2015 Cadillac SRX Lease Questions

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  • kyfdxkyfdx Moderator Posts: 262,405

    just got the following offer:
    MSRP 49765
    vehicle price 46880 <- this is with GM supplier
    aq fee 595
    cash down 750
    rebate 2965
    adj cap 43760
    resid 68%
    MF .00044
    6% tax

    monthly 474.35 $940 due at sign
    24 month 12k miles per

    there are a couple things in the sheet they gave me i'm not completely clear on, but oeverall this seems like a legit deal. any thoughts?</p>

    We don't have the Cadillac numbers this month to verify.. But, that's a great price on a 24 month lease

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  • phillydillyphillydilly Member Posts: 38
    Got the dealer to come down a few bucks to 465 monthly 970 due.
    Going to take the deal. I suppose I might be able to get a few bucks more, but I think its a very good deal for a 24 month lease.
  • tbrysontbryson Member Posts: 12
    I am not sure I am in the right place to ask this so sorry if I am wrong.

    I am new to the lease game and I received 4 quotes starting at 800 to 680. I got the dealer down to 633 and some change.

    Here are the terms.
    24 month lease 18k miles - no money down at signing but first month payment

    Details of car

    2015 SRX luxury collection
    MSRP 47985
    Invoice PRice 46045
    Rebate 1465

    FInal price 44080

    residual - 30950
    mf .00044

    698.89/month
    neg to 639/month

    good deal or walk away I am in VA
  • MichaellMichaell Moderator Posts: 260,104
    tbryson said:

    I am not sure I am in the right place to ask this so sorry if I am wrong.

    I am new to the lease game and I received 4 quotes starting at 800 to 680. I got the dealer down to 633 and some change.

    Here are the terms.
    24 month lease 18k miles - no money down at signing but first month payment

    Details of car

    2015 SRX luxury collection
    MSRP 47985
    Invoice PRice 46045
    Rebate 1465

    FInal price 44080

    residual - 30950
    mf .00044

    698.89/month
    neg to 639/month

    good deal or walk away I am in VA

    I'm sorry, we don't have any Cadillac lease numbers for August.

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  • asd302asd302 Member Posts: 65
    Do you have any Cadillac SRX numbers for August yet? Looking for 24 and 36 15k/yr.
  • MichaellMichaell Moderator Posts: 260,104
    asd302 said:

    Do you have any Cadillac SRX numbers for August yet? Looking for 24 and 36 15k/yr.

    We never did get any numbers for Cadillac this month; perhaps in September ...

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  • pblx5pblx5 Member Posts: 44
    Do you have any September numbers? Specifically, Luxury collection 36/12, 36/10, 24/12 and 24/10. Thanks!
  • kyfdxkyfdx Moderator Posts: 262,405
    pblx5 said:

    Do you have any September numbers? Specifically, Luxury collection 36/12, 36/10, 24/12 and 24/10. Thanks!

    Sorry.. no Cadillac numbers yet.

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  • clubmanager1clubmanager1 Member Posts: 7
    Being told no rebates available to be used towards leasing 2015 SRX currently, is that right? Telling me the current 3K rebate only available towards purchases, not leases. Using Supplier, MF .00044, don't recall residuals so don't want to put wrong but I am looking at 24/12 and 27/12

    Any help appreciated, buying tomorrow.
  • kyfdxkyfdx Moderator Posts: 262,405

    Being told no rebates available to be used towards leasing 2015 SRX currently, is that right? Telling me the current 3K rebate only available towards purchases, not leases. Using Supplier, MF .00044, don't recall residuals so don't want to put wrong but I am looking at 24/12 and 27/12

    Any help appreciated, buying tomorrow.

    Sorry, but we don't have any current Cadillac lease information.

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  • buddyarbuddyar Member Posts: 1
    Do you have any numbers on Cadillac SRX 15 , Performance Edition, 24 mo. 10,000 miles per year? Salesman said Costco Pricing, and $700.00 Costco card. Plus 3000 rebate. Anyone know money factor and residual?
  • kyfdxkyfdx Moderator Posts: 262,405
    buddyar said:

    Do you have any numbers on Cadillac SRX 15 , Performance Edition, 24 mo. 10,000 miles per year? Salesman said Costco Pricing, and $700.00 Costco card. Plus 3000 rebate. Anyone know money factor and residual?

    Sorry, but we didn't get any Cadillac information, this month.

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  • ilovesprintilovesprint Member Posts: 35
    Can anyone give me their opinion on this Cadillac SRX Lease - Luxury Edition

    24 months, 12,000 miles per year

    MSRP 46,135
    disc 3,135
    selling price 43,000

    doc 168.43
    acq fee 595
    tax 1055.33
    total cap 44,818
    money down $1,000
    rebate 1,465
    net cap 42,353.76

    payment 498
    mf .00054
    residual 68%

    LUXURY COLLECTION PREFERRED EQUIPMENT GROUP Includes Standard Equipment (1SB)
    WOOD TRIM includes Raven Sapele wood on door and center stack. Includes (34G) Wood Trim. (Requires (AFD) or (AFE) interior trim.) (2HM)
    WOOD TRIM includes Raven Sapele wood on steering wheel (heated) and shift knob (Included in (2HM) Wood Trim. Requires (AFD) or (AFE) interior trim.) (34G)
    LIGHT TITANIUM W/EBONY ACCENTS, LEATHER SEATING SURFACES (AFD)
    SEATS, FRONT BUCKET includes 8-way power driver seat adjuster (STD) (AR9)
    EMISSIONS, FEDERAL REQUIREMENTS (FE9)
    BLACK RAVEN (GBA)
    ENGINE, 3.6L SIDI DOHC V6 VVT (308 hp [229.7 kW] @ 6800 rpm, 265 lb-ft of torque [357.8 N-m] @ 2400 rpm) (STD) (LFX)
    TRANSMISSION, 6-SPEED AUTOMATIC, FWD, 6T70 with tap-up/tap-down (on shifter), performance shifting and manual-up/manual-down (STD) (M7W)
    DRIVER AWARENESS PACKAGE includes (UEU) Forward Collision Alert, (UFL) Lane Departure Warning, Safety Alert Seat and (TQ5) IntelliBeam headlamps (PCW)
    AUDIO SYSTEM, AM/FM STEREO, SINGLE DISC CD PLAYER USB port and auxiliary jack (Includes (UQA) Bose premium 8-speaker system) (STD) (RAO)
    WHEELS, 18" X 8" (45.7 CM X 20.3 CM) BRIGHT MACHINED FINISH ALUMINUM (STD) (Upgradeable to (Q6X) 18" chrome wheels with bright finish. Deleted when any 20" LPO wheels are ordered.) (RV1)
    HEADLAMPS, INTELLIBEAM (Included and only available in (PCW) Driver Awareness Package.) (TQ5)
    FORWARD COLLISION ALERT (Included and only available in (PCW) Driver Awareness Package.) (UEU)
    LANE DEPARTURE WARNING (Included and only available in (PCW) Driver Awareness Package.) (UFL)
    AUDIO SYSTEM FEATURE, BOSE CENTERPOINT SURROUND SOUND PREMIUM 10-SPEAKER SYSTEM (Included and only available with (UY4) Navigation system.) (UQS)
    NAVIGATION SYSTEM (Includes (UVC) Rear Vision Camera and (UQS) Bose Centerpoint Surround Sound premium 10-speaker system) (UY4)
    LPO, ALL-WEATHER FLOOR MATS (Included with (PCN) Summer/Winter Mat Package, LPO.) (VAV)
    LICENSE PLATE BRACKET, FRONT (Included for required states. No charge option.) (VK3)
  • MichaellMichaell Moderator Posts: 260,104

    Can anyone give me their opinion on this Cadillac SRX Lease - Luxury Edition

    24 months, 12,000 miles per year

    MSRP 46,135
    disc 3,135
    selling price 43,000

    doc 168.43
    acq fee 595
    tax 1055.33
    total cap 44,818
    money down $1,000
    rebate 1,465
    net cap 42,353.76

    payment 498
    mf .00054
    residual 68%

    LUXURY COLLECTION PREFERRED EQUIPMENT GROUP Includes Standard Equipment (1SB)
    WOOD TRIM includes Raven Sapele wood on door and center stack. Includes (34G) Wood Trim. (Requires (AFD) or (AFE) interior trim.) (2HM)
    WOOD TRIM includes Raven Sapele wood on steering wheel (heated) and shift knob (Included in (2HM) Wood Trim. Requires (AFD) or (AFE) interior trim.) (34G)
    LIGHT TITANIUM W/EBONY ACCENTS, LEATHER SEATING SURFACES (AFD)
    SEATS, FRONT BUCKET includes 8-way power driver seat adjuster (STD) (AR9)
    EMISSIONS, FEDERAL REQUIREMENTS (FE9)
    BLACK RAVEN (GBA)
    ENGINE, 3.6L SIDI DOHC V6 VVT (308 hp [229.7 kW] @ 6800 rpm, 265 lb-ft of torque [357.8 N-m] @ 2400 rpm) (STD) (LFX)
    TRANSMISSION, 6-SPEED AUTOMATIC, FWD, 6T70 with tap-up/tap-down (on shifter), performance shifting and manual-up/manual-down (STD) (M7W)
    DRIVER AWARENESS PACKAGE includes (UEU) Forward Collision Alert, (UFL) Lane Departure Warning, Safety Alert Seat and (TQ5) IntelliBeam headlamps (PCW)
    AUDIO SYSTEM, AM/FM STEREO, SINGLE DISC CD PLAYER USB port and auxiliary jack (Includes (UQA) Bose premium 8-speaker system) (STD) (RAO)
    WHEELS, 18" X 8" (45.7 CM X 20.3 CM) BRIGHT MACHINED FINISH ALUMINUM (STD) (Upgradeable to (Q6X) 18" chrome wheels with bright finish. Deleted when any 20" LPO wheels are ordered.) (RV1)
    HEADLAMPS, INTELLIBEAM (Included and only available in (PCW) Driver Awareness Package.) (TQ5)
    FORWARD COLLISION ALERT (Included and only available in (PCW) Driver Awareness Package.) (UEU)
    LANE DEPARTURE WARNING (Included and only available in (PCW) Driver Awareness Package.) (UFL)
    AUDIO SYSTEM FEATURE, BOSE CENTERPOINT SURROUND SOUND PREMIUM 10-SPEAKER SYSTEM (Included and only available with (UY4) Navigation system.) (UQS)
    NAVIGATION SYSTEM (Includes (UVC) Rear Vision Camera and (UQS) Bose Centerpoint Surround Sound premium 10-speaker system) (UY4)
    LPO, ALL-WEATHER FLOOR MATS (Included with (PCN) Summer/Winter Mat Package, LPO.) (VAV)
    LICENSE PLATE BRACKET, FRONT (Included for required states. No charge option.) (VK3)

    With those numbers, I'm within $1 of your dealer quote, so pretty spot on.

    We don't have any Cadillac numbers this month, so I can't tell you if the MF is inflated or not. Seems pretty low (equivalent to 1.3% APR) so if you're comfortable with the selling price, no reason not to pull the trigger.

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  • ilovesprintilovesprint Member Posts: 35
    Michaell - still looking at leasing & have questions. I have a supplier discount with GM/Caddy - What is the best way to use it? Negotiate the the price & then ask for the additional discount?

    It looks as though I am being offered $3,100 off MSRP plus $1,450 lease cash by the dealer w/o telling them I have a supplier discount

    When I do a build on the GM supplier site

    Here is what I get:

    Luxury AWD with Nav
    MSRP $51,220
    GM Supplier Discount $48,161
    Consumer Cash $3,000
    You pay $45,161

    Do the dealers get the supplier rate returned to them from GM? how does that work?

    BTW, I had another dealer give me a MF of .00044 instead of .00054

    Thank you for the guidance
  • kyfdxkyfdx Moderator Posts: 262,405

    Michaell - still looking at leasing & have questions. I have a supplier discount with GM/Caddy - What is the best way to use it? Negotiate the the price & then ask for the additional discount?

    It looks as though I am being offered $3,100 off MSRP plus $1,450 lease cash by the dealer w/o telling them I have a supplier discount

    When I do a build on the GM supplier site

    Here is what I get:

    Luxury AWD with Nav
    MSRP $51,220
    GM Supplier Discount $48,161
    Consumer Cash $3,000
    You pay $45,161

    Do the dealers get the supplier rate returned to them from GM? how does that work?

    BTW, I had another dealer give me a MF of .00044 instead of .00054

    Thank you for the guidance

    The supplier discount is a fixed amount for each vehicle. It's not an additional amount you can take off after negotiating your best price. Best to find a dealer that is supplier discount "friendly". The dealer is compensated a fixed amount by GM, in exchange for selling the vehicle at "cost".

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  • adamcaradamcar Member Posts: 41
    edited October 2015
    Costco has a program right now if you buy or lease most GM vehicles, you get Supplier Pricing and a $300 cash card if you are a regular member or $700 Costco cash card if you are an Executive member. Now 9 times out of 10, you can negotiate a better price than just supplier pricing. You have to make sure to get the entire breakout of selling price, aka what is the discount and what is rebates. A had a salesman tell me he can go lower than supplier pricing on a 2015 Volt and still get the cash card. There are different rebates for purchase than lease. Most of the time, lease cash is not advertised (not sure why, possible dealer huge profit?). That is why we come here to ask for the lease cash and terms!
  • ilovesprintilovesprint Member Posts: 35
    dumb question - how are taxes figured in illinois

    off what Number? I see a tax rate listed of 7.776%

    I have a vehicle selling price of 43,000
    Doc Fee 168.43
    Acq Fee 595
    Tax on collected items 1,441.93

    Just trying to work it backwards
  • MichaellMichaell Moderator Posts: 260,104
    dumb question - how are taxes figured in illinois off what Number? I see a tax rate listed of 7.776% I have a vehicle selling price of 43,000 Doc Fee 168.43 Acq Fee 595 Tax on collected items 1,441.93 Just trying to work it backwards
    I believe Illinois taxes the monthly payment. However, it could be the $1400 represents the tax on the sum of the payments. 

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  • kyfdxkyfdx Moderator Posts: 262,405

    dumb question - how are taxes figured in illinois

    off what Number? I see a tax rate listed of 7.776%

    I have a vehicle selling price of 43,000
    Doc Fee 168.43
    Acq Fee 595
    Tax on collected items 1,441.93

    Just trying to work it backwards

    Yes, Illinois has switched to taxing the monthly payment, but I believe they collect it upfront (like Ohio).

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  • ilovesprintilovesprint Member Posts: 35
    Ok - new offer for a slightly different vehicle

    24/12,000

    2015 SRX AWD - Luxury
    Drivers Awareness Package
    Wheels 18 inch
    Nav
    Floor Mats
    Tire

    MSRP $49,975
    Selling Price - $46,875 (only $3,100 off)
    Down $1,000
    Lease Cash $1,465

    RV $33,983
    MF .00044

    Taxes & Acq fee rolled into payment $1,924

    $550 per month
    Due at singing $1,000 plus first payment

    I wonder if this gets any better in november? 1st - 6% off the MSRP doesn't strike me as a great deal? 2nd - 2016's are already out. 3rd - they are discontinuing the SRX in 2017

    thoughts from the forum?
  • MichaellMichaell Moderator Posts: 260,104

    Ok - new offer for a slightly different vehicle

    24/12,000

    2015 SRX AWD - Luxury
    Drivers Awareness Package
    Wheels 18 inch
    Nav
    Floor Mats
    Tire

    MSRP $49,975
    Selling Price - $46,875 (only $3,100 off)
    Down $1,000
    Lease Cash $1,465

    RV $33,983
    MF .00044

    Taxes & Acq fee rolled into payment $1,924

    $550 per month
    Due at singing $1,000 plus first payment

    I wonder if this gets any better in november? 1st - 6% off the MSRP doesn't strike me as a great deal? 2nd - 2016's are already out. 3rd - they are discontinuing the SRX in 2017

    thoughts from the forum?

    No Cadillac numbers for us to compare against. But, using your MSRP and selling price, I get $573/mo.

    1 - we don't track selling prices, so can't comment on whether 6% off is good or not
    2 - if 2016's are on the lot, then you should get a bigger discount on a 2015
    3 - was not aware of that - or, is it being replaced with the new "CT" nomenclature?

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  • ilovesprintilovesprint Member Posts: 35
    http://www.motorauthority.com/news/1041930_2017-cadillac-xt5-revealed-in-first-official-photos

    By Viknesh Vijayenthiran


    Cadillac’s replacement for the SRX, the 2017 XT5, will make its auto show debut in Dubai on November 10. A local debut will then follow at the Los Angeles Auto Show just one week later. However, we already have a good look at the design thanks to a round of teaser photos released overnight.

    All Cadillac will tell us right now is that the XT5 will feature “progressive technology” and an “accommodating interior.”

    We also know that the XT5 will be built at General Motors Company’s [NYSE:GM] Spring Hill plant in Tennessee. And like the SRX it’s about to replace, the crossover will straddle the gap between the small and mid-size offerings of rival brands. Potential rivals include the Audi Q5, Lexus RX and Volvo XC60.

  • ilovesprintilovesprint Member Posts: 35
    Michaell... I think I have narrowed it after a lot of homework on this site, thank you

    2016 Cadillac SRX Luxury
    24/12,000

    MSRP $49,130
    Sell Price $44,705 (9.01% off MSRP)
    Taxes $910.95 - rolled into payment
    Acq Fee $595 - rolled into payment
    Net Cap Cost $46,210.95

    Residual Value 71%
    MF .00044

    Payment $507.71
    Due at Signing TTL $389.43 + 1st payment

    Does this check out?
  • MichaellMichaell Moderator Posts: 260,104

    Michaell... I think I have narrowed it after a lot of homework on this site, thank you

    2016 Cadillac SRX Luxury
    24/12,000

    MSRP $49,130
    Sell Price $44,705 (9.01% off MSRP)
    Taxes $910.95 - rolled into payment
    Acq Fee $595 - rolled into payment
    Net Cap Cost $46,210.95

    Residual Value 71%
    MF .00044

    Payment $507.71
    Due at Signing TTL $389.43 + 1st payment

    Does this check out?

    I agree with the math ...

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  • ilovesprintilovesprint Member Posts: 35
    highly recommend heritage cadillac in lombard illinois - ask for darren
  • ilovesprintilovesprint Member Posts: 35
    any cadillac figures this month Michaell?
  • kyfdxkyfdx Moderator Posts: 262,405

    any cadillac figures this month Michaell?

    Sorry... it seems we no longer get the Cadillac numbers

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  • dolphin5dolphin5 Member Posts: 85
    Can you please post 24/15 and 36/15 MF and Residual on an AWD SRX Luxury and Performance models for the NY Metro Area (NJ) and list lease cash and rebates,

    Thanks!
  • kyfdxkyfdx Moderator Posts: 262,405
    dolphin5 said:

    Can you please post 24/15 and 36/15 MF and Residual on an AWD SRX Luxury and Performance models for the NY Metro Area (NJ) and list lease cash and rebates,

    Thanks!

    Sorry, but we don't have the Cadillac numbers for this month.

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  • carfan74carfan74 Member Posts: 58
    Is GM still leasing 2015 SRXs? Or has that window closed? If so, any numbers on SRX AWD Luxury and Performance models in NY Metro (36/12). Thank you!
  • MichaellMichaell Moderator Posts: 260,104
    carfan74 said:
    Is GM still leasing 2015 SRXs? Or has that window closed? If so, any numbers on SRX AWD Luxury and Performance models in NY Metro (36/12). Thank you!
     No Cadillac lease numbers this month. 

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