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Comments

  • nd4spd2nd4spd2 Member Posts: 1
    Carman,

    Hope all is well. Two requests-
    1)Pls provide the 36/42 months MF and RV @ 12K miles (in the Cleveland, OH area) for the fol rides
    1. 2003 G35 Sedan w/Leather
    2. 2003 A4 3.0 Quattro

    2)Put together a spreasheet and want to confirm its working. These inputs (for example... G35)
    - MSRP - 34025
    - Sales - 33025
    - MF - .0014
    - RV - 55%
    - Mo - 36
    output a monthly pymt of $464. Do you get the same result?

    Thanks for the assist
  • roxrepsroxreps Member Posts: 35
    Carman,

    My husband is on the computer every night doing "research" for our next car. He tells me he's writing to you. Well, all I keep hearing about is this Allroad, but I think I should have a say and I like the A6 Avant. He's telling me I should do my own research, so I am. Could I please have the numbers for the A6 Avant, (residuals and money factor?) if I were to lease for 39/42 months with 15,000 mile driving per year? (I really don't know what this means, but I'm supposed to ask you anyway).

    Thanks alot Carman (is that your real name?)
    RA
  • max63max63 Member Posts: 76
    Carman, need some help
    MDX, 48 month lease,15k, res. MF, Touring with nav.
    Pilot 48 month lease, 15k, res, MF, EX-L with nav.
    Thanks!!
  • gogoreagangogoreagan Member Posts: 10
    Hey CarMan:

    I have been searching for the best deal on a 2003 Lincoln Aviator 2wd. You have been giving me some great advice while negotiating this lease.

    The dealer here in Houston called me today and told me that he would lease me any Aviator for 2% over invoice with an additional $3000 rebate which puts it at below invoice. He also said that there is a $1000 rebate if I leased through Ford Credit. 5.25 APR, Zero down, + t,t,l. Invoice for Limited is $38,520 and Premium is $40,941 including options. He has not given me a monthly payment yet, but what would you think is a fair monthly payment based off the information listed above? And should I be suspicious of anything that I have been offered.

    I hope this all made sense and as always, Thanks!!
  • tparkitparki Member Posts: 9
    I heard its not the brightest idea to lease an Escape. Could you give me the current numbers for 36/15000 on the Limited and the XLT. Also what are the current incentives and are they giving another incentive for owning a non-Ford vehicle? Thanks a lot.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Jvv, the numbers that I provided you with are indeed correct. Audi's July lease program has a little regional variation in its numbers for the 2003 model year A4, but all of its other models' lease money factors and residual values are available nationally, including your home state of California. These numbers are definitely correct, both you and the person who you are working with at the dealership will know it if they know what they are talking about. There really isn't any way to prove that this is the case, but if you threaten to shop around, I personally don't think that you will have much difficulty finding a dealership that is willing to lease you this car using AFS' base program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Bill G. Unfortunately, I have not seen any July lease rates or residual values from General Motors for the 2004 Chevrolet Corvette. This is such a new vehicle that they may not have published anything for it yet. Even if they had, GM's lease program on Vettes is never very attractive. There is a very good chance that you would be able to get a better lease on one through a bank other than GMAC. Sorry that I couldn't be of more help.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, rwright. Here is the new informaiton that you are looking for. If your parents were to lease a 2003 Acura TL without Navigation through American Honda Finance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00092 and 58%, respectively. This special lease program is only available for leases of up to 36 months in length, so it really does not make sense to lease this model for any longer than that right now. Acura is not providing any sort of special lease money factors on the 2003 CL right now. However, they are providing $1,000 dealer cash on it that may be used to negotiate a lower capitalized cost if your parents were to lease it. AHFC's July money factor and residual value for a 36 month, 12,000 miles per year lease of a 2003 Acura CL without Navigation should be .00205 and 52%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00205 and 49%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You certainly seem to have a very good understanding of how leasing works, normalo. You are absolutely correct, assuming identical lease money factors, which is very likely given the fact that Mercedes-Benz has only been providing special factors on a handful of models lately, and similar selling prices it would actually be less expensive to lease a 2004 model than it would be to lease a 2003 model right now.

    Mercedes-Benz really is not providing any sort of support on the 2003 E-Class, however Infiniti is at least providing a little lease support on 2003 G35 Sedans (though no support on the more attractive - in my opinion at least - G35 Coupes yet).

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Chuck. Even though Acura is not providing any sort of lease support on the 2004 TSX yet, the lease money factor that you were quoted is too high. American Honda Finance Corp.'s standard money factor actually improved for the month of July. Its 3 year, 12,000 miles per base money factor and residual value for a 2003 Acura TSX without Navigation should currently be .00205 and 64%, respectively. It appears as though the dealer that you are working with is marking up AHFC's base money factor to add additional hidden profit to your deal, which is not uncommon especially with vehicles that are still relatively popular like the TSX is. If you insist upon your dealer leasing you this car using AHFC's base money factor and there is any sort of competition for your business in your area you should be able to get them to provide you with the more attractive factor.

    Car_man
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  • rttuckerrttucker Member Posts: 10
    Car_man,

    In a past post on 13JAN03 (#5340), you gave leasing information for the 9-5 Aero wagon: 0.00037, and 51%, for money factor and residual value, respectively (3 years/15,000 per year). Are these leasing factors still valid for July? Are there additional leasing incentives available for the 9-5 Aero wagon? Thank you for your help.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again bimmaboy23. According to my calculations, if you were to lease a 2003 BMW330i (MSRP: $40,445 / Cap Cost: $37,830) through BMW Financial Services this month for 3 years with 15,000 miles per, your zero down, pre-tax monthly lease payment should be around $527, assuming that you make only one security deposit. If you were to reduce your mileage allowance to 12,000 miles per year, the payment would drop to around $505 for this term.

    As far as multiple security deposits go, on July 1st, BMW's new, worse, MSD program went into effect. BMW FS now allows up to a total of 5 additional security deposits to be made on a vehicle, with each additional deposit lowering its money factor by .00005 (much worse than the .00010 up to 9 deposits that the program used to provide). So, if you were to put 5 additional security deposits down on this vehicle, the aforementioned monthly payments would drop to $512 and $490, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Phil. Unfortunately, GM's normal consumer cash incentives are not compatible with General Motors Acceptance Corp.'s lease program, here in the U.S. at least. GM does frequently provide separate lease cash that may be combined with its lease program though. It also has provided bonus cash allowances on a number of vehicles lately that may be used in conjunction with GMAC leases.

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  • thebackrowthebackrow Member Posts: 2
    Hey,

    I think I got hosed (didnt know what I was doing and my "friend" said his dealer friend was giving me a good deal. i havent spoken to him in a year) on my 2001 Jeep lease of 390 a month for 448 months and it was pretty much the base trim. Anyway, I have almost 2 more years left on it and I would love to get rid of the car. I am allowed 12k mi a year, but I already have 30k when in September when Im supposed to have 24000. ANy suggestions on how to pay this off and what a potential cost would be to myself? Thanks a lot
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey multiplechoice. Toyota is not providing any sort of lease support on the 2004 Sienna right now. So if you were to lease one through Toyota Financial Services this month, you would have to use its standard lease program. You may actually find that it is cheaper to lease this van through a different bank, but here is the TFS program anyways. According to the latest info that I have seen, Toyota Financial Services' 3 year, 15,000 miles per base lease money factor and residual value for a 2004 Toyota Sienna (non-Limited) should be .00220 and 60%, respectively. The numbers for an otherwise identical 4 year lease of this van should be .00220 and 52%. The factors for the 2004 Sienna Limited would be exactly the same, but the residual values would be 55% and 47%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello smh12. I am not surprised that the dealership that you are working with is considering running this lease through a bank other than BMW FS. For the month of July, BMW dropped its special lease and financing programs on all '03 5-Series models and replaced them with dealer cash. Right now there is $4,000 dealer cash on the 2003 530i that may be used to negotiate a lower selling price. Still, even without any sort of support BMW FS' base standard money factor for this model is only .00220. Its exact residual value will vary depending upon how many miles per year you are allowed to drive (you didn't mention this number in your post), but it looks to me as though either BMW FS' lease program for this car is better than Chase's or your dealer is marking up your money factor to add additional profit to your deal. Also, although I do not know what Chase's base lease acquisition fee is right now, I can tell you that BMW Financial's base lease acquisition fee is only $525 in most states. Dealers are allowed to pad this fee as well to add additional hidden profit to deals.

    Car_man
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  • cbridghacbridgha Member Posts: 2
    Thanks carman!

    I was able to reduce my dealers numbers significantly, and reduce my monthly cost by $30.

    Thanks again - Chuck
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Things are busy, but going very well. Thanks for asking, nd4spd2. Here is the information that you are looking for. If you were to lease a 2003 Infiniti G35 Sedan through Infiniti Financial Services for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00156 and 57%, respectively. The numbers for an otherwise identical 42 month lease of this car should be .00149 and 53%.

    If you were to lease a 2003 A4 3.0 Sedan with quattro through Audi Financial Services in Ohio this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00050 and 55%. Though I haven't seen the 42 month numbers for this car, its 39 month numbers are .00050 and 53%.

    I just plugged the numbers that you provided me with into my lease calculator and I came up with a slightly different lease payment of $469.97.

    Car_man
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  • red927red927 Member Posts: 118
    Car_man:

    Thanks for the information. Currently, what are the residual and money factors on a 36 month lease for a 2003 Envoy SLT? Is GM offering any bonus cash at this time?

    Phil
  • vpotlurivpotluri Member Posts: 47
    I am getting rid off a Mercedes ML430 when the lease ends in September. So looking for the next vehicle. Is there a place where I can get the calculator that would give approximate payment if I input the MF and residual?

    I get my lease from my credit union as I loath paying garbage like acquisition fee, bank fee, etc. I read talk of outside companies from which one can lease. Where can I find info. on those? For example, I am considering Lexus RX330 as my next vehicle. Where should I consider going to lease the vehicle? Thanks.
  • vpotlurivpotluri Member Posts: 47
    Since my last post I did more digging and found the calculator at www.leaseguide.com. I also know that my credit union's rate is 4.75% for new cars. I need residuals for 3 years, 15k/yr. My credit union charges $100 refundable security deposit and that is it. The rest due at signing is cap reduction if I choose.

    Car man or anyone else please help with residual. Is there a website that publishes current residuals? Thanks.
  • vpotlurivpotluri Member Posts: 47
    I spoke to my credit union and here are the numbers.

    1. Cap Cost: $500 off MSRP.
    2. Interest rate 5%
    3. Residual (3 yr, 45K miles): 59%
    4. Due at signing: $100 refundable security deposit.

    Do these sound resonable for an RX330? Anyone else out there with better terms? Thanks.
  • chile96chile96 Member Posts: 330
    Mucho thanks for the info on the Boxster. I actually went to the dealer today and checked out all the boxsters he had sitting on his lot. I know you deal in leases but do you happen to know the interest rate for 60 mo purchases offered by Porsche NA. I asked the guy and never got a firm answer but he said if I put $10K down he could do 4.9%. He didn't run a credit check but I told him my credit score of 715ish.

    Thanks for any insight
    fo
  • ctorrey2ctorrey2 Member Posts: 17
    Car_man:

    I was hoping to get the latest captive MF & Residuals for '03 A4 1.8T Avant Quattro. 12k miles in the northeast for both 36 & 39 month terms.

    Thanks
  • cdrive2004cdrive2004 Member Posts: 1
    Car Man:

    May I have latest MR and Residuals for 03' Nissan Altima 3.5 SE 5M. 12K miles in Northwest for both 36 and 39 month lease.

    Thank you
  • thillixthillix Member Posts: 2
    Hi Car_Man!

    I love this forum! I have gone back and gotten some great info regarding BMW 3 series, but I do not see much on the Z4. I recently received a quote from a Chicago area dealer for a 3 year lease, 12,000 miles a year, $40,920 MSRP, and $39,920 cap cost. The money factor quoted was .00176 with a residual of 60%. Are those numbers right? If so, the money factor is quite a bit higher than the 3 Series sedans. Any input would be greatly appreciated.

    Also, does it make sense in your opinion to lease this late in the model year or am I better off waiting for dips in the 2004 model year. For example, buying a converible in the winter :)
  • roxrepsroxreps Member Posts: 35
    Carman,

    FINALLY did this Allroad deal (whew, am I tired). Here are the numbers:
    MSRP: 47,535
    Purchase: 43,000
    Residual: 52%
    MF: .00025
    Term: 39 months
    Tax: 8.5%

    I'm looking at $531. and change. Could you tell me if you numbers jive with mine?

    Just one last step and I'm there...

    Thanks again Carman,
    JB
  • bama60bama60 Member Posts: 15
    Car_Man,

    Can you provide the July residual for the 03 525i for 36 months/12K per year?

    Thanks.
  • sunnybmwsunnybmw Member Posts: 3
    Car_man,

    Thank you very much for the info you provided for a 2003 325ci lease (Msg. 7052). It's very helpful. Unfortunately someone was one step ahead of me. Now I need your advice again for the following:

    2003 525i: msrp 42870, cap cost 36780, mf 0.0022, residual 54%, 3 years, 15k miles/yr, 6% tax, plus 1st month, bank fee, title, etc. willing to put down 5 more MSD to lower the mf.

    2004 325ci: msrp 35095, cap cost 34095, mf 0.0022???, residual 62%???, 3 years, 15k miles/yr, 6% tax, again, willing to put down 5 more MSD to lower the mf. (not sure about the mf & residual)

    Could you tell me what would be the monthly lease payment respectively? If there isn't too much difference in terms of monthly payment, which one I should pick (base on performance, fun of driving, etc. I knew 525i is 200 pounds? heavier than the coupe but with the same engine).

    Thanks in advance.
    Sunnybmw
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello Mrs. Roxreps. No Car_man is only my TV name so to speak :). You're absolutely right. If you are going to be driving this car, you should definitely have some say about it. Here is the information for the model that you like. If you were to lease a 2003 Audi A6 3.0L Avant through Audi Financial Services this month for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00035 and 48%, respectively. I have not seen this vehicle's 42 month numbers, but its 48 month numbers should be .00045 and 42%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey max63. Here are the current numbers for the vehicles that you are interested in. If you were to lease a 2003 Acura MDX Touring with navigation, but without the rear entertainment system through American Honda Finance Corp. this month for 4 years with 15,000 miles per, its base lease money factor and residual value should be .00190 and 50%, respectively. If you were to lease a 2003 Honda Pilot EX-L with navigation through AHFC this month for 4 years with 15,000 miles per, its base lease money factor and residual value should be .00200 and 50%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again gogoreagan. It sounds to me as though this salesperson is being fairly straightforward with you. Ford Credit's 2 and 4 year lease rates for the 2003 Lincoln Aviator are both exactly 5.25%. Also, Ford has exactly $3,000 lease cash and $1,000 Ford Credit bonus cash available on this model right now. In order for me to calculate a sample monthly lease payment for the models that you are interested in, I first need you to provide me with their full MSRPs. Once I have this additional info I would be more than happy to run some numbers for you.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello tparki. Ford does not have the greatest lease program on the 2003 Escape right now. If you were to lease a 2003 Ford Escape Limited or XLT 4WD through Ford Credit this month for 3 years with 15,000 miles per its base lease rate and residual value should be 5.75% and 46%, respectively. Ford is also providing $1,500 lease cash on this particular model that may be used to reduce its capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    All the way back in January, huh, rttucker. These numbers expired quite some time ago. Saab usually publishes new incentives every month. Here is the latest info for the model that you are interested in. If you were to lease a 2003 Saab 9-5 Aero Wagon through Saab Financial Services Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00047 and 49%, respectively. In addition to this special lease, Saab is providing $2,000 lease cash on this model that may be used to negotiate a lower selling price.

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  • rttuckerrttucker Member Posts: 10
    Car_Man,

    Thank you very much; I appreciate the information. I hope you had a great weekend!
  • ocrx66ocrx66 Member Posts: 9
    Hi Carman:
    Can you tell me if there are any dealer incentives on the LS, aviator or mercury mountaineer? If there is do you know the numbers on each and if so can they be used if buying under the Ford x-plan. I asked around in the aviator, LS & mountaineer and no one seems to have an answer.

    Thanks in advance
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi thebackrow. It's difficult to say how bad this deal is without knowing exactly what model you are driving. Still, it doesn't really matter now that you are already 2 years into it. Unfortunately there is no easy, inexpensive way for you to get out of this deal. The following excerpt from an Edmunds.com article on leasing does a very good job at describing your options:

    "How do I get out of my lease before the contract has expired?

    In some cases, your financial picture might change unexpectedly and suddenly you can't afford those sky-high payments on a BMW 528i. In another common scenario, you lease a fun little Mazda Miata one year, then the next year you and your spouse have a baby. You're desperate to get into a bigger car, but you don't want to take a financial bath. What to do?

    According to Shebesta, you still have some options:

    Find someone to assume the lease. Call the leasing company and ask if they allow 'assumptions.' Make sure you locate a new lessee who is credit worthy. Expect to pay a fee to do the assumption — about $300. Check to make sure the mileage is appropriate for this point in the lease. And also make sure you provide the car in good condition so the new lessee isn't taking over hidden problems.

    Sell the car yourself. Call the bank and ask for the current buyout amount. Once you get that number, look at the Edmunds.com True Market Value® price for a private party. Make sure to adjust the figure for mileage, color, options and region. If the current market value is close to the buyout number, try to sell the car yourself and pay off the bank. Even if you have to take a $1,000 or $2,000 loss, you are better off than continuing the payments or walking away from the car. Remember, in addition to your lease payment, there are insurance payments, too. (Note: Sales tax can cause a problem if you buy the car, then have to resell it immediately. The bank may help you by arranging to transfer the title directly to the new owner. A dealer might also help you arrange this transaction, but they will want reimbursement for their trouble.)

    Turn in the keys and walk away from the lease. This isn't a good option. If you give the car back to the lessor, and walk away, it will go on your credit report as a 'repo.'"

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    That's great news, Chuck. Good job. You're very welcome.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Phil. General Motors incentives on many models vary regionally. Your profile says that you live in New Jersey, so that is the area that I will provide you with information for. If you were to lease a 2003 GMC Envoy SLT through General Motors Acceptance Corp. this month for 3 years with 15,000 miles per, its base lease rate and residual value should be 3.5% and around 52%. Some areas, and I believe that you live in one of them, have $750 lease cash available on this truck that may be used to negotiate a lower capitalized cost. GM does have bonus cash available on the '03 GMC Envoy in certain regions, but the Northeast is not one of them.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello vpotluri. Edmunds.com has a lease calculator on this site. You can check it out by clicking on the following link: Edmunds.com Lease Calculator. However, I have personally created a lease calculator in Excel that I use whenever I want to know how much it will cost to lease a particular model. It's not very difficult to do. If this is something that you are interested in, you can use the information that is contained in the following article to learn the necessary formula: Calculate Your Own Lease Payment.

    As far as vehicles' residual values go, each bank publishes its own numbers. The residual values that your bank uses to calculate lease payments may be completely different than the residual values that another bank, like Mercedes-Benz Credit Corp. uses. So unfortunately there is no way to know what residual value your bank will use without asking them. Also, banks often charge different interest rates on leases and conventional loans. You may find that your bank uses a different rate than their 4.75% conventional loan rate to calculate your lease. Again, you need to speak with them to see exactly what rate they use.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Ah ha, I just read your next post, vpotluri. Given the fact that Lexus is not currently providing any sort of lease support on the new 2004 RX330 its lease program is very similar to what your bank quoted you. Lexus Financial Services' residual value for this model is slightly lower than what you were quoted, but so is its lease money factor. The deal that you were quoted looks very reasonable to me.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, chile96. I actually follow the current incentives for most vehicles, not just the lease programs. I just answer a ton of questions on leasing this this discussion. If you were to finance a 2003 or 2004 Porsche Boxster through Porsche Credit for 60 months right now, its base interest rate would be a very attractive 3.99%. Of course, this assumes that you qualify for its top credit tier. I would not be surprised though if the Porsche dealer that you end up working with tries to mark this rate up on you, Porsche dealers are notorious for doing so.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ctorrey2. Here is the information that you are looking for. If you were to lease a 2003 Audi A4 1.8T Avant with quattro through Audi Financial Services in the Northeastern U.S. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00050 and 57%, respectively. The numbers for an otherwise identical 39 month lease of this vehicle should be .00050 and 55%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings cdrive2004. If you were to lease a 2003 Nissan Altima 3.5 SE through Nissan Motor Acceptance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00150 and 54%, respectively. The numbers for an otherwise identical 39 month lease of this model should be .00155 and 53%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks, thillix. I am glad that you like this discussion so much. The 60% residual value that you were quoted for a 3 year, 12,000 miles per lease of this car is right on the money, however, the money factor that you were quoted is a little higher than BMW Financial Services' base factor of .00150. The dealer that you are working with may be trying to mark up this car's money factor a little bit.

    As far as when to purchase goes, we are at a tough time for this car, at the very end of the model year where residual values are lower than they would be at the beginning AND in the middle of the summer when everyone and their brother would love to be driving a convertible. The combination of lower residual values and reduced bargaining power certainly are not an ideal. You probably would be able to get a lower payment on this vehicle during the winter with the higher residual values of the '04 model and increased bargaining power. Having said this, if I was in the market for a convertible I would want to get one right now. It's beautiful out and I probably couldn't force myself to wait.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome back, JB. Let's run some numbers and see what we come up with. According to my calculations, if you were to lease a 2003 Audi allroad (MSRP: $47,535 / Cap Cost: $43,000) with a money factor of .00025 and a residual value of 52% through Audi Financial Services this month for 39 months, your zero down, pre-tax monthly payment should be right around $486.

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  • bsaginbsagin Member Posts: 4
    I am living in Southern California and am about to lease an '03 325i for 36 months, 15k a year with a price of about 33,000. What would be a fair monthly payment be with no money down? Do you know the residual value through Chase?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello bama60. BMW is not providing lease support on 2003 5-Series models any longer. Instead, it is providing dealer cash to dealers to help them unload their remaining '03 models. Specifically, there is $3,500 dealer cash on the 2003 525i right now. You should use this cash to negotiate a lower selling price for this car and then either lease it through BMW Financial Services using its standard lease program or some other bank. If you decide to go with BMW FS, its 3 year, 12,000 miles per July base lease money factor and residual value for a 2003 525i should be .00220 and 56%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, sunnybmw. According to my calculations, if you were to lease this 2003 BMW 525i (MSRP: $42,870 / Cap Cost: $36,780) through BMW Financial Services this month for 3 years with 15,000 miles per, its zero down, one security deposit, pre-tax monthly payment should be right around $511.

    The 2004 BMW 325ci's BMW FS base lease money factor for this term is only .00205, not the .00220 that you mentioned in your post. Using this number, if you were to lease this 2004 BMW 325Ci (MSRP: $35,095 / Cap Cost: $34,095) through BMW FS for 3 years with 15,000 miles per, its zero down, one security deposit, pre-tax monthly payment should be right around $494.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, rttucker.

    Car_man
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