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2013 and earlier Cadillac CTS Lease Questions
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white diamond with a black interior,,, after the experiance in rain and snow we let it go,,, i now have a srx all wheel it a great car and u can feel it hugging the road,its an option to buy, its the same system as the cts... i saw some picks the new cts i think looks like the gm concept the front like the ciel
the thing is if i dont make a move whats the interest rates in a year
When negotiating your deal on this car, make sure to take advantage of the $2,690 cash incentive that General Motors is currently providing on 36-month leases of it.
I see that you are considering making a $5,000 down payment on your lease. I always advise consumers not to make large down payments on leased vehicles. Those who do risk losing part or all of the money that they laid out if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher it's much safer to go with a zero down lease.
Car_man
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Car_man
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THE REAR END IS TO PLAIN
I'm wondering what the lease rate and residual would be for 24 month or 36 month, 15k per year. I can put money down, but based on your previous post, it seems like the zero down is the best way to go.
Is there anything timing wise to be aware of? i.e. March, April
I'm sure Car_man will give you specifics, but as of a few weeks ago it was a 2.3% lease rate and 53% residual for 15k miles at 36 months. Be aware, there is no longer a 2% reduction in residual for manual trans, and that was new as of March, so make sure the dealer is aware (had to remind mine).
I had to do a build order to get the car I wanted, you might want to consider the same. The dealer I used sells a lot of Vs and drop ships them across the county. PM me for details if you're interested. As far as I know, they're still accepting orders for 2013MY.
BTW, I picked up my wagon last week. You will love this car, it's so much fun.
In this forum, I will ask only about the Caddy.
I have an MSRP of $50,530 and a price lower than invoice at $46,171.
Dealer IMR Contribution of $248.00 plus LMA Group Contribution of $496.00, plus tags and fees will be paid cash.
Looking for a 24 month lease. 10,000 or 12,000 miles per year. Could you give me a ball park figure of possible monthly payments?
Taxes in Florida of 6.5% (county .5%) would be applied on first $5,000 and 6% would apply on the balance. Should the tax be paid cash or added to the monthly payment?
Thanks
pinibo
righr now its just not enough,,, thanks regards happy holiday mr coupe by the way did u make it out to the car show
Ally's current base lease rate and residual value for a 24-month lease of a 2013 Cadillac CTS-V Wagon with 15,000 miles per year are 1.0% and 62%.
The numbers for an otherwise identical 36-month lease are 2.3% and 53%.
General Motors is currently providing a $2,690 cash incentive on 36-month leases of this vehicle through Ally.
These programs are scheduled to run through April 30th, but it is possible that GM might revise them for April. Feel free to check back later this week and I can let you know if there is any changes.
Car_man
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The payment for an otherwise identical lease with 10,000 miles per year would be $589.
Most people roll the sales tax into their payment in states where they are allowed to.
Car_man
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This is what I was have offered:
Here is the information you requested.
Both are 10,000 mile per year leases.
Both are based with $1891.77 down
24 x $653.44 Plus tax
36 x $582.46 Plus tax
Please let me know which one you would like and what day and time you would like to pick it up.
has gm sweetened the deals and rebates thank you
I need some help, ... (or send me some vasoline for when I go to the Dealer !
Trade-In 2010 CTS Sedan, Red, Performance, Nav, Ultraroof, 18" polished, 33K Miles, excellent condition. I owe Ally 19,888 ... Dealer wants to give me $24,00 trade-in.
Car I want to Lease: CTS Coupe, White, Sunroof, Premium = msrp $50,740
for a purchase dealer said he would discount $2386 to invoice, $2000 rebate from Cadillac)
Would this also apply to a lease? plus what is the lease rate? and residual? and how would I figure out the payment for a 36 mo lease (15,000 per yr)? (I live in Indiana = 7% tax rate)(Dealer in Ky) or what should I be looking for (mindful of) when I go to dealer?
thanks for any help!!!!
Allen
they're saying lease rate on the White CTS Coupe is 2.4%, and residual is 56%
with a trade-in allowance of $4111 will make for a $526/mo on a 3 yr 15,000 per year lease.
Does this sound correct?
Allen
Sounds awfully high to me. Didn't you say they offered you like 20k for your trade?
Auto Leasing: Monthly payment is sum of 3 items:
1. Depreciation Payment
2. Finance Charge
3. Taxes
Depreciation payment = [(Net Cap Cost) - (Residual Value)] / Term of lease (months)
Residual value = MSRP x (residual percentage) [In my case: MSRP = $50,740 residual = .56]
Residual Value = $50,740 x .56 = $28,414.40 (cars value at the end of the lease)
Net Cap Cost = [MSRP] - [Down Payment or Trade-in Value] - [Dealer Discounts off of MSRP] - [Manufacturer Rebates] + [other fees]
In my Case: Net Cap Cost = $50,740 [MSRP] - $4111 [trade-in] - $2633 [Dealer Discount] - $2800 [GM Lease Rebate] + $1250 [*1st payment, prep, etc]
* Dealer said even thou I had a trade in, there was a Downpayment of 1st months lease, prep, maybe profit & other fees ,, so I told them to include it in the lease)
Net Cap Cost = $42,446 so ...
1. Depreciation payment = $42,446 [net cap cost] - $28,414.40 [residual] / 36 [3yr lease] = $389.70
2. Monthly Finance Charge = [ $42,446 [Net Cap Cost] + $28,414.40 [Residual Value] ] * .001 [Money Factor [= 2.4% [Lease Rate] / 2400]]
Monthly Finance Charge = $70.86
3. Sales Tax payment = [Depreciation Paymt + Finance Charge * Indiana Tax rate = .07] = $32.24
$389.70 + $70.86 + $32.24 = $492.80, monthly lease payment.
They quoted me $525/mo ... so, ... when I go in tomorrow to pickup car,... I'll have to figure out what the difference is.
Yep, I better take some Vasoline with me ....
Allen
Ally's current base lease rate and residual value for a 24-month lease of a 2013 Cadillac CTS Coupe with 15,000 miles per year are 1.0% and 65%.
The numbers for an otherwise identical 36-month lease are 1.9% and 55%.
General Motors is currently providing a $1,300 cash incentive on 24-month and $2,800 on 36-month leases of this car.
Car_man
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Please see my previous post for the lease information that you're looking for.
There's nothing wrong with trading in your current vehicle when leasing a new one, however you should have the dealer cut you a check for any equity that you have in your trade rather than using the proceeds from it as a down payment for your lease.
Car_man
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36-month lease are 1.9% and 55%.
But, my dealer told me on the CTS Coupe 2013,... it was 2.4% lease rate and 56%. (ally) (36 months)
How do I find out what's really true? I'm supposed to go back tomorrow afternoon to sign and get the car.
Confused in Louisville .... Allen (and my credit score is almost 800!)
i am at 515 1300 out of pocket premium w nav crome rims awd 52.640 coupe
wtf?
Why don't you stand up to the dealer, figure out exactly where their numbers are coming from - as in that last case, figure out where that extra $30-40 a mo is coming from and if you don't agree with it, NEGOTIATE. OR WALK! Find another dealer that won't d!ck around. Seriously, it's so sad to see you all talk about things like you're being held hostage by the dealers and seemingly are just spectators in this process.
On the other hand, maybe I shouldn't complain since all you people that overpay allow me to negotiate much better deals.
Got the car,... $520 and change. I didn't like the $795 acquisition fee,.. but.. other than that.
- 39 months
- 12,000 miles per year
- $579/month includes tax
- Out of pocket at signing will be first payment and title
MSRP = $45,595
On a side note, I'm currently trading in my 2010 CTS Sedan which has three lease payments remaining so the dealer said as part of the deal they would pay off the remaining three payments.
Is this a good deal?
General Motors is currently providing a $2,690 cash incentive on 36-month leases of this model.
Car_man
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do you have the June residuals and MF for the CTS coupe for 24mo and 12kmi? Also, Edmunds doesn't show any rebates, but do you know of any? Thanks in advance.
Gross Capitalized Cost: $48,214.49
Capitalized Cost Reduction: ($4,800) - None of this came of my pocket all dealer paid!
Adjusted Capitalized Cost: $43,414.49
Residual Value: $26,101.60
Total Rebates and noncash credits = $5,926.87 all dealer/Ally/GM paid, I walked in with one set of keys and an hour later walked out with another set and didn't pay anything out of pocket.
Included in the deal was a $599 Smartlease Protect Plan (protects against excess wear and tear) and a $50 prepaid Visa gift card.
Terms:
39 month lease
12,000 miles per year
Payment:
Base $534.91
Tax $32.09
Total: $567.00
General Motors is currently providing a $1,300 cash incentive on 24-month leases of this car through Ally. There's another $1,000 cash incentive on leases of this car to the current owners of select competitive models.
Car_man
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I'm also considering an 2013 Equinox AWD LT 4 cylinder with no options but the Chevy dealerships seem to be more straightforward.
I have never leased before and find it way more confusing than purchasing.
Help?
Thanks
-Brian
If you are going to lease, they will have to show you the numbers on the lease agreement, at least the cap cost, cap reduction, residual, tax. If something looks wrong, don't sign it.
The varying numbers means one dealer is discounting more, unless one is basing it on 10k and another on 12k. One might be $0 down another might be $2000 down. A down payment lowers your lease payment, but doesn't save any significant amount of $.
Chevy is probably more used to competing against other dealers.
Leasing is OK if you generally trade every 2-3 years anyway. If you buy, usually the next trade-in will be offered at less than the residual would have been. The first lease works very well, if you have a trade that pays for most of the lease.
HI CARMAN ARE THE DEALS ANY BETTER ON THE CTS COUPE,, I HAD HOPED THE 2YR LEASE GOT BETTER,, 2YR AND 3 YR WHAT ARE THE NUMBERS AND REBATES THANX FOR ALL YOUR HELP,,,,SEEMS THE CAR COMPANYS ARE SHRINKING THE REBATES AND INCENTIVES ALSO NOT SEEING ANY ACTIVITY ON THE CTS FORUM GUESS THEY ARE WAITING FOR NEW ONE
The numbers for an otherwise identical 36-month lease are 0.35% and 55%.
General Motors is currently providing a $2,670 cash incentive on leases of this car plus another $1,000 loyalty for current lessees of GM vehicles.
CTS sales are way down over the past year. I think that has a lot to do with the introduction of the ATS and XTS stealing sales from it.
Car_man
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for 10,000, 12,000 and 15,000 miles?
Residual %% is based on MSRP. If there are dealer installed options, like grill, stripe, wheels, etc, will the residual then become the %% of the new higher dealer list price? Thanks!
Thanks for all your help/insight. Could you give me the Jul MF/RES for A CTS Sedan RWD at 24 and 36 months with 12K miles. Thanks.
The resids for 12k are 2% and for 10k are 3% higher.
The residuals are based upon a % of MSRP + factory-installed options. You night not be able to residualize dealer-installed options.
Car_man
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GM is currently providing a $3,670 cash incentive on leases of this car.
Car_man
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The numbers for an otherwise identical 36-month lease are 0.60% and 55%.
GM is providing a $3,500 cash incentive on leases of this car at this time.
Car_man
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Is that Lease $$$ there for the dealer to use as extra profit or opt to pass some/all of it to the buyer or does that become part of the standard lease deal if we didn't know about it. On GM websites, they list Rebates and if special low financing, but never the Lease Cash. Thanks!
MSRP $52,640.00
$1200 down
15k/year
$496/month
36 month lease
Would have probably taken that, but have 4 payments left on Infiniti, and there was no equity for Cadillac to buy it from me.
Thoughts? Thanks