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Car Buying Advice - 2017 Escalade - Worst lease quote in history??
I just went to a Cadillac dealership here in FL and was about to lease a 2017 premium luxury Cadillac Escalade. The MSRP of the particular vehicle was $ 85,620. The lease price I was quoted in writing for a 36 month lease with $ 0 down was $ 2,696/month! $ 2,519/mo. with $ 6,000 down. To put this in perspective, these payments over 3 years work out to far more than the total purchase price of the vehicle. I questioned the sales manager (yes, the manager was actually involved in this quote) and he looked at me with a straight face and insisted this was accurate pricing. Seriously?! Did he just run the calculation without entering a residual value or something? Needless to say, I walked out. Is this as completely outrageous as I think it is?