2020 Cadillac XT5, lease advice (good deal?)

No offense, but first this didn’t seem like a great deal. It was probably ok, but I wouldn’t pay $550/month for this car. If this was the best deal you could get, then I would consider financing instead. And second, the urgency in your message was a clear red flag.

I’m negotiating a deal for brand new CX-9 GT currently. I have an offer of $462/month on 36/10k lease (Texas). You’ll have to pay 15 cents per each mile over 10k. It puts you at $525. And there are no tax credits, and it’s a brand new car. This car is better than xt5 in almost every aspect you can think of.

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hahahahaha

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As someone that had a cx-9 gt for a few years, I can tell you that it’s a miserable pile of crap. Nothing made me happier than the day that carvana gave me a quote within a couple hundred dollars of the buy out and I could dump it.

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As someone that had a cx-9 gt for a few years, I can tell you that it’s a miserable pile of crap. Nothing made me happier than the day that carvana gave me a quote within a couple hundred dollars of the buy out and I could dump it.

Could you elaborate please? I have been renting this car for over a month and I absolutely loved it. There are no similar cars in this price range with stop & go, 360 camera, ventilated seats, remote start, CarPlay and HUD.

Btw, I rented XT5 Premium Luxury too for couple of days and wasn’t impressed at all. This 50k car didn’t even have adaptive cruise control. The only thing I liked about it was ventilated seats and HD camera with parking assistant.

First and foremost, it isn’t a 3 row suv. It’s a 2 row suv with two useless obstructions in the rear mislabeled as “seats”. Its a cx5 with a little more storage space. The space it does have is pretty useless because of the floor height and shape of the rear.

The infotainment system is absolutely miserable. Multi-minute start up times aren’t uncommon. You think it has a backup camera, but if you are the type that likes to do something silly like sit in the car, turn it on, and immediately back up, you’ll find you only have a backup camera some of the time.

Interior materials look good on the showroom floor. Whomever thought piano black center console trim was a good idea should be taken out back and shot. Gets scratched to all hell in no time.

We had a wonderful this noise from the rear suspension unsettling anytime you quickly lifted off the throttle. Never was able to get that one diagnosed.

Rumor has it the paint is actually stuck to the surface but with how easily the paint chipped, you’d never know.

Oh, and the bumper liked to crack at stress concentrations

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Would you mind sharing how much the MSRP for the CX9 is, so we can have a better comparison here? Besides I guess you didn’t notice my offer is for 15k miles/year but yours is 10K so a quick math shows the offer you got is worse than this, isn’t it? It’s interesting you are comparing Mazda with Cadillac! No offense, My current lease is actually a 2017 Mazda CX-5 GT with premium package and I liked it but I can’t compare it with luxury brands.

Thanks

Thanks for advice, I’ll reach out to them

He’s crazy. The cx9 is a competitor here, possibly not even price wise, not feature, luxury, or experience wise. Does Mazda even offer loaner vehicles consistently? I know Mazda is trying to be upscale, but you’re joking right?

No not really, adjust residual value in your lease calculation, buying miles at a per mile cost rarely makes sense, in the exception of rare cases of higher end cars (mostly i8s and the like iirc).

MSRP for CX-9 is $42695, but actual selling price after discounts is very close to xt5. The fact that xt5 has high MSRP doesn’t make it a luxury car. As I mentioned you’ll pay 15 cents per each mile over 10k. It is equivalent to $525/month on a 36/15k lease

That’s not how that works when you’re going to a 15k lease at inceptions.

Are you saying it’ll cost me more than $0.15 per mile if I return car with excess mileage? I expect the payment to be even lower if I adjust residual instead.

He’s saying that if one does a 15k lease from the start, the price is not adjusted on a per mile basis. The RV is adjusted to suit the different mileage limit.

If you go over the miles on your lease, you’re paying the per mile penalty. RV isn’t adjusted in that case.

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Exactly. Inceptions at 36/15k term makes more sense nearly every time. It’s almost always cheaper to adjust the rv. Adjusting his deal by adding 15 cents times 15k doesn’t make sense to me, to properly compare deals, you’d need to recalculate with an adjusted residual value. I can sit here all day and charge additional miles to deals, but you need an a to a comparison.

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Makes sense. Surprisingly penalty is in line with residual decrease.

The RV increase makes it roughly $.09 per mile, depending on MF vs $.15 per mile.

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With regards to the offer I have I would appreciate if anyone can advise whether I can consider accepting it as is or not? Or should I keep negotiating it? How much more? I would assume I can lower the monthly payment by only $20 at most.

Thanks

The discount seems decent because you don’t have the tax credit incentive listed as part of the dealer discount. Did you try to negotiate for base MF?

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For TX, I personally consider this good, 9% discount if you work out the MF markup, tax credit <— this alone makes a lot of cars make sense.

I’m no expert on the market, you’d have to ask @iac for that, but I’m not going to say this deal sucks, 9% discount and tax credit right now doesn’t seem terrible imo.

Is this new or loaner? It really depends on the vehicles. On some BMWs, yes, that’s all you’re going to get right now. On a Cadillac? I honestly have no idea what the market is like. It all depends on what OP wants and what OP wants to pay.