Lease Questions - Ask Here

CarMan@Edmunds

Thanks for the additional information Gary. Let's take a look at the numbers. You are interested in leasing a 2002 Mercedes-Benz ML320 with an MSRP of $44,600 and a capitalized cost of $42,300 through Mercedes-Benz Credit Corp. for 3 years with 12,000 miles per. According to my calculations, the zero down, pre-tax monthly lease payment for this deal should be right around $619.

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kmurray66

Please provide residual % and money factor for a 36 month 12K lease on a 2002 Explorer (Eddie Bauer - 4WD). Thanks.

CarMan@Edmunds

Fgrethel, three new vehicles! Wow, you certainly have your work cut out for you. Let's see if we can dig up the info that you're looking for. If you were to lease a 2002 VW Passat Sedan GLS 1.8T for 3 years through VW Credit right now the base lease money factor should be around .00164, the 15,000 miles per year residual value should be 56%, and the 12,000 miles per year residual value should be 58%. If you were to lease a 2002 Audi A6 Avant 3.0 Quattro for three years through Audi Financial services during the month of November the base lease money factor should be .00215, the 15,000 miles per residual value should be 55%, and the 12,000 miles per residual should be 57%. If you were to lease a 2002 BMW X5 3.0 right now through BMW FS for three years the numbers should be .00260 / 63% / 65% and for the 2001 version of this truck they should be .00220 / 59% / 61%. Last but not least we have the Toyota Highlander. I know that the 3 year Toyota Financial Services lease money factor for this particular model should be around .00270 at this time, but I won't have an opportunity to check out its residual values until tomorrow or Friday. Please feel free to check back with me then for the exact number.

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CarMan@Edmunds

Hi Jake. Infiniti has some very low lease money factors available on the 2001 QX4 right now. If you were to lease one through IFS for 39 months, you should be able to use a base factor of .00040 for the 2WD and .00050 for the 4WD version, which are equivalent to interest rates of right around 1%! That is the good news, the bad news is that for this term the 15,000 miles per residual value is a somewhat disappointing 48% for the 2WD and 49% for the 4WD model. Infiniti is actually advertising a lease on the 2001 QX4 4WD right now for $399 per month with three grand down over 39 months and with 12,000 miles per year. I thought that you might find this advertised lease useful as a point of reference. If this is a vehicle that you would enjoy driving for a couple of years, I certainly don't see anything wrong with leasing one. The lease program that is available on it right now is quite reasonable.

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CarMan@Edmunds

Hi Mike. Generally speaking the domestic products that you mentioned in your post have fairly low lease rates available on them at this time, but unfortunately their residual values are also fairly low which make their lease payments relatively high. The Acura TL on the other hand has no lease support available on it, but good residual values and a decent standard lease money factor. Both the TL and the CL would make good cars to lease in my opinion. I don't know if you need a vehicle with 4-Doors, but even though its residual value is slightly lower than the TL's the CL has an outstanding money factor on it right now and a very negotiable price. The Lexus IS 300 SportCross seems to be fairly similar to the models that you mentioned. It has a good lease money factor and a negotiable price as well.

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thebot

Car_Man

What is the depreciation and money factor for a 2002 Jetta GLS 4DR w/Automatic for 4 years and 15,000 miles a year?

Thanks Car_Man

goldmantx

I was speaking with a Toyota salesperson today about leasing and trying to get information on a 2WD Sequoia SR5. He mentioned something about a 5 year lease but being able to trade it in after 3 years. I didn't have the time to prod more, but was curious after I left.
Anyone heard of a program like this? I would assume you would have to stay with a Toyota so there's one catch, but wouldn't you have to pay all the early term fees and pay off the lease???

Also, anyone have the 2002 Sequoia SR5 2WD money factors and residuals? (That's what I had been inquiring about)

Thanks in advance.

cupholder1

anyone can trade a leased car in at any time, just like with a financed car. However, if you are upside down on the lease, trading in will cost you, big time.

Leasing for 5 years is just nuts. The point of leasing is that you get new cars all the time, and are never out of warranty.

cupholder1

Car Man:

Can you please run 36 month/15k miles numbers on the A4 1.8T, without quattro. Looking for numbers on both the 2001 and 2002 models. Thanks.

ededwards1

Car Man, I have three questions:
1) Last lease we got into we were unsure of the itemization which was the following
Gross Cap - 19,496.99 I understood this
Cap Cost Reduc - 1,800.00 My "down payment"
Adj Cap - 17,696.99 OK so far
Resid Value - 13,315.20 OK
Deprec and any Amortized Amounts - 4,381.79 OK
Then there is RENT CHARGE of 3,070.20 Car Man, was this the money rate factor amount?
Finally, Total of Base Mo Payments - 7,452.00
Lease Payment for 36 mo was $207.00
This for a $20,500 MSRP 99 Accord LX 4door 4cyl
Was I hosed?

On a different note, lease is up and we are looking at a 2002 Nissan Xterra V6 4wd XE MSRP around $27K. Looking at a Cap Reduc around $1,500 and lets say I get the dealer at a Capitalized Cost of $25,500.00. Do you then add tax onto this and that is you Final Cap cost? Any idea on what a 36 mo lease payment would be?

Finally, if we plan to buy the truck at the end of 36 months, are we fools and it would be best to just buy and finance the vehicle. I would rather use the large downpayment to knock out some CC debt. Thanks in advance.

borsyst

CarMan, wanted to thank you for all the info you provide this board. this past saturday, I was able to strike a really good deal on a 2002 4WD Sequoia SR5. I leased it over 4 years/60,000 miles. the money factor was .00225, however the residual value was quite a bit lower than the figures seen previously, at 47% (vs 52% that was being seen on the 2001 leases). The dealer told me that the banks after being burned so badly the past few years, are starting to get smart and lowering the residual values.

fgrethel

Wow! I really appreciate your quick and comprehensive response. The reason that I have this "job" to help my friends and family get fair deals is because I have learned so much from you on how to negotiate a fair lease deal! Thank you! My parents went to an Audi dealer and the drove the A6 Avant. They liked it very much. However, they were seduced by the allroad with its bigger engine and variable suspension. Can you give me the residuals for a 3 year deal with 12k and 15k per year and the money factor for Audi Financial Services for this vehicle and term? In addition, while you look for the residual for the Highlander, can you also find out what the Toyota Financial Services (unmarked up) acquisition fee should be? I understand the Audi acq fee to be $490 and the BMW acq fee is $525. I do not know what the Toyota fee is. Thanks!

tas19

Hi. This is my first foray into posting messages on Edmunds. I am interested in buying/leasing a 2002 Buick Rendezvous CXL with heated seats and the ISC package. The MFSP on the vehicle with this equipment is $31,852. I'm interested in a 36 month lease at 1,500 miles per year. Can you give me an idea of what my payments might be. Thanks.

shaker58

thank you

CarMan@Edmunds

Kmurray66, I am sorry to say that Ford's lease program on its vehicles often varies significantly depending upon the part of the country one is in. At this time, I believe that the most common lease rate for 2002 model year 4-Door Explorers is a minuscule .25%. This is equivalent to a lease money factor of around 0.00010 or so. That's the good news. The bade news is that this truck has a low residual value. The Ford Motor Credit 3 year 12,000 miles per residual value for a 2002 Explorer 4-door Eddie Bauer 4x4 should currently be only 43%.

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CarMan@Edmunds

Hi thebot. If you were to lease a 2002 Jetta GLS 1.8T Sedan through VW Credit for 4 years with 15,000 miles per during the month of November, the lease money factor and residual value should be .00225 and 48%, respectively.

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CarMan@Edmunds

Goldmantx, 5 year leases are certainly something that I do not advise getting into. Furthermore, I have never ever heard of a lease contract that provides one with an out several years prior to its scheduled termination date. Of course, one is always free to trade-in the vehicle that they are leasing at any time, but in order to do so they will have to find someone who is willing to give them enough money for it to pay off their bank. When one tries to trade in a leased vehicle several years prior to the normal end of their contract it frequently turns out that they are upside down and have to pay out of their own pocket to do so. As far as the lease information that you are looking for goes, I provided it to you in the other topic that you asked it in.

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CarMan@Edmunds

Good response on the 5 year lease question, cupholder1. Here is the info that you're looking for. If you were to lease a 2002 Audi A4 1.8T, non-quattro through Audi Financial Services during the month of November for 3 years with 15K per, the money factor and residual value should be .00250 and 56%, respectively. To the best of my knowledge, Audi ended its supported lease program on all of its 2001 models. So, by leasing an '01 A4 not only would you not be getting the new and improved model, but you also would have to use a worse money factor and residual value (.00295 / 49%). Even though the prices on the 2001 A4 are probably much more negotiable, the better lease program on the new model probably makes leasing one the way to go in my opinion.

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kmurray66

Thanks. Low residual aside, this is a great deal. Per my deal (MSRP: $37,845, Invoice $33,628, negotiated cap cost: $33,442) my monthly payment is $482.09 (nothing down, no tax). Interestingly, the total of the monthly payments ($17,355) plus the residual ($16,273) is $33,628, which is $564 less than invoice. It would be insane to buy this car for cash unless you could get it for thousands below invoice. Even with available zero/low intererst rates, this lease is an attractive alternative to buying because you keep more of your money for longer. You could look at this as a three year loan with a .25% interest rate and a large baloon paymnet (the buyout) due at the end. Plus, because it is a lease, you have the option value of walking in three years.

goldmantx

I think leasing for 5 years is nuts too. It defeats the purpose of leasing. I just thought it funny and was intrigued as to why they were offering this. I had never heard of such a thing. I am sure that it is pure sales hype. I am looking at a 3 year lease on a 2002 2WD Sequoia and will be getting some initial numbers from the dealer today.

Car_Man - thanks for the info and I will let you know if I see anything different.

sshkurov

Hi Car_Man,

Do you have any information on Money Factors and Residuals for a 48 month lease on a Jaguar 3.0 X-Type.

Thanks in advance for your help!

-SSB

baseballmom94

Hi Car-Man: I'm hoping you can answer a few questions regarding a Toyota Sequoia lease. First off, I have a '99 Camry on a 36-month lease which will be due in April 2002. We currently owe 5 payments ($1475 total). Do you know if any Toyota dealers will allow us to terminate the Camry lease 5 months early if we trade "up" to a Sequoia lease? OR, from a financial standpoint, are we better off waiting until the lease is actually due?

Also, as far as negotiating a lease, I know that we should negotiate the price of the car as if we were paying cash for it and then tell the dealer we are leasing. Is the dealer then supposed to determine the money factor and residual value from the agreed-upon purchase price? It seems as if the dealers are non-negotiable on lease rates and both the GMC dealer that we spoke to about a Yukon and the Toyota dealer (Sequoia) were speaking in terms of 48-month leases. How would we negotiate an extended warranty to cover the full 48 months if we were to go with a 48 month lease?

Is there any advantage to financing separately through a bank rather than the manufacturer/dealership financing?

And, lastly, could you please tell me what the money factors and residual values are for the GMC Yukon and the Toyota Sequoia? Thank you so much!

maureenk1

Hi--was about to purchase a suv, decided to do
more research on leasing. I love the pathfinder. Could you give me a very basic "watered-down" sample for a 2001 or 2002 Pathfinder. If I was to buy, I do have $9000 from the sale of my 96 accord. Here's my thought; I can bank my profit and get a better suv for less p/month. Thanks for any info! PS--I'm not sure what some of figures for leasing mean--Is there a FAQ section? thanks again, Maureen

fgrethel

I am livid, frustrated and appalled. I have been trying to work out a lease deal on a Toyota Highlander for my roomate. I have visited two Toyota dealerships this week. Forgetting about their unrealistic expectations on the capitalized cost for the vehicle (selling price), I am getting a huge run around and clouds of smoke when we try to discuss the lease terms. All I want is a three year deal with 12,000 miles per year. I understand from Car_man that the money factor should be .00270 or around 6.48%. The dealers first denied that this was a Toyota rate, and they quoted me .00295 or 7.06%. They finally caved and admitted that this might be a "sign and drive" rate with one security deposit associated with it. Then we began the discussion about the residual for the truck. I was told previously on this site that it should be around 62% for a 3/36 deal. Car_Man is checking for the latest residual, but it surely cannot be that different. Instead, the dealers are insisting that the Toyota Finance residual is closer to 55.75%!!! They insist that all Toyota Finance residuals are based upon the specific equipment that is on the vehicle and not the full MSRP. What is reality, Car_Man? I feel like I am stuck in a nightmare! By the way, according to the dealer, Toyota Finance does not include GAP insurance. Shame on them!

im_brentwood

Maybe I can help...

1) Toyota Motor Credit generally bases their residuals on BASE MSRPs, not TOTAL MSRPs.

If it helps, they often have pretty high residuals... They dont residualize options for some pretty good reasons. There are many expensive options that simply add next to nothing to a car's actual lease-end worth onthe wholesale market (CHrome Wheels, Navigation, Premium Stereos, Roof Racks, etc..).

2) TMCC Does not include GAP in their leases. However, they have an acquisition fee that's usually hundreds lower than other captive finance companies. GAP shouldnt cost much over $250 or so.

Sort of like one dealer being at $19,000 on a car with a $500 Dealer Prep fee, and another being at $19,500 without a dealer prep fee.

Same difference.

Bill

fgrethel

Thanks, Bill. This is basically what the dealer intimated in the discussion. However, I still cannot make the numbers work. Even if I take out the roof rack, the towing package, the alarm system and floor mats from the calculation, I cannot get to the residual that they are quoting. On a Total MSRP vehicle of $29,863 they are quoting a residual of $16,051 for a 3/45k deal. This equates to about 53.75% of the full MSRP and 55.35% of the "revised" MSRP ($28,995)where I have taken out the roof rack, alarm, towing package and floor mats. Even assuming an approximate 2% bump for the 3/36 deal I want, I am far from the "high" residual to which you referred (and which I have read on this board as 62% for 3/36) that might make this a leaseable vehicle. Most other car companies use full MSRP. Given that Toyota does not, this vehicle seems to be below average for residual and well above average for money factor. I guess that I will not be helping my friend to get a Highlander, as this is one more deceptive practice that annoys me and that makes this a bad deal. Thanks for your confirmation of my initial info from the finance guy. If you can help me make sense of the numbers, I would appreciate it!

im_brentwood

BASE MSRP... I think that Toyota only residualizes the Base msrp... period. Try and see if CLiffy1 is out there, he hangs out in the Toyota boards.

He's a finance mgr at a Toyota store and is a straight shooter.

Also, its not to the dealer's benefit to reduce the resiual.. nothing in it for us, also, they cant change residuals.

Bill

professorsnape

I've been lurking for the past month or so as I've been shopping for a new SUV. By the way, thanks for asking about the Highlander info, since I've also used that data.

Here's another data point for you. As it happens, I signed Highlander lease yesterday (LA area). MSRP of $29,638 (4x2 V6 w/DR SR TO AG CQ HE CF RF). Agreed-to price was about $3K off MSRP. 3 yr lease/15,000 miles per year. Mo. pymt is about $460/mo, w/o tax; pymt includes GAP. Driveoffs included 1st payment and $250 acquisition fee. No down, of course. I think we did OK. (I didn't do as well as your quoted money factor, for example...but it wasn't a deal-breaker, given the vehicle price.)

Residual in my contract is same as quoted to you to the penny: $16,051. Like you, I was surprised that it was lower than stated here by car man. But, after pressing the point, I was satisfied with the dealer's explanation, and we knew from other leases that, as Bill says, there's no incentive or benefit to dealer to use lower residuals. So, since we were happy with the deal, we went for it.

Hope this helps.

rroyce10

...... The Toyota leases are all based on the base Msrp.

Depending on the area .. JM and the rest of the world ..l..o..l.. most of the options are actually - dealer accesories- .. things like roof racks, fog lamps , keyless, carpets, cd swith-outs etc. .. and on most of the Corolla CE's ..cruise.

So by the time things are added, they just don't "residualize".. and the dealer is actually losing money ...

Terry.

angellove

Is it really better to lease or to buy? I am looking at purchasing a new car but I am not. I keep hearing about 0% financing. That seems to be the road to take. Am I right?

CarMan@Edmunds

Ed, without knowing the exact MSRP of the Accord that you leased it is difficult for me to get into a detailed examination of your previous lease. Having said that, this lease definitely seems quite reasonable to me. I don't think that you have to worry about having been taken. Although specific tax laws vary from state to state, you definitely seem to be calculating the tax on this vehicle correctly in your post. If you were to lease a 2002 Nissan Xterra V6 4wd XE with an MSRP of $27,000 and a capitalized cost of $25,500 with $1,500 down through Nissan Motor Acceptance Corp. for 3 years with 15,000 miles per your approximate pre-tax lease payment should be $355. Generally speaking, if you definitely plan to purchase this truck at lease-end I would say that it is to your advantage to just finance it from the beginning. By doing so, you could take advantage of Nissan's special financing rates, which are a couple of percent lower than their lease rates for this model right now. Your situation may be a little different though. I would think that any money that you would put down to buy this truck would be much better spent paying off your credit cards, because you are likely paying a much higher interest rate on that debt.

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CarMan@Edmunds

Congratulations on your new truck, borsyst. You certainly got a great lease money factor on it. It sure looks as though you went through a bank other than Toyota Financial Services. Enjoy!

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CarMan@Edmunds

You're welcome, fgrethel. I am glad that I was able to help you out. The allroad is a heck of a vehicle. I like it because it is fast and fairly fun to drive, but still has quite a bit of utility. If you were to lease a 2002 allroad through Audi Financial Services right now for 3 years the base lease money factor should be .00265, the 15,000 miles per year residual value should be 58% and the 12,000 miles per year residual value should be 60%. You are right about both BMW FS' and AFS' lease acquisition fees. Toyota Financial Services' acquisition fee is actually lower than most banks' fees. Theirs should currently be only $250.

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CarMan@Edmunds

Hi tas19. Welcome to the Finance, Warranty, and Insurance Message Board. Let's see if we can give you an idea of what the lease payments would be like on the vehicle that you are interested in. If you were to lease a 2002 Buick Rendezvous CXL with an MSRP of $31,852 and a capitalized cost of $30,500 (this will vary depending upon what sort of deal you are able to negotiate) through General Motors Acceptance Corp. for 3 years with 15,000 miles per I believe that you should have a zero down pre-tax monthly lease payment of around $457.

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CarMan@Edmunds

You're welcome, shaker58.

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CarMan@Edmunds

I completely agree, kmurray66. The lease interest rates that Ford is currently offering on the Explorer are outstanding. If you plan on purchasing it at lease end, then you wouldn't even have to worry about its low residual value and this is an option to consider.

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CarMan@Edmunds

SSB, I have seen the current lease program for the Jaguar X-Type. If you were to lease one through Jaguar Credit for 4 years with 10,000 miles per the base money factor and residual value should be .00204 and 54%. The 15,000 miles per year factor and residual value should be .00245 and 49%, respectively.

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sshkurov

Car_Man,

Thanks for your response. I called the dealer over the weekend and he quoted the same money factor you gave me, but a residual of 51% (not 54%) for the 4 year, 10K mile/yr option. The numbers on the 15K were the same as yours.

Do you think he is playing games with me?

Thanks again for your help!

-SSB

CarMan@Edmunds

Unfortunately, baseballmom94, there is no such thing as a free ride in this world. The only way that you are going to get out of your current lease without having to make your remaining payments is if Toyota runs a special promotion allowing consumers to do so, like General Motors has in the past. I am sorry to say that this is very unlikely to happen. So even if the dealership claims that they are "waiving" your remaining lease payments, you are actually hurting your ability to negotiate the price of your new truck by having them pay off your lease. Of course it is possible that your car is actually worth more than you owe on it at this time. If that is the case then you may actually be able to get out of your deal without making your remaining payments and even profit a little bit. This is a very unlikely scenario, however. Generally speaking, consumers are almost always better off waiting until they are as close as possible to their lease's last month to get a new vehicle.

The price that you agree to for your new truck should have absolutely nothing to do with its lease money factors and residual values. Of course, if you negotiate a skinny deal on your vehicle's price your dealer may try to mark up your lease money factor to bake additional profit into your deal. If that happens though and you are aware of it, you can usually get them to use the base rate by threatening to take your business elsewhere. You can lease your next vehicle for 48 months if you would like, but 36 month leases are usually the best deals from the standpoint that this is where most manufacturers usually provide lease support if there is any and the fact that your vehicle will be fully covered by your manufacturer's warranty for the duration of your term. If you want an extended warranty to cover you for the duration of your 4 year lease, that can be negotiated as a separate transaction. Manufacturers' captive finance companies usually provide the most attractive leases on supported vehicles. However, on unsupported models, like the Sequoia, it is entirely possible that some independent banks out there have better programs running on it than Toyota Financial Services. I would be happy to provide you with detailed information on what the lease programs for the GMC Yukon and the Toyota Sequoia should be like right now, but first I am going to need a little additional information from you, such as the length of the lease that you would like, the number of miles per year that you will need, and these vehicle's exact trim levels.

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CarMan@Edmunds

Hi Maureen. I am glad that you enjoy this Message Board. If you would like to find out the definitions of some of the terms that you see being mentioned on the board, I suggest that you check out the following article: Leasing Glossary. I think you will find out the answers to the majority of the questions that you have there. If not, please don't hesitate to ask. I would be more than happy to calculate a sample lease payment for you on the truck that you are interested in, but I am going to need a little additional information from you first. Things like, how long you want to lease this truck for, the exact model that you want, the number of miles per year that you will need would be very helpful. Once I have that info, I will work some numbers for you. By the way, in case you are interested, Nissan is currently advertising a 39 month lease on the 2002 Pathfinder SE 4x4 Automatic w/ Popular Package for $325 per month with $1,650 down and 12,000 miles per year.

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fgrethel

I really appreciate everyone's input on the Highlander lease challenge that I face. I now recognize that the Toyota system does, indeed, residualize only the base MSRP. I do not, however, agree that the "add ons" are all fluff items like gold kits and floor mats. I can certainly live with excluding items like this from a residual. However, a sunroof and power seats are residualized by most if not all other companies out there. And many of these items typically are included in the calculation of a resale value by Kelly or others. The point is, the Highlander is not a good value to lease, period. The money factors are above market and the REAL residual is merely average if you consider that it is barely 55% of the MSRP. This residual is slightly above domestic competitors who are offering much better money factors, and it is below Toyota's European competitors.

Professorsnape, I wish you great luck and lots of fun with your new truck! Thanks for your help.

lebodde

I can't find the "search" feature for searching INSIDE a specific board such as this one... only one to search for another board. So I'll ask my question (feel free to redirect me if this has been discussed elsewhere).

Is it always a good idea to put down as much as possible in the case of a lease? For a purchase I can see you might want to put down as much as possible since you basically increase your equity in the car but in the case of a lease...? Say I am leasing a $22000 car and I sell my current one for $4000. Is it wise to put all $4K as cap reduction (meaning that this money is now gone forever) or is it best to just pay drive off costs and put the rest in a mutual fund?

If it makes a difference, the car I am looking for is an '02 VW Passat - 48mos / 15km lease - 54% residual - .0020 money factor

Any help would be appreciated.

thankstoo

I am leasing my wife a Ford Escape that I will write off through my business. I don't like the lease factors available on the Escape so I was wondering if you could prepay a 36 month lease. How would that be calculated ?

sarah233

possibly end my lease (up in February) early by trading in my '99 Civic for a Jetta. I have 2 - 3 payments left on my Civic. How does this work? Will the remaining payments be added to the negotiated price of the Jetta, which would up my monthly payments? If this is the case, could I put more down than just drive-off so that the remaining Civic payments would not affect the Jetta payments? How else does trading in a leased vehicle affect the deal on a new car?

If I simply let my lease run out, I am concerned that if I lease a VW and not another Honda, that I will have to pay for every little thing wrong with the Honda at lease end. The car is low mileage and is in good condition, but it's still something I think about. (I didn't have to pay for anything on my '97 Civic, but I leased another one.) If I do the trade-in, will I have to worry about that sort of thing?

baseballmom94

Hi Carman~Thanks for the info on leasing. I appreciate very much the service that you provide here!

Could you please find out what the residual and money factor is on the following vehicles for 36 months/12,000 miles per year and 48 months/12,000 miles per year:

GMC Yukon 2WD and 4WDSLT with third-row seat and running boards.

Toyota Sequoia SR5 2WD and 4WD with preferred package, alloy wheel package, remote keyless entry, roof rack, side&head airbags.

I'm in Central Ohio if this matters.

Thank you so much!

alfollin

First, can you tell what the residual will be on a '00 Passat V6 wagon after 4 years at about 15k miles per year?

Also, what is the current residual and money factor offered by DC for an '02 Dodge Caravan (SWB) Sport, for 48 months and 12k miles?

Thanks.

fgrethel

Hi Car_man. I'm not certain that you are around, but I need information on a lease deal on the BMW 325ci coupe. I would like the residual and money factor for a 3 year and 36,000 deal. In addition, although I am having great difficulty tracking one down, I am still considering the Mercedes C230 coupe. I was told that the residuals have dropped significantly in November. Can you provide me the mf and resid for the same deal as for the BMW? I hope that you have a great Thanksgiving!

tas19

Thanks Car_Man for your response to my question. The dealer quoted me a much higher lease payment (around $519). However, I ultimately decided buy a Chevrolet Trailblazer (LT). Again, thanks.

blerner1

Carman,

I know there have been quite a few Passat requests lately, but I wanted to get the latest data from you.

I'm comparing the following variants of Passat Sedans for a 3 year/15k lease.

2002 GLS-1.8T (Lux. pkg, Leather, Tip)
2002 GLS V6 (Lux. pkg, Tip)
2002 GLX

Could you please provide your latest November residuals/money factors for these vehicles.

Also, I've noticed VW's money factor has been up/down on this vehicle the last 2 months (anywhere from .00164-.00225 based on earlier posts. Is it your belief that the money factor will drop after the recent Fed cut in rates, or do you believe the November rates will be fairly stable for the next 2 months?

93fsu1

Acura is offerring a special lease of $349/mo for 39 months @ 12,000 miles per year with $1500 down and a $699 security deposit. Does this translate into a great deal, or is it just about what one could expect by negotiating a good price first?