Automotive

[EXPIRED] Cadillac XT5 AWD Base 24 Months Lease - $199 Bi-Weekly, $2600 down

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  • Feb 25th, 2019 12:26 pm
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[EXPIRED] Cadillac XT5 AWD Base 24 Months Lease - $199 Bi-Weekly, $2600 down

Looking for thoughts on this offer. Not sure if I should pull the trigger or wait to see what next months offer is.

2018 Cadillac XT5 AWD Base model
$199 bi-weekly plus $2600 down. 3.9% APR for 24 months.

Assuming this promo applies to Silver model, with other colours costing more.

Previous threads with deals on the XT5 (FWD only):
$349/month $1500 down - budds-cadillac-cadillac-xt5-ats-lease-3 ... n-2107572/
$369/month $1500 down - budds-cadillac-sold-out-cadillac-xt5-fw ... d-2110384/
$389/month (FWD) or $438/mo (AWD) $3700 down - budds-cadillac-cadillac-xt5-base-24-mon ... d-2169299/

Previous offers apply to the FWD model and include 20,000 KM's per year while this one is 16,000 KM's. This offer is available throughout Canada as well unlike the other ones. $349/mo seems like a sweet deal, even for the FWD model when combined with PP. Not sure if we'll see that price again.

Note that this offer is bi-weekly which means two additional payments per year (26) vs paying twice a month.

Site: https://www.cadillacoffers.ca/

Fine Print
Offer valid at participating dealers to eligible retail lessees in Canada who have entered into a lease agreement with GM Financial and who accept delivery between July 4th 2018 and July 31st, 2018 of an eligible 2018 Cadillac XT5 6NF26-1SB. Lease based on suggested retail price of $47,945, includes $3,000 manufacturer-to-dealer Summer Bonus Credit (tax exclusive and $2,500 lease cash (tax exclusive). Bi-weekly payment is $199 for 24 months at 3.9% interest rate on approved credit to qualified retail customers by GM Financial. Annual kilometre limit of 16,000 km, $0.16 per excess kilometer. $2,600 down payment is required. Cost of borrowing is $2,850.00 for a total obligation is $12,914, plus applicable taxes. Taxes, license, insurance, registration and applicable fees, levies, duties and, except in Quebec, dealer fees (all of which may vary by dealer and region) are extra. Option to purchase at lease end is $33,030. Discounts vary by model. Dealer may sell for less. Limited time offer, which may not be combined with certain other offers. General Motors of Canada Company may modify, extend or terminate offers in whole or in part at any time without notice. Conditions and limitations apply. Offers may not be redeemed for cash and may not be combined with certain other consumer incentives. Dealers will determine eligibility for the Program. This offer may not be redeemed for cash and may not be combined with certain other consumer incentives available on Cadillac vehicles. General Motors of Canada Company reserves the right to amend or terminate this offer, in whole or in part, at any time without prior notice and without incurring any liability. Additional conditions and limitations apply.
Last edited by TheRide on Sep 23rd, 2018 10:25 pm, edited 2 times in total.
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So you are saying in this deal, you are paying ~$500 per month but past promo had it for $349-$389/month? Think you just answered your own question whether this is a good deal or not.
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peteryorkuca wrote: So you are saying in this deal, you are paying ~$500 per month but past promo had it for $349-$389/month? Think you just answered your own question whether this is a good deal or not.
They're not the same models. As mentioned in my post, the previous deals are for the base FWD model. This is for the AWD model. Also not sure how you got the ~$500 per month...the previous deals are before tax.
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TheRide wrote: They're not the same models. As mentioned in my post, the previous deals are for the base FWD model. This is for the AWD model. Also not sure how you got the ~$500 per month...the previous deals are before tax.
$2600 deposit divided by term
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I got the FWD deal in 2017. Overall it's a great vehicle for the price, especially considering it's a 2 year lease.

At the time they were offering 20,000 kms and I upgraded to 24,000kms (I think it added ~21$/mo extra). Depending on your needs, I'd be a bit concerned about 16,000kms. What is the extra cost to upgrade ?
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krypton wrote: I got the FWD deal in 2017. Overall it's a great vehicle for the price, especially considering it's a 2 year lease.

At the time they were offering 20,000 kms and I upgraded to 24,000kms (I think it added ~21$/mo extra). Depending on your needs, I'd be a bit concerned about 16,000kms. What is the extra cost to upgrade ?
Thanks for the feedback. For me, 16,000 shouldn't be an issue but I agree that it can be a concern for others. If I find out the additional cost, I'll post it. I hear the 2020 model will have a mid-year face lift among other changes. Would you lease the XT5 again when your lease is up?
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peteryorkuca wrote: $2600 deposit divided by term
OK thanks. Did some quick math for each promo including this one (monthly cost + HST (13%) + deposit divided by term):

FWD
$349 promo- $456.87/mo
$369 promo- $479.47/mo
$389 promo - $593.74/mo

AWD
$438 promo - $649.11/mo
$199 bi-weekly promo (factored 26 payments a year) - $539.51/mo
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Based on the ad/promo, you can still negotiate for further discount on dealer side ? Right? If so, those #s can come down even more
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Maybe you can use GM preferred pricing to bring the price down?
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Tha_Doggg wrote: Maybe you can use GM preferred pricing to bring the price down?
Correct. People have done that in the past and got at least $50 off per month. Might try to haggle lower as bobblehead mentioned and stack PP on top.
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...Bi-weekly payment is $199 for 24 months at 3.9% interest rate on approved credit to qualified retail customers by GM Financial. Annual kilometre limit of 16,000 km, $0.16 per excess kilometer. $2,600 down payment is required. Cost of borrowing is $2,850.00 for a total obligation is $12,914, plus applicable taxes.
Trying to figure out the math in the fine print.

$199 x 26pmts x 2 yrs = $10,348.
Total Obligation = $12,914
Difference = $2,566

If anyone can shed some light on the numbers, it would be helpful.

My initial thoughts: $10,348 + HST = $11,693. Monthly = $487. Add downpayment of $2600 results in effective monthly payment of $595.
Last edited by skeet50 on Jul 24th, 2018 4:47 pm, edited 1 time in total.
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skeet50 wrote: Trying to figure out the math in the fine print.

$199 x 26pmts x 2 yrs = $10,348.
Total Obligation = $12,914
Difference = $2,566

If anyone can shed some light on the numbers, it would be helpful.

My initial thoughts: $10,348 + HST = $11,693. Monthly = $487. Add downpayment of $2600 results in effective monthly payment of $704.
$704 is quite high. I know this is 24-month lease (so higher monthly payments than 36+ month lease), but unless you are in special situation or you really want to change cars every 2 years, why would someone go with a shorter term lease with higher payments?
You can have a lot of options if you consider $704/month on 3 or 4 year lease.
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TheRide wrote: Thanks for the feedback. For me, 16,000 shouldn't be an issue but I agree that it can be a concern for others. If I find out the additional cost, I'll post it. I hear the 2020 model will have a mid-year face lift among other changes. Would you lease the XT5 again when your lease is up?
If I can get a comparable price that I paid in 2017, then definitely yes. In fact I'm hoping there is a similar deal mid next year. I had to make a couple of trips to the dealer for minor issue, but everything is covered under warranty and you'd probably expect similar with other manufacturers. It was my first time leasing.
It's a nice car in its class, and considering it's a 2 year lease with maintenance included, I would lease again. I also qualified for PP which brought the price down.

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