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This is what I have been offered with GM employee pricing for an awd Cadillac CTS with MSRP $38140, and invoice of $35254,residual 61%,Money Factor .00254. with a selling price of $34,281.23 and down payment $650.50, I am at a 39months/12k lease with a payment of $483 including tax in upstate NY. I was told that my net cap cost is $35,718.04 with tax minus any rebates. Seems high?
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
Window Sticker $39685
Selling Price $37033
That means I got $2653 off which = 6-1/2% off sticker.
But I am still asking, did I get a fair deal ?
They really didn't clearly say how much my friends and family discount was. From all the numbers I have seen my monthly lease payment seemed fair. That is why I didn't try to decipher all the fuzzy math.
http://www.bobnovick.com/
brdgeton, nj
great guy and dealership
In late November '07 I saw new '07 leftover CTS's with very few options on a dealer's lot with $7000 OFF whitewashed on their windshields (roughly, say 20% off sticker). That puts a CTS in the same price ballpark (or less) than a well optioned Honda.
Was that a fairly commenly available discount range on leftover '07 CTS's after the'08's were at the dealers??
Many dealers are still getting full MSRP for every CTS they can get. I talked to my father's dealer In Port Richey, Fl last week. He did not have a single CTS on his lot, and he wouldn't take a cent off MSRP when his next shipment arrived.
I also spoke with a dealer friend in PA who told me he can sell everyone he can get for full MSRP within a week of it hitting his lot, but he offered me $2,000 off if I wanted to order and wait. The car business is tough, so I don't begrudge a dealer for getting what he can. Nor am I upset that my friend didn't offer me as good a deal as I was able to get elswhere.
What you can do depends on local demand. A dealer with ample inventory will deal, but one who has a short inventory will not.
MSRP $48740 (don't have the spare tire)
GMS $42970
39 month lease, 6.1% lease rate
12k
$592 down and $592 month
61% residual
15k
$636 down and 636 month
58% residual
Out of the 4 dealers in the Cleveland area, this was the only one willing to use the published 6.1% rate, actually showed me the GMAC printout that shows all the published rates.
A dealer outside the local area even offered a little better deal but he didn't have the car I wanted in stock and had no idea when he might get one due to the back order situation with the Premium Luxury Package, but he offered $583/mth with $0 down for 12k.
Bottom line is there are a few dealers out there that will honor the 6.1% lease rate.
Anyway, instead of (highly discounted to invoice) Infiniti G-35 or (substantially discounted) Lexus GS350, I now lean toward CTS.
I can wait, if necessary, to get a better price or capitalized price.
How much above invoice can I now get a CTS for?(Do I add in ad fee?)
Is there a discount because I'm switching from a BMW 530I?
BUY: What is GM interest rate for financing?
LEASE: What is GM interest rate, or MF, for leasing CTS for 12,000, 15000 miles?
Is there decreased interest rate or MF for multiple security deposits?
Many thanks.
Anyway, for GS350, G35, and CTS, could you please provide:
(1) Target deal relative to invoice+destination (and any rebate)
(2) If buy, available finance rates
(3) If lease, money factor or interest for 24mo, 36 mo for 12K, 15K annually
Any better MF or interest rate for multiple security deposits?
Thank you for this information. I'll also put on other forums, in case you guys see that first.
Thank you!
But the navigation system is antiquated/obsolete/dysfunctional; the AM-FM-satellite is too much hassle to change stations; in general, the I-controller is stupid. I've had poor service -- BMW dealers are elitist, and the company cannot adequately service the cars. It was in the shop twice for 2-3 weeks for an airbag-related problem.
Air conditioning is too loud, like going back in time to low technology.
I still like the handling, and the lease terms were good.
I'm not enthused about any of my choices because none has everything I want, and I don't want to go to a sharply higher price range.
Also, I wish I had definitive info for leasing CTX, Infiniti G35, Lexus G350; have 15000 mile info on some, not 12000.
I like that Cadillac has big nav screen, real time traffic (unlike Lexus G350), and regular gas, unlike both of the others.
I'm really undecided, though I know I want a rear-wheel drive.
Not so cool. I received a phone call from my dealership a couple of days ago informing me that GM has decided to pull the Luxury Conquest incentive from the CTS and apply it to the STS. Which means the great deal I received when I signed the contract/order sheet is not so great anymore. In an instant, GM has renigged on their offer of $1000 for anyone trading in another luxury marque even after they have placed an order for their car. Is it just me, or does anyone else think this is an unfair business practice on GMs part? Whether I purchase the car off the lot or place an order for it from the manufacturer, any incentives offered at the time of signing should be locked in to the customer. Dropping a rebate is one thing. Pulling it back from a customer who has already ordered the car is just dirty business as far as I'm concerned.
In May 2004, I was looking to buy a Bonneville GXP. Could not find one locally (northern VA) I wanted, so I special ordered it. Got a screaming deal! And, at the time of my order, the rebate on Bonnys was $3,000. Got a call about a week later informing me that Pontiac was not building any more 04 Bonnys, but was transitioning to the 05s. So, I could order an '05 (no time frame for delivery was available at that time, no rebate either), or try to find an '04 in a dealer's stock.
I found an 04 GXP in Delaware that was scheduled for delivery to the dealership about a week out optioned exactly as I wanted. While not my first choice for color, it was my second choice, and I decided to purchase the car. I did all that over the phone, and they matched the price. At the end of that week, I went to Delaware and made the deal. That was a Friday, and the car was delivered to the dealership the following Monday. I picked up the car the next Friday, and Pontiac had increased the rebate from $3,000 to $5,000 a few days days before I took delivery. I got the higher rebate, even though the paperwork was written before the rebate was increased--the rebate was based on my delivery date.
That factory cannot always anticipate the demand for a particular accessory. Other things, such as a strike at a supplier or a production line breakdown or a material shortage somewhere in the supply line can cause a delay in the delivery of a desired part. Chevy may have to shut down its entire Malibu production because of a strike at a plant that produces a part for its rear axle.
So good luck on your new car. I hope it is not delayed too long.
I read this morning that GM just posted a 3.3 billion loss. Go figure.
6DP69-Rear wheel drive, automatic transmission w/ Direct Injection, 1SB Package
Radiant Silver Ext / Ebony Leather Int
PDR-CTS Performance Collection
PDW-CTS Performance Luxury Pkg
CFN-Sunroof Option "Not Desired"
SGC-"Spare Tire Not Desired"
Should be interesting.
Is there's any increase from 2008 prices.
Thanks
I'm not sure what the 'S' stands for.... but, it isn't supplier..
regards,
kyfdx
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