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Cadillac Escalade: Lease Questions

141 messages,  Last post on Dec 04, 2009 at 3:52 AM

You are in the Cadillac Escalade Forum. Your Hosts are steve_ & tidester

What is this discussion about? Cadillac Escalade, Cadillac Escalade ESV, Cadillac Escalade EXT, Car Leasing, SUV


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#100 of 141
Re: Early Termination! [cdcruizer05] by Car_man HOST
Feb 15, 2008 (3:35 am)
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Replying to: cdcruizer05 (Jan 27, 2008 1:04 am)

Greetings cdcruizer05. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, your Grandfather would need to purchase the Escalade that he is currently leasing from the bank that he is 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 him to get out of his lease by comparing its purchase price to its value on the open market at this time. You or he should place a call to the bank that he is leasing his vehicle through to find out its exact price. Once you know exactly how much money it is going to cost him to buy his leased vehicle you need to compare it to its current value on the open market. You can find out approximately what the Escalade is currently 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 he is still on the hook for his remaining lease payments. The difference between the leased vehicle's current value and how much it will cost him to buy it plus any remaining lease payments that he is obligated to pay will be the cost of getting out of the lease right now. You may find that he is better off waiting until you are closer to the scheduled end of his lease to get another new vehicle.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#101 of 141
2008 ESV Lease rates for 36 and 48 mo 12K/year by srf2
Feb 17, 2008 (5:02 am)
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Can anyone tell me the current lease rate and residual value % from GMAC for a 2008 ESV for both 36 and 48 months on the 12K/year lease? Thank you.
#102 of 141
Need Advice Re: Early Lease Termination by joey87
Feb 18, 2008 (7:38 pm)
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My husband has secured a loan on a 05 Infiniti b/c he is bent on turning in his recently leased 2008 Toyota Tundra. I think this is a very bad idea & I am uneasy about this. He states that he is "just taking it back to the dealership" like its no problem. Please advise me of any and all repercussions in doing this. I believe that this is going to hurt him in the future and definitely will ruin his already bad credit.
#103 of 141
Re: Need Advice Re: Early Lease Termination [joey87] by kyfdx HOST
Feb 19, 2008 (3:54 am)
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Replying to: joey87 (Feb 18, 2008 7:38 pm)

joey87.. Re-post your question here: General Questions about Leasing Vehicles. More members will see your post in that discussion.
 
You should be concerned...
#104 of 141
Just starting to shop for a lease, Getting these numbers in Detroit. by jasgot
Feb 19, 2008 (9:18 am)
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This is for an '08 Escalade Ultra
 
24 months 15,000 miles
5.15% Money Factor 
65% Residual
 
39 months 15,000 miles
4.40% Money Factor 
54% Residual
 
Does it seem fair? This is my first attempt at going from Chevy to Cadillac. I must say, I'm experiencing a little sticker shock.
#105 of 141
2008 ESV Deal Evaluation - 3/8/08 by srf2
Mar 08, 2008 (1:43 pm)
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Car_Man or any Host:
 
I'm about to do the following deal - any input would be greatly appreciated. I'm in NY.
 
2008 ESV w/ Ultra Package - MSRP 69,625
39 Month/10K/Year 6.15% w/ 59% Residual
Paying Taxes, $695 Acquisition fee and other fees upfront.
 
Payment: $825.61
Tax, 1st Month, Acquisition Fee & Other Fees: $4,565.65
 
Any feedback on this deal would be greatly appreciated. Thank you!
#106 of 141
Cadillac Escalade Lease by ted48067
Mar 27, 2008 (12:08 pm)
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I got a deal on a 2008 with 2,000 down 39 mos. 12,000 yr. With the 22" wheels and the pearl white, no navigation, no flip down dvd player, no heated steering wheel or electric running boards 745.00/mo incl. mich sales tax using gms pricing. I may wait I think the deals may get better, I hoping for 700/mo incl tax
#107 of 141
Re: 2008 ESV Lease rates for 36 and 48 mo 12K/year [srf2] by Car_man HOST
Apr 04, 2008 (3:20 am)
Reply

Replying to: srf2 (Feb 17, 2008 5:02 am)

Here's the information that you're looking for, srf2. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Cadillac Escalade ESV with 12,000 miles per year are 6.15% and 58%, respectively. the numbers for an otherwise identical 48 month lease are 6.15% and 50%. When negotiating your lease on this truck, make sure to take the $850 lease cash that General Motors is currently providing on it into account. In addition to this lease cash, GM is providing a $1,000 owner loyalty incentive on leases of this car to current owners and lessees of GM products.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#108 of 141
2008 escalade lease by 954brian
Apr 04, 2008 (7:19 am)
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Hi...I'm looking to lease an 08 escalade. I went to a few dealerships and the cheapest I found is $783 a month plus tax (ends up at $829 tax included in fla) for a 39 month lease with 15k miles with $2000 out of pocket. Its a white on black sport package with navi. Is this a good deal?
#109 of 141
Re: 2008 ESV Deal Evaluation - 3/8/08 [srf2] by Car_man HOST
Apr 07, 2008 (1:12 am)
Reply

Replying to: srf2 (Mar 08, 2008 1:43 pm)

Hi srf2. The lease rate that you were quoted on the Escalade that you're interested in looks great to me. It's right in line with GMAC's current base rate for a 39 month lease of a 2008 Cadillac Escalade. You never mentioned the selling price of the truck that you are interested in leasing though. 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 truck 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 the vehicle that they want to lease is that it is necessary to calculate its lease payment. I am sure that someone here will gladly give you their opinion of this deal if you let us know what the selling price is.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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