- #177 of 242
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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 242
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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 242
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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 242
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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 242
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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 242
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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 242
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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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Prices Paid: Buying & Leasing Experiences Forum
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- #184 of 242
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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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Prices Paid: Buying & Leasing Experiences Forum
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- #185 of 242
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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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Prices Paid: Buying & Leasing Experiences Forum
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- #186 of 242
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Re: Is this a good lease deal? [hamom]
by Car_man HOST
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Apr 07, 2008 (1:30 am)
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Replying to: hamom (Apr 01, 2008 3:38 pm)
Hi hamom. Please see my previous post. IF you provide me with this truck's full MSRP and selling price I can give you a detailed analysis of the specific deal that you were quoted.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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