%. The salesman will get back to me. I'm picking up my SRX next week.
Thanks again for your input! I am happy with my deal. I currently lease a 2004 ML 350 and the SRX has more equipment and is a very nice ride!
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