CAR LEASING FAQS

Leasing FAQs: What you need to know
When it comes to Cadillac lease specials, it’s impossible to beat Coulter Camelback Cadillac. As the first and only choice for Cadillac enthusiasts throughout the greater Phoenix area, we’ve redefined what it means to provide first-rate Cadillac sales and service. For the past 95 years, Coulter Camelback Cadillac has led the way with numerous budget-friendly Cadillac lease offers that allow people to own a one-of-a-kind and once-in-a-generation Cadillac.
Whether it’s the outstanding lineup of premium luxury Cadillac sedans like the Cadillac CT4 and CT5, the unbelievable selection of high-performance Cadillac SUVs like the Cadillac XT4, XT5, and XT6, or the out-of-this-world performance of the Cadillac LYRIQ, and supercharged, all-powerful and imposing Cadillac Escalade, Coulter Camelback Cadillac has always been synonymous with great service and fantastic deals.
So, as someone interested in a Cadillac LYRIQ lease, our incredible Cadillac Escalade lease specials, or wanting to know more about our Cadillac XT5 lease conditions, you’ve come to the right place.
FAQs:
What Is Car Leasing?
A car lease is an agreement between yourself and the Coulter Camelback Cadillac dealership where you make monthly payments in exchange for having a new Cadillac of your choice. While it is somewhat like a loan, there is an important difference. With a loan, you own the Cadillac after you’ve made your final loan payment. However, with a lease, you have the option to buy your Cadillac, or return it to our dealership and explore new features with another new Cadillac lease.
Leasing could be a much better option than buying a car outright for some drivers, as it allows you to pay a more affordable, lower monthly payment instead of a larger upfront payment to cover the Cadillac’s total cost.
How does credit affect car leasing?
Your credit rating or credit score defines your creditworthiness and ability to meet the required monthly payments. It plays a critical role in car leasing. The higher your credit score, the more likely you’ll be approved for the Cadillac lease. If your credit score is lower, you may be required to make a larger downpayment.
How long is a car lease?
While there are some car leases where dealerships allow for a term of up to four to five years, at Coulter Camelback Cadillac, a Cadillac XT5 lease is typically two to three years – or 24 to 36 months. While there are some exceptions, it’s best to go with our standard two to three-year Cadillac lease offers as the payments are typically lower, and you’re able to quickly upgrade your Cadillac with a newer one more frequently – if you choose to.
What do you need to know before leasing?
Before you decide on a Cadillac LYRIQ lease or our Cadillac Escalade lease specials, it’s important to be aware of your driving habits. First, every Cadillac XT5 lease defines a specific annual mileage for the duration of the lease. When you lease a Cadillac from Coulter Camelback Cadillac, we provide you with an annual mileage amount. If you come under this annual mileage amount, you will not pay any additional fees if you decide to return your Cadillac at the end of the lease.
Understanding your driving habits means knowing how many miles you typically drive each year. People who drive longer distances are more likely to exceed the mileage allowance than people who only drive their Cadillac closer to home. Second, it’s important to ensure you can afford the monthly payments, and third, always understand how a larger down payment can help reduce your monthly payments during the lease.
Finally, we will help you understand what type of insurance coverage you need while helping you understand the residual value of your Cadillac at the end of the lease.
What if I want out of my lease early?
Answering this question largely depends upon the type of Cadillac leasing agreement you have with our dealership. You may be able to get out of your lease early, provided you trade in your current leased Cadillac for an upgrade. However, if you choose not to trade in your current leased Cadillac, then you will likely have to pay for the remaining months left on your lease. However, it’s important to note that our dealership is flexible, and your best option is to trade in your current Cadillac for a newer model.
Can a car lease be extended?
Yes, at Coulter Camelback Cadillac, our Cadillac lease specials allow you to extend your Cadillac lease one month at a time for up to six months after your original lease ends. Once the six months have passed, we will work with you to help you finance your Cadillac if you decide to keep it. Our financing options are similar to a loan and will allow you to continue making monthly payments until you own your Cadillac out-right.
Take Advantage of Cadillac Lease Offers at Coulter Camelback Cadillac
At Coulter Camelback Cadillac, our sales and finance team is more than willing to meet with you in person to answer any additional questions you may have about our numerous Cadillac lease offers. We’ll outline our Cadillac lease specials, help you choose a Cadillac to test drive, and then work out a favorable and affordable lease agreement.
If you live in the greater Phoenix area and want a Cadillac dealership that will always put you first with customer-centric and budget-friendly Cadillac leasing specials, call our sales team or contact us online.