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2013 and Earlier Cadillac SRX Lease Questions
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I was wondering if you could provide the March residual value for the FWD Luxury style with 12,000 miles per year for 36 months. I also had a question about MFs. There is no MF being charged on my Honda Oddyssey, and I would like to know some reasons why that could be.
Thanks
5000 down
39 months
12k/per yr
7% sales tax
im planning on leasing an srx in the next week or two. Im going to put a down payment of $2000 drive-off and only need 10,000 miles.
what do you think would be a good payment? i will Not be keeping the car after the lease...
When negotiating your deal on this vehicle, make sure to take the $650 and payment waiver that are currently available on it.
Car_man
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i am going in tomorrow and the current deal on the table is:
$39130 purchase price for luxury w/ nav
$2000 drive off
and $509 including tax
still feels a bit high.
the lease factor is .00062 and a 58% risidual.
any advise out there?
thx,
hillhopper
I've always purchased used vehicles and drove them into the dirt... Had a '90 5.0 GT that I put 200K on between 1995 and 2001. Then had a '95 Impala SS that I put 235K on from 2001 till now... Moved closer to my job so won't be driving as much anymore and looking at leasing a new 2011 SRX Premium AWD... Here's the target SRX - http://www.heritagecadillacbelair.com/new-cars/2011-cadillac-srx-v572637.aspx . Sticker is $51,800. Internet price is $46,900.
Some background on me - I'm a DoD employee and USAA customer. Believe there are deals through both but have to do more homework on that.
Would really appreciate it if someone could break down how I should approach the sales table with this particular vehicle? I've done all my research online - haven't been to the dealership yet. Is the internet price acceptable? What should I anticipate $$$ putting down? What would the RV be on this for 36/39 month lease. Prob due 12-15K a year.
To simplify, a line by line breakdown of what the final sales sheet amounts, payments, and terms of sale should look like would be awesome...
Again, thanks so much and look forward to the responses-
Southern California Dealership
CADILLAC SRX BASE 2011
39 months
12,000 MILES YEAR [.18cents/mile overage]
MSRP: 35700
SALES PRICE: 32000
REBATES: $500
MONEY FACTOR: 1.65 .00069
RESIDUAL VALUE: 18,954 (53%), note-LEASE END FEE: $350
Total Drive Off (Cash at Signing): $600
MONTHLY: $397+ tax
I contacted from almost every Cadillac dealer in SoCal and this was by far the best deal on an SRX.
Here was my deal for anyone still looking:
CADILLAC SRX 2011 Luxury w/ Nav Premuim Ice White paint
39 months 12,000 miles per year
MSRP: 43,980
SALES PRICE: 41,150
REBATES: $1500
RESIDUAL VALUE: 24,680
Total Drive Off (Cash at Signing): $3000
MONTHLY: $427 taxes included
I have about 1000 miles so far and love this vehicle! I have not found it sluggish at all. Very comfortable and great features.
2014 Buick Enclave Premium Edition
$3000 down + 299 1st month payment +695 bank fee +tax and tags due at signing.
Total payments/purchase option 11,661/18,367
total miles per year allowed 12,000
That sounds like a good deal.
What city/dealership was this at?
Any cons about the car? How is the nav system? Have you used the Harddrive to watch any movies (while in park)?
Thanks!
Simon
Thanks
General Motors is currently providing a $2,300 cash incentive on leases of this truck through Ally.
Car_man
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3.0L V6 Performance Collection with nav 20 inch chrome wheels factory tv's in back seats
$46,000.00 plus tax tittle and licencse in texas
on a lease monthly payment $829.00 on a 36 month term 12000 miles $0 Down payment
what do you think
http://auto.ally.com/payment-calculator/en/calculator.do
Plus, the dealers are desperate to get rid of 2011's right now as the new and improved 2012 SRX's are being delivered in 1-2 weeks. I would either try to get a much better deal or wait and get the new SRX with more a more powerful engine, suspension, among other improvements.
MF, residual for 12K/year and any lease incentives?
36 or 39 month, whichever program has the deals, right now...
Thanks!
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The numbers for an otherwise identical 39 month lease are 1.66% and 47%.
GM is currently providing a $2,300 cash incentive on leases of this truck through Ally.
Car_man
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Car_man
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Thanks.
Was hoping you could help with the following: Looking for current money factor and residual on a 2012 SRX FWD Luxury lease for 36 (or 39 if it makes more sense today) for both 10,000 and 12,000 miles per year?
Also, are there still cash incentives on this vehicle?
Thanks.
When I was at the dealer a week ago, USBank had better lease rates than Ally...
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General Motors is currently providing a $1,325 cash incentive on leases of this truck through Ally.
Car_man
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Car_man
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Saw your post above. Question is do those rates apply to the base model as well for October or are there different rates and residuals depending on the model level?
The dealer came back with 4.1% lease, saying because I got a good price on the car, he can't give me the good lease rate too?
I didn't think the dealer controlled the lease rate? But it may have something to do with the $1325 incentive?? Any help. We were trying to do before end of Oct to take advantage of low lease interest rate, but ??why if we can't get the low rate?
I am about to lease the BASE srx 2012 (black ice color) and got the following deal. $2000 down, 39 months, 10k per year, $375 per month (including tax). I will be trading in my lexus rx330 (2005) with 74k miles on it and they are giving me $14,500 for it. I don't know what the lease rate or residual value will be but does it matter if I am NOT going to be buying this car in the end? It seems like a pretty good deal altogether. Are there other questions I should be asking i.e. cap cost, rebates, interest, which bank, etc ??
Please reply asap as I am planning on getting this lease over the tomorrow or the day after.
Thanks!
Steve
The money-factor (interest rate), term of lease, miles allowed, residual value all figure into how they do the leasing deal. There can be dealer incentives (money GM gives the dealer for selling a car, or leasing a car). The dealer can take the best interest rate available for the lease and give you a higher one, to increase profit. So it's very hard to tell if you have a good deal without lots of information. Lots of sources of information on the internet. I did lots of research, and still probably am paying too much!!
39 months, 12k miles yr, 2012 SRX luxury model, FWD, $40k msrp,
I pay the tax upfront, $419/mo.
In addition, they are paying off my nissan rogue lease payments, ~$1700
The numbers for an otherwise identical 39-month lease are 1.0% and 53%.
General Motors is currently providing a $1,225 cash incentive plus the waiver of the first month's payment on 36-month leases of this truck through Ally.
Car_man
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Car_man
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SRX Luxury
12,000 miles
36 months
$0 down - Sign and Drive
$450 per month
South Florida
MSRP: 44,330
Price: 39,541 + 695 acquisition fee
Less: $1,325 incentive + $2,000 certificate thingy = -$3,325
Net Cap Cost: 36,911
Residual: 59%
Interest rate: 4.05% or 0.00169 MF
Payment before tax: $406
The Cap cost is interesting. It's $5,600 less than invoice with all the rebates. Even before rebates, the Gross Cap Cost is $3,000 less than invoice. This was for a car that they just got in the lot the day before so they're getting full hold back I assume.
What are the numbers on the SRX performance and premium models for a 36 month lease and 15k miles?
My fear is that the best deals are on the luxury collection only.
Thanks Carl
Lux-Got quoted $45500 plus $2000 Conquest rebate, $43500, plus taking care of my 3 remaining payments on my Infiniti EX35($470/mth, im sure they are adding this to the price of the car though)
$2K down
$539/mth
Performance
$45200
$584/mth
I would like the Performance Package, as I would like the 20in wheels and 5.1 10 spkr Bose, but I also need to be closer to $500, so I may settle for Lux with Nav
Doesnt seem like they are giving me much of a deal other than the 2K Conquest rebate. How do these numbers stack up considering MF and Residual? What are the residual and Money Factor for these models with 15K/yr?
Would like to put no more than 1K-1,5K down and be around $500/mth. What are my chances? I am going to a second dealership today to price shop.
I started asking the salesman more detailed questions about sticker price and rebates and MF and residual, but he got flustered, didnt have any details for me, and told me that the "lease guy" left for the day and will get back to me. The salesman wasnt very knowledgable about the car and pkg details, and i felt I knew more than he did. What is it with these salesmen not knowing everything about the cars they sell? They only have like 5 models, how hard it is?
By the way as an aside, I had just come from Jeep, looking at the GC Limited. It seems they are more desperate and were willing to try to come down in price to lease the car before the holiday.
2012 SRX Performance
Msrp 44900
Selling 43500
Minus 1225 rebate
36 month 15k year
Payment including tax is 672.95
Due at signing is 1070 and GM waves first payment
According to Internet Manager this is 52% residual and 2% money factor
Any thoughts? Doesn't seem all that great to me.
The numbers for an otherwise identical lease of a Premium AWD model are 1.0% and 50%.
General Motors is currently providing a $1,225 cash incentive on 36-month leases of this truck through Ally. It is waiving the first month's payment as well.
Car_man
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2012 srx luxury
Msrp: 42985
Total cap cost after deductions: 37111
Drive off: 696.88
Monthly including tax: 450.10 ( LA 8.75%)
36 months. 12k year
Okay deal ?
If good, will go get the car this weekend.
Thank you
Could you please tell me what the current december money factor and residual (12K miles and 36 mths , would be for a 2012 SRX Luxury edition FWD (msrp $43,335) through 1. GM financial and 2. ALLY bank. Also what are the current rebates & incentives from GM and ALLY on this SUV.
Thank You
What are you showing as the money factor and residual for a 2012 SRX Luxury FWD w/o Nav on a 10k/year lease?
A local dealer yesterday quoted me at 2.2% and 56% residual thru Ally. That rate is either a big spike from previous months or a dealer markup.
Thanks in advance.
It looks like the dealer may be attempting to mark your rate up.
General Motors is currently providing a $475 cash incentive on 36-month leases of this truck through Ally. It is also waiving the first month's payment as well.
Car_man
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