2013 Cadillac ATS End-of-Lease Decision

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Thread: 2013 Cadillac ATS End-of-Lease Decision

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    2013 Cadillac ATS End-of-Lease Decision

    I'm looking for some advice.

    The 3-year lease on my mother's 2013 Cadillac ATS 2.0T Luxury (Black Raven/Caramel) is up in one month. It's got about 19k miles, so it's well under the 30k cap. I'm trying to decide whether she should consider buying the car, and if so, how to go about doing it.

    The car's been pretty good overall. It did, however, leave her stranded once, because the fan quit and it overheated.

    The lease is with Ally. The buyout is $26,480, which from what I can tell from checking other used ATSs, is pretty high. I'm thinking it might be a good idea to take it to Carmax for an appraisal.

    My questions are:

    Should I expect Ally to be flexible on the price?

    If so, what's a reasonable price?

    How do I get the ball rolling? Do I contact Ally directly, or do I need to deal with a dealer from the get-go?

    My father passed away in December. He was very much a Cadillac man and was excited to get my mom her first Cadillac. It ended up being the last car he got for her. She loves it, and there's some emotional attachment because of the circumstances.

    Whether she buys the ATS or something else, we're not looking to lease again. It's just a matter of what to buy.

    Thanks!
    Last edited by Murrow; 05-22-2016 at 07:50 PM.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    You don't need to involve a dealer at all, just contact Ally, you can actually start the process now.

    I bought my Silverado out 6 months early, it takes a few weeks, with all the back-and-forth paperwork, but in short.

    1) You contact them indicating you want to pay-off/buy-out the lease, they give you the total price (sales tax any fees, etc.)
    2) You mail them a Bank Check.
    3) They mail you purchase agreement to sign, mail that back.
    4) They send you their title signed over to you.
    5) Go to your DMV and apply for new title in your name.

    I don't think you will have any luck getting it for a lower price, but you can try. The price probably is a little high, but there is value in knowing the history of the car, on top of the sentimental value.

    Assuming you mother is in a decent financial situation; would she rather have a similar ATS, with an unknown history, that her husband didn't buy her and an extra $3,000 or this car?

    When my mom passed away, there was no-way my dad was selling her car, it took about 2 and it really starting to act up, before he would part with it.

    Keep us posted on your decisions and developments.

    Good Luck,
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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Thanks, ED.

    It's definitely her current car or a new car. I would not buy her a used Cadillac with an unknown history. Even if she bought her current car, I would want to get her an extended warranty next year.

    I'm thinking Buick Verano/Buick Regal/Acura ILX would be good new-car options for her. I like that those brands have 4-year warranties and loaner cars for service, especially since we live far apart, at least for now. I've been eyeing a really nice Verano with leather and all the safety options advertised for $26,500. That's what really had me thinking buying her current car less of a good idea.

    All that being said, she tells me all the time how much she likes driving her, so we'll see what happens.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    You you lease a new ATS'?

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    The buy-out price is not non-negotiable. I found that out when the lease on my 05 CTS expired.

    The main question though is, I think, does your Mother LIKE HER CAR?. If so, maybe she'd like to keep it?
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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Quote Originally Posted by megeebee View Post
    The buy-out price is not non-negotiable. I found that out when the lease on my 05 CTS expired.

    The main question though is, I think, does your Mother LIKE HER CAR?. If so, maybe she'd like to keep it?
    My understanding is that some companies are more willing to negotiate than others, with some never willing to dicker. I'd think it would be easier to negotiate with a lessee than send a car to auction and roll the dice. Of course, I don't know all the factors.

    She does like the car. I just worry about things starting to break down the line.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Ally isn't going to budge. US Bank will.

    In most cases on these ATS, it doesn't make sense to buy them out. You are going to pay too much for what its worth. Jump into another ATS lease if she still likes her car and she will get all the benefits of the changes they have made over the past three years.

    Definitely get it appraised, but I highly doubt it will appraise for more than what you are expected to pay. In Texas you have to pay sales tax on the buy out amount. SO its the buy out amount + taxes + registration fees.
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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Quote Originally Posted by Murrow View Post
    Thanks, ED.

    It's definitely her current car or a new car. I would not buy her a used Cadillac with an unknown history. Even if she bought her current car, I would want to get her an extended warranty next year.

    I'm thinking Buick Verano/Buick Regal/Acura ILX would be good new-car options for her. I like that those brands have 4-year warranties and loaner cars for service, especially since we live far apart, at least for now. I've been eyeing a really nice Verano with leather and all the safety options advertised for $26,500. That's what really had me thinking buying her current car less of a good idea.

    All that being said, she tells me all the time how much she likes driving her, so we'll see what happens.
    Has she or you driven the Verano? That sounds tempting.

    Everyone does sentimental differently. A car that strands me has sentimental value too, but it's a negative value.

    Keep us posted!
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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Neither of us has driven the Verano, but I've sat in it at car shows several times. It's a classy little car that seems more substantial to me than the ILX. It strikes me as having lots of nice features in a compact, easy-to-park package. I believe it's also gotten good reliability ratings. She might, however, want something a little bigger for shuttling grandkids.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Have you considered the 2016 Buick Encore? Buick currently offers good incentives on it.
    http://www.buick.com/current-offers....-zipcode=51501
    Last edited by gmmerc5; 05-22-2016 at 04:28 PM.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    What type of engine does your mother have in the ATS? Have you talked to her about other options?

    If it is a lease, I might part with the car and go with an updated ATS with an 8 speed unless your mother wants something else or she is dead set on the current car she has now. Of course, it is good to know you have an option to buy out the lease also.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Quote Originally Posted by Murrow View Post
    Neither of us has driven the Verano, but I've sat in it at car shows several times. It's a classy little car that seems more substantial to me than the ILX. It strikes me as having lots of nice features in a compact, easy-to-park package. I believe it's also gotten good reliability ratings. She might, however, want something a little bigger for shuttling grandkids.
    Funny, I asked a guy at the Shell station who was fueling up his Verano how he liked it.

    He said OK, it's his wife's car, he likes his car lots better. He has a Park Avenue Ultra, white diamond tricoat with the Buick portholes, that stays in the garage most of the time.

    "Why can't they build cars bigger? That car is bigger and it rides lots better. These little cars..."

    THAT is the crowd that JdN and Ewe and General Lee and all the status-wanting SoHo Clueless Corpss (s is pronounced per executive proclamation) have discarded in search of a much smaller cohort of Millenials who have the bucks to buy big.

    I saw complaints here about the Genesis and how it rides. Too soft.
    THAT is the kind of car this guy would probably look at, if it were American. I'm pretty certain that Ultra will either be inherited or go to an estate sale, because he ain't letting it go.

    Not everyone wants a 'ring-qualified downsized car. Not everyone wants a spute.
    Last edited by Neanderthal; 05-22-2016 at 06:16 PM.
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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Quote Originally Posted by johnls_39 View Post
    What type of engine does your mother have in the ATS?
    It's the 2.0T. I'll edit my original post to include that information. When they got the car, my dad wanted to make sure he got one with 2 tailpipes.

    The turbo is one of my long-term reliability concerns.

    Quote Originally Posted by gmmerc5 View Post
    Have you considered the 2016 Buick Encore? Buick currently offers good incentives on it.
    http://www.buick.com/current-offers....-zipcode=51501
    I mentioned it to her the other day. She hadn't really thought of a CUV. I've sat in it before. I think the Encore might be a little too small, and I've personally never been a big fan. The dash turns me off, but I haven't given it a good look since it first came out. It's probably worth considering.

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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Quote Originally Posted by Murrow View Post
    Thanks, ED.

    It's definitely her current car or a new car. I would not buy her a used Cadillac with an unknown history. Even if she bought her current car, I would want to get her an extended warranty next year.

    I'm thinking Buick Verano/Buick Regal/Acura ILX would be good new-car options for her. I like that those brands have 4-year warranties and loaner cars for service, especially since we live far apart, at least for now. I've been eyeing a really nice Verano with leather and all the safety options advertised for $26,500. That's what really had me thinking buying her current car less of a good idea.

    All that being said, she tells me all the time how much she likes driving her, so we'll see what happens.
    I guess you have to gauge the "sentimental factor" more to figure out which way you are going, I just know with my dad, no-way was he selling "moms car" at that time and for the same reason there is a 25 year old Surf Blue Ford Festiva sitting in the yard at my M-I-L's house..............
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    Re: 2013 Cadillac ATS End-of-Lease Decision

    Quote Originally Posted by Neanderthal View Post
    Funny, I asked a guy at the Shell station who was fueling up his Verano how he liked it.

    He said OK, it's his wife's car, he likes his car lots better. He has a Park Avenue Ultra, white diamond tricoat with the Buick portholes, that stays in the garage most of the time.

    "Why can't they build cars bigger? That car is bigger and it rides lots better. These little cars..."

    THAT is the crowd that JdN and Ewe and General Lee and all the status-wanting SoHo Clueless Corpss (s is pronounced per executive proclamation) have discarded in search of a much smaller cohort of Millenials who have the bucks to buy big.

    I saw complaints here about the Genesis and how it rides. Too soft.
    THAT is the kind of car this guy would probably look at, if it were American. I'm pretty certain that Ultra will either be inherited or go to an estate sale, because he ain't letting it go.

    Not everyone wants a 'ring-qualified downsized car. Not everyone wants a spute.
    Lacrosse/XTS seems plenty big to me.

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