Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
richm4, the new GP looks to have a better interior than previous models, but it still lacks in the luxury department. The CTS doesn't have the pure luxury look and feel of the STS or Lexus LS430/ES300 or even an Oldsmobile Aurora, but the materials do seem to be of good quality and it seems Cadillac spent the money on whats beneath the surface. For a sport sedan, that is a good thing.
Usually I prefer to pay cash and have never considered leasing because there seems to be too much leeway for the dealers to sneak in extra charges, plus I usually keep my cars 4 or 5 years. However the 36 month lease price I was quoted today sounds very tempting.
After my $7500 trade and various rebates such as GMS discount, GM loyalty, GM Card rebate, and after adding in taxes, I can either purchase the car out the door for $23,300 or lease it for a one-time payment of $6300.
It seems like a no-brainer to lease for the one time cost of $6300, save the $17K and then just buy a different car in 3 years, which is perhaps 1 year earlier than I would normally buy a new car. Unless perhaps I am missing something, never having leased before.
I would appreciate some opinions on which route is the best to take.
Thanks.
trade in......$175 bucks a month for 36 months
sounds good !.......................geo
BTW: My local Caddy dealer is adv. a new CTS
for $299 month, 36 mth., $2900 down
sonjaab, thats not a bad lease deal although I'd rather pay less up front and have a higher monthly payment. I assume that is based on a base model CTS. Speaking of, the local dealer has more CTSs in stock than they have ever had. I counted about 8 when I drove by there last night There were all either Sterling, White, or cashmere though.
It's a one time payment of $6300 for 3 years plus my $7500 trade-in. They would be willing extend it to 4 years for an extra $3000, but then the deal averages $193 per month instead of $175 per month. I figure that driving a Caddy for $175 per month seems like a pretty good deal.
I don't know if this makes a difference, but I usually only put about 4000 or 5000 miles on my car each year (thanks to public transportation to work).
One of my fears is that there may not be another car that I really want to buy in 3 years when I have to give up the CTS.
By the way, it seemed that the CTS gauges were very dim in the dealer garage. Are they fairly bright at night, or is there a brightness control somewhere?
The other cars currently slated to use the new 3.6 would not be likely manual vehicles.
So figure Cadillac sells around 48k CTS per year. 10% of that is 4.8k. There will be around 5k CTSvs available. If half of those looking at CTS with the V6 jumped over to the CTSv, that leaves only 2.4k manual sales. That is not a lot of people to absorb 10s of millions needed to design a manual.
One real problem with gasoline engines and manuals is that Europe is going diesel even in the higher end vehicles. GM cannot expect many Opel 3.6 sales. That means even less of a market to absorb gasoline engine manual development costs.
Better check the figures and some other dealers. If you do go with it and you can't find another car you fall in love with in three years you can always buy the car for the predetermined exit value. That's what I did with my '97 Catera while waiting for the CTS. If you only drive 5 to 6 thousand miles a year you may be able to negotiate an even better deal as most leases expect 12 thousand miles per year.
The console light dimmer and the interior light switch are the slider in the front of the overhead console. I had a hell of a time finding it when I took my first test drive, but is really convenient once you get used to it.
Fords SVT Focus sells 5000 units and yet is still under 20k price, yet still has a unique manual transmission.
So if Ford can do it on an economy model, how is it tough for the general to bolt one into a 3.6 CTS, especially when they might either want to market a REFINED manual tranny CTS in Europe in the future or if Opel already has a need for same said parts?
BTW, no one considering a base CTS is necessarily going to think its an easy reach to go from a 30,000 dollar base CTS to a 50,000 CTSv.
The reason the Lincoln LS got a manual transmission at all was that the car was intended to replace the Euro-market Ford Scorpio/Granada. There's a lot that was done right in the LS (suspension, aluminum nose sheetmetal, trunk-mounted battery) that I don't think would have been done if the car had been designed only for the US market.
I'd bet the Getrag transmission in the CTS is an off-the-shelf piece, probably identical (or nearly so) to that in the Opel Omega, various BMWs, etc.
How many CTSes are actually selling for $30K? Would a $50K CTSv be any bigger stretch than going from a $40-something-K 525i to a $72K M5?
The Focus engine and manual are used in other markets, including Europe as mentioned above.
Opel is making a big push to diesel, even in the higher end. I do not know whether the 3.6 will even find its way into an Opel. If it does, a manual will definitely find its way into a 3.6 CTS (if one is not already).
Australia is another source of hope. I imagine they will want the 3.6 there. If it can wean the sporting Aussies off the V8s they like so well, you might see a manual out of that also.
Also the most interesting spec on this engine is the fact that it will have 252 ft lbs of torque at only 2800 rpms!!!
This car will have excellent around town torque
and I imagine with it's efficient transmission it will be quicker than the G35 auto.
This engine will completely transform the car.
2004 order guide:
http://eogld.ecomm.gm.com/NASApp/domestic/proddesc.jsp?year=2004&- amp;butID=1®ionID=1&divisionID=5&vehicleID=328&- ;type=0#
Did I miss something here?
Hes pretty spiteful since he got slapped down in the Impala and Malibu threads.....
Maybe he will leave us alone. I thought parents
were supposed to supervise children when using the
net?
and 2 autos.
Still can't figure out why the memory seats are excluded from a manual 3.2 engine.
Now I'm starting to realize why I never believed in leasing in the first place. At least when I'm paying cash for a car, I know exactly how much everything is costing me.
as i get my
BIG
PENSION
CHECKS!!!!
$9200 plus $7500 for trade equals $16,700, which comes to $464 per month. Now that seems terrible compared to the $175 I thought it was costing me.
Do you think the dealer is trying to screw me?
Starting Aug 1. GM is sending us a GM extended family card (in
july) and cutting and converting our 5% to 1 % when used to purchase on GMS plans !
OUCH!
GM actually cut Canadian cards to 3% for everyone this year (but with no annual limit). It's still a a good card, just not as good as it used to be.
Another reason I'm trying to make a decision by tomorrow about the CTS is that $1500 of rebates I'm eligible for towards the CTS expires tomorrow.
If you have the trade in and the GM card earnings then why not buy it.
If you are borrowing 20K then I think your payment would be less than $400 over 5 years.
Don'tnow what the multiplier is with the interest rates changing so much.
If you give us the amount borrowed, term and interest rate we can figure what your monthly payment is on a purchase and compare it to the lease payment.
"M82" automatic transmission requires 3.6L VVT V6 engine.
Nowhere does it say you can get the 3.2L and the auto.
The 3.2L is available only on the 1SA package.
Almost as if they don't want to sell the 3.2L.
I guess they want to have a cheap version of the car, just to say they have it.
Maybe I was correct in a previous post "that the cost of shipping the 3.2L from Europe negates the extra cost of the 3.6L VVT motor."
Seems like old times.
Now, I can see that the dealer is probably making much more due to the hidden costs in a lease, as opposed to me simply paying in cash.
This type of potential trickery is one reason why I never considered leasing before. Although, I have to "compliment" the dealers on their smooth-talking.
I appreciate all who have provided me their opinions, and would welcome any other suggestions or opinions.
The price to buy the car at the end of the lease has nothing to do with depreciation. It is the difference between the price of the car new, less the lease payments plus the interest on the lease payments. The depreciation should only affect the lease payment calculation to determine the monthly payments. The more you pay in lease payments the less the care should be worth at the end of the lease. Your salesman seems to be trying to maximize your costs at both ends. Personally I would look elsewhere for the car or buy it for cash from the dealer and get a loan from a bank, or find an independent lease company.
Sounds like your dealer might be playing games.
It is hard to tell with a lease.
You might want to check around to see if he is nailing you on the trade in.
As far as what the car is worth at the end of the lease(residual), that is easy. It is usually a percentage.
My Intrigue was 50% but it was subordinated by GM. I have seen some Hondas be higher.
If you are dealing with a 23K base cost and the car has a residual of 15k then you are in effect financing 8K. 8K divided by 36 = $222 monthly.
If the car is worth 18K then you are financing
5K for a monthly payment of $138.
I haven't factored in a interest rate on those calculations.
As you can see to finance 1k on a lease is quite expensive.
Oftentimes they will not give incentives for lease cars. So the acquisition cost is higher.
I leased my Intrigue in '99 and luckily got out of it do to an incentive. I will never lease again due to mileage.
Just messing with your log in name, since bingoman called you richm5.
When I got my Intrigue I did a lot of homework and
talked with a friend of mine who worked for Chryser Financial. He helped with cap cost, cap rate, residual, etc.
I had the whole thing figured out.
Olds was offering a special $299mo. deal on an Intrigue GX with a MSRP of $21,500.
The car I wanted was $23,000 so I negotiated a price of about $21,XXX and figured I would get the $299 mo deal.
My deal was actually $327 mo.
I also financed the tax and tags plus the $400 acquisition fee.
I asked them to show me why.
It turns out the $299 mo deal was calculated on a discounted GX. One with a sales price of 93.75%
of MSRP.
In other words dealers would have to discount their cars to participate in this $299 mo special.
No where in the advertising did it say the dealer was participating in any way in this special. I was also the one who made them aware of it. They had no clue that it was being offered.
My deal was also about 93.75% of MSRP. So the dealer made about $579 on the car plus the 3% holdback ($660).
Crappy day. I drove poorly. Bleh. :P
missouri2, you reminded me that I need to give Borla a call to find out what their procedure is for becoming one of their dealers. My normal distributor doesn't carry Borla products, so I may have to set something up "especial". How many people on this list are interested in a Borla cat-back dual exhaust? Normal proce seems to be about $1000. I should probably be able to get it for $800 or less.
Got that steering nut fixed. Don't know if mine was loose or not. Also put on my new tires and got the first Mobil 1 oil change put in. The new tires are so much better it's incredible. The car should have come with these stock (although poor weather performance is non-existent).
Thanks
I just became a happy camper! I hope this is for real!
Now that would be news... Bose making something that works.
It was either in the "news" section or the "cts" section