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I've been leasing Cadillacs for 20 years, so I know lease parameters. A $48k vehicle should lease for $550-600/month. 10k miles 36 months No money down. Great credit score. My quotes from dealers are $850-675. Just terrible. Now if you are going to buy a 2020 Palisade at almost MSRP, you are way better off buying a 2021 Palisade. The minute you drive that 2020 off the lot you are driving a 1 year old car. Not with the 2021. If I'm getting a 2020 I have to lease it. Let the bank take the depreciation. If I could get a 2021 with 72 month no interest, you have to take that.
 

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I’ve considered leasing but I can’t ever make the numbers work for the miles we drive. Usually a 4th year is a good ‘tipping’ point for trade-in when you buy, provided you finance for 60mos. and don’t go over 100K miles. There aren’t many 4 year old vehicles that won’t hold 20% of their value at say 90K miles. Will a 2020 Palisade with 90K miles be worth $10K in 2024 as a trade in? Probably.
 

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I'm leasing mine. $41k MSRP SEL, paying $475 /mo plus tax with $0 up front after post sale rebates for a 36/12.


The problem with the palisade and leasing isn't that the residuals are poor(they actually are quite reasonable, usually hovering around 60% for a 36 month lease, mileage dependent), but rather limited incentives, relatively high money factors, and often low negotiated pre-incentive discounts.
 
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