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Cadillac CTS Prices Paid and Buying Experience

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Comments

  • paopao Posts: 1,867
    GM isnt giving the cars away...you can get them for less than MSRP..but still expect to pay at or slightly above invoice...unless you have GM card points and other incentives....a fully optioned DI AWD will probably still run in the low to mid $40Ks out the door.....from what Im seeing in my area....but shop around

    bought my 09 CTS non DI RWD fully loaded MSRP 49,500 for just over $42K last Sept during the employees pricing sale....put another 5K down and financed the rest.....
  • shoeles2shoeles2 Posts: 3
    I just bought a cts base model with msrp of 39,500 at the end of Feb. Believe it or not, I got it for 26500. I had a 4000 rebate on a lease return, and I think I got lucky buying on the last day of the month. The neg. price before the rebates was 34,500, a full 3000 below invoice. It's really sad to see them selling cars at this price.
  • twain809twain809 Posts: 7
    I'd like to agree on a price for a 2009 CTS based on an amount based on invoice.

    1) If I go to kbb.com and price the car with options, is the Invoice amount they show a legitimate Invoice amount (and equal to what the dealer would be invoiced by GM)?

    2) What is a reasonable amount for X in: Invoice + $X? X=$500? X=$700? I think Invoice +$X plus all applicable incentives (for example, March's incentives equal $2,500, so my price would be Invoice + $X - $2,500.

    I have no trade-in, not coming off a lease; this is a straight purchase.

    I live in the Northeast. Don't know if that has any impact on X.
  • twain809twain809 Posts: 7
    If the dealer I'm working with has located a car at another dealer, does my dealer need to give the other dealer a cut of the profit? If so, I presume this would make it harder for me to get the best price because the two dealers need to share the profit, yes?
  • paopao Posts: 1,867
    no, more than likedly they will trade inventory.....my dealer found my CTS at another dealer...about 50 miles away.....they simply traded similiar vehicles out in my case...IMHO should make no impact on the sales price or your deal.....or ability to get a good deal.....if the dealer tells you otherwise.....walk away
  • paopao Posts: 1,867
    edmunds invoice cost usually doesnt reflect the advertising fee GM passes to the dealerships....usually around 2-3% of the cost of the vehicle if I recall correctly...havnet looked but does edmunds include shipping fee as well? ...but otherwise it should be spot on....

    I usually go in a few hundred over invoice.....some dealers are flexible with the advertising fee...some are not......but you logic is sound on your approach....
  • twain809twain809 Posts: 7
    The dealer has agreed to Invoice less any incentives that are in effect at time of delivery. They are changing a car that they have entered into the GM production system to match the specs that I want.

    The dealer is asking for a $2,000 deposit.

    What do I need to do to ensure all is good? I presume I'll get a receipt of the deposit. I'm obviously taking a chance that they're still be some decent incentives come April when the car is delivered, but is there anything I need to do to ensure they make good on their promise to sell at Invoice?
  • paopao Posts: 1,867
    get a signed sales agreement with your total price, less your deposit and the order number on it. with a signed sales agreement you are protected against any manufacturer price increase.....whether or not you will be eligible for incentives at time of delivery I dont know about.....most incentives are tied to existing dealer stock and not specific customer orders......again...get it in writing from the SALES MANAGER.....not just your sales man....

    make sure they can change the specs on the car too...if the order from the dealer has already been accepted...believe its code 3000, its too late to change specs, if the order is just sitting in the dealers order que awaiting an allocation, then it can still be changed.....order allocations to dealers are released weekly, however the dealer should now how many he can order in any one given month...

    dont leave with just a receipt for your deposit...
  • cdfinneycdfinney Posts: 4
    Well my wife and I went looking at the new CTS and was quoted prices about $4000 off MSRP. That was fine, but then I learn that If I was coming off a lease they would give me another $4000 off totaling $8000. I just can not sign the papers for a new car knowing someone else can just walk in and get a $4000 lower price. This is only for for someone who is coming off a lease and it doesn't matter what brand of car you leased. My problem with that is that I own Sierra Denali and a Grand Am. So I called GM and let them know I will not buy any more cars from them. Beautiful car, but thats 10% of the cost.
  • paopao Posts: 1,867
    national incentives Im sure...but the dealer is the one who ultimately sells the car for the $$....did you pass the same information to the dealer..........got mine during their employee pricing offer back in Sept....and got $7500 off an MSRP of over $49K....
  • I agree. I am in the market as well - but I can't swallow spending so much $$ when I know that others are paying $4000 less for the same car than I would - nothing fair about that. Then, I see that the Lexus 350 and Audi A4 (though this one is smaller than the CTS) are WAY cheaper than the CTS. I'm going to check those out and see if they are any good.
  • paopao Posts: 1,867
    so why not challenge the dealership to match the price....if they are eager to sale....they certainly might negotiate....when comparing the A4 and the 350...depends on the options you put on them when comparing to the CTS....looked at the A4, but the GM drive train warranty and the price optioned out the way I wanted the CTS couldnt be matched.....

    also didnt want the sky high maintenance prices Audi and Lexus charges either....
  • temj12temj12 Posts: 450
    When a dealer gets a car from another dealer, the dealer with the car gets to keep the hold-back. The hold-back is about 3% (I believe) of the msrp. It stands to reason that they can't make the deal with you that they could if they had the car in stock. In addition, there is the transport charge that they incur with a driver to bring the car to them. The hold-back is a fee that the corporation pays the dealer for each car sold. Incidentally when you look at the invoice, this is a hidden profit that does not show
  • twain809twain809 Posts: 7
    I recently purchased a CTS and wanted to pass on the info for the dealer where I got it:

    Valley Cadillac
    3100 Winton Rd South
    Rochester, NY 14623
    http://www.valleycadillachummer.com/

    I live in NYC and contacted a number of dealers via the internet. One of the larger dealers in NJ just across the river did not respond to emails, and when I called him, he sounded like the stereo-typical New Jersey salesman. He offered to sell a car to me at invoice.

    After contacting Cadillac (faq@cadillac.com) to ask where I might find the CTS with the specs that I wanted, they sent me a list that included Valley Cadillac. Instead of firing off an email to them, I called and was put through to a salesperson. I don't know if she is the only salesperson on their team, but she was good. Ask for her and tell her the guy from NYC sent you.

    In fact, the price was good enough that I still saved $$ even after accounting for the cost of my one-way flight from NYC to Rochester to pick up the car. The drive back to NYC (5 hours or so) was a perfect way to break in the CTS!
  • temj12temj12 Posts: 450
    You did not mention the discounts that you got. When I bought mine in January, there was a credit union discount, loyalty cash, bonus cash and, in my case, credit from my GM Mastercard.
  • twain809twain809 Posts: 7
    While there were a number of discounts out there at the time, I did not qualify for them all. For example, I am not a member of a credit union, so while this discount was available, I could not take advantage of it. Neither did I have a family or friend who worked at GM, otherwise I might have gotten the employee pricing. Similarly, I couldn't take advantage of the $4,000 discount for terminating a lease as I was not leasing a car.

    In the end, it was the $2,500 cash discount plus a $1,000 private offer that GM made to me.
  • cdfinneycdfinney Posts: 4
    I did talk to 5 dealers in my area and none did anything about the $4000 difference that i wanted too. the owner of Mataga in Stockton did plead my case to a rep, but to no avail. I also called Cadillac that did not work either, but they did send me email w/ a 1k coupon. anyone thinking of buying should call and complain. I did find a dealer in LA that has some w/ 9k off. that puts me at 10k off only 500 short. it is my wife's dream car, so i may pull this trigger.
  • bingomanbingoman Posts: 373
    who did you talk to in LA and what part of town?
  • temj12temj12 Posts: 450
    You can become a member of a credit union. My two credit unions open membership to anyone who wants to buy a share. The cost is just $25 for that share and that opens your membership. Become a member of a credit union. Some may be for employees only of a certain company, but some are open to anyone. It was a 2,000 discount for me, but I belonged to two. I never showed any proof; I just told them that I was a member of a credit union. Maybe they just trusted me for some reason.
  • wvgasguywvgasguy Posts: 1,405
    I got excited. Saw $7000 capital reduction for leases on the CTS available. In addition I would have GM supplier pricing, a $2000 capital reduction for leasing a vehicle with an expiration date before 10/31 and possibly another $1000 bonus cash. Additionally I would get about $2500 off with the supplier pricing. So a $45,000 CTS becomes something like a lease on a $32,500 Cadillac.

    Here's the rub. The lease rate right now for GM Smart lease is 24%. I laughed at them as I walked out. I called a dealer in another town and he too came back with the 24% interest rate. I said I don't know how you could tell a customer that with a straight face. He said yeah, right. He's pretty upset too.

    If this is what GM is using my tax money for then the sooner they go out of business and turn this over to someone wanting to do business the faster their recovery will be.
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