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  • pegasus17pegasus17 Member Posts: 536
    MSRP 28945, Incentives 3750, Sell 23004
    36 months, 12k miles/yr, GMAC
    Dealer says residual is 57% with a 5% lease rate.
    Please calculate and advise..THX
  • hpowdershpowders Member Posts: 4,331
    Hey Car-Man.
    What would be the money factor and residual values for a 3 year, 36,000 mile lease of:
    1. Infinity M35 non-sport
    2. Infinity M45 sport
    Thanks a lot!
    hpowders
  • dlee3dlee3 Member Posts: 7
    Thank you again for the info carman.

    I'm slightly concerned about leasing now...is Texas a "lease friendly" state? I read an earlier post about Texas and Illinois having to pay sales tax up front or in full? I'm not married to leasing, if a 48/60 month purchase makes more sense in Texas. Thanks!
  • dguptaofnjdguptaofnj Member Posts: 10
    Hello Car_Man,

    Your point about not making a down payment is well taken. I am new to leasing, so that is a lesson I appreciate.

    I am still negotiating with a number of Acura Delears and somebody quoted me a price of $36,750 for a MDX Touring ( no NAV or rear entertainment, MSRP $40,295 ), which is about $2,500 higher than the Base MDX. What should be a good lease price for that ? I am trying to see how much more it will be over the Base MDX and if that is worth the extra frills.

    Should I expect a better deal between now and March 31st. because of e-o-m and e-o-q ?

    Regards and Thanks in Advance.
  • jon330cicjon330cic Member Posts: 20
    A few comments -
    - this car has a very high residual - 64% on mine for 36mo/36Kmi - making leasing quite inexpensive as you're only paying for about 1/3 of the car over 3 years.
    - BMW optimizes its leases for 36 months, so you may want to re-think the 4-yr thing if you're going to lease. Most auto finance companies will consider extending a lease at the end - I'm extending by 6mo on another car now.
    - ED is especially helpful for a lease. The residual value is calculated on the USA MSRP. Your payments are calculated based on the final negotiated ED price (cap cost) and the residual value. Therefore, the ED price reduction on your car is like BMW pre-paying $86.87/month for you on a 3yr lease.
    - For me, the buy vs. lease decision has always had more to do with how long I'll keep the car than anything else. Unless I'm going to keep the car for 10 years (and have no car payments for 6 yrs), I'd rather pay for 1/3 of the car over 3 years (and then get a new car again!) than pay for 100% of the car over 4 years. With 2 ED BMWs now on 3-yr leases, that means we get to go to Europe 2 out of every 3 years to pick up a new one! Way more fun than keeping the same car forever. IMHO... ;-)
    - Car_Man is a fantastic resource in this forum. If you ask, he'll provide the latest MF and Residual #s for this month.
    - You should be able to get a dealer to give you $1000-$1500 over ED Invoice on this car, with no markup on MF, Acq Fee or any options.
    Best of luck!
  • sedenseden Member Posts: 11
    thanks for the quick reply!! The MSRP is 25,515
    I live in Texas...if that makes a difference on taxes. Thanks a lot.
  • kracker2kkracker2k Member Posts: 28
    Hi,

    I have never leased a car before and would like to give it a shot as I'm currently in a temp contract job and don't know how long it will last... I want to get into something as cheap as possible in order to be safe if my job ends.

    What I'm looking for is something that is automatic with power door locks and windows. Can be an SUV, truck, coupe or sedan. The better gas milage the better also.

    I can get both Ford X Plan and GM Supplier Discount.

    Please give me some options on the best leases I could go with, remember I want to go as low as I can monthly payment with $0 down.

    I saw that Saturn has the ION 1 for $139 with absolutly $0 due at signing but all the dealers here are sold out so I would like some other ideas from people with prices.

    Thanks
  • smith83smith83 Member Posts: 61
    Thanks for the info. The MSRP's of each vehicle are as follows:

    GS 300 = $45,679.00
    M35 = $45,760.00

    Smith83.
  • cscowden23cscowden23 Member Posts: 8
    Car_man, appreciate all your help. I am trying to get my dealer to replicate this deal on the MDX. What kind of residual and money factor were your working with the get to the $397/mo numbers?

    Thanks,
    Chris
  • evan7578evan7578 Member Posts: 15
    Car_Man -

    What are the MF and Residuals for a Acura MDX Base and Touring(without Nav.) for 39 Months.

    Thank you
  • dwynnedwynne Member Posts: 4,018
    That is correct - $2000 would be the "cap cost reduction" (like a down payment).

    On most all of these special dealers, you can choose NOT to do a cap cost reduction and just pay more per month. Also, in some of the pre-quoted deals there may be room to negotiate the dealer down in price. Anything you can get the dealer to drop on his end means a lower monthly payment for you (or less out of pocket).

    Some of these deals have money factors that are the equivalent of < 1% or even < 0.5% interest. In these cases I see no sense in paying ANY money as a cap cost reduction and you could even think about rolling the taxes and stuff into the lease to take advantage of nearly free money.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    With ED, I think the lease my start before you take delivery in Europe and for sure you will be on the lease clock while waiting a few weeks for your car to get back stateside.

    Other than that, you get a discount by doing ED that you can't really get elsewhere.

    If you can write off the interest on the car from your equity loan then that makes the deal look sweeter.

    I would re-think the 4 year deal - the warranty will be up and a lot of folks will not want to give you what you will ask for an expensive car with 0 warranty. Plus you will be competing against all the 3 yr lease turn ins and CPO cars at the BMW dealer. I would either keep it long term, or plan on being out of it in 3 years so it will have some warranty left for your buyers. Or just lease the car - let BMWFS take the chance on the future value of the car and turn it in after 3 years and get something new.

    Dennis
  • mondmond Member Posts: 79
    The saturn lease is the lowest dollar amount I have seen followed by Honda civic. If you want the saturn don't give up. GM has a search engine that lets you search neighboring states or anywhere in the nation for inventory. Flights today are quite cheap. Fly in drive it back.
  • singsingsingsing Member Posts: 5
    Hey Car Man,

    Can you tell me the residual and money factor for a 2005 Acura MDX (Touring, Navigation and DVD Rear Ent. System). 36 months and 15,000 miles/year.

    I was told by a dealer that the residual would be 56% and the money factor is 00206. In your prior posts, I have seen higher residuals and lower money factor.

    Thanks for all your help.
  • dwynnedwynne Member Posts: 4,018
    With the Accord LX deale for $200 and the Altima for $200 I would have to be surely broke to take the Ion deal over those :-) Heck, even the Civic "value edition" lease is not but a few bucks cheaper than the LX lease deal.

    Dennis
  • kkjkkj Member Posts: 2
    Car_Man,

    I am waiting to pick-up this vehicle.
    MSRP: $34295
    + $515 (Dest)
    + $885 (Other dealer installed options)
    + $1295 (Dealer Markup).

    Negotiated price: $34240.

    Leasing for 3years, 15k miles/year.
    State:MD (5% Tax).

    I havnt done the finance terms yet, as the vehicle has not arrived.

    What would be the Residual, money factor and monthly payments.

    Thanks
  • love330convlove330conv Member Posts: 19
    Thanks for your detailed response, jon330cic. I am a step closer in favor of leasing now!

    I would love to hear from Car_Man too doind a quick analysis (incl. breakup) for me, with current MF and residual numbers.

    I am getting $1000 over ED invoice, so I assume it's a good deal.

    This forum is great!
  • saintebeuvesaintebeuve Member Posts: 1
    This is the first time I will be returning a leased vehicle. The car is under the allowed mileage and is in great condition except for one or two almost invisible dents.
    1) What am I to expect?
    2) I've also done all the servicing in Toyota dealership in the US (I'm returning the car to Canada). What proof of service will they want? Can I just get a carfax statement and hand that in?
    Thanks for any responses to what are probably rather naive questions.
    S-B
  • kracker2kkracker2k Member Posts: 28
    The problem with the Accord lease is there is $2500 due at signing and the Altima requires $1700 due at signing... that comes out to $124.10 a month more than the ION at base rate and I can get a GM Supplier Discount so I could actually lease 2 ION 1's for less that 1 Accord... that is actually a very large difference... its not as simple as just $199 a month versus $139 a month... I know the ION is not near as much of a car but I have a main car.. just need something for girlfriend that does not drive much.

    Thanks,
    Anyone have any other suggestions... I'm open to any good $0 down lease deals.
  • ddeliseddelise Member Posts: 353
    Car_Man -

    I am doing some research for a friend. He is looking at a 2005 Volvo XC90 2.5T FWD, 3rd row, 18 inch wheels, etc.

    Can you tell me the Volvo lease factor, residual, aquisition fee, and lease money incentives available in Tampa?

    He is looking at 12k miles/yr., and either 36, 39, 42, or 48 months - whatever has the best combo of rate and residual.

    Thanks! Damon

    PS - I am going to finalize my Maxx deal tomorrow, I will post back to let you know how it goes. Thanks for all your info.
  • kicker5454kicker5454 Member Posts: 4
    Looking for a great deal in Seattle and got this offer...anyone know the money factor/residual? Is this a good deal?

    2005 volo V50 T-5 with $597 due at start, at 36 months and 12K miles per year for $467 plus tax. with leather, sunroof, heated seats, automatic and power seats.

    Not sure what the price of the car would be however I know they are selling them $800 over invoice. Thoughts?
  • dwynnedwynne Member Posts: 4,018
    Depending on where you live, you can get an LX Accord for $650-1000 or more under dealer invoice. The Accord lease deal calls for a little more than $600 over invoice as the cap cost (after dealer discount and cap cost reduction up front). If you get the car for that much under invoice then you could do the deal with little out of pocket and still hit the $200 a month payment (plus tax).

    Ditto for the Altima deal. A dealer in Philly is/was advertising it for $0 up front and $179 a month for 24 months. Same deal as Nissan advertises, but the dealer has discounted the car a lot more.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    Who is your lease bank?

    I would hope you can get a pre-turn-in inspection on your car from them. Then they can go over the car and let you know what, if anything, fails to meet specs. Then you have the option to either fix the problems yourself or just turn the car in and pay for the repairs. Some common things would be the dents, or not enough tread on the tires, or a crack or chip on the windsheild.

    I have never been asked to produce maintenance records on a lease turn in. I suppose they could ask for that stuff, but as long as the "check engine light" is not on and car runs properly they may not care.

    Dennis
  • dee01dee01 Member Posts: 2
    Thank you both, [mond] and [dwynn]. I'd prefer less than 36 mos, but am in CA currently. Hope to do without a car once back in NY. Anyone actually leased the Jetta? I do like that car. Is gas mileage as good as the Golf? Thank you.
  • sjeedsjeed Member Posts: 135
    Car_man:

    What is your opinion on the following lease (which you helped me with):

    MSRP: $60,040
    CAP: $57,338 (Invoice + $500 advertising + $950)
    MF: .00245 (You quoted MB Credit Buy Rate at .0024 but the dealer says that their MB Credit Buy Rate is .00245 not .0024)
    Res: 62% = $37,224.80 (12k miles/year, this tracked) (excess miles .20 for the first 5K, then .25 thereafter)
    Term: 39 months
    Acquisition Fee: $795
    Monthly Payment: 747.40 plus CA Sales Tax (San Mateo County) of 61.66 = $809.06
    Total Drive-off: $2,160.11 (Acquisition Fee, License Fee, 1st Month, Doc Fee, CA Tire Fee, Sales Tax on Acq Fee and Doc Fee)
    Disposition Fee: $350 (end of lease if I do not buy the car) or
    Purchase Option Fee: $150 (end of lease if I do buy the car)

    As always, thank you for the valuable information and peace of mind that you offer to us.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome zackymax. While Honda's advertised lease payment on the 2005 Pilot is on an EX model without leather, its special lease program is available on all Pilot models. The same level of lease support is available on the EX with leather, though the MSRP, selling price, and residual values for it may be a little different. The special lease program on this truck would be exactly the same, regardless of what dealer you go to. The only factor that will vary from dealer to dealer is the selling price for the truck.

    For answers to your specific questions about how to calculate lease payments, check out the following article that is available here at Edmunds.com: Calculate Your Own Lease Payment.

    You can figure out exactly what your finance payment would have been if you had financed your truck at 2.9% by plugging the appropriate numbers into the following calculator: Edmunds.com Basic Loan Calculator.

    Car_man
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  • shaker58shaker58 Member Posts: 130
    Hi carman,

    can you give me the mf and residuals on the base model in ny 3/36
  • blue58blue58 Member Posts: 9
    Car Man,

    I need to know if I got a good deal. I feel like I didnt so that usually means I didnt. I was negotiating for my mom. Here is what we got
    Saturn Ion 1
    Base 12410
    dfc 565
    Air 960
    CD 290
    = 14255
    39 month lease, 39000 miles 0 down. The finance guy said the residual is 67 and the money factor is 26.

    Gross Cap Cost 14919
    cap cost reduct 44.03
    Residual value 9815

    Even though it was advvertised as 139 a month, they now said it was 142.99 + tax title lic. He said it would be in a range of 151-161 a month. When I asked for an exact amount, he said he couldnt do that because the car wasnt in inventory yet. Is this BS? Is that price going to be based on credit report and they just didnt want to run it tonight?

    What couldve I negotiated or where could the price have been different? Please offer all senerios or opinions possible.

    Thanks
  • dwynnedwynne Member Posts: 4,018
    It looks like the EX special is 0.00154 and 63% and you posted the EX-L is also 0.00154 but 58%

    Do you know is the Pilot LX 36/36k is also 0.00154? What is the residual on the Pilot LX on this special?

    Thanks!
    Dennis
  • dwynnedwynne Member Posts: 4,018
    Hey car_man,

    Any REAL resson why a dealer in one state would not lease a car to someone in another state?

    I have leased from dealers in several states before without a problem, but a Honda dealer is telling me that he can't lease me a car since I am in the "Wrong" state.

    Sounds like he just does not want to fool with the extra work to me....

    Thanks,
    Dennis
  • coffee_fancoffee_fan Member Posts: 12
    State is WA.

    Thanks
  • love330convlove330conv Member Posts: 19
    My dealer is asking for $200 more than the minimum acquisition fee ($625) for lease of 2005 330Cic.

    Is this normal or he's ripping me off?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Jason. The Subaru Legacy is a very nice car, though the new Subarus are getting pretty expensive. I would be more than happy to give you an idea of what Subaru's current lease program is like on the 2005 Legacy GT right now, but in order for me to do so 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.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    That's not a dumb question at all, Mark. Even though manufacturers often include sample lease payments that require a down payment of several thousand dollars, consumers are free to lease any vehicle they want without making any sort of capitalized cost reduction. Of course, the monthly lease payment for a vehicle that was advertised with a down payment will be higher for a zero down lease unless you negotiate a significantly lower selling price. Typically, at lease signing, consumers have 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, the acquisition fee of the bank that they are leasing through (which is usually a little over $500), and any required state taxes, license, and title fees.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    That is a very good question, phatjay27. I do not personally know how sales tax would be calculated in Illinois in this situation, but you may be able to find an answer to your question by visiting one of the following sites: CyberDrive Illinois or Illinois Department of Revenue.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'm jealous, love330conv. Not only are you getting a beautiful car, but you're also going to Europe to boot :). In order to decide whether you would be better off leasing or financing this car, we need to take a look at this car's current lease program. BMW Financial Services' current base lease money factor for the 2005 BMW 330Ci is .00080. This factor is equivalent to an interest rate of around 1.92%. As you can see, the interest rate that you would be paying if you were to lease this car is significantly lower than the finance rate that you would have to pay. Even though you would have to pay BMW FS' acquisition fee of $625 if you were to lease, you may find that you would be better off leasing.

    Other than the fact that you would be able to get an extra low purchase price for this car, I am not aware of any benefit that on receives for leasing through BMW's European Delivery program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Ahhh, I see you posted a later message containing the information that I asked for, Jason. OK, if you were to lease a 2005 Subaru Legacy GT Sedan through its captive finance company right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00120 and 46%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Still looking at Infinitis, huh, hpowders. Here is the info that you're looking for. If you were to lease a 2006 Infiniti M35 Sedan through IFS right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00173 and 61%, respectively. The numbers for an otherwise identical lease od a 2006 Infiniti M45 Sport should be .00175 and 61%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, dlee3. I definitely would not say that Texas is a lease friendly state. Traditionally, balloon notes have been as popular as, or even more popular than leases in Texas because of how sales tax is calculated on leased vehicles there. Financing the ES 330 that you are interested in would be an alternative for you. Right now, Lexus is offering 4.26% financing for up to 5 years on this model.

    Car_man
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  • jimbojonesjimbojones Member Posts: 4
    Car Man,

    I see that the local Volvo dealer is hot to unload its remaining 04 C70 convertibles. The 04 C70 LPT model I am looking at has MSRP of $42,610 and an anticipated selling price of $34500. I would want a three year lease at 15k per year. What can I expect to pay and what are the money factors and residuals??? Can I do better on a final price given that Volvo is not making an 05 model??

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, dguptaofnj. Let's calculate a lease payment on the MDX that you mentioned in your post. According to my calculations, if you were to lease a 2005 Acura MDX Touring (no NAV or rear entertainment) with an MSRP of $40,295 and a selling price of $36,750 through American Honda Finance Corp. right now for 3 years with 15,000 miles per, its zero down, pre-tax monthly payment should be around $469. The fact that we are approaching the end of the month and the end of a quarter will probably work to your advantage when trying to negotiate an attractive selling price for this truck.

    Car_man
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  • bama12bama12 Member Posts: 17
    CarMan-

    Would you be so kind as to confirm the current MF and residual for an 05 STS V8 leased for 36 months @ 15k per year are .00197 (or 4.75%) and 56%, respectively? Thanks again for all you do for folks on this forum.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You never specifically said so, but I guess that you are asking me to calculate a sample lease payment on this truck for you, coppamc. The problem with doing so is the selling price that you provided me with takes $3,750 in cash incentives into account. GM's normal customer cash incentives cannot be used on vehicles that are leased through GMAC. If you let me know what state you are in, I can tell you what cash incentives are currently available on leases of the 2005 Buick Rendezvous. Then you can adjust this truck's selling price and we can calculate an accurate lease payment on it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, seden. Thanks for the additional information. According to my calculations, if you were to lease a 2005 Honda Accord EX-L without navigation with an MSRP of $25,515 and a selling price of $22,600 through American Honda Finance Corp. right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $300.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome kracker2k. 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.

    As far as inexpensive vehicles to lease go, the Saturn ION 1 Sedan lease that you mentioned in your post is the least expensive advertised lease payment that I have seen recently. You actually should be able to lease this car for less than the advertised payment because you qualify for GM's supplier purchase program. Other relatively inexpensive vehicles to lease would include the Honda Civic, Toyota Corolla, Chevrolet Cobalt, Chevrolet Aveo, Volkswagen Golf, and even a base Subaru Impreza.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Smith83. In your earlier post you stated that the selling price of the 2005 Infiniti M35 AWD Sedan that you are interested in is $46,000. Now you are saying that its full MSRP is $45,760. Are these numbers right? You consumers almost never have to pay more than full MSRP for vehicles, even on a brand new model like the '06 M35.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Chris. I don't remember the specifics of your deal, but American Honda Finance Corp.'s base lease money factor and residual value for a 36 month, 15,000 miles per year lease of a base 2005 Acura MDX should be .00196 and 62% through the end of the month. This money factor assumes that you are not having your security deposit waived and that you qualify for AHFC's top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here is the information that you are looking for, evan7578. According to the latest information that I have seen, if you were to lease a base 2005 Acura MDX through AHFC right now for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00220 and 59%, respectively. Acura's lease support on this truck is only available on leases of up to 36 months in length, so you would actually be better off leasing it for 36 months with a money factor and residual of .00196 and 62%. The factor for an otherwise identical 36 month lease of an '05 MDX Touring would be the same, but the residual value would be 60%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Wow, this is going to be a banner sales month for the Acura MDX ;). Singsing, you should be able to answer any questions that you have on leasing this truck by reading my last several posts.

    Car_man
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  • jasonmstonejasonmstone Member Posts: 3
    Hello, Car_man. I'm obviously a retard... here's all the info (hopefully I won't omit anything this time). LOL

    Subaru Legacy GT Sedan - Manual
    Lease term - 36 months @ 12,000 miles per year

    I went and visited a local Subaru dealer a couple weeks ago, and he said that due to the high competition in this area, you can get some smokin' deals on these cars. He said he could honor the "Internet Price" they had listed on their website. The MSRP of the car I had in mind was $27,047... but I could get it for $23,686. Does that sound reasonable? I'm interested to see what the residual is on this model and the money factor.

    Thanks for all your help,
    Jason
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