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2013 and earlier Cadillac CTS Lease Questions
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can you let me know if this a good deal? 2011 AWD CTS Coupe MSRP $46,325. 24 month lease, with 12k miles/yr for $359/month plus $2995 due at signing. Also I would qualify for GMs loyalty program for an additional $1000 off AND possibly up to another $3000 for GM card, but it may only be $2000 for for the CTS. So thats a total of possibly $3000 off. I read your previous post about allys lease incentive for $1550, how would i qualify for this additional saving? Would i be able to combine all of these offers to receive a possible $4550 off my total lease? If the above is unclear i will leave a link for the advertisement.
THANK YOU in advance
http://www.thomsonmacconnell.com/Weekly_Ad
Car_man
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On a CTS Coupe, I personally would shoot for a selling price of around $500 or so over dealer invoice minus the $1,900 cash incentive that GM is providing on leases of it through Ally and the $1,000 loyalty cash. These cash incentives would be compatible with any GM Card points that you are allowed to use.
Car_man
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CarMan, you helped me with my last vehicle. I am also considering a one time pay up front for a lease as credit has been compromised the past few years. Any thoughts? Your thoughts on where I should be attempting to come in at with a 39 month, 10k miles a year with a CTS luxury package?
Lease is coming up in next couple of weeks and need to get settled.
Thanks!
At any rate, I was told that there was no $1900 only $1500 but that I shouldn't really be concerned about that because it was only about the payment.... I hate going through this every 3 years. I appreciate your providing me with your information. I am in NJ, and we do not have the double taxation (I don't think). Most importantly, do you like the coup? I have been vacillating between the sedan (this would be my third) and the coup for a change. Do you have anything that you do not like?
The other bank that GM has been using is US Bank.
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GM Financial is the old Americredit
They are not the same, and US Bank is US Bank, watch the Fees on this one 395 to turn in a leased car is about 11 dollars a month on a 36 month lease.
The GM Financial program was test marketed I believe in Ohio last month and expanded to a number of other states (around 10 I believe) in January.
Car_man
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Need to exit a lease in April on an Envoy Denali to take delivery of a CTS Sport Wagon.
The Denali lease is up in October.
Car_man
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Here is the offer. Factory order
CTS coupe black on black
Performance model w/ summer tire
6-speed manual
Luxury level 1
sunroof.
Payments will depend when vin is assigned to account for incentives.
Will all incentives disappear?
MSRP price is $45,670
Negotiated sale price $43,985.
I figure my payments may come in at $523, no tax.
Yes, no, walk, sign
Thanks for the insight.
Car_man
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No incentives are included.
We talked about the incentives and the incentives will be subtracted depending upon when the car is delivered. He has confirmed his in emails.
The dealer states that he doesn't know what the incentives will be in March when he is likely to get the car.
Again, thanks,
I am calling back now and offering $43,564 to close the deal tonight.
Do you know what lease incentives are in place for February on a CTS AWD and what MF/residual would be for 36 month/15k miles per year?
Thanks!
It is really a great thing you do here for everyone. Magic of the internet that it helps people help each other for everyone's benefit. But ahh, not all of us human's are so nice to each other.
I was looking for a 24 month lease on a new CTS-V Wagon. I am a commercial real estate broker and was working with a Nissan dealer who said he would hook me up with his former partners at Potamkin Cadillac in Manhattan. They said wow so nice to meet you a friend of his is like family.....they would order me the car and I would pay invoice or essentially their cost. So they asked for a deposit which I gave them on my Amex but they refused to give me any pricing until the car came in which it finally did last week but of course they told me I'd have nothing to worry about. I showed he salesman Edmund's invoice price and he said yea, that should be it but we would find out at delivery time. Too good to be true it was. They try getting me for some $2500 on top of invoice for advertising fees etc. and even say another $200 as they need to make something. They came down a bit off of that but are still about 2k over invoice and try to turn it around to a negotiation as to my monthly payment and not even the price of the car.
I did not know better then that I needed to or could negotiate the invoice price. But even so, it seems that invoice is what it should be going for anyhow. Edmunds states the 2011 ctsv wagon should be selling for a few hundred under invoice so should i just wait to find a dealer to get it to me at invoice?
Another dealer is offering me the car at $800 over invoice which according to Edmunds, priced with my options is $61324 but I am still going to have to order a new one, wait for it to come in and I cannot lock in any lease terms. Could be 4-6 weeks i guess. They say it should be the same if not better incentives at that time but I am not in a trusting mood any longer. Another dealer offered me today invoice plus $1554 over invoice in "advertising/adjustment fees" if I order it with them now. Seems crazy since if I order they are guaranteed the sale.
I am all for everyone making a living but does New York have to be so tough? Not like there is a lot of demand for these.
I dont think I will have a problem getting my deposit back as it was put on AMEX. Is there any ideas, way or pull I have with the dealer who has my car ordered on the lot?
I do not think a car with the options I want is anywhere in my area.
options I want: Thunder gray with gray interior, ultraview sunroof and automatic.
I am not too interested in the recarro seats and suede steering wheel which are the only other options but could be convinced to take em. Color wise it seems everyone's inventory black with mix of manual and automatics and I am stuck wanting just the Thunder gray and an automatic tranny
I understand that Ally is offering 24 month with a 61% residual and just about no interest or .0001. plus a $1500 incentive. I am told about $70 per month better than GMAC Financing right now.
Any comments on my negotiating position and the future or current financing available would be helpful. Thanks again for all you guys do!!
Bernard
I believe GMF is offering 1.59% but i have no idea what else.
I guest what I'm looking for are the residual & money factors for 12k & 15k and the available incentives. I only have 1 more payment (March) so the pull ahead isn't a big deal....maybe I should wait for the March incentives?
Car_man
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Ally's current base lease rate and residual value for a 36 month lease of a 2011 Cadillac CTS AWD with 15,000 miles per year are 1.45% and 50%, respectively.
When negotiating your lease on this car, make sure to take advantage of the $4,100 cash incentive that is currently available on leases of it through Ally.
Car_man
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Car_man
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GM's lease program for the Cadillac CTS varies by trim level. I would be happy to try to give you an idea of what this car's current program is like if you describe the one that you want to us.
Car_man
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I am currently negotiating a lease on a CTS coupe and would appreciate a breakdown of the aforementioned $4100 or $3400 in lease incentives. Are they applicable to all CTS models, or just the sedan? Any help would be greatly appreciated. Where can I find this information?
Thank You
Thanks!
I spoke with a few other dealers and they are all telling me that there are these advertising fees they are charged by cadillac on top of the edmunds invoice price on any the new CTS-V Wagons. About $1400 in advertising in NY and a bit less in Philadelphia area.
Another dealer in LI said he would do the order for $800 over invoice, he said there were not these fees but I may have led him on to say that and he has not been too responsive.
What is the real deal?
And can i still even put an order in for a new one or has the production ended? Then I may be stuck going back to my first dealer but at least he has the car.
Thanks,
Bernard
Put a deposit on a 39 month/12K lease for a 2011 AWD Premium Collection CTS sport sedan with a MSRP of $50,525.00. Everthing rolled up into the monthly payment of $614.00. Buyout of Approx $28,000.00.
How would you rate this deal?
Thanks for your help1
Topcat58
thanks again
mpageosu
2011 CTS Coupe
Loaded
In California
MSRP of $49,940
With my GM Family discount GMS (Family First) the total cost is $45,794. The interest rate they are using is 1.75%. The term is for 39 months.
They gave me a monthly payment of $690 with $1614 (First month, registration, etc.) out of pocket. When I use the Edmond's Lease Calculator it comes out to ~$620 with all the same info. Now I know they always say they are controlled by GM and are required to follow certain rules when working the GM Discount leases, etc., and they say the various calculators don't include everything, but from what I'm seeing on this forum, this monthly payment seems high. Advice?
Try this forum to see if you can get any help from the forum sponsor? I think a lot of them are in the NE and most claim to sell at invoice and folks seems to be happy with the sales price. GM dealer do curtesy delivery (i.e. you order the car in one dealer and arrange to have the car to deliver to your local dealer. You have to pay the local dealer a couple hundred or so for the delivery but if you get a good price, it may be worth it..) Good luck.
http://www.cadillacforums.com/forums/cadillac-cts-v-series-forum-2009/
2011 CTS Coupe Premium AWD
2011 CTS Sedan Premium AWD
THanks in advance! Chris.
Car_man, any news on what's currently available for the V series?
I know dealers and GM want to sell the cars on the lot, but it would be a great service to those who prefer custom orders if GM/Ally would lock in the current promotions for a "custom order" car.
thanks
Car_man
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Car_man
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The numbers for an otherwise identical lease of a 2011 CTS-V Wagon are interestingly exactly the same.
The residual values for a lease with only 12,000 miles per year are 2% higher. The 10,000 mile per year residual values are 3% higher.
When negotiating your deal on these cars, make sure to take advantage of the $3,400 cash incentive that is currently available on leases of these vehicles through Ally.
Car_man
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Car_man
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Car_man
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Car_man
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The numbers for an otherwise identical lease of a CTS Sedan Premium AWD are 1.45% and 49%.
When negotiating your deal on these cars, make sure to take advantage of the $4,100 cash incentive that is currently available on leases of the Sedan and $1,900 on the Coupe through Ally.
Car_man
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Car_man
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Most dealers do get some sort of money above and beyond holdback back from manufacturers on a quarterly or an annual basis, be it for facilities, CSI, etc... It would be very difficult for any consumers to know exactly what a dealer's cost is on any particular vehicle.
Car_man
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The numbers for an otherwise identical lease of a 2011 CTS Wagon Base AWD are 1.45% and 48%, respectively.
The residual values for a lease with only 12,000 miles per year are 2% higher.
When negotiating your lease on this vehicle, make sure to take advantage of the $3,400 cash incentive that GM is currently providing on leases of it through Ally.
Car_man
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thanks