2014 Cadillac SRX Lease Questions

Michaell

djmeyers said:

The 2014 SRX for 39 months and based on 10,000 miles per year with the first payment and tags down ($790) had 38 remaining payments of $499; The MSRP is $46,940 and the selling price of $44850, less your GM card of $1,010.49 and $1,500 from Cadillac for a balance of $43,339.51 plus tax and tags (which are included in the payments)

I get a pre-tax payment of $458.15/mo for 39 months with the MSRP and selling price you've provided. 9% sales tax takes the payment of $499.39/mo.

djmeyers

2014 SRX Performance Collection, MSRP: $52,060; Invoice price: $49,856.76; sale price: $49,060. With rebates, I'm being quoted $595 tax included for 39 month/ 10k per annum miles. I have $1010 in GM points that brings it down to $565. PA dealer. Ok deal?

Michaell

djmeyers said:

2014 SRX Performance Collection, MSRP: $52,060; Invoice price: $49,856.76; sale price: $49,060. With rebates, I'm being quoted $595 tax included for 39 month/ 10k per annum miles. I have $1010 in GM points that brings it down to $565. PA dealer. Ok deal?

I get $534.08/mo pre-tax with your numbers and MF/RV quoted above. The $1010 in points should be applied to the sale price, which should reduce your pre-tax payment about $26/mo.

Not sure what the tax rate is in PA - I've heard 10% in Pittsburgh - but 9% sales tax takes the payment to $582.14.

jimmyjakes

Wowsers, you guys are awesome!

I am in Wisconsin (Go Pack Go) 5.5%

2014 Srx performance AWD msrp $51937, and offer on site is $49937. I am an ex salesman and i understand some of the details. I am looking for 36 or 39 month with 15000 miles a year.

Which lease programs are the best these days. Im out of the loop. I see alot of mentions of Ally, what about GMAC?

How difficult is it to get a lease? near excellent fiance' credit scores 700 plus on credit karma, truecredit etc, and mine is near 800 on those. I know its not fico. My income last year was not filed yet, hers is 40k.

Thanks much!

kyfdx

jimmyjakes said:

Wowsers, you guys are awesome!

I am in Wisconsin (Go Pack Go) 5.5%

2014 Srx performance AWD msrp $51937, and offer on site is $49937. I am an ex salesman and i understand some of the details. I am looking for 36 or 39 month with 15000 miles a year.

Which lease programs are the best these days. Im out of the loop. I see alot of mentions of Ally, what about GMAC?

How difficult is it to get a lease? near excellent fiance' credit scores 700 plus on credit karma, truecredit etc, and mine is near 800 on those. I know its not fico. My income last year was not filed yet, hers is 40k.

Thanks much!

1.31% APR and 56% residual for 36mo, 15K/yr. 54% residual for 39mo, 15K/yr. Those are ALLY numbers and the only ones we have. The dealer may have access to GMAC and USBank, as well.

Leases are not hard to get, with good credit, as long as your income and payment history also qualify.

jimmyjakes

okay these are the numbers he came back with on ally lease

"Here are the leases using no cash down and 15000 miles per year. Selling price $48811. Less $500 lease cash from Ally financial. $631.92. (Does not include taxes or license)
39 month , 15000 miles no cash down, $500 lease cash $614.28. With your good credit of course. These are good through Nov 2nd. After that date the programs will change. Payment will be higher."

clear as mud right? Im sure programs will get better on nov 2. but the 14 model in color we want is scarce.

he originally quoted me $46811 purchase with a 2000 rebate. Is this 2000 not available when leased? current offers on cadillac .com doesnt even show the 2000.

looks like he is holding some money somewhere or holding a high money factor?

kyfdx

jimmyjakes said:

okay these are the numbers he came back with on ally lease

"Here are the leases using no cash down and 15000 miles per year. Selling price $48811. Less $500 lease cash from Ally financial. $631.92. (Does not include taxes or license)
39 month , 15000 miles no cash down, $500 lease cash $614.28. With your good credit of course. These are good through Nov 2nd. After that date the programs will change. Payment will be higher."

clear as mud right? Im sure programs will get better on nov 2. but the 14 model in color we want is scarce.

he originally quoted me $46811 purchase with a 2000 rebate. Is this 2000 not available when leased? current offers on cadillac .com doesnt even show the 2000.

looks like he is holding some money somewhere or holding a high money factor?

I get about $575/mo.+ tax, using the MSRP from your previous post and this selling price.

I don't have the answer to your rebate question, but many times, purchase incentives aren't available on a lease. $3000 off MSRP doesn't sound like much on an outgoing model, though.. Looks like the selling price is the place to lower your payment.

jimmyjakes

he got back to me regarding the APR.

He is using 2.3. But I have not had him pull my credit either. I am always reluctant to pull credit until absolutely necessary. as of now I want it to be hypothetical. My scores are 705 and 795 based off FAKO not fico. So I assume we are truly around 675ish and 750ish on fico.

If he is indeed holding alot on the deal I am glad I didnt waste a credit pull with them.

jimmyjakes

is it true the lease options on 2014 srx is over? no more leasing? 2015 only now?

kyfdx

jimmyjakes said:

is it true the lease options on 2014 srx is over? no more leasing? 2015 only now?

It sure looks that way..

cars_are_fun

Can the 2014 SRX still be leased? I am in NJ. If so can someone give me the MF and residual for 36 month / 12k miles lease? Is there a 24 month lease? If so please give that as well. Does it matter what trim level I take? I will probably take Luxury but would look at premium or performance if the deal residual / mf equation is the same. If you have 2015 numbers for same that would be appreciated as well.

Michaell

cars_are_fun said:

Can the 2014 SRX still be leased? I am in NJ. If so can someone give me the MF and residual for 36 month / 12k miles lease? Is there a 24 month lease? If so please give that as well. Does it matter what trim level I take? I will probably take Luxury but would look at premium or performance if the deal residual / mf equation is the same. If you have 2015 numbers for same that would be appreciated as well.

no 2014 numbers, which I would interpret as an available lease will be expensive.

2015 numbers - 1.20% and 66% for 24/12; 1.85% and 58% for 36/12.

Good for all trim levels.

Claires

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