Cadillac ATS

candy7371

Looking at 2 ATS. Both base models (2.5L) with CUE. One has a sunroof. MSRP of the one with sunroof is $36,400. The other is $33,200. Money factor is 2%. Lease terms 39 months/12k miles. $380 tax included, nothing out of pocket. This is for both ATS. Not sure if this is a good deal or not. Any insight would be great and thanks in advance.

candy7371

$380 a month, each. Not $380 for both. Wanted to clear that up.

kyfdx

@candy7371 said:
Looking at 2 ATS. Both base models (2.5L) with CUE. One has a sunroof. MSRP of the one with sunroof is $36,400. The other is $33,200. Money factor is 2%. Lease terms 39 months/12k miles. $380 tax included, nothing out of pocket. This is for both ATS. Not sure if this is a good deal or not. Any insight would be great and thanks in advance.

Do you know the selling price? There is either $1500-$1900 lease cash available on this model, so you should negotiate a low selling price.

candy7371

I didn't get the print out but I believe the selling price for both was 33,200 more or less. Sorry I don't have exact numbers to be able to help gauge better. I feel $380 is a bit high but I'm not too lease saavy.

kyfdx

@candy7371 said:
I didn't get the print out but I believe the selling price for both was 33,200 more or less. Sorry I don't have exact numbers to be able to help gauge better. I feel $380 is a bit high but I'm not too lease saavy.

A lot more goes into a lease payment.. What state/tax rate? And, what amount do they want at signing?

candy7371

Tax is 7%. The deal is with no money out of pocket. Not even tags or tax. I do know the money factor is 2%. They displayed it in percentage and not decimal format.

kyfdx

@candy7371 said:
Tax is 7%. The deal is with no money out of pocket. Not even tags or tax. I do know the money factor is 2%. They displayed it in percentage and not decimal format.

Okay.. about $355/mo, plus tax.. 54% residual for 39mo, 12K/yr. The 2.00% APR is correct, which converts to an approx MF of .00083.

On an MSRP of $36,400, that equates to a CAP cost of around $31,800. Given the ZERO out of pocket, it looks like a decent deal.

I haven't shopped this vehicle, so I'm not sure how low you can go. You can use the Make/Model/Year tabs at the top of the page to research pricing and incentives ($1500-$1900 lease cash, for sure). It doesn't look like a bad deal, from here.

candy7371

Thank you so much for all your help! Maybe I'll just pull the trigger on this deal after all

candy7371

Went with another dealer and this was the deal I got.... MSRP $37,455.00. ATS 2.0 Turbo with CUE. Negotiated price was $34,578.20. Rebates totaling $2500. $0 out of pocket. 39 months/12K miles. Got the tire warranty because the turbos brings run flat tires. $389 tax in and including tire warranty which was an extra $9. I think this was a decent deal. At least I hope so!

kyfdx

@candy7371 said:
Went with another dealer and this was the deal I got.... MSRP $37,455.00. ATS 2.0 Turbo with CUE. Negotiated price was $34,578.20. Rebates totaling $2500. $0 out of pocket. 39 months/12K miles. Got the tire warranty because the turbos brings run flat tires. $389 tax in and including tire warranty which was an extra $9. I think this was a decent deal. At least I hope so!

Looks good.. Under $400/mo for a Cadillac can't be bad..