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Cadillac DTS Lease Questions

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Comments

  • twm1944twm1944 Posts: 2
    Car_Man

    I forgot to include the "sale" price of $41,600 to the previous messsage.....(below)....

    I am considering the lease on a 2006 DTS Luxury II. MSRP is $44,490 including destination. Term is 39 months and 12,000 miles. I have $1,500 "GM cash" and current $1,000 GM incentive for capital cost buy down. What should I expect to pay.

    (The money factor and residual would be helpful. I live in Michigan.)

    thanks again

    twm
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi twm1944. In addition to the cash incentives that you mentioned, you should be able to negotiate a dealer discount on this car as well. Its exact monthly payment will depend upon how much of an additional discount you negotiate. If you let me know what the selling price of the car that you are interested in is, I can estimate what its lease payment should be for you.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Ahhhhh, thanks for the additional information, twm1944. I should have scrolled ahead. OK, let's work up a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2006 Cadillac DTS with an MSRP of $44,490 and a selling price of $39,100 ($41,600 - $1,500 GM cash - $1,000 incentive) through GMAC right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $483. I used a lease rate of 3.75% and a residual value of 57% to arrive at this payment. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.

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  • nav3nav3 Posts: 1
    Car Man ,

    Can you provide me with a 39 month lease payment for a DTS Luxury 11 with a MSRP of $48,840 12000 miles a year. With GM discount and local rebates price is discounted down to ($39,000) required only first month payment and tax title down. Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi nav3. According to my calculations, if you were to lease a 2006 Cadillac DTS with an MSRP of $48,840 and a selling price of $39,000 through GMAC right now for 36 months with 12,000 miles per year (I have not seen its 39 month lease program), your zero down, pre-tax monthly payment should be around $415.

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  • vpfinnvpfinn Posts: 1
    I am planning on leasing a 2006 Cadillac DTS-Luxury II model with a MSRP of $47685. The lease will be for 39 months, 10,000 miles per year, with no money down and taxes included in the lease. I am trading in a car for $9000. and that money will be rolled into the lease.
    Can you please tell me what the lease should cost me monthly.
    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi vpfinn. there's nothing wrong with trading in your current vehicle when leasing. However, it would be in your best interest to have the dealer that you are working with cut you a check for your car rather than using the proceeds from it as a down payment for your lease. I say this because consumers who make large down payments on leases risk losing their money if their leased vehicle is totaled in an accident or stolen and never recovered.

    You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what its selling price is.

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  • I am interested in leasing DTS LUX 11 06, MSRP $45235
    sell price $40512, 39 mo 39k mi, 0 down. What should I pay for lease, excluding tax?
  • Hi acp60. I don't believe that GMAC is providing lease support on 2006 Cadillac models any longer. As a result, if you were to lease one right now you would have to do so through an independent bank. This late in the model year, you actually might be better off leasing a 2007 model. Make sure to get a payment quote in a similar 2007 model before leasing a 2006.

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  • dtsmandtsman Posts: 1
    Greetings! I was wondering if GM has any lease pull ahead deals goin on. I have a 2004 SRX V8 AWD loaded minus openview. Lease is done in Aug 2007. Would like to get
    an 06 DTS performance model. Good deals going on?
  • Yes, dtsman, General Motors is running a lease pull ahead program right now. It allows current GMAC lessees out of their deals three months early at no charge if they purchase or lease a new GM vehicle. As an added bonus, I believe that consumers who take advantage of this program get a $1,000 bonus that they can apply towards their new vehicle. You would be able to take advantage of this offer, but you won't be able to use it to cover all of your remaining lease payments on your SRX. You will have to pay money out of pocket to get a new Cadillac. As a result, if I was in your situation I personally would wait until I was closer to the scheduled end of my lease to get something new.

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  • I am looking into leasing a used Cadillac DTS, are there any specific guidelines I will need to know about when leasing a used vehicle?
    Thanks,
    Josh
  • I recently turned in my GMC lease one month early and bought a new GMC. My lease was through GMAC. My new vehicle is through a different bank. Do I still qualify for the pull ahead program because I turned in a GM early and bought a new GM or did this have to be done only if I financed through GMAC both times? Thanks.
  • Hi linda1056. I am not 100% positive about this so you will have to check with your dealer to be sure, but I do not believe that you are eligible for GM's lease pull-ahead program if you do not lease or finance your new vehicle through GMAC.

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  • billharbinbillharbin Posts: 1
    dtsman,

    I have a beautiful Blue Chip Performance model with every option except nav. Tuscony Black Leather is very nice. I took a 39 mo. GMAC lease in March 2006. The car is sitting in my step-mother's driveway in Calhoun GA with 10,000 miles on it. I'm on a long term overseas assignment and won't be back before the lease ends. Since your lease is up in August, you could take over the remainder of the lease and get 32,900 miles for $680/mo. If this sounds good to you, please reply either here, or my e-mail is harbin_bill@yahoo.com.
  • Is anyone able to give me the current residual rate and interest rate for the DTS here in August? I am looking at both a 2 year or 3 year with 12000 miles. Thanks for your time.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, jmschultz22. GMAC's base lease rate and residual value for a 24 month lease of a 2007 Cadillac DTS with 12,000 miles per year are 3.75% and 64%, respectively. The numbers for an otherwise identical 36 month lease are 3.75% and 57%. When negotiating your lease on the DTS that you are interested in, make sure to take advantage of the $1,000 lease cash that is currently available on it.

    Car_man
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  • vic10vic10 Posts: 188
    I've always paid cash for my cars (paying myself a monthly car payment which then becomes the cash to buy the replacement vehicle). Typical mileage is 12k per year. And I keep them for approx. 6 years (though an '85 Park Ave. was dumped as soon as the warranty expired at 3 years). I currently own a 2005 300C with 36k miles and am looking at trading it for a DTS (or maybe CTS) in the Spring, and would likely keep it till the RWD DTS arrives in 2010 - 2011 (assuming the new one stays in the current DTS price range). A colleague made the comment that "unless you like to keep your cars for 8 - 10 years, leasing is the most cost effective way have a car". Is that a true statement?
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