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2013 and earlier Cadillac CTS Lease Questions

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  • mb6mb6 Posts: 3
    Car Man
    I just put 50,000 miles on my 06 Accord in my new job. Exactly 12 months ago next week I took out a 60 month loan. I now need a bigger car for the road.
    2 questions:
    (1) The best road vehicle? Cadillac STS/DTS, Lincoln Town Car, Chrysler 300c, Lexus 460 or GS330h, or even Toyota Avalon.
    (2) Whatever I get will have 150,000 miles in 3 years….. Should I lease or buy?

    MB6
  • flightnurseflightnurse 35K feetPosts: 1,672
    MB6

    the kind of car for you is ALL objective.... You need to do some leg work and check them out yourself..

    Now regarding leaseing, I would RUN from a lease if you plan on driving 150K miles in 3 yrs. As far as trade in goes when cars have over 100K there isn't much value there. The best thing to do it pay cash for a car if you can.
  • mb6mb6 Posts: 3
    Car Man

    Thanks for the input. At 50,000 miles per year I will stay away from a lease. However, cash is not an option. It's either a straight loan or GM smartbuy. Any preference?
  • Car Man,

    This is the numbers I have been quoted from emails.

    07 CTS-V
    MSRP is $53,470
    Invoice $49,099
    TMV $49,473
    minus $ 3,000
    Tags,fees,taxes $2100

    I am assuming I can get the car for $46,473, including 3K cash allowance. My trade in would decrease my taxes to $1K and another ~$300 for fees and $750 for tags. Could you please give me a lease quote for 24 and 36 month lease, with 12K/yr.

    Thanks,
    Craig
  • Car Man,

    Do you still patrol this forum? Any news on Cadillac CTS-V lease numbers? Cap cost? Money factor for 36 or 48 month leases?

    Thanks,
    Craig
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi qwazr. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac CTS 3.8L with 10,000 miles per year are 3.95% and 56%, respectively. The $1,700 lease cash is available on all Bose Edition CTS models. The $1,000 conquest cash is available to all owners of non-GM vehicles. These two offers can be combined. I don't believe that GM is currently offering any loyalty cash on the '07 CTS.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi felbie1. If you are able to get this car through General Motors' supplier purchase program, then you should be getting a good deal on it. I doubt that you will be able to do better than the supplier deal by negotiating on your own. GMAC's 39 month lease rate is the same as its 36 month rate, but its 39 month residual value is 1% lower.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi flightnurse. General Motors is running a special lease program on the 2007 Cadillac CTS right now. Unfortunately, the $3,000 consumer cash that you mentioned is not compatible with GMAC's special lease program for this model. Having said this, GM is providing $1,700 lease cash on Bose Edition CTS models plus an additional $1,000 conquest incentive for current owners of non-GM vehicles. GMAC's current base lease rate for the '07 CTS is 3.95%. You can plug the above information, along with the prices that you were quoted into the formula that is outlined in the following article to work up a sample payment on this car: Calculate Your Own Lease Payment.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mb6. Why do you need a bigger car? If I was in your situation, I personally would rather drive the Accord into the ground than get something new. Unless you made a very large down payment on your loan, you are likely very upside down on a one year old Accord that already has 50,000 miles on it. It will be much less expensive for you to continue to drive you Accord for another couple of years than it would be to pay off any money that you are upside down on it and then put a ton of miles on a more expensive vehicle. I definitely would not lease if I drove 50,000 miles per year.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Mb6, GMAC's SmartBuy program is very similar to a lease. You probably would be best off going with a conventional loan on a car that you plan on putting 50,000 miles per year on.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Craig. GMAC's base lease rate and residual value for a 36 month lease of a 2007 Cadillac CTS-V with 12,000 miles per year are 3.95% and 56%, respectively. The numbers for an otherwise identical 48 month lease are 3.95% and 48%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert these lease rates into approximate money factor equivalents by dividing them by 2400.

    the $3,000 customer cash that GM is providing on this car is not compatible with GMAC's lease program, but GM is providing a special $2,900 lease cash incentive that is. Make sure to take this cash into account when negotiating your car's capitalized cost.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • sderosesderose Posts: 3
    Any information yet on the 2008 CTS? If there is I would be interested in rates and residuals for 24 and 36 mos with 12,000 miles per year.

    Thanks
  • I'm interested in this as well.

    I just went and test drove one and they said 71% for 24 months and 12k miles a year but then quoted the money factor at 6.15% which sounds high.
  • Carman,

    Can you please respond to the 2008 CTS lease data? I'm interested as well in lease rates and residuals for 36 mos at 10K and 12K miles/yr.

    Jabber
  • I was quoted as follows:

    24 month/15k miles: residual value 69%
    36 month/15k miles: residual value 59%

    I was also told the interest rate was 5.9%.
  • I'm trying to keep my lease payments to around $600-$650.

    This is what I received from my dealer without any negotiations:

    Fully loaded MSRP $46,655
    $1,258 down

    48 month/18k miles: residual value 50%: $767/mo
    48 month/15k miles: residual value 50%: $730/mo

    Interest rate 5.15%

    They also offered me $1000 rebate because I owned a non-GM luxury car.

    I did the lease calucator and the numbers don't add up to the ones I got from the dealer. Could someone help me out? Give me some tips on how to lower my payment to $600-$650 range. Thanks.
  • There is a $500 Cash to Dealer incentive running until 10/01/07 according to Edmunds. See if you can get the dealer to pass that through to you now that you are aware of it. That will help somewhat.

    http://www.edmunds.com/new/2008/cadillac/cts/100905465/incentives.html#leasing
  • topgun7topgun7 Posts: 409
    There is definitely something really screwy in your number. You didn't mention how tax is handled in the state that you live in. Without tax, the lease payment should be around 636 a month assuming that you pay MSRP and your upfront downpayment pay for the vechicle license, acquisition cost etc. The best way to get a better deal is to negotiate with more than one dealer and the residual they quoted you is screwy. I don't know if GM even offer 18K mi/year lease, but the residual would not be the same as 15K mi... May be you can insist on getting a break down on cap cost, interest rate (which you already have), residual (which you have) and additional fee (some document fee and acquisition cost is legit.. but other may not be legit).. Try using this calculator to play around with the number that you get from one or more dealer...

    http://www.leaseguide.com/calc.htm
  • jhyoojhyoo Posts: 13
    Anyone get any good quotes or leases lately?
  • hemi05hemi05 Posts: 5
    Oct 1, 2007 I tried to order 2008 CTS with 300 HP engine, PDP luxury collection ($2600), crystal red tintcoat ($995), all-wheel drive ($1900), and luxury level two package ($2025), but each time we selected the luxury level two package, GM's order system would remove all-wheel drive. Apparently you cannot get luxury lever two package with all-wheel drive. Anyone experience this problem?
  • hemi05hemi05 Posts: 5
    I ordered '08 CTS on 10-1-07:
    2008 CTS w/1SB 34,545
    AWD 1,900
    Red paint 995
    PDP luxury 2,600
    Destination chrg 745
    Total MSRP 40,785 (residual = 72%)
    After GM supplier discount, my buy price was $38,192.
    27 month lease, 10k miles/yr, rate/money factor 4.40.
    Base monthly paymt=$476.88, + PA tax $42.92, total=$519.80/mo. I'm pre-paying entire lease @519.80x27=14034.60 (less possible incentives, if available at delivery, of $1000 "conquest" and $500 dealer cash=$12,534.60.
  • Have access to the GM Supplier Discount. Understand GM has $1,000 Conquest Incentive and $500 Marketing Support. Are these programs compatible with Leasing under the Supplier discount program. Also, looking @ at 36/39 Month lease. What interest rate is currently out there.
  • You are absolutely correct. There is some new ordering pattern that you can not get the AWD with the Lux 2 package unless I believe you get the premium luxury group and even then apprently you can not get the performance suspension. I was all set to buy and cancelled my order because of it.
  • jhyoojhyoo Posts: 13
    Can someone please tell me the residual and money factor for an 08 CTS w/ direct injection with the Premium Luxury Collection and all wheel drive. I'm looking for either a 24 or 36 month with 18,000 miles per year.
  • jhyoo - Over the weekend I got .057 money factor, .69 residual for 08 w/ direct injection with the Premium Luxury collection and rear wheel on a 24 month, 15K lease. That's a start I guess. I tried for a better factor but they wouldn't budge. They could tell I wanted that car. So far worth every penny.
  • topgun7topgun7 Posts: 409
    "jhyoo - Over the weekend I got .057 money factor"

    do you mean 5.7%? GM normally quote interest rate not money factor.. A money factor of 0.057 translate to 13.68% of interest.. It is way too much.. The 69% residual is very good number. I leased an 07 G35 in May and the residual was 66% for 2 yrs/12K mi.. So GM is thinking highley of CTS at this point which make leasing a CTS a good proposition. And if it is a 5.7% interest, it make the car a lease bargain..
  • jhyoojhyoo Posts: 13
    The numbers that I got from the dealership were 59% residual and 6.25% MF for 36 month / 18k miles. I got a quote for an 08 with DI, Premium luxury package, and AWD for $42,013. MSRP was $45,355 and invoice was $41,399. Not too bad. It came out to roughly $670 per month including taxes (7.4%). I passed it up and going with an 08 FX35 AWD w/Tech, HF, and Touring for $650 per month on a 24 month lease.
  • piasonpiason Posts: 55
    Has anyone heard the Bose 5.1 surround sound in the new 2008 CTS?

    - Is it worth the extra $1000?
    - I have 5.1 surround sound in my home and the only way to hear it is if you have a CD/DVD with 5.1. Does XM broadcast in 5.1 and what about FM?
  • Yes, I do mean 5.7%. Sorry for the confusion.

    I've been very happy with this car so far.
    Handling is great, very comfortable (I'm 6'4"), good jump with the 3.6L engine.

    Hopefully Cadillac (and GM as a whole) can build more cars like this. This car will compete with the Acuras, BMW and Audis of the world. And might actually win.
  • Does anyone have the Nov 07 lease rates for the CTS DI?

    Drove one today and loved it. It didnt have the sport pkg which I want and can imagine it is even better with it.

    Anyone try the Navigation? this dealer was all out, curious how the popup works.
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