Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Lease Questions - Ask Here
This discussion has been closed.
Comments
Can you please give me the August Res & MF for Acura MDX Base, non-nav, for 36 & 39 months, 12K/year. Thanks
Gregg
Just checking back to see if you had a chance to look at Toyota's numbers for August.
Looking for 36 month 15K/year on a Sport Edition V6. Also, could you please provide the same for a Highlander with 4X4 and V6? I am in the Northern Kentucky/Cincinnati area.
Thanks for your help.
I was hoping you could help me out with a question. I recently lease a 2003 A4 1.8t Quattro for 42m and 12k a year. I took delivery on July 28th about a month before my old lease expired. I leased a month early because in my area there were not many 03’s left especially with the color (ming blue) and options I wanted and because several dealers said if I waited for an exact 04 model I would pay much more on the same lease.
I assume the dealers meant they were trying to clear out the 03’s before the 04’s came in with good lease deals. My question is were these dealers telling the truth and do you know what the money factor and residual would be in August for a 2004 A4 1.8t Quattro based on a 42m and 12k lease. I live in N.J.
For my lease the money factor is .0005 with a 57% residual. The price of the car was $29,872. My payment is $350 a month including tax. I only paid upfront for 1st month, bank fee and motor vehicles. Does this sound like a good deal?
Thanks for your help. Sorry for the long question.
Aja10
Thanks for the reply regarding the Mazda RX-8. I'll check back with you some time next week.
Thanks for the info on the A4 lease. However, I decided on the Audi allroad and picked one up on August 5 using the info you gave me in an earlier post. Thank for all your info and help. My wife and I just returned from spending our 25th anniversary in Yosemite, driving the new allroad! Thanks again.
Tom
Thanks!
My lease on my 2000 Volks Passat is due up in Oct. I have a scrape from the front panel along the whole length of the car. Should I go to a body shop and have it fixed, or will Volkswagon try and work with me in hopes that I will be a return customer.
Thanks for your help!
I appreciated your help with my research on the Saab 9-5 wagon. Now, I need some assistance on the 2003 Honda EX/V6 with navigation.
What are the incentives that Honda is providing to this car, especially with the '04s due out in a couple of months? I understand their financing incentive (2.9%/60 months); are their additional cash incentives? Thanks, once again.
Best Regards,
Ryan
I realize this is the base model w/ 5 spd and this is all we need right now. It's just going to be a commutter car to the train station (7 miles R/T 5 days/wk) so we probably won't accumulate any addt'l miles.
Also, are most dealers willing to roll the $2k down payment (less 1st mo payment & sec. dep of course) into the lease payments? Any idea on what the charge per addt'l mile would be?
Could you provide to me the lease numbers for a 2003 Infiniti G35 sedan (residual, money factor, etc.) 12K per year and would like to see 36 months and 48 months. I live in the Charlotte, NC area. Thanks, Jeff
Is the lease special still running with the 2003 Acura TL Type-S (no nav)? Can you tell me the residual value % based on 36 and 39 months using 15K miles per year? I've read that MF=0.00092 or 0.00102 with no security deposit.
Thank you.
I'm also interested in the CL-S with 6-speed manual transmission. Right now, Acura is offering $1250 dealer cash. Do the same MF and residual %'s apply to this car too? If not, what MF and residual can I expect on a 36/39/48 month lease from AHFC.
Thanks a million.
Car_man
Host
Smart Shoppers / FWI Message Boards
On the other hand, I have seen special lease money factor from Toyota on the 2003 Highlander. I do not know whether Toyota is providing lease support on this truck in its Cincinnati region, but if so then this truck's factor is probably in the area of .00140 or so. If not, then its money factor would be exactly the same as the unsupported factor that I just mentioned for the 4Runner. The Toyota Financial Services' 3 year, 15,000 miles per residual value for a 2003 Toyota Highlander Non-Limited 4WD is currently 57%.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
If you were to lease a 2003 Audi A4 3.0L Sedan with quattro through Audi Financial Services this month in North Carolina for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00050 and 62%, respectively. This car's 3 year, 15k numbers should be .00050 and 53%, respectively. This program is good through September 3rd.
As far as the 2004 model year versions of these cars go, Audi has already published a lease program for the '04 A4, but I have only seen 2004 lease numbers for BMW's coupes and convertibles.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Can you tell me the current residual and money factor for a 39 month lease and a 42 month lease (both with 12k miles a year) on a 2004 A6 3.0 Quattro in CT (doing papers now for delivery in Sept)?
thanks - this is great help!
Car_man
Host
Smart Shoppers / FWI Message Boards
As far as the 2004 Cadillac CTS goes, if you were to lease one through General Motors Acceptance Corp. this month for 3 years with 15,000 miles per year, its base lease rate and residual value should be 4.95% and 47%, respectively. This lease rate can be converted into an approximate lease money factor by dividing it by 2400. Again, to the best of my knowledge, GMAC does not publish 18k residual values and additional miles will have to be purchased on a per-mile basis.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Right now Acura is not providing any sort of lease support on the 2003 CL. It does have $1,250 dealer cash on it though that may be used to reduce this car's capitalized cost, as you already seem to be aware. American Honda Finance Corp.'s current 36 month 15,000 miles per year base money factor and residual value for this car should be .00205 and 50%, respectively. The numbers for an otherwise identical 39 month lease should be .00205 and 47%. The 48 month numbers should be .00190 and 42%.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Thanks for the info. Using the money factor that you provided, I calculated a 54% residual to get to the $129 dlr advertised payment. If I put 0 down, my lease payment would be $216/mo with everything else being equal. At a discounted out-the-door price of $13,795 , wouldn't it make more sense to just buy the car w/ $2k down and finance the remaining $11,795 @ 1.9% (VW credit current incentive) for 60 mos @ $206/mo?
You provide a great service, keep up the good work.
Thanks,
aja10
Okay, maybe the Acuras are too expensive. But, can you tell me about the MF and Residual %'s for the following assuming 15k miles per year (AHFC):
EX-V6 Sedan with Nav, 48 months
EX-V6 Sedan without Nav, 48 months
EX-V6 Coupe - 6 speed, without Nav, 48 months
I'm assuming that there are not any attractive MFs and residuals for 36/39 month leases.
thanks again...
Just wanted to check whether you've had a chance to find the lease info (MF and RV) on the Mazda RX-8. We're interested in a 6MT with the Grand Touring package. Term is for 36 months and 12k miles per year. We're in Northern California. Thanks!
First of all - THANKS.
Secondly, when you say the lease program runs until Sept 3, does that mean i have to take delivery by then?
Thanks again!
LianneLL
1. The selling price of the car at the start of the lease (often referred to as the capital cost) - the lower this price, the lower the lease payment
2. The value of the car at the end of the lease (referred to as the residual, and usually expressed as a percentage of MSRP, _not_ the selling price) - the higher the residual, the lower the lease payment
3. The interest charged on the money you're essentially borrowing to lease the car, usually expressed as a "money factor"
In terms of your question, what matters is the _difference_ between 1 and 2. In the case of a Honda, #2 tends to be quite high, since Hondas hold their value well. This also means that #1 is often quite high. For a Hyundai, #2 is VERY low (they're notorious for rapid depreciation), so unless #1 is low as well, #1 minus #2 is going to be a large number, and that'll drive up your lease payment. Bottom line, Hyundais generally don't make good lease cars, because of the lousy expected resale values.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards