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Comments

  • keitaroukeitarou Member Posts: 45
    Carman,

    Do you think this deal is good? I live in NY.

    2004 A4 1.8 T quattro. For a limited time, lease this model for $299 per month.*
    39-month lease
    $1,500 down payment
    $0 refundable security deposit
    $575 acquisition fee* ($800 for NY residents)

    $299* first month's payment
    $2,374 due at lease inception* ($2,599 due at lease inception for NY residents)
    Excludes taxes, title and dealer fees.
    Offer good through May 5, 2004. See dealer for details.

    *39-month closed-end lease offered to qualified customers by Audi Financial Services through participating U.S. dealers. Must take delivery by May 5, 2004. Rate based on $31,245 MSRP of 2004 Audi A4 1.8 T sedan with quattro including Premium pkg., Northeast Emissions, Cold weather pkg. and destination charge. Purchase option at lease end for $17,184.75. Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for $0.25/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. See US dealer for details.

    I mean how much lower can your monthly payment be if you deal on your own? Also, I know there is downpayment of $1,500, but even with that, this deal seems to be pretty good if you look at the total amount of money you pay. What do you think?
  • mtnsunmtnsun Member Posts: 24
    Car man, my 2001 Subaru Outback lease you helped me with is almost at the end of the 36 mos. My wife wants to turn it in and lease a minivan--we had 2 kids when we leased the Subaru, but now we have 3 and need the third seat row.

    So here I go again. What are the best lease rates I can expect, money factor, percentage depreciation, for a 2004 Honda Odyssey EX Leather w/Navig. 36 mos. 12K and 15K.

    What is the same for the new Toyota Sienna with similar options.

    I heard that the new 2005 Odyssey is coming out in the fall so I imagine lease rates for the 2004 will be more favorable than for the new Sienna which may not have any favorable rates, in which case, maybe banks may have better rates. Can you recommend a website in that event so I can check out competitive lease rates. Also, assuming we want the Honda, will there be much choice left because of the new model, as my wife really wants the leather with the navigation. Also, in Calif. are buyers able to negotiate much below the msrp.

    As always, you the man! TX. you and regards, mtnsun.
  • billwfriendbillwfriend Member Posts: 44
    I'm currently looking into leasing a Honda Odyssey LX for a base $245/month (supposed special Honda pricing thru the end of the month)

    I had to add $18/month for the 15K miles per year lease (extra 9K miles over 36 mos), and another $13.15 per month for tax, title, and liscense...

    That totals up to $276.15. Only other down payment is plates and security deposit (rounded up to nearest $25 of monthly payment)

    Is this a good deal? Does the Toyota have a better one? I understand this is cheaper than the $259 deal and the $245 is based on a selling price a little over $22K (invoice is $24,980)

    Thanks! I'm looking to do something in the next day or two...I'll let you know how it turns out!
  • nyrascalnyrascal Member Posts: 11
    Car_Man,

    As you are an invaluable resource, I was hoping you could help me out.

    I am looking for a 36mo/10,000 mile lease in NJ on the following:

    Audi S4 - $53,048
    BMW M3 - $58,895
    Volvo S60 R - $45,805

    I am interested in the residual and mf for these cars.

    Since April is at an end, do you know whether the rates are going to change or if any programs will be announced?

    Thanks for your help.

    - Mark
  • billwfriendbillwfriend Member Posts: 44
    I'm currently looking into leasing a Honda Odyssey LX for a base $245/month (supposed special Honda pricing thru the end of the month)

    I had to add $18/month for the 15K miles per year lease (extra 9K miles over 36 mos), and another $13.15 per month for tax, title, and liscense...

    That totals up to $276.15. Only other down payment is plates and security deposit (rounded up to nearest $25 of monthly payment)

    Is this a good deal? I understand this is cheaper than the $259 deal and the $245 is based on a selling price a little over $22K (invoice is $24,980)

    Thanks! I'm looking to do something in the next day or two...I'll let you know how it turns out!

    EDIT - I just talked to Toyota and they can't touch $245/month...sounds like Honda is the best lease option by far...
  • shane2shane2 Member Posts: 8
    I notced that even with no cap reduction, on a $35,000 car, your drive off fees could equal

    $550+ plus sales tax first lease payment
    $550+ security deposit
    $600+ aquisition fee
    $300+ CA vehicle registration
    $??? Disposition fee?

    How much of this up front cash can be rolled into the monthly lease payments and if you do that, do they usually raise your lease money factor?
  • indecisive4mosindecisive4mos Member Posts: 2
    Car_Man,
    Thanks for the response. I will make this one a little shorter and hopefully with all the info that you need.
    I would be ok with:
     Volvo S60 2.4
     48 months
     15,000 miles
    MSRP: 26,960
    Invoice: 32,500 (can't remember exactly)

    I would really like:
     Volvo S60 2.5T
     48 months
     15,000 miles
    MSRP: 29,610
    Invoice: 34,399

    Thanks SO much. I gotta prove to my husband that I can afford this car! At this dealership the 1st 4 services are free!
  • kyfdxkyfdx Moderator Posts: 265,614
    Usually a disposition fee is only paid at the end of the lease, if you don't buy the car.

    To answer your question, most will allow you to roll all of these into the cap cost of the lease. Generally, I like to pay the first payment and security deposit up front, as this results in an actual cost to lease the car each month (since you get the security deposit back). As long as your cap cost doesn't exceed the MSRP of the car by too much, it shouldn't change your money factor at all.

    regards,
    kyfdx

    Edmunds Price Checker
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  • john888john888 Member Posts: 15
    HI Carman,

    We got offer from BMW dealer who wants to tax us on the residual value of the car on a BMW '04 X5 3.0?

    We're not sure, but is that a standard leasing policy?

    We're having our NY 8.5% taxes rolled in the monthly payment with $0 down payment. Other fees are sec., bank fee, dmv fees, 1st month.

    Anybody else being taxed on the residual of their car??
  • roadogroadog Member Posts: 2
    Mr. Car_Man

    I would appreaciate a sample lease scenario for:
    '04 Lexus LS 430 w/options @ MSRP $61,755
    Purchase Price @ $59,250
    Lease duration 36 or 48 mo. comparison
    Miles / year 10K - 12K

    Thanks
  • stvchangstvchang Member Posts: 10
    This forum and especially Carman have helped me out tremendously over the years. Just wanted to post my deal for a 2004 Audi A4 1.8T Quattro Automatic Lease:

    Black with Platinum Interior, Premium, Cold Weather, and 17" Tires
    Dealer is paying off my last lease payment of $336.30
    39 month lease @12K/yr comes out to $367.29/month including taxes.
    Total at signing is $1234.79 (1st month, acquisition, dmv, etc.)

    Hope this helps somebody. BTW this is in NY.
  • radm3radm3 Member Posts: 1
    Hi Car man. I have a lease offer for a new 2004 m3 conv in Los Angeles,negotiated to $63245 including gas guzzler and destination charge for $965/month $2180 driveoff, moneyfactor .00235 residual $39995 36months 15k miles/year. This is thru chase and not BMWFS. Is this a good deal? I can finance the car for 3.65% thru capital one. what should I do. thanks
  • vironviron Member Posts: 3
    Car_Man,

    Could you report the Money Factor and the residuals from Toyota Fin. for the 2004 Highlander V6 Limited 2WD for the following lease terms:

    24 months / 12,000 miles
    36 months / 12,000 miles
    and any special lease terms

    Thank you
  • jluaguejluague Member Posts: 5
    Hi Carman,

    I am looking to lease a 2004 Honda CRV EX Auto before the end of this month. Kindly provide me with recent info on 36 and 39 months residual, 12K/year and money factor. Thanks for your help.
  • stokeystokey Member Posts: 1
    Car Man
    New to leasing. Looking to lease Honda Pilot or Chrysler Pacifica AWD in NY State. Lease would be no money down, 36 month term, 15k/year. Pilot MSRP 29940 selling for 29000. Chrysler MSRP 36500 selling for 34000 + 3000 rebate for total of 31000. Could I please get the money factor and residual values for each and any other information that would be of help to me. Thank you in advance for your help.
  • postnobillspostnobills Member Posts: 43
    Hi Car_man --
    Do the advertised AUdi special lease rates on 1.8T's apply to the Cabriolet as well? What would the MF and residual be on a 1.8T Cab for 36 months and 12,000 miles/yr.? Thanks!
  • keitaroukeitarou Member Posts: 45
    Stvchang,

    Do you know how the tax was calculated in NY? did you have to pay the tax for the whole purchase price, or just on the cap cost? Were you able to roll the tax into the payment? Which dealer did you go to if i may ask. Thanks for your help.

    Keitarou
  • kkdrkkdr Member Posts: 2
    hi car_man,

    i'm new to the edmunds.com forums and really very new to leasing. thanks for being such a great host- i've been learning tons by reading.

    i'm very interested in the current bmw 325i 24 mo lease- the offers expire 4/30. in your experience, will bmw extend it or reissue another offer in the next couple of months? i'm moving to colorado end of june/july so would like to wait until then, but am worried that i would miss out on a good deal now. what do you think?

    also, i would like your opinion on credit scores and leasing from bmw financial. i am a physician in training- will be finished with all formal training june 30. it's been a long haul as a trainee, and as a result have mounted sizable debts. also missed a few payments back over a year and a half ago. all obligations are current and paid on time since then. and, thankfully, no bankruptcies, collections, charge offs, repos, etc. anyway, b/c of the debt and few late payments, my credit score from the 3 agencies ranges from 614 to 636 to 650. so not so good. but, if need be, a parent (with sterling credit and little debt) can cosign the lease. should it be a problem?

    in addition, i've secured a job in a university practice for july. my income goes up significantly from my current salary- will the dealer/bmw financial take this into account (or only use current numbers)?

    sorry for all the question. thanks in advance for your help.

    best,

    kk
  • atortoroatortoro Member Posts: 13
    Hello Carman, may I ask what is the current Money Factor and Residue value for a BMW X3, 2.5? ( I live in Los Angeles area)
    Will I be day dreaming if I would like to lease one for about $400 per month with just premium package, automatic, and Mystic blue color? I m planning on a 42 month lease, 12 k per year, with zero down. How much will the car needed to be if the above circumstances shall meet??
    Thanks a bunch!!
  • suv_fansuv_fan Member Posts: 24
    I leased a used '99 Olds Bravada that's due 2/05. DH says I should buy new tires now to get the benefit of them, rather than have to pay extra b/c the car will NEED new tires when I turn it in.

    What do you think? Is this feasible? Will the leasing company charge an arm & a leg for somethng like this (I know, LOL)?

    This was my first lease, so I don't know what to fully expect in terms of extra charges. Haven't looked at my contract in over a year, but don't think it stated specific numbers except over mileage.

    Thanks to anyone for answers!
  • billwfriendbillwfriend Member Posts: 44
    Honda Odyssey LX Vehicle MSRP $24,980 + $380 keyless entry = $25,360. Silver with grey interior.

    Agreed upon value of vehicle = $22,738.19

    Lease pmt for 3yr 45K miles = $275.00/mos with $641.20 down (1st mos pmt, security deposit, doc fee, temp registration). Total pmts = $9,900 ($275*36) This pmt includes all tax, title, and liscense fees.

    The 'rent charge' by Honda is an outlandish $1,333.01 but I won't be purchasing this vehicle at the end of the lease for $15,237.80 so I'm not concerned with it.

    That's all...cya!
  • kyfdxkyfdx Moderator Posts: 265,614
    "The 'rent charge' by Honda is an outlandish $1,333.01 "

    You are borrowing an average of $19K over 3 years.. That works out to an effective interest rate of about 2.3%. That is what the 'rent charge' is... interest. That is a very good deal.

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carcluelesscarclueless Member Posts: 1
    I'm interested in leasing a car and a I have several questions..
     1) I currently have a car and I am still making payments on it, can I trade that in on a lease?
     
     2)Can the equity I have in it go towards my down payment,security, etc.?

     3)Does whatever is remaining after they figure the difference between its value and what I owe go toward the residual amount?

     4)How does financing work for a lease? Are you being financed for the entire price of the car or just for the amount you will be paying on the lease?

    Answers to any or all of these questions will be greatly appreciated because I do want to be an informed purchaser.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, john888. BMW Financial Services' 12,000 miles per year residual values are 2% higher than its 15,000 miles per year residual values and its 10,000 miles per year residuals are 3% higher than its 15,000 miles per year residuals.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi keitarou. I have seen the advertised lease payment that you mentioned in your post. Even though this is a nationally advertised lease, Audi's April lease program varies depending upon what part of the country you are in. How good a deal this actually is depends upon what the selling price of the car is. This is not mentioned in this ad, so it is difficult to say how much room there is to negotiate. Let's work up a sample lease payment for a similar car and see what we come up with. According to my calculations, if someone was to lease a 2004 Audi A4 1.8T Sedan with quattro, NE emissions, Premium Pkg., & Cold Weather Pkg. (MSRP: $30,195 / selling price: $28,164, $750 over invoice) through Audi Financial Services in the Northeastern U.S. for 39 months with 10,000 miles per year, its $1,500 down, pre-tax monthly payment should be right around $305. So it appears to me as though this deal is based upon a selling price of less than $750 over invoice. As a result, I have a feeling that you are not going to be able to lease this car for much less than the advertised payment.

    Car_man
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  • spatulamanspatulaman Member Posts: 157
    car_man,

    I'm looking to lease a luxury SUV, Japanese or German built...I like the FX line from Infiniti alot, but bottom line is, I want a really good deal on the lease....knowing what you know about all the lease programs from all the manufacturers, who is offering hot lease deals right now?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    So you need a larger vehicle for your expanding family, mtnsun. I know the feeling :). Let's take a look at the lease programs for the two vans that you're interested in. If you were to lease a 2004 Honda Odyssey EX Leather w/Navigation through American Honda Finance Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00096 and 57% in every state except for New York. This model's 12,000 miles per year residual value would be 2% higher. In addition to this lease support, Honda is providing $500 dealer cash on this van that will help you to negotiate a lower capitalized cost.

    As far as the Sienna goes, if you were to lease a 2004 Toyota Sienna Limited through Toyota Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00220 and 55%, respectively. TFS' 12,000 miles per year residual value for this van should be 2% higher.

    As you can see given the fact that the '04 Sienna is brand new and the current generation Odyssey is in its last year of production Honda is providing much more support on the Odyssey right now. You should definitely be able to negotiate a selling price below full MSRP on an '04 Odyssey at this time. I am not all that familiar with the supply of this van in your neck of the woods, but given the fact that the 2005 model is not out yet there should be a decent supply of '04s still around.

    Car_man
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  • stvchangstvchang Member Posts: 10
    Hey Keitarou,

    You only pay tax for the time that you are leasing the car and you have the option of paying it upfront or rolling it into your payments. I always roll the taxes into the payment so I have the least upfront costs. The tax rate is calculated based on where you are registering the car. The dealership I went to was Palisades Audi in W.Nyack (Rockland County) and my salesman was Robert Cicci. Hope that helps.

    Steve
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi billwfriend. It is difficult for me to say how good a deal you are getting on this Odyssey without knowing its full MSRP and selling price. If you can get me this information, I can tell you what I think of the discount that is being provided and can work up a sample lease payment for you. As you can see by reading my previous post, I suspect that you will be able to negotiate a lower lease payment on the Honda Odyssey than you will be able to on the Toyota Sienna right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You sure are interested in some nice cars, Mark. As you can imagine, there isn't much in the way of lease support available on either the S4 or M3 at this time. If you were to lease a 2004 Audi S4 Sedan through Audi Financial Services in New Jersey this month for 3 years with 10,000 miles per, its base lease money factor and residual value should be .00170 and 53%, respectively. If you were to lease a 2004 BMW M3 Coupe through BMW Financial Services this month for 3 years with 10,000 miles per, its base lease money factor and residual value should be around .00245 and 62%, respectively. Lastly, if you were to lease a 2004 Volvo S60 R through Volvo Finance this month for 3 years with 10,000 miles per, its base lease money factor and residual value should be an amazingly low .00013 and 55%, respectively. So as you can see the S60 R by far has the most attractive lease program of the three models that you mentioned, however In my personal opinion it is also the least desirable. All of the aforementioned lease programs are only scheduled to run through the end of April or early May. It is difficult to say what their May lease programs will look like at this point.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're absolutely right, shane2. Consumers still owe money at lease signing, even when they do not make any sort of down payment on their leased vehicles. Typically, vehicles' first month's payment, a security deposit of that payment rounded up to the nearest $25 or $50 increment, a lease acquisition fee of around $400 to $500, and certain state fees and or taxes are due when one takes delivery of a leased vehicle. Consumer can often have their vehicle's acquisition fee rolled into its capitalized cost. Some banks will waive their security deposits for consumers who have good enough credit or are a returning customers, but not all will. Also, certain banks will waive their security deposit and acquisition fee requirements in exchange for a slight increase in a vehicle's lease money factor.

    Car_man
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  • nyrascalnyrascal Member Posts: 11
    Car_Man,

    Thanks for the info. It's been a while since I've had a car, so I figured I'd treat myself. I'm curious though, why in your opinion is the Volvo the least desirable? Thanks.

    Mark
  • njdriver1njdriver1 Member Posts: 97
    Hi Car Man: We're choosing between 3

    Volvo XC90 2.5 w/nav
    Honda Pilot w/nav
    Toyota Sienna Xlt ltd w/ nav

    15,000m, 36-48 months, $0 cap money

    Do you know money factors and residuals for NJ for May? Thanks Car Man.
  • clubguyclubguy Member Posts: 15
    Honda Finance is advertising a lease on Odysseys..$259.00/month for 24 months/12,000 miles per year with $999.00 down($1533.00 total due-includes first month's payment,sec.dep.,and cap.cost reduction)tax,lic.registration are extra.They show msrp of $28,980.00(nearby dealer shows $28,720.00 inc.shipping)Actual cap.cost of $26,278.49...Total payments $6,216.00 option to purchase at lease end $21,155.40..How does this look to you..??...Am new at this lease business..
    Thanks in advance...
  • eagleeye3eagleeye3 Member Posts: 44
    Hi Car Man,

    Well after some back and forth with several dealers, I finally found a reasonable deal. Need help in confirming the payment and how sales tax is calculated in CA (Irvine).

    2004 BMW 325I
    36 mos / 12K per year / 63% Res
    MSRP: 35,840
    Cap Cost: 34,725 (includes $725 acq fee)
    MF: .0014 (no sec dep)

    Deal is $1840 off MSRP, exact color and options (no premium, but includes roof and power seats). Understand acq fee is $200 high. Is this a decent deal? What is the correct monthly payment? How is CA sales tax calculated - pmt x tax rate or 36 mos depreciation x tax rate/36 ? Should I wait until May - better deal MF?

    Last question, can I tint the windows and still turn the car in at 36 mos? Thanks for all your help and a wonderful resource!!

    Eagle
  • momstruck1momstruck1 Member Posts: 206
    I really hate my GM lease and called GMAC to see if I could pay it off early . They told me they would take off a month and a half of payments . Now here is my problem i am looking to order my next car and don't know how long it will take to come in Being told 6-8 weeks . I was wondering if i pay it off early should i do it after my new car comes in or could i pay it off and still keep it until the next one comes in as the contract states the end is not for another 12 months. Has anyone ever done this and how were the results ? Thanks for the help by the way i will never lease again and am happy to be purchasing my next car.
  • ddeliseddelise Member Posts: 353
    Hello -

    I am looking for the following information on the 2004 Chrysler Pacifica and Buick Rendezvous:

    Residual and Money Factor for 36 and 39 months, 10k and 12k per year.

    I would also like to know the fee from Chrusler and GMAC.

    Finally, what incentives are available on the each car that can be applied to the lease?

    If you are only able to answer one of these cars, I would prefer to know about the Pacifica.

    Thanks!
  • hms3hms3 Member Posts: 4
    I am contemplating leasing the new Lexus RX400 h or the new model Mercedes ML350. Which SUV do you feel will be a better value? I like both, have leased a 1999 RX300 in the pass had no trouble at all, but feel I want something different. The MDX appears to be staying the same for another year and the BMW X5 3.0i is too expensive. Please help the undecided.
  • cjs2002cjs2002 Member Posts: 341
    well I decided on the TL, but have a question about the lease pricing and was wondering if ya could give me some payment numbers... I drive about 13500 milea a year so I'd need the 15K a year... we got the price negotiated down to 30,200 could you tell me what the monthly payments would be for a 36 39 and 48 month lease... I'm hopen to be around 420 after tax theres a guy on the TL board that is paying 415 post tax per month and i think its for 36 or 39 months but not sure thanks I'd really apriciate it... Im going to be buying with in 2 weeks. thankx
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi john888. The tax laws for leasing vehicles vary from state to state. I am not personally familiar with how tax is calculated on leases where you are, but you may be able to find out more informaiton on this subject by checking out the following Web sites: New York State Department of Motor Vehicles Internet Office or New York State Department of Taxation and Finance.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I would be more than happy to calculate a sample lease payment for you on the car that you are interested in, roadog. According to my calculations, if you were to lease a 2004 Lexus LS 430 (non-Custom Luxury, Non-Ultra Luxury, and without navigation) with an MSRP of $61,755 and a selling price of $59,250 through Lexus Financial Services this month for 3 years with 12,000 miles per, your zero down, pre-tax monthly lease payment should be right around $873. The payment for an otherwise identical 4 year lease should be around $795. I have not seen this car's 10,000 miles per year lease program, so I can not help you out with those numbers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad that you find this discussion so helpful, stvchang. Thanks for taking the time to come back and let us all know how your deal turned out. Enjoy your new car :)!

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    As you can imagine, radm3, BMW is not currently providing any sort of lease support on the M3 Coupe or Convertible. So if you were to lease one through BMW Financial Services at this time, you would have to use its standard lease program. I believe that BMW FS' standard money factor for this length lease is currently around .00245. This means that the dealer that you are working with is running your lease through a bank that has a more attractive program on this car than BMW does right now. A factor of .00235 is equivalent to an interest rate of right around 5.64%. Given the lack of support on this car and the very attractive interest rate that you have been approved to finance it at, I think that I would personally be leaning towards financing it rather than leasing it. Of course, one needs a lot of capital to make the finance payments on such an expensive car, but if you have the money that is the direction that I would probably go.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings viron. Toyota's lease program varies depending upon which one of its 12 regions you lease it in. I would be more than happy to try to give you an idea of what its lease program is currently like on the Highlander, however first I need you to tell me what state you are in.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jluague. Let's take a look at the current lease program for the model that you are interested in. According to the latest information that I have seen, if you were to lease a 2004 Honda CRV EX 4WD through American Honda Finance Corp. in April for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00210 and 61%, respectively in every state except for New York. The numbers for an otherwise identical 39 month lease should be .00210 and 58%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome to the wonderful world of leasing, stokey. Since you do not have a lot of experience with this sort of transaction, you may want to check out the following helpful article that is available here at Edmunds.com, 10 Steps to Leasing a New Car.

    Here is the information that you asked for in your post. If you were to lease a 2004 Honda Pilot EX without navigation (let me know if you are interested in a different trim level because the lease program would be different) through American Honda Finance Corp. in New York this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00245 and 61%, respectively.

    If you want to lease a Chrysler Pacifica, you better do so very soon because starting May 1st, Chrysler Financial will no longer lease vehicles to residents of New York because of the vicarious liability laws that exist there. If you were to lease a 2004 Chrysler Pacifica AWD through Chrysler Financial in April for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00110 and 50%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Unfortunately, postnobills, as one might suspect, especially since we are headed into the Spring, Audi's lease money factors are much higher on A4 Cabriolet models than they are on A4 Sedans. If you were to lease a 2004 Audi A4 1.8T Cabriolet through Audi Financial Services in Virginia this month for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00180 and 56%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks, kkdr. Welcome aboard. It is difficult to say what automakers will do with their future lease programs with 100% certainty. I can tell you that BMW is probably not going to just pull the plug on the special lease program that it is currently running on the 2004 3-Series. However, this car's lease program may be slightly different in May. If I had to make an educated guess, I would say that BMW will try to maintain a similar advertised lease payment on this car, but it may vary by around $10 per month in either direction. I personally do not think that you will miss out on much by waiting. Any savings that you would experience, which might not be that much if any, is far outweighed by the trouble of moving a car cross country. Of course, as I mentioned before this is just an educated guess and only the manufacturers themselves know for certain what will happen. I am not sure exactly what credit score one needs to qualify for BMW Financial Services' special lease program. There is a chance that you will qualify to lease this car on your own. If not, having a co-signer should do the trick.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello atortoro. If you were to lease a 2004 BMW X3 2.5 through BMW Financial Services in April for 42 months with 12,000 miles per year, its base lease money factor and residual value should be .00215 and 55%, respectively. There definitely is no way that you will be able to lease this vehicle for $400 per month without making a significant down payment, which is never a good idea when leasing. I don't know what the MSRP of the model that you described in your post is, but an X3 with an MSRP of $32,270 leased for 42 months with 12,000 miles per year would cost you around $428 per month, before tax.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Suv_fan, banks definitely do take vehicles' tires into consideration when evaluating them for excess wear and tear at lease-end. Each bank has different standards as to how much tread must be left on tires. You can find out if your car's tires will pass GMAC's lease-end evaluation by looking at the "Excess Wear Square" that appears on the following site: GMAC Automotive Financing.

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