Is this a good deal for Cadillac CT5 Demo Lease?

CaddyMan54CaddyMan54 Member Posts: 2
edited June 2020 in Cadillac
I am currently in a 2017 CTS lease. I owe $6,070 in remaining payments. The dealer is offering to put me a 2020 CT5 Sport demo vehicle fully loaded for the same monthly payment ($700). I am trying to determine if this is a good deal or not.
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  • MichaellMichaell ColoradoModerator Posts: 206,519

    I am currently in a 2017 CTS lease. I owe $6,070 in remaining payments. The dealer is offering to put me a 2020 CT5 Sport demo vehicle fully loaded for the same monthly payment ($700). I am trying to determine if this is a good deal or not.

    Why pay $6000 for a car you won't be driving?

    Ask the dealer what the lease payment would be if you didn't trade in your current car. If the payment doesn't drop by roughly $180/mo, then the original deal isn't that good.

    You are obligated to make those payments; generally, they end up getting rolled into the new deal.

    A few questions:
    ZIP code?
    MSRP?
    Selling price?
    Amount due at signing?

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  • CaddyMan54CaddyMan54 Member Posts: 2
    Thank you Michael for responding.

    The zip code is 77002
    The MSRP is 53,000
    Not sure about the selling price
    First months payment ($700) due at signing
  • MichaellMichaell ColoradoModerator Posts: 206,519
    edited June 2020

    Thank you Michael for responding.

    The zip code is 77002
    The MSRP is 53,000
    Not sure about the selling price
    First months payment ($700) due at signing

    Ask the dealer for a copy of the lease worksheet; that should answer most of the questions.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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