Shopping for a new SUV for my Mom, looking for any feedback…
Year, Make, Model, and Trim: 2021 Cadillac XT5 premium luxury.
MSRP: $57,255
Selling Price:$52,100 (9%discount)
Monthly Payment: $434
Drive-Off Amount: $3,000 (first, tax $1,800, bank fee, dmv fees)
Months:36
Annual Mileage:12k
MF:.00005
Residual:57%
Incentives:$4,000 ($1,500 Costco, $1,500 conquest, $1,000 lease cash)
Region:NY
Great MF and decent residual plus the $4,000 rebates make this a decent deal. Had a lot of trouble getting to the 9% pre incentive discount. Current lease due back in March so planning on overlapping for a month or two, going to hold off to end of month, hoping to push discount closer to 11% getting sub $400/month
Wait til Feb or March… the current deal or even $400 + 3k DAS ain’t anything to write home about on this car.
Why pay anything up front with an MF that low?
1 Like
It doesn’t hurt to hold firm and let them know where you want to be. If you can hold out, hold out. Just bear in mind that the Costco incentive expires on March 1st.
100% correct. Trying to get my Mom on the same page…hard to get older folks to change their ways…no matter how simple the math
1 Like