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2013 and Earlier Cadillac SRX Lease Questions
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm just wondering if anyone else agrees with me that the SRX might have some incentives before the end of the year and waiting to get one in November or December might get me a better price.
2014 Buick Enclave Premium Edition
Thanks
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Apparently they expect resale demand to be less for the top of the line version, hence the much lower residual. The premium version stickers around $48-50K depending on rear seat entertainment ($1295) and paint color (red is $1K more). Zero down lease payment is in the $770 range plus tax.
The luxury version with navigation stickers around $42-45K, again depending on rear entertainment and color. Zero down lease is around $650 plus tax. These numbers are before any hard negotiation, though I doubt there is much wiggle room there.
As far as I can tell, only differences between luxury and premium are 20" wheels vs. 18", AWD with real time damping, adaptive forward lighting, HID headlamps, ventilated front seats, rear seat climate and audio control, and heated rear seats. The luxury model already includes most of the other goodies like heated front seats, ultraview roof, power liftgate, etc., and most are equipped with navigation (which includes bluetooth and other functions, plus the popup touchscreen that really makes the car-- it's more than just a map). Are those other extras worth an extra $5K or $120/month? That's a big price difference.
would like to hear more from people who have or are thinking leasing this vehicle and if this is considered a good deal.
The common package on the lot seems to be luxury with AWD and navigation, MSRP $42,625. I was quoted lease price of $679 for 39 months, 12K per year, all taxes and fees rolled into the payment. Due at signing just first payment and DMV. NY requires tax (8.625% in my area) on all payments to be paid upfront, so rolling it into the payment incurs added finance charges. Therefore, other states probably have slightly lower lease payments. Still, at this price, I think this is a lot of car for the money.
Just choosing my color now. Leaning toward grey flannel.
http://www.scribd.com/doc/13603910/2010-Cadillac-SRX-complete-ordering-guide
I only have one dilemma right now. I worked out what I believe to be a very good deal on the luxury B-package with navigation, MSRP $42,625. Pretty common configuration around here. My first choice is the grey flannel color with titanium interior. Dealer says they can't find one (I need car next week--can't order). They do have that combo in stock, but it has rear seat entertainment. I don't really want that, more importantly I don't want to pay extra for it. I would be willing to pay a few dollars more considering the color preference. The problem is the lease on that grey one. With the rear entertainment, MSRP goes up to $43,920. Dealer tells me that the current lease offer has a maximum MSRP which is lower than that. In order to work up a lease on that car, they need to use a lower MSRP. This means the actual sale price is higher in relation to MSRP, which causes the payment to be higher. Bottom line is this grey one with rear entertainment will cost $27/mo. more than any model without rear ent. If not for this "cap" on the lease deal, an extra $1295 option should only add about $15, more or less. I could live with an extra $15 for my preferred color plus the rear screens. But $27? I have a hard time justifying that. I may just settle for another color at a lower price. Maybe silver? I do like the titanium interior--works well with the black and chrome dash and center stack.
Deal is $673/mo., with all upfront costs rolled into the lease. This includes $695 bank fee and NY sales tax, which is paid upfront on NY leases or financed into the lease. No security deposit. Due at delivery only first month plus DMV charges and sales tax on the $1K rebate (NY sucks). I'll have it Saturday. Full report to follow.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I personally would never, ever pay that. I'll make darn sure that I like the vehicle I want before pulling the trigger on it and keep the five bills thank you. The return program seems sort of gimmicky to me, but who knows what message will resonate with the general public. The media claims that thus far the program has been a success.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you please post Oct lease rates for the 2010 FWD SRX base and FWD Luxury? I am looking for:
- Term (36 and/or 39)
- MF
- Residual
- Miles (12K)
- Acq. Fee
I am located in Fort Lauderdale, FL. Have you heard of a supposed $1,000 conquest incentive in my area? I didn't see it on Edmunds.com. I only saw the $500 in lieu of the 60-day return....
Thanks in advance for your help!
He confirmed the $1K conquest incentive and called it regional. I'm looking forward to what Car_man has to say.
2014 Buick Enclave Premium Edition
US Bank's October base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX FWD Base with 12,000 miles per year are 4.32% and 53%, respectively. The numbers for an otherwise identical 39 month lease are 4.32% and I believe 51%.
I haven't seen anything on any sort of conquest cash on this truck this month. It's possible that it is a regional program that's only available in your neck of the woods.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
What are the current lease residuals for a 2010 SRX premium through US Bank on a 36 month 36000 mile lease?
Thanks
2014 Buick Enclave Premium Edition
I thought the Premium might have a different residual than the base.
My bad.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I just purchased my Lexus IS250 and I am so greatful for all the help and guidance you provided!!! Thank you!!!
I am now helping my mom research lease prices for the 2010 Cadillac SRX and I figured the forums would be the best place to start. She lives in NJ and is interested in the base model or the next one up which runs about a $36k MSRP. What is the current residual on a 15k mile a year lease and what would be a rough money factor...her credit isn't really all that great so I was wondering if you knew of a worse case scenerio #. Any help would be greatly appreciated! Thanks!
Amber
I will be picking up my SRX in a couple weeks and was wondering if the residuals or lease % rates have changed at all for this month.
Thanks
Here's the current lease program for the Cadillac SRX that your mother is interested in. GMAC's current base lease rate and residual value for a 36 month lease of a Base or Luxury 2010 Cadillac SRX with 15,000 miles per year are 3.55% and 48%, respectively.
Normally one's credit score could have an impact upon what money factor or interest rate they are charged on their lease, however I believe that GMAC runs a sort of pass / fail system with its lease program. Either your credit score is good enough for you to qualify for its best rate or you can't lease through them at all. Furthermore, GMAC is one of the more lenient banks in terms of who it approves to lease and finance vehicles. Your mother should be able to lease through them unless her credit is really messed up.
When your mother is negotiating her deal, make sure that she takes advantage of the $600 cash incentive that is currently available on leases of this truck through GMAC.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Well, looks like it'll be Dec now...GM never recieved the order! But they cut another $500 off, making the negotiated $39,197, and threw in a free set of mud guards....
Anyway, it will be a FWD Performance w 20" chrome, 12,000 mile lease. Do you have the 36/39/48 terms, residuals, and with tier 1 credit, what is current MF?
Is there really a $600 cash incentive?
Thanks, I just want to make sure I'm fully prepared
Bigliljen
Im in NYC and looking to get into a SRX, would you recommend your dealer?
Thanx
Do the calculators only work when you walk into the showroom? :confuse: or am i missing something?
If they aren't quoting you a price, make a low ball offer to get the pricing started and see how they respond.
2014 Buick Enclave Premium Edition
Taking my business elsewhere
I also got a supplier discount on a Performance model w 20" chromes. The MSRP was $42425, and my discounted price was $40, 500. I kept looking around and found a dealer in Chicago wanting my business, and his cost was $39, 600, plus any incentive that nay be going on at time of pickup. So keep looking around, and get what you want.
Good luck!
2010 Luxury Pkg with Nav. $42k on the sticker.
Was quoted 52% residual and 3.6% (.0015) money factor.
This was on a 39 mo/12k lease. I was told residual was better on 39 mo and they don't offer 10k leases. Don't believe either.
I was offered $1000 Conquest rebate and the car at $500 over invice as my cap cost. I also had $1300 in GM earning.
In the end, the deal was $3200 at signing and $528/mo. I think I am going to wait another month or so and see if deals get better.
This will be only my second car.... my first car was financed and totally paid off and I'm trading it in to the dealer.
I'm getting cold feet as far as the lease or more accurately I'm on the fence, i would love the lower payments of a lease but I also like the ownership of purchasing out right.
THE QUESTION, finally, is it too late to switch my deal from lease to purchase? I still have my car, haven't signed any of the plethora of leasing papers, i guess that will be tomorrow. Although, my insurance has transferred over but the registration has not to my knowledge
Please give your opinions also... I read a lot online about leasing vs buying but maybe real life stories may help. Why did you lease or buy your vehicle?
Thanks
If you plan on keeping a car for an extended period and want to eventually quit making car payments, you should buy.
I have been leasing vehicles for both my wife and myself for the last 30 years. I am planning on retiring shortly, so I purchased this last vehicle. I won't be putting the miles on it that I am now, so it won't be necessary to have a new vehicle as often.
2014 Buick Enclave Premium Edition
i'd take your deal in a hear beat.
in philadelphia area