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Cadillac SRX Lease Questions

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Comments

  • acepitcheracepitcher Posts: 3
    edited March 2011
    Hi Car Man,

    I was wondering if you could provide the March residual value for the FWD Luxury style with 12,000 miles per year for 36 months. I also had a question about MFs. There is no MF being charged on my Honda Oddyssey, and I would like to know some reasons why that could be.

    Thanks
  • cardeeprcardeepr Posts: 1
    What should I pay for a 2011 LUX AWD SRX lease.
    5000 down
    39 months
    12k/per yr
    7% sales tax
  • hi all-

    im planning on leasing an srx in the next week or two. Im going to put a down payment of $2000 drive-off and only need 10,000 miles.
    what do you think would be a good payment? i will Not be keeping the car after the lease...
  • dea8885dea8885 Posts: 2
    This is my first time leasing, so I am new to it. We leased our SRX on the 12th of March. The first payment that we will need to send in is due on the 12th of April. I have not received anything in the mail from Ally. When I tried to create an account on their website, I am given an error message. I do not not have the account number (as I have not received any paperwork from them), but I tried creating an account using the option of the VIN. I am going to calle the dealership tomorrow and ask them and possibly call ally also. Has anyone else had this happen? In the past, when I have purchased vehicles, they have sent a payment booklet in the mail. Also, I have read on other websites that it is better to pay your lease through Ally online, because if you mail it in they mark it late a lot without reason. I am not sure how true this is, but if anyone has experience, I would appreciate the help. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi acepitcher. Allt's current base lease rate and residual value for a 36 month lease of a 2011 Cadillac SRX Luxury FWD with 12,000 miles per year are 1.85% and 52%, respectively.

    When negotiating your deal on this vehicle, make sure to take the $650 and payment waiver that are currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • is there somewhere that the $650 and payment waiver are listed online?

    i am going in tomorrow and the current deal on the table is:
    $39130 purchase price for luxury w/ nav
    $2000 drive off
    and $509 including tax

    still feels a bit high.

    the lease factor is .00062 and a 58% risidual.
    any advise out there?

    thx,
    hillhopper
  • Hello all! New to the Edmunds forum so thank you ahead of time for any and all replies and/or comments.

    I've always purchased used vehicles and drove them into the dirt... Had a '90 5.0 GT that I put 200K on between 1995 and 2001. Then had a '95 Impala SS that I put 235K on from 2001 till now... Moved closer to my job so won't be driving as much anymore and looking at leasing a new 2011 SRX Premium AWD... Here's the target SRX - http://www.heritagecadillacbelair.com/new-cars/2011-cadillac-srx-v572637.aspx . Sticker is $51,800. Internet price is $46,900.

    Some background on me - I'm a DoD employee and USAA customer. Believe there are deals through both but have to do more homework on that.

    Would really appreciate it if someone could break down how I should approach the sales table with this particular vehicle? I've done all my research online - haven't been to the dealership yet. Is the internet price acceptable? What should I anticipate $$$ putting down? What would the RV be on this for 36/39 month lease. Prob due 12-15K a year.

    To simplify, a line by line breakdown of what the final sales sheet amounts, payments, and terms of sale should look like would be awesome...

    Again, thanks so much and look forward to the responses-
  • Am in the market for a new leased vehicle. Will be putting 4100 down. Have a current offer on a 2011 SRX AWD Luxury collection. 36 months 12k/y. After down payment and 2150 in rebates. Am quoted a figure of 439/month. A second dealer had me at 489/month and said the other guy is making a mistake somewhere? Is this a good deal? According to Consumer Reports MSRP 42230 with Invoice 40783 less dealer holdback 38714. Seems good but wanted to see what anyone else thought? Thanks. Larry
  • Here's what we just paid for a new SRX Base model lease (closed in April)

    Southern California Dealership
    CADILLAC SRX BASE 2011
    39 months
    12,000 MILES YEAR [.18cents/mile overage]
    MSRP: 35700
    SALES PRICE: 32000
    REBATES: $500
    MONEY FACTOR: 1.65 .00069
    RESIDUAL VALUE: 18,954 (53%), note-LEASE END FEE: $350
    Total Drive Off (Cash at Signing): $600
    MONTHLY: $397+ tax

    I contacted from almost every Cadillac dealer in SoCal and this was by far the best deal on an SRX.
  • talkyfawntalkyfawn Posts: 2
    Sounds like a good deal.

    Here was my deal for anyone still looking:

    CADILLAC SRX 2011 Luxury w/ Nav Premuim Ice White paint
    39 months 12,000 miles per year
    MSRP: 43,980
    SALES PRICE: 41,150
    REBATES: $1500
    RESIDUAL VALUE: 24,680
    Total Drive Off (Cash at Signing): $3000
    MONTHLY: $427 taxes included

    I have about 1000 miles so far and love this vehicle! I have not found it sluggish at all. Very comfortable and great features.
  • 40yearfan40yearfan Posts: 92
    Did that $3,000 include tax/title/license, etc. or was it just all capitalized cost reduction?
  • SRX Crossover FWD 4x2 4Dr 2011. I saw this add in the paper and I wanted to know if people think this is a good lease deal. I have never leased before and wanted to know what I should do if I take this lease, just go in and take it or can something be done to make the deal better. I will not be buying the car after. I would like to see if I like this oe and perhaps buy after a second lease.
    $3000 down + 299 1st month payment +695 bank fee +tax and tags due at signing.
    Total payments/purchase option 11,661/18,367
    total miles per year allowed 12,000
  • sdcdogsdcdog Posts: 1
    Hi Talkyfawn,

    That sounds like a good deal.
    What city/dealership was this at?

    Any cons about the car? How is the nav system? Have you used the Harddrive to watch any movies (while in park)?

    Thanks!
    Simon
  • soup152soup152 Posts: 5
    Can anybody tell me the residual/mf/any rebates for July for 15,000/yr?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello soup152. Ally's June 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 1.66% and 47%, respectively.

    General Motors is currently providing a $2,300 cash incentive on leases of this truck through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • soup152soup152 Posts: 5
    Are those June or July? I just left the dealer and they offered me. 45% residual, $2400 down for upfronts, $599 /mo for 36 mo. 1500 mi. Sound like a decent deal? By the way it is luxury w/ nav. I'm supposed to sign tomorrow but I'm questioning whether it's a good deal or not. Thanks
  • soup152soup152 Posts: 5
    I meant 39 months
  • talkyfawntalkyfawn Posts: 2
    Did you sign? That sounds high. Mine was luxury w/ nav, $3000 total out of pocket, 39 months, $427 per mth.
  • georgewvaughangeorgewvaughan Posts: 1
    edited August 2011
    Hello i got offered a deal i want to know if it's a good deal please help.

    3.0L V6 Performance Collection with nav 20 inch chrome wheels factory tv's in back seats

    $46,000.00 plus tax tittle and licencse in texas

    on a lease monthly payment $829.00 on a 36 month term 12000 miles $0 Down payment


    what do you think
  • sobeitsobeit Posts: 6
    edited August 2011
    That seems like an awful deal to me. If you go use the Ally Lease Estimator for GM and price a 2011 AWD Performance SRX with a MSRP of over $47,000 for a 36 month you get to around $740 per month. Mind you thats before taking anything off the MSRP or adding in rebates and such.

    http://auto.ally.com/payment-calculator/en/calculator.do

    Plus, the dealers are desperate to get rid of 2011's right now as the new and improved 2012 SRX's are being delivered in 1-2 weeks. I would either try to get a much better deal or wait and get the new SRX with more a more powerful engine, suspension, among other improvements.
  • kyfdxkyfdx Posts: 28,643
    It's the one that has a base MSRP right around $42K

    MF, residual for 12K/year and any lease incentives?

    36 or 39 month, whichever program has the deals, right now...

    Thanks!

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey kyfdx. Ally's August base lease rate and residual value for a 36 month lease of a 2011 Cadillac SRX Base AWD with 12,000 miles per year are 1.66% and 49%, respectively.

    The numbers for an otherwise identical 39 month lease are 1.66% and 47%.

    GM is currently providing a $2,300 cash incentive on leases of this truck through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kyfdxkyfdx Posts: 28,643
    Thanks Car_man!

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    HA. No problem kyfdx.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Anyone recently leased 2011 AWD Lux with Nav? I'd like to know how much discount you got.
    Thanks.
  • Carman,

    Was hoping you could help with the following: Looking for current money factor and residual on a 2012 SRX FWD Luxury lease for 36 (or 39 if it makes more sense today) for both 10,000 and 12,000 miles per year?

    Also, are there still cash incentives on this vehicle?

    Thanks.
  • kywonkywon Posts: 27
    Ditto what grizzle1 asked for. It seems like Cadillac is leasing through Ally bank so I don't know if Carman can help in this case.
  • kyfdxkyfdx Posts: 28,643
    Car_man should have the Ally rates...

    When I was at the dealer a week ago, USBank had better lease rates than Ally...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kywonkywon Posts: 27
    Do you recall what the MF and residual were for the SRX via USBank? Thanks!
  • Hi grizzle1. Ally's October base lease rate and residual value for a 36-month lease of a 2012 Cadillac SRX Luxury FWD with 12,000 miles per year are 3.1% and 57%, respectively.

    General Motors is currently providing a $1,325 cash incentive on leases of this truck through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.