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Cadillac SRX Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi shfawaz. I believe that General Motors has been providing special additional cash incentives on leases of select vehicles in the South Florida area. That is probably what the $1,075 incentive that you saw is. The $1,000 conquest cash should be available on top of the $1,075 and GM's normal lease cash.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bodid. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac SRX V6 with 15,000 miles per year are 3.95% and 52%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 3% higher. 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.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey edscars. Thanks for the MSRP. I really need you to provide me with this vehicle's selling price as well. Without the selling price, it is difficult to tell how much of a discount you are being given.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jtpcpa. I dealers will indeed be anxious to unload their remaining 2007 models now that the 2008s have begun to arrive, but I have a feeling that $1,000 under dealer invoice may be a little optimistic. I suspect that a selling price of invoice minus the available lease cash is probably a little more realistic. Try stopping by the following discussion to see how much other community members have paid for similar vehicles lately: "Cadillac SRX: Prices Paid & Buying Experience".

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi a6_to_m35. Are you going to change your name to a6_to_m35_to_SRX now :)? On July 10th, General Motors changed its cash incentives on leases of the 2007 Cadillac SRX to $1,750 lease cash plus $1,000 conquest cash. This is a little lower than the incentives that were available on leases of this vehicle last month. This new program is scheduled to run through September 4th, but I would be very surprised if GM did not make some sort of unscheduled enhancement to its programs before then. It did so at both the end of May and the end of June.

    Car_man
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  • jtpcpajtpcpa Posts: 2
    Didn't fare as well as I had hoped. Note to self: Must work on negotiating skills or find hungrier dealers!
    Leased 2007 RWD V6 base car in black raven with cashmere, MSRP $37,970, invoice of $35,550.

    Cap Cost of $35,867 plus GM acquisition of $595 and dealer baloney charge of $589. $2,500 cash, trade-in credited at $2,000 (originally valued by Cadillac dealer at $1,500 and confirmed by independent appraisal) and $3325 of rebates/ factory money. Total cap cost reductions of $7,825 less first payment, taxes and fees of $998, net cap cost reduction of $6,827. 12000 miles/year, 48 months @ $337.
    I was quoted 45% residual at 3.95 (.00165) money factor. My calculation of the residual on the contract ($17,846) came in at 47% - definitely not something I want to complain about.

    This was the best deal I could find in Southeast Florida for the mileage and term I wanted.
  • smokiejoesmokiejoe Posts: 26
    I was looking to lease an '07 SRX which listed for $41,270.

    I believe they reduced the Cap cost to around $37K, but for a 48 month lease 12K per year I was quoted $522 per month, $0 down, which includes 9% tax.

    I want to do the deal for $475 per month but can't get two dealers to bite. Am I trying for too much. When I run the lease calculations my $475 number doesn't see too unreasonable.

    Any comments, suggestions, etc.

    Thanks in advance.
  • jennianjennian Posts: 4
    what are the new lease incentives and rates and residuals
    on the 2007 and 2008 sxr?
    thanks
  • pds1pds1 Posts: 24
    Just came from the dealer where he quoted the following on a 2008 SRX with AWD, Third Row seat and luxury package:

    $43,000 purchase price
    -2450 (rebate and conquest

    12K miles - 39 months, 54% residual, 3.95% interest

    With NJ 7% tax, $1480 at signing, lease pymt is $580.

    Seems high to me. Has anyone done better? Thanks.

    Mick
  • What are the incentives, lease factors, and residual value currently applicable in MA on SRX's with 12,000 miles and 36 and 48 months?
  • stevef5stevef5 Posts: 2
    Car_man:

    I was out of town this week and saw an advertisement for a GMAC lease incentive that would pay up to $2K on an SRX towards your remaining lease payments if you have an existing lease with another brand (I do).

    Do you know the details of this program? Is there some sort of "certificate" needed to take advantage of? I live in the SE (Alabama).

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello jennian. This vehicle's lease program varies by term and mileage allowance. for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Cadillac SRX V6 with 15,000 miles per year are 3.95% and 52%, respectively. The numbers for an otherwise identical lease of a 2008 model are 4.0% and 52%. When negotiating your lease, make sure to take advantage of the $1,750 lease cash that is currently available on the 2007 model and $1,450 that is available on the 2008 model.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Mick. The lease rate and cash incentives that you were quoted for this vehicle are right in line with General Motors' current promotions for it. This is a good sign. In an area that has a decent level of competition like the one that you are in, I personally would shoot for a selling price of $500 to $1,000 over invoice before the deduction of the cash incentives. Make sure to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Cadillac SRX: Prices Paid & Buying Experience".

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cadillacbuyer. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Cadillac SRX V6 with 12,000 miles per year are 4.0% and 55%, respectively. The numbers for an otherwise identical 48 month lease are 4.0% and 47%, respectively. When negotiating your lease on this vehicle, make sure to take advantage of the $1,450 lease cash that is currently available on it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi stevef5. I don't believe that you need any certificate to take advantage of the offer that you saw advertised. GM is currently running a $1,000 conquest cash promotion on the 2008 and 2007 Cadillac SRX. This incentive is available to current owners and lessees of any non-GM vehicle. In addition to this incentive, GM is providing $1,450 lease cash on the '08 SRX and $1,750 on the '07 model.

    Car_man
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  • I am considering leasing a 2008 SRX for 24 mos/12k miles?. What are the current GM lease rates and residuals for both the V-6 and V-8 models. Not many V-8's around in the Northeast. Any special deals on the V-8 beyond the Conquest Cash and Lease Cash described in your Aug 27 reply to Stevef5. Would a 36 mos/12k per year lease be better?
  • len00len00 Posts: 22
    Hi folks,
    I'm new to the world of leasing... I am a GMS member and I have a price of $45,755 for a V-8 SRX with luxury, AWD, and utility package. The sticker for the car is $51,135. I will be looking to trade in my '05 Infiniti G35x. I'm looking for a 36 month, 12K a year deal. I have no idea about monthly payments, residual, etc. Also, is it a better idea to get into an '08 versus an '07. Thanks in advance for any help.

    Len
  • What would be the latest lease finance rate and residuals on the SRX
    for 39 month 12K per year, and 39 month 15K.

    I was showing previously 5% 54% for the 39m/12K and wanted to see if they
    changed.

    Also I am showing $1450 Lease Rebate, +1000 Conquest. + 1000 Rebate (but Not sure if the $1000 Rebate can be used). Anything else out there for Cap Cost Reduction.

    Thanks.
  • In Ohio I am looking at a 2008 SRX V6 with AWD, seating package and luxury package:
    $42,730 MSRP
    sale price $37,021
    39 mo. lease/10,000mi/yr.
    $1500 down--includes first payment and taxes
    $410/mo includes tax
    Comments??
  • ericzoomericzoom Posts: 213
    I am also looking at a 2008 SRX V6 ( RWD) with utility pack. and pearl color price add-on.
    MSRP of 40,285.
    sale price 36,017.
    39 mo. lease/10mi/yr.
    1900 down - includes first payment,Tax, and all other BS fees.
    Also $ 410 month.

    Any comments also?
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