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2013 and earlier Cadillac CTS Lease Questions

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  • poykayilpoykayil Posts: 9
    Car_man

    Do you know if the Ally incentive is being offered on CTS-V models?
    Also what the numbers would be on 36 month 12k lease?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome coachknight. See you there.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi poykayil. Ally's current base lease rate and residual value for a 36-month lease of a 2012 Cadillac CTS-V with 12,000 miles per year are 0.95% and 48%, respectively.

    GM is providing a $6,175 cash incentive on 36-month leases of this car through Ally.

    Car_man
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  • Do those interest rates/residuals you quoted me on the V Wagon stay the same for a 39 month lease?

    Also, does the $6175 cash back mentioned for the V sedan above also apply on the wagon?

    Thanks so much!

    On a side note, how do you know these things? Do you work for Ally? I guess you don't have to tell me if you aren't allowed / don't want to.
  • Have a question for the experts within this forum. I am looking to lease a 2012 cts sedan 3.7L v6 awd premium. It stickers at $55,075. The lease deal that I received is 36 month 12k per year at $590 per month with $0 down/out of pocket. Its payoff is $24k at lease end. Is this is a good deal? Am i crazy to pay $55k for a cadillac cts? The vehicle is pretty much loaded with every option.
  • I want to know if this lease is a good deal. Its a 2012 Cadillac CTS 3.6L AWD Premium. It stickers at $55k. The lease is 36 months 12k per year. $590 per month with 0 down/0out of pocket. Its payoff would be $24k at lease end. Am I crazy to lease a $55k Cadillac CTS? Please let me know. Thanks.
  • mixenmixen Posts: 11
    Friday, I signed a deal for a 2012 CTS Luxury edition with AWD and sunroof. 39 months. 39,000 miles. $400 per month; Due at signing -- $400 plus sales tax. Interest rate is .95 percent and residual is 46 percent. I got a lease rebate of $6175 and $2000 private offer rebate. The MSRP was about $44,225. The lease was based on a negotiated price of $42,000 which is about invoice price.
  • Hi Mixen!! Did you qualify for the "competitive lease rebate"? if not! please let me know the name of dealer. Thanks!
  • gohattersgohatters Posts: 10
    Can someone outline the rebates you are talking about?

    I want to look at a CTS RWD base automatic and it seems like the incentives are good right now. Mixen's deal seems almost unreal!

    If MSRP is approx $30, what can i expect to negotiate down to?

    I can't seem to get my numbers to work out to where you are. I don't want to even go to the dealer to look without knowing a framework for payments. Thank you!
  • gohattersgohatters Posts: 10
    nevermind. i wend back and found the info. Also, these rebates must be the reason for the pretty stellar lease deal being offered by corporate. $2k down & $328/mo for a base CTS Sport. That's pretty cheap. There must be a re-design coming soon or something
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey brickfrenzy. The lease rate should be the same for a 39-month lease as they are for a 36-month lease, but the residual values would be 2% lower.

    The cash allowance for a 39-month lease of a CTS Wagon through Ally would be $5,675.

    I know these things because I'm the Car Man :shades: .

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings parkside1. You never mentioned what this car's selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is more difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what the selling price is and I'm sure that either myself or another helpful community member will gladly tell you what they think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    hi gohatters. If I was in the market for 2012 Cadillac CTS right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus any available cash incentives. You can look up the invoice price of the exact car that you want over in the New Vehicle Pricing section of Edmunds.com.

    As far as the incentives go, General Motors is currently providing a whopping $6,175 cash incentive on 36-month leases of the '12 CTS Sedan through Ally.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi All,

    I just got the first offer (in writing) from the dealer. What are your thoughts? I know I can do better, but not sure whether this is close to the best or simply their worst?

    Our List Price 66,690.00
    Discount Savings -3,484.70
    Vehicle Selling Price 63,205.30
    Document Prep Fee 55.00
    License / Title 512.00
    Tire / Battery / VTR Fee 8.75
    Bank Fee 795.00
    Tax on Collected Items 833.88
    Total Cap 65,409.93
    Down/Cash Cap Reduction -1,355.00
    Rebate Savings -8,175.00
    Net Cap 55,879.93

    Base Payment 734.71
    Monthly Tax 64.29
    36 Month Payment 799.00
    Down/Cash Cap Reduction 1,355.00
    1st Payment 799.00
    Due On Delivery 2,154.00
    Rate 0.95 %
    Annual Miles 15,000
    Residual % [66,690] 46 %
    Residual Amount 30,677.40
    Tax: 8.75% TAX 8.75 %
  • mixenmixen Posts: 11
    Hey alialex12:

    If by "competitive lease rebate," you mean the rebate for being a current lessee of a non-GM car, then no, I did not qualify. You cannot combine the private lease offer and the competitive lease rebate. However, my deal was revised somewhat by virtue of the fact that I wound up using 1500 GM points. So, the monthly went down from $400 to $360, but my out of pocket at lease signing went up to $800 plus tax. The dealership is North Bay in New York.
  • tschaitschai Posts: 14
    I just picked up a 2012 CTS Coupe Performance(White Diamond/Ebony) 2 weeks ago in Los Angeles. 39m/12k at $440/month(tax inc) through GM Financial. 50% residual @ 1.045% rate. Absolutely zero drive-off. I was a current lessee of a competitive vehicle. The payment through Ally was actually higher.

    MSRP: $45,820
    Residual: $22,910
    Gross Cap. Cost: $43,857.66
    Cap. Cost Reduction: $6,300
    Adj. Cap. Cost: $37,557.66
    Rent Charge: $1,131.74
    Total base monthly payments: $15,779.40

    Base payment: $404.60
    Tax: $35.40
    Total Monthly: $440.00
  • Can I ask you which dealership this was?
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    That's a good deal... nice job!

    Moderator - Prices Paid, Lease Questions, SUVs

  • vinprovinpro Posts: 4
    edited March 2012
    Hey Car Man,
    What is the rate and residual for a 15,000 mile lease on a base 2012 CTS Coupe right now?

    For 24 months and 36/39 months?

    What are the lease rebates?

    Thank You
  • la_davela_dave Posts: 1
    The Cadillac customer service department promised me a customer appreciation certificate, but when I went to have them set it up for me to use it, they told me that it didn't apply to my deal. No mention was made of this when they made the commitment when I told them I needed help because I was under water in my BMW lease. Hardly a way to treat someone who's switching from BMW. Anyway, does anyone know how to contact Cadillac corporate customer service so I can see if they're willing to make good? Thanks, David :cry:
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