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Cadillac STS: Lease Questions

87 messages,  Last post on Mar 17, 2008 at 11:35 AM

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

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#84 of 87 Breaking lease to lease newer car at same dealer by caddyhova Feb 05, 2008 (6:37 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? Replies to this message: Car_man (Feb 15, 2008 3:41 am)
#85 of 87 Re: Breaking lease to lease newer car at same dealer [caddyhova] by Car_man HOST Feb 15, 2008 (3:41 am)
Replying to: caddyhova (Feb 05, 2008 6:37 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 Host Prices Paid: Buying & Leasing Experiences Forum
#86 of 87 STS Lease by joegolfer1 Feb 15, 2008 (10:12 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 (11:35 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.

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