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Cadillac SRX Lease Questions

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Comments

  • ericzoomericzoom Posts: 213
    edited February 2012
    It looks like you did fine on your lease. The only reason my payment was lower than yours, was the extra $1600 rebate I received from GM or the dealer. That reflects the extra $50 on 39 months plus interest. You also have a 2012 SRX, where as the price increased slightly from my 11'.
    I also found that you do have to deal face to face with these people, rather than the internet. It seems to show more of a commitment in their eyes.
    I have to admit the dealer I used was pretty good, and they covered the 1st months payment, and 2 free tanks of gas.
    Enjoy your Caddy.
  • Thanks for your encouraging words.

    Of course the dealer threw me one last curve as I was signing for the lease: a 'Smart Lease' insurance offer that would cover wear and tear including tires at the end of the lease. He had a sign on the wall but no brochure for me to look at and I had to decide then and there whether to add an addition $650 to the lease amount ($20 per month) to get the insurance. I said no as I didn't have details as to what the coverage would be.

    I've done some searching online an other than some general information about the GM Smart Lease program aimed mainly at Dealers, I cannot find pro or con information or opinions.

    Anyone here have a view? I am not sure if I can engage insurance now that would cover anything in a reasonable fashion. I also read that some Dealers, eager to get repeat lease business, will negotiate end of lease wear and tear charges if you lease from them again.
  • I'm negotiating on a 2012 SRX luxury and would like to know what the the proper percentage rate, residual percentage, and if any lease cash is available. I'm considering both a 36 and 39 month Ally lease with 12K miles per year. Thanks in advance.
  • gtpspeedgtpspeed Posts: 5
    edited February 2012
    Hello,

    Looking for some numbers on a lease perferable through Ally.

    MSRP: $48,160 (SRX Performance AWD w/ Nav and 20" Chrome)
    Term: 24 Months or 27 (if better pricing)
    Mileage: 12K or 15K (leaning with 12K)
    Down: 0
    Qualify for Loyality with current 2009 CTS and can get GMS pricing.

    Numbers on this would be greatly appreciated.

    Chris
  • tmasjrtmasjr Posts: 30
    Car_man;

    Heres a deal on a 2012 LUX in Red, which I don't want, so they tacked on an additional $999, but I'll pick another color.

    Through Ally, which I have a Buick lease, I am also a Cadillac owner, and am turning in a Lincoln lease, do you know of any deals other than current owner? Would Conquest, or current Ally lease have any benefit?

    Here are the numbers they gave me;

    MSRP $43,995
    36 Months $557.79
    36000 miles
    $1806 total drive off

    This sounds very high!!!

    I only need 10k miles/year, and wouldn't mind going to 39 months if Ally or any other lender is offering something special, but where should I be if the MSRP is $42,995?

    Thanks for all your help.
  • Carman,

    I am looking at an SRX FWD lease. The terms are 15k/year but I have not decided on term. Either 24 or 36 month depending on the what the residual is. What is the current residual & MF for a 2012 SRX FWD Performance AND Lux? Also, what are the current incentives? I was quoted as being eligible for a conquest rebate for my current lease, but I am curious whether or not there are others out there to be had. Any input is appreciated!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi slingerjam. Ally's current base lease rate and residual value for a 36-month lease of a 2012 SRX Luxury with 12,000 miles per year are 1.1% and 51%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are 1.1% and 49%.

    General Motors is currently providing a $1,590 cash incentive on leases of this vehicle.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello Chris. Ally's current base lease rate and residual value for a 24-month lease of a 2012 Cadillac SRX Performance AWD with 15,000 miles per year are 1.0% and 59%, respectively.

    The residual value for a lease with only 12,000 miles per year is 2% higher.

    GM is providing a $2,250 cash incentive on 24-month leases of this truck through Ally.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi tmasjr. You really need to find out what selling price the dealer is charging you for the SRX that you're interested in. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what this number is and we'll tell you what we think.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi crw7096. Ally's current base lease rate and residual value for a 24-month lease of a 2012 SRX Performance AWD with 15,000 miles per year are 1.0% and 59%, respectively.

    The numbers for an otherwise identical 36-month lease are 1.1% and 48%.

    The lease rates for the Luxury AWD are the same, but the residual values would be 1% higher.

    General Motors is currently providing a $2,250 cash incentive on 24-month and $1,590 on 36-month leases of the '12 SRX through Ally.

    Car_man
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  • 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: 38,515
    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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  • cityboy2cityboy2 Posts: 26
    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: 38,515
    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
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    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: 145
    tmasjr....I'd like you to send me the dealer info also.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    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
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    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
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  • 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: 63
    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: 38,515
    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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  • 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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