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1) What is the net cap cost for this deal ?
2) What is the money factor for this deal ?
3) Is this deal available on other RX-8s besides this base model ?
I will post if I hear something back.
Dennis
Thanks,
- Jimmy
Anyway.... She wants the 2005 TL auto w/Nav. The full MSRP is $34,650 with a dest. fee of $545. The invoice is $31,575. I checked on line and I believe these #'s are correct. I would like to get this car for $32,000. 48 month lease with 12k a year. We took her trade (2002 Toyota Camry LE with 45,000 miles) to 1 of the local dealerships and they "appraised" the car for $10,500 and her buyout is $14,500. I assume they are rolling $4000 into the new lease. From what I gather the buy rate is .00220 and the same dealership quoted me a buy rate of .00230. I am doing my numbers and I am coming up with a total monthly payment (with $2,500 down) of $485 - $500. I want to do the very best though without looking like a pain in the [non-permissible content removed]. I am in sales too. I was also wondering if the Dest. fee of $545 is negotiable or again am I being a pest. The car is on the lot. DWYNN gave me a residual rate of 59% w/Nav but that was for a 36 month lease. I don't know if that changes for the 48 month lease she wants. I knew nothing about this 5 days ago so this is all a crash course!!!
I hope I have given you all of the necessary info you need.
Please help
Now if you want the contents of your vehicle protected an aftermarket alarm will do this. The bypass modules as referred above are needed for remote start functions. Honda's require only one, additional protective modules such as radar or glass or almost useless.
Regardless go aftermarket to a reputable shop, the dealership does not install these, they are sourced out, most likely you'll end up at the same place the dealership uses, less the mark up.
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Also, In NY,When you trade in a vehicle its value is used against the purchase price of the new vehicle when figuring sales tax....DOes this benefit extend to leasing? I have not traded in on last few cars I leased and don't remember..Planning to trade this time.
I am debating between a Max for 3 or a loaded Altima for 2 years. THey come out with similar payment using Aprils numbers..
ALso..Does the Altima SE lease program include the SE-R model?
Thanks!!!
A friend here at work is looking to lease an '05 Pacifica Touring FWD (with the 26T package). We get preferred pricing, so it works out to the following:
MSRP $30,940
selling price $25,531
He wants to know what it would cost to lease at this sell price. So if you could provide money factor and residual at 36 and 48 months, I would be appreciative.
Thanks!
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Last night I signed Accord LX lease.
Here are the detail:
Accord LX 4 DR 4 Cyl Automatic (comes with standard options, so no further additions needed)
3 years/ 15000 miles per year
0 down $260 per month for 36 months. (this includes NJ sales tax, Motor Vehicle fees, documentation cost etc)
If I was willing to hunt more I could have got 250 per month at some other places.
After signing the lease, finance dept asked me whether I was happy with the service and how I would rank the dealership in the manufacturer survey. I told I would rank it high. He gave me 2 years of oil change, 3 years of roadside assistance, 3 years of tire/ trim assistance for free.
Thanks Car_man and Dennis for hosting this valuable forum. Thanks fellow drivers for keeping this forum uptodate with the latest information. This is my first lease and without help of all of you I would not have dared to enter the process.
In fact before reading this forum I was thinking of Altima / corolla. But I came to know about Accord LX deals here. So I started getting quotes from edmunds. Checked inventory/ prices by calling internet managers (same as sales managers/fleet managers in many cases). Also since Accord LX has all the options factory installed, it is easy to compare prices.
Thanks again.
My lease on my 2002 VW Jetta is coming up next month and I need to get into something else. I have been looking and looking, but cant seem to find a decent deal on a higher end sporty car. I have looked at the A4, G35, and 325i. Yesterday, Infiniti said the lease would be 579/ month for 36/15k. Which i thought was craziness because I too can do the math. What would you reccomend that you can get a good lease deal on right now? Im looking to stay in the low 400's if possible. Thanks for your suggestions.
John
regards,
kyfdx
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The G35 is a nice car and leases REALLY well. You should be able to get the sedan for just a few hundred (maybe $500?) over invoice and maybe a little higher for a coupe. With its high residual and a decent MF the lease would not be too bad. Of course, it all depends on how many options to put on the car, but with the premium pack it will be upper $400s to lower $500 + tax.
I have my eye on an RX-8, it is a hoot to drive but does have some issues (poor mileage and does not lease well). But it IS a four door, legit 4 seat sports car. Did I mention it is fun to drive? They do have a 24/24k lease deal for $299/month right now, but getting one with some options is going to run more money.
The Subaru Legacy GT is an appealing car, not has high end as a G35 but might meet your criteria.
One other to look at is the Lexus IS300. Lexus can't seem to sell them (454 last month and only 1,774 YTD) so I would THINK you can get a deal on one - and maybe some promo lease money as well. The new re-designed IS is coming soon and will really make the old ones hard to move. Same is true if you look at a left over GS300, the new GS is a ton better - but a lot of dealers have the old ones on the lot and need to move them.
Dennis
I know this is not the case according to a federal law, I believe the Magnusson act. Do you think there is any chance an aftermarket shop installing an alarm can cause any electrical damage to the car, really not proficient with alarm systems. Any help would be appreciated, thank you again for your reply.
Also do you currently know what AHFC is charging for residual and money factor for the month of May on an EX-L, since I will be leasing within next few weeks, in NY area.
I saw your previous post that AHFC's lease acquisition fee is a whopping $1,095 in New York for an Acura. Does this apply to Honda also and is this price negotiable ??
Thank you again
I have a trade which is about 1000k-3500k equity depending on the dealer and the deal... I have an offer of 379 15k 36 for a Maxima SE with DPP MSRP of 31850(April offer..if lease extended I could still negotiate maybe a bit more). They get the trade and no other cash.
I would love a G35x but don't think I could get same terms. I can't spend any more with the wife approval factor figured in cause I just bought her a Pathfinder LE in February.
I am considering getting an Altima SE-R or loaded SE 3.5 instead for a bit less a month but only 24 months so I can get into another car sooner.
Which car would you reccomend in this price zone?
Also , do you know if Trade value affects sales tax in NY when its a lease?
http://automobiles.honda.com/models/specifications_full_specs.asp?ModelName=Pilot&Category- =ALL
and if you look at the Handa web page (the alarm for the LX is just $254.40 but you have to put it in yourself) it says:
Security System
Genuine Honda Pilot security system kit. Remote operation, door ajar warning, auto relock function, lights dome light on disarm, sounds horn and flashes lights when triggered, glass breakage detector, door and trunk sensors. Also adds Keyless entry feature. Includes everything necessary for install including fully integrated wiring harness.
2003-2004 LX Models Only (EX model comes from the factory with an alarm)
http://www.handa-accessories.com/pilelect.html
So the dealer is blowing smoke - besides that is why you pay the big bucks for insurance.
Dennis
Dennis
TIA
Chris
$379 sounds like a round number that a dealer came up with. I prefer to negotiate a really low price on the new car, negotiate a fair deal on the trade, then get the buy rate on the lease. This will almost never come with a $379 or $399 a month price - more like $341.17 or something. Generally if you just go by payments you are paying too much.
If they bring back the 24 month lease deal that can be a good deal, but that is normally not as sweet a deal as 36 months since so much of the depreciation happens that first year. Now when they have those special really high residuals then 24 months lease make "sense".
Does NY make you pay tax on the whole purchase price? I think they do, so then you should only pay on the different between the purchase price and trade in allowed. $30k new car $10k trade = tax on only $20k. If they do not, then there may not be much tax benfit from the trade - so you might come out better selling the car yourself.
Dennis
A lot of dealers are now leaving this out of their quotes, since this makes their deal sound better VS someone else. When comparing prices you have to get a quote that includes the car, destination, and any dealer or doc fees. If you don't, you can't really compare deals - or like you can't the number to work out since your price on the car does not include these fees. You negotiated $32,000 for the car (only) is seems, then they add the lease acquisition fee, the destination fee, and any dealer fees on top of this number. So your money does not go as far towards the cap cost reductions.
BTW, most folks recommend against paying any money down on a lease.
Dennis
Dennis
I posted a question regarding a lease on a 2005 Lincoln Navigator , post # 19705, and I haven't heard a response.
I was wondering if I could get a bit of help.
Thanks.
LB
I don't now the various lease options.
Can you help?
Lease payments are based on the projected residual (worth of the car at the end of the lease) and your low negotiated selling price. Unless the captive lease bank has a inflated residual the REAL residual drops a ton the first year, less the 2nd year, and still less the 3rd year. With 36 payments you have more to pay for, but the first hit is spread out over more payments.
For example, the 24/24k residual on a G35 coupe is 69% or $25,033 (ALG) and the 36/36k residual is 59% or $21,405. This is on a 6m coupe with some options with an MSRP of $36,280. Say you negotiate the price down to $34,500.
On the 24 month lease you have to pay for $9,467 worth of car or $394.46/month not counting interest or taxes. On the 36 month lease you have to pay for $13,095 worth of the car, but paying it out over 36 months is $363.75 per month. Given the same MF (0.00215) the difference in the payment is $38.50 a month CHEAPER for the 36/36k lease.
What Nissan and other captive lease banks did/do is make a 24 month special with an inflated residual to get the lease payments low and roll the cars off the lot. In two years they will then have to figure out what to do with all the lease returns that are worth thousands less than residual. But the March and April numbers for this year look better, and that is all that counts (now).
Dennis
I am interested in a 24 months lease on a GC Laredo. I know in 2 years I am going to need something w/ a third row and by then the Jeep Commander should be available. I need to keep my payments down and now w/ your input I don't know if that will be possible. I do not think I could get by w/o the third row for a year. Too many kids :-). Any suggestions?
2005 9-3 Linear Convertible (New)
Black
Parchment standard (cloth) interior
Options: Automatic + Heated seats
MSRP: $39,670
Selling Price: $32,319 (before taxes, title fees, etc.)
My location: Lake County, IL
Have never leased before, but last month Saab appeared to advertise some subsidized lease specials, so I definitely want to consider the option.
Thanks in advance for any assistance.
Honda had some promo lease deals on their Pilot with 3 row seating, and I (personally) would take one over a Jeep any day - but I don't drive off road and neither does 99% of the SUV owners either.
Either that or perhaps tubal ligation or vasectomy would eliminate the need for the third row
Dennis
I own an aftermarket shop that dealerships subcontract work such as this to. They often use scare tactics like this in order to mark up the accessories they want to sell and not have you cut them out. Customers no longer want under coat protection although convenience features such as these are often times an additional revenue stream. A post above refers to a Honda alarm, remember Honda corp. does not manufacture alarms, this is most likely a product of DEI or Audiovox (the two biggest names in aftermarket products such as these). Dodge for example offers a similar accessory remote starter, priced around $299 plus installation. The dealers do not install these, the work is subbed out. This dealership sounds suspect to say the least, have you visited another dealership to compare pricing and add-ons?
As far as damage is concerned, yes a shop that is not reputable can damage your vehicles electronics, usually in the form of blown fuses. In some cases when installing radios, other functions are lost, such as steering wheels controls. With that being said, a reputable shop can install products that will last the life of the car and do so without compromising the integrity of the electrical system. They are usually higher end independent shops, not the local Best Buys or Circuit City's that employee 18 year olds with little training or experience.
PS: Car_MAN sorry for the long post regarding a none lease question. But it is related to a deal....I'm sure this will be back page in about 1/2 a day.
2005 Toyota Tundra Double Cab 4x4 V8
Extras: FE, CK, EJ, AA, JC, JZ, KE, LD, LF, PG, TO
36 months/15,000 mi per year
Money factor: .00011
Residual: 19,192
Money due at signing: 1299
Monthly payment: 339
This seems like a great offer, but am I missing something? Thanks in advance for any input.
the car I am looking at has an MSRP of 38,410. I will probably do 36 months at 15K miles per year and 3,000 down. I am going to try and negotiate a price at 1500 - 2000 over invoice.
Do you happen to know the May residual and money factor for this car at 36 months and 15K miles??
Thank you so much for your time Carman
You said to give you a reminder on residual/money factor figures for an FX35 RWD Touring pkg, 42/48 mos, 15k miles, MSRP 38440, sales price 35,482 plus 6.25 sales tax (thank you state of Texas).
Also, Dennis--if you are reading....do you think I could get a Lexus IS300 manual w/nav & leather for 36 mos for around/under 400/mo? I know they are coming out with the new body style so these are sitting on the lot, wondering if they will heavily discount....
Thanks to you guys for your advice and info....love this site...it's so much help!
Chigirl
I am in the market for this same Envoy XL Denali.
Would you confirm your residual for the 48 month lease?
I'll do a 4 year at 61% in a heartbeat....
Thanks....
Car is no longer at the dealer, it's in my garage now
I decided yesterday that it wouldn't make sense to wait and take a chance. The deal was fair, and the salesman honorable. No tricks and no attempt to renege on the deal. Drove the new Cabriolet home yesterday and really enjoy the ride and feel of the car. Big difference from my previous Chrysler Sebring Convertible. I ended up with a car that has lots of gadgets with the Nav integrated in the radio. :surprise: It will take me awhile to learn all of the computer features, but that should be fun. Payment is higher than I wanted, but the car has $4,000 in additional options / features. (The only way I could get a car in the colors that I wanted, with the Sirius radio built in)
Also wanted to let you know that the early termination of my lease on the Chrysler Sebring went very well. I ended up with Carmax paying the Lease company for the car, and I walked away from the lease five months early with out any liability. I can't say how anyone elses experience has been with Car max but, my transaction was efficient, painless, and quick. :surprise:
I believe that you have now assisted me with my 7th lease. I know that each time I have gotten a very fair deal, with the knowledge that you share.
THANKS AGAIN
Gary W (gwarren)
$24,500 capitalization cost
.00034 money factor
55% residual value
36 months @ 15,000 miles per year-$359 per month
If any of these factors look out of whack please give suggestions.
Thanks,
Ryan
Hi Car_Man,
I'm finding that the SE Distributorship is very low on inventory especially for the Limited.
While I can order a car from the factory...that would be 8+ weeks.
I was really hoping to get something off the lot, but all Limited Avalon
s are basically pre sold. I even told dealers I was willing to drop down to the XLS- and even then it's a 2 week wait.
So, as odd as this question is- what are some states that are best to lease outside of FL?
Meaning, states that are favorable to car leasing...tax just on initial payments, noit the whole vehicle.
BTW, when I get my FL Driver's license I'll be an 'out of state' buyer to NY.
Is there anything favorable about leasing a vehicle outside one's home state?
Aside from the obvious mileage- anything to look out for when leasing from oustide your home State?
Thanks in advance.
Regards,
Dean
Which get the most inventory?
Thanks.
Dean