2880 messages,
Last post on Mar 14, 2013 at 9:16 AM
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Cadillac CTS/CTS-V Forum.
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Cadillac CTS-V, Cadillac CTS, Sedan
#786 of 2880 Re: First lease offer for the '07 CTS [bingoman]
by rayainsw
Apr 13, 2007 (5:53 am)
"I just got a mailer from Ehlers Cadillac of Los Angeles for the 2007 CTS. Only $299.00 plus tax per month for 39 months after an upfront of $2,999 with 10,000 miles per year and $.25 per excess mile. And the car wont be available for several months yet"
If, indeed, this offer is for a 2007 ( not a 2008 ) I expect that they have them in stock.
The 2008s won't be available for a while...
- Ray
Been driving a 2007 for months now...
Apr 13, 2007 (8:34 am)
The lease offer was a bit misleading. It is for a 2007 CTS, not a 2008, but it is over a picture of a 2008 CTS. Geez, what cheap misleading advertising.
#788 of 2880 Check the Official Site
by plekto
Apr 13, 2007 (12:36 pm)
The GM site has the real deal, plus the proper picture. IT's still a very good deal, given the 39 month term and an expected 50% deprecitation in that time.
I calculated it out and it's still WAY more money to buy it. $14661 in total payments, including the downpayment.
To buy it, you'd lose more than that in depreciation in the first 39 months. ie - 30,000 price, 0% financing, minus 11,661 in payments(no down), and a resale resale of ~16K... You actually come out worse than leasing it.
There's no having to resell it or deal with maintainence. And your monthly payment is a lot less, because you don't have to sell it to recoup some of your cost(you actually lose 3-4K more than your payments by buying it) If you have 5-7% interest, it's an even worse situation to buy it.
Looks awfully similar to the BMW and Audi leases going on right now. Silly low money that puts it at better than buying it outright.
Edit:
Exact figures:(cars.com has a nice calculator)
California sales tax added to the "buy" price.(moot with lease or minimal - what's the tax on $299 each month?)
Lease: $15870(including CA sales tax).
Buy: 36 months
1.9%(GM financing)
$30,000 price. $3000 down.
$33,346 spent. Minus $16K trade-in. Total spent in the end: 17,346.
0% financing is $32475. $16475 spent in the end. ~$600 more to buy than lease.(not even counting the money tied up every month vs leasing, which you could put to work for you in other ways)
This ALSO assumes you haggle the price down from a MSRP of $34,630!. In reality, you'll be closer to $32K out the door with 0% financing, or 3K behind versus this silly lease.
This is a first, really - BMW leasing rates on a Cadillac.
Apr 13, 2007 (2:07 pm)
I don't want to sound like Al Gore on global warming "The Debate is OVER, Global Warming is REAL," kind of thing. So. . .I will not say the debate is over, AWD is synonymous with performance.
I don't know if 90% of the AWD systems are a complete joke. I suspect Audi, BMW and Mercedes would take great issue with that statement.
Insofar as track performance is concerned (and I assume most folks don't take their $35,000 - $105,000 AWD ELLPS, LPS and High-Zoot AWD cars on the track very often) the evidence is substantial and seems to increase all the time that really well done AWD is the performance champeen.
The evidence is overwhelming that street performance in a car with really well done AWD (from every aspect) has been the champeen for some time now.
Perhaps the AWD systems that are "jokes" are the ones that are 95% FWD and reactionary RWD kicks in from time to time. But even some of those types of AWD are improvements over 2WD drivelines.
I certainly hope the CTS starts at $35K. The price comparisons however will be between the CTS, A4 and 3 series (and probably the Infiniti G35.) Crank up the content in the Cadillac (and if it follows the STS, in this regard) it just seems as if it will zoom right on past $45K. Of course, the BMW will be $60+K and that isn't chump change.
However, therefore, notwithstanding -- the majority of BMW 5 series cars are leased. The lease prices, despite the MSRP's can be quite close to the lease prices of cars $10,000 their lessors.
Call it subventing, call it higher residuals, call it better money factors -- but will a $45,000 CTS lease for less than $600 per month? A more expensive MSRP BMW isn't much more than that today.
It may or may not be good for you or for anyone for that matter -- but despite higher MSRP's, these German's and some of the Japanese have figured out how to make the "rental" TCO for 36 months very attractive.
The STS just seems so expensive. Hopefully the CTS will come to market priced like those early Lexus cars.
In any case, from either country, Germany or the US, make mine AWD.
Apr 13, 2007 (2:33 pm)
Perhaps the AWD systems that are "jokes" are the ones that are 95% FWD and reactionary RWD kicks in from time to time. But even some of those types of AWD are improvements over 2WD drivelines.
The problem is that this is how 90% of them do operate. And it's worse than 2wd because you get sudden power transfers at speed which make the traction control systems go nuts. The stability control is the only thing that saves your bacon at this point, while a 2wd car would merely wobble a bit and then the stability control would kick in in 1/4 ot 1/2 the time(nothing fighting itself)
Poorly implimented(reactive) AWD is less safe than not having it at all, with an exception for snow and really slow-speed crawling in muck.
GM - they don't make a proper AWD system, so there's no reason to expect that their AWD will work like it should. Also, consider that the CTS is RWD. This means that when power is transferred, it comes in at the front, which exacerbates any steering problem that you have. It also adds weight and sluggishness to the front wheels and torque-steer which weren't originally there.
Effectively you jst killed the advantage of a RWD setup and likely with one that doesn't or won't work. GM's smartest thing would be to NOT offer AWD on a RWD car at this point.
P.S. I see $299 a month or 39 months - with $3000 down currently on a 3.6L CTS. You seem to have a problem with the pricing. The CTS will be well under $35K to start and under $400 a month to lease. That's the facts regardless of what you keep wanting to think.
#791 of 2880 Re: ... [plekto]
by paisan
Apr 13, 2007 (3:48 pm)
GM - they don't make a proper AWD system, so there's no reason to expect that their AWD will work like it should. Also, consider that the CTS is RWD. This means that when power is transferred, it comes in at the front, which exacerbates any steering problem that you have. It also adds weight and sluggishness to the front wheels and torque-steer which weren't originally there.
I'm going to have to disagree, on the trucks (Denali and Escalade) there is a fairly stout AWD system with power to both font and rear wheels.
What makes you say that there would be torque steer when power is put to the front axle? You only get that in FWD vehciles that don't have an LSD or have un-even axle lengths (most FWD based cars would have this).
-mike
Apr 13, 2007 (4:31 pm)
The CTS is RWD. But an "AWD" version, assuming they use a system like they use in the Vibe or other non-truck GM vehicles will mess up the handling when the front wheels engage or if they shift power ratios suddenly. There's no way to make an "AWD" system work with a RWD vehicle unless it's something like full-time 4x4.
P.S. Can you do me a HUGE favor? I noticed that there's no electric vehicle forum(should be a top-level one like alternative fuels are - or at the least, under it). Thanks.
Apr 13, 2007 (8:16 pm)
I hope you are correct regarding the lease payments. My guess is they will be a number beginning with a 6 equipped with "premium, nav, sport and high zoot audio."
Pricing an STS or SRX so equipped makes BMW's seem a bargain at this juncture.
MSRP is only important for those paying cash -- a shrinking minority.
The price of a 2007 CTS is virtually without relevance since it is not in competition in any way with the next.
Apr 14, 2007 (9:53 am)
If they do not price themselves out of the market, and if the quality is better than the last cts (which was not bad), then they will have a winner.
I really like the STS, and while the 2008 is nice, I can't wait for a redo, I hope they have a new V8 with 400 or so HP. Mercedes is pushing close to 400 and Cadillac should take the lead.
Can you imagine, is the base will be 400hp, what a V series would look like?
Also, I think they should have the V series special engines, not like Jaguar that just adds a supercharger
Sorry for the rant!
#795 of 2880 Re: ... [plekto]
by paisan
Apr 15, 2007 (8:01 pm)
The CTS is RWD. But an "AWD" version, assuming they use a system like they use in the Vibe or other non-truck GM vehicles will mess up the handling when the front wheels engage or if they shift power ratios suddenly. There's no way to make an "AWD" system work with a RWD vehicle unless it's something like full-time 4x4.
Well the systems used on any of the GM vehicles that are not RWD based, would not work on a RWD platform car like the CTS. The Vibe system wouldn't work as it's for a FWD based vehicle, the only ones that would work would be those used on a FWD vehicle. GM has AWD car transmissions, used in the Holdens in Australia, as well as the ones used in the Escalades, Denalis, Trailblazer SS, etc.
P.S. Can you do me a HUGE favor? I noticed that there's no electric vehicle forum(should be a top-level one like alternative fuels are - or at the least, under it). Thanks.
I'm not a host for that area, but any posts for "electric" vehicles can be put under the Alternative Fuels as that's what it is.
-mike