BobCar
September 27, 2024, 2:59am
1
I am planning to lease Cadillac Lyric Sport 1 for $430 a month (with tax) and $0 down. Only first month payment due at signing.
I haven’t got details about price breakdown yet from dealer. It is customer loaner car.
Is this considered good deal? Since I don’t have % off MSRP, RV, MF, I can’t put anything in calculator.
Also, generally with lease, do people buy any kind of insurance for scratch/dent?
Thanks.
It’s fair, where are you located/which dealership is it? I’ve seen them as low as high 200s for loaners.
mllcb42
September 27, 2024, 3:22am
3
BobCar:
Is this considered good deal? Since I don’t have % off MSRP, RV, MF, I can’t put anything in calculator
Can’t answer the first part without the second.
BobCar
September 27, 2024, 4:22pm
5
Here is the info I got today.
1 Like
Jimzigg
September 27, 2024, 4:32pm
6
I came up with 413 w 413 at signing. Pretty close. The mf looks slightly marked up. .00167 vs .00132. You can get another 500 rebate via GM rewards card sign and spend.
mllcb42
September 27, 2024, 4:49pm
7
With the mf mark up factored in, youre at about 7% off pre-incentive. Thats mediocre for a loaner. Not horrible, not amazing.
BobCar
September 27, 2024, 5:13pm
8
Thanks a lot for your help (in past too).
I am still on fence if I should go with this or not.
Jimzigg
September 27, 2024, 5:26pm
9
Definately not as good as Iowa deal but I am sure much closer
BobCar
September 27, 2024, 5:31pm
10
I agree. Iowa deal is good, but flying to Iowa didn’t work out for me.
By the way, the deal I am looking at is Sport 1 trim red color.
Is it possible to share the full quote (without your info)? Dealers in Houston are not budging without seeing a quote
BobCar
September 27, 2024, 5:42pm
12
I don’t have full quote yet.
Anything which has VIN# with the numbers you have?
Jimzigg
September 27, 2024, 5:45pm
14
Yes I saw that sounds nice. Either way your target discount should be 10% off msrp before all rebates especially on a loaner. I got 12% on a non loaner from that Iowa dealer but that is a bit of unicorn. You may have to travel to get it if nobody will play local ball.
BobCar
September 27, 2024, 5:58pm
15
I agree. I wish I can travel to Iowa for that deal.
The quote I am having is at 9.6% off msrp.
BobCar
September 27, 2024, 6:00pm
16
@Jimzigg Did you already leased one for yourself? Are you happy with car? Any known issues so far?
Jimzigg
September 27, 2024, 6:16pm
17
The marked up mf lowers that discount to 7% per the post on the thread. So not a true 9.6%
1 Like
Jimzigg
September 27, 2024, 6:17pm
18
Had it since mid June. I love it. Some gremlins here and there but overall good.
mllcb42
September 27, 2024, 6:29pm
19
The quote you have has a manipulated MF so that they can make it seem like they’re giving you 9.6% off, even though they actually aren’t.
BobCar
September 27, 2024, 7:07pm
20
So not a good deal in general?