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Comments

  • gteach26gteach26 Member Posts: 576
    Carman, If you have a chance I'd like to get a monthly payment on the following vehicle for my wife:

    2003 Lexus LX 470
    MSRP $64,503
    Cap Cost $60,000
    48 Months, 12K miles per year

    Also, Lexus Financial allows up to 9 security deposits to be given to lower the monthly payment. Is there a simple way to figure out how much the extra deposits will lower the payment? (I'd probably give the 9 security deposits)

    As always, thank you for your time.
  • rttuckerrttucker Member Posts: 10
    Car_Man,

    Again, I appreciate the information you provide on this discussion. I wanted to get an idea on non-lease incentives Saab is providing for the 9-5 Aero wagon. I know about the 0.0%/60-month financing, but are there cash incentives available (rebates), etc.?

    Thanks in advance.

    Ryan
  • sunnybmwsunnybmw Member Posts: 3
    Car_man,

    Thanks for your quick response. I have one more question: what happen to the MSDs I put down if the car stolen or totaled during the lease?

    Thanks again,
    Sunnybmw
  • bimmaboy23bimmaboy23 Member Posts: 7
    car_man,

    Was wondering if you could give me the following numbers for a 36 and 39 month lease, if possible:

    bmw 325Ci
    residual and mf for 12,000 and 15,000 mi?

    bmw 330ci
    residual and mf for 12,000 and 15,000 mi?

    thanks.
  • chile96chile96 Member Posts: 330
    Well I closed the deal on a 2003 Boxster S on Saturday night. My beacon was 741 and they gave me 4.99 through Chase. When I inquired about Porsche NA financing, I was told Porsche NA doesn't have rates that low - I had a feeling he was full of it. But when I got on the Chase website, I saw their very best rate for new cars was 4.94, why would the F&I guy choose them and make 0.05 rather than Porsche and make a full 1.00 percentage point? I am not complaining though - I'm in my residency and only making ~ $42500 /yr. I did put 30% down though. All in all, I maybe could've haggled a little more ($500-750) but I am thrilled with the car and content with the overall deal. Any input on the financing choice by the F&I mgr though? Maybe I should call up there today and make sure the loan was accepted before I make out the hefty check for insurance(single male with a claim last year!).

    take care
    fo
  • leslieh1leslieh1 Member Posts: 14
    CarMan - Can't thank you enough. You provided me with the residual and money factor for a 3 year, 12K per year lease on a G35, could you please provide me with the money factor and residual on a G35 3 and 4 year lease with both 12K and 15K per year. Also, could you please provide a breakdown of the 530i lease numbers - 3 and 4 years, 12 and 15K per year. Thank you VERY much. Les
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello ocrx66. Ford is currently providing two different programs on these models that you will likely be interested in. The first is $500 Centennial Days bonus cash that it is providing on all A-Plan, X-Plan, Z-Plan, and D-Plan sales. You definitely are entitled to this money. The second is a dealer volume bonus program that pays $500 to $1,500 on all of these models. The exact amount of money that each dealer receives will vary depending upon what percentage of its predetermined objective it attains. I am not sure if the dealer is obligated to share any of this cash with consumers who purchase through the supplier / employee purchase plans though.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi bsagin. I would be more than happy to calculate a sample lease payment on this car for you. However, in order for me to do so, I need you to provide me with its full MSRP and selling price. Once I have this additional information I should be able to help you out. I am sorry to say though that I can't help you out with Chase's residual value for this model. Different banks use different residual values for vehicles. There are so many independent banks out there that it would be impossible for me to keep tabs on all of their programs. So, I personally try to keep an eye on the lease programs that are being offered by manufacturers' captive finance companies, which in this case would be BMW Financial Services.

    Car_man
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  • jimshadejimshade Member Posts: 9
    car_man,

    Was wondering if you could give me the following numbers for a 36 month lease, if possible:

    2003 volkswagen jetta glx vr6
    residual and mf for 12,000 and 15,000 mi?

    2003 volkswagen passat glx
    residual and mf for 12,000 and 15,000 mi?

    thanks.
  • vpotlurivpotluri Member Posts: 47
    My credit union says the residual will drop on the Lexus RX330 on September 1st. I was told that the residuals drop every two months. Is this normal? Essentially the RX330 is going to cost me a bit more in September than today.

    PS: car_man, thanks very much for your responses to my questions about the RX330 lease numbers, etc.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi gteach26. According to my calculations, if you were to lease a 2003 Lexus LX 470 without the rear entertainment system and without Night View (MSRP of $64,503 / Capitalized Cost: $60,000) through Lexus Financial Services this month for 4 years with 12,000 miles per, your zero down, pre-tax monthly lease payment with only one security deposit should be around $852. Each additional security deposit that is made on LFS leases, reduces your vehicle's lease money factor by .00010. If you were to make 9 additional security deposits on this vehicle, its payment would drop to around $773.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Ryan. Saab is currently providing 0.0% special financing for up to 60 months & 1.9% for 72 months or $5,000 dealer cash on the 2003 9-5 Aero Wagon. These two offers may not be combined. Also, Saab's dealer cash on leased vehicles is lower than the above allowance.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Sunnybmw. To the best of my knowledge, multiple security deposits that are made on leased vehicles are returned to the lessee if their vehicle is totaled or stolen. You may want to check with BMW FS directly to make sure though.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello bimmaboy23. Here is the information that you are looking for. BMW is not providing any sort of lease support on the 2003 325Ci this month. If you were to lease a one through BMW Financial Services in July you would have to use its base standard lease program of .00220 and 52% for 3 years with 15,000 miles per. Instead of lease support, BMW is providing $2,500 dealer cash on the 2003 325Ci that may be used to negotiate a lower selling price.

    The same thing goes for the 2003 BMW 330Ci. BMW is providing $3,000 dealer cash on it this month. Its 3 year, 15,000 miles per base lease money factor and residual value should currently be .00220 and 50%, respectively.

    BMW has not published any 39 month lease numbers this month, so I can't help you out with those. If you were to lease either of these cars with only 12,000 miles per year, its residual value would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congratulations on your new car, chile96! It's tough to say why your dealer had you finance it through Chase instead of Porsche Credit. Though they may ultimately take more factors into consideration, in general anyone who has a credit score of over 700 usually qualifies for Porsche Credit's Tier 1 rates (which is definitely 3.99% for up to 60 months right now). Even though Chase's Web site states that its lowest interest rate for consumers is 4.94%, there is a very good chance that they allow dealers to finance consumers at a rate that is at least a point lower than that. Many banks offer dealerships lower interest rates than they provide directly to the general public. Either way, you still got a pretty low interest rate. Enjoy your new ride!

    Car_man
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  • gteach26gteach26 Member Posts: 576
    You should change your screen name to "Security Blanket Man" -- because that is what you are to us, our safety net against price gouging. You are always prompt, courteous and helpful with your responses. You da man, Carman!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No prob, Les. Here is the rest of the information that you're looking for. If you were to lease a 2003 Infiniti G35 Sedan through Infiniti Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00156 and 56%, respectively. The numbers for an otherwise identical 4 year lease of this car should be .00165 and 48%. If you were to lease any Infiniti with only 12,000 miles per year, its 3 year residual value would be 1% higher and its 4 year residual value would be 2% higher.

    If you were to lease a 2003 BMW 530i through BMW Financial Services this month for 3 years with 15,000 miles per its base lease money factor and residual value should be .00220 and 51%, respectively. I am not sure exactly what BMW FS' 4 year base money factor should be like for this car, but it is probably around .00235 or so. Its 4 year 15,000 miles per residual value is currently 42%. If you were to lease any BMW with only 12,000 miles per year, its residual values would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, gteach26. Thank you for the kind words :).

    Car_man aka "Security Blanket Man"
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings jimshade. Let's take a look at the lease programs for the two models that you are interested in. If you were to lease a 2003 VW Jetta GLX Sedan through Volkswagen Credit this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00145 and 48%, respectively. Its 12,000 miles per year residual value would be 2% higher.

    If you were to lease a 2003 VW Passat GLX Sedan through Volkswagen Credit this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00145 and 48% (very interesting these numbers are exactly the same as the Jetta's). Again, its 12,000 miles per year residual value would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi vpotluri. Vehicles' residual values do indeed drop as the model year progresses. Different banks publish residual values for vehicles at different times. Some banks publish new residual values on a monthly basis, others publish them every two months, and others do so quarterly. It certainly is possible that the bank you are currently dealing with will publish new residual values for this model on September 1st. If its September residual values are lower than they are currently then it would indeed cost you more to lease this vehicle through them, assuming that all other variables remained equal.

    Car_man
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  • jimshadejimshade Member Posts: 9
    Carman...thanks for the help with the VW numbers.

    I have one more for you. Can you give me the residuals and mfs for a 2004 acura tsx (both for 12k and 15K)

    Thanks a lot.
  • mzinzimzinzi Member Posts: 33
    Hey Car_Man...

    I'm trying to finalize the lease of a Saab 9-3, can you provide me with the following info:

    2003 Saab 9-3 Arc 6-speed

    10k miles/year 36-39-42 months
    12k miles/year 36-39-42 months

    If you could get me the MF and residual for each that would be great!

    I'm sure you hear this all the time, but you are simply the BEST source of auto info on the net. Keep up the outstanding work Car_Man!!! Thanks!
  • bimmaboy23bimmaboy23 Member Posts: 7
    Hey car_man,

    Is there any dealer cash being given by BMW FS for 330i's for this month? How much if any?

    Lastly, do you think residuals and mf's will go up or down in August for the 330i and 330Ci?

    thanks in advance
  • bsaginbsagin Member Posts: 4
    Car Man,

    Thank you for your response. The numbers are..MSRP 36,495...selling price 34,225. zero down, 36 or 39 mos lease w/12k or 15k a year.

    Thanking you in advance for your help.
  • djdezdjdez Member Posts: 119
    That's my dilemma EXACTLY !! I am looking to lease an Acura TSX but not for another 3-4 months, until my current lease is up !!!

    So, right now the residual for 36 mo/12k mi is an ASTOUNDING 64-65% according to Car_man (am I right on this??) .. meaning that if I wait until then to lease, I'm sure the residual will DROP resulting in a higher monthly payment ...

    But, on a car this new, do you really think it will drop dramatically, even if I wait those few months ? Also -- hopefully by then, I should be able to negotiate a better selling price than people are getting now -- right ? Most people are only getting a MAX of $1000 off MSRP -- I'm hoping to get closer to invoice by this fall.

    Or, do I try to get OUT of my current lease, and snatch the good residual now -- hmmmm, decisions, decisions ... can the money factor improve, and will that affect the residual %'s, or are they unrelated ??

    Anyone else in a similar situation ??? What should we REALLY expect with the TSX -- I personally don't see dealers discounting too much any time soon ...

    Sorry for the long post and all the questions !!!
  • multiplechoicemultiplechoice Member Posts: 113
    My $.02 is that the TSX being a new model( I think Acura is calling it an '04) would maintain it's high resale value at least for the next 3-4 months because the traditional model year begins around september. On the other hand, if you are not upside down on your current lease and the Acura dealer gives you a fair trade-in, you could trade it in and start the new lease now. A highly desirable vehicle will probably not see a drop in the money factor from the manufacturer until the supply becomes more plentiful.
  • leslieh1leslieh1 Member Posts: 14
    CarMan - Can't thank you enough. You provided me with the residual and money factor for a 3 year, 12K per year lease on a G35, could you please provide me with the money factor and residual on a G35 3 and 4 year lease with both 12K and 15K per year. Also, could you please provide a breakdown of the 530i lease numbers - 3 and 4 years, 12 and 15K per year. Thank you VERY much. Les
  • jimshadejimshade Member Posts: 9
    Hi Carman,

    I was wondering if you could give me the mf and residuals for a 2003 Accord Coupe V6 EX for both 12K and 15K.

    Thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, jimshade. You never mentioned how long you want to lease the TSX for, so for now I will assume that you want to do so for 3 years. Please let me know if you are interested in a different length lease. If you were to lease a 2004 Acura TSX through American Honda Finance Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00205 and 62%, respectively. If you were to lease this car with only 12,000 miles per year, its residual value would be 2% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mzinzi. Thanks for the compliment :). Here is the additional information that you are looking for. If you were to lease a 2003 Saab 9-3 Arc Sedan through Saab Financial Services Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00050 and 52%, respectively. The numbers for an otherwise identical 42 month lease should be .00090 and 48%. Saab is did not publish any 39 month lease numbers in July. If you were to lease this car with only 10,000 miles per year, its residual values would be 1% higher. When negotiating a deal on this car, keep in mind that in addition to the special lease money factors, Saab is providing $2,000 lease cash that may be used to negotiate a lower capitalized cost.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again bimmaboy23. To the best of my knowledge, BMW is not currently providing any sort of dealer cash on 2003 330i Sedans. The only dealer cash that I have seen from BMW is on 2003 3-Series Coupes, 2003 3-Series Convertibles, and 2003 5-Series models. Its current lease program is scheduled to run through September 2nd. So if everything holds according to plan, its August lease program will be exactly the same as it is right now. However, there is always a chance that BMW will make an unscheduled enhancement to its current program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, bsagin. OK, let's calculate a sample lease payment for you. According to my calculations, if you were to lease this 2003 BMW 325i (MSRP: $36,495 / Cap: $34,225) through BMW Financial Services this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $456. If you were to enter into an otherwise identical lease with only 12,000 miles per year, its monthly payment should be right around $437. BMW did not publish any 39 month lease money factors or residual values for July, so I can not calculate a payment for that term for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I definitely see what you are saying, djdez. You're right, AHFC's current 3 year 12,000 miles per residual value for this car is 64%. This value is scheduled to run through August 31st. It is 1% lower than the residual for an identical model / term during the prior two month period. It is difficult to say what exactly AHFC will do with this car's residual values. However, if I had to make an educated guess, I would say that it will drop another 1% or so when AHFC publishes its September / October residual values. This drop may be offset by the fact that you will be able to negotiate a more attractive selling price on this car a few months down the road. Again though only time will tell what is going to happen for certain. If your current leased vehicle's purchase option price is less than what it is worth on the open market it might now cost you anything to get out of it at this time. This is usually not the case though. Most consumers who get out of their vehicles early end up owing money. I personally definitely would not pay anything extra to get out of your current vehicle early and lease a new TSX now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Les, I already answered these questions for you in post #7276. Please check there for my response. Thanks.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey Jim. Can't figure out what car to get, huh? I have the same exact problem sometimes. Here is the latest info that you're looking for. If you were to lease a 2003 Honda Accord Coupe EX V6 without Navigation through AHFC this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00210 and 56%, respectively. Its 12,000 miles per year residual value for this term would be 2% higher. Just in case you are interested, yesterday Honda introduced 2.9% special financing for up to 60 months on all 2003 Accord models. This is an attractive alternative to leasing this car.

    Car_man
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  • djdezdjdez Member Posts: 119
    Car_Man thank you once again for your valuable insight ! The car is definitely hard to find in the combination I want anyway, so I'll probably have to order it (which may take a month or two, closer to my time frame). Then again, there's always the option that one pops up on a dealer's lot - but they won't go more than $500 off sticker anyway right now !

    Anyway, after reading your response, I called my leasing company .. my 2001 CL lease is up in December .. the buyout price (which is good till the end of this month is $19,050) and she said this is definitely negotiable and to definitely make an offer below that. She also mentioned that if I were to negotiate a price and BUY out the vehicle RIGHT NOW, that they would WAIVE the remaining 6 payments (@$341.00/mo), I would get credit for remaining miles, AND they would waive the disposition fee -- THAT seems like a really good deal !! I may even consider THIS now! (saves me over $2500, if I were to do it before the end of this month!) However, that is only good if I were to purchase or sell to any other 3rd party EXCEPT for a new car dealer (interesting). The contracted residual price at the end of the lease is $17,929. Dealers are advertising anywhere from to $19,500 - $23,000 for this car on their USED lots, so if they were able to negotiate a buyout from the leasing company of around $17,000-17,500, they still stand to make at LEAST $2500, which would basically cover MY remaining payments, SO .. maybe I wouldn't have to pay any money to get out of this lease since it would be close to being a 'wash'... who knows !!!

    Based on what you said, I was figuring on the same on the TSX, that the residual shouldn't go below 60% at worst, for my terms. However, if Honda TRULY only produces 15,000 units, there MAY not be enough to pick from come October, and the demand will go up again .. therefore, I will NOT get the better price ...

    Geeeez, what a mess .. maybe I should just get another CL .. I can get it for $500 under invoice PLUS the $1000 rebate !!!

    I just can't see spending close to sticker on this TSX like everyone else is doing. I was always able to get my cars AT or BELOW invoice !!! But, this is the price you pay with a hot, limited production car, I guess ...

    Thanks again ...
  • cwigintoncwiginton Member Posts: 14
    Car man - I have received a quote from my dealer on a 325i and I would like to know if it is a fair deal. MSRP=$34395, Cap cost=$33,000, residual=59%, MF=.0019. They are requiring a security deposit (despite my very high credit score) and a $299.00 doc fee. other than these fees and 1st months payment this is with $0 down.

    Is this a good deal?

    Thanks.
  • rttuckerrttucker Member Posts: 10
    Car_Man,

    Thanks once again for the information - great job with this discussion.

    Ryan
  • bimmaboy23bimmaboy23 Member Posts: 7
    Car_man,

    After speaking with two dealers, I got conflicting information about a 330i 36 month lease for 12,000 miles per year. One dealer told me the money factor was .0015 while the other said it was .00205. Where can I show them specific, pin-point, accurate information that I have the correct numbers? Thanks
  • kyfdxkyfdx Moderator Posts: 265,578
    2003...vs 2004... is my guess.

    Edmunds Price Checker
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    Did you get a good deal? Be sure to come back and share!

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  • thillixthillix Member Posts: 2
    Car_Man...thanks for the great info on the Z4. The next dealer I talked gave me the exact you info did, but I think I might wait for the 2004s and buy in the winter :)
  • marku22marku22 Member Posts: 5
    Hey Carman,

    Lots of 3-series questions here but couldn't find any conv. Latest numbers from my dealer are 15k, 59%, .0024MF (.00225 + .00015 "rate adder" for no SD).
    He also told me BMWFS best financing rate right now is 4.49%
    Do all these sound legit (no dealer padding)? Any idea when new numbers will come out?

    Lastly, although every individual's needs and lease/finance philosophies are different, would you be able to give a personal opinion on how much of a monthly dollar savings would make leasing this car favorable?

    Thanks
  • joegolfsjoegolfs Member Posts: 18
    Test drove an M45 and loved it. Have seen many messages about low lease payments and was hoping you could tell me what you think my lease payment should be. The MSRP on the car I liked is $48,855. I like to put nothing down but fees and first payment. Term would be 36 months at 20,000 miles per year. What is the residual with these miles and what type of incentives is Infiniti offering?
    Thanks in advance for your assistance. Great message board!
  • jimshadejimshade Member Posts: 9
    Carman, you are correct. I was having a lot of difficulty choosing a car, but have finally decided on the Acura TSX. Thanks for all your help.
  • ocrx66ocrx66 Member Posts: 9
    Carman: I was checking out an LS and a Mountaineer and like them both as would be getting thru the x-plan, however I do not think the dealer is being straight. Here is what they are telling me on a lease for each and what applies:
    LS Base V6 (100A package):
                 the $3500.00 does not apply,
                 the $1000.00 bonus cash does
                 if going thru Ford Credit,
                 & no additional $500.00 for x-plan,
                 10.9 MF @36 months 38% residual;
                 10.9 MF @39 months 38% residual;
    LS Premium V6 (120A package)
                 the $3500.00 does apply,
                 the $1000.00 bonus cash does
                 if going thru Ford Credit
                 and additional $500 for x-plan
                 1.75 MF @36 months 39% residual;
                 2.0 MF @39 months 38% residual.

    Mountaineer Convenience AWD (300A package):
                 39 months w/ 39% residual and .5 MF
                 36 months w/ 40% residual and .25 MF
                 did not have current infor. on rebate

    All of the above based on 12K per year. What I was told does not seem right at all. Are you able to get the specifics on the current program w/ Lincoln Mercury as to which rebates are applicable on which models and the trim on each. I am in the 44113 zip code. I really appreciate your help as plan on a vehicle within the next week. Thanks in advance!! I was told all of these numbers were provided directly by Ford Credit as of today.
  • snow_boardersnow_boarder Member Posts: 5
    Great job Car_man!
    Can you tell me if you have any info about Toureg?
    I just took a test drive and I really love that car.
    V8 is amazing, but probably drinks too much ;-), so V6 would be fine too. There was one V8 loaded "on sale", ~$670/month for 4 years, 12000 miles/year.
    The price was ~$50K. Does it seems right to you?
    Thanks for any info.
  • max63max63 Member Posts: 76
    Carman, need help on a Highlander, V6, AWD,
    both 10k and 12k miles, 36 and 48 months. Thanks!
  • normalonormalo Member Posts: 16
    CAR MAN

    Could you please give me the residual and MF for MB E320 for 36/15K and 39/15K, and BMW X5 3.0 for 36/15K.
    Thanks
  • tonys44tonys44 Member Posts: 9
    HI Car Man,

    I got the following numbers on the lease of a 2003 Toyota Avalon XL with the Luxury Package and moonroof for 39 months. The MSRP is $29,109. Financing will be through Haan. Downpayment of bank fee of $895 and first payment of $421 due upfront for a total of $1316 down. Payments of $421 per month include NYS tax of 8.75%. 10k miles per year. At lease end a $395 termination fee is due.

    Good deal?

    Thanks,

    Tony
  • lmp180psulmp180psu Member Posts: 399
    Giving CarMan your negotiated/selling price of your deal will help him determine if your payment is appropriate(i.e. the dealer/Haan is not marking up the lease factor).
This discussion has been closed.