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Thanks
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks,
Carl
NY area. Also pls give me #'s for AWD XLE MSRP 36,299, selling price 31,500 after rebate. Thx
If I'm going to pay $400 a month for 36 months, thats $14.4k towards lets say a $41.4k 07 Limited pk#3 with the Arctic Frost paint that carries an invoice of $36.7k. Thats leaves $22.3k as a residual. Considering the credit crunch and mortgage mess going on now, if you have excellent credit this should be the deal. If not walk away.
Also, no money down other than taxes - thats pure profit to the dealer. Forget about money factors and what they say the residual is - you determine that by the payments you make for the lease period. Those factors are there for there profit - on top of the profit they make when they sell the car to the leasing agency. If the dealer is selling the car to a Leasing Agency at $1800 below invoice - they are still taking away a nice profit. There are hidden incentives that we don't know about for leasing transactions.
happy motoring
I almost forgot, Always do your car business on the 2nd to last or last day of the month...always.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks a lot!
Thank you for your help...I have been on these forums (EDGE and MAZDA CX 9) for a while...now my wife is definitely in for the Sienna...
...XLE LIMITED AWD with EVP #1,beautiful...sticker is $39,504.00...local dealer offered at $36,950..I wonder if it is a fair price. I am dying to get out of my EXPI 05 lease and I still have 5 payments plus $250 termination fee...I was given 3 yera lease 12k,$8000 down $482 monthly including tax and gap insurance....any one care to opine?...please do...
Do not keep/buy the car when you are done, I have only known a couple of folks that have done that and both have regretted it.
Just my $.02
I would like to pay minimim down(inception)
what should be the monthly numbers like for a 36 or 42 month lease..
I see varying invoice prices from 35-38K..
live in Northern NJ, and dealing with car salesmen is not very charming..what are your experiences..
Thank you in advance
$36900,3 year lease 12k a year and $485 including gap and taxes. I don't think it will include TTL or reg...let me know how you do. I would have taken it but my 05 EXPI is not due until April 08 and I will probably give in towards the end of the year,that Limited in silver was really nice..
I really dislike the experience.
thanks in advance
msrp 40804
sales price $37237
term 36 months
miles per year 12K
payment $549 (with approved credit)
inception fees $1658
Lease program - all taxes and fees included.
No vehicle termination or disposition fees due
at the end of the lease. 1st month payment included in inception fees.
Ralph L.
I have to give credit to nomad,great guy that did put me to this great deal. I was going to plunge into $8k initial payment and then $485/month but that before Oct 1st and my new friend Bali. good luck to all of you.
Toyota sales for the vans are 23% down,can't figure why since the Honda does not have as many bell and whistles but I think that is also cheaper..
Well being on this forums was a valuable expirience and profitable too..
Running these the 54.6%/.00128 on your deal, I calculate that your capitalized cost was $2k over invoice, which is ok. Of note, calculating your deal with the Acadia's residual % and lease rate increases your pmt by $60/month.
The money factor is around 0.0026.
With the money factor ( I think it is a teaser rate) that you mentioned what they do is, they mark the car up at least 1-1.5K invoice or more..
If you can get that type of deal with sales price $500 over invoice with the money factor you mentioned, you gonna have a slam dunk deal as your monthly payments should be at least $40-50 below my monthly payment.
BTW, my local GMC dealer quoted me $769/month on a loaded Acadia which implies a cap cost of $500 above MSRP. This is despite the manager knowing that I have bought 5 vehicles from the dealer over the last 12 years (has several brands). The Acadia lease works out to $8k more over 3 yrs than what the Sienna will cost me despite the Acadia having an MSRP of only $2.9k more.
You should be able get those vehicles thousands dollar below invoice(rebates, holdback etc) and he quotes $500 over MSRP? Good luck in his future endeavours:-)
After seeing Sienna, I would never think about buying an SUV..
Give me your e-mail and we will arrange you to get a Toyota Sienna like my new buddy svofan..
The key is to cut the deal with the business development manager/internet sales manager.. If you call sales people, you will most likely get bad quotes..
By the way it was my easiest/quickest car leasing/buying experience in my 20 years of driving:-)
Also they make $500 over invoice..
Add all these figures up, it is still good profit.
I am sure there are other incentives for the dealers that we do not know.
Things will only get worse to the end of the year so I am sure there will better deals in Siennas but we needed the car pronto.
The TFS lease money factor without cash back is a pretty good 0.00158 (~3.8%), but the residual on the 38,200 cap cost is a dismal 46%. With such a low residual, the advantageous lease MF gets eaten away.
Is this just an example of Car Man's admonitions here that TFS has restrictions on what options can be residualized? Or is this a case of a dealer hitting the wrong keys on the financing screen?
I suspect that the special 2008 leases some other territories are getting now will come to ours soon, perhaps early Novemeber. At least I can wait!
Still curious about the low 2007 residual, though.