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Car_man
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July just re-read your post and I have a feeling that the "07" was a typo. Whew, you had me scared there for a second. It is still in your best interest to wait a couple of months until you are closer to your car's scheduled end date, but you have a lot less time to wait than I thought you did.
I normally advise consumers not to put any money down when leasing, but in this case you may need to in order to cover the cost of getting out of your current car a couple of months early. I would be more than happy to give you an idea of what it should cost you to lease the TL that you are interested in right now, however Acura is scheduled to publish a new May lease program this week and I have not had an opportunity to take a look at it yet. Please check back with me towards the end of this week with this car's full MSRP and selling price and I will work up some sample lease payments for you.
Car_man
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It was franly quite impressive how much the money factor reduced the monthly cost and made the car more affordable. In addition, the "out the door" cost on the Volvo was about $600, v. the Honda, which would have been about $1,500.
By the way, are May programs out yet for the XC90 and Pilot (in NJ; 36-42 mo; 15K/yr)?
This is what I got from the dealer
The current factory incentives on the new 2004 Honda Accords are scheduled to end on Monday, May 3rd. While the factory may extend these programs, we will not know until the next day. What does that mean to you? To ensure that you get the lowest possible price on your new Accord, as well as the best finance or lease rates, we need to act now.
If the factory changes or deletes the Accord programs on May 4th, they are gone for good and we cannot get them back for you.
My partner and I are here from 9am to 9pm everyday except Sunday, when all dealerships in Colorado are closed. (One of us is always here and we work together on everything.) Please let us know how you would like to proceed. We look forward to hearing from you -
Just out of curiosity, I looked up some info on the Mazda 3. Wow. I can get all the options I want on it (Nav, HIDs, ASC, etc) for not a lot of $. I just wish it had a twin turbo v6. What do the lease numbers on a fully tarted Mazda 3 hatch w/ manual look like? (3 years, 12 and 15k a year)
I am at the end of the line and this should do it for me until my wife's car comes due :-).
Can you let me know the latest May program details for the Infiniti G35x with Navi and the BMW 330xi (both w/ 12K miles/ 36 months). Also, can you let me know when the May programs expire?
Thanks for all your help!
The sales manager's first response to my questioning the money factor was really, "So do you want it to be higher?". That didn't sit well with me!
He tried more typical car sales tactics trying to confuse me so I'd give up, but after looking at the numbers, I decided it wasn't worth $130 to leave and go start over at the other Honda dealership across town. I did, however, mention that this was the last time I'd do business with them as long as they employ people as unprofessional as he was. I'll be sure to express my dissatisfaction when they send the survey.
Thanks again for helping me get good numbers to work with in my negotiations. It certainly made the whole process much easier when you can go in with the confidence you have good data to back up your offer.
Chris
Thanks.
Howard
Again, both were fully loaded. This seems high to me. Any advice on getting the lowest lease rate for these cars?
I asked for email bids through Edmunds, agreed on a price, even emailed the money factor and residual percentages you gave me to be applied to the agreed price, which the dealer's rep. said was fine in the email, we agreed on a color, etc. but when I went to pick up the car I thought I would be there less than an hour but was there 2 hours , the payment quoted was $50 more than I had calculated. The people were very nice and cordial, but I think the managers have the final say.
First they said the mf is .00106, not .00096 because of the security deposit. I told then zero down, but I think I should of said no cap. reduction, because why would I want to finance the security charge? So I said I will pay it up front, then the numbers were still off by about 50 because of the acq. fee, which I didn't plan for and frankly wasn't mentioned in Honda advertised deal, and again why would I finance it over three years? And then the residual the manager said was 58% and not 59. If you add it all up, it probably amounts to the extra 50. But that is 6K per year and so on.
Is this all okay, or is the dealer just adding profit. The price was low, under invoice, but I have seen lower from other posts on your site. Please, your thoughts. Also, is the Honda program good through the end of May, as maybe I was too rushed. TX., mtnsun.
Here's my dilemma. I have a nice leased 2001 Saab 9-5 SE V6. Monthly payment (36 months, 15K miles/year) is $412 + tax. Cap cost after various incentives was $32K, or $8500 below MSRP. I did not pay any cap cost reduction. Residual as of lease end on 7/14/04 is $18121 plus 8.25% CA sales tax. I will be slightly over mileage. Saab is willing to extend the lease by a few months as a "courtesy," same payment. Unclear what happens to RV with lease extension. Already had to replace front brake pads and rotors (grrr).
I'm interested in buying (not leasing) either a 2005 Acura TL Navi or the redesigned 2005 Acura RL. I *love* the real-time traffic Navi system in the RL. I'm not paying sticker for an end-of-model-year 04 TL Navi.
So...do I:
1. extend the 01 Saab 9-5 lease until, say, October, hoping that the timing works out with the launch of the 05 Acuras?
2. just buy the Saab for $19616 (tax incl) and drive it for a year or two while waiting for sanity to return to Acura Navi pricing? or
3. lease a 2004 Saab 9-5 Aero at a massive discount? (I qualify for the GM Supplier Discount and there appear to be significant incentives.)
Thanks for any advice.
I want to clear my message. My lease is due on September 07, 2004.
I still have 3 payments left ($465x3=$1395). Original quote from 2 dealers was $2,600 due at signing (including first payment, etc) and $409/month, 48 months, 12,000 miles. They started at $439/month and gradually came to $409/month.
If I roll remaining $1395 into the lease, downpayment will be $3,000 and monthly payments $425/month. The MSRP for 2004 Acura TL w/Navi is $35,195. The selling price of the car is $33,595.
The one and only reason I may do it, is that interest rates are going up, and by September, the 2004 Acura will be almost at end of its production year and residual value will drop. This is where I may need your advice, because the timing of my coming out the lease is not very favorable. Without looking at new Acura incentives, which I've heard are due tomorrow, what is your opinion about the current offer?
Thank you very much,
Aries1
regards,
kyfdx
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We are interested in leasing the Volkswagen Passat GLX or Volvo S60. Have you heard anything about the residual and money factors for May yet?
Thanks,
Jeff
Sorry, leave your snow shovel in NJ ..
Terry ;-)
In addition to the 325i I'm also looking at the Cadillac CTS.
What are the residuals and MF for a base 2004 CTS for 24 or 30 or 36 month lease terms respectively with 15k miles/year?
Thanks very much!
I am interested in leasing a Forester (XS or XT) for 36 months and either 10,000 or 12,000 per year. I live in Westchester NY. Are there any incentives? Could you tell me the money factor and residuals for this car. I am assuming an MSRP of $27,165 and a selling price of $24,815. You have been very helpful in the past on my last two cars.
RXKE
Car_man
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Car_man
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As far as your leased vehicle's mileage goes, don't worry about the exact number of miles that you have when you turn your car in early. As long as you are under 36,000 miles you should not have to pay any sort of excess mileage penalty.
Car_man
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Car_man
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All banks that lease vehicles to consumers charge an acquisition fee. American Honda Finance Corp.'s base lease acquisition fee is currently $595. I believe that Honda does not specifically mention this fee in its advertised lease payments because it just adds it into the advertised vehicle's capitalized cost. If you do not want to do so, you will have to pay it at lease signing.
The April lease program that we are discussing was scheduled to end on May 3rd. I believe that Honda is providing support on this van in May, but only for 2 year leases.
Car_man
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Car_man
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2004 Audi A6 3.0 Quattro
2004 Jaguar S Type 3.0
2005 Chrysler 300C
Thanks
I've got a question for you on GM leases...are there any attractive ones? I know the residuals are probably not great, but I've got a bunch of money sitting on my GM card that I could use as a down payment which would make this more attractive to me. We've got a baby on the way so we're looking to replace my wife's Civic which is already paid off (and makes adding another payment hard to swallow). This would essentially be a commuter car for me as we have a Volvo for our main car.
The GM cars I've seen so far that interest me at least a little are the Vibe (basically a Toyota) and the Malibu (built on the Saab 9-3). Haven't really looked at the other Pontiacs much but they seem to be OK.
We're open to just about anything though, so please let me know if you see any good deals when you have the May numbers!
Thanks,
Jon
Carman, where might I find accurate figures for these two cars' lease numbers (MF and residual values) for 36, 42 or 48 month leases in the Chicago area for May?
Is there any website from which one can access this info?
Thanks!
MSRP: 34350
Selling price: 32912
MF: .00195
Residual: 57%
39 month lease at $468 a month.
I'd like your opinions since i'm pretty new at this. Before they were offering a .0024 MF but with a little research here i told them that was too high. Thanks in advance for your help.
Is this a coupe or sedan here?
What options?
What state?
He needs all that info to tell you if you're doin good or not...all that stuff makes the numbers vary.
thanx
Cadillac SRX V6
Volvo XC70
Audi Allroad 2.7
36 months, 12k, and live in New York
Could you please let me know MF/RV for May on 2004 Acura TL Navi (AT) and 2004 Saab Aero (AT, loaded) as well as any incentives? I'm thinking 36 mo/15K lease on Saab, lease vs. purchase on Acura, Los Angeles/Orange County, CA.
Any conceivable advantage to waiting until June or July on either one?
Thanks so much for your expertise.
Here is the information:
MSRP:$37,934
51 month/48,000 miles
Lease end value:$18,200
Money factor: 0.00174
Total sales tax: $1,565.03
Initial Capital cost:$35,642
Total monthly payment:$485.92
Amount due at start:$672.17
What do you think? The salesperson was willing to negotiate further. By reading Lexus ES330 forum, people are getting more than 10% of MSRP.
Please give me your opinion.
Thank you,
Aries1
Car_man
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Car_man
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Car_man
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Car_man
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Car_man
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As far as the specific deal that you were quoted goes, I believe that LExus Financial Services current base lease money factor for the '04 ES 330 is .00164 for 4 year leases. So the .00174 that you were quoted is very close. Perhaps they are waiving your security deposit in exchange for a .00010 increase in the base factor. This sort of thing happens all the time. So the factor that you were quoted looks reasonable.
Car_man
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MF of .00075 translates to base lease rate of 1.9%, correct? For clarification, is the $4500 from Saab in addition to the approx. $2800 GM Supplier Discount, or instead of it?
And--what's a reasonable price to pay for pre-negotiated "extra" miles above the 15K, say 1,000 per year over 3 years? Will they refund any of that if unused?