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Cadillac Escalade Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi growe. You definitely should not pay your truck's purchase option price. As you mentioned it probably isn't worth anywhere near its residual. Some banks will work with customers on their vehicles' lease-end purchase prices and others will not. I'm not sure what GMAC has been doing lately, but give them a call. It's worth a shot, you don't have anything to lose. If you wouldn't mind, I'd love if you stopped back to let us know what they tell you. Good luck.

    Car_man
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  • burbankburbank Posts: 2
    I just came from my Cadillac dealer and got the following #'s and want to know what you guys think.

    I would like your opinion of the Cadillac Escalade lease deal I was just offered. Please let me know if this is a good deal please, or should I try to get it down a little. Any help is GREATLY appreciated.

    2008 Escalade AWD with AWD Entertainment Collection- LOADED with DVD
    MSRP: 68420
    Gross Cap Cost: 62191
    Adjusted Cap Cost Reduction 58591
    This is a SIGN AND DRIVE NOTHING OUT OF POCKET

    I am being offered a SIGN and DRIVE deal for 39 months at 12,000 miles/year lease with the dealer even paying the first month. The terms would leave me with 38 months left at $717 plus tax for a total of $760/month. I do not know the MF, but should I pull the trigger or is there more room to deal. Please let me know.
  • Did you get that deal in around Burbank, Burbank? That seems like a good deal. . . Can you PM me the name of the dealer or at least disclose where that deal was and which internet fleet manager you spoke to?

    I'm thinking of acquiring one too but they seem to only be concerned with the employee rate campaign until tomorrow . . .
  • I currenly have about 6 months left on my 2007 Escalade lease. I will be over my allotted mile allowance. Can I buy miles prior to the end of the lease at a discounted price?
  • Anybody know if there are any rough numbers for what the fully loaded hybrid will be going for monthly?
  • You can place a call directly to the bank that you are leasing through, which I assume is GMAC, to see if they are willing to work with you. Unfortunately, I suspect that the time to purchase additional miles at a discount has passed. Give it a shot though, you don't have anything to lose other than a few minutes of your time.

    Car_man
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  • My account is going nuts over me not leasing, so I am going to give it a go. I live in NW Washington zip code 98383.

    1. I need more miles than 12,000. I put on 20,000 miles a year. Approximately, how much does that drive up a lease?
    2. I am looking at the following Escalade:

    2009 Escalade Hybrid AWD with AWD Entertainment Collection- LOADED with DVD
    MSRP: $75,420
    Gross Cap Cost: $68,493
    Adjusted Cap Cost Reduction $64,528

    Anyone have a clue as to what I should pay for a 30-month lease with 20,000 miles annually?

    I appreciate the help. Best quickphil
  • Hi quickphil. If you want to lease, then you probably would be better off going with a different vehicle. General Motor's current financial problems has forced it to pull the plug on its special lease program. As a result, if you want to lease an Escalade, you will have to go through an independent bank. It will likely be very expensive to do so.

    Chances are that you will be able to get a better deal on a vehicle that has a supported lease program available on it. The first competitive model that has a special program available on it that comes to mind is the Lincoln Navigator. Of course, it is not a hybrid though.

    Car_man
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  • bvdj84bvdj84 Posts: 1,721
    I am not understanding why one would get the hybrid, especially on a lease, you will not see any pay off when your savings is eaten up in payment. Even on a loan, you will not see gains for years, even then, you are more likely to dump the car before then. The 2nd owner is going to be at a better position to save. What is the need for such an SUV of this cost? The price tag in the showroom is no where near the real world values. I certainly wouldn't buy new. Not now. This is not aimed at anyone here. But a comment in general, especially on the hybrid. :)

    Its a sharp looking car for a GM car.
  • What are some of the lease rates you are seeing on the 2009 Cadillac Escalade? What deals are out there?
  • Cadillac still does leases? Maybe banks are doing it, but I heard the lease payments they offer are brutal.
  • Greetings to the appropriately named leasegirl. General Motors is currently providing an extremely attractive lease rate on the 2009 Cadillac Escalade. Unfortunately, this truck's residual values are absolutely terrible.

    GMAC's current base lease rate and residual value for a 36 month lease of a 2009 Cadillac Escalade AWD with 15,000 miles per year are 0.4% and 28%, respectively.

    In an effort to make up for this horrible residual value, General Motors is providing a whopping $7,400 cash incentive on leases of this truck through GMAC right now. You can use this cash along with whatever dealer discount you are able to negotiate to arrive at an attractive capitalized cost.

    Car_man
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  • Karen_CMKaren_CM Posts: 5,023
    A reporter is looking to speak to consumers who recently leased a GM or Chrysler vehicle in the past two months . Please send your daytime phone number to ctalati@edmunds.com by Thursday, October 8, 2009.

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • kb2010kb2010 Posts: 4
    Dear Car_man

    How do I get that Special Lease that GMAC is offering ?...with the $7K back ?
    I am looking for a Red ESV Escalade 2009 with Bench seats

    I am in the N Bay near San Francisco CA
    Thanks
  • Hi kb2010. General Motors just introduced its November programs yesterday. Unfortunately, it pulled the plug on its special lease program for the 2009 Escalade, so if you were planning on leasing one you are out of luck. It did however introduce a new special lease program on the 2010 Escalade.

    Car_man
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  • ubrsfubrsf Posts: 51
    Hi Car_man

    I haven't posted here in a while, but I have found your post ver useful in the past. I am here to ask a few questions. The lease rate you quoted above, is that 0.4/2400 to get the money factor? Although, I understand it is no longer valid, that seems awefully low. Do you have the lease rates and residuals for the 2010?

    Regards,

    F
  • Thanks ubrsf. You are correct. One can convert a lease rate into an approximate money factor equivalent by dividing it by 2400.

    GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Cadillac Escalade with 15,000 miles per year are 0.50% and 38%, respectively.

    Car_man
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  • ubrsfubrsf Posts: 51
    Thank yoiu Car_man, the residual is horrible and makes the lease more expensive. Crazy.
  • No problem ubrsf. Leases on full-size SUVs like the Escalade are usually incredibly expensive.

    Car_man
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  • kb2010kb2010 Posts: 4
    Thanks car_man, I'm just not sure about seeking a '09 Model or looking at Leasing the '10 ESV Models...the Lease is horribly expensive & Residual Value is very low but I like the Car
  • I want to lease 2010 ESV for 36 months 15,000/18000 miles. What is lease rate. I am getting quote of 1200 for regular one not ESV.
  • You're very welcome, kb2010.

    Car_man
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  • Hello bigcat007. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Cadillac Escalade ESV AWD with 15,000 miles per year are an awesome 0.50% and an atrocious 38%, respectively.

    When negotiating your lease on this truck, make sure to take the $4,400 cash incentive that General Motors is currently providing on leases of it through GMAC into account.

    Car_man
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  • neenneen Posts: 7
    Car man-a question about the $4,440 cash incentive being offered. I am looking at a 2010 escalade luxury with a cap cost of 67,500. Dealer said he is $15 over invoice, do I still have $4400 wiggle room?
  • Car man,

    I am looking for a 2010 Escalade ESV with Bench seats...if Dealer is $15 or $25 over Invoice..where does that put the Cap Cost & Monthly Lease asuuming we put $10K ? I am being told it will be a $1040 /mo Lease (72 mos) for a Luxury Edition White....does not sound right ..what do you think ?
  • Car man,

    I almost leased an 2010 Escalade yesterday , but walked out when the buy out on the lease was the residual + $2,500 the dealer said it was GMAC fee and they had nothing to do with it and could not get it changed . I have spoke with several other dealers in regards to this half say it is a BS fee the dealer hopes to get a kickback on if I buy it at lease end , other dealers say it is legit fee GMAC is charging . Can you shed any light on this I called GMAC and they said it should just be the residual but that is someone from India :surprise:
  • Has GM pulled the plug on the Escalade cash? If so, are the lease rates remaining the same? Thanks.
  • My 07 lease is ending and was wondering if GMAC will extend my lease or re lease my current escalade for another year. If anyone has any info it would be very helpful.
  • Pretty sure thru 3/1 Escalade has 2500 cash on the 2010
  • Hi neen. That's between you and the dealer. If you are able to get this truck for $15 over invoice minus any available cash incentives, i.e. the $4,400 lease cash...then you are getting an excellent deal on this truck.

    On the other hand, if the dealer is attempting to pocket the $4,400 then $15 over is a terrible deal.

    Car_man
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