: Anyone leasing the new CTS-V coupe?



Stingray23
09-09-10, 01:44 AM
I'd like to know if anyone is leasing or plans to lease the new CTS-V coupe. If so, would you mind sharing your deal and monthly price?

aj660
09-09-10, 01:34 PM
I'd like to know if anyone is leasing or plans to lease the new CTS-V coupe. If so, would you mind sharing your deal and monthly price?


I was thinking about leasing but there were no deals available so I purchased. The numbers looked pretty bad but the residual was good. I'm trying to remember the exact numbers but I think it was like this:

They wanted $1138 per month for 36 months and up front payment at signing was; 1st month payment ($1138), taxes ($2700), lease fee ($795), plates and registration ($216) which came out to $4849. This lease was with 12,000 miles per year and the residual would be just under $38,000 after the 36 months.

If I wanted to include the taxes into the payments, then it would have been $1,213 per month for 36 months and about $2,200 up front.

I didn't really like the lease deal so I passed. I guess with brand new models the dealers don't have too many incentives.

PremierJosh
09-09-10, 04:55 PM
The number I was given were 10k down and $860 a month for 4 years for 12k miles. I don't remember the residual though.

aj660
09-09-10, 05:53 PM
The number I was given were 10k down and $860 a month for 4 years for 12k miles. I don't remember the residual though.

Wow, Your numbers are pretty bad too... If you put $0 down then your payment would be just under $1100. I personally hate 48 month leases; I guess if you wanted 36 months, then you'd be in the $1200 range also. If the residual is reasonable ($35k) after 36 months, then the current deals are not so bad but only if you plan to purchase the car after the lease.

Stingray23
09-09-10, 05:57 PM
Thanks for the responses. I've been asking around for the current rates and It seems like top secret. no one wants to help. All I'm asking for are September lease rates for the CTS-V coupe and sedan. I'm doing my homework for dad since his car is due soon.

aj660
09-09-10, 06:03 PM
Thanks for the responses. I've been asking around for the current rates and It seems like top secret. no one wants to help. All I'm asking for are September lease rates for the CTS-V coupe and sedan. I'm doing my homework for dad since his car is due soon.

Unfortunately, there are no lease deals offered at the moment for the 2011 Coupes and that's why it seems like it's top secret. It's really not secret, but there are no good rates at the moment on a brand new model. In my opinion, a decent lease deal will be available in the next few months.

Tom_E
09-09-10, 06:07 PM
Here are the quotes from my dealer here in So Calif:
(I ended up buying)


24 months @ 15,000 miles per year
Drive offs 3909.33
Monthly Payment including tax 1472.58

27 months @ 15,000 miles per year
Drive offs 3806.44
Monthly Payment including tax 1419.69

36 months @ 15,000 miles per year
Drive offs 3596.03
Monthly Payment including tax 1309.28

39 months @ 15,000 miles per year
Drive offs 3501.21
Monthly Payment including tax 1264.46

48 months @ 15,000 miles per year
Drive offs 3322.34
Monthly Payment including tax 1185.59

Stingray23
09-09-10, 06:07 PM
I'm not looking for incentives. Just plain old base lease rates from GM. I just want to know what they are.

aj660
09-09-10, 10:38 PM
I'm not looking for incentives. Just plain old base lease rates from GM. I just want to know what they are.

My earlier post was GM lease rates from last week. For 36 months: $1138 per month and money due at signing was; 1st month payment ($1138), taxes ($2700), lease fee ($795), plates and registration ($216) which came out to $4849. This lease was with 12,000 miles per year and the residual was just under $38,000 after the 36 months.

If I included the taxes (8.5%) into the payments, then it would have been $1,213 per month for 36 months and about $2,200 down. Never inquired about 48 month leases since I would never go with more than 36 months.

Stingray23
09-09-10, 11:39 PM
pretty damn pricey.

aj660
09-10-10, 04:33 PM
pretty damn pricey.

That's why I said forget it....

Funny enough, I just got an e-mail saying that a decent lease program is now available for the Coupe. I guess they didn't realize that I already purchased the car lol..... I guess you should call a dealer to find out what they're offering.

Stingray23
09-10-10, 05:52 PM
I've spoken to 4 dealers and not one would offer me GM's lease numbers. I just want to know what the GM base 36 month, 10k, 12k, and 15k mile residual and Money factor is. NOT what the dealer jacks up the MF to make extra money. for example: 55% residual for 36 months and .00190 MF. thats all. I will do my own calculations like I always do.

b4z
09-11-10, 02:31 PM
All the new GM cars I have leased they used interest rate rather than MF.
I always waited until there was some cap cost reduction or other incentive before I leased. I am hoping that GM will buy back GMAC so we can get closer to the deals they used to offer. (But they lost money on every single one of them which is not a sustainable business model.)

If I were you I would ask this question at edmunds.com. They have a moderator that figures leases in their community forum.

Stingray23
09-11-10, 04:49 PM
thanks

aj660
09-11-10, 05:29 PM
I was just at my dealership yesterday having my windows tinted and my salesperson was filling me in on the new program. He was saying that a decent lease program is now available starting Sept 9th through US Bank, which is another bank that the dealers are using lately.

He said a 36 month lease is now almost $200 per month less than it was prior to Sept 9th. In total aprox $1,030 per month with no money down and taxes built in the payment and 12,000 miles per year; this is in NY with 8.5% tax. I am actually a little pissed off that this wasn't avail last week lol... I think it's a decent program for a brand new model.

Stingray23
09-11-10, 08:42 PM
Thats with taxes in the payment? if so, thats great! So if you pay the taxes up front it should be in the low $900 range.

aj660
09-12-10, 02:41 AM
Thats with taxes in the payment? if so, thats great! So if you pay the taxes up front it should be in the low $900 range.

Yes, If you paid the taxes upfront, then I guess it would be roughly $925-$950 per month for 36 months. Just call the dealer back and ask about leasing through US bank.

Stingray23
09-12-10, 03:14 PM
Thanks!

RichP_CTSV
09-12-10, 09:45 PM
I concur with the post earlier, US Bank in general is about 200 less a month than what GMAC is offering on the V-series.

One life
09-26-10, 04:39 PM
I leased a v sedan in south fla for the following: sticker was 68,???.... 36 month lease, 12,000 mi yr...total out of pocket was $4,200 inc tags everything...payment is $699 a month including fla 6% sales tax.... That is for the 2010 sedan... Hope this helps.....

aj660
09-26-10, 10:43 PM
I leased a v sedan in south fla for the following: sticker was 68,???.... 36 month lease, 12,000 mi yr...total out of pocket was $4,200 inc tags everything...payment is $699 a month including fla 6% sales tax.... That is for the 2010 sedan... Hope this helps.....

That's a pretty good deal, but I don't think such a good deal exists for the V-Coupe considering the Coupe just came out and it's a 2011. Maybe a similiar type of deal will be available at the end of 2011 for a 2011 V-Coupe around the time the 2012s arrive.

khoeysr
09-27-10, 05:09 PM
I would guess that the lack of history regarding residual values is causing it to be difficult if not impossible to lease a V Coupe. GM just got back in the leasing business, and I think I heard it was because their residuals had been so lousy for a long time, with downsizing of divisions, money problems, etc.