Legion455

05-04-13, 11:52 AM

HI All,

Great forum! Questions about how to lease without getting the worst of it. (my butt permanently red from years and years of buying/leasing cars :(

My trade in: (purchased)

2010 CTS Sedan, Performance, Crystal Red, Nav, Ultraroof, 18" polished wheels.

Excellent condition w/ approx 33K miles. Current payoff (ally) $19,888.30 Dealer trade-in value $24,000

It's my wifes birthday and also our anniversary, so I want to get her a new Coupe.

2013 Coupe, Premium, White, tan/wood interior., sunroof. ... MSRP $50,740

(On a purchase), Dealer says ...... sticker $50740 less $2386 discount to invoice, $2000 rebate from Cadillac, Trade value of 2010 CTS $24000,

Payoff is $19888.50.

This ends up at $42242.50 plus 6% sales tax and fees of $1731.46 (you pay 1% additional in Indiana plus excise tax)

Total amount financed $43973.90. 72 Months @2.9% (ally rate subsidized by Cadillac) Monthly payment is $673.00/month.

Well, needless to say, purchasing is out of the question. So, could someone possible help me figure out (or guess) the residual and moneyrate?

for a 36 mo lease 15K per year.

I'm 66 and have excellent credit score (high 700's)

In the above case, would the cap cost be $50,740 less dealer discount ($2386) less GM rebate ($2K) = $46,354 ??

and where do I apply the down payment of approx $4100? to the cap cost? if so, then cap cost is $42,242.30

Residual? is it about 55% nowadays? if so then ... well, now I'm getting lost as I dont know whether to figure residual against cap cost, or cap cost with down payment (trade-in) I'll use cap cost with no down payment. .. $46,354 x .55 = $25,494.70

Remainder is $20,859.30 (less $4100 trade-in ) = 16,759.30 / 36 months = $465 /mo plus tax (7%) = $498

AND.... I haven't even figured in the Money Factor !!! Yet if I go to the Cadillac.com site and firgure a lease on the same car ... they calculate $429 / mo for 36 months???????????

Needless to say, any help with this is greatly appreciated!!!!

Allen

Great forum! Questions about how to lease without getting the worst of it. (my butt permanently red from years and years of buying/leasing cars :(

My trade in: (purchased)

2010 CTS Sedan, Performance, Crystal Red, Nav, Ultraroof, 18" polished wheels.

Excellent condition w/ approx 33K miles. Current payoff (ally) $19,888.30 Dealer trade-in value $24,000

It's my wifes birthday and also our anniversary, so I want to get her a new Coupe.

2013 Coupe, Premium, White, tan/wood interior., sunroof. ... MSRP $50,740

(On a purchase), Dealer says ...... sticker $50740 less $2386 discount to invoice, $2000 rebate from Cadillac, Trade value of 2010 CTS $24000,

Payoff is $19888.50.

This ends up at $42242.50 plus 6% sales tax and fees of $1731.46 (you pay 1% additional in Indiana plus excise tax)

Total amount financed $43973.90. 72 Months @2.9% (ally rate subsidized by Cadillac) Monthly payment is $673.00/month.

Well, needless to say, purchasing is out of the question. So, could someone possible help me figure out (or guess) the residual and moneyrate?

for a 36 mo lease 15K per year.

I'm 66 and have excellent credit score (high 700's)

In the above case, would the cap cost be $50,740 less dealer discount ($2386) less GM rebate ($2K) = $46,354 ??

and where do I apply the down payment of approx $4100? to the cap cost? if so, then cap cost is $42,242.30

Residual? is it about 55% nowadays? if so then ... well, now I'm getting lost as I dont know whether to figure residual against cap cost, or cap cost with down payment (trade-in) I'll use cap cost with no down payment. .. $46,354 x .55 = $25,494.70

Remainder is $20,859.30 (less $4100 trade-in ) = 16,759.30 / 36 months = $465 /mo plus tax (7%) = $498

AND.... I haven't even figured in the Money Factor !!! Yet if I go to the Cadillac.com site and firgure a lease on the same car ... they calculate $429 / mo for 36 months???????????

Needless to say, any help with this is greatly appreciated!!!!

Allen