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2013 and Earlier Cadillac SRX Lease Questions
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Comments
Looking for the money factor/residual for a 2012 Lux v/ Nav AWD, 15k, 39 months lease. Gotten some initial offers from dealers that are all over the place. Also, any information on incentives this month?
I believe that General Motors is currently providing a total of $1,475 in cash incentives on leases of this vehicle through Ally.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP 40,725
Lease end value factor 55%
selling price 39377 (with dealer discount)
Rebate amount: 4475 (3000 in my GM point/1000 owner loyalty/475 lease rebate)
adjusted value: 35697
lease APR: 1.6%
Acquisition fee: $725
total tax window: 1217
Base monthly: 375
Includes gap insurance
First months payment forgiven/total due at signing $191 for title/tax/docs/plates
Any room for negotiations?
As far as the Rendezvous, i would try to sell that privately if possible, because you would definitely get a lot more for it than the dealer trade-in. I also leased an 02' Rendezvous CXL back then, and I thought that was a pretty comfortable and reliable truck. Also another cheap GM lease.
$359 is where I want to be and I see you had a couple of 1k rebates I don't. At least I see that as the difference. You did very well. I could through some money on the table but I don't like plunking money down.
I am looking at getting gap insurance separately - my current insurance company offers it - which may save a few bucks.
Ally is forgiving the first month but this is only a 36 month/30k mile lease.
The dealer is pretending he is trying to meet my goal but spins around three times and then presents exactly the same monthly fee.
I am actively shopping around for the 39/39k lease that starts at $369 with $1999 down - figure my GM points would cover the down and leave another grand for sales price reduction which would get me further towards my goal.
I just got a card in the mail from GM Mastercard stating that my earnings are being upped to $2000, and the $1000 owner loyalty bonus. Too bad I don't need it at this time.
At least your going for an 12' SRX with the better 3.6 engine, than the slightly
anemic 3.0.
As you said, your deal was similar to mine: I have $4475 rebate (GM 3000/Loyalty 1000/ Lease 475. You had two other 1000 rebates adding a net $1600 to the cost reduction which got you to the lower figure.
Congrats! I am still battling to get under $400 w tax/fees.
There was such a variation of lease prices offered from different dealers.
Good luck.
Sales people expressed frustration that the internet was providing consumes with so much ammunition. But, from my vantage point, as much as I learned from the research, there were elements of the deal that were simply not negotiable. I would say 'can you do this ... or is this something that could be changed?' and the answer was consistently "no." I thought I might be able to improve the parameters like mileage allowed but was told "Sure, as long as you pay more per month." And there was a reluctance to negotiate details via email. Chances for errors were there and they didn't want to make it too easy for me to compare deals. And some of my questions were simply ignored in emails so it was necessary to have face-to-face meetings to press points.
I am satisfied that it is a good deal and I like the car a lot.
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.
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.
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
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.
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!
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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Prices Paid: Buying & Leasing Experiences Forum
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
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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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Prices Paid: Buying & Leasing Experiences Forum
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?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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.
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!
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
Thanks,
Laura
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!
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.
Thanks!
GM is providing a $1,590 cash incentive on 36-month leases of this vehicle through Ally.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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?
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
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
MSRP 2012 Cadillac SRX AWD 4Dr Wagon Luxury . 44,035.00
Agreed Upon Value . 41,295.71
Ally Bank Acquisition Fee 395.00
License/Title Fees . .. .. 139.00
Gross Capitalized Cost . 42,010.90
Capitalized Cost Reduction (Ally Bank Cash Incentive) 1,765.00
Adjusted Capitalized Cost 40,064.71
Residual Factor .. . . 0.49
Residual Value (Residual Factor × MSRP) . . . 21,577.15
Ally Preferred Bank Rate (Base Rate) .. . 1.00%
Term (months) . 39
Base Monthly Lease Payment . . . . 500.00
KY U-Drive-It Tax @6.00%.... .. .. 30.00
Total Monthly Lease Payment . 530.00
Charges Payable at Lease Origination
1st. Month’s Lease Payment ... .. 530.00
Tax @ 6.00% on $1,765 Cap Cost Reduction . 105.90
Amount Due at Lease Signing .. .. 635.90
Fund Provider: Ally Bank
Security Deposit: None
GAP Coverage: Included
Annual Mileage Allowance: 10k
Disposition Fee: None
Purchase Option Fee: $2,500.00
Excess Mileage Charge: $0.25 per mile
Reg. M Disclosure: NA
John
The AutoLeaseGeek
2011 Cadillac SRX - AWD Premium Collection (est. MSRP $51,000, unsure of the sale price)
26 Months Remaining on Lease
32,400 Miles Remaining [1,246 miles per month]
Op. Lease End Buyout: $24,500
Monthly Payment - $602.97 [with $1,000 seller incentive, original lease payment is $641.43]
Anything else I need to be aware of in taking over a lease? Thanks alot.
MSRP 53,265
Price 52,000
Residual 25,567 (48%)
Other Capitalized Costs 1,765
Program CCRA 1,765
CASH DOWN 8,500
Rate 2.2%
Administrative Fee 795
Monthly Payment 584.01
No security deposit
Wow, just wow...........................
The dealer really doesn't care which mode of financing you choose; buy or lease. So, do your homework (Edmunds, TrueCar, etc.) and establish a fair price first as it's the most important number in any lease transaction. It's what "drives" the deal so to speak.
You may want to inform the dealer and kindly thank him for his time. Then, go find another dealer.
Good luck!
John
The AutoLeaseGeek
I received the following lease quote from a FL Cadillac dealer on June 2nd, 2012. It's for a 2012 SRX Performance with Chrome Wheel Package.
Selling Price $45,700.00
Discount $2,100.00
Rebate $3,765.00
Adjusted Price $39,835.00
Phantom Footprint $149.00
1 remaining lease pymnt $500.00
Purchase Price $40,484.00
Taxable Fees (Estimated) $450.50
Rental Fee $60.00
Doc Fee $599.00
Tax $314.41
Non Tax Fees $227.00
Net Price $42,134.91
The selling price doesn't seem too bad, although there's a lot of misc fees... I'm looking for a 36 month lease with 16,000 miles/yr. Here's what they quoted me.
Cash down payment: $1,890.00
36 month lease: $632/month
39 month lease: $612/month
Despite a decent net price, the monthly lease prices seem way high compared to what I'm seeing others get. Can you tell me what you think the monthly lease prices should be based on GM's June MF and Residual figures? Thanks for your help.
Car_man
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Ally's current base lease rate and residual value for a 39-month lease of a 2012 Cadillac SRX Luxury FWD with 12,000 miles per year are 1.0% and 49%, respectively.
GM is currently providing a $1,765 cash incentive on 39-month leases of this truck through Ally.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum