Ask the Car People.SM


Cadillac CTS Lease Questions

945 messages,  Last post on May 12, 2013 at 10:58 AM

You are in the Cadillac CTS/CTS-V Forum.

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

    

Messages Page 2 of 95

#5 of 945 Re: is this a good deal [flwolve] by Car_man HOST

Nov 22, 2005 (4:09 am)

Replying to: flwolve (Nov 18, 2005 6:23 pm)
Hi flwolve. Let me begin by saying that I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your CTS would be exactly the same, regardless of whether you had put a whopping $7,000 down, or had made absolutely no down payment at all. You can still trade in your current vehicle and lease a new one if you want to, just have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease.
 
You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers 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 this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you are considering if you let me know what these numbers are.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#6 of 945 Re: is this a good deal [Car_man] by flwolve

Nov 23, 2005 (6:40 pm)

Replying to: Car_man (Nov 22, 2005 4:09 am)
I called the sales person and got all of the numbers. The initial deal for the CTS was as follows
 
MSRP - $41,240
Selling price - $39,523
Net trade in - $4,100
GM Dollars - $3,000
Lease payment - $450/month
 
So it includes $7,100 down, but the $7,100 is a noncash outlay so I never feel the pain.
 
I actually turned this deal down because the TMV price for the car per Edmunds was $39,000 so I told the dealer I wanted an additional $500 of the selling price and he eventually gave in. The new lease payment would have been $435/month. Only problem was when I went down to sign the papers, they had already sold the car. Oh well.

#7 of 945 Negototiating a CTS Lease by cbuccieri

Nov 28, 2005 (7:33 pm)

Help! This will be my first lease. I'm doing my homework so I think a lease if right for me. I am looking at a 2006 CTS with MSRP $35080. The dealer is quoting me 36 months/12,000 miles with $0 down payment with payments of $433 monthly (plus sales tax and excise tax) Buyout is $18,943. I have read your other replies and I think this is a reasonable deal. You mention in one of your replies $1750 lease cash from GM. What is this about? Should I be able to negotiate the $35080?

#8 of 945 Re: is this a good deal [flwolve] by Car_man HOST

Dec 08, 2005 (4:26 am)

Replying to: flwolve (Nov 23, 2005 6:40 pm)
Thanks for the additional information, flwolve. The GM dollars are a great way to make a down payment on a leased vehicle, but you would be better off having this dealer cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease. You are in luck if you haven't leased yet because a couple of days ago GM sweetened its incentives on it. It increased the $500 bonus cash that was available on this car to $1,600 the 2.8L model and $2,100 on the 3.6L model.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#9 of 945 Re: Negototiating a CTS Lease [cbuccieri] by Car_man HOST

Dec 08, 2005 (4:29 am)

Replying to: cbuccieri (Nov 28, 2005 7:33 pm)
Greetings cbuccieri. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
The selling prices of leased vehicles are absolutely negotiable. Negotiate as low a price as possible stipulating that you want any available incentives subtracted from it. The current cash incentives that are available on a leased 2006 CTS include $1,750 lease cash plus another $1,600 bonus cash on 2.8L models and $2,100 on 3.6L models, for a total of $3,350 on the 2.8 and $3,850 on the 3.6.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#10 of 945 is this a good deal by mprogan1

Dec 15, 2005 (10:25 am)

hi...in the market to lease a 2006 2.8 CTS 6 spd manual transmission...the deal that i have worked out has come to a monthly payment of 420.75 with 2500 due at lease inception. I am coming in bare (no trade in)...any information will help..it looks good on paper and GMAC has a great lease program with early buy outs.

#11 of 945 cts in winter by mprogan1

Dec 15, 2005 (10:29 am)

i have been driving in the snow all my life rear and front wheel cars...never using snow tires. i just got rid of my 98 lexus gs300..a rear wheel drive automatic with traction control..it was fine in the snow..occasional issues but nothing major. i am looking at another rear whell drive vehicle but this time a manual transmission. does the manual transmission make a big difference when it comes to rear wheel drive in the snow. for the conversation i live in Western Massachusetts where snow start in December and goes thru March,.

#12 of 945 Current program any good by nkny

Dec 28, 2005 (5:08 am)

Hi,
 
I went to a dealer today and I was told the current leasing deal of the base model is 1250 down plus tax and tags which totals to about 2500 (Idont remember the exact number) and 299.00 per month for 39 months I believe.
 
Is this a good deal as I really dont know much about leasing.
 
I was told it expires on 1/3/2006 so I better act fast
 
Thanks in advance for your help..
 
Nick in NY

#13 of 945 Re: Current program any good [nkny] by Car_man HOST

Dec 29, 2005 (4:37 am)

Replying to: nkny (Dec 09, 2005 8:34 am)
Greetings Nick. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
Make sure to find out the full MSRP and selling price of the CTS that you want from the dealer. The selling prices of leased vehicles are always negotiable, so how good a deal the lease that you were quoted is depends upon how much of a discount you are being given. While GM's current lease program does indeed only run through January 3rd, I don't expect its replacement program to be any less attractive than its current one is. It is difficult to predict exactly what automakers' future lease and incentive programs will be like, but I suspect that the salesperson who you were dealing with was trying to create a false sense of urgency to get you to purchase your new vehicle ASAP.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

#14 of 945 Leasing Experience...need advice by policelady

Jan 11, 2006 (3:00 pm)

Here is my leasing experience:
2002 Chevy Impala for trade-in...owed 19,000.00 and was given 11,000.00 in trade. Was told that I was 9000 negative equity from previous car deals. Lease dealer said in order to hide negative equity, they would need 1500.00 down, my vehicle and would give me a 2005 CTS new with sticker price 34,000.00 and my payments end up being 625.00 a month. What happen to me? good or bad?

Messages Page 2 of 95

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement