Scary numbers

[stoney]

I was waiting for the CTS coupe but now that's it's pushed a year, I'm being forced to think about alternatives. My lease on my '06 CTS is up in April which is going to be here real fast. The '09 CTS sedan would be my next choice but even though the prices seem like a good deal(GMS), the rates GMAC are quoting for both lease and purchase are in a silly range. The online tool suggests 13% interest. Also forget about low money down as they require 12% down. Does anyone have a good expeience going through their own bank or credit union for a solid rate - or are all of the banks freaking out about GM's current position and the economy as a whole and bumping up rates and ripping risiduals lower? Being the son of a lifetime GM employee, I want to support GM and drive American, but I'm totally being tested and am starting to question common sense when I can lease an Infiniti G37 or Audi A5 for almost half of what GM is telling me for the new Caddy. YIKES!

[Maeztro]

You got me wondering. My lease is up in a little less than 3yrs. If GMAC has indeed been taking a bath because the actual vehicle value is less than the agreed upon residual, I wonder if they are going to be doing some bargaining in the next few years as the last of the previous generation of leases come to an end. For instance they may be willing to sell the car for a lower amount to me instead of taking it back themselves and needing to hit a certain # to break even. I could be way off and who knows what the financial landscape will be like in 3 yrs...but its a thought.

[roxnadz]

ROFL. GMAC are nuts. Where do they get these numbers from?

[928S]

Guys,

By the time your lease is up, finance company GMAC likely will have become a bank holding company with access to the government's $700 billion Troubled Asset Relief Program (TARP), plus low-cost borrowings from the Federal Reserve.

http://www.reuters.com/articlePrint?...38873720081120

So don't worry, just get in line and wait for the U.S. taxpayer to give you a great deal on your next GM vehicle.

[CadiJ]

Go check out PEN FED I just got 4.75% on my new CTS loan.

[Raj]

i was at the dealership a week ago and they were leasing through US Bank. i would suggest stopping by your dealership for a better idea on pricing.