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# 2013 and earlier Cadillac CTS Lease Questions

CarMan@Edmunds
Member Posts:

**38,514**
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Cadillac CTS. Thanks.

*Car_man*

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## Comments

138,514Car_manHost

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7I am putting $3K down and receiving around $4300 for a trade-in so I'm putting down around $7,300. The lease offered is $450 per month for 36 months, 12K miles per year. Is this a good deal?

38,514You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you are considering if you let me know what these numbers are.

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7MSRP - $41,240

Selling price - $39,523

Net trade in - $4,100

GM Dollars - $3,000

Lease payment - $450/month

So it includes $7,100 down, but the $7,100 is a noncash outlay so I never feel the pain.

I actually turned this deal down because the TMV price for the car per Edmunds was $39,000 so I told the dealer I wanted an additional $500 of the selling price and he eventually gave in. The new lease payment would have been $435/month. Only problem was when I went down to sign the papers, they had already sold the car. Oh well.

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38,514The selling prices of leased vehicles are absolutely negotiable. Negotiate as low a price as possible stipulating that you want any available incentives subtracted from it. The current cash incentives that are available on a leased 2006 CTS include $1,750 lease cash plus another $1,600 bonus cash on 2.8L models and $2,100 on 3.6L models, for a total of $3,350 on the 2.8 and $3,850 on the 3.6.

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1I went to a dealer today and I was told the current leasing deal of the base model is 1250 down plus tax and tags which totals to about 2500 (Idont remember the exact number) and 299.00 per month for 39 months I believe.

Is this a good deal as I really dont know much about leasing.

I was told it expires on 1/3/2006 so I better act fast

Thanks in advance for your help..

Nick in NY

2238,514Make sure to find out the full MSRP and selling price of the CTS that you want from the dealer. The selling prices of leased vehicles are always negotiable, so how good a deal the lease that you were quoted is depends upon how much of a discount you are being given. While GM's current lease program does indeed only run through January 3rd, I don't expect its replacement program to be any less attractive than its current one is. It is difficult to predict exactly what automakers' future lease and incentive programs will be like, but I suspect that the salesperson who you were dealing with was trying to create a false sense of urgency to get you to purchase your new vehicle ASAP.

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172002 Chevy Impala for trade-in...owed 19,000.00 and was given 11,000.00 in trade. Was told that I was 9000 negative equity from previous car deals. Lease dealer said in order to hide negative equity, they would need 1500.00 down, my vehicle and would give me a 2005 CTS new with sticker price 34,000.00 and my payments end up being 625.00 a month. What happen to me? good or bad?

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2292Can you post the money factor and residual value for a 2.8L 2006 CTS, or the GM equivilent for a 36/15K lease.

Much Appreciated!!!

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4CTS 2.8L

MSRP $31,190

Sale Price $28,500

$2000.00 Down

Lease Rate: 4.95% Residual 53%

10,000 Miles/36 month

Monthly Payment comes out to be $435 and change.

I know the lease rate's kind of high. Is the sale price high? How are people getting to $299/Month? Are my numbers really off?

38,514Let's use GM's current lease program to estimate what this car's lease payment should be. According to my calculations, if you were to lease a 2006 Cadillac CTS 2.8 with an MSRP of $31,190 and a selling price of $28,500 through GMAC right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $360 or so. The payment that you were quoted looks a little high to me. Make sure that the dealer you are working with is taking the $1,800 lease cash into account and is using GMAC's current base lease rate of 3.95% to calculate your car's lease payment.

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22006 CTS, 3.6L, White Diamond, Sunroof

MSRP - $36,085

Invoice - $$34,052

Supplier Price $33,952

Rebate - $2,000

My Price - $31,952

I am looking at putting $3,000 down / Payments $386 per month plus tax. Car Man or any out there, what is your take on this deal? Thanks

38,514For a point of reference, I'll work up a zero down lease payment on this car for you. According to my calculations, if you were to lease a 2006 Cadillac CTS 3.6L with an MSRP of $36,085 and a selling price of $34,052 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $484.

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26I would really appreciate your input on the following:

I'm working on a lease deal for a 2006 CTS.

Here are the 2 options they are giving me.

MSRP:33,890

Selling: 30,846 (including $2k rebate)

39 Mo 12k miles Resid: 53%

48 Mo 12k miles Resid: 45%

APR: 4.95%

Local Tax: 7%

39mo=$491

48mo=$474

I see from previous posts that 3.95% is the GMAC rate. I asked the dealers finance guy about this and he claimed "they get a point" on lease deals. These monthly payments look a little higher than I expected after using the GMAC calculator on their site.

Another question regarding these offers, would I better off going with the 39 or 48? Does it depend on if I plan on purchasing the car at the end of the lease period?

Thanks!

12does anyone know if the 3.95% rate and 51% residual offer is still valid in May and if so when it is scheduled to expire. Also, is there any lease cash available on the 2.8L CTS. Thanks

5Thanks

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62We have the $1800 GM rebate and another $1000 for GM employee certificate.

The negative side is negative equity from our current car of $6000.

With 12,000 miles for 39months, the payment would be $446 before taxes with $3000 down. 4.95%. 53% Residual.

The current lease offer is $299/mo for 39mo with $3400 down.

I believe that the $446 with $3000 down is higher that it should be even with the negative equity. It seems that with the GM discount, we should be able to do $299/mo with $500 down (-$2900). Then in regards to the $6000 negative equity, that would be $5000 with the certificate. As I understand it, about every $1000 adds about $30 per month to the payment, therefore, should we be at about $450/mo. with $500 down?

Thanks!

2I am considering leasing a 2006 CTS and wanted to know, if the $2000 lease cash is in lieu of or on top of the $3000 Manufacturer to Dealer Incentive (Marketing Support) that is utilized to determine the TMV on Edmunds.com? Also, could you please indicate what the current lease rates and residuals are for the CTS 3.6L for both 36 and 39 month at both 15,000 and 18,000 miles. Thanks in advance for your help.

6Walter

2Since my last post, here is the deal I currently have in works for a CTS 3.6L automatic with Luxury Package, Sunroof, and 17 inch Sport Package:

MSRP:

38,280Sale Price:

35,500Lease Cash:

2,000Add'l Rebate:

1,000(some sort of employee certificate)Term:

39 mthsMiles:

15,000 per yearResidual:

50%(pushing for 51% waiting for CarMan to verify)Lease Rate:

3.95%Based on my calculations:

$495.52mth including TTL.I have a trade-in worth $6,500 which based on Car Man's advice I am going to put in a money market account and draw on for my payments.

Total payment

316.06mth including TTL,after $179.46 per mth payment from trade-in account.How do these numbers look? Does anyone, including Car Man, think I can a better deal or should I take this? Thanks in advance for any input.

Christian

3Let's use GM's current lease program to estimate what this car's lease payment should be. According to my calculations, if you were to lease a 2006 Cadillac CTS 2.8 with an MSRP of $31,190 and a selling price of $28,500 through GMAC right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $360 or so. The payment that you were quoted looks a little high to me. Make sure that the dealer you are working with is taking the $1,800 lease cash into account and is using GMAC's current base lease rate of 3.95% to calculate your car's lease payment.

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Can anyone tell me if this quote above includes GM discount? I qualify for GMS and retiree certificate can someone give me a 12,000 mile 36 or 39 month lease quote with 0 down (Just the retiree certificate and any incentives)

My Goal which may not be possible is to walk into a dealership with 0 cash in hand and leave with a CTS for <350 p/month

Thanks

38,514Car_manHost

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21320 a month with 0 money down. I just returned from a deployment and am looking to replace my 12 year old car. Any help from anyone more knowledgable than myself would be greatly appreciated...I am in the San Antonio TX area.62006 3.6L Black CTS Ebony Int.

w/Auto Trans, Luxury Pkg, Sunroof, Upgraded Sound System

MSRP 38,190

This is a Dealer Demo with 3700 miles on it, sold as new so XM and OnStar etc. are included.

They are offering this car at $31990.

Edmunds TMV for this car brand new is $33,494.

One other thing I have to consider is that this is an internet deal and I would have to fly to the city and drive back home, around 500 miles. They did say they would do "something" to help with the airfare.

So what do you guys think? Any and all opinions are welcome. Thanks in Advance!

Walt

1I have been looking at the Cadillac CTS over the past 6 months, but I am now for sure looking to buy in the near future. I know that I passed up the Season's Best discounts this past winter, but I was wondering if the GM adjusted MSRP's are still in effect.

I also saw some advertizing from the Tri-State Cadillac Dealers on their website. I live in New Jersey.

If you are a current non-GM lessee, we'll cover up to four remaining payments or up to $2,000 when you purchase or lease a select new and unused 2006 Cadillac vehicle.*

I have no idea what that means...I am not a current GM owner, so do I get $2000?

Anyways, I am looking at a CTS 3.6 Infrared Automatic.

MSRP: $34885.00

What figures should I be expecting? I would want to put 2,000 down and be in the mid 300's for the monthly payment on a 39 month term, preferably a 12K lease.

Am I in the right ballpark?

Thanks for your help.

2Pete

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2Pete