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Cadillac SRX Lease Questions

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Comments

  • jj316jj316 Posts: 24
    Here was the deal I got and took delivery of.

    2011 SRX AWD Blk Ice/ Ebony Lux w/ Nav.

    $434.00 per month 24 months 12k

    895 bank 450 refund sec 434 first payment 220 plates Total $1999.00 T.O.P.
  • joeytrijoeytri Posts: 1
    edited November 2010
    Smart lease contract for computations reflected the amount of residual for computation was 21500 but the the residual for buy back in box 9 on form at the end of 36mos was 24500. Dealer said these were fees added by Ally. to the 21500 Is this contract in error. I did agree to the 21500 at final talks but nothing was said about the 2400. ALSO WAS CHARGED 750. Ally fee at closing. Overall got lease for 402.per mo.for 36mos 12000 mil.per yr.free maintence. with 6000.dn. Cap. price was 37955 at 1.9%. taxes were 300 love the car.SRX/Lux
  • hi jj316,

    would you be so kind and help a man out. I am from the NY area and have been looking to get the 2011 SRX Lux for a couple of months now. Can you provide me with the dealer name and the salesman you made this deal with?

    This is the best price I have seen so far for this vehicle and would love to go the route you did.

    Thanks so much
  • jj316jj316 Posts: 24
    This deal was made at the middle of October so I do not know if the residual is still the same. It was with Ally.

    The dealer was in Freeport.
  • jj316jj316 Posts: 24
    I did find out something that might help that I over heard.

    You call Cadillac marketing and they can send you a certificate if you owned a GM vehichle before. It can be combined we did not know of this until after so we could not get one but saw other people using them.
  • Here is the deal that I received:

    2011 SRX FWD w/ Luxury Package
    Silver
    Only option is $135 floor mats
    2011's come with Free maintenance program.

    Sticker: $39,164
    Selling price: $37,213 which included $1500 supplier discount coupon from GM

    Lease Payment: $513 with tax / mo for 39 mos, 12,000 miles per year
    Due at signing: $622 which included 1st payment.

    Located in the Midwest. Tax is 6%.
    Happy with the SRX
  • thank you jj. does your monthly payment include taxes or is that with total down?
  • jj316jj316 Posts: 24
    It is included in the monthly payment
  • j27j27 Posts: 3
    Hi I've never leased before, Is this a good deal...

    2011 SRX FWD Luxury

    In New York
    Price 39,135
    Selling it to me for 37,000

    3635 down includes 1st payment, taxes...
    $499/ month - 39 months, 10,000 miles
  • No j27.........doesn't look like a good lease deal. Please see my deal above on what sounds like the exact same car.

    Payments are $513 a month which includes all taxes which are 6% in Michigan. I put $626 down, which included the first month payment and tax. I also get 12,000 miles per year. The deal was offered on the 28th of the month and I signed on the 30th, being the end of October. I think you can do much better.
  • j27j27 Posts: 3
    Wow and Im supposed to pick up the car today.
    My credit is not that great and I have a co-signer. So I dont think I got a good rate.
    Im gonna try to negotiate something better.
  • I leased my CTS from the same dealer in Freeport. Excellent experience. Best ever. If you want a salesperson reference, let me know.
  • The dealers keep telling me they can't lease a '10 model. I always thought you could lease any new car. Is this some kind of new stipulation the leasing companies have implemented?
    Also, what are current rates and residuals for 39 mo on the SRX luxury?
    Thanks!
  • Hi cjbrown. I suppose that theoretically one might be able to a leftover 2010 Cadillac SRX through some bank right now, but General Motors has pulled the plug on its lease support for '10 models. It makes much more sense to lease a new 2011 SRX at this time given the lease support that is available on it.

    Ally's November buy rate lease money factor and residual value for a 36 month lease of a 2011 SRX Luxury AWD with 15,000 miles per year are 1.45% and 53%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi....I'm new here.

    I am currently in the 38th month of a 39 month lease on a 2008 STS. Apparently GMAC no longer offers a pull ahead program to get out of my current lease and into a new lease.

    I got two 'sign and drive' prices on a 39 month/ 12K miles lease for a 2011 FWD SRX luxury with navigation with the dealers paying my last payment on the STS (~$600). I have a $1500 coupon from Ally/GM which is good till 1/3/11. My current lease is up 1/5/11 (last payment due 12/5/10). I am not over, in fact I am under, on the mileage on the STS.

    Here's my questions: Should I wait till the end of December....say the week between Christmas and New Years......to lease the 2011 SRX? Will the money factors and residual values change much between now and the end of December?

    Thanks in advance for any info.....
  • Hi Car Man:

    Could you provide Ally's November lease rates and bank fee for the 2011 Cadillac SRX Turbo Premium with a three year deal, 10K per year? I appreciate your help!
  • Carman,

    Once available, can you please post the residual rate and money factor for the 2011 SRX AWD Luxury + Nav system for 24, 36 and 39 months w 10K miles/yr? Thanks!
  • Hi toycar9. I definitely think that leasing in December is a good idea. Manufacturers and dealers often provide the most attractive deals of the year then. General Motors' November lease program for the Cadillac SRX are scheduled to run through the end of the year.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'd be happy to help you out, azbmwx5.

    Ally's December base lease rate and residual value for a 36 month lease of a 2011 Cadillac SRX Turbo Premium with 10,000 miles per year are 1.45%, and 51%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here you go, bklynt525.

    Ally's November base lease rate and residual value for a 24 month lease of a 2011 Cadillac SRX Luxury AWD with 10,000 miles per year are 0.15% and 67%, respectively.

    The numbers for an otherwise identical 36 month lease are 1.45% and 56%.

    The numbers for an otherwise identical 39 month lease are 1.45% and 54%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you Car_Man. Can you tell me the bank fee that Ally uses?
  • Car Man,

    I am hoping to get the Dec #'s for a 2011 SRX Luxury AWD with 15k miles for 36 or 39 months. Also, do you know if there is an acquisition fee or bank fees?

    Thank you so much! You are such a huge help to all of us.
  • dlebdleb Posts: 1
    Hi Car Man:

    This is my first time posting on this forum, so hopefully this gets to you!
    I'm looking for December lease rates and any bank fees associated with the lease of a 2011 Cadillac SRX Turbo Performance. Interested in both 24 and 36 month, with 15k/year. I really appreciate your help, and like many have said here, you're a huge help to all of us!
  • I have been working on a deal and think I am ready to sign. Would love to know others opinions. It's on a 15k/yr lease on a 2011 SRX Luxury AWD. No money upfront, other than first months payment of $475 a month, including my 6.5% tax for 39 months. I used info from here and a calculator from another site to come up with my dream deal. I was very direct with the guy, who I previously got another car from, but wasn't as prepared that time. I think residuals on this are at 56 or 57 pct, almost laughably high and we qualify for the highest tier credit, plus supplier pricing. I think it is a very good deal, but would like to hear anyone's thoughts. I looked at Q5s, EX35's, and ZDH's, which also have a killer deal this month, but the great rates this month and oil/tire rotation included, plus remote start helped me decide. I had an Escalade, which I loved, so that probably helped bit too.

    Thanks Car Man! This forum helped me save $175 a month from the initial offer I received from another dealer.
  • ericzoomericzoom Posts: 213
    That deal doesn't sound right to me. I've been looking for an SRX FWD Luxury 39 mo. low mileage lease, and can't even get that price without putting any money down. Your adding on AWD, and 15k yr. from my deal, and it seems way too low, even working on invoice price. I'm in Florida, and would like to know where you got that deal.
  • If you use the numbers provided on here and a good lease calculator, which I think there are better than the Edmunds one, you will get the exact lowest number you can work someone to. In my calcs, my dream deal was at $465 a month and he came in at $477. Car Man has definitely taught me that what they offer for a monthly payment is not where to negotiate or even start. Ask them early what cap cost they are using, what residual, money factor and spend the 2 minutes it takes to be informed. Through my own experience this week, they usually start the offer at $100-$200 PER MONTH over what they could actually do. They are trying to provide for their family so I don't have a problem with it, but I don't want to pay more than I should.

    My dealer is in sunny Ohio. Good luck and go make it happen.
  • Hi azbmwx5. If I recall correctly, Ally's acquisition fee is something like $795.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks pmannymo. I'm glad that you find this site so helpful.

    Ally's December base lease rate and residual value for a 36 month lease of a 2011 Cadillac SRX Luxury AWD with 15,000 miles per year are 1.45% and 53%, respectively.

    The numbers for an otherwise identical 39 month lease are 1.45% and 51%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome dleb. Ally's December base lease rate and residual value for a 24 month lease of a 2011 Cadillac SRX Turbo Performance AWD with 15,000 miles per year are 0.15% and 59%, respectively.

    The numbers for an otherwise identical 36 month lease are 1.45% and 49%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here is a quote I got from a dealer in GR, MI area.

    2011 Cadillac SRX Luxury FWD
    24 month lease
    12000 miles/year
    GM Employee discount

    Can somebody tell me if this is a good price,
    $510/month with $850 down
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