Last post on Dec 02, 2013 at 12:03 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Cadillac ATS, Car Buying, Car Leasing, Sedan
Aug 13, 2013 (10:36 am)
First post, be gentle.
I have never leased before, but think that I am a candidate as I generally get a new (and used) car every 2-3 years and take very good care of them. The only thing I really grasp at this point about leasing is to first negotiate the price like you are purchasing.
I currently own a 09 Lexus IS250 and have about $4500 in equity in it, which I plan on rolling into the lease.
I am interested in a ATS Performance 3.6 with AWD which lists for 46,363. True Market value in my area 12550 is around 42,000. There are currently $3,000 in incentives which I am also entitled to. I am not sure at this time what the residual is, but from what I am seeing on the boards is somewhere around $29,000.
Based on this information, is it possible to give a ballpark figure on what my monthly payment would be?
I was hoping to get a 36 month with 15,000 per year.
Aug 13, 2013 (11:33 am)
Based on a call to Cadillac Marketing, there are no incentives available currently for 2014's and they are not expected on new models and no private offers available. This on top of the lease money factor going up with the residual remaining the same, which obviously translates to higher payments.
I'm afraid this car might no longer be the value it once was, I'm second-guessing my order and might just cancel it and look elsewhere.
Really disappointing to get stuck like this because they don't bother to stock any non-boring colors at all the dealerships for 2013s.
#220 of 241 Re: 2014 Pricing [ewellsie]
Aug 13, 2013 (2:41 pm)
Big time ditto on the colors. I even asked a dealer if they purposefully made lots of silver, black, and that weird gold color cars to annoy me! He wasn't amused. I finally gave up and leased a G37.
#221 of 241 DEAR CADILLAC POOR MPG ON ATS
Aug 16, 2013 (3:11 pm)
IM WAITING FOR MY REFUND $ CHECK SINCE YOU WAY OVERSTATED THE MPG ON MY ATS TURBO
TIME TO PAY UP LIKE FORD DID TODAY
Ford will cut the C-Max hybrid's fuel economy rating to 43 miles per gallon in combined city and highway driving from 47 mpg. The company said it also will send refund checks for $550 to customers who bought a C-Max. Customers who leased the car will get refunds of $325.
#222 of 241 residuals and money factors
Sep 18, 2013 (11:25 am)
I was looking for residuals and money factors for the 2.0T ATS Luxury and performance in RWD and AWD versions for a 24 month 12k mile lease. If there are attractive numbers for either a 36/39/42 month (or whatever their "special" term is) I would be interested in knowing them as well.
The GM website shows $3000 in rebates when you build a car, but the only ones I can find are $1000 for employee, $1000 for conquest, and $1000 for loyalty which cannot be combined. What gives?
#223 of 241 Re: residuals and money factors [d_nyholm]
by kyfdx@Edmunds HOST
Sep 18, 2013 (3:17 pm)
The good news.... on 2014 models, there is one set of numbers for all ATS models..
3.15% MF and 68% residual for 24mo/15K.. 66% residual for 27 month.
2.35% MF and 61% residual for 36mo/15K... 59% residual for 39 month.
The 36 month program looks best, from here...
#224 of 241 Re: residuals and money factors [kyfdx@Edmunds]
Sep 18, 2013 (3:42 pm)
Thank you. Do they not offer higher residuals on 12k mile leases? Those numbers don't look very promising for good payments with other manufacturers offering 70%+ on 24 month 12k leases!
#225 of 241 Re: residuals and money factors [d_nyholm]
by kyfdx@Edmunds HOST
Sep 18, 2013 (7:07 pm)
12K residuals are either 1% or 2% higher.. (not sure which)...
#227 of 241 Re: Looking for help on a lease quote [jsdnj]
by kyfdx@Edmunds HOST
Oct 09, 2013 (7:17 pm)
Your lease calculator is probably not figuring taxes correctly... for one thing, that rebate is probably taxable... Depending on your state, the taxes may be paid upfront, and added into the CAP cost..
Either way, to get to that payment, the NET CAP COST would have to be about $45,270..
It's unclear from the computer screenshot which amounts are included in the net cap, and which aren't... but, even if every number on the screen is added on to the CAP cost, once you subtract out the $3720, it seems to be about $1000 off...