- #147 of 254
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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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- #148 of 254
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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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- #149 of 254
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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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- #150 of 254
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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 254
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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 254
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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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- #153 of 254
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Re: 2008 SRX Lease [harry1943]
by ericzoom
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Dec 20, 2007 (7:43 am)
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Replying to: harry1943 (Dec 20, 2007 6:38 am)
Thanks. Good luck to u too. It sounds like your deal is even better than mine, considering you would be getting the Lux. package which is about 2500 more than the utility package.
I also had the 1639 dollar points built up on my GM card, which is what i used, so in essence it meant no out of pocket cash layout. 
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- #154 of 254
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Re: Latest Rates (Car Man)
by smokiejoe
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Dec 20, 2007 (9:04 am)
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Thanks Car Man:
I have Factory ordered a vehicle, (its built and on a Rail Car right now) and when working out the lease payments per your information posted, I look like I have a better deal. Also my dealer offered a 48 month 12K per yr. lease at a decent amount lower than the 39 month, so I went forward with the deal.
I have compared this vehicle to many other luxury vehicles out there and could not touch the deal that I worked out.
MDX, FX35, X3, MKX, RX350 all were $5K to $10K more dollars on overall deal with payments and out of pocket cash.
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- #155 of 254
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Re: Latest Rates (Car Man) [smokiejoe]
by ericzoom
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Dec 20, 2007 (11:01 am)
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Replying to: smokiejoe (Dec 20, 2007 9:04 am)
I didn't even think you can order a vehicle anymore, especially for a lease. They usually want to deal from stock. Of course the lease payment will be lower with a longer term.
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- #156 of 254
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Re: Latest Rates (Car Man) [ericzoom]
by smokiejoe
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Dec 20, 2007 (12:04 pm)
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Replying to: ericzoom (Dec 20, 2007 11:01 am)
Dealers will usually guide you to a stock or a "locate vehicle", but if you are a non-conformist and persistant they will order you a vehicle.
Also I wanted a little different option combination on an SRX Sport package vehicle.
I knew they could not locate one. I also won't have to pay any extra floor plan inventory costs..
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