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2014 Cadillac CTS Lease Questions

13

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  • shelly40shelly40 Posts: 6

    Thanks for the info.... That is exactly what the dealer told me.... Can the Military discount, and USAA money be used in conjunction with a lease ?

  • MichaellMichaell ColoradoPosts: 6,421

    @shelly40 said: Thanks for the info.... That is exactly what the dealer told me.... Can the Military discount, and USAA money be used in conjunction with a lease ?

    I don't see why not.

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  • asudevilboy80asudevilboy80 Posts: 2
    edited May 31

    I'm new to Leasing so have been reading up on all the forums, I've started getting quotes from dealers in my area (Chandler, AZ) but they seem to be not so good deals...

    I sent several dealers in my area an email (as described in several of the forums here) requesting bids, but I've been having a heck of a time getting them to give me offer. They all say "bring me your best offer from another dealership and I'll beat it by $500"

    I got the "beat it by $500" from 6 dealers so far, must be a magic number!

    So far I've only gotten one of them to give me written offer (one other is coming tomorrow), here is the first (I attached the full bid).

    • 2014 CTS 3.6 Premium RWD
    • 27 Months
    • 12,000 miles/year

    • M.S.R.P: $67,075

    • Invoice: $63,844
    • Rebate: $2,375 (USAA = $750; "Rebate"=$1,625)
    • Adj Cap Cost: $62,064
    • Initial Fees: $2,664 (Due at start)
    • Residual: 61%
    • APR: 3.45%
    • Payment w/ tax: $1,007/month

    When I did the TrueCar Value on USAA Website the car was $60,639. APR seems really high, I have a 710 credit score, but i did not have them run it, nor did they ask me.

    • What items am I able to negotiate? Residual? APR?
    • What are some tricks to get the pricing down?
    • I currently own a 2007 Escalade (that I plan on keeping), it was not a Lease. Would this qualify me for any GM Incentive?

    Any help on this would be fantastic!

    Ryan.pdf 48.1K
  • kyfdxkyfdx Posts: 29,863

    Without getting into all the details, the biggest issue with the price is the lease term. The 27 month term is just not very good. You can save a lot by going with 36 months, where the rate drops to 1.85% APR and the residual only drops by 4%.

    I can't really comment on the selling price, as I'm not in the market. But, the last time I shopped a Cadillac was in 2011, and I remember a CTS going for about $50K!! Holy Cow, has that price shot up!

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  • zefsidezefside Posts: 1

    kyfdx - Do you have the June numbers for the CTS Vsport base. 36 month. 12k/year. TIA.

  • kyfdxkyfdx Posts: 29,863

    @zefside said: kyfdx - Do you have the June numbers for the CTS Vsport base. 36 month. 12k/year. TIA.

    1.08% APR and 58% residual.

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  • cakester1cakester1 Posts: 5
    Hi kyfdx, do you have the numbers for the CTS sedan 2.0 base and luxury AWD? Both for 36 months 10k/year.
  • MichaellMichaell ColoradoPosts: 6,421

    @cakester1 said: Hi kyfdx, do you have the numbers for the CTS sedan 2.0 base and luxury AWD? Both for 36 months 10k/year.

    Base - 1.08% and 56%

    Luxury - .72% and 59%

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  • cakester1cakester1 Posts: 5
    Thanks for the quick response! :)
  • ashu9900ashu9900 Posts: 2

    Hi kyfdx, do you have the numbers for the 2014 CTS Sedan 2.0L Turbo RWD Performance? 36 months 10k/year and 36 months 12k/year

  • MichaellMichaell ColoradoPosts: 6,421

    @ashu9900 said: Hi kyfdx, do you have the numbers for the 2014 CTS Sedan 2.0L Turbo RWD Performance? 36 months 10k/year and 36 months 12k/year

    36/12 - 1.30% or 1.24%, depending on option package. 59% for 36/12; add 1% for 10k

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  • thejman2oo8thejman2oo8 Posts: 11

    Could I have the residual, money factor, and lease cash for the 2014 CTS sedan 3.6L AWD Luxury for 24, 36, and 39 months with 10k and 12k. Also, are the numbers different for the 2.0T?

    Thank you

  • MichaellMichaell ColoradoPosts: 6,421

    @thejman2oo8 said: Could I have the residual, money factor, and lease cash for the 2014 CTS sedan 3.6L AWD Luxury for 24, 36, and 39 months with 10k and 12k. Also, are the numbers different for the 2.0T?

    Thank you

    No difference based on engine, only equipment packages.

    24/12 - 3.4% or 3.7% MF; residual of 63% or 65%

    36/12 - .72% or 1.08% MF; residual of 58% or 55%

    39/12 - same MF as 36 mo; residual of 56% or 53%

    Add 1% to above for 10k per year

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  • cakester1cakester1 Posts: 5

    Hi kyfdx / Michaell do you happen to have the July numbers for the CTS sedan 2.0 luxury AWD? 36 months 10k/year.

    Also is there any lease cash for this month?

    Thanks in advance!

  • kyfdxkyfdx Posts: 29,863

    We don't have the July numbers, at this time.. hopefully, within the next few days.

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  • cakester1cakester1 Posts: 5

    Hi kyfdx, Hope you had a great 4th of July!

    Have you received the numbers for July yet? Can you possibly include 39 months as well?

    Thanks in advance.

  • MichaellMichaell ColoradoPosts: 6,421

    @cakester1 said: Hi kyfdx, Hope you had a great 4th of July!

    Have you received the numbers for July yet? Can you possibly include 39 months as well?

    Thanks in advance.

    Not just yet .. let's let the West Coast wake up and see if they've got anything for us later today.

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  • How about the V Sport, 36 month and 15k miles Residuals and MF?

    Please and thanks B)

  • kyfdxkyfdx Posts: 29,863

    @neversatisfied said: How about the V Sport, 36 month and 15k miles Residuals and MF?

    Please and thanks B)

    1.20% APR and 55% residual. $1200 lease cash.

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  • xerxes480xerxes480 Posts: 4
    edited July 10

    Hi kyfdx,

    Looking for Residual, MF and lease cash for V Sport Premium sedan, 36 month, and 12k miles/year.

    Thanks!

  • MichaellMichaell ColoradoPosts: 6,421

    @xerxes480 said: Hi kyfdx,

    Looking for Residual, MF and lease cash for V Sport Premium sedan, 36 month, and 12k miles/year.

    Thanks!

    1.2% and either 54% or 57% residual, depending on option packages. $1200 or $1400 lease cash.

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  • cakester1cakester1 Posts: 5

    Hi kyfdx / Michaell, do you have the numbers for the CTS sedan 2.0 luxury AWD? 36 and 39 months 10k/year.

    Thanks in advance!

  • MichaellMichaell ColoradoPosts: 6,421

    @cakester1 said: Hi kyfdx / Michaell, do you have the numbers for the CTS sedan 2.0 luxury AWD? 36 and 39 months 10k/year.

    Thanks in advance!

    36/10 - 1.2% and either 58% or 55% residual. $1200 or $1400 lease cash.

    39/10 - 1.2% and either 56% or 53% residual. Same lease cash options.

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  • thejman2oo8thejman2oo8 Posts: 11

    I am still in the market for a 2014 CTS sedan 3.6L luxury collection AWD for 36 and 39 months with 10k. Looking at the last post above, what determines the residual and lease cash?

  • kyfdxkyfdx Posts: 29,863

    @thejman2oo8 said: I am still in the market for a 2014 CTS sedan 3.6L luxury collection AWD for 36 and 39 months with 10k. Looking at the last post above, what determines the residual and lease cash?

    The bank and the manufacturer determine those numbers... we just report them. The numbers are the same for your model.

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  • thejman2oo8thejman2oo8 Posts: 11

    @kyfdx said: I am sorry, after reading my post again I should have been more specific. I meant what determines if the residual is 58% or 55% on a 36 month lease and lease cash of $1,200 or $1,400 on the same trim level?

  • MichaellMichaell ColoradoPosts: 6,421

    @thejman2oo8 said:

    It's based on the option packages (1SD, etc.). I'm sure that translates into a trim level (Premium, Sport, etc), but we don't have that information.

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  • thejman2oo8thejman2oo8 Posts: 11

    @Michaell said: It's based on the option packages (1SD, etc.). I'm sure that translates into a trim level (Premium, Sport, etc), but we don't have that information.

    Thanks for clarifying that. The 3.6L V6 AWD Luxury is considered 1SP, could you tell me the money factor, residual, and lease cash for that model. Thanks for your help.

  • kyfdxkyfdx Posts: 29,863

    @thejman2oo8 said: Thanks for clarifying that. The 3.6L V6 AWD Luxury is considered 1SP, could you tell me the money factor, residual, and lease cash for that model. Thanks for your help.

    1.20% APR and 55% residual for 36mo, 15K/yr. $1200 lease cash.

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