Cadillac has released the first national lease offer for the 2016 CT6 full-size sedan, with qualified lessees can get into a 2016 CT6 1SD for $629 per month for 36 months, with $4,949 due at signing.
To note, the 1SD trim level is the Luxury trim level equipped with the naturally-aspirated 3.6-liter V6 LGXÂ engine with all-wheel-drive, and the MSRP of the vehicle is $60,395.
In addition, the 36 monthly payments add up to $22,644. Combining the $22,644 in monthly payments with the $4,949 down-payment, the total amount paid for the lease (without any potential overages and not including the disposition fee) is $27,593.
Last month, ALG assigned residual values to the 2017 Cadillac XT5 and 2016 Cadillac CT6 that were lower than direct rivals as a result of Cadillac’s weaker brand image compared to its rivals in the luxury vehicle space.
- Example based on survey
- Each dealer sets own price
- Your payments may vary
- Payments are for a 2016 Cadillac CT6 1SD with an MSRP of $60,395
- 36 monthly payments total $22,644
- Option to purchase at lease end for an amount to be determined at lease signing
- Lessor must approve lease
- Take delivery by 06-30-2016
- Lessee pays for maintenance, repair, excess wear and disposition fee of $595 or less at end of lease
- Payments may be higher in some states
- Not available with other offers
- Residency restrictions apply
Comments
I don’t know anything about leasing, but is that a common practice that after the lease, people have to pay for repairs? Should that be under warranty or it depends on what it is?
It depends on the warranty an lease term.
If the lease period is within the warranty period, then everything is covered.
If the lease period extends beyond the warranty period (not very common), then the vehicle is out of warranty and customer pays for repairs.
And if someone buys a vehicle that had previously been leased and its not verified pre-owned and it is within the warranty period (age or mileage), then it gets the remainder of the warranty. If it is out of warranty range, then it is out of warranty.
Does that make sense?
Thanks Alex.
Over $9,000 per year? You got to be kidding. For a car that has yet to prove its reliability across the entire brand? I don’t think so. Get real Cadillac! When you put reliability and build quality into your exciting products, that’s when they will represent a good value and have the credibility you seem to not be serious about.
What makes you think the car is not going to be reliable and with bad build quality compared to its other models which does not indicated anything you said? Sounds like you are talking out of your own ass.
The Omega is a brand new platform that has not proven itself yet and too soon to judge.
What a deal people will get buying one of these that comes off of lease with 36,000 miles on it plus or minus a few miles . And as long as it has less than 50,000 miles on it you will get Cadillacs extended warranty of 5 years .
And with low residuals it’s going to be a steal of a deal .