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2013 and earlier Cadillac CTS Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi kushner. This car's lease payment will depend upon what sort of selling price you are able to negotiate on it. The dealer invoice price of a 2007 Cadillac CTS Bose Edition with the Luxury Package is $34,138. For now, let's assume that you are able to get this car for $500 over dealer invoice. $34,138 + $500 - the $1,700 lease cash that is available on this model right now - $1,000 conquest cash = a capitalized cost of around $31,938. Using this cap cost and an MSRP of $36,830, I estimate that the 24 month, 12,000 mile per year, zero down, pre-tax monthly payment for this car should be around $485. The 24 month, 10k payment would be around $455. The 36 month, 12k payment would be around $420. Lastly, the 36 month, 10k payment would be around $401.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gershon. That certainly is a low monthly payment. I suspect that it is lower than what you would have to pay to lease a similar brand new CTS right now, but it wouldn't hurt to see exactly how much less it is before pulling the trigger. I'd be happy to work up a sample payment on a 27 month lease of a brand new CTS if you provide me with its MSRP and approximate selling price.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tputman. I haven't looked at the sticker for a Cadillac CTS in a while, but the lease cash that is available on the CTS Bose Edition (which is now $1,700) is available on top of any option package discount.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Congratulations on getting your new CTS, cts2007bose. I would be happy to give you my opinion of this deal, but it would much easier for me to do so if you were able to provide me with its full MSRP and selling price first. These numbers will show me how much of a discount you are being given and they will enable me to use GM's current lease program to estimate what your monthly payment should be. Let me know and I'll tell you what I think.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jgreenberg. There is probably a spread of around $3,500 or so between the full MSRP and dealer invoice price of the car that you described. Plus General Motors is providing $1,700 lease cash and $1,000 conquest cash on it. That gives you a total of just over $6,000 to play with. It appears as though you are being given all of the cash incentives plus a dealer discount of $2,400. If this is correct, it would put you at a little over $1,000 over dealer invoice. That price isn't bad, but you may be able to shave another couple hundred dollars off if you are in an area that has a decent level of competition and you shop around. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Cadillac CTS: Prices Paid & Buying Experience".

    Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your car's lease payment using GMAC's current base lease rate of 3.95%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi 6ftladycop. A buy out essentially is the price that you would have to pay to purchase your leased vehicle. Usually it is refers to the lend-of-term purchase price for your leased vehicle, or how much it would cost you to purchase your car at the end of your lease. You can look up the definition of any leasing terms that you are not familiar with in the following article: Leasing Glossary.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, bcj0915. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac CTS Bose Edition with 12,000 miles per year are 3.95% and 54%, respectively. The numbers for an otherwise identical 48 month lease are 3.95% and 45%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.

    When negotiating your lease on this car, make sure to take the $1,700 lease cash that GM is currently providing on it into account. It will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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  • qwazrqwazr Posts: 11
    Car man,
    I am looking to lease a 2.8L CTS with Automatic...MSRP $31,870. Can you tell me the residual and money factor for a 36 month/10,000 mile lease?

    Also, does the conquest cash ($1000) and lease cash ($1700) apply yo everyone? Are there any additional discounts for Cadillac loyalty? I am coming out of a DTS lease in August.
    Thanks!
  • felbie1felbie1 Posts: 14
    Im looking at the CTS and there are very few with this Bose Edition. I did find a dealer with one. With my GM Supplier Discount, The 1700 Bose Lease Incentive, and 1000 dollar GM Loyalty Incentive, they are quoting me 379/mo(PreTax) for 39 months 10kmiles a year, nothing down. Is this a good deal? Can I do better than this? They are saying with my GM Supplier Discount they cant charge me any more or less than GM Supplier Discount. The TMV On the vehicle is less than the Supplier pricing, I know the residual on the 36/12k but what is it for 39/12k?
  • flightnurseflightnurse at 35K feetPosts: 1,522
    I'm starting to look for another car, have always liked the CTS, so I'm letting my fingers do the looking..

    This is the numbers I have found.

    07 CTS w/Bose edition and 18" wheel Performance package
    white diamond exterior and Cashmere interior
    MSRP is $37,025
    Invoice $34,300
    TMV $34,690
    minus $ 3,000

    So in theory I could get this car for $31,690. I see that GM has no lease specials for this car, so with the following # could you please give me lease quotes.

    Say price of car is $34,300, minus 3K with zero out of pocket. For 24 and 36 month lease, with 15K/yr.

    Thanks
  • 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 at 35K feetPosts: 1,522
    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: 38,518
    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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: 38,518
    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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