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Cadillac STS Lease Questions - READ ONLY

87 messages,  Last post on Mar 17, 2008 at 12:35 PM

You are in the Prices Paid & Leasing Experiences Archive Forum.

What is this discussion about? Cadillac STS, Cadillac STS-V, Car Leasing, Sedan

Messages Page 9 of 9

#78 of 87 50,000 miles/yr...lease or buy? by mb6

Jul 31, 2007 (11:57 am)

I just put 50,000 miles on my 06 Accord in my new job. Exactly 12 months ago next week I took out a 60 month loan. I now need a bigger car for the road.
2 questions:
(1) The best road vehicle? Cadillac STS/DTS, Lincoln Town Car, Chrysler 300c, Lexus 460 or GS330h, or even Toyota Avalon.
(2) Whatever I get will have 150,000 miles in 3 years….. Should I lease or buy?

#79 of 87 07' STS Lease by greatrd

Jul 31, 2007 (10:42 pm)

Carman, I got a lease quote for 2007 STS with options of 1SB Luxuary and CF5 sunroof. MRSP 47,885. Terms: 48 months, $100 down, 12,000 miles/year, $540+tax/mo with a supplier voucher. It reflects a $1,500 rebate and a $1,000 conquest rebate. Is it a good deal? Thanks.

#80 of 87 Re: Need 2006 STS Lease Rates [leaseman2] by Car_man HOST

Aug 27, 2007 (2:45 am)

Replying to: leaseman2 (Jul 23, 2007 10:39 am)
Greetings leaseman2. You never mentioned the selling price of the STS that you are interested in leasing. This is an important number 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 the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what the selling price is.
 
For now I can give you an idea of what GMAC's lease program is like for this car. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac STS V6 with 15,000 miles per year are 3.95% and 55%, respectively. When negotiating your lease on this car, make sure to take the $1,500 lease cash that is currently available on it into account.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#81 of 87 Re: 50,000 miles/yr...lease or buy? [mb6] by Car_man HOST

Aug 27, 2007 (2:47 am)

Replying to: mb6 (Jul 31, 2007 11:57 am)
Hey mb6. If you put 50,000 miles per year on your vehicles, you will be better off paying cash for or financing your new vehicle than leasing it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#82 of 87 Re: 07' STS Lease [greatrd] by Car_man HOST

Aug 27, 2007 (2:49 am)

Replying to: greatrd (Jul 31, 2007 10:42 pm)
Hi greatrd. If you are purchasing your STS through GM's supplier purchase program, chances are you are getting a good deal on it. It wouldn't be a bad idea to find out the exact selling price that you are being charged for this car, just to make sure it looks good. Also, make sure that the dealer you are working with uses GMAC's base lease rate of 3.95% to calculate your monthly payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#83 of 87 Lease numbers for 2008 STS by patrey

Sep 17, 2007 (9:17 am)

Hey car_man can you give me the lease data for a 2008 STS. I get GM supplier pricing so I will be a couple of grand less them MRSP. Want to make sure I have the money factor and the residual right. I was looking at 12K miles and 36 months.
 
Thanks

#84 of 87 Breaking lease to lease newer car at same dealer by caddyhova

Feb 05, 2008 (7:37 pm)

I leased an 07 CTS but just had a child. For family reasons I'd like to break lease for a Buick Enclave at the same dealer. Would they normally let me do that without a stiff penalty?

#85 of 87 Re: Breaking lease to lease newer car at same dealer [caddyhova] by Car_man HOST

Feb 15, 2008 (4:41 am)

Replying to: caddyhova (Feb 05, 2008 7:37 pm)
Hi caddyhova. Congratulations on your new baby! I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. this will probably be the case even though you are interested in getting into another General Motors vehicle. In order for you to get out of your lease, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
  
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#86 of 87 STS Lease by joegolfer1

Feb 15, 2008 (11:12 am)

Carman - can you please provide MF and Residual for a 2008 STS 6cyl AWD with luxury package.
Term = 36 months at 18,000 miles per year.
 
thanks in advance for your assistance.

#87 of 87 STS Lease Numbers by joegolfer1

Mar 17, 2008 (12:35 pm)

Carman - can you please provide MF and Residual for a 2008 STS 6cyl AWD with luxury package.
Term = 36 months at 18,000 miles per year.
  
thanks in advance for your assistance.

Messages Page 9 of 9

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