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2013 and earlier Cadillac CTS Lease Questions

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  • golfman2golfman2 Posts: 4
    I am interested to know the residual and money factor for the 2.8L CTS for a 24 month lease at 10K per year.

    A local dealer has a 2.8L with automatic for $169 per month with $1995 down plus $695 bank fee plus $169 first payment plus tax (which I estimate to be about $900) plus DMV fees (around $200). Total out-of pocket is around $3950. Normally, I think paying anything down is crazy for so many reasons, but I have $2000 in GM card points and a $1000 loyalty coupon from GM (to resolve a prior complaint I had). So my total out of pocket (including 1st month) would be $950 and I would have sweet monthly payments of $169. I assume this is a great deal, but I still am curious to know the residual and money factor.
  • salugasaluga Posts: 2
    I'm working with a dealer on a fully loaded 2007 CTS ... per the last e-mail, MSRP is 38,975 and "my price" would be $36,414 ... CTS 3.6L Bose edition with navigation system. Can I get any lower ? I'm new to leasing so not sure what to expect re monthly payment - we have't gotten to that part of the process yet .. he was suggesting 39 mo lease, and I'm thinking of the 12K mile option -- any thoughts ? I'm meeting him tomorrow a.m. - thanks
  • What state is the person who negotiated a lease for $169/mo in? Gosh, I just tried to negotiate a lease and the best that I got was $378/mo plus tax with $6500 down plus another $1100 and DMV fees. That was for a 2.8L automatic that "stickered" at $34,000. Of course, I didn't make the "deal".

    I am really annoyed with the dealer and with GM because they "advertised" a lease rate of $199/mo. with $3895 down plus DMV fees. The dealer told me that applied to "manual" only not an automatic. There was an additional charge for custom paint which increased the lease rate up to $378.00. How did they justify the total of almost $8000 up front vs the advertised rate? They didn't.

    I think that a total of $5000 up front and $250 monthly payments for an automatic would be more than adequate. This is based upon a 39 month lease - 10K per year. (I don't like the up front money either..but I have been quoted as high as $11,000 up front in order to keep the payments lower).
  • bohle1bohle1 Posts: 1
    shop credit unions before gm- navy federal , for example
    has very little cash out of pocket

    leasing and better residuals

    the cts pricing is all over the lot and dosen't correspond to gm's ad-the quote's i've gotten in annapolis edge toward 5,000 down and a 585 p/mnth-thats the cts,bose with roof auto ,6t disc and pearl
    my 07 lacks some refinements front hand grips, heated and cooled seats-and should be able to run on unleaded, but mid grade gets better milage-should have fuel filler inside opener and holder for cap-looks as if 08 lacks the same-sport package has 2 versions of wing small and full-depends on dealership
  • salugasaluga Posts: 2
    I was able to negotiate a 39 mo lease, $450 per month, with $1195 down -fully loaded CTS - 3.6, Bose system, sunroof, luxury package,navigation system,heated seats... hope to pick it up tomorrow!
  • golfman2golfman2 Posts: 4
    The $169 per month is from a dealer in Suffolk County, NY. The deal was not negotiated but was, and has been, in the newspaper for several weeks. I have dealt with another of this owner's dealerships in the past -- he/she owns about 12 dealership of all makes -- and they have honored their newspaper ads without any gimmicks.

    I don't care what anyone says -- in your case, there is no reason why the addition of automatic trans and premium paint (MRSP of around $2000 extra for these options) should raise the monthly lease payment from $199 to $378.00 and cause the downpayment to increase by over $2500. You should run from this dealer as fast as you can.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi srqcaddy. GMAC's current base lease rate and residual value for a 24 month lease of a 2007 Cadillac CTS with 15,000 miles per year are 3.95% and 59%, respectively. The residual value for this lease would increase by 2% if you go with only 12,000 miles per year.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey golfman2. See my previous post for the information that you are looking for. Since you only need 10,000 miles per year, add 4% to the 15k residual value that I mentioned. $169 per month with only $950 down is indeed an amazing deal on this car. It's so cheap that I should get one myself ;) .

    Car_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi saluga. The car that you described has a spread of at least $2,300 between its full MSRP and its dealer invoice price. Plus, General Motors is providing $2,200 lease cash on the '07 CTS 3.6L Bose Edition. This gives you a total of $4,500 to play with. The selling price that you were quoted looks as though it is still around $2,000 over invoice. If there is a decent level of competition in your area, you should be able to do better than that on a CTS right now.

    Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Car_man
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    Prices Paid Forum
  • kushnerkushner Posts: 5
    Hello,

    What would be a fair lease on a 2007 CTS Bose Edition with Luxury Package. The MSRP is $36,830. I live in New Jersey and also offered is a Conquest $1000.00 rebate to me. What should the lease work out to be for:

    24 months/10K
    24 months/12K
    36 months/10K
    36 months/12K

    Any help would be greatly appreciated.
  • gershongershon Posts: 2
    Hey i have someone who is interested in transferring over his 2006 CTS lease to me, and i am wondering if it is a good deal.
    I am located in NY and he is located in PA.
    There are 27 months remaining on the car, the monthly payment is 273.00 a month and I would be allowed 1080 Miles per month. The car had leather and sunroof and otherwise whats seems like all the basic features of a CTS. Do you guys think this a good deal?

    Thanks!
  • tputmantputman Posts: 4
    Car_man said: "Plus, General Motors is providing $2,200 lease cash on the '07 CTS 3.6L Bose Edition...."

    When I went to the dealer to look at a CTS, there was a $2200 discount on the sticker for the Bose edition promotion. Is that $2200 lease incentive above and beyond that?
  • m6_2005m6_2005 Posts: 9
    Hi -

    I am trying to lease a demo vehicle--a 2007 Nissan Maxima SL. The odometer reads 5008 miles.

    My question is: How is the residual values for demo cars determined for various lease terms? How would I determine the depreciated portion of this vehicle?

    How exactly is this applied to the lease calculation?

    Also, in leasing, what are some important factors in leasing a demo car vs. a new car to keep in mind?

    THANK YOU in advance!!!
  • I just picked my 07 CTS Bose 3.6L. I got a 39month/10K lease, $0 Down, First month due at Signing, $398 monthly taxes,all fees, tags, registration, etc included.

    Is this a good deal?

    Any thoughts would be appreciated.
  • gershongershon Posts: 2
    Hey cts2007bose ,
    sounds like a decent deal, but keep in mind that this car will only look new for the next half a year. Next year (2008) they are coming out with a completely redesigned CTS.
  • jgreenbergjgreenberg Posts: 13
    I just was offered the following deal and would like some feedback as soon as possible:

    39 Month/ 12 K per year - sign and drive (includes bank fee, taxes, MV, doc, first month)no out of pocket!!
    $478 per month

    07 CTS 3.6L
    MSRP: $40,265 (includes BOSE package, NAV, 17" sport package, 3.6 Luxury package, automatic)
    Invoice (from Edmunds): $37,212

    Selling Price: $37,865 (before applying rebates)
    Rebates: (after selling price) $3,200 ($2,200 lease and $1,000 non-GM rebate)
    Bank Fee:$695
    Doc: $75
    MV: $354
    Tire Fee:$7.50
  • I am not sure about terminology with leased vehicles. I want to know what the term buy out means. :D
  • If you have excellent credit during the initial lease of a vehicle and during your lease agreement you continue to pay your notes on time, but you have some other credit problems along the way, what happens at the end of the lease agreement? Since you will probably still need a car at the end of the agreement, what will the dealerships safely allow you to do in a bad credit situation? :cry:
  • ysautoysauto Posts: 27
    Is there a way to det the name of the dealer??
  • bcj0915bcj0915 Posts: 3
    looking to see if you can tell me the following:

    -money factor
    -RV on 12K/ year - 3 year lease
    -RV on 12K/ year - 4 year lease

    CTS Luxury Bose Edition - MSRP around $37K
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