Cadillac XT5 - Lease Feedback or suggestions wanted

Ask the Hackrs
1

Hello Leasehackrs,

I am trying to lease a Cadillac XT5 and below are the details on the lease.

MSRP - 52,135
Discount - 5,240
Selling Price - 46,895
Cap Fees - 47
Cap Taxes - 90
Gross Cap Cost - 47,747

Total Rebates - 1,500
Net Cap Cost - 46,337

Residual-
Residual %/$ - 0.57
Residual Amount - 29,716.95
Mileage Program - 10,000
Prepaid Cents/Mile - 0.20
Adj Residual - 29,716.95

Payment
Term - 36
Base Payment - 468.51
Monthly Tax (MI) - 28.11
Payment - 496.62

Please suggest if this is a good deal.

Thank you all in advance,
Nick

2

Seems ok but for $500/month is there a nicer vehicle to be had?

3

Looking to get rid off my X3 and lease a similar sized vehicle for around 400$/month, please suggest if you there are other alternatives

4

So I am very new to this forum. Do I have to go to the dealer to get all these figures? I know on this site you can figure out some of them but it’s a little confusing.

5
  1. First search for the car you want on Cargurus/ Edmunds/ Autotrader/ other sites
  2. Once you have identified the car you want, research the residual value and MF on Tier 1 credit on Edmunds Forum and the average selling price on Edmunds/ NADA/ Truecar (?)
  3. Negotiate on the best selling price possible with the dealer prior to any rebates you might be eligible for (VPP/ loyalty/ etc.) or any trade.
  4. Get ALL the figures from the dealer (MSRP, Selling Price, Cap Cost, Down payment, money factor, residual value, term/mileage, fees/ dealer documentation fee, total out of pocket (drive off costs) and monthly payment)
  5. Plug in those numbers on the LH calculator and see the score - the higher the better
  6. Ask your questions posting all these details for opinions/ feedback
6

The OP got ~$315/ month on a 2017 Lexus RX 350 base for 36/ 12k. See below:

7

Thanks so much for your feedback, I will give it a try

8

Your lease payment seems about right. Money factor 0.00009? Think you could get it closer to $480 with a greater discount off the MSRP.

9

Live in Ohio. Can’t get 10% off MSRP. Can you give me the name of the dealership in Michigan?

Thanks

10

No idea how they came up with this payment given data? I calculate approximately $540/$0 down, if discount was only $3240 (6%) plus rebates. If discount was $$5240 (10%) including GM employee discount plus rebates, I get around $482 sign and drive?