Last post on Dec 03, 2013 at 11:58 AM
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Cadillac SRX, Car Leasing, SUV
#551 of 643 Re: 2012 Lux Lease Deal [infinitiluv]
May 24, 2012 (1:16 am)
Here's the deal I nergotiated last week in KY for a 2012 Cadillac SRX AWD 4Dr Wagon Luxury
MSRP 2012 Cadillac SRX AWD 4Dr Wagon Luxury
Agreed Upon Value
Ally Bank Acquisition Fee
Gross Capitalized Cost
Capitalized Cost Reduction (Ally Bank Cash Incentive)
Adjusted Capitalized Cost
Residual Value (Residual Factor Χ MSRP)
Ally Preferred Bank Rate (Base Rate)
Base Monthly Lease Payment
KY U-Drive-It Tax 6.00%....
Total Monthly Lease Payment
Charges Payable at Lease Origination
1st. Months Lease Payment
Tax 6.00% on $1,765 Cap Cost Reduction
Amount Due at Lease Signing
Fund Provider: Ally Bank
Security Deposit: None
GAP Coverage: Included
Annual Mileage Allowance: 10k
Disposition Fee: None
Purchase Option Fee: $2,500.00
Excess Mileage Charge: $0.25 per mile
Reg. M Disclosure: NA
#552 of 643 2012 SRX Lease Numbers
May 26, 2012 (4:27 pm)
Hello, I am negotiating a 39 month lease with 12K miles per year and would like to know the current interest rate, residual and rebates for a SRX Luxury FWD. Thanks.
#553 of 643 Question About Taking Over a Cadillac Lease
May 30, 2012 (9:22 am)
Hi, I'm thinking about taking over an existing lease, and based on the following info I wanted to get Car_Man's and others opinion on whether it would be a good decision. Obviously the main reason I'm interested is that there would be no money down, I would just take over the remaining payments:
2011 Cadillac SRX - AWD Premium Collection (est. MSRP $51,000, unsure of the sale price)
26 Months Remaining on Lease
32,400 Miles Remaining [1,246 miles per month]
Op. Lease End Buyout: $24,500
Monthly Payment - $602.97 [with $1,000 seller incentive, original lease payment is $641.43]
Anything else I need to be aware of in taking over a lease? Thanks alot.
#554 of 643 Re: Question About Taking Over a Cadillac Lease [pname]
Jun 01, 2012 (1:04 pm)
OK, was thinking about a lease on a 2012 SRX. I negotiate what I think is a decent price, MSRP of 53,265, sell price of 48,390, so I'm feeling halfway decent about it. Then I tell the sales person I want to look at lease numbers. He tells me he can't offer that same price for a lease, his manager syas he can't do it. I call bogus. Any opinions?
Jun 01, 2012 (1:45 pm)
It gets better. I get a quote as follows:
Residual 25,567 (48%)
Other Capitalized Costs 1,765
Program CCRA 1,765
CASH DOWN 8,500
Administrative Fee 795
Monthly Payment 584.01
No security deposit
Wow, just wow...........................
#556 of 643 Re: Question About Taking Over a Cadillac Lease [wherespete]
Jun 01, 2012 (3:04 pm)
Always remember that every leased car is a sold car. This means that you must buy before you lease. What I mean is that selling price is not dependent on whether you buy or lease.
The dealer really doesn't care which mode of financing you choose; buy or lease. So, do your homework (Edmunds, TrueCar, etc.) and establish a fair price first as it's the most important number in any lease transaction. It's what "drives" the deal so to speak.
You may want to inform the dealer and kindly thank him for his time. Then, go find another dealer.
#557 of 643 2012 SRX Performance FWD Lease Evaluation
Jun 02, 2012 (1:13 pm)
I received the following lease quote from a FL Cadillac dealer on June 2nd, 2012. It's for a 2012 SRX Performance with Chrome Wheel Package.
Selling Price $45,700.00
Adjusted Price $39,835.00
Phantom Footprint $149.00
1 remaining lease pymnt $500.00
Purchase Price $40,484.00
Taxable Fees (Estimated) $450.50
Rental Fee $60.00
Doc Fee $599.00
Non Tax Fees $227.00
Net Price $42,134.91
The selling price doesn't seem too bad, although there's a lot of misc fees... I'm looking for a 36 month lease with 16,000 miles/yr. Here's what they quoted me.
Cash down payment: $1,890.00
36 month lease: $632/month
39 month lease: $612/month
Despite a decent net price, the monthly lease prices seem way high compared to what I'm seeing others get. Can you tell me what you think the monthly lease prices should be based on GM's June MF and Residual figures? Thanks for your help.
#558 of 643 Re: Question About Taking Over a Cadillac Lease [delta737h]
Jun 02, 2012 (5:59 pm)
Thats what I thought. I was taken completely aback with the price change. I was working from the 48 number, then they counter with the 52. Needless to say, that deal s dead.
#559 of 643 Re: 2012 Lux Lease Deal [infinitiluv]
Jun 03, 2012 (1:44 pm)
Hi infinitiluv. It looks as though you are being given a $2,365 discount on this truck. After taking the $1,765 cash incentive that is available on 36-month leases of it through Ally (I'm making an assumption about the term and bank, correct me if this is not correct), you're looking at a $600 dealer discount. In my opinion, that's not enough. Depending upon the specific dealer invoice of the exact truck that you want, you're still at around $1,500 to $2,000 over invoice. I personally would be looking to get an SRX for closer to $500 over if I was in an area that has a decent level of competition...$1,000 over max.
Prices Paid: Buying & Leasing Experiences Forum
#560 of 643 Re: 2012 SRX Lease Numbers [rstu72]
Jun 03, 2012 (1:47 pm)
Here you go rstu72.
Ally's current base lease rate and residual value for a 39-month lease of a 2012 Cadillac SRX Luxury FWD with 12,000 miles per year are 1.0% and 49%, respectively.
GM is currently providing a $1,765 cash incentive on 39-month leases of this truck through Ally.
Prices Paid: Buying & Leasing Experiences Forum