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Let's work up a sample lease payment on the Forester that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2005 Subaru Forester X with an MSRP of $22,480 including destination and a selling price of $19,624 (Edmunds.com TMV of $21,124 minus $1,500 lease cash) through its captive finance company right now for 3 years with 12,000 miles per, its zero down, pre-tax monthly payment should be right around $282. The payment for an otherwise identical 39 month lease should be around $274. The payment for an otherwise identical 48 month lease should be around $243.
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Have you heard of any new lease deals on the Ford Escape or Mazda 6. Do you have the residual %'s on these cars. Also do you think one should or shouldn't put down a down payment for a lease. I've read a couple places not too.
Thanks again
Thanks
I'm back for more questions. My current lease expires at the end of April, and the current Honda deals run to the beginning of May, so it seems the right time to ask: What are the current MF's and residuals for the Pilot EX and Pilot EX-L (no nav) - 36 mos, 12K miles?
I could in addition be swayed into an Accord V6 or Altima V6 if the deal was right. Are any of these three models (Pilot, Accord, Altima) currently being pushed more aggressively than the others by the manufacturer?
Thanks again for all of your help.
I think I FINALLY have all the numbers you need. So here they are
Pilot MSRP - $30,435 TMV - $29,200 Dest - $515
Accord MSRP - $24,215 TMV - $23,000 Dest - $515
Both leases would be for 4 years and 15k per year. If you wouldn't mind also telling me the money factor and how you calculated it that would be great. That way I don't have to keep asking you these question !! Thanks again. This is a HUGE help.
-Jeff
Hello again. Need current money factor and residual for a 36 month/15k per year lease with zero down. From your previous advice, I have the calculations down after I get these numbers.
THANKS
I'm considering the following 36 month lease on a Subaru Outback XT: MSRP $30,585; Invoice $27,950; Gross Cap Cost $28,350; Acquisition Cost $595; Registration/Title $140; Net Cap Cost $29,085; MF .00150; Residual %56; Monthly Payment $401; Disposition Fee $300.
Do these numbers seem fair and reasonable?
Thanks,
Tom
My local dealer says the sign and drive lease terms apply to other vehicles not specifically mentioned in the ad. However, the numbers they gave me do not generate the advertised payments for any plausible dealer participation numbers.
Can you please give me the residual, money factor, and lease cash for the advertised '05 Impreza RS sedan (sign and drive $189, 48 mos., 12k miles/yr)? Is the acquisition fee $595?
Can you also give me the residual, money factor, and any lease cash for the various Impreza sport wagons (2.5 RS, Outback Sport Special Ed., and WRX wagons), for 48 mos. and 36 mos., 12k miles/yr?
Thanks for your time and efforts.
John
Hi. I am looking to purchase a 2005 FWD Equinox LT w\ Leather seats and 17" wheels, 12k miles per year. MSRP IS 24,890. TMV is $23,748. I live in Philly if that matters.
Could you please provide Residuals, Money factors, and Monthly payments for 36,& 48 month leases.
Thanks Lee
May I please have the money factors and residuals for 36 months and 15,000/year for:
A4 Special Edition, 1.8T, Quattro, 6sp
A4 Spec. Ed., 3.0, Quattro, 6sp
A4, FWD 3.0, 6 sp (not Spec. Ed.)
Audi says the Spec. Ed. program runs through 2/28/2005. Do you have any information on the current inventories and the arrival of the new model? My current lease is not up for a couple of months, but I'd consider having one in the garage and one in the driveway if either the savings or availabilty is going to change for the worse soon.
If information is power, you have empowered many. Thanks.
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Savvy consumers can easily get both the Acura TL and the Lexus ES 330 for below full MSRP right now, especially in a competitive market like California. I do not know exactly what others are paying for these cars in your area at this time, but you should be able to get a good idea by visiting the following discussions: "Acura TL: Prices Paid & Buying Experience" and "Lexus ES 300/ES 330: Prices Paid & Buying Experience".
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If you were to lease a 2005 Ford Escape Limited AWD through Ford Credit right now for 36 months with 12,000 miles per year, its base lease rate and residual value should be 5.0% and 54%. As you can see, Ford Credit publishes what are called lease rates instead of money factors for the vehicles that it leases. You can convert lease rates into approximate money factor equivalents by dividing them by 2400. So, a lease rate of 5.0% would be equivalent to a money factor of around .00208. When negotiating your lease on this truck, keep in mind that Ford is providing $2,000 cash on leases of it through Ford Credit.
As far as making a down payment goes, I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for these models would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.
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If you were to lease a 2005 Honda Accord EX without navigation with an MSRP of $24,215 and a selling price of $23,000 through AHFC right now for 4 years with 12,000 miles per, its zero down, pre-tax payment should be around $324. Again, by leasing for 4 years you miss out on this car's special .00118 money factor. Its special 3 year payment for an otherwise identical lease would be around $312.
You can calculate lease payments on your own for any vehicle that you are interested in by following the steps that are outlined in the following article: Calculate Your Own Lease Payment
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As far as the other models that you are considering go, if you were to do an otherwise identical lease of a 2005 Subaru Outback Sport Special Ed., its base money factor and residual value should be .00130 and 46%. I do not believe that Subaru makes a WRX Wagon, only a sedan, so I can't help you out there.
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Thanks so mch for your help with the accord, now I will have to go and do some negotiating. Can you tell me the best way to get the residual values and money factors for cars. Do I have to ask the dealer or is there some other way to find out? Also do you know the residual and money factor for a 2005 nissan altima sl 15,000 miles a year? Do you have any opinion on whether to get the accord or altima? Thank You again your a lifesaver!!!!
Would you happen to know what Toyota is currently using as a money factor for a good credit rating and what the residual percentage is for 12k and 15k on a 2005 4Runner. All the info I have on the vehicle is a MSRP of $31,939, dealer invoice of $28,973 and the price I can get it at of $27,673 plus tax, tags and $249 destination fee.
Thank You
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If you were to lease a 2005 Audi A4 Special Edition, 1.8T, Quattro through Audi financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00025 and 56%, respectively. The numbers for an otherwise identical lease of a 2005 Audi A4 Spec. Ed. 3.0 Quattro should be .00025 and 53%. The numbers for an otherwise identical lease of a 2005 Audi A4 FWD 3.0 non-Special Edition should be .00015 and 53%.
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As far as the Altima goes, if you were to lease a 2005 Nissan Altima 2.5 SL through Nissan Motor Acceptance Corp. right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00082 and 57%, respectively.
Both the 2005 Accord and Altima are nice cars. I personally would go with the Accord over the Altima, but you really can't go wrong with either. Take them both for a test drive and see which you like better.
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I have a few final questions. How is the sales tax figured out. Obviously it depends on the state, but how is it calculated? on the MSRP? on the residual value? just on the payments? Also what are the other typical up front costs on a zero down lease? and in general how much are they? Thanks again. Jeff
My daughter is looking at getting her first new car and wants a 2005 Civic EX Coupe-Special Edition (auto trans, she's a wimp). What would be a reasonable lease factor as well as residuals for 39/48 months with 15K miles? She has been quoted $3K for her trade.
Thanks!
Chigirl
Thanks for the quick response! The payment of $401 that I was quoted did not include tax (which is $30 a month) but did include the $140 registration/title fee and the $595 acquisition fee. Without those other fees I calculate a $385 monthly payment. Is that how you calculated your ~$380 monthly payment?
I see in a message to another person you mention a $1500 cash incentive for Subaru. Is that in effect for the Outback XT?
Thanks again,
Tom
I noticed in an older post that you gave someone residuals for Subaru Legacies, and the Limited versions of the GT and 2.5i were 2% higher than the regular versions. That seemed to run against basic "leasing logic" (i.e., luxury options usually depreciate faster). Is that correct that the 48 month residuals are 2% higher for the Limiteds . . . or did I misunderstand?
Thanks again for all of your valuable help and hard work! I'll let you (and the other Subaru shoppers) know how I do at the dealer (hopefully this weekend).
jpl
$700 also offered for the same term on a loaded Lexus GX with comparable pricing. Financially speaking is the deal about the same considering potential higher value at lease term?
Your feedback is appreciated.
I would appreciate your also answering this asap, as I may close a deal Friday 1/14.
Please confirm that dealers being "in good shape" means that market conditions are favorable for them, that scarcity has arrived or is imminent.
I was able to estimate the capital cost in the advertised 24 month lease special Audi is featuring. It seems to be only $500 below MSRP.
I would like to push the dealer for more, but the deal is pretty good as is.
I converted it to a 36 month lease, using the information you gave me, the MSRP from the advertisement and the capital cost I calculated from the 24 month example. I am also not making a capital cost reduction.
The special edition is worth ~$1500-1800 against former prices for the options included. The 3% residual bonus saves about $30/mos. in a 36 month lease. The money factor is equivalent to an APR of 0.6%.
And, I don't like the look of the new Audis. Thanks for the time and attention.
One more question, can you negotiate the residual amount. I ask becuase for example the Ford Escape has a selling price with for the trim I want of around $28,000. With a residual of 54% would give you around $15000. But personal I don't think that is fair. If you look at a 3 year old escape it goes for anyway from 18000-20000. So in 36 months the 2005 escape should go around $19000. Can I negotiate the residual?
Thanks
Consider: if the residual is higher, the cost to lease goes down. But, if you want to buy the car after the lease ends or want to get out of the lease early, you may find that a lower residual is helpful.
My current lease was a good deal with a too high residual. I therefore have had to wait out the lease term. I shopped it around, but the number was so high compared to the actual resale value that no one wanted to buy it/take it as a trade in.
I did once hear a story about a group of dentists whose LLC leased them each a vehicle. The negotiated too low a residual. Afterwards, each dentist exercised the right to buy her or his vehicle. The dentists either kept the car having bought it at a deep discount or sold it to a third party and kept the difference between the lease residual and the their sales price. I think the purpose was to somehow defer income until later tax years.
Note, banks are probably more willing to let you reduce the residual if you disagree, than to increase it.
Good luck.
I need help on one more lease option. The 300C is selling for MSRP $37,100 in my area. There seems to be no negotiating so we will assume that price with no discounts except incentives if any.
Assuming 3 years at 15k miles per year what would be a lease payment?
1) What's the money factor and residual for 36 and 39 month leases at 15K miles per year?
2) I thought the residual for Navi cars was 2 points lower than for non-Navi cars? Or was that just last month's program?
Thanks for your help,
John Ortega
Tundra Jim
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On a typical lease, consumers have to pay their vehicle's first month's payment, a security deposit that is equivalent to that payment rounded up to the nearest $25 or $50 increment, their bank's lease acquisition fee (it should be $595 for AHFC), any any sort of capitalized cost reduction that they choose to make (this should be $0).
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I hope you can help me. I am looking at leasing a 2005 Jetta GLS sedan or wagon, for 36 months at either 12k or 15k miles per year. Could you please give me the residual value and money factors for all the above. I would like to figure out a lease payment before I go into the dealer to negotiate. Also, see that there is a $1000 manufacturer to dealer incentive on this car till 2/28/05. When I figure out what I feel is fair to pay for the car, can I just know off $1,000 to the price? Is that how it works? Because I know they get that kick-back? Please explain if this is the correct theory. Again, you are a temendous help to all of us!
Thank you !!
Gina
EX automatic 2wd; 36 month lease, which mirrors the warranty length.
not many options that i can find. i'll add carpet floor mats and a cargo cover.
anyway, what would be the money factor and the residual percentage on this vehicle.
i'll do a search on the site, but if you have any anecdotal thoughts you'd care to share about the element, i'd be pleased to hear them.
(i'm turning in a 2001 volvo v40. i'd give it a B+ on 'zoom, zoom,' and also a B+ on comfort and noise levels.)
thanks,
valleydriver
I have tried to better educate myself via this board, your patient feedback and the website as a
whole. Thanks, again.
Here is where I am at:
2005 Acura Tl (non-navi)
42 months
15k mi/year
MSRP $33,470 (incl destin)
TMV $33,000
Invoice $30,000 (per edmunds)
sales tax 6.5%
money factor 0.00210 (per dealership)
residual .54 (per dealership)
the dealership is discussing the following terms:
42 months & 15k mi/year (52,500 miles allowance)
$500 total out of pocket
$460 monthly pmt (tax incl)
Your thoughts??? this same dealer said that I am
paying $100 UNDER dealer invoice...when I worked
with the Edmunds Lease Calculator (the long way)
I came up with a cost to me of $31,800. However,
dealer said I am paying $30,600 (dealer cost of
$30,700) Is anything in my eval even a little
correct??? I realize I broke a cardinal rule, and should have negotiated the purch price 1st, instead of working backwards.........Look forward
to your response....
Do you have residual and money factor numbers for the 05 TL automatic with Navi at 15K miles for 36 months?
Any information on what the purchase price should be?
Thanks for the help!