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 7/25 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/25 for details.
Options
Lease Questions - Ask Here
This discussion has been closed.
Comments
But thanks already for the reply.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
MSRP - 28920
Sale price - 25467
Cap cost reduction - 2155
Net cap cost = 25467 - 2155 = 23312
Money factor - .00016
Residual - 57% (16484.40)
So, your depreciation portion is cap cost minus residual divided by # of months. (23312 - 16484.40)/24 = 284.48
Interest portion is cap cost + residual x money factor. (23312 + 16484.40) x .00016 = 6.37
Pre-tax payment = 284.48 + 6.37 = 290.85
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Thanks in advance. The 4Runner Sport 4WD V6 has a MSRP of $33,005, Invoice of $29363 and I am assuming that it would retail for no more than $31,000. The Highlander V6 Limited AWD has a MSRP of $35,535, Invoice of $31,420 and I am assuming that it would retail for around $32,000. In either case, I am looking to lease for about 36 months and less than 10,000 miles annually. I prefer not to put down more than $1,000 for Cap Cost Reduction.
What should be a fair lease payments ? My credit score should be fine.
Regards
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Quick question. I'm currently in the market for a new Audi. What is the Audi Premier Purchase? Since I live in MA it's an option I can use to purchase the car. I understand how a lease is calculated and what the factors that control a lease are. I was wondering what you thought of this type of lease and how this type of lease is calculated. What are the benefits to this type of lease other then your name on the title. I've seen is previous posts this is a great option for customers leasing in NY. I've also noticed that these payment are lower than a lease for the same car. The car in question in an 2005.5 Audi A4 2.0T Quattro, 36 months, 15k, MSRP $36000, selling price $35000. This is just an example, this is not the actual deal. Thanks in advanced for you time!
JJDNU
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
to follow-on my previous message, "Lease Flexibility 05 A6 3.2", one of the dealers I've been working with offered $697/mo.
This was based on 36 mos/12K mi, MF of .00189 and options that incl Premium(list 3k) and Cold Weather(list 900) - total MSRP incl dest $720 dest is $46,520 --
She told me it was based on a sell price of $45K(noting that invoice, incl dest. charge is 43,026)
What are your thoughts about this offer? Fair? Or is there room to move
thank you for your guidance !
I have a car that I will be trading in when I lease a car. What should I do with the proceeds from the car at the dealer? Should I use it to pay the sales tax on the lease ? I'm in IL and I understand that you pay sales tax on the selling price of the car. or ? Any guidance would be appreciated.
Now I just need to decide on the car. I've driven quite a few car and like certain things, but not the whole car. Any recommendations from the following cars which would be good.
Lexus ES330
Infiniti G35 or M35
Acura TL
Cadillac STS
Toyota Avalon
I do realize that this is a wide range of cars. I'm currently driving a 98 Pontiac Bonneville.
Thanks to all.
I picked up my new 'reasonably loaded' 2005 Pathfinder SE 4x4 for a selling price of $29,400/MSRP $31,990. I also rolled the $550 acq fee and $100 title and doc fee into the cap cost($0 sec dep) for a monthly payment of $372/month + tax due at signing. I made the offer through email and was accepted by the dealer...a very easy transaction.
Thanks so much for your help!
as to money factor and residual for 12k for 36 and 42 months . also could you give me residual for tsx for 42 months thanks again.
They want:
$2155 cap cost
$269.94 (first month's payment)
$764 (Virginia Tax)
$67.50 (Tags)
$595 (acquisition fee)
TOTAL DUE AT SIGNING: $3,851.44
I'm thinking about telling them to drop the acquisition fee. The car is sitting in a lot across the street--do they really deserve six hundred bucks for a U-turn?
I saw that you mentioned in a earlier e-mail that there is some lease support on the Acura MDX. I live in NJ, what support if any is available? and is it available on all the MDX models, not just the base?
What would these lease support money factors and residuals be? and how good are they compared to the regular numbers?
Last, but not least, my current lease is up in July, do you think we might get a better deal by waiting or is it worth it to get it now (and have to eat the last 3 pymnts, which total about $1,000)?
I am interested in leasing an S60R, which with options would sticker at $42,000.
What type of monthly payment should I expect for the following:
Total cash down: $5,000 (incl taxes, tags, etc.)
12K miles per year
36 or 39 month lease
Also, if you can provide an estimate of the ADJUSTED price of the car with incentives, etc. that would be great...! Thanks. P.S. If anyone has details on what they are paying for a similar lease or have been quoted, I would appreciate that information. I live in Maryland.
Thanks. What is your total cash down and are you paying taxes, etc. separately?
sxg
Just FYI, based on my specs in my prior post, I have got monthly quotes of $420 to $440. Based on a rough rule of thumb that a dealer told me some time ago, each $1,000 represents roughly $10 in monthly payment. Based on that rule, your quote of $499 with no money down seems comparable to my quotes with $5,000 down. I still plan to use the LEASEWISE service offered by Checkbook.org to make sure I don't get screwed.
That is what you should do - make sure where every penny goes before signing the paperwork.
Dennis
Shows "up to $5,000" in dealer money on left over C70 convertibles.
Looks like Volvo dropped the C70 for 2005, but my local Volvo dealers still have them. In a recent ad one was asking $34,410 for a $41,410 MSRP C70 "fully loaded". A checking of the online inventory at that dealership shows 14 2004 C70s in stock.
You bet you can get a discount if you will take one of them :-)
Dennis
Dennis
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Which dealer is offering this deal? What would be your residual value on this casr after the 3 yr lease? (12K?)
I am thinking about leasing a 2005 Acura MDX Touring or 2005 Acura MDX Touring/w Rear DVD. I'd like to know the following information and possibly what the monthly payment would be on a 39 mo. lease @ 15,000 miles per year/w 0 down for each.
(1) the residual and what value, i.e. list, MSRP, negotiated price, the residual applies to.
(2) the money factor
I guess I could calculate the rest from there.
Also, is Acura currently offering any specials or offers and does Acura have any dealer holdbacks, etc. right now?
Thanks.
I read in a post that Money Factor for this car should be .00220 and Residual Value is 60%. If I want to lease this for 36 months with 12,000 miles/yr,what should I expect to pay monthly with
$1,000 down? How much if $2,000 down? Is there always an additional lease acquisition fee paid up front to Amer. Honda Fin. Corp?
Thanks.
>> Infiniti G35 or M35
>> Acura TL
>> Cadillac STS
>> Toyota Avalon
Most folks would say to take the trad in money in cash, and use what you have to on the upfront stuff (acquition fee, title, first month's payment) and put the rest in the bank.
As to the cars you are looking at, if you are shopping the ES you might was well just get a Camry or the Avalon - really nothing special (to me) about the cheapest Lexus.
The G35 is an interesting car - so-so interior but really nice/quick motor. Rear styling is so-so (in the sedan) and back seat is a little cramped. Can be had for $500-750 over dealer cost, which makes for a good deal.
M35 is a lot nicer - larger back seat and better/newer design w/same motor. Can't get a deal right now, so you have to let the dealer make $5-6k in profit to get one.
If you look at the M34 also look at the GS300. Same no deal, high markup problem but should be looked at. Has backseat leg and head room issues, though.
TL: can't bring myself to love this car - why not just get the Accord? In fact, get the Hyrbid Accord w/NAV and just lots of MPGs and decent acceration plus a $1,000 tax credit (I think it is this year)
STS: don't care for the new "edgy" styling myself and GM reliability will probably not be up to the others cars you list.
Avalon: Interesting car. Used to me another "get a Camry" like the ES, but the new car in the Limited trim is interesting. Loaded with NAV, smart cruise, rain sensing wipers, etc is still a decent price compared to the other cars. Huge back seat and new, powerful motor. Interior trim is love it or hate it, in light colors I don't like it - but in darker colors looks OK. Also a new model, so most dealers are not dealing much (yet).
Dennis
Can you tell me what Saab's current Smartbuy (I am in New York - no GM leases here) incentives are for a 2005 9-3 Arc Convertible?
I am interested in a 23 month Smartbuy with 12k/year - taxes in, $0 up front. A couple of dealers have given me @ $720/month computed as set forth below - which seems high to me.
MSRP: $44,800
Selling Price: $40,800
Residual: $30,700
Interest: 2.9%
Taxes: $3620
Up Front: $0
Thanks in advance,
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
- Leasing Glossary
- 10 Steps to Leasing a New Car
- Calculate Your Own Lease Payment.
Car_man
Host
Smart Shopper Forum