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Old 01-31-2015, 03:43 PM
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lease a 2015 or wait until 2016?

I will be ready to lease around March or April. When do the 2016s come out? I would hate to get a new vehicle and then it immediately be an old vehicle

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Old 01-31-2015, 07:51 PM
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Re: lease a 2015 or wait until 2016?

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Originally Posted by Mike-Mike View Post
I will be ready to lease around March or April. When do the 2016s come out? I would hate to get a new vehicle and then it immediately be an old vehicle
AFAIK, sales launch for MY16 is currently scheduled for December.

Last time I checked, lease rates for MY15 were quite good - certainly better than when I leased in November.
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Old 01-31-2015, 10:02 PM
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Re: lease a 2015 or wait until 2016?

Lease rates are excellent right now. On my 2015 Overland I got:

.00022 money factor (about .53% interest rate)
53% residual

This was a 36 month, 15k mile lease for the CRD. On the hemi, residual is 52%.

Nothing due at signing except the first month.


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Old 01-31-2015, 10:22 PM
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Re: lease a 2015 or wait until 2016?

Quote:
Originally Posted by torifile View Post
Lease rates are excellent right now. On my 2015 Overland I got:

.00022 money factor (about .53% interest rate)
53% residual

This was a 36 month, 15k mile lease for the CRD. On the hemi, residual is 52%.

Nothing due at signing except the first month.
Those were the numbers I was initially hoping for and especially the residual they are now using on Overland and Summit is far more realistic.

I don't feel too bad though. After all, my higher monthly payments mean that I'm probably able to trade in my lease in 2 years from today without negative equity - and that would be after after only 27 of the originally scheduled 39 months.

At least that's what I came up with when comparing the current numbers on a 2-year lease two what I've paid 2 years from now (27 payments)...
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Old 01-31-2015, 10:38 PM
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Re: lease a 2015 or wait until 2016?

I just leased my overland. How do I calculate the money factor?
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Old 02-01-2015, 07:08 AM
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Ok, this is what I was looking for. I could wait until June or July, but December is a long ways away
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Old 02-01-2015, 09:10 AM
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Re: lease a 2015 or wait until 2016?

Mike-Mike, it sounds like your best choice is to go for the MY15. If you want to take delivery in March/April, you may want to consider placing your order 4-8 weeks prior to your target date if you are going to order "exactly what you want".
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Old 02-01-2015, 09:29 AM
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Well I need it by June. So I figured I would order by March/April, hoping they have an end of quarter deal.

My daughter should have her license by June and I am going to give her the Cadillac
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Old 02-01-2015, 10:27 AM
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Re: lease a 2015 or wait until 2016?

Your daughter is going to be a very popular girl.
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Old 02-01-2015, 10:39 AM
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It's a 2011 Cadillac CTS AWD Premium, so it is pretty sweet. However I got a good deal on it buying it used. They don't keep their resale value very well either.

Her mama insist she have AWD and not too many miles and not too old. So using that criteria their isn't a huge gap between the value of the Caddy and a used car that fits her mama's requirements.
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Old 02-01-2015, 01:38 PM
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Re: lease a 2015 or wait until 2016?

I think that was a good decision on your part relative to a ride for your daughter. We'll have to be thinking about this same thing later in the summer when your youngest turns 16. AWD and something "newer" is going to be a requirement here...too many safety issues with older vehicles these days.

It sounds like your timing plan will also work.
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Old 02-01-2015, 01:45 PM
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I was giving her driving lessons last night and repeatedly expressed the importance of not getting too close to the curb. Talked all about road rash and flat tires.

So of course today not paying attention I rubbed a curb putting road rash all over the front wheel.
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