Gm Leasing..GM Sick JOKE

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Open Letters to Cadillac Corporate Discussion, Gm Leasing..GM Sick JOKE in Item Specific Cadillac Discussion; I went to a dealer to get some pricing on a new cts since my car cts goes back in ...
  1. #1
    RichCTS is offline Cadillac Owners Fanatic
    Automobile(s): CTS
    Join Date
    Jan 2006
    Neponsit, New York

    Gm Leasing..GM Sick JOKE

    I went to a dealer to get some pricing on a new cts since my car cts goes back in march 09. I figured 6 more payments, gmac will eat 2 and employee pricing should cover the early return, and I am running a little over milleage. First off they wanted about a 1,000 per month because the residual went up to over 11%. Sure you want to lease !!! I called a friend of mine who finances autos and he stated no more Auto Leasing unless you want a pontiac G6. I offered my Friend a JOB because alot of GM dealers will be closing because of this. He told me 4 (FOUR) customers walked out today alone!! Executives at GM are SMUCKS!! and I received a letter in the mail from NISSAN/INFINITE offering to assume my lease and lease me 1 of there's. Go ahead GM let the Foreign car companys take more out of you pocket..I Don't Care I'll be Driving a G37.

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  3. #2
    youngcaddyman is offline Cadillac Owners Member
    Automobile(s): Cadillac
    Join Date
    Aug 2008

    Re: Gm Leasing..GM Sick JOKE

    Yikes! 1000 a month is pretty pricey. LOL cars are a losing situation. Ya know, the other day I went to carmax and sat through a "presentaion" on how they only mark cars up 1000-2000 and sell volume. So they get me excited because i wanted to trade my cts for a cts-v. WELL! They offered to buy my cts for $8500!!!!!!!!!!!!!! I have an 04' cts with upgrades, 59000 miles and they offered me 8500? LOL they were speechless when I asked "so when you get this car you're only gonna sell it for 10, 000 tops? wow lol

  4. #3
    Spyke's Avatar
    Spyke is offline Cadillac Owners Connoisseur
    Automobile(s): 2005 Cadillac CTS 3.6L VVT
    Join Date
    Sep 2007
    Montreal, QC

    Re: Gm Leasing..GM Sick JOKE

    Still leasing in the USA? Here in Canada GM only sells, no lease anymore! Almost same thing with ford and chrysler.. interest rate of leasing with ford and chrylser is now at 12.9% and for sale is between 0% and 3.00%.

  5. #4
    PAULSTSMAN1's Avatar
    PAULSTSMAN1 is offline Cadillac Owners Fanatic
    Automobile(s): 1998 CADILLAC STS
    Join Date
    Nov 2004

    Re: Gm Leasing..GM Sick JOKE


    The problem is much greater than you can see on the surface. The available market in Credit equities has complete dried up. With the Credit Crisis beginning with Sub Prime home loans, this was the beginning of major financial difficulties which are just beginning. If your Credit Score isn't platinum, it is possible you won't be able to borrow any money within the next 6 months. Cerebus, the managing partner of GMAC, LOST BILLIONS OF DOLLARS LAST QUARTER because of leases of SUV's and other cars that were returned valued at much less than the market for re-sale. They first canceled the Lease programs in Canada, then it trickled here.

    The days of leasing a car you can't afford to buy is over! The foreign makes can do it, because they traditionally hold on to more residual value (however as time progresses, it's anyone's guess). This is the major reason, the Auto industry in general is showing so much signs of weakness! With job losses in sectors such as: Real Estate, Construction, and Financial Services, there will be plenty of repos, and lease cancellations that won't be re-taken out. Are you beginning to see the picture? This is why any manufacturer coming out with costly new models, is almost seen as committing financial suicide. The major consumer the Middle Class has been dealt a major blow, borrowing is extremely tight.

  6. #5
    joee5's Avatar
    joee5 is offline Cadillac Owners Fanatic
    Automobile(s): 2004 Escalade
    Join Date
    Jan 2008
    New Jersey

    Re: Gm Leasing..GM Sick JOKE

    Wow leasing sounds like it sucks. I only buy. Got me my first car note since 1992. LOL. God Bless,Joe

  7. #6
    RightTurn's Avatar
    RightTurn is offline Cadillac Owners 10000+ Posts
    Join Date
    Sep 2006
    Keep Right™

    Re: Gm Leasing..GM Sick JOKE

    Gee, I guess the days of driving vehicles you can't really afford are over. Time to pack up the McMansion and get back to reality.

  8. #7
    urbanski is offline Cadillac Owners 10000+ Posts
    Automobile(s): 05 CTS-V
    Join Date
    Mar 2003
    San 'tone, TX

    Re: Gm Leasing..GM Sick JOKE

    ^^^^there ya go

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