Lease vs By Sell Price on Cadillac XT5s and CTSs

[mp11477]

@cjm41

does the lease absorb those miles effectively bringing the 30k mile allotment over the life of the 36/mo lease down to 22,517 miles?

This is a point of contention. The official GMF documentation says it does, along with others in the forum that have done GM demo/loaner leases…some dealers say it doesn’t. I suspect the dealers that say it doesn’t buy the miles back in the lease so you don’t lose them.

Here’s the official documentation from GMF.

Cadillac ATS Demo

Here’s what I’m referring to, directly from the GMF leasing documentation… [image] Specifically, "Maximum allowable mileage at inception - 7,500 miles on eligible models at inception. Vehicles with mileage between 1,001-7,500 require an initial mileage retroactive adjustment of $0.20 per mile, or the inception mileage must be deducted from the total contract mileage and accurately disclosed on the lease agreement ((Total Contract Mileage - Inception mileage) (Term /12) = Annual Allowable Mile…