Vistiq lease advice

Ask the Hackrs
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1

Hi - I am just beginning to reach out to dealers looking for a 24/12 lease on a Vistiq Sport or Luxury. Please see sample calculator attached.

Curious to know, I had one dealer respond with a residual of 71% versus the 76% shown in Ratefindr. When I questioned this he indicated that “demo vehicles are assigned different RVs” but two other dealers who I presented offers to for demos confirmed that 76% was correct. Who’s right?

Outside of this, how does my proposed offer look? Targeting 12-13% discount so far seems challenging.

Located in Illinois

2

See Can residual value be far different for a loaner?

Best of luck in IL, feels like a lot of demand for Cadillac EV here.

3

Were these all the same year and trim and drivetrain?

There is a mileage penalty of 25(?) cpm on loaner miles.

4

Thanks - yes all 3 are sport awd with 4-6k miles. The feedback is helpful, thanks

5

Hi Everyone - I was able to complete a one pay 24 mo / 12k lease on a 26 Vistiq loaner a couple of weeks ago. Total one pay lease was $16,200 including taxes and all fees. Price was based upon a discounted dealer price of $71,444 and $5,000 in rebates (conquest, GM Executive EV Referral and GM card).

Its an excellent vehicle, the mileage is 6,500 which is higher than I would have liked but I still am able to put an additional 24k miles on it without penalty. Special thanks to @Jimzigg for his excellent advice and support!

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6

Did they apply the CTA incentive? I’m struggling with my dealer not seeming to know how to do it, or not telling me they can, so any advice is appreciated.

7

Yes they did, I’m not certain the amount as it was within the total discount that the dealer agreed to before rebate incentives.