I leased mine: 2 years 24,000 miles. I only put 15.8K mi. on the vette in two years so I thought this would be ok... but I love driving the V and I've put over 900 miles on her in just 14 days .
for those of you who leased your CTS-V, what was the residual percentage that you were given? I just talked with a local dealer this afternoon who has a Black V available, and he said the best they could do was 52%! That is rediculous!
From what I understand typical Caddys only retain approx 50% of their value after 2 years. The V is so new there is no standard on which to judge. If you look at the closest thing GM has ever made to this car, you would have to consider the old rear wheel drive Impala SS. We had one come in used and I asked about it figureing it was pretty well beat up needed tires body work and had over 110,000 miles on the clock. Boss said he could get $10,000 even in that shape at the auction. Facts are nice Impala SS's are worth a pretty buck.
Time will tell how much resale value this car will have. If you look at MB or BMW they have extreemly attractive rates because their resale rate is very good and will still be worth alot after a two year lease.
for those of you who leased your CTS-V, what was the residual percentage that you were given? I just talked with a local dealer this afternoon who has a Black V available, and he said the best they could do was 52%! That is rediculous!
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I may be mistaken, but that's a pretty good number, and for Cadillac a great number no? That should be a 3 year lease, unless I'm wrong, which means Cadillac's residual's are coming up. I know in the Philly area the lease rates on the CTS are better now then when the car first came out.
Personally I believe that the results are skewed. In my opinion the V owners are more into their cars and more likely to go online to find others with similar interests. I never went to a Monte Carlo site or a Astro van site and I I have owned several Monte SS's. But as soon as I got my CTSV I had to see others with similar interests.
Just like if you go to a specific brand car cruise. You will find how people love their cars. Then if you go to the repair shop the people will tell you how many problems their cars have and how much junk they are.
Personally I believe that the results are skewed. In my opinion the V owners are more into their cars and more likely to go online to find others with similar interests. I never went to a Monte Carlo site or a Astro van site and I I have owned several Monte SS's. But as soon as I got my CTSV I had to see others with similar interests.
Just like if you go to a specific brand car cruise. You will find how people love their cars. Then if you go to the repair shop the people will tell you how many problems their cars have and how much junk they are.
Did that make any sence?
I agree, I'm just crying cause I can't afford the V........