- #176 of 254
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Re: Car Man (lease question please) [aureachase]
by Car_man HOST
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Feb 19, 2008 (2:18 am)
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Replying to: aureachase (Feb 15, 2008 7:14 pm)
I'd be happy to help you out, aureachase. GMAC;s current base lease rate and residual value for a 27 month lease of a 2008 Cadillac SRX V8 with 15,000 miles per year are 4.0% and 62%, respectively. the numbers for an otherwise identical 39 month lease are 4.0% and 52%. As you can see, GMAC publishes lease rates instead of money factors for vehicles. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. You can do 24 and 36 month leases of Cadillacs if you want. The residual values for 24 and 36 month leases are 1% lower.
15,000 miles per year is the highest mileage allowance that GMAC publishes residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.
When negotiating your lease, make sure to take the $1,450 lease cash that General Motors is currently providing on this model into account.
Car_man
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- #177 of 254
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Car Man (yet another lease question)
by tcw1965
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Feb 28, 2008 (10:59 am)
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I just came from my dealer and here were the numbers I was quoted there for a 2008 SRX 39 month lease with 12,000 miles/year -- 4% lease rate, residual of 54% and lease cash of only $950. Please let me know if these are accurate numbers for SE Michigan and if not, what the actual numbers are. Thanks.
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- #178 of 254
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Re: Car Man (yet another lease question) [tcw1965]
by ericzoom
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Feb 28, 2008 (1:24 pm)
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Replying to: tcw1965 (Feb 28, 2008 10:59 am)
So what were the total numbers they gave you ?
Down payment, monthly amount, Negotiated price?
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- #179 of 254
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Re: Car Man (yet another lease question) [ericzoom]
by tcw1965
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Feb 28, 2008 (2:35 pm)
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Replying to: ericzoom (Feb 28, 2008 1:24 pm)
I never negotiate on payment of any kind, so the other numbers i'm fine with. I have just seen on here that there is $1450 lease cash and the dealer checked and said that there is only $950. Also, on here I've seen that the residual for 39 mos w/ 12,000 miles is 55%, but he says that it's 52% for 36 mos w/15,000 miles less 1% for the additional 3 months, but plus 3% for 12,000 miles = 54% ( not 55%). He also verified the 4% rate. I was just trying to find out why there is the 1% difference on the residual value and the $500 difference on lease cash. thanks.
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- #180 of 254
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SRX Lease
by sheepdog1
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Mar 12, 2008 (8:30 pm)
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Hey Carman my 24 mo SRX lease is almost up, what are the latest programs in FL, 24, 39 mo, low mileage leases?
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- #181 of 254
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help w/lease pricing
by hamom
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Mar 31, 2008 (5:02 pm)
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Hi..I am interested in a 2008 SRX...AWD, luxury package.....can you please help
me with a "good" price for a lease on this. I would be looking for 15K miles a year for 36 or 39 months..whatever is better....no money down...except for taxes and fees. I live in NJ..tax is 7%. Thanks!
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- #182 of 254
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Is this a good lease deal?
by hamom
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Apr 01, 2008 (3:38 pm)
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here are the numbers I have...
39 mo. lease, 15K miles a year. Luxury Premium Collection, AWD, utility package, 18 inch wheel package.
$622.38 a month
due at signing
622.38-first months payment
$125 doc. fee
$7.50 tire fee
$180 luxury tax (required in NJ on cars over $45k?)
total: 934.50
Thoughts?
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- #183 of 254
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Re: Car Man (yet another lease question) [tcw1965]
by Car_man HOST
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Apr 07, 2008 (1:18 am)
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Replying to: tcw1965 (Feb 28, 2008 10:59 am)
Hey tcw1965. According to the latest information that I have seen, GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Cadillac SRX with 12,000 miles per year are 4.0% and 55%, respectively. I believe that GM is only providing $950 lease cash on this model right now, but it did introduce an additional $500 owner loyalty cash on leases of it this month.
Car_man
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- #184 of 254
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Re: SRX Lease [sheepdog1]
by Car_man HOST
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Apr 07, 2008 (1:21 am)
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Replying to: sheepdog1 (Mar 12, 2008 8:30 pm)
Hey sheepdog1. You must have liked your last SRX if you are in the market for a new one. One of my relatives has one and they really like it. GMAC's current base lease rate and residual value for a 24 month lease of a 2008 Cadillac SRX V6 with 12,000 miles per year are 4.0% and 64%, respectively. The numbers for an otherwise identical 39 month lease are 4.0% and 54%. If you were to lease with only 10,000 miles per year, this vehicle's residual values would be 2% higher. When negotiating your lease on it, make sure to take the $950 lease cash and $500 owner loyalty cash that you obviously qualify for into account. They will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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- #185 of 254
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Re: help w/lease pricing [hamom]
by Car_man HOST
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Apr 07, 2008 (1:28 am)
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Replying to: hamom (Mar 31, 2008 5:02 pm)
Hello hamom. This vehicle's lease payment will vary depending upon what its MSRP and selling price are. You never mentioned either of these numbers in your post, so I will have to make some assumptions to work up a sample lease payment for you. For now I will assume that you want to lease a 2008 Cadillac SRX V6 with the Luxury Package that has an MSRP of $42,265 and a selling price of $39,212 ($1,000 over invoice minus the $950 lease cash). If you are able to negotiate a lower selling price than this, your truck's monthly payment will be lower and vice versa. According to my calculations, if you were to lease a truck that has these prices through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $581. The payment for an otherwise identical 39 month lease would drop to around $555. I definitely would go with the 39 month term if I was in the market for this truck.
Car_man
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