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Cadillac SRX Lease Questions

633 messages,  Last post on Jun 04, 2013 at 3:23 PM

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What is this discussion about? Cadillac SRX, Car Leasing, SUV

    

Messages Page 60 of 64

#588 of 633 Re: Lease [rbirns1] by Car_man HOST

Nov 13, 2012 (4:24 pm)

Replying to: rbirns1 (Nov 11, 2012 1:38 pm)
Hello rbirns1. Ally's November base lease rate and residual value for a 36-month lease of a 2012 Cadillac SRX AWD Luxury with 10,000 miles per year are 3.55% and 59%. I don't think that the 24-month term is really any more attractive at this time.
 
GM is providing a $1,900 cash incentive on 36-month leases of this vehicle right now. It's also waiving the first month's payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#589 of 633 Re: Lease info [phillydilly] by Car_man HOST

Nov 13, 2012 (4:28 pm)

Replying to: phillydilly (Nov 13, 2012 7:35 am)
Hey phillydilly. I don't think that General Motors is providing lease support on the 2012 Cadillac SRX any longer. You can finance it through Ally at 0% for up to 5 years though.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#590 of 633 Re: Lease [Car_man] by rbirns1

Nov 14, 2012 (9:31 am)

Replying to: Car_man (Nov 13, 2012 4:24 pm)
Thanks, but what about 2013?

#591 of 633 Re: Lease [rbirns1] by Car_man HOST

Nov 19, 2012 (6:21 pm)

Replying to: rbirns1 (Nov 14, 2012 9:31 am)
Good catch rbirns1. That was a typo...those actually were the numbers for the 2013 model. Sorry for the confusion.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#592 of 633 Re: Lease [Car_man] by lars1281

Nov 24, 2012 (8:30 am)

Replying to: Car_man (Nov 13, 2012 4:24 pm)
Car Man:
 Stopped in to look at a 2013 SRX Luxury Model yesterday. Renting a Lexus and mentioned the Conquest Cash. Total discounts are $3900 per your notes.
 
 Delaer quoting 57% residual and 4.55% interest through GMAC? It is a 39 mos. lease vs. 36 mos. Not sure why/how they could do this. Any ideas?

#593 of 633 Math Help by phillydilly

Nov 26, 2012 (11:41 am)

So I'm working with a dealer on a SRX, 2013, FWD Luxury package.
 
MSRP $43,555
Negotiated $41,824
3900 in rebates
36 month 12K year
residual 58%
money factor .00112
we are both in agreement on these numbers
 
He quoted me $487
I told him I was coming up with $448 (6% sales tax included)
 
I asked him where the difference is, and he keeps dodging the question. He said it has to do with sales tax on the rebate. I said, ok thats 6% on 3900 is $235, over 36 months thats $7 or $8 a month, what is the rest?
 
He seems to be pretty insistent that the $487 is the best he can do, but i'm not seeing why my $448 is wrong.
 
Can anyone help me out here?

#594 of 633 Re: Math Help [phillydilly] by kyfdx HOST

Nov 26, 2012 (4:44 pm)

Replying to: phillydilly (Nov 26, 2012 11:41 am)
Acquisition fee?

#595 of 633 Re: Math Help [kyfdx] by phillydilly

Nov 27, 2012 (6:01 am)

Replying to: kyfdx (Nov 26, 2012 4:44 pm)
no, its not acquisition fee.
I received the following list from him:
$740 Acquisition fee
$190 doc fee
$23 state fee
We also agreed upon $1000 due at signing to cover these costs.
 
So I'm still off by the $30 a month.
 
I think its in how the rebates are applied. I'm using them as essentially a down payment in my math, I think I'm not getting the full amount from them.

#596 of 633 Final Deal by phillydilly

Nov 28, 2012 (7:41 am)

Thought I'd follow up with the final deal I got:
 
As I said before, my dealer wouldn't come off the $487.
I called another explained the situation, I didn't tell him $487 was the current offer I had, but did tell him I was looking for $455 a month with $1000 due at signing. He said he would get back to me.
 
About 2 hours later, the first dealer called me back and said he could do $451 a month, with the $1000 down. I got this via voicemail and email and decided i was going to give the dealer i contacted that morning a chance before i called back.
 
End of day i called the second dealer and said i still hadn't heard from him. He had my email wrong, apologized and sent me a quote of $454.
 
I emailed him back about 15 min later, thanked him for his help and told him i already had a lower offer on the table. He responded within a couple minutes asking what the offer was and if he could counter. I called him, told him I had an offer I liked and was going to take, but if he wanted to give me a best and final, i would take one last price. He asked how far off he was, I told him he was in a "moderate ballpark" he asked if he was on second base or third base, I said moderate ballpark was all i could tell him.
 
He called me back 5 min later with two deals:
$422 a month, $1000 due at signing through US Bank. US bank has stricter credit requirements and has a disposition fee of $395 due at end of the lease.
He could also do $445 $1000 due at signing through ally. Ally's credit reqs are slightly less than US Bank and no disposition fee.
 
Going today to hopefully take the $422 deal, and if not the $445
 
Just to recap info on the car I'm getting:
2013 SRX FWD Luxury Package
MSRP $43,555
Negotiated $41,824
3900 in rebates
36 month 12K year
residual 58%
money factor .00112
6% sales tax
my math came to $448 a month with 1k at signing to cover acquisition, docs, etc.
 
Thanks to everyone on this board as I feel I got a good deal and hopefully this info helps someone else out to get a good or better deal than me!

#597 of 633 Re: Final Deal [phillydilly] by mmd4

Dec 02, 2012 (12:39 pm)

Replying to: phillydilly (Nov 28, 2012 7:41 am)
I am ready to buy a 2013 SRX Luxury. Just curious what you ended up paying. I am hoping to get a similar deal that you negotiated.

Messages Page 60 of 64

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