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Cadillac SRX: Lease Questions

257 messages,  Last post on Dec 05, 2009 at 3:41 PM

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

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


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#203 of 257
Re: 2010 Cadillac SRX lease [bigliljen] by Car_man HOST
Aug 20, 2009 (2:17 am)
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Replying to: bigliljen (Aug 18, 2009 7:29 pm)

You're absolutely correct, bigliljen. To convert a lease rate to a money factor, one needs to divide it by 2400, so a lease rate of 4.8% would indeed be equivalent to a money factor of around .00200.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#204 of 257
Rent vs. lease by 40yearfan
Aug 30, 2009 (7:31 pm)
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My wife drove an SRX yesterday and really loves it. The lease on her vehicle isn't up until December of this year, so I am not in a great big hurry to get another vehicle unless I can get a great deal. I am also considering buying my next vehicle instead of leasing it.
 
I'm just wondering if anyone else agrees with me that the SRX might have some incentives before the end of the year and waiting to get one in November or December might get me a better price.
#205 of 257
2010 SRX Sept. residual/finance by bigliljen
Sep 02, 2009 (10:17 am)
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I just drove a 2010 SRX Premium pkg today in Cleveland and this is what the salesman told me: They lowered the finance rate to 4.32%, meaning a money factor of .0018, and the residual for a Performance or Premium pkg is currently 51%, (12,000 miles). I asked about extra security depo's, but he said Cadillac doesn't do that anymore. Anyone else know?
 
Thanks
 
#206 of 257
Current Cadillac SRX lease rate by Car_man HOST
Sep 04, 2009 (2:00 am)
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As requested over in the CTS discussion, US Bank's current base lease rate for a 36 month lease of a 2010 Cadillac SRX is 4.32%.
 
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Prices Paid: Buying & Leasing Experiences Forum
#207 of 257
Re: Current Cadillac SRX lease rate [Car_man] by rbirns1
Sep 04, 2009 (6:12 am)
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Replying to: Car_man (Sep 04, 2009 2:00 am)

And what's the residual?
#208 of 257
Re: Current Cadillac SRX lease rate [rbirns1] by bigliljen
Sep 04, 2009 (1:08 pm)
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Replying to: rbirns1 (Sep 04, 2009 6:12 am)

I was told at the dealership, 51% for both 36/39 and 41% for the 48 month lease all with 12,000 miles.
#209 of 257
Re: Current Cadillac SRX lease rate [bigliljen] by rbirns1
Sep 13, 2009 (7:32 am)
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Replying to: bigliljen (Sep 04, 2009 1:08 pm)

Just visited dealer yesterday. Current deal is .0018 money factor, 49% residual for the top of the line premium version, 53% residual for luxury version. This is for 39 months, 12K miles (residual 1% less for 15K), $695 lease fee, subsidized by GM through US Bank. There are various $1K rebates for current owners and lessees of almost any GM or non-GM model, so it's basically available to everyone.
 
Apparently they expect resale demand to be less for the top of the line version, hence the much lower residual. The premium version stickers around $48-50K depending on rear seat entertainment ($1295) and paint color (red is $1K more). Zero down lease payment is in the $770 range plus tax.
 
The luxury version with navigation stickers around $42-45K, again depending on rear entertainment and color. Zero down lease is around $650 plus tax. These numbers are before any hard negotiation, though I doubt there is much wiggle room there.
 
As far as I can tell, only differences between luxury and premium are 20" wheels vs. 18", AWD with real time damping, adaptive forward lighting, HID headlamps, ventilated front seats, rear seat climate and audio control, and heated rear seats. The luxury model already includes most of the other goodies like heated front seats, ultraview roof, power liftgate, etc., and most are equipped with navigation (which includes bluetooth and other functions, plus the popup touchscreen that really makes the car-- it's more than just a map). Are those other extras worth an extra $5K or $120/month? That's a big price difference.
#210 of 257
Re: Current Cadillac SRX lease rate [rbirns1] by jenp123
Sep 15, 2009 (6:41 am)
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Replying to: rbirns1 (Sep 13, 2009 7:32 am)

So are these lease deals considered a fairly good deal? I am really interested in the new SRX, I test drove the luxury version and got the price to a 39k plus ttl and not including the $1,000 incentive. This was with Navigation and w/ out the rear entertainment. I think the Luxury version is worth it, but the performance and premium costs are alittle outrageous for what you get.
 
would like to hear more from people who have or are thinking leasing this vehicle and if this is considered a good deal.
#211 of 257
Re: Current Cadillac SRX lease rate [jenp123] by rbirns1
Sep 16, 2009 (5:02 am)
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Replying to: jenp123 (Sep 15, 2009 6:41 am)

You must be talking about front drive not AWD. With AWD, luxury model with nav has MSRP of $42,625. I think 39K (1K below invoice!) is dreaming. With FWD, sticker is $40,130, and 39K is a reasonable deal. Invoice is $37,628, so I would say $1400 over invoice for a brand new model is about as good as you'll get. Not sure if residual for FWD is different than AWD. If it's the same, 39 month, 12K lease should be about $535, plus ttl and $695 bank fee.
#212 of 257
Re: Current Cadillac SRX lease rate [rbirns1] by bigliljen
Sep 16, 2009 (8:45 am)
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Replying to: rbirns1 (Sep 16, 2009 5:02 am)

Just found out if you don't want the 60 day return policy, they give you $500 in incentives.

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