Lease Questions - Ask Here

cscowden23

Car_man, great stuff here. We appreciate all your help. With the numbers on the MDX, how much would being in tier 2 credit affect the lease price through AHFC? I was just quoted $434 today through the internet sales manager on the exact same vehicle with $580 total due at signing. They said they have tax credits through the end of this month. So i would like do something this next week.

Thanks for your help,
Chris

blue58

i went to a saturn dealership today to lease a ion 2. the msrp was 14699 - 1500 in incentives for a sale price of 13199. i told them that edmunds showed people paying 12830 for the same car. they said this only had to do with purchased cars and not leases. then they told me there was an addtional charge of 295 for a pin stripe and that was the difference in the edmunds price. am i getting a fair deal? 13199 pice, 139 month/39 months 0 money down? should i fight for that additional 295?

CarMan@Edmunds

Good question, lmacmil. Leastr support can appear in three main forms. The first is a cash incentive that a manufacturer provides to reduce the capitalized cost of a leased vehicle. This sort of incentive is very similar to normal customer cash, but it is compatible with the manufacturer's lease program.

The second form of lease support is residual value support. Here automakers artificially inflate the residual values that their captive finance companies use to calculate vehicles' lease payments. The higher a vehicle's residual value is, the lower its payment will be. In the end this will come back to bite the company that is providing this sort of support when the vehicle that it leased is not worth anywhere near its residual value at lease-end, but hey why provide cash support on a car or truck now when you can put off the pain until tomorrow, or
several years down the road in this case.

The third main form of lease support is lease money factor support. This is the type that I am usually talking about when I mention lease support in this forum. Through this form of lease support, manufacturers provide low interest rates on leased vehicles, making them more affordable. This sort of program is similar to the low finance rates that automakers advertise, like 1.9% for 5 years, etc..., but it is available on leases.

This answers your specific question, but if you have any others please don't hesitate to ask.

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CarMan@Edmunds

Greetings c_los. I noticed that you mentioned in your post that the leases that you were quoted have "acquisition fees" of $3,370 and $2,400, respectively. I hope that these charges aren't really lease acquisition fees, because there's no way they should be that I. I suspect that they are wither down payments aka capitalized cost reductions on their own or cap cost reductions plus Volvo FInance's lease acquisition fee. Either way, this is way too much money to put down when leasing. 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 this S40 would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.

Let's calculate sample lease payments on the cars that you are interested in using Volvo's actual base lease program and see what we come up with. According to my calculations, if you were to lease a 2005 Volvo S40 2.4i with an MSRP of $29,365 and a selling price of $27,944 through Volvo Finance Right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be around $413. I can't work up a sample lease payment on the second car that you mentioned without knowing what its full MSRP is. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the full MSRP of the car that you want to lease you don't know how much of a discount you are being given on it. The second reason is that one needs the MSRP of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the second car that you are interested in for you if you let me know what its MSRP is. Once we have sample lease payments on both cars, we can tell which one is the better deal.

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CarMan@Edmunds

Hi willjohnson33. Generally speaking, automakers will not usually waive consumers' remaining lease payments to get them into a new vehicle. From time to time some manufacturers run special early lease termination programs that let lessees out of their deals early if they purchase or lease a new one of their products. Unfortunately, Infiniti is not currently running this sort of promotion and I have not seen it do so in quite some time. As a result, you will either have to wait until the scheduled end of your current lease to get a new car or pay your remaining lease payments on it and get something new now.

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CarMan@Edmunds

Hello Chris. You never mentioned the full MSRP of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the MSRP of the car that you want to lease you don't know how much of a discount you are being given on it. The second reason is that one needs the MSRP of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the G35 that you are interested in for you if you let me know what its selling price is. Once we work up a sample lease payment, I can tell you what I think of this deal.

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CarMan@Edmunds

Hi pa32tl1. Here is the information that you are looking for. If you were to lease a 2005 Volvo XC90 V8 through Volvo FInance in New Jersey right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00308 and 61%, respectively. The numbers for an otherwise identical 39 month lease of this truck should be .00308 and 58%.

If you were to lease a 2005 Volkswagen Touareg V8 through VW Credit in your area right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00070 and 52%, respectively. The numbers for an otherwise identical 39 month lease should be .00070 and 50%.

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rgustafs

Yesterday I signed a lease with Rosenthal Honda in Vienna, VA. They did some "fuzzy math" that I did not catch until just now. I am so very sick about this.

Honda Pilot EX-L with NAV and backup camera
MSRP: 35,576
My cost: 31,627
Cap cost red. of $2000
Residual: 57% (19661.60)
Money factor I was quoted: .00156
MY MONTHLY PAYMENTS: 425.93

Is this as bad as I fear it is?

I am sick. Why did I sign this? They would not let me walk away, and I know I should have just walked and come back today. I knew I should have. I AM SICK!!!!!

CarMan@Edmunds

Welcome hsbndhatesbmw. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

To answer your specific question about BMW's current lease program on the 2005 X3 3.0, I need you to tell me how long you want to lease it for and how many miles per year you need to be able to drive it. At lease signing, consumers are required to pay their vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, their banks' lease acquisition fee (which is $625 in every state but NY for BMW Financial Services), and any required taxes or state fees.

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CarMan@Edmunds

Hey Jon. I have not seen a lease program for the new 2006 BMW 3-Series yet. BMW is scheduled to publish its new April lease program at the end of this week, perhaps it will publish some numbers for this car then. Please feel free to check back with me then and I will be more than happy to fill you in on anything that I have been able to find out.

On a related note, I had an opportunity to take a look at the redesigned 3-Series at the New York auto show last week and it looked fantastic.

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CarMan@Edmunds

You're very welcome, dguptaofnj. I am glad that I was able to help you out.

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CarMan@Edmunds

No problem, Ernest. I did see your later message and I believe that I estimated new lease payments on these cars for you based upon the adjusted capitalized costs. Most banks will waive vehicles' lease payments in exchange for a slight increase in the money factor that is used to calculate their payments. I do not know the exact adder that Volvo Finance uses, but I suspect that it is around .00010. Lots of people have their vehicles' security deposits waived, but I personally pay one when I lease because I would rather pay a few hundred dollars that I get back at lease-end than pay a higher lease payment that I will never see again. You can add your car's lease acquisition fee to its capitalized cost instead of paying it at lease signing, but if you do so keep in mind that you will have to pay interest on it. If the lease money factor that is available on the car that you are interested in is low enough it might be something that you would want to consider. I don't believe that tax is charges on vehicles' lease acquisition fees, but this may vary from state to state.

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CarMan@Edmunds

You're welcome, rllndwnrdeo. Let me know if you have any other questions.

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hpowders

Hey Car_Man. I need the residual and money factor for 3 years, 36,000 miles for an Infinity M35 sport.
Thank you.
hpowders

CarMan@Edmunds

Hi Oran. It would be very difficult to predict what vehicles' lease programs will be like several months down the road. The automakers themselves do not even know exactly what their lease programs will be like six months from now. A lot of what their programs are like will depend upon how strong the auto market is for the specific product in question as well as for the entire market in general and what the supply of the vehicle that we are talking about is like. The only assumption that one can make is that the vehicles that have a decent amount of lease support available on them now probably will several months down the road.

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CarMan@Edmunds

Lmacmil, American Honda Finance Corp.'s current residual value for a 36 month, 15,000 miles per year lease of a 2005 Acura TL without navigation is 58%. Its residual value for an otherwise identical 39 month lease is 54%.

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CarMan@Edmunds

No problem, dlee3. Let's work up a sample lease payment on this car for you and see what we come up with. According to my calculations, if you were to lease a 2005 Lexus ES 330 without navigation with MSRP of $38,879 and a selling price of $35,879 through Lexus Financial Services right now for 4 years with 12,000 miles per, your zero down, pre-tax monthly payment should be around $431. With this deal, at lease signing you would have to pay your car's first month's payment of $431, a security deposit of $450, LFS' acquisition fee of $600 (in most states, and any required state taxes and fees.

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lmacmil

Using these numbers, your monthly payment should be about $342 before sales tax. Money factor works out to more like .0027 using all the other figures you gave. Is there such a thing as a 3 day grace period on lease sign-ups like there is on some purchases?

CarMan@Edmunds

Hello pdang. While you certainly can use any equity that you have in your trade as a down payment on your lease, you would be better off having the dealer that you trade your current car into cut you a check for it instead. 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 your new A4 wagon would be exactly the same, regardless of whether you had put $2,500 down, or had made absolutely no down payment at all.

If you were to lease a 2005 Audi A4 1.8T Avant (not the special edition model) through Audi Financial Services right now for 36 months with 12,000 miles per, its base lease money factor and residual value should be .00025 and 58%, respectively.

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CarMan@Edmunds

Greetings joeb38. Here is the info that you are looking for. If you were to lease a 2005 Audi A6 3.2 through Audi Financial Services right now for 39 months with 12,000 miles per year, its base lease money factor and residual value should be .00129 and 56%, respectively. If you are a current Audi owner or lessee, keep in mind that Audi is providing a $1,500 loyalty bonus on leases of the '05 A6.

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CarMan@Edmunds

Hi rgustafs. Here is the information that you are looking for. If you were to lease a 2005 Honda Pilot EX-L with navigation through American Honda Finance Corp. right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00154 and 58%, respectively.

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CarMan@Edmunds

Hey Damon. If you were to lease any 2005 Chevrolet Malibu Maxx through General Motors Acceptance Corp. right now for 3 years with 12,000 miles per, its base lease rate and residual value should be 3.5% and 56%, respectively. GM is providing up to $1,500 bonus cash on this car that can be used to reduce its capitalized cost. The exact amount of this incentive varies by region. It is $500 in GM's Southeast region. The $1,000 "March Madness" bonus for vehicles that have been in inventory for more than 125 days can be used on GMAC leases. Also, GM is providing $500 lease cash on this model this month. So in your area, there should be a total of $2,000 in cash incentives on leased Malibu Maxx models that have been in inventory since October '04.

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CarMan@Edmunds

Thanks for the additional information, vacquah. OK, if you were to lease a 2005 Chrysler Pacifica Touring AWD with the 26U package through Chrysler Financial right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00135 and 49%, respectively. Using these numbers, an MSRP of $40,130, and a capitalized cost of $34,073 ($37,073 - $3,000 in cash incentives), I estimate that this vehicle should have a zero down, pre-tax monthly payment of around $473. With $2,500 down, your monthly payment would drop to around $400, but it is not in your best interest to make such a large capitalized cost reduction when leasing. I am not sure how much sales tax amounts to in your area or if you are having your security deposit waived, but the payment that you were quoted looks to be a little high. FYI, I think that Chrysler Financial actually announced that it is waiving its security deposit requirement on all vehicles through the month.

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CarMan@Edmunds

Welcome snaj. Here is the information that you are looking for. If you were to lease a 2005 Saab 9-3 Arc Convertible through Saab Financial Services Corp. right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00091 and 54%, respectively. Banks' lease programs are not negotiable in that dealers do not have the authority to change vehicles' published residual values or lower their published money factors. However, dealers often are allowed to "mark-up" banks' published lease money factors to add additional back-end profit to deals. Now that you know what the published money factor is for the car that you are interested in, make sure that it is being used to calculate its monthly payment. When negotiating your lease on this car, keep in mind that Saab is providing $1,000 bonus cash on it this month. this cash will help you to negotiate an attractive capitalized cost.

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CarMan@Edmunds

Congratulations on your new car, lycanthris. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy!

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CarMan@Edmunds

I am glad that you enjoy this discussion so much, Chris. American Honda FInance Corp. just introduced a new tiered system for lease money factors and interest rates for conventional loans. Unfortunately, I am not sure exactly how much its lease money factors increase for consumers who do not qualify for its top credit tier. Sorry that I could not be of more help.

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ddelise

Car_Man -

Thanks for the information. I have received slightly different information from my dealer.

Including March Madness cash, I am told there is $2000 Lease Cash on the Maxx LT (same as what you said), and $2500 on the Maxx LS (more than what you said).

Also, they said the lease rate is 4.5%, not 3.5% like you said. And they said the residual is 56%.

Can you confirm the 3.5% vs. 4.5% for me? I think the difference is about $10 month or so, but every $ counts (I just had twins...).

Thanks - Damon

rgustafs

Okay. Rosenthal has been great on this. Apparently I am a math deficient jerk-o.

Honda Pilot EX-L with NAV
MSRP $35,576
OTD Price $34,124.12
Money Factor of .00154
Residual 56%
Rent charge of $2871
Lease of $425.93/mo. (incl. VA tax)

They even gave me a copy og the Lease Worksheet that they send to American Honda Finance Company which gives me the breakdown of Gross Cap Cost. That is what I was missing. I am so silly.

Whew. I feel much better now. I gotta tell you -- thank goodness I did this deal with Rosenthal. I fear that no other dealer would be helping me understand the math. From the GM to the Senior Sales Manager, they were all right there with me this morning when I thought I got ripped off.

I feel so much better. Sorry to unload on you guys. (needless to say, this was my first car buying or leasing experience.)

coffee_fan

Thanks Car_Man, I have a few more Qs. I went to the dealer and finally got me the MF I wanted, however there were a couple of things which I think still think need to be corrected (I did not sigh the agreement yet

1) They included an item named Cap. Cost reduction tax, which is the tax on My Cap cost reduction + SAAB's lease cash -- Is this correct? IOW: Should I pay tax on lease cash or Lease Cash is applied prior to setting the vehicle selling price and thus is NOT taxable?

2) I initially requesteed them to match the Internet deal so I could see *all* the numbers at play, but in the end, I requested them 0 down. What they did then was that they applied the $3000 lease cash against inception fees and there was a small 200 remainder which was re-added to the cap. cost. -- So I think this is not correct because I am being double taxed --> The inception fees already included Sales taxes for Cap cost reduction + 1st month payment to the tune of some $250 which are now being added doubly added to the cap cost and re-taxed. -- This means that the overall deal end up going up by $500.

anyway I think the correct way to 0 down or close to it is to re-itemize, get rid of TAX items and add to the cap cost the things that were pare of inception fees (doc fees, security deposit, registration fee, etc)

Can you please shed some light on my questions?

Thanks in advance

smith83

Can you let me know the MF and residuals for a 24 month and 36 month lease on an AWD M35? If the cap cost is approximately $46,000.00, what would my payments be on each lease?

Are the leases on the M35's more reasonable than the GS 300's?

Thanks.

seden

carman....would you please figure approximate monthly payments on an Accord EX-L.Selling price is 22,600 before taxes. 36 months and 15K a year.
I also have a 2000.00 payoff on my trade in and was wondering if it is better to pay it off up front or roll it in to the total. If I roll it in, will you give my monthly numbers on that too?
thanks so much....this site has helped me tremendously in learning about leases.
One more thing....is it better to go through a dealership or a leasing company?

bradabaugh

hi new guy this is the frist board i found i need help with my jeep when i go to jeep there is no place to put message

jeff5144

I am about to sign and pick up my leased 2005 Lexus RX330 without NAV. Everyone please let me know your thoughts. FYI, I live in Minnesota

Cap Cost: 39,131
36 month/15K per year
Total down payment is 4500.00 (including all costs)
Payments are 466.54 per month. I am not sure what the "Money Factor" is, I will for sure ask this before signing. I felt that I could have gotten this lower but it seemed like I was scratching for pennies at the end. I have not signed anything so it's still neg I assume.

zackymax

Hi-

I'm new to this forum. Just wanted to clarify that the Honda Lease special is on the Ex NON-LEATHER Pilot. The dealer said the $279/mo, 36 month lease, $2,873 due at lease signing was for the EX NON-LEATHER model. This is the first time I have leased.

Here are my questions:

- So I assume that model #YF1845EW as mentioned on the Honda site Pilot featured lease, is not for the leather model?

- Is the EX-L model # YF1855JNW and is there a standard lease for this or does is vary by dealer? I saw an EX-L offer for $329/mo 36 mos/36K miles and $4,008.65 total due at signing at randykuehl.com, so I now feel better about the deal I have.

- How is the rent figured derived? I realize the lease factor is .0015... but I don't know how to calculate it. Is this where my $2,666.52 rent charge comes from?

- If I would have purchased the vehicle instead at 2.9% with $2,800 down, what would I being paying over 60 months? When I got it this week, the 2.9% purchase offer wasn't available on the Pilot–I was quoted 5.9% so I leased. Would I be better off buying at 2.9% if I will end up wanting to keep the vehicle, even with a low lease factor? I leased since I needed low monthly payments it appeared that it would be less cost overall in the long run compared to purchasing at 5.9% over 60 months.

- If I purchase the car after 3 years time, all I will pay is the $19,581 residual value plus tax on that amount? And some doc/dmv fees?

- There is a figure of $1,982.32 off to the side of my contract which states it is "estimated fees and taxes during lease term." I asked about it and was told not to worry about it. It is an approximate tax if I were to purchase at the end (so I assume it is based on the residual value).

- How is the invoice price determined? Does this vary by dealer?

I really liked the dealer and this is what I got. Hopefully, I got a good deal. I put $2,800 which included the 1st payment and the fees, bringing my capitalized cost reduction to $1,964.86 and monthly payments to $350.52 with tax.

- $29,888 total agreed upon value (he stated it was about $300 over invoice)
- $30,483 gross capitalized cost (includes $595 lease acquisition fee
- $2,800 down includes 171.93 tax, 350.52 1st mo payment, 255 title, 8.75 registration, 48.94 doc fee, which brings the Capitalized Cost Reduction (cash down) to $1,964.86
- $15,068.20 total amount paid by end of lease (includes $350.52 monthly x 36, tax, fees and capitalized cost red.)
- $12,618.72 total of monthly payments
- $11,603.52 total of base payments
- $2,666.52 rent charge
- $350.52 monthly payments includes $322.32 + $28.20 tax
- $19,581.00 residual value
- $8,937.14 depreciation and any amortized amounts
- ($1,982.32 etimated fees and taxes during lease term...something to not worry about unless I purchase in 3 years?)

Thank you for your time. I love my Pilot.

ZackyMax

jasonmstone

Howdy,

I've got a 2002 VW Passat, which I'm leasing. My lease ends in about a month, and I'm trying to decide what to get next. I think I've pretty much settled on the Legacy GT. I was wondering what the current residuals on the 2005 Subaru Legacy GT (both with manual and automatic) were. Also... what kind of money factors are going on right now? Any idea?

Thanks,
Jason

mdlewis1

Sorry if this one has been anwsered (I've looked for awhile). I am in the market for a daily driver.

When I see an ad for a typical lease that states a $199/mo lease for 24 months with (say) $2000 due at signing. The fine print always states that taxes, license and title fees are extra. If I am reading this correctly, it means that in order for me to get the stated monthly lease rate ($199/mo) I must put in the $2000 plus taxes license and title fees right??? Sorry again if this one has been gone over and over...

Cheers,
Mark

phatjay27

If I lease a car in Illinois, then purchase the car at the end of the lease, do I have to pay sales tax again on the car? I know in Illinois, you pay tax on the entire vehicle (8.75% in cook county plus another 6% use fee if in Chicago). Do I have to pay tax again if I then purchase the vehicle at lease end?

mister22

Hey mdlewis1,

You are correct in your assumption. Tricky little advertisement manipulation, eh? lol.

mister22

love330conv

I am about to place an order for BMW 330 conv. for European Delivery. I would love some expert advice on figuring out if I should buy or lease. here is the info I think is relevant to figure it out:
- Purchase price: $42995 (after ED discount)
- MSRP: $49145
- Sales Tax = 8.25% (Northenrn California)
- I intend to keep the car for 4 yrs. I would drive it 12k/yr
- My net rate for financing is 4% (because I would finance it through my Home Equity loan)

I don't know for sure what MF and residual would apply.

Also, any special benefit/loss of combining ED with leasing?

I had always thought buying was cheaper than leasing. But reading here that sales tax is charged only on the lease payment (and not the full car price - which would be the case in buying), And typical MFs translate into such low interest rates - I am re-thinking my decision to buy it outright.

Long timers - please give me some insight.

CarMan@Edmunds

Hello blue58. As I am sure you are well aware, traditionally Saturn dealers have been no-haggle, meaning that they will not negotiate the selling prices of vehicles other than to reduce them by any available cash incentives (they didn't even offer incentives when Saturn was first introduced). However, I am hearing that many Saturn dealers will indeed negotiate vehicles' prices now. As a result, there is a good chance that you can negotiate an additional discount on this car, even though you are leasing. For more information on Saturn pricing, you may want to stop by the following discussion: "Saturn ION: Prices Paid & Buying Experience" and "Saturn ION".

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CarMan@Edmunds

Hi rgustafs. I can't calculate a sample lease payment on this truck to compare to the one that you were quoted because I don't know how long you are leasing it for and how many miles per year you are allowed to drive it. Having said this, I can tell you that the lease money factor that was used to calculate this truck's payment looks good to me.

I am also having a tough time figuring out how much you payed for your Pilot. You mentioned that its full MSRP was $35,576 and that your "cost" was $31,627. If this is this car's actual selling price then you got an excellent deal. If this is the capitalized cost of your lease, meaning the truck's selling price minus the $2,000 down payment that you made it means that this truck's actual selling price was $33,627 which is not nearly as good as $31,627, but definitely not a horrible price either. I don't think that you did nearly as bad on this deal as you think, still you can always walk away from a deal if you are not completely comfortable with it. If you tell me the term and mileage allowance for this lease, I can work up a lease payment for you that we can compare to the one that you are paying.

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CarMan@Edmunds

Hey hpowders. Here's the info that you are looking for. If you were to lease a 2006 Infiniti M35 Sport through Infiniti Financial Services right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00177 and 61%, respectively.

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CarMan@Edmunds

Lmacmil, there is no three day grade period on auto sales. Once a consumer signs a lease contract, finance contract, or hands over a check for the vehicle that they want and drive it off of the dealer's lot it is theirs. Some dealers are willing to work with unhappy consumers, but they certainly are not obligated to.

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CarMan@Edmunds

You're very welcome, Damon. Congratulations on the new twins. Speaking as a father, you definitely have your hands full, but it is an unbelievable joy. Just don't count on going out to the movies for the next decade or so . I just did a little more research on this vehicle's lease program. Apparently there is a special additional $500 lease cash on Malibu Maxx LS models only in General Motors' Southeast region. This explains the additional $500 that you were quoted on that trim level. The 3.5% lease rate is definitely correct though.

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CarMan@Edmunds

Hey coffee_fan. Every state has its own method for calculating sales tax on leased vehicles, so I can't comment on whether it is being calculated correctly on your car or not. If you let me know what state you are in, I should be able to direct you to a couple of Web sites that have a little more information on how sales tax should be calculated in your area though.

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CarMan@Edmunds

Greetings smith83. Here is the information that you are looking for. If you were to lease a 2005 Infiniti M35 AWD Sedan through Infiniti Financial Services right now for 24 months with 15,000 miles per year, its base lease money factor and residual value should be .00170and 71%, respectively. The numbers for an otherwise identical 36 month lease should be .00178 and 60%. I can't estimate a lease payment on this car for you without knowing its full MSRP. When you provide me with this number, I would be more than happy to also calculate a sample lease payment on a GS 300 for you if you give me an MSRP and selling price for it as well. That way you can compare the cost of leasing both of these cars.

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CarMan@Edmunds

Hello seden. I would be happy to work up a sample lease payment on the car that you are considering for you, however in order for me to do so I need you to provide me with its full MSRP.

As far as your trade goes, if you get a large enough discount on your new Accord, you should be able to roll your negative equity into your lease. Having said this, doing so will force you to pay interest on it. If you have the money and you don't want to pay interest on your negative equity you may just want to pay it off on your own.

Honda is providing lease support on the 2005 Accord right now. As a result, I highly doubt that you will be able to lease one for less through an independent bank than you would be able to through American Honda Finance Corp. Since AHFC only does business through Honda dealers, that is the best way to lease this car at this time.

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CarMan@Edmunds

Hi bradabaugh. If you scroll to the end of the discussion that matches the Jeep that you currently own you should be able to post questions or comments about your truck: "Jeep Grand Cherokee", "Jeep Liberty", or "Jeep Wrangler".

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CarMan@Edmunds

Greetings jeff5144. Let me begin by saying that 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 your leased RX 330 would be exactly the same, regardless of whether you had put $4,000 down, or had made absolutely no down payment at all.

[non-permissible content removed] far as the deal that you negotiated goes, I would be more than happy to calculate a sample payment on this truck for you using Lexus' published lease program. However, in order for me to do so I need you to provide me with its full MSRP.

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jasonmstone

>I was wondering what the current residuals on the 2005 Subaru Legacy GT (both with manual and automatic) were. Also... what kind of money factors are going on right now?



Oh, duh. I forgot to mention... I'd probably be sticking with a 36 month lease.