631 messages,
Last post on May 23, 2013 at 2:18 PM
You are in the
Prices Paid - Buying & Leasing Experiences Forum.
What is this discussion about?
Cadillac SRX, Car Leasing, SUV
#509 of 631 Re: 2012 SRX Luxury FWD No Nav [mctrees02]
by Car_man HOST
Jan 15, 2012 (11:09 am)
Hi mctrees02. Ally's January base lease rate and residual value for a 36-month lease of a 2012 Cadillac SRX Luxury FWD with 10,000 miles per year are 1.1% and 55%, respectively.
It looks like the dealer may be attempting to mark your rate up.
General Motors is currently providing a $475 cash incentive on 36-month leases of this truck through Ally. It is also waiving the first month's payment as well.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#510 of 631 Re: Performance and Luxury [urojoe]
by tmasjr
Jan 15, 2012 (1:06 pm)
Did you ever complete this deal? What if you only need 10,000 miles, how much less? What do you get with Luxury? Total down was only $696?
#511 of 631 Leasing numbers
by skylaw
Feb 06, 2012 (10:26 am)
Carman,
Looking for the money factor/residual for a 2012 Lux v/ Nav AWD, 15k, 39 months lease. Gotten some initial offers from dealers that are all over the place. Also, any information on incentives this month?
#512 of 631 Re: Leasing numbers [skylaw]
by Car_man HOST
Feb 06, 2012 (5:45 pm)
Hi skylaw. Ally's current base lease rate and residual value for a 39-month lease of a 2012 SRX Lux AWD with 15,000 miles per year are 1.1% and 48%, respectively.
I believe that General Motors is currently providing a total of $1,475 in cash incentives on leases of this vehicle through Ally.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#513 of 631 2012 SRX Luxury Lease 36 months 30k miles
by denisj
Feb 12, 2012 (6:46 am)
Here's what I've been quoted on this car: $409.27 per month based on the following Ally lease:
MSRP 40,725
Lease end value factor 55%
selling price 39377 (with dealer discount)
Rebate amount: 4475 (3000 in my GM point/1000 owner loyalty/475 lease rebate)
adjusted value: 35697
lease APR: 1.6%
Acquisition fee: $725
total tax window: 1217
Base monthly: 375
Includes gap insurance
First months payment forgiven/total due at signing $191 for title/tax/docs/plates
Any room for negotiations?
#514 of 631 Re: 2012 SRX Luxury Lease 36 months 30k miles [denisj]
by denisj
Feb 12, 2012 (9:20 am)
Denisj here ... supplemental question: should I put my 2003 Rendezvous into play as a trade-in? Kelly book trade-in value is around $5000
#515 of 631 Re: 2012 SRX Luxury Lease 36 months 30k miles [denisj]
by ericzoom
Feb 12, 2012 (10:10 am)
Your deal sounds similar to the one I got on my 11' SRX. See post #430,439.
As far as the Rendezvous, i would try to sell that privately if possible, because you would definitely get a lot more for it than the dealer trade-in. I also leased an 02' Rendezvous CXL back then, and I thought that was a pretty comfortable and reliable truck. Also another cheap GM lease.
#516 of 631 Re: 2012 SRX Luxury Lease 36 months 30k miles [ericzoom]
by denisj
Feb 12, 2012 (11:41 am)
Thanks Eric:
$359 is where I want to be and I see you had a couple of 1k rebates I don't. At least I see that as the difference. You did very well. I could through some money on the table but I don't like plunking money down.
I am looking at getting gap insurance separately - my current insurance company offers it - which may save a few bucks.
Ally is forgiving the first month but this is only a 36 month/30k mile lease.
The dealer is pretending he is trying to meet my goal but spins around three times and then presents exactly the same monthly fee.
I am actively shopping around for the 39/39k lease that starts at $369 with $1999 down - figure my GM points would cover the down and leave another grand for sales price reduction which would get me further towards my goal.
#517 of 631 Re: 2012 SRX Luxury Lease 36 months 30k miles [denisj]
by ericzoom
Feb 13, 2012 (6:52 am)
I thought all Cadillac leases include Gap insurance.
I just got a card in the mail from GM Mastercard stating that my earnings are being upped to $2000, and the $1000 owner loyalty bonus. Too bad I don't need it at this time.
At least your going for an 12' SRX with the better 3.6 engine, than the slightly
anemic 3.0.
#518 of 631 Re: 2012 SRX Luxury Lease 36 months 30k miles [ericzoom]
by denisj
Feb 13, 2012 (9:43 am)
Salesman dismissed the lease offer from GM Financial because it did not include gap insurance.
As you said, your deal was similar to mine: I have $4475 rebate (GM 3000/Loyalty 1000/ Lease 475. You had two other 1000 rebates adding a net $1600 to the cost reduction which got you to the lower figure.
Congrats! I am still battling to get under $400 w tax/fees.