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MSRP: 35100
SELLING PRICE: 33000
TERM 27MO /12K per year
RESIDUAL: 71%
MF: .0023 (not AHFS)
TAX (NY): 8%
$1618 Down, includes first payment, $795 bank fee, $189 doc fee, $79 registration, and $63.60 tax on bank fee (he says NY charges that)
All this and he came out to $491 per month including tax.
When i ran all his numbers through the lease calculator i got $467 per month with tax.
Can you please help out with this? I am assuming the leasing formular is the same for everyone.
Thanks a lot!
PS. What is the AHFS rate for this car for June? According to dealer its still .0024.
Back again for another Honda Lease (last month it was the Pilot EX). What is the current MF and residual for a 36 mo/15K yr lease on an Civic EX in New Jersey? In a previous post you indicated that the MF and residual for the same lease on an Accord LX I-4 is .00031 and 52%. Is this still true?
Thanks again for your help,
Zed
I am in the market for a 2006 Range Rover HSE but have been unable to determine what residual and money factor Land Rover Financial is offering for 12K/36mo. Also, what is the base acquisition fee and does LR have a multiple security deposit program?
Any help would be appreciated. thx.
Do you have the June MF and Residual on the following 2 cars:
Maxima SE: 2Yr/15k miles a year
3yr/15k miles a year
G35x without Navigation: 2Yr/15k miles a year
3yr/15k miles a year
Thanks in advance for your help
I am interested in leasing a 2005 Saab 9-3 Linear or Jeep Grand Cherokee Laredo 4x4, or a Pontiac G6 GT.
Do you have the June MF and Residual Value for these cars for both 2 Yr/15k miles a year and 3 Yr/15k miles a year.
Generally speaking, is it better to lease a car for 2 years or 3 years? Also which one of these cars, in your opinion, has the best lease offers you have seen for June?
Thank you for your help.
Thanks so much!!
Craig
The dealer has offered $36,355 (invoice) for the MDX Touring (no navi, no DVD) in New Jersey. Standard 36 month/36,000 mile lease. The MSRP is $40,295 without any options. I also agreed to pay $482 for the running boards, the only option I'm looking for. The Acura website lists the running boards for $550.
Does this sound like a good deal or do you think I can get below invoice in my area (area code 07922)? For this deal, what lease payments should I expect at $0 down (sign and drive)? What about first month, but no other fees or taxes? I want to roll these into the lease. Thanks!
TrickyDick
We were thinking about leasing an automatic Honda Accord LX. How does this sound? The Sign and Drive lease option is $299/mo with no cash due on delivery and includes all tax, title, and fees.
Selling price for the vehicle is $19,176.96
Invoice on the vehicle is $19,086.59
MSRP is $21,090
money factor is .00041
The residual is 49%
Thanks!
I am also interested in the June numbers for a BMW X5 3.0i as well.
Thanks.
I want to lease 2005 Acura TSX. Dealer offered $455 (with navigation) and
$400 (w/o nav), based on $28,500; 0 security; inception $1798; 12,000 miles/yr;
36 months.
I know the nav system is a luxury that I don't need - I was hoping to spend about $375/month. I probably could get close if I don't take nav.
What is your opinion of this deal? Could I do better? What else do I need to know from the dealer? He said there was a very close margin between price he offered me and the msrp. Is this an accurate statement. What else should be stipulated in the lease that the dealer may want to exclude?
I'm returning my leased 2003 VW Passat. Had taken extra mileage due to longer commute than I now have, so I'm turning it in way under allowed mileage.
Now, I have 42,000 miles. VW calls for a 40,000 mile service with cost of hundereds of dollars. Just started hearing a "funny sound" coming from under car.I thought I would take it to my local mechanic for oil change and check-up. They called and said I need new rear brakes (had already replaced front brakes) as well as 3 new tires IMMEDIATELY! (had already replaced one tire due to pothole damage). I freaked out, but told them to do it. $800 dollars later and the next day after school, hubby sees HUGE crack in front windshield, wasn't there in the A.M.
Oy, vey! Too large to be repaired, the auto glass place says. Cost @$350 to replace. Guess I have to do that, too.
VW company sends letter re: having car inspected by company that, I guess, works for them and comes to my to do it. Letter says all required servicing needs to be completed before car is turned in. QUESTION - DO I NEED TO DO THE
40,000 MILE SERVICE?
Sorry for having to ask all these questions, but there are a lot of issues.
Hope you can give me feedback ASAP.
THANKS.
rorog
Terry.
Is it basically appropriate to view the dealer as more of a middle man (person) in a lease transaction than in an outright sale--where it's a direct buyer to seller (dealer) transaction? Does the dealer really "sell" the vehicle to whatever financing arm (lessor) is involved, and, in effect, process the paperwork for the financing/leasing party and the lessee? In this case, the only difference from the dealer's perspective over a traditional sale would be a different buyer and an additional party?
From reading this board and others, I think I've gathered that the dealer's "end" in a lease is 1) any profit on the "sale" of the vehicle--same as if I bought; 2) any amount by which the dealer may be able to "mark up" the money factor (if one allows it); and (3) any associated fees, although I'm unclear as to whether the acquisition fee goes to the dealer or the leasing party and whose "profit" that is. I'd also be interested to know if, for purposes of their own dealership incentives with the manufacturer, if processing a lease is the same as an outright sale. It seems that it would be, since it's still a "sale."
The larger question is all of this, I guess, is does it really matter to the dealer whether one buys directly or leases, aside from the applicability of any manufacturer rebates to the buyer that don't apply to leases.
I hope this isn't too arcane a way of looking at things but my mind sometimes works in strange ways. Thanks very much in advance for any answers.
I need some help -- apparently, they way Infiniti does their lease calculations are different from everyone else -- I can't seem to get the dealers' numbers to match with mine.
Here is what I have now :
G35X base sedan, with splash guards, trunk mat, and sunroof.
MSRP : 34,330
Selling Price : 32,000
Current Money factor : .00185
Residual : 60%
I am in Philly, at 9% sales tax.
Dealer quoted start up fees as being : 550 bank fee, 133.50 for tags, 51.33
tax on bank fee (I have also in the past paid sales tax on property tax -- are we taxing too much??).
Here is what I am being offered :
Total drive away, including first payment is 1175.97.
We have the car...2005 G35x in twilight blue and wheat interior with sunroof and trunk mat, MSRP $34,330, selling price $32,000, invoice is $31,560 and my dealer cost is $31,704. Using 12k miles/yr, money factor .00185 and 60% residual...
Option 1:
36 mos @ $440.81/mo incl PA sales tax and with $1200 inceptions (1st mo, bank fee, tax on same and tags). Actual inception is $1175.97.
Option 2:
Add two $450 security deposits = $900 = reduction of 0001 in the money factory for each security deposit = new money factor of .00165 = new payment of $429.26/mo.
BTW -- does anyone have any experience with multiple security deposits? Generally, I was told Infiniti will shave 0.001 off the money factor for each additional security deposit. The way I look at it -- if I put the 900 into the deposit, I save about 11/mo. That is 130 a year. If I put the same 900 into a 3 year CD, I could probably get around 4% nowdays, which would total 36/year. Over 3 years its 390 - 108 = 282 in savings. Am I counting correctly, or is there something wrong with my math??
Also, is it more difficult to get the multiple deposits back at the end of the lease?
If someone could verify the numbers to make sure they add up, and also any advice on the selling price is appreciated -- I am about 300 over invoice now -- should I try to push my luck to get invoice, or get the car this month as is, and let go?
Regards,
Eugene
I wanted the X5 and the wife wanted the XC90. She won that battle and we just signed for the XC90 today. The MF was .00148 and the residual was 59% for 10k per year. I would imagine it would be 58% for 12K.
Also, I was able to get below invoice for the XC90 with premium, versatility, climate, rear assist and entertainment system.
Thank you.
hpowders
I got the exact same quote for a BMW 3.0 with premium package and automatic transmission. Although I'm a bigger fan of the BMW, for the $ the xc90 definitely gives us more--- third row seating, a very cool 2 screeen entertainment system, rear backup sensors, heated seats
The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. When one is looking to lease a vehicle, it is important to negotiate as slow a selling price as possible. Once you have arrived at an attractive price, have the dealer that you are working with calculate your car's lease payment using Honda' base lease program.
You should be able to purchase a used vehicle from the same dealer that you lease your new Accord from if you would like, but getting both vehicles from the same dealer will not necessarily help you to get a better deal on either of them. Dealers are going to sell vehicles for what they feel they are worth, getting them to sell two vehicles for a lower than normal profit, especially when they are already making very little profit on Accords already, probably will not happen.
Vehicles' residual values are set by banks and individual dealers do not have any authority to alter them so you will not have any luck in negotiating this aspect of your deal. The best way to look at leases is to try to negotiate the lowest monthly payment possible. Then at the end of your deal, you have the option to purchase your vehicle if you feel that its price is fair. If you feel as though its lease-end purchase price is too expensive, you can try to negotiate it with the bank that you are leasing it through. If they budge, great, you are getting an additional discount, if no, just turn your car in and walk away.
You should be able to easily get a new Accord for invoice or a couple hundred dollars below right now if you comparison shop with a few dealers.
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I am due to turn in my leased 2002 X-Type Jag in August and am deciding between a 2005 3.0 Jaguar X-Type and a 2005 2.0T Audi A4 Quattro. The Jaguar has a MSRP of $38,265 and selling price of $34,000. The Audi has an MSRP of $34,620 and selling price of $34,280. Both leases are 36 months and 10,000 miles a year. I believe you have a preference for the Audi and I agree after test driving it, but I am aware of the $3500 cash to dealer on the Jag and am entitled to a $1000 loyalty, so wonder whether I can do much better on the Jag. What lease payments would you come up with on each? Thanks so much-Beth
Here are few details I got from dealer about Audi A8 lease. MSRP is 75570. Selling price is 74439. Inceptions are NJ tax plus MV fees. And residual is 43502.
My lease payments are 967/month for 36 months. Does this sound right?
What if I just went for car with no added options. Then MSRP would be 70800, & my selling price would be 69800. How much less my payments would be?
Thanks you very much for your expert advice.
The Acura salesman is way too high. They have a program on a 42 mo. lease. ASk about it. I got a rate of around $380. without even negotiating. I di not think very highly of the salesman. A more serious salesman will help you more. I think you should be at less than $350. Your target should be $325. I am adding 6% NJ Slaes Tax.
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I had posted this a couple of days ago and didn't see that your had answered it so here is what I had asked of you:
Car_man: I had requested this info in May but I need it again as I decided to wait until my lease was up this month.
Do you have the June MF and Residual on the following 2 cars:
Maxima SE: 2Yr/15k miles a year
3yr/15k miles a year
G35x without Navigation: 2Yr/15k miles a year
27months/15K miles a year (I see a few 27 month deals in the paper so maybe they have a speacial rate for 27 months)
3yr/15k miles a year
Thanks very much for your help
Your right I no longer have my BMW. It was a great car but thats another story. I hope to get another one some day. I was wondering if you got any lease figures on the Buick Rendezvous. The breakdown on the car I'm interested in is as follows:
MSRP: $28,190
Selling Price: $21,815
Residual: 67%
Money Factor: 5%
Term: 24 months
They are quoting $234/month with a total of $1,500 down. This includes 1st month, security deposit, tax, tag & bank fee. Thanks for all of your help.
Thanks a lot, as always!
Since this discussion is so busy, it would probably be helpful to car_man if you would just copy & paste your post into a new message if he's missed it. That will save him having to skip back & forth. Thanks!
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With the new GM Employee Discount avail, I'm looking at the Saab 9-7x. Unfortunately, the GM site doesn't list the Employee price on either model (I want the ARC, MSRP of $40,990) -- carsdirect.com says it should be $37,768, which is the Invoice listed on Edmunds.
What is the lease rate/residual for this vehicle -- both 2 yr and 3 yr lease, 15K miles per yr.
Do you have any other information in general for all of us on the GM new plan that all of us can use?
Thank you very much.
MSRP: 35100
SELLING PRICE: 33000
TERM 27MO /12K per year
RESIDUAL: 71%
MF: .0023 (not AHFS)
TAX (NY): 8%
$1618 Down, includes first payment, $795 bank fee, $189 doc fee, $79 registration, and $63.60 tax on bank fee (he says NY charges that)
All this and he came out to $491 per month including tax.
When i ran all his numbers through the lease calculator i got $467 per month with tax.
Can you please help out with this? I am assuming the leasing formular is the same for everyone.
Thanks a lot!
PS. What is the AHFS rate for this car for June? According to dealer its still .0024.
Here are few details I got from dealer about Audi A8 lease. MSRP is 75570. Selling price is 74439. Inceptions are NJ tax plus MV fees. And residual is 43502.
My lease payments are 967/month for 36 months. Does this sound right?
What if I just went for car with no added options. Then MSRP would be 70800, & my selling price would be 69800. How much less my payments would be?
Thanks you very much for your advice.
Could you give me the residuals & money factors for both 24 month-24K miles and 36 month-36K miles leases on these 3 vehicles in NJ: No money down.
2005 Buick Rendevous Ultra AWD 1SE MSRP: 40,100 Sell: $33,993.10
2005 Chevrolet Avalanche 1500 4X4 LT MSRP: 41,805 Sell: $32, 551.65
4 dr. Crew Cab
2005 Saab 9-2X Aero Manual MSRP:$27,645 Sell: $19,425.00
Also, what are GM's security deposit and bank fee requirements in NJ. Thanks.