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Cadillac SRX Lease Questions
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
#551 of 631 Re: 2012 Lux Lease Deal [infinitiluv] by delta737h
May 24, 2012 (2:16 am)
Replying to: infinitiluv (May 23, 2012 8:10 pm)
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 . 44,035.00
Agreed Upon Value . 41,295.71
Ally Bank Acquisition Fee 395.00
License/Title Fees . .. .. 139.00
Gross Capitalized Cost . 42,010.90
Capitalized Cost Reduction (Ally Bank Cash Incentive) 1,765.00
Adjusted Capitalized Cost 40,064.71
Residual Factor .. . . 0.49
Residual Value (Residual Factor Χ MSRP) . . . 21,577.15
Ally Preferred Bank Rate (Base Rate) .. . 1.00%
Term (months) . 39
Base Monthly Lease Payment . . . . 500.00
KY U-Drive-It Tax
6.00%....
..
.. 30.00 Total Monthly Lease Payment . 530.00
Charges Payable at Lease Origination
1st. Months Lease Payment ... .. 530.00
Tax
6.00% on $1,765 Cap Cost Reduction
. 105.90 Amount Due at Lease Signing .. .. 635.90
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
John
The AutoLeaseGeek
#552 of 631 2012 SRX Lease Numbers by rstu72
May 26, 2012 (5:27 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.- Car_man (Jun 03, 2012 2:47 pm)
Replies to this message:
#553 of 631 Question About Taking Over a Cadillac Lease by pname
May 30, 2012 (10:22 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 631 Re: Question About Taking Over a Cadillac Lease [pname] by wherespete
Jun 01, 2012 (2:04 pm)
Replying to: pname (May 30, 2012 10:22 am)
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?
- delta737h (Jun 01, 2012 4:04 pm)
- Car_man (Jun 03, 2012 2:49 pm)
Replies to this message:
#555 of 631 More info by wherespete
Jun 01, 2012 (2:45 pm)
It gets better. I get a quote as follows:MSRP 53,265
Price 52,000
Residual 25,567 (48%)
Other Capitalized Costs 1,765
Program CCRA 1,765
CASH DOWN 8,500
Rate 2.2%
Administrative Fee 795
Monthly Payment 584.01
No security deposit
Wow, just wow...........................
#556 of 631 Re: Question About Taking Over a Cadillac Lease [wherespete] by delta737h
Jun 01, 2012 (4:04 pm)
Replying to: wherespete (Jun 01, 2012 2:04 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.
Good luck!
John
The AutoLeaseGeek
- wherespete (Jun 02, 2012 6:59 pm)
Replies to this message:
#557 of 631 2012 SRX Performance FWD Lease Evaluation by stumc1
Jun 02, 2012 (2:13 pm)
Greetings Carman,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
Discount $2,100.00
Rebate $3,765.00
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
Tax $314.41
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.
- Car_man (Jun 03, 2012 2:59 pm)
Replies to this message:
#558 of 631 Re: Question About Taking Over a Cadillac Lease [delta737h] by wherespete
Jun 02, 2012 (6:59 pm)
Replying to: delta737h (Jun 01, 2012 4:04 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 631 Re: 2012 Lux Lease Deal [infinitiluv] by Car_man HOST
Jun 03, 2012 (2:44 pm)
Replying to: infinitiluv (May 23, 2012 8:10 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. Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#560 of 631 Re: 2012 SRX Lease Numbers [rstu72] by Car_man HOST
Jun 03, 2012 (2:47 pm)
Replying to: rstu72 (May 26, 2012 5:27 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.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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