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Cadillac SRX Lease Questions

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Comments

  • tmasjrtmasjr Posts: 30
    I leased a '11 Luxury w/NAV, got another $2000 non-GM lease discount, plus the $1590, and another $3000 off a demo with 300 miles on it. Got the cap cost down to around $35,000 on a vehicle with an MSRP $43,000. I paid the plates, tax on rebates, first month payment, and documentation fees out of pocket. My payment on the 39 month lease, was $389 plus tax.

    If anyone would like the dealer information, in Arizona, I'd be happy to forward.

    I think I got a good deal, but what do others think?
  • tmasjrtmasjr Posts: 30
    I meant to type, 2012, not 2011.
    :)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    That's a nice vehicle for $389 per month, tmasjr. Good job. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride :shades: !

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • cityboy2cityboy2 Posts: 22
    Hi Car_man,
    Currently '12 Luxury (MSRP 40,890) for 36 mo. and 10K mi. offered for $435/mo with $2K down on Cadillac web site
    I think they used $1590 incentive, but what is the residual and money factor they used? I'm plugin in different numbers in the calculator, but still cannot come to $435/mo before tax.
    Also, what would be residual and money factor for similar '12 Luxury, but AWD for 36mo and 10K.

    Best regards.
  • gtpspeedgtpspeed Posts: 5
    edited March 2012
    I just leased a 2012 SRX Performance FWD with Navigation, 20" Chrome-tech Rims and the exterior chrome package ($45,700 est MSRP). Details of lease term are:

    27 Months
    15K per year miles
    $800 Due at signing
    $538 per month. (with tax and everything)

    Best deal I got by far from all the dealerships I researched.

    Have had it for almost a month and love it so far, nice ride and love the deal even more!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi cityboy2. Ally's current base lease rate and residual value for a 36-month lease of a 2012 Cadillac CTS Luxury AWD with 10,000 miles per year are 1.1% and 52%, respectively.

    The lease rate is the same for the 2WD version of this truck, but its residual value would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Wow, I just spoke to a dealer that wants $624/month, 39mo, 10K miles/year, with 0 down. Did you just negotiate them down or is that what they were offering?
  • laurag2laurag2 Posts: 1
    Hi - I am in the Chicago area. I currently own a 1997 Seville STS (which I bought used in 2000) and want to get a new SRX. I am wondering if it would be better to lease or buy. If anyone has gotten any good deals in the Chicagoland area and can give me a lead, I would really appreciate it. Also, if you have any advice, I'd appreciate that as well.

    Thanks,

    Laura
  • cwa318cwa318 Posts: 51
    Carman........

    Please post the current lease numbers for a 2012 FWD SRX Performance for 36 months at 15k miles a year. Also any rebates that may be associated. Thanks!
  • punchyjdpunchyjd Posts: 1
    I'm looking for some advice on the lease deal I've been presented.

    Car_Man -- what do you think? I've seen some on here get better deals. Any help would be appreciated. Thank you!

    2012 SRX AWD Performance Package - MSRP 48995.00 with all the options below
    Premium Paint - MSRP 495
    20 "ChromeTech Wheels - MSRP 495
    VAS Grille, Bright Finish - MSRP 340
    VAV Floor Mats, All Weather Front and Rear 135.00
    License Plate Bracket MSRP 15
    Destination Charge 875

    Negotiated Price 46600.00

    24 Mos Lease
    -- 2250 Lease Cash Incentive
    -- 1200 Due at Signing
    -- 29337.00 Residual Value
    -- 6.5 Sales tax
    717.81 per month

    36 Mos Lease
    -- 1590 Lease Cash Incentive
    -- 1095 Due at Signing
    -- 24447.50 Residual Value
    -- 6.5 Sales tax
    655.13 per month

    39 Mos Lease
    -- 1590 Lease Cash Incentive
    -- 1074 Due at Signing
    -- 23469.60 Residual Value
    -- 6.5 Sales tax
    633.64 per month

    I'm not completely sure of the money factor but I think it is 0.0011.
  • tsanttsant Posts: 1
    tmasjr, would you mind shooting me dealer info? I'm in AZ, and am currently looking at leasing a '12 SRX.
  • billmvbillmv Posts: 142
    tmasjr....I'd like you to send me the dealer info also.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi cwa318. Ally's April base lease rate and residual value for a 36-month lease of a 2012 SRX Performance FWD with 15,000 miles per year are 1.1% and 49%, respectively.

    GM is providing a $1,590 cash incentive on 36-month leases of this vehicle through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi punchyjd. The selling price that you were quoted is probably equivalent to around $500 over invoice, assuming that the dealer is subtracting the cash incentive from that. That's not a bad deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • babminibabmini Posts: 6
    So a 2012 srx msrp$44,280 cap 42022 dr/off1344 15k mi 36m 510 Inc tax where am I getting beat here? Does the lease incentive seem like it's included?
  • cnote2cnote2 Posts: 42
    looking for 36m 15k mile numbers as well as lease cash for northeast region? thanks in advance
  • infinitiluvinfinitiluv Posts: 16
    Wow...this is a great deal. Where are you located that you got this deal? I want to use it as a reference. I'm looking at a similar deal...
  • infinitiluvinfinitiluv Posts: 16
    2012 SRX Luxury w/o Navigation
    39 month lease
    $556 down
    15,000 miles per year
    $556 per month

    Sale price of $39000. MSRP is $41375 plus tint and pinstripe and nitrogen. I don't know the MF, but it is 51% residual.

    Please let me know what the MF should be and what you think the payment should be. Do you think I can do any better?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello infinitiluv. I personally think that you can do better than $39,000 on this car if the dealer is not subtracting the $1,765 cash incentive that is available on 39-month leases of this truck right now from that. If you are in an area that has a decent level of competition, shoot for $500 or so over invoice minus the cash.

    Once you arrive at a selling price that you are comfortable with have the dealer calculate your payment using Ally's base lease rate of 1.0%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • infinitiluvinfinitiluv Posts: 16
    Carman,

    Can you check out the specs on this truck and let me know if I'm getting a good deal here:
    http://www.frankkentcadillac.com/InventoryDetails.aspx?ID=9695051

    Here is what I was quoted:
    $573/mo
    $42,599 sell price

    Do me a favor and shoot me the numbers I need to negotiate. Thanks, Sir.">link title
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