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Cadillac CTS Prices Paid and Buying Experience

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Comments

  • asteinbergasteinberg Posts: 138
    Still must decide between three DIFFERENT 2008 cars -- all that I like Lexus GS350, Cadillac CTS (with blue tooth added, giving me separate screen), or Infiniti G35. Then, must decide whether to buy or lease. Incidentally, Lexus has best mileage, but Cadillac uses regular gas. I currently have BMW 530i expiring lease which, with Edmunds help, I had leased for net MF, and much less, with multiple security deposits.
    Anyway, for GS350, G35, and CTS, could you please provide:
    (1) Target deal relative to invoice+destination (and any rebate)
    (2) If buy, available finance rates
    (3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually
    Any better MF or interest rate for multiple security deposits?
    Thank you for this information. I'll also put on other forums, in case you guys see that first.
    Thank you!
  • Curious - why is BMW off your list? I can see CTS or G in the running, but the GS is the least performing driver's car. What are your priorities in choosing your next automobile this time around?
  • asteinbergasteinberg Posts: 138
    I have a BMW530i, lease expiring. It drives well.
    But the navigation system is antiquated/obsolete/dysfunctional; the AM-FM-satellite is too much hassle to change stations; in general, the I-controller is stupid. I've had poor service -- BMW dealers are elitist, and the company cannot adequately service the cars. It was in the shop twice for 2-3 weeks for an airbag-related problem.
    Air conditioning is too loud, like going back in time to low technology.
    I still like the handling, and the lease terms were good.
    I'm not enthused about any of my choices because none has everything I want, and I don't want to go to a sharply higher price range.
    Also, I wish I had definitive info for leasing CTX, Infiniti G35, Lexus G350; have 15000 mile info on some, not 12000.
    I like that Cadillac has big nav screen, real time traffic (unlike Lexus G350), and regular gas, unlike both of the others.
    I'm really undecided, though I know I want a rear-wheel drive.
  • dfusnikdfusnik Posts: 10
    I've just been screwed by GM and was wondering if anyone else has had this happen to them. I went to my Cadillac dealer almost 5 weeks ago to look at a CTS. Long story short: drove it, loved it, wanted it. The dealer didn't have a car on the lot with the color and options that I wanted, nor was he able to locate one. So I gave him a $1000 deposit to order one from GM. Part of what made the deal attractive was GM's Luxury Conquest incentive. Because I'm trading in an Acura, GM was going to knock another $1000 off the price. "This is great!" was what I was thinking. My first Cadillac and my first American car in about 10 years. Cool.

    Not so cool. I received a phone call from my dealership a couple of days ago informing me that GM has decided to pull the Luxury Conquest incentive from the CTS and apply it to the STS. Which means the great deal I received when I signed the contract/order sheet is not so great anymore. In an instant, GM has renigged on their offer of $1000 for anyone trading in another luxury marque even after they have placed an order for their car. Is it just me, or does anyone else think this is an unfair business practice on GMs part? Whether I purchase the car off the lot or place an order for it from the manufacturer, any incentives offered at the time of signing should be locked in to the customer. Dropping a rebate is one thing. Pulling it back from a customer who has already ordered the car is just dirty business as far as I'm concerned.
  • bryanbryan Posts: 217
    While I understand your frustration, my understanding is that you get what rebates, low finance rates, etc. are in effect at the time you take delivery of your car, not when you order it.

    In May 2004, I was looking to buy a Bonneville GXP. Could not find one locally (northern VA) I wanted, so I special ordered it. Got a screaming deal! And, at the time of my order, the rebate on Bonnys was $3,000. Got a call about a week later informing me that Pontiac was not building any more 04 Bonnys, but was transitioning to the 05s. So, I could order an '05 (no time frame for delivery was available at that time, no rebate either), or try to find an '04 in a dealer's stock.

    I found an 04 GXP in Delaware that was scheduled for delivery to the dealership about a week out optioned exactly as I wanted. While not my first choice for color, it was my second choice, and I decided to purchase the car. I did all that over the phone, and they matched the price. At the end of that week, I went to Delaware and made the deal. That was a Friday, and the car was delivered to the dealership the following Monday. I picked up the car the next Friday, and Pontiac had increased the rebate from $3,000 to $5,000 a few days days before I took delivery. I got the higher rebate, even though the paperwork was written before the rebate was increased--the rebate was based on my delivery date.
  • cruzer42cruzer42 Posts: 6
    I got a call from the salesman that my car was in and that the $1000 rebate was no longer in effect. I thought for sure this was a bait and switch deal so when I went to pick up my car the next day, I brought a bank check for the amount we had agreed upon after all the haggling was done. If they wouldn't accept the check, I was so mad, I was going to walk. However, much to my surprise, instead of the $1000 rebate, the dealer discounted some of my options to make up for the $1000 and they accepted my check. Even though I missed the rebate, I still got the original agreed price. Now that's a good dealer. He still made money and I'm a happy customer.
  • 150mphclub150mphclub Posts: 317
    Cruzer, you should name this dealer so that others will know who treats their customers well.
  • cruzer42cruzer42 Posts: 6
    The dealer who honored my price after the rebate offer was nulled and voided is Martin Cadillac in Englewood, N.J. Like I said he still made money and I walked away a satisfied customer.
  • 150mphclub150mphclub Posts: 317
    No build date for my car yet. Dealer says Cadillac has put restraints on PDW package. Beginning to remind me of the old Cadillac (GM)--try to sell them what GM wants to sell, instead of what the customer wants to buy.
  • bingomanbingoman Posts: 373
    Sounds reasonable to me. I had to wait 13 weeks in '74 for a ford product that was taking 6 weeks for delivery because of a part from a supplier that was in short supply.

    That factory cannot always anticipate the demand for a particular accessory. Other things, such as a strike at a supplier or a production line breakdown or a material shortage somewhere in the supply line can cause a delay in the delivery of a desired part. Chevy may have to shut down its entire Malibu production because of a strike at a plant that produces a part for its rear axle.

    So good luck on your new car. I hope it is not delayed too long.
  • jeffcarsjeffcars Posts: 11
    How close are people getting to invoice (not including current incentives)? 08, SIDI, AWD?
  • 150mphclub150mphclub Posts: 317
    It has been two months since I ordered my CTS. Still no build date.

    I read this morning that GM just posted a 3.3 billion loss. Go figure.
  • jeffcarsjeffcars Posts: 11
    How was it to negotiate an ordered CTS? I'm thinking of doing so, since all the CTS' on lots right now are fully loaded or nearly so. I want a base SIDI, not even sure I want to pay for leather. I would think you would get a good deal on an ordered car. How did you do on price? How much above invoice? With the economy, I would think this is a buyers market.
  • paopao Posts: 1,867
    last day to order an 08 was last Fri per my dealer....I was getting about %2 above invoice if ordering....close to full MSRP if you took if off the lots....most dealers here in Northern VA cant keep them in stock...thus they are commanding the nearly full MSRP.....but all were willing to give me a deal if I would order it....
  • 150mphclub150mphclub Posts: 317
    I put a $1000 deposit on a CTS at invoice (according to edmunds.com). Turns out it was NOT such a good deal, because the dealer still has my deposit, and I don't even have a prospective build date.
  • jeffcarsjeffcars Posts: 11
    Sounds like it is too late to order a car, my SmartBuy runs in July and it sounds unlikely to get it built before then based on your experience. Too bad, I was hoping for getting it at or near invoice like my last 2004 CTS.
  • 150mphclub150mphclub Posts: 317
    My dealer contacted me this afternoon to say my car will not be built, and he will return my deposit.
  • 150mphclub150mphclub Posts: 317
    I have received email from two dealers advising that they have ordered a 2009 CTS just the way I want it:

    6DP69-Rear wheel drive, automatic transmission w/ Direct Injection, 1SB Package
    Radiant Silver Ext / Ebony Leather Int
    PDR-CTS Performance Collection
    PDW-CTS Performance Luxury Pkg
    CFN-Sunroof Option "Not Desired"
    SGC-"Spare Tire Not Desired"

    Should be interesting.
  • jeffcarsjeffcars Posts: 11
    When will this be delivered?
  • knotemknotem Posts: 62
    Since GM didn’t announce 2009 CTS prices yet, can you tell us how much are you going to pay above invoice?
    Is there's any increase from 2008 prices.

    Thanks
  • 150mphclub150mphclub Posts: 317
    I don't know. No build dates yet.
  • 150mphclub150mphclub Posts: 317
    I don't have a price. I have not agreed to any deal yet.
  • jeffcarsjeffcars Posts: 11
    Did I lose out on the GM loyalty incentive? Lease incentive?
  • ltcadviserltcadviser Posts: 38
    They have tons of base models at the dealership I visited today. At least I think they were base models. MSRP's were about $38000
  • bingomanbingoman Posts: 373
    How many base models in a ton?
  • dallasdude1dallasdude1 Posts: 1,139
    GMS is supplier pricing, which is good, but not as good as the employee pricing. Your company is a supplier for the auto industry lets you enjoy a 3% or 4% over dealer cost pricing. It should be noted that there is a 4% "hold back" in the dealer cost.
  • kyfdxkyfdx Posts: 28,008
    Actually.. GMS is employee pricing...

    I'm not sure what the 'S' stands for.... but, it isn't supplier..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • tribmwtribmw Posts: 3
    Looking at purchasing a 2008 CTS, what is a fair price over invoice today?
  • Anybody bought a CTS lately? What should you expect beyond red tag pricing?
  • paopao Posts: 1,867
    you probably arent going to get anything off the redtag sale.....I bought one during the employee discount offer last month...09 CTS fully loaded....was almost $8K off the MSRP...the CTS is still a popular model.....they are selling extremely well here in northern VA
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