168 messages,
Last post on May 21, 2013 at 8:24 AM
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Cadillac ATS, Car Buying, Car Leasing, Sedan
#60 of 168 money factor and residual
by adiaz2331
Feb 15, 2013 (10:25 pm)
Car man
Can you please tell me the money factor and residual for a 2.0t premium for 39 month 15k mile a year lease and 48 15k. Thanks much. Also current incentives applicable.
#61 of 168 Is this a good deal
by cval
Feb 19, 2013 (12:42 pm)
This particular car silver exterior with black interior. It has no sunroof, no navigation, but it does have heated front seats, and the CUE system .This car has an M.S.R.P. of $37,595.
Bank - USB
Sales Price- 35,700
Rebate -2300
reg 260.69
tax- 2087
Acquisition fee -595
miles $10,000
term 36 months
rate 2.4%
base residual 62%
Adjusted Residual 65%
adj residual amt- 34,436.75
Adj Cap cost $36,343.19
#62 of 168 Re: Is this a good deal [cval]
by sewellmgr
Feb 23, 2013 (9:52 am)
Hopefully I can shed some light on this... I took a look at your deal this morning (great detail by the way). Everything appears to be on the up-and-up, whomever quoted you this took the time to get you rebates that are not open to the entire public... I am assuming that you currently have either a competitiors lease or a cadillac lease that is expiring before December 31.
The price is slightly back of most dealers invoice and is absolutely a fair deal. If you would like to negotiate $100-$200. Over all a VERY FAIR deal that I would be OK to pay myself.
#63 of 168 Re: Is this a good deal [sewellmgr]
by cval
Feb 23, 2013 (10:34 am)
Thank you
#64 of 168 Re: 2.0T and V6 [darkom]
by Car_man HOST
Feb 25, 2013 (4:18 pm)
Hi darkom. The money factor that you were quoted looks about right. If you're getting GM Employee pricing you should be getting a good deal on the other important aspect of this lease, the selling price. However, it wouldn't hurt if you found out exactly what you are being charged for the car by the dealer.
Car_man
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#65 of 168 Re: Current 2.0 ATS Lease Rates California [artemiscf]
by Car_man HOST
Feb 25, 2013 (4:21 pm)
Hi Ian. Ally's current base lease rate and residual value for a 36-month lease of a 2013 Cadillac ATS Luxury or Performance with 15,000 miles per year are 1.5% and 58% for consumers who qualify for its top credit tier.
There is an $800 cash incentive on leases of this car through Ally.
Car_man
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#66 of 168 Re: money factor and residual [adiaz2331]
by Car_man HOST
Feb 25, 2013 (4:26 pm)
Greetings adiaz2331. Ally's February base lease rate and residual value for a 39-month lease of a 2013 Cadillac ATS Premium with 15,000 miles per year are 1.5% and 56%.
The numbers for an otherwise identical 48-month lease are 2.5% and 48%.
GM is currently providing an $800 cash incentive on leases of this car through Ally.
There's also $1,000 loyalty cash or $1,500 cash to current owners of competitive models.
Car_man
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#67 of 168 Re: money factor and residual [Car_man]
by adiaz2331
Feb 25, 2013 (8:50 pm)
Car_man, thanks for the information. It is seemingly different from what the dealership provided. They stated that the residuals for a premium model are 58, 57, and 55% for 10,12, and 15k mile 39 month leases, respectively. If you find this conflicting information, do you have any suggestions on the best way to present it without coming off rude? I am not sure if they were checking through ally bank though. Could us bank be offering different figures?
#68 of 168 Re: money factor and residual [adiaz2331]
by Car_man HOST
Mar 05, 2013 (4:39 pm)
You're welcome adiaz2331. General Motors uses all sorts of arcane model codes in its lease bulletin. The residual values that you were quoted by the dealer are probably right and I just misinterpreted them. The important number to focus on is the lease rate because that can often be marked up by dealers. Generally speaking, dealers do not have the ability to alter banks' published residual values.
Car_man
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#69 of 168 Re: money factor and residual [Car_man]
by adiaz2331
Mar 06, 2013 (6:33 am)
Thanks for the reply! That's a good thing to know. I can't wait to get my ATS, right now I'm monitoring the rates each month, as I'm getting closer to the end of my current lease. Hope to have the lease paid off early because I'm almost at my mileage limit! lol.