I am looking at doing a 39 month lease on a 2010 luxury edition with nav. MSRP is $43,790. Few questions for you.
1. THey say no incentives for me. I am currently in an SRX lease. Is there a $600 rebate?
2. THey are quoting me .0018 money factor from us bank. This is 4.32%. Is this correct?
3. Residual is 52% with the lower 10k miles/yr. on a 39 month lease...
4. I got the supplier price of about $2k off from my company. Out the door is $4000 out pocket nad $600k/month. THis seems like a lot down and a lot per month.. thoughts??
I have checked 2 different places. The most I could get was $1000 off MSRP for 2010 luxury pack. I have check what happed for the first generation of SRX. It was very hot for the first 6 months like this 2nd generation. Guess what?? After that people paid 7-8K off from MSRP. So I decide to wait for another 6-8 months. My 08 FX35 is still like brand new. Don’t need to hurry to pay over $100 more for 39 months. It is a HOT truck by the way.
ny joe, you have the best deal i've seen yet. i wouldve taken it and ran. the only thing is they will only let you redeem $1,000 in GM points at a time, so $300 of your earnings will not be credited to that price. figure your out of pocket to be $3,500 instead of $3,200. the best deal i could find was : 2010 awd, luxury with nav, and rear entertainment for 39 mo. , 12k, $ 599.00 mo. w/ 2k upfront. and believe me, i played every dealer against each other.your deal is sweet. who did you go to?
I have a buy price of $37,800 for a 2010 SRX with a MRSP of $40,230. What should my lease payments be for a 36 or 39 month lease for 12,000 or 15,000 miles per year. thanks
Hey bigliljen. You're actually lucky that your vehicle got pushed back into December, for some reason GMAC bumped up its residual values for the SRX by a couple of points this month.
Its current base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX FWD Performance with 12,000 miles per year are 3.55% and 50%, respectively. The numbers for an otherwise identical 48 month lease are 4.2% and 40%.
Yes, the $600 cash incentive on leases through GMAC really does exist.
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Hi lars1281. General Motors is currently providing the $600 cash incentive that you mentioned on leases through GMAC. On top of that, I believe that you should be eligible for the $500 cash incentive that consumers who opt not to go with GM's 60-Day money back guarantee are entitled to.
GMAC's December base lease rate for a 39 month lease of a 2010 Cadillac SRX is 3.55%. That is equivalent to a money factor of around .00148. GMAC just raised its residual values for the 2010 SRX, but I can't tell you what the exact resid should be for the model that you're interested in without a detailed description of it.
I definitely would not pay $4,000 at lease signing on this truck if I was in your shoes. The less you can get away with paying at signing, the better. Consumers who plunk a lot of money down on leased vehicles are at risk of losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. You can and should go with a zero down lease on this truck. Don't pay any cap cost reduction on it, just your first month's payment, security deposit, and acquisition fee.
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Hi srx010. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2010 Cadillac SRX Luxury AWD (you never mentioned the specific trim level that you're getting. Let me know if you're going with something else because it makes a difference) that has an MSRP of $40,230 and a selling price of $37,800 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $577.
The payment for a 36-month, 12,000 mile per year lease drops to around $556.
The payment for a 39-month, 15k lease would be around $559. The 39-month, 12k payment would be around $540.
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Thanks car_man for the numbers on the 2010 SRX.. I know you say never to put money down on a lease. But I have $2,000 in GM points. Should that come off the $37,800 or do I have to use the $2,000 as money down on the lease. How much does that take off the $559 - 39 mth 15K lease ? thanks
The first gen of SRX was not this HOT! I have a 6-8 week wait to order as we have sold out. Also, they dropped MSRP and mark up A LOT over previous version. My average mark up is only $2,000-$2500.
Opted for the 2010 RX350 AWD with Premium/COmfort/NAV.. See my entry on Lexus forum. $47k car (about the same as the SRX I was looking at).. $2000 down vs. $4000 and same $600 payment.
I wanted to buy Cadillac but was not willing to pay an extra $2000. Now I know why GM is coming out of bankcruptcy.
as far as i know, you can't use more than 1,000 gm points on any givin deal. it was not like that before, but when i went shopping for a new gm this week, that was what i was told from everyone i dealt with. maybe different from state to state though.
I was told by a dealer, that the $600 rebate is through GMAC financing only. They said you are better off to go through US bank, cause they have higher residuals and better rates. I was quoted residuals on a FWD Performance: 36=51%/39=49%/48=40%.
I have the original GM credit card and have more than $2000 saved up. As far as I know I can still use all of that and I plan to in a few months. If not It will bring a Lexus more into the mix.
the $2000 you have saved are your gm points. i have used all of them in the past to pay for all of my fees when buying a gm car, but they no longer let you use more than $1000 at a time. i recently (last week) tried to use em all , and got denied. theres a limit now, i dont know why...
I just checked my GM card earnings program rules and there is nothing stated anywhere about a limit for redemption. I think you must be referring to a different program. Never has the card I have use the term points.
i have the original card also, and was always allowed to use all the points at any givin time, but that changed. sat down to sign the papers for my srx last week, and that was what went down. i didnt beleive it either, until i got on the phone with the card reps. sorry..... i hate to be the bearer of bad news , but i'm afraid its true. 1000.00 limit.
my card never had term limits or restrictions either.....until now. don't know why. it just does. maybe,like i sais earlier, it varies from state to state.
I went to King ORourke and Atlantic and they both took my credit card and checked it over.
They both came back and told me I could use my full allottment of points.
This was on top of the GM Supplier pricing I get, Conquest rebate and Credit Union rebate. I just have a few months left on my Acadia and am struggling with rolling payments in or payiong up front.
Well, the dealerships are morons. Although they both checked and both gaveme the same answer.......it's wrong.
I received a mailing from the GM card today. On pg.6 of this pamphlet it states clear as day that GM is instituting maximum redemptions on vehicles. It listed all the cars and the SRX was limited to $1000.
This would have pissed me off to find this when closing on a deal.
that's exactly what happened to me. i sat down to sign on the dotted line, expecting to use all of my credit, them they hit me with the $ 1,000 limit. i was pissed to say the least. but what are you gonna do? it is what it is. and youre right the dealers are morons. the salesmen dont know anything.
Well, after placing my order months ago, I finally drove home my 2010 Performance SRX, Grey Flannel, 20" chromes with ebony interior!! Final deal as follows:
MSRP=$42,425 With GM Credit Union Discount=$39,967 $500 Deposit placed at time of order, kept on vehicle as cap reduction= $39,197 $500 discount plus $170 free mud guards, due to order delays given by dealer $38,697 final negotiated price 52% residual for 39 months, 12000 miles 3.6% MF=.0015 US Bank Aquisition fee= $650 Taxes=$2690 No security depo No first month payment $536.95 per month
Took delivery from Shirey Cadillac in Oaklawn, IL.
It's a blast to drive! Hope this helps anyone looking to lease!
I am trying to lease by the end of the month, what can I expect;
I am currently leasing a GM product. Have access to GM Supplier Pricing, but according to this forum, its not smart to use it as you can negotiate a better deal by not mentioning it!!!
Hence, the LUX 1SB model MSRP 41300 and INVOICE of 37813. My questions are: 1.) Can I get any lower than invoice with any incentives, if any apply to this new model. 2.) What can I expect to see as the residual and MF, 52% 3.6%(.0015) 3.) Is is possible to do any better than $0 out of pocket and $536 including tax x 39 months?
Thanks, any help is appreciated.
FYI: My '08 CTS had a higher MSRP and a lower monthly payment! How does GM do business like this?
I am looking at the same model (assuming, with the navigation/hard drive/camera, given the MSRP). There is currently a $1,000 manufacturer rebate. I am thinking that with that incentive, you should be able to get the car at or close to invoice. At invoice, with no cap cost reduction at closing, payments should be about $555-565/month (inclusive of sales tax), depending on sales tax where you live, for 39 month/12k per year. If you got $536/month tax inclusive, that is below invoice and great. What were you able to get?
Can you give me numbers for feb ny area. Also any rebates? looking for 39 and 12 miles or 36 months and 12 miles. Was quote 600 month and 700 out of pocket for 39 months with a 1000 conquest
Does anyone know the current lease rates for the 2010 SRX? At the end of January, for a 39 month lease, 12k miles per year, I think the rates were 52% residual, .0015 money factor. Have they changed to 50% and .00145? Thanks.
Here you go, shaker58. GMAC's February base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX Luxury AWD with 12,000 miles per year are 3.55% and 51%, respectively.
In addition to the $1,000 conquest cash that you mentioned, there is a $600 cash incentive on GMAC leases.
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Hi rexx08. I believe that GMAC's residual values for this truck are exactly the same in February as they were in January. GMAC's current base lease rate for 39 month leases of it is 3.55%.
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Hi tmasjr. I haven't really checked into it, but I don't see why 10,000 mile per year leases wouldn't be an option any longer. This vehicle's 10k residual values are likely 1% higher than its 12k residuals.
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Does anyone know the new lease rates for 2010 SRX Luxury (residuals and money factors for 12,000/year, 39 month lease) for March 2010? Any other incentives besides $1,000 Conquest? Thanks.
I sure do, rexx08. Here you go. GMAC's current base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX Luxury AWD with 12,000 miles per year are 3.55% and 51%, respectively.
General Motors is currently providing a $300 cash incentive on leases of the SRX through GMAC.
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So... I am looking/deciding between the SRX, the XC60 and the Q5 for my wifey! Now I got a H2 and a Tahoe and the wifey hates both cause of their size and being that we are looking to have kids in the next year or two, it only seems right that the SRX, Q5 or XC60 might be perfect choices
What are some prices you guys have gotten for a 36-month lease with 12,000 miles/year and no more than $2,000 drive-off (so down + all taxes + fees).
Here is the type of car I am looking for: 3.0L FWD V6 Performance or 3.0L FWD V6 Luxury
Please give me some of your feedback and approx. #s of what you guys have gotten, especially if your in California.
I am also interested in the FWD Luxury model. So far the best price I have been able to get, with no options added and no special color, is $0 down, $550/month (this includes taxes, fees, etc.) This is for a 39 month lease/12,000 miles/year. I am in New England, where the stock of these vehicles appears to be limited, so the dealers are not dealing. I also want to hear how others have done with this model
My current lease is up in a couple of months, so I'm starting the hunt for a new one. (By the way, I would like to thank you for all of the money you have saved me over the years!)
What are the current 36/15 numbers on a AWD 2010 SRX? Does it vary for the diferent models? What are the current incentives?
You're very welcome, garyking. GMAC's March base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX Luxury AWD with 15,000 miles per year are 3.55% and 49%, respectively. Its lease rate is the same for all SRX trim levels, but its residual values vary slightly.
General Motors is providing only a $300 cash incentive on leases of this model through GMAC.
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I don't know if you're still interested, but just in case here's the information that you're looking for jbouhadana. GMAC's March base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX Performance AWD with 15,000 miles per year are 3.55% and 46%, respectively.
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JUST PICKED UP SRX 39M0NTH NAV LUX AWD 515 PER MONTH AFTER MY TRADE IN DOWN WAS 5000 BUCKS GUESS I DID ALRIGHT THAT WAS ALSO THE 1000 CONQUEST AND 15K MILE LEASE
I HAVE POP UP NAV AND AWD AND FULL SUNROOF AND 39 MONTHS VS 48 THATS DIFF OF 774 BUCKS PLUS 15K MILES I THINK I COULD HAVE GOT MORE MILES OUT OF THEM BUT MY TRUCK WAS SHOT
I'd appreciate a little help with this offer I've been given...
2010 SRX FWD Luxury package, no extra options
MSRP: $38,235 Sale price: $36,700 Cap cost rebate & Conquest: $1,300 Final Price $35,400 Due @ signing: $1,884.40 for 1st mo, bank fee, tags MF: 4.2% residual: 42% Mo pmt $538.40 (includes NJ tax) 48 mo 12,000 mi/yr
This offer was with no negotiation on my part only internet price quote. I do not qualify for any other incentives other than $1,000 Non-gm and GM's $300.
I see past messages where people seem to be doing better. I want to pay as little out of pocket as possible, and No Cap Cost reduction. Can I do better? The sales price seems in line with edmunds tmv.
Comments
I am looking at doing a 39 month lease on a 2010 luxury edition with nav. MSRP is $43,790. Few questions for you.
1. THey say no incentives for me. I am currently in an SRX lease. Is there a $600 rebate?
2. THey are quoting me .0018 money factor from us bank. This is 4.32%. Is this correct?
3. Residual is 52% with the lower 10k miles/yr. on a 39 month lease...
4. I got the supplier price of about $2k off from my company. Out the door is $4000 out pocket nad $600k/month. THis seems like a lot down and a lot per month.. thoughts??
you have the best deal i've seen yet. i wouldve taken it and ran. the only thing is they will only let you redeem $1,000 in GM points at a time, so $300 of your earnings will not be credited to that price. figure your out of pocket to be $3,500 instead of $3,200. the best deal i could find was : 2010 awd, luxury with nav, and rear entertainment for 39 mo. , 12k, $ 599.00 mo. w/ 2k upfront. and believe me, i played every dealer against each other.your deal is sweet. who did you go to?
I have a buy price of $37,800 for a 2010 SRX with a MRSP of $40,230.
What should my lease payments be for a 36 or 39 month lease for 12,000 or 15,000 miles per year. thanks
Its current base lease rate and residual value for a 36 month lease of a 2010 Cadillac SRX FWD Performance with 12,000 miles per year are 3.55% and 50%, respectively. The numbers for an otherwise identical 48 month lease are 4.2% and 40%.
Yes, the $600 cash incentive on leases through GMAC really does exist.
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GMAC's December base lease rate for a 39 month lease of a 2010 Cadillac SRX is 3.55%. That is equivalent to a money factor of around .00148. GMAC just raised its residual values for the 2010 SRX, but I can't tell you what the exact resid should be for the model that you're interested in without a detailed description of it.
I definitely would not pay $4,000 at lease signing on this truck if I was in your shoes. The less you can get away with paying at signing, the better. Consumers who plunk a lot of money down on leased vehicles are at risk of losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. You can and should go with a zero down lease on this truck. Don't pay any cap cost reduction on it, just your first month's payment, security deposit, and acquisition fee.
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The payment for a 36-month, 12,000 mile per year lease drops to around $556.
The payment for a 39-month, 15k lease would be around $559. The 39-month, 12k payment would be around $540.
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bigliljen
Opted for the 2010 RX350 AWD with Premium/COmfort/NAV.. See my entry on Lexus forum. $47k car (about the same as the SRX I was looking at).. $2000 down vs. $4000 and same $600 payment.
I wanted to buy Cadillac but was not willing to pay an extra $2000. Now I know why GM is coming out of bankcruptcy.
as far as i know, you can't use more than 1,000 gm points on any givin deal. it was not like that before, but when i went shopping for a new gm this week, that was what i was told from everyone i dealt with. maybe different from state to state though.
Hope this helps,
bigliljen
I have the original GM credit card and have more than $2000 saved up. As far as I know I can still use all of that and I plan to in a few months. If not It will bring a Lexus more into the mix.
Talk to George.
I also visited Atlantic in Bay Shore. They are thieves. Advertise specials on cars not even in stock and then won't honor it.
I f you have the Flexible earnings card or any of the newer cards you are limited.
I went to King ORourke and Atlantic and they both took my credit card and checked it over.
They both came back and told me I could use my full allottment of points.
This was on top of the GM Supplier pricing I get, Conquest rebate and Credit Union rebate. I just have a few months left on my Acadia and am struggling with rolling payments in or payiong up front.
I received a mailing from the GM card today. On pg.6 of this pamphlet it states clear as day that GM is instituting maximum redemptions on vehicles. It listed all the cars and the SRX was limited to $1000.
This would have pissed me off to find this when closing on a deal.
MSRP=$42,425
With GM Credit Union Discount=$39,967
$500 Deposit placed at time of order, kept on vehicle as cap reduction= $39,197
$500 discount plus $170 free mud guards, due to order delays given by dealer
$38,697 final negotiated price
52% residual for 39 months, 12000 miles
3.6% MF=.0015
US Bank Aquisition fee= $650
Taxes=$2690
No security depo
No first month payment
$536.95 per month
Took delivery from Shirey Cadillac in Oaklawn, IL.
It's a blast to drive! Hope this helps anyone looking to lease!
When you took delivery, what did you pay total out of pocket? You wrote "No security depo
No first month payment
$536.95 per month'
Just the $536 out of pocket to start when you took delievry?
Thanks
I am currently leasing a GM product. Have access to GM Supplier Pricing, but according to this forum, its not smart to use it as you can negotiate a better deal by not mentioning it!!!
Hence, the LUX 1SB model MSRP 41300 and INVOICE of 37813. My questions are:
1.) Can I get any lower than invoice with any incentives, if any apply to this new model.
2.) What can I expect to see as the residual and MF, 52% 3.6%(.0015)
3.) Is is possible to do any better than $0 out of pocket and $536 including tax x 39 months?
Thanks, any help is appreciated.
FYI: My '08 CTS had a higher MSRP and a lower monthly payment! How does GM do business like this?
Can you give me numbers for feb ny area. Also any rebates? looking for 39 and 12 miles or 36 months and 12 miles.
Was quote 600 month and 700 out of pocket for 39 months with a 1000 conquest
thanks
shaker58
What are new residual figures?
Thank you.
Thanks.
In addition to the $1,000 conquest cash that you mentioned, there is a $600 cash incentive on GMAC leases.
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General Motors is currently providing a $300 cash incentive on leases of the SRX through GMAC.
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What are some prices you guys have gotten for a 36-month lease with 12,000 miles/year and no more than $2,000 drive-off (so down + all taxes + fees).
Here is the type of car I am looking for:
3.0L FWD V6 Performance
or
3.0L FWD V6 Luxury
Please give me some of your feedback and approx. #s of what you guys have gotten, especially if your in California.
Much appreciated,
Henrik
My current lease is up in a couple of months, so I'm starting the hunt for a new one.
(By the way, I would like to thank you for all of the money you have saved me over the years!)
What are the current 36/15 numbers on a AWD 2010 SRX?
Does it vary for the diferent models?
What are the current incentives?
- Residual Value?
- Money Factor?
Going to do the deal today....
Thank you
$538.00 12,000 miles 3750 down
car is $41,277 1000 off equals 40,277
or front wheel drive no nav and front wheel drive $477.00
car is 38,235 disount to 36,738.00 3433 down
General Motors is providing only a $300 cash incentive on leases of this model through GMAC.
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515 PER MONTH AFTER MY TRADE IN DOWN WAS 5000 BUCKS GUESS I DID ALRIGHT THAT WAS ALSO THE 1000 CONQUEST AND 15K MILE LEASE
THATS DIFF OF 774 BUCKS PLUS 15K MILES I THINK I COULD HAVE GOT MORE MILES OUT OF THEM BUT MY TRUCK WAS SHOT
2010 SRX FWD Luxury package, no extra options
MSRP: $38,235
Sale price: $36,700
Cap cost rebate & Conquest: $1,300
Final Price $35,400
Due @ signing: $1,884.40 for 1st mo, bank fee, tags
MF: 4.2%
residual: 42%
Mo pmt $538.40 (includes NJ tax)
48 mo 12,000 mi/yr
This offer was with no negotiation on my part only internet price quote. I do not qualify for any other incentives other than $1,000 Non-gm and GM's $300.
I see past messages where people seem to be doing better. I want to pay as little out of pocket as possible, and No Cap Cost reduction. Can I do better? The sales price seems in line with edmunds tmv.
Thanks so much!