188 messages,
Last post on Jun 15, 2013 at 6:22 PM
You are in the
Prices Paid - Buying & Leasing Experiences Forum.
What is this discussion about?
Cadillac ATS, Car Buying, Car Leasing, Sedan
#65 of 188 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
Host
Prices Paid: Buying & Leasing Experiences Forum
#66 of 188 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
Host
Prices Paid: Buying & Leasing Experiences Forum
#67 of 188 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 188 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
Host
Prices Paid: Buying & Leasing Experiences Forum
#69 of 188 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.
Mar 07, 2013 (8:52 am)
Hi Carman:
Thanks for your advice on the 328xi. My lease ends in August but I will likely be returning it a month before (to Otto's BMW, PA) since I work at another state and have no time to go back once after July.
So my question would be comparing that 328 xi to an ATS, which has 2.0T, MSRP 45,235, top credit tier, 36 months, 13K (I don't know if GM offers 13K, if not, then around 12K), $0 down, includes sales taxes in PA, what would be the monthly payment after all the incentives (I know this is going to happen in July, but just want to get a sense of what's coming)
Thanks a lot!
#71 of 188 Re: money factor and residual [adiaz2331]
by Car_man HOST
Mar 10, 2013 (7:52 am)
You're welcome adiaz2331. Feel free to come back when you're closer to lease end. I'll be here.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#72 of 188 Re: ATS [ranjohn]
by Car_man HOST
Mar 10, 2013 (7:55 am)
You're welcome ranjohn. Just a heads up, you do not necessarily have to return your leased vehicle to the dealer that you originally leased it from. You can return it to any BMW dealer, as long as you contact them first and let them know. This might make things a little more convenient for you.
You can lease a vehicle through Ally with either 12,000 or 15,000 miles per year.
You can use the lease program data that's available here and the formula that is outlined in the following article to compare payments, Calculate Your Own Lease Payment.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#73 of 188 Re: ATS [Car_man]
by sallurday
Mar 10, 2013 (1:29 pm)
Hey Car_Man. What are the March rates for 2013 ATS base?
I saw the GM Employee price at Cadillac of Novi for March and it's down significantly from last month.
246.83
0 Down
36/10k
Based on 33,990 msrp
#74 of 188 March Lease Incentives
by cwolf9
Mar 12, 2013 (8:27 am)
Car_man would you happen to know if Ally will be releasing any Tax Credits to dealers this month for lease purchases?