Hello,
New to this lease hacking business and this site but glad to have found it. I have been working with a Cadillac dealer in north jersey, the past two months on a deal for a 2019 XT5 loaner with about 3500 miles on it.
I have been reading the other similar topics and I don’t have all the numbers to break it down but I can give the numbers I have and was hoping someone here could tell me if it was a decent deal or not.
I currently have a Chevy equinox at $350mo/24 months coming up in October, so I’m looking to get out early.
Does Cadillac honor a Chevy pull ahead lease?
May 2019
XT5 loaner, 3500 miles, MSRP $49k
They were trying to get me at $489/mo including taxes rolled in, as well as the 6 payments on the Equinox. They were looking for $1000 at pick up, everything else included in the monthly. Total payments including $1000 up front was going to be $18,898 for 12k miles a year, which obviously didn’t include the original loaner miles.
Fast forward to July 2, my sales guy texts me and says they can do it at $429 a month.
$429mo/39 months including tax, 39k miles and $1000 at pickup. Total payments including the $1000 equals $17,731.
It doesn’t seem like much of a discount cause they got out of paying $700 for the two months of Equinox payments that I have paid since the original discussion.
Would going in firm at $400/mo plus the $1k up front, be a good deal or am I still leaving money on the table?
(I tried using the calculator but I don’t have all the numbers and wasn’t sure of the residual or money factor)
Thanks for any help!
Brian