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Cadillac CTS Lease Questions

372 messages,  Last post on Dec 04, 2009 at 3:48 AM

You are in the Cadillac CTS/CTS-V Forum. Your Hosts are pat & karens

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


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#351 of 372
Re: New lease offers [tambaydriver] by artmbgolf
Aug 28, 2009 (7:56 pm)
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Replying to: tambaydriver (Aug 28, 2009 7:10 pm)

I saw lease figures on a 2009 CTS in PA. The down payment + lease payment is much closer (about $50 a month) to a purchase. They also want a security deposit now. I don't know the lease details that Carman can provide.
It looks like any lease savings now is not enough to outweight the constraints of leasing.
 
A 39 month lease (instead of 36 month) creates a $15-20 lower payment, but then you have 3 more payments and you are shopping for a car in a different time period the next time. If you like shopping in Sept for example, to have a pick of left overs and new model year, you will want a 36 month lease, if you lease.
 
CTS has lots of options, but most of them are in packages, so you may have to accept some options you don't care for to get options you want. It looks like they are trying to make it simpler for 2010, by having a base car, a luxury version and a performace version. Coming from BMW, you will want the FE2 18" wheel option or maybe even FE3, living in FL.
#352 of 372
Re: New lease offers [smithsonga] by Car_man HOST
Sep 03, 2009 (2:42 am)
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Replying to: smithsonga (Aug 20, 2009 6:25 am)

Good question, smithsonga. The GMAC residual values are tough to find, but I managed to dig them up. GMAC's August residual value for a 36 month lease of a base 2009 Cadillac CTS was a horrifying 36%. This car's lease rates are indeed available for any trim level outside of the V, but its residuals vary by term.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#353 of 372
Re: New lease offers [claweave] by Car_man HOST
Sep 03, 2009 (2:47 am)
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Replying to: claweave (Aug 20, 2009 5:14 pm)

Hi claweave. General Motors was providing a $6,000 cash incentive on leases of the 2009 Cadillac CTS through independent banks last month. This cash is not compatible with the GMAC or US Bank lease programs that have been talked about here.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#354 of 372
Re: New lease offers [claweave] by Car_man HOST
Sep 03, 2009 (2:49 am)
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Replying to: claweave (Aug 21, 2009 4:23 am)

Hey claweave. As I mentioned in my previous post, the six grand is not compatible with GMAC's special lease program. GMAC's current base lease rate and residual value for a 36 month lease of a base 2009 Cadillac CTS with 15,000 miles per year are an extremely attractive 0.40% and an extremely unattractive 36%.
 
You should be able to lease through GMAC and take advantage of supplier pricing.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#355 of 372
Re: New lease offers [artmbgolf] by Car_man HOST
Sep 03, 2009 (2:54 am)
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Replying to: artmbgolf (Aug 23, 2009 8:56 pm)

Hi artmbgolf. The GMAC lease program that has been discussed here is available in both Delaware and Pennsylvania. The $6,000 cash incentive is for leases through independent banks and as a result it is not available on GMAC leases.
 
GMAC's current base lease rate and residual value for a 36 month lease of a base 2009 Cadillac CTS with 15,000 miles per year are an attractive 0.40% and an unattractive 36%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#356 of 372
Re: New lease offers [Car_man] by rbirns1
Sep 03, 2009 (7:00 am)
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Replying to: Car_man (Sep 03, 2009 2:54 am)

So what are some bottom line numbers? Considering the great lease rate and awful residual value, combined with cash incentives etc., what payments are currently being offered?
#357 of 372
Re: New lease offers [Car_man] by rbirns1
Sep 03, 2009 (7:02 am)
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Replying to: Car_man (Sep 03, 2009 2:54 am)

I know it's the wrong forum, car man, but what lease numbers are being offered on the new SRX?
#358 of 372
Re: New lease offers [rbirns1] by artmbgolf
Sep 03, 2009 (9:00 am)
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Replying to: rbirns1 (Sep 03, 2009 7:00 am)

You can rough ballpark a lease.
$50,000 X .36 residual (15k miles) = $18,000
 
If you pay $42,000 - $18,000 = $22,000 owed.
Add about $2,000 interest = $24,000 owed
$24k / 36 = $666
With $3600 down, payment goes to $566, but no real savings.
 
The residual on this used to be about 52% in 2007, higher for 10 + 12k miles.
 
Ask your dealer to see the residuals page. Then you can decide the number of payments. They don't negoiate the residuals. GMAC sets them. They should not be a secret any more than the MSRP.
#359 of 372
Re: New lease offers [artmbgolf] by rbirns1
Sep 03, 2009 (9:10 am)
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Replying to: artmbgolf (Sep 03, 2009 9:00 am)

Never put money down on a lease. Besides, with interest rate under 1%, who would you even want to?
#360 of 372
Re: New lease offers [Car_man] by billmv
Sep 03, 2009 (9:48 am)
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Replying to: Car_man (Sep 03, 2009 2:42 am)

Car_Man.....you're right. 36% IS horrifying. Yet I recently read that the CTS won Kelly Blue Book's award for Best Resale Value in its category (Full size car) for 2009. Something isn't computing here.
 
http://mediaroom.kbb.com/kelley-blue-book-announces-winners-2009-best-resale-val- ue-awards
 
And you wonder why GM is in trouble.......

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