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Cadillac CTS Prices Paid and Buying Experience

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  • hallie72hallie72 Posts: 1
    okay, so we didn't really get that much off the invoice price but we went to Mike Kelly Chevrolet Cadillac in Butler Pennsylvania, and they were very nice and friendly. they actually just threw in a couple hundred worth of extras so we came out satisfied. we bought it at around 38,800 give or take a few i already forgot!
  • Karen_CMKaren_CM Posts: 5,020
    A reporter from a large newspaper is looking to speak to consumers who is considering purchasing a Cadillac or have purchased one this year. Please send your daytime phone number and the vehicle you own to ctalati@edmunds.com by Thursday, June 25, 2009.

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • I recently went to a dealer for quotes on the 2009 CTS. The 48 month lease (12,000 mi/year) quote was $540/month and the financing quote (0% for 72 months) to purchase car was $550/month. No money down for either quotes.

    I've always leased my cars for no more than 39 months. So, is 48 months too long to lease a car (i.e. is it worth it)? Since I've never financed a car for purchase before, is 72 months too long of a time period to finance?

    HELP!
  • vinnynyvinnyny Posts: 780
    Assuming that both payments include EVERYTHING (taxes, tags, and ALL fees) and assuming that you have no tax incentive to lease, then it really depends on how long you are likely to keep the car. With the lease, you are essentially locked in to the car for the full four years (you could get out sooner, but it will cost you big money). With the purchase, you can plan to keep the car for the full 72 months, but sell it at any time you choose. Either way, I would buy GAP coverage in case the car gets totalled.

    Personally, I would buy the car so I could get rid of it if I decided I hated it or if my circumstances changed.
  • Thank you vinnyny!
  • I am going to be looking for a new CTS this week. I am going to pay cash and wonder what kind of a discount there is available? Does anyone know if the incentives will change after OCT. 1st. The 2010 is about to come out,,, wait or buy now. I will keep it at least 6-7 years.
  • You have to determine your situation, howlong you plan to keep the car and stick to it. The 4th year of lease doesn't depreciate too much, so it lowers your payments. You have a 4 year warrenty, but with the 4th year you may need to buy tires. With the lease you have locked in your trade in value, but can use the 60 day return option.

    For buying at 0%, I don't think it matters how many months you get the loan for. It will average out to the same overall cost no matter what, so you may as well go for 72 moths.
  • Usually there is no discount for cash. The dealer gets their $ with cash or loan.

    Normally we have to wait until the next month to see what the rebates will be. Currently there are none on the 2010. If they don't have specials in Oct, Cadillac usually them near the end of the year.
  • I'm confused, it appears to me that the last post was Sept 09, why has everyone stopped posting ?? Is no one buying CTS's ???? How about leasing ??? Nothing ????
  • kyfdxkyfdx Posts: 27,643
    The CTS Lease Questions discussion has recent posts... you can find that discussion, here: http://townhall-talk.edmunds.com/direct/view/.ef9d9d4/520

    Just be sure to come back here and tell us about your shopping experience!

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Well, one reason was GM essentially stopped leasing in mid 2009 and didn't restart again until mid-late 2010.

    That said, this is not the leases forum - it's the prices paid forum...???

    We are buying a CPO 2008 CTS this week, i might post some details here, after its delivered. I'll probably get told that i got taken to the cleaners, but it's only money.
  • I purchased this car out of state, from Towell Cadillac in Akron Ohio, and negotiations were done via phone and fax. I have a fax from the sales person with his handwritten note stating that the "in service" date was January of 2010. The car in question is a Certified 2010 CTS Sport Wagon with 1,250 miles on the odometer. Thanks to my servicing dealer, I found that the actual "in service" date was May of 2009. Essentially, I've been shorted 7 months of factory warranty. I called the sales person about this issue and he promised to call back after doing some "research". Towell charged me $1695, or $70.26 for each month of certification coverage. I think that the missing 7 months of warranty should be worth at least $70.26 x 7 months or $494. After numerous phone calls to Towell Cadillac concerning the warranty on my CTS, they freely admit that I was mislead about the "in service" date on the car. I've been shorted 7 months of factory warranty and they refuse to make any refund. I thought some of the Toyota dealers skirted pretty close to the edge, but Towell's behavior is flat out unethical. It took ten years to get me back into a domestic car and the deal really leaves a sour taste. I really do like the CTS sport wagon, but every time I look at it, I'll be thinking about how Towell hosed us. Towell sells a lot of cars on the net, especially E-Bay. They probably get a lot of out of state buyers, and couldn't care less about repeat customers.
  • vinnynyvinnyny Posts: 780
    Write a letter to the general manager threatening a lawsuit. Include the fax, your contract, and any other documentation you have. Send it via certified mail with the GM's name on it. Tell him all you want is the $494 now but you'll obviously be seeking more if you have to pay a lawyer. Appeal to his sense of fair play. Concede that we all make mistakes but what matters is how we respond to them. He'll cut you a check if he has any sense.
  • Actually, it gets even better. Towell Cadillac charged me $1695 for the certification. When I picked up the car the battery was dead, the tire inflator kit was gone, and the recall for rear suspension was still outstanding. I've got to wonder exactly what was checked for the certification. Clearly, if they had run the VIN, the outstanding recall would show up. The dead battery and missing inflator kit leads me to think that they did squat.
  • Certified letter going out in the morning, followed by a complaint to the Akron, Ohio BBB. I posted this story on cadillac dot (you know the rest). A couple of days back, another of Towell Cadillac's victims came out of the woodwork. He bought his car on or about March 25. Turns out they gave him the same exact "in service" date that they fed me, and like me, he was shorted 7 months of factory coverage. Looks like a pattern to me: Lets screw the out of state buyers. They are not going to bring suit in Ohio
  • paopao Posts: 1,867
    $1695 charged to you to "certify" the car....that in itself is a ripoff if that was an additional charge to you above and beyond the purchase price..now is it a dealer certification or a GM Certified Used car....just curious....
  • The car is GM certified. I had my local dealer run the VIN and the car showed up as being certified. The $1695 was above and beyond the purchase price.
  • paopao Posts: 1,867
    so the 1695 was a dealer add on for exactly what...the fact they sold you a certified car?.....that is a ripoff!
  • kyfdxkyfdx Posts: 27,643
    The $1695 is for the certified warranty..

    That's the only part of certified that means anything...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • The Cadillac CPO program is pretty good. It essentially extends the bumper to bumper coverage another 2 years or to 100K, whichever comes first. GM charges the dealers 1K for the warranty and the dealer pays for the vehicle inspection. Buyer costs range from $1200 to whatever the traffic will bear. IMO, Toyota platinum is a much better deal, but Toyota doesn't make the CTS.
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