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Cadillac SRX Lease Questions

255 messages,  Last post on Dec 01, 2009 at 2:11 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#74 of 255
How much??? by 2004fx35
Mar 10, 2007 (8:08 pm)
Reply
This is the spec's of a 2007 V6 SRX with no nav. I am looking to lease it for 39 months and 12,000 miles per year. How much should I pay. $46,125 is MSRP. Thanks in advance!!
 
UTILITY PACKAGE
  THIRD ROW POWER SEAT
  (REPLACES RECONFIGURABLE
  STORAGE)
  TRAILERING EQUIPMENT
  HEAVY DUTY COOLING SYSTEM
  POWER STEERING FLUID COOLER
WOOD ACCENTED STEERING WHEEL
  AND SHIFT KNOB
V6 LUXURY COLLECTION
  LUXURY PACKAGE
  PREMIUM SEATING PACKAGE
  ULTRAVIEW SUNROOF
  REAR AIR CONDITIONING
  POWER ADJUST PEDALS
(SEE DEALER FOR PACKAGE DETAIL)
ALL WHEEL DRIVE
#75 of 255
SRX Lease - Good or Not? by eurosnob
Mar 12, 2007 (10:27 am)
Reply
After an e-mail campaign of Milwaukee area dealers, the following is the best quote that I have received to date.
 
SRX V6
Infrared w/Ebony Interior
V6 Luxury Package
AWD
 
MSRP: 44,850
Cap Cost: 38,421
Rate: 3.95%
Term: 39 mos.
Miles: 15,000 per year (48,750 total)
Lease Rate: $500.89
Residual: 51% ($22,873.50)
 
Due at signing are TTL, Fees and first months payment only - no other cap cost reduction is included.
 
Any thoughts? This doesn't look too bad to me, although the residual appears to be a little less than other postings I have seen on the board. Any thoughts would be appreciated.
 
Tony A.
#76 of 255
What am I missing? by dmbleser
Mar 13, 2007 (4:44 pm)
Reply
Based on the above postings it looks like the offers I received today are not even close to being in the ballpark.
 
MSRP - 45,155 - luxury package
Sales - $41,750 + tax and after $3405 in "savings" and rebates.
rate - unknown. not provided by dealer. (internet)
Miles - 12000 per year
Down payment - $1650 plus tax and title
Term - 36 months
lease rate - $650
 
or
 
MSRP: $37855 - no frills
Sales - $35527 after $2328 in "savings" and rebate
rate - unknown not provided by dealer. (internet)
Miles - 12000
Down payment - $1650 plus tax and title
Term - 36 months
lease rate - $560
 
What am I missing? Where are they taking advantage of me?
 
Thanks in advance for your help.
#77 of 255
Picking up my SRX today! by 2004fx35
Mar 14, 2007 (2:28 am)
Reply
I finalized my lease deal yesterday and will be picking up the SRX today! 39 month lease 12k/year. Radiant Bronze with Cashmere interior. $484/month. Upfront is bank fee, first month, and DMV fees. $867.00 GM card earnings applied to cap cost reduction.
 
2007 AWD
UTILITY PACKAGE
  THIRD ROW POWER SEAT
  (REPLACES RECONFIGURABLE
  STORAGE)
  TRAILERING EQUIPMENT
  HEAVY DUTY COOLING SYSTEM
  POWER STEERING FLUID COOLER
WOOD ACCENTED STEERING WHEEL
  AND SHIFT KNOB
V6 LUXURY COLLECTION
  LUXURY PACKAGE
  PREMIUM SEATING PACKAGE
  ULTRAVIEW SUNROOF
  REAR AIR CONDITIONING
  POWER ADJUST PEDALS
(SEE DEALER FOR PACKAGE DETAIL)
ALL WHEEL DRIVE
#78 of 255
Lease help ASAP by heytray
Mar 14, 2007 (12:52 pm)
Reply
Originally I thought I was going to purchase a 2006 SRX V-8 leftover with the 0% financing for 60 months. That took alot of time to find a V-8, and negotiate. Now I am switching to lease a 2007 V-8.I currently have requests for internet quotes from 4 dealers. So I would love some help. Any information on March incentives, rebates, deals people have signed in March would be so appreciated.
#79 of 255
Re: How much??? [2004fx35] by Car_man HOST
Apr 10, 2007 (3:17 am)
Reply

Replying to: 2004fx35 (Mar 10, 2007 8:08 pm)

Hello 2004fx35. This truck's lease payment will depend upon what sort of selling price you are able to negotiate on it. The lower its selling price is, the lower your lease payment will be. General Motors is currently providing $2,250 lease cash PLUS an additional $1,000 "conquest" cash incentive to current owners and lessees of any non-GM product on the '07 Cadillac SRX. Make sure to take these cash incentives into account when negotiating the capitalized cost for your lease. You should be able to get a good idea of how much you will have to pay to lease this truck right now by visiting the following discussion: "Cadillac SRX: Prices Paid & Buying Experience". Once you have an idea of what sort of selling price you are willing to pay, let me know and I will be happy to use GMAC's current lease program to estimate what your monthly payment should be.
 
Car_man
Host
Prices Paid Forum
#80 of 255
Re: How much??? [Car_man] by heytray
Apr 10, 2007 (6:30 am)
Reply

Replying to: Car_man (Apr 10, 2007 3:17 am)

Thanks Car man for the reply. I had to order my 2007 SRX to get it equipt the way I want it. I called cadillac.com and had a supervisor search and there were none in the whole U.S. Anyway it will be 4 weeks untill its ready. Is the conquest money dependant on where you register the car? For example I live in the southeastern Virginia area(I think its only $500 here)But I am ordering the car in Washington DC(where conquest is $1000.
#81 of 255
Re: Picking up my SRX today! [2004fx35] by smokiejoe
Apr 10, 2007 (7:36 am)
Reply

Replying to: 2004fx35 (Mar 14, 2007 2:28 am)

2004 FX35..
 
That sounds like a real good deal.
 
Was that deal done in Michigan, and does that figure include taxes because where I am in Pennsylvania it seems like they want about $60 more per month.
 
How does the SRX compare to the FX35, which I believe you may have some knowledge with?
 
Thanks
#82 of 255
Re: SRX Lease - Good or Not? [eurosnob] by Car_man HOST
Apr 11, 2007 (1:34 am)
Reply

Replying to: eurosnob (Mar 12, 2007 10:27 am)

Hi Tony. First let's take a look at the lease program that you were quoted. The money factor and residual value that you were provided are right in line with GMAC's current lease program for a 39 month, 15,000 mile per year lease of a 2007 Cadillac SRX V6. This is a good sign that this dealer is being straightforward with you.
 
Now let's take a look at the selling price that you were quoted. This truck has over a $3,000 spread between its full MSRP and its dealer invoice price. Plus, General Motors is currently providing $2,250 lease cash and $1,000 conquest cash for current owners of non-GM vehicles on it. That gives us $6,250 to play with. You were quoted a $6,400 discount, which is outstanding. If you like the truck, I personally don't see any reason not to go for it.
 
Car_man
Host
Prices Paid Forum
#83 of 255
Re: What am I missing? [dmbleser] by Car_man HOST
Apr 11, 2007 (1:46 am)
Reply

Replying to: dmbleser (Mar 13, 2007 4:44 pm)

Hi dmbleser. If you are in an area that has a decent level of competition you should be able to do better than this. As I mentioned in my previous post, General Motors is currently providing $2,250 lease cash plus another $1,000 conquest cash for current owners of non-GM vehicles on the 2007 Cadillac SRX right now. This represents a savings of $3,250 before any dealer discount. So even though you were quoted $3,405 in savings, the dealer is only reducing this truck's price by $150. There is a spread of around $3,000 between this truck's full MSRP and its dealer invoice price. Shop around and see if you can find a dealer that is willing to give you a larger discount.
 
Car_man
Host
Prices Paid Forum

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