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Prices Paid: Buying & Leasing Experiences Cadillac SRX Lease Questions
240 messages, Last post on Nov 02, 2009 at 2:03 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: lars1281 (Dec 27, 2006 9:05 pm) Car_man Host Prices Paid Forum |
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Replying to: Car_man (Oct 31, 2006 3:58 am) I wanted to ask another question. When it comes time to turn in the vehicle.....1. if you want to keep the vehicle, how is the amount determined that you will pay? Are payments involved or one lump sum to the dealer. 2. what happens if you do not have such a large amount of money to pay off the car....do you just lease another vehicle? 3. What happens if your credit was ruined during your lease agreement? If you paid the car dealer on time, will they consider this or is your overall credit checked once again when considering leasing another vehicle?
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Replying to: policelady (Jan 03, 2007 3:53 pm) If you do not have a large sum of money available to purchase your vehicle at the end of your lease you can either finance it or just walk away from your lease and lease or purchase a new vehicle. Every bank uses its own set of guidelines to determine who it will and will not approve to lease vehicles. Domestic manufacturers' captive finance companies, like GMAC, are usually fairly lenient in who they approve. If you have a good payment history with GMAC I suspect that you would have to really mess up your credit during your lease for them not to approve you to lease another vehicle through them. Car_man Host Prices Paid Forum |
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I am negotiating a lease for a 2007 V6 SRX with utility pkg (3rd row) and adjustable foot pedals. First, Do I need to purchase the $4100 premium package in order to get the adjustable pedals, or can I purchase the $1300 premium collection to get it? Also, with $2000 out-of-pocket, 36 or 39 months  , 15k miles/year and excellent credit, what is a good monthly payment? I was hoping to get it in the low 500's-maybe $525. Is this realistic?
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Replying to: susanw6 (Jan 23, 2007 12:00 pm) 2007 V6 SRX w/Premium package ($4100) and utility package ($1125), in White Diamond. MSRP is $43,455. I put down $2000 in GM Mastercard rewards 39 month lease w/15,000 miles/year $470.00 per month, plus tax for a grand total of $498.20. They had others that were $40 more per month, but they said this one was an "older age model", meaning it was one of the first few they got in from Detroit in October, so there was some add'l rebate Cadillac was providing them on it. My only concern was that it had 130 miles on it and I've never bought or leased a new car with more than 15 miles on it. I made them check the computer to see how those miles got there and when it arrived at the dealership on Oct 24, it already had the 130 miles (I actually saw this). They said it was not a dealerhisp transfer, nor a demo. They said that maybe it was used as a test model by the factory. Never believing anything a dealership says, I'm skeptical, however, I still think I got a good deal and since its a lease, as opposed to a purchase, I'm O.K. with it. Anyone ever heard of that?
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Replying to: susanw6 (Jan 23, 2007 12:00 pm) You never mentioned the selling price or MSRP of the SRX that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are. Car_man Host Prices Paid Forum |
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Replying to: Car_man (Feb 01, 2007 2:51 am) Sticker MSRP is $43,885.00. Capitalized cost is $42,181.66. Dealer Fee is $595.00 Rebates and credits $6995.89 ($2000 of it was from my GM Matercard rewards dollars). I put nothing out-of-pocket, just sign and drive. 15,000 miles/year $470/month plus tax for a grand total of $498.20/month 39 months How did I do on this deal?
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Hi Car_man, Is there any incentive from GMAC on Feb? What is the interest rate and residual value for a 39 month lease of a 2007 Cadillac SRX V6 with 10k miles per year? Many Thanks, Helen
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Replying to: susanw6 (Jan 29, 2007 6:38 am) I am wondering if the person who got $6,995.00 of credits was including the $2,250 rebate plus their 2k of points, plus any $ negotiated off of invoice price of the srx? I heard there is a $1500 dealer incentive fee off of the invoice price on srx's for hte month of feb also. So I am going to offer...1500 under invoice and see what happens, then they will take off the 2,550.00 and we will see what happens. They already accepted an offer of 38,800 before taxes but I didn't sign as I wanted more time to research. The price I offered was $700 over their invoice price. This was before I learned that they usually pay under the invoice price for the car and will be happy with a 3% profit. Wish me LUCK! Susan
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Replying to: harpist4you (Feb 14, 2007 10:08 am) My mileage did start at the 130 mile count. I find the whole leasing process so confusing. What I did this time was use the Edmunds forum to post the car I was looking for. Then I received offers from the internet sales department of several dealerships in the area. The internet sales dept DEFINITELY beats the prices of the regular new car sales people. They will negotiate by phone because they know you are using the internet to research the best prices. I had several negotiations going at once over the course of a week involving 2 different dealerships. I played them against each other. When I finally knew I hit the rock bottom price, I made an appt with the internet sales rep. She faxed me the credit paperwork and got it all done ahead of time. When I got there the car was ready and detailed. I took it for a test drive, signed the contract and left. It was great not sitting at the dealership while they played back and forth with me for 2 hours! Good Luck. Susan |
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