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Cadillac SRX, Car Leasing, SUV
#494 of 643 Re: 2012 SRX Luxury Lease [Car_man]
Oct 29, 2011 (1:37 pm)
I'm negotiating a lease on a 2012 SRX Luxury. I Negotiated the price then ask for the Ally 3.1% lease mentioned here and on Cadillac Web Site.
The dealer came back with 4.1% lease, saying because I got a good price on the car, he can't give me the good lease rate too?
I didn't think the dealer controlled the lease rate? But it may have something to do with the $1325 incentive?? Any help. We were trying to do before end of Oct to take advantage of low lease interest rate, but ??why if we can't get the low rate?
#495 of 643 cadillac 2012 SRX lease help
Nov 11, 2011 (9:26 am)
I am about to lease the BASE srx 2012 (black ice color) and got the following deal. $2000 down, 39 months, 10k per year, $375 per month (including tax). I will be trading in my lexus rx330 (2005) with 74k miles on it and they are giving me $14,500 for it. I don't know what the lease rate or residual value will be but does it matter if I am NOT going to be buying this car in the end? It seems like a pretty good deal altogether. Are there other questions I should be asking i.e. cap cost, rebates, interest, which bank, etc ??
Please reply asap as I am planning on getting this lease over the tomorrow or the day after.
#496 of 643 Re: cadillac 2012 SRX lease help [futurescape]
Nov 11, 2011 (4:43 pm)
Leasing is very complicated (the car dealers like that). First get the best price for car. (Cap Cost), then go from there. Value of lease is "no money down", just renting car. Any "down payment" or "trade in", just is pre-paying your rent. If you are trading in a car and making a down payment, you may be better off with purchase, as there are very low interest rate incentives now. ??1.9%.
The money-factor (interest rate), term of lease, miles allowed, residual value all figure into how they do the leasing deal. There can be dealer incentives (money GM gives the dealer for selling a car, or leasing a car). The dealer can take the best interest rate available for the lease and give you a higher one, to increase profit. So it's very hard to tell if you have a good deal without lots of information. Lots of sources of information on the internet. I did lots of research, and still probably am paying too much!!
#497 of 643 Re: 2012 SRX Luxury Lease Deal
Nov 12, 2011 (12:00 pm)
lease quote/deal- is this a good deal???
39 months, 12k miles yr, 2012 SRX luxury model, FWD, $40k msrp,
I pay the tax upfront, $419/mo.
In addition, they are paying off my nissan rogue lease payments, ~$1700
#498 of 643 Re: current ally rates [STOECK]
Nov 14, 2011 (4:43 pm)
Greetings STOECK. Ally's November base lease rate and residual value for a 36-month lease of a 2012 Cadillac SRX Luxury AWD with 10,000 miles per year are 1.0% and 55%, respectively.
The numbers for an otherwise identical 39-month lease are 1.0% and 53%.
General Motors is currently providing a $1,225 cash incentive plus the waiver of the first month's payment on 36-month leases of this truck through Ally.
Prices Paid: Buying & Leasing Experiences Forum
#499 of 643 Re: 2012 SRX Luxury Lease [slofil]
Nov 14, 2011 (4:46 pm)
Hi slofil. Dealers are often allowed to mark up banks' base lease rates on vehicles. It looks as though that is exactly what this dealer is doing here. Savvy consumers who shop around should be able to avoid this sort of money factor mark up. Don't worry about hurrying to get a good deal on this car, I suspect that General Motors is going to at least maintain or perhaps even enhance its support on most models through the end of the year.
Prices Paid: Buying & Leasing Experiences Forum
#500 of 643 SRX Luxury Lease
Nov 16, 2011 (12:34 pm)
Can anyone provide an opinion on this offer please:
$0 down - Sign and Drive
$450 per month
#501 of 643 Re: 2012 SRX Luxury Lease [Car_man]
Nov 16, 2011 (1:06 pm)
Just wanted to (finally) give an update. Ended up leasing a 2012 Red SRX Luxury with Nav and spare tire from a dealer in Southern California at the end of October. We had a certificate from Cadillac/GM for $2,000 off this car and the lease is through US Bank. Here are the details:
Price: 39,541 + 695 acquisition fee
Less: $1,325 incentive + $2,000 certificate thingy = -$3,325
Net Cap Cost: 36,911
Interest rate: 4.05% or 0.00169 MF
Payment before tax: $406
The Cap cost is interesting. It's $5,600 less than invoice with all the rebates. Even before rebates, the Gross Cap Cost is $3,000 less than invoice. This was for a car that they just got in the lot the day before so they're getting full hold back I assume.
#502 of 643 Performance and Luxury
Nov 17, 2011 (12:38 pm)
What are the numbers on the SRX performance and premium models for a 36 month lease and 15k miles?
My fear is that the best deals are on the luxury collection only.
#503 of 643 2012 SRX Luxury+Nav/Performance Prices
Nov 18, 2011 (6:09 am)
Looking into Luxury Plus Nav, or Performance 15K/yr 39 mth
Lux-Got quoted $45500 plus $2000 Conquest rebate, $43500, plus taking care of my 3 remaining payments on my Infiniti EX35($470/mth, im sure they are adding this to the price of the car though)
I would like the Performance Package, as I would like the 20in wheels and 5.1 10 spkr Bose, but I also need to be closer to $500, so I may settle for Lux with Nav
Doesnt seem like they are giving me much of a deal other than the 2K Conquest rebate. How do these numbers stack up considering MF and Residual? What are the residual and Money Factor for these models with 15K/yr?
Would like to put no more than 1K-1,5K down and be around $500/mth. What are my chances? I am going to a second dealership today to price shop.
I started asking the salesman more detailed questions about sticker price and rebates and MF and residual, but he got flustered, didnt have any details for me, and told me that the "lease guy" left for the day and will get back to me. The salesman wasnt very knowledgable about the car and pkg details, and i felt I knew more than he did. What is it with these salesmen not knowing everything about the cars they sell? They only have like 5 models, how hard it is?
By the way as an aside, I had just come from Jeep, looking at the GC Limited. It seems they are more desperate and were willing to try to come down in price to lease the car before the holiday.