Last post on May 22, 2013 at 2:13 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Cadillac ATS, Car Buying, Car Leasing, Sedan
#48 of 173 Re: Good Deal? [romil01]
Feb 12, 2013 (6:18 pm)
Here are more details:
Money Factor – .00050
Residual – 55% or 24,334
Net Cap Cost W/ Fees – 43953
Actual Sale Price – 41,596
#49 of 173 Re: Good Deal? [adiaz2331]
Feb 12, 2013 (10:37 pm)
Seems like a good deal. You are getting the car for $114 under invoice and the money factor is really low. My lease calculator shows approx $585/month with those numbers, so $537/month is good.
I'm assuming you have driven the car? All the reviews I have read were very negative towards the manual transmission in this car.
#50 of 173 Re: Good Deal? [romil01]
Feb 13, 2013 (6:32 am)
Thanks for the reply. I have not driven the manual yet, but I'm hoping when I go check it out, that the revisions made at the factory negate any bad press it had received in the test cars. Many people on the cadillac forums seem happy with the manual.
#51 of 173 Re: Good Deal? [adiaz2331]
Feb 13, 2013 (2:18 pm)
Actually, I was looking at the numbers. I might just wind up getting a base 2.0T Premium for about the same price. I will also get the Magnetic Ride Control, Heads Up Display, and the NAV/18" wheels will be standard. It will probably necessitate me ordering it, but not a big deal.
#52 of 173 Re: Good Deal? [romil01]
Feb 13, 2013 (4:45 pm)
you sound very knowledgable. what is the "standard" money factor offered on a 3 year lease? how much wiggle room is there? what does a change of X in the money factor translate to in the monthly payment? thank you.
#53 of 173 Re: Good Deal? [darkom]
Feb 13, 2013 (4:57 pm)
Money factor normally changes at the beginning of each month, as do residual values. You would have to ask Car_Man for the specific MF for Feb based on the specific model of ATS you are interested in (it sometimes varies between models). There is no wiggle room in MF or residual, those are both values set by the financial institution servicing the lease, which in Cadillac's case, is normally Ally or US Bank. What you have to be careful of is dealerships inflating the MF above what it is supposed to be in order to generate more profit for themselves. Bottomline: know what the current MF is before you negotiate so you know if the dealer is trying to pull a fast one on you.
In the last few posts someone posted a money factor of 0.0005 on their ATS (which equates to 1.2% APR and is normally how Ally and US Bank report their MF's; most car companies use the decimal format). If the money factor were to increase to 0.0006, the monthly payment on a $45,000 car might increase by $10. Hard to say exactly without using very specific numbers.
#54 of 173 Re: Good Deal? [romil01]
Feb 13, 2013 (5:34 pm)
Thank you for the swift response, romil01.
I'm looking at the 2.5L Standard $33,990, or the 2.0T Standard $34,900. Only option in either is heated seats, maybe, which will add $450 to those MSRPs. 36month/10k year
Is there a way to private message Car_Man or just hope he sees this post?
#56 of 173 Re: Good Deal? [darkom]
Feb 13, 2013 (9:00 pm)
Go back a few posts and you will see some examples of how people ask for numbers from Car_Man. Key info to post is the specific model, the lease term length, the annual mileage you want, and the state you live in.
#57 of 173 Re: 2.0T and V6 [Car_man]
Feb 14, 2013 (9:49 am)
2013 ATS, 2.5L Standard
Term/miles: 36 months/10k yr
Money factor: 2.80
Monthly payment (pre-tax):$287
Due at signing: $686
Location: Michigan, w/ GM Employee discount
>>>>>>>>>> Is that money factor fairly high?