Is the ONLY reason you want to do this to bring down the pitch to your register temproarily while you track?
If you do not need the track to slow down as well (which to me would make things less accurate and possibly introduce more artifacts than what I am about to suggest)...
Just do what Craig said kind of sort of BUT without the timing stuff.
So...
1) Do a Bounce to Track (to a new track) of all the necessary tracks in the project for you to sing the part accurately. The less tracks included the better the quality will be when you transpose down.
2) Solo the newly bounced track/mixdown. This is your backer track you will sing over top of. BTW before you bounce make a mix that will benefit you most while recording your vox... kind of like a headphone mix.
3) (Optional) Make a copy of the clip in the bounced track and put it in a new lane in the track. This is so you retain a copy of the original bounce in case you need to try a different transpose method. Mute the original clip so you can only hear the copy in the bounced track.
4) There are multiple ways to transpose a clip in Sonar these days. There is the DSP Transpose function (in the Process Menu), there is Melodyne, there is V-Vocal (if you have it installed) and all the synths/samplers. Try the Process > Transpose option first. It's probably the easiest and works well.
5) Transpose down by the amount required. Use an exact transpose value in semitones. Not Cents and make a note of how many semeitones you went down by (so you can transpose up easily later).
6) Create, solo (leaving the bounced track soloed as well as your backer track) and arm a new track. Record the track. There is no timing changes so the part does not have to be sung slower or anything. Real time speed (which is the whole point of this post as opposed to the other time warp methods)
7) Once the part is recorded and edited you can use any of the pitch tools mentioned earlier to transpose your vocal track up to the project pitch. Unsolo and mute the Bounced "backer track" and unsolo the new vocal track for the transposition process.
8) For the transposition I would say Melodyne is probably the best option because the quality is good and you can also correct any off pitch notes in the process. If you use Melodyne be sure to use Bounce to Clips after the pitch change. If it sounds weird try going into the Inspector (press I), open the "Clips" tab, Click the "Audiosnap" sub menu and with the clip selected change the "Offline Render" to something else (like if it was Radius mix "Bass" switch to Radius Mix "Vocal" or whatever works best). If you use DSP Transpose you don't have to worry about it because it bounces itself.
tl;dr
Bounce a mix of the project.
Transpose that clip down using Process > Transpose or Melodyne by specific interval
Record vox to downtuned mix track
Transpose vocal clip up to original project material and mute/delete the downtuned back track.
If you want REAL varispeed (where everything slows down too)... use Reaper. It's got a Varispeed fader that's ridiculously simple to use.
Cheers.