Hi copper. The redesigned 2005 Audi A6 is supposed to be an outstanding car. If it is well received by the public, as I expect that it will be, it will indeed be significantly more expensive to lease than an A6 was a couple of years ago. If I am not mistaken, the new A6 will begin to arrive at dealers in November. There may still be a few '04 A6 2.7T S-Lines on dealer lots then. However, the residual values on that model may have fallen to the point that it is more expensive to lease. In fact, like most automakers do with vehicles at the end of the model year, Audi will likely pull the plug on its lease support for the '04 A6 at some point and just provide dealers with straight dealer cash to help them unload any remaining models. Re-leasing your current car is definitely an option, as long as the payment to lease it again is low enough.
Hey mzinzi. Here is the information that you are looking for. If you were to lease a 2004 BMW X3 2.5i through BMW Financial Services this month for 36 months (I haven't seen its 39 month lease program) with 12,000 miles per year, its base lease money factor and residual value should be .00110 and 61%, respectively. The numbers for an otherwise identical 42 month lease should be .00110 and 51%. You definitely do not want to lease this "truck" for more than 42 months because that is the longest term that BMW is providing lease support on. The money factor will more than double for a 48 month lease. BMW was providing dealer cash on '04 X3 3.0 models with automatic transmissions in June, but in July it did away with that cash and just enhanced its lease money factors for all X3 models.
Hi Andy. As long as you are absolutely positive that none of the terms of your deal have changed I don't see a problem with having to sign a new lease on this car, of course other than the inconvenience of having to go back to the dealership because of their error. The lease program on the 330xi is indeed worse in July so its not as if the program improved and they are trying to squeeze a little extra profit out of your deal by using the new program.
Hello ba_lbc. I have not seen the new July lease program from Mercedes-Benz yet. It usually does not introduce its new program until a few days into the month. For instance, it did not come out with its June program until the 7th of the month. Please feel free to post a quick reminder in this discussion for me early next week and I will be more than happy to fill you in on what I have been able to find out about this car's program. Talk to you then.
Greetings tcmotorcity. Here's the info that you're looking for. If you were to lease a 2005 Nissan Altima 3.5 SE through Nissan Motor Acceptance Corp. right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00193 and 58%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00191 and 57%. If you were to lease an '05 Altima 3.5 SL through NMAC right now its 36 month 15k and 39 month 15k numbers should be .00235 / 56% and .00235 / 55%, respectively.
Capital One bought out peoplefirst.com awhile back and now it's called capitaloneautofinance.com. I have had two loans through them and everything has been great. I don't know about electronic payments, but they offer a reduction in the finance rate for automatic payments from your checking account. I will use them next time I finance.
I live in ohio and am looking to lease either a Nissan Altima 2.5 s / Honda Accord EX / or Mazda 6 s Hatchback. Can you tell me money factors and residuals for 36 and 48 months?
Just a reminder. I think a few of us are interested in how/if the A6 2.7T S-line lease program changed yesterday.
Can you verify that the $2k dealer incentive is still there or if it's more/less. Also can you provide the following for 36, 39, and 42 month leases @ 15K miles/year? I think one other person on the board was interested in this as well. We are both in NJ. Thanks!
Hi, I need the residual and money factor for a RX 330, 3 year and I want to compare 12K and 15K. A lexus dealer told me US Bank would be the best (54% res and .00168 mf) I didn't get lexus' rates.
Car_man just a reminder about the 2004 2.7t allroad lease program for july. i'm in colorado and have received calls from 2 dealers with whom negotiations stalled giving me better terms for July. they have said that the interest rate has stayed the same (money factor .00041) and that the residual has gone up 1%, which means that lease rates are in fact better.
please let me know what current Audi to dealer cash incentives are on this model, what the lowest money factor is and what the residual should be on a 36 month/15k lease. thanks
carman, can i get your thoughts on post 11793? i now have the dealer down to a supposed $190 profit as they assume part of my 1999 volvo remaining 2 payments. that is 1795 off of invoice. can i get a better money factor than the .0005 i indicated above? is the $2000 go dealer from june now increased?
No I haven't pulled the trigger yet. Your deal depends on what's included in the cap cost? Have they rolled in tax, title, doc fee, etc.? If not, then I would say you're leaving some $$ on the table especially if you're getting the loyalty rebate. That MF is good (almost neglible). Don't know about the residual because I've inquired about different terms and mileage. To me it's almost offensive that they offer 10K mile/yr leases! Especially in NJ. No one can possibly drive that little and if you do, just buy a Camry. You're hardly in the car anyway.
In any event I'm waiting to hear from Carman here regarding the July lease programs before I pursue it any further with the dealers.
As promised in message 11166, I'm back. Just wondering whether you have seen any data on the Acura TL for July. If so, I will get some specific figures together for you to take a look at. As I stated earlier, my current lease is up on the 24th of this month. I'm thinking seriously about extending it until the '05s arrive. However, if there are some attractive incentives this month, I might go ahead and lease now.
I have 28,000 miles now on my 39month lease that is over in November. So I tend to stay way under. The car is mostly in the garage on the weekdays. I'm in Hoboken. 5 minute from the Path.
This is my first quote...without any haggling. So I have lots of room.
Car_Man - I'm just posting to a reminder to my previous post.
Car_man - It's me again, and my car still hasn't arrived yet, but it's due to arrive July 23rd. Can you please get me the residual % and MF for July. 39 Month lease with 15K mile/yr and 18K miles/yr.
Thanks for the reply (you to ponytrekker)...Actually found out today that E-loan will give me a 3 year dealer/used @ 4.45% while the best Capital One Auto would do was 5.45%!!! They wouldn't even try to match or beat E-Loan. This was strange to me. Anyway, I guess I'm going w/ E-loan. I doubt I can beat 4.45%. Anyone have any experience with them? Again, thanks for any input!
few questions for you car man, currently i am leasing my car and i want to get out of it and i found a buyer who is matching the payout price.
Now do i have to pay sales tax additional to the payout amount after i receive the certificate?
Also the leasing bank says i have to wait 7-10 days to receive the certificate of the title after they receive the payment. now i don't think the buyer would pay me the amount first and then wait 10 days to drive the car before i could change the title to his name and i don't want to release the car to the new owner without releasing the ownership so i won't be responsible if anything happens. What do you recommand? help!
thx for the fast response, few more questions, if the payout is 20k, and i am from Cali, i would have to the sales tax of that pay out amount? if so, to who? how? i believe the leasing bank is from out of state, NY? i think
also , if the buyer hasn't made a downpayment or any sort, he just said he wants to purchase it and we agreed on price, am i bind to sale the car to him or can i change my mind and sale the car to someone else who makes a deposit or pay first?
What is the current details of the Odyssey EX-RES lease deal? It's 24 months, $259 month and 12k miles/year.
I'd be looking for more miles (probably 20k/year) but any info on the MF and residuals would help. Are there any additional incentives here - factory to dealer maybe?
Thanks CarMan. I went ahead and leased before I heard back from you. I was able to get it below invoice by about $300, so he only got about $450 of the holdback. I guess a guy has got to make a profit, right?
I got approved for a loan through eloan but didn't use it as I decided to lease through the dealer instead. I have heard horror stories though -- from the dealer's persepective -- in that they bounce checks if the dealer's paperwork isn't up to snuff.
Let's say invoice on a car is $40,000. And there is a dealer cash back of $2000 and a loyalty rebate of $1000 in this particular case. Does this mean that if the dealer sells me the car for the invoice price...he makes $3000 profit? And if he sells at $1000 UNDER invoice, he still makes $2000 profit? Does the $3000 in incentives leave me with $3000 of bargaining room?
Copper, You are right on. These Audi dealers are crazy though as they still want to make $2-3K on these cars, while they sit on the lot. The same car design since 1998. Once the 05s start rolling in November, they'll be sorry.
Hey Carman, Any word on the Audi A6 S-line lease program for this month as referenced in previous messages? I'm waiting on you before I contact the dealer :-)
Car_Man Still looking at the 04 RX 330 as I have not been able to get a deal I feel satisfied with. Currently they are using US Bank for the lease over TMFC, as they are offering a higher Residual and lower M.F.
1. First My lease terminates 10/01, so I can only end my lease earlier if I Release through Lexus, which I would prefer anyway. 2. After speaking with the Sales Manager at the dealership he told me that Lexus typically offers a special deal in August on Lease programs. He told me that it is expected this year as well, so best time to lease would be sometime in August. 3. Although obviously dealers are generally more aggressive end of month. 4. My payment is due 8/01 and for me to not make an additional payment on my lease he said that I would have to sign a new lease in July or I would be responsible for 8/01 payment even if I signed New Lease on 8/01 5. I like the 01 RX 300 we have now and don't feel I need to get rid of it. The 04 does have some features that make it a better vehicle to drive, and would certainly prefer to drive anew vehicle if I don't have to pay any more than I am now.
Now that you have the facts, for the questions, hopefully you will have the answers. You may have to tap into your special sources for this.
1. Does Lexus truly have a "Special program" or better Lease factors in August?
2. Is it a fact that Lexus will not allow me to utilize the special "Encore" early Lease termination on August 1st or 2nd without charging the entire month. Seems to me that the Dealer could consider the car back 7/31, and I could in fact drop it off then. This way I could have the benefit of the August special, and still turn in my lease early.
Any other comments would be appreciated Thanks again Gary W
thx for the fast response, few more questions, if the payout is 20k, and i am from Cali, i would have to the sales tax of that pay out amount? if so, to who? how? i believe the leasing bank is from out of state, NY? i think
also , if the buyer hasn't made a downpayment or any sort, he just said he wants to purchase it and we agreed on price, am i bind to sale the car to him or can i change my mind and sale the car to someone else who makes a deposit or pay first
I went down to the Honda dealer today and was quoted a lease of $384 per month for 24 months with no money down other than the first month's payment and title and registration fees. Taxes (at 8.25%) are rolled into the lease payment.
This is for an EX model with the DVD player which Edmunds has a TMV price of $25,583.
What should I expect to pay for a lease of this type? I had seen that Honda was running a lease special but this price seems a bit high base on what I have seen on this website.
Referring back to my previous message, are the July incentives out? If so, please provide me with the 2 year lease numbers for 12K/year and 15K/year numbers. The MSRP is $ 28,230, and the sales price is $ 25,440. I live in Berea, OH.
For kfsaer in #11829, I have a June, 2004 quote of $ 301.73 plus 8% sales tax from Sunnyside Honda in Middleburg Heights, OH. The selling price is $ 25,440, the residual was 71%, the money factor was 0.00113, and the MSRP was $ 28,230 for the EX-REL. There was only a down payment of $ 441.36, which included the first month payment of $ 325.86, which was $ 301.73 plus 8 % sales tax for Cuyahoga County, OH and $ 115.50 for documents and temporary tag. Hope that helps.
Local Sunday paper has ad for Saab 24/24 sales event with a lease on a 9-3 Linear for $225/mo w/ $999 total down (down pymt and 1st pymt), 24k total miles. Says its for eligible participants in gm employee program, any idea if that includes supplier program? At 225/mo I'm tempted, but I only qualify for supplier program. Any one have luck w/ saab leases?
I am considering a 36 month lease on a Toyota 4Runner; my credit score is 677-717 (assume 677). What kind of competitive lease rate should I expect, and from whom should I inquire. Would it be profitable to be prequalified? Are dealers able to offer better financing?
I read on a magazine that there are special rates for a one payment lease, how much deduction on the rate do you get? lets say for example a mercedes, toyota, or a bmw, thanks for your help
Just picked my new Audi A6 2.7T S-Line, it's awesome. Thought some people might find these figures usefull...
premium and cold weather packages 42 months 15k miles a year No money down purchase price $41,500 Residual $20,500 6% tax 0.0003 money factor $549 / month
I have called the bank who holds the lease on my car and gotten the payoff. Lease matures April-05. Is this too early to ask about negotiating the price for buy=out and who do you ask to talk to besides the "nice" lady who answers and ho hums what you say? thanks
You provide a great service. This was the only place I was able to get specific information regarding residuals/money factors on X3 leases. Is there a reason Edmund's doesn't list this information in the "Incentives and Rebates" section of its web site? They seem to be very thorough with respect to reporting marketing support (discounts from MSRP) and financing incentives (low interest rates), but don't seem to cover subvented leases.
I ordered an X3 2.5M in June, which should be arriving soon. This is the deal I accepted, with an understanding that I would be offered any new incentives that came along before delivery:
My question is, are there currently lower money factor leases being offered by BMW on this vehicle? I saw a couple of posts on BMW enthusiast boards referring to a .00090 money factor. This would save me more than $50 a month, so I would be VERY interested in knowing.
Thanks again for sharing your knowledge and experience on this board. It is much appreciated.
Glad you are enjoying your new A6 and thanks for providing your terms. Do your figures account for the $2K incentive currently on the A6? If not, I have to say that individuals such as yourself are encouraging Audi dealers to hold out on these cars. Have you not been reading this board closely? The newly designed 2005 is coming out in the fall, so Audi is providing at least a $2000 incentive on 2004 A6s. An S-Line with premium and cold weather packages has an invoice price of $41,418. So if your purchase price was $41,500, you left $2082 on the table. Not to mention we've seen money factors quoted as low as .0001 too. Sorry for being so critical, but I just wish people would stop focusing so much on payment and start to examine the details more. If I've misinterpreted any of your terms, please let me know.
I am in northern Virginia (just outside DC) and I am looking for the money factor and residuals on following cars for 36/39/42 months @ 15k/year miles.
2004 Audi A6 2.7T S line 2004 Infiniti G35x 2004 Nissan Murano SE AWD 2005 Subaru Legacy 2.5T Limited Sedan
Jabber, I'm very comfortable with the deal that I struck for both the audi as well as my trade in BMW. If you feel like you can do better by all means negotiate the best deal you can. Hope you're able to get the audi you want at the price you want. Good luck.
I am new to the board and am amazed at all of the great information that I am finding. I was wondering if you could work up a sample lease for me on a 2004.5 Volvo S40 T5. I live in NY. Here is the info:
MSRP: $30720 Invoice: $28781 12K/year 36 month lease $2000 out of pocket expenses 8.25 sales tax
Jabber, Most of the people are like that. They are too scared to analyze and haggle for some reason. I think it has a lot to do with dealer's "attitudes" in general. Like they are doing us a favor for only doing a $1000 deal. But they fail to mention the other $2000 cash they are getting from other sources. It's a nice money making business, especially when suckers come along. My sister leased a Land Rover three years ago. MSRP was about $43,000. She was happy with her $500 a month payment. And when she told me she put $5000!!! down, I almost killed her.
Our leases are up at the same time and she's asking me to help her. She wants an Audi, after driving mine a few times. So whatever dealer I go with, will be selling me TWO cars. I guess that increases my bargaining power a little. :-)
Kfsaer- That payment sounds high. I just leased a 2004 Ody EX- DVD (no leather) Residual was 71% after 24 months Money factor: 0.00103 (financing from Honda- which you want because of the excellent promotional rate, and $1500 of damage forgiveness at end of lease) Cap cost: 25,500 (invoice) 1st payment, title, registration, security deposit paid up front Payment without trade equity was ~310.
I highly recommend plugging your numbers into an online lease calcalator or using the spreadsheet at www.carbuyingtips.com or software at www.leasewizard.com.
In a market like NY, you can do better than invoice...
I agree with you. What happens is, and I'm not saying that this happened to Lazio, because I don't know all the terms of his deal, but people THINK that they're negotiating. Example, dealer sucks them in and creates hype around a car that there should be no hype over, then the 1st offer the dealer makes to them is laughable to anyone sane..they say no to the dealer instinctively (I hope), the dealer counter offers with something better, but is still a terrible deal. They accept thinking they're getting a deal.
The other point I was trying to make is that most people are purely reactive and only compare the current deal with the one they had previously. So if they took a bath on their previous car then almost any new deal, albeit a bad one will seem favorable.
I realize that it's a "free market", but that doesn't mean you're free to be uninformed. The more informed people are the more competitive the market will be. So long as people make deals without all the facts they will continually drive up the prices on cars and skew the true supply/demand equation.
Audi dealers are quoting me residuals that are 2% points less than last month, which is a lot. Anyone seen Carman? Looking to validate this.
Copper, you might think I'm crazy, but to gut check your bargaining power by buying two cars, here's a suggestion. Contact multiple dealers, but to half of them only inquire about your car. To the other half, inquire about your sister's car. Then match up the two best deals and go back to all the dealers and see if they can do better if they sell you both cars. This way you'll really see if buying two cars from the same dealer really gave you an advantage.
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Capital One bought out peoplefirst.com awhile back and now it's called capitaloneautofinance.com. I have had two loans through them and everything has been great. I don't know about electronic payments, but they offer a reduction in the finance rate for automatic payments from your checking account. I will use them next time I finance.
John
If/When you get the July numbers from Subaru can you let me know?
John
Any suggestions?
Thanks in advance!
2005 Legacy GT sedan automatic
MSRP: 27811
Selling price: 25640
Gross Cap Cost: 26235 (includes 575 acquisition fee)
Net cap cost: 24195
Payment 325-330 (includes 6% sales tax)
$2500 Down payment
39 mo lease, 12000 mi/yr 13785 Residual
Do those numbers make sense?
Hope that helps
Just a reminder. I think a few of us are interested in how/if the A6 2.7T S-line lease program changed yesterday.
Can you verify that the $2k dealer incentive is still there or if it's more/less. Also can you provide the following for 36, 39, and 42 month leases @ 15K miles/year? I think one other person on the board was interested in this as well. We are both in NJ. Thanks!
-Residual
-Money Factor
-Acquisition Fee
-Disposition Fee
-Security Deposit
-Over mileage charge
just a reminder about the 2004 2.7t allroad lease program for july.
i'm in colorado and have received calls from 2 dealers with whom negotiations stalled giving me better terms for July. they have said that the interest rate has stayed the same (money factor .00041) and that the residual has gone up 1%, which means that lease rates are in fact better.
please let me know what current Audi to dealer cash incentives are on this model, what the lowest money factor is and what the residual should be on a 36 month/15k lease. thanks
thanks much
I'm in north Jersey.
I'm being quoted:
$45,820
$41,000 cap
59%
.00010 MF
25 months
10K miles
$515
They're buying back my Audi 4 months early.
And also I get $1000 Loyalty rebate.
Is this a good deal?
No I haven't pulled the trigger yet. Your deal depends on what's included in the cap cost? Have they rolled in tax, title, doc fee, etc.? If not, then I would say you're leaving some $$ on the table especially if you're getting the loyalty rebate. That MF is good (almost neglible). Don't know about the residual because I've inquired about different terms and mileage. To me it's almost offensive that they offer 10K mile/yr leases! Especially in NJ. No one can possibly drive that little and if you do, just buy a Camry. You're hardly in the car anyway.
In any event I'm waiting to hear from Carman here regarding the July lease programs before I pursue it any further with the dealers.
As promised in message 11166, I'm back. Just wondering whether you have seen any data on the Acura TL for July. If so, I will get some specific figures together for you to take a look at. As I stated earlier, my current lease is up on the 24th of this month. I'm thinking seriously about extending it until the '05s arrive. However, if there are some attractive incentives this month, I might go ahead and lease now.
Thanks,
oidvoid
Tax is rolled in. Out of pocket is $1449.
I have 28,000 miles now on my 39month lease that is over in November.
So I tend to stay way under. The car is mostly in the garage on the weekdays. I'm in Hoboken. 5 minute from the Path.
This is my first quote...without any haggling. So I have lots of room.
Copper
What residual, money factor, etc. would I be looking at for the 05 Mercedes C240 sedan at 36months 12,000 miles in Southern California?
How's that comparing to the 05 C230 Kompressor Sport Sedan?
Thanks ahead of time!
Car_man - It's me again, and my car still hasn't arrived yet, but it's due to arrive July 23rd. Can you please get me the residual % and MF for July.
39 Month lease with 15K mile/yr and 18K miles/yr.
Thanks again!!
Now do i have to pay sales tax additional to the payout amount after i receive the certificate?
Also the leasing bank says i have to wait 7-10 days to receive the certificate of the title after they receive the payment. now i don't think the buyer would pay me the amount first and then wait 10 days to drive the car before i could change the title to his name and i don't want to release the car to the new owner without releasing the ownership so i won't be responsible if anything happens. What do you recommand? help!
Next, get $x,000 from someone who loves you, or from someone who doesn't, like your credit union.
Pay the silly car off, pay the tax (hey, you got a break on that when the lease began!), and wait for the title.
Pretty simple, but not entirely painless.
-Mathias
also , if the buyer hasn't made a downpayment or any sort, he just said he wants to purchase it and we agreed on price, am i bind to sale the car to him or can i change my mind and sale the car to someone else who makes a deposit or pay first?
I'd be looking for more miles (probably 20k/year) but any info on the MF and residuals would help. Are there any additional incentives here - factory to dealer maybe?
Thanks,
Jeff
Thanks for your help!
-Vdubdude
Let's say invoice on a car is $40,000.
And there is a dealer cash back of $2000 and a loyalty rebate of $1000 in this particular case.
Does this mean that if the dealer sells me the car for the invoice price...he makes $3000 profit? And if he sells at $1000 UNDER invoice, he still makes $2000 profit? Does the $3000 in incentives leave me with $3000 of bargaining room?
Thanks,
Copper
You are right on. These Audi dealers are crazy though as they still want to make $2-3K on these cars, while they sit on the lot. The same car design since 1998. Once the 05s start rolling in November, they'll be sorry.
Hey Carman,
Any word on the Audi A6 S-line lease program for this month as referenced in previous messages? I'm waiting on you before I contact the dealer :-)
Still looking at the 04 RX 330 as I have not been able to get a deal I feel satisfied with. Currently they are using US Bank for the lease over TMFC, as they are offering a higher Residual and lower M.F.
1. First My lease terminates 10/01, so I can only end my lease earlier if I Release through Lexus, which I would prefer anyway.
2. After speaking with the Sales Manager at the dealership he told me that Lexus typically offers a special deal in August on Lease programs. He told me that it is expected this year as well, so best time to lease would be sometime in August.
3. Although obviously dealers are generally more aggressive end of month.
4. My payment is due 8/01 and for me to not make an additional payment on my lease he said that I would have to sign a new lease in July or I would be responsible for 8/01 payment even if I signed New Lease on 8/01
5. I like the 01 RX 300 we have now and don't feel I need to get rid of it. The 04 does have some features that make it a better vehicle to drive, and would certainly prefer to drive anew vehicle if I don't have to pay any more than I am now.
Now that you have the facts, for the questions, hopefully you will have the answers. You may have to tap into your special sources for this.
1. Does Lexus truly have a "Special program" or better Lease factors in August?
2. Is it a fact that Lexus will not allow me to utilize the special "Encore" early Lease termination on August 1st or 2nd without charging the entire month. Seems to me that the Dealer could consider the car back 7/31, and I could in fact drop it off then. This way I could have the benefit of the August special, and still turn in my lease early.
Any other comments would be appreciated
Thanks again
Gary W
also , if the buyer hasn't made a downpayment or any sort, he just said he wants to purchase it and we agreed on price, am i bind to sale the car to him or can i change my mind and sale the car to someone else who makes a deposit or pay first
This is for an EX model with the DVD player which Edmunds has a TMV price of $25,583.
What should I expect to pay for a lease of this type? I had seen that Honda was running a lease special but this price seems a bit high base on what I have seen on this website.
Any assistance would be most appreciated. Thanks.
For kfsaer in #11829, I have a June, 2004 quote of $ 301.73 plus 8% sales tax from Sunnyside Honda in Middleburg Heights, OH. The selling price is $ 25,440, the residual was 71%, the money factor was 0.00113, and the MSRP was $ 28,230 for the EX-REL. There was only a down payment of $ 441.36, which included the first month payment of $ 325.86, which was $ 301.73 plus 8 % sales tax for Cuyahoga County, OH and $ 115.50 for documents and temporary tag. Hope that helps.
premium and cold weather packages
42 months
15k miles a year
No money down
purchase price $41,500
Residual $20,500
6% tax
0.0003 money factor
$549 / month
You provide a great service. This was the only place I was able to get specific information regarding residuals/money factors on X3 leases. Is there a reason Edmund's doesn't list this information in the "Incentives and Rebates" section of its web site? They seem to be very thorough with respect to reporting marketing support (discounts from MSRP) and financing incentives (low interest rates), but don't seem to cover subvented leases.
I ordered an X3 2.5M in June, which should be arriving soon. This is the deal I accepted, with an understanding that I would be offered any new incentives that came along before delivery:
MSRP: 39830
Cap Cost: 38085 (including mats)
Residual: 24694.60 (62%; 10000 miles per year)
Depreciation: 13390.40
343.34 + 109.86 = 453.20 (.00175 money factor)
5% tax = 22.66
Monthly Payment = 475.86
Net Cash at Delivery = 1168.36 (first month's payment + security deposit + doc fees + acquisition fee - deposit; 475.86 + 500 + 167.50 + 525 - 500)
My question is, are there currently lower money factor leases being offered by BMW on this vehicle? I saw a couple of posts on BMW enthusiast boards referring to a .00090 money factor. This would save me more than $50 a month, so I would be VERY interested in knowing.
Thanks again for sharing your knowledge and experience on this board. It is much appreciated.
Glad you are enjoying your new A6 and thanks for providing your terms. Do your figures account for the $2K incentive currently on the A6? If not, I have to say that individuals such as yourself are encouraging Audi dealers to hold out on these cars. Have you not been reading this board closely? The newly designed 2005 is coming out in the fall, so Audi is providing at least a $2000 incentive on 2004 A6s. An S-Line with premium and cold weather packages has an invoice price of $41,418. So if your purchase price was $41,500, you left $2082 on the table. Not to mention we've seen money factors quoted as low as .0001 too. Sorry for being so critical, but I just wish people would stop focusing so much on payment and start to examine the details more. If I've misinterpreted any of your terms, please let me know.
Enjoy the S-Line.
I am in northern Virginia (just outside DC) and I am looking for the money factor and residuals on following cars for 36/39/42 months @ 15k/year miles.
2004 Audi A6 2.7T S line
2004 Infiniti G35x
2004 Nissan Murano SE AWD
2005 Subaru Legacy 2.5T Limited Sedan
I am new to the board and am amazed at all of the great information that I am finding. I was wondering if you could work up a sample lease for me on a 2004.5 Volvo S40 T5. I live in NY. Here is the info:
MSRP: $30720
Invoice: $28781
12K/year
36 month lease
$2000 out of pocket expenses
8.25 sales tax
I really appreciate your help!
Most of the people are like that. They are too scared to analyze and haggle for some reason. I think it has a lot to do with dealer's "attitudes" in general. Like they are doing us a favor for only doing a $1000 deal. But they fail to mention the other $2000 cash they are getting from other sources. It's a nice money making business, especially when suckers come along. My sister leased a Land Rover three years ago. MSRP was about $43,000. She was happy with her $500 a month payment. And when she told me she put $5000!!! down, I almost killed her.
Our leases are up at the same time and she's asking me to help her.
She wants an Audi, after driving mine a few times. So whatever dealer I go with, will be selling me TWO cars. I guess that increases my bargaining power a little. :-)
Copper
That payment sounds high.
I just leased a 2004 Ody EX- DVD (no leather)
Residual was 71% after 24 months
Money factor: 0.00103 (financing from Honda- which you want because of the excellent promotional rate, and $1500 of damage forgiveness at end of lease)
Cap cost: 25,500 (invoice)
1st payment, title, registration, security deposit paid up front
Payment without trade equity was ~310.
I highly recommend plugging your numbers into an online lease calcalator or using the spreadsheet at www.carbuyingtips.com or software at www.leasewizard.com.
In a market like NY, you can do better than invoice...
Last time I will ask for these numbers - I promise.
Can I get the 2004 Pacifica Money Factor and Residual for 39 month, 12k/year. If they have $10k/year, I would like that too.
I also remember you saying there is a $550 aquisition fee - can you confirm.
As for incentives, I see $4000 lease cash + $1000 bonus cash. Anything else?
Thanks - Damon
Metallic Paint
Premium Package
Automatic Transmission
MSRP = $39,345
36 mos. lease @ 10K per year = $396. per month.
Upfront $ includes an $800. "Aquisition" fee, first month payment, DMV fees + all NYS sales tax for a total of approx. $2600.
Good deal??
I agree with you. What happens is, and I'm not saying that this happened to Lazio, because I don't know all the terms of his deal, but people THINK that they're negotiating. Example, dealer sucks them in and creates hype around a car that there should be no hype over, then the 1st offer the dealer makes to them is laughable to anyone sane..they say no to the dealer instinctively (I hope), the dealer counter offers with something better, but is still a terrible deal. They accept thinking they're getting a deal.
The other point I was trying to make is that most people are purely reactive and only compare the current deal with the one they had previously. So if they took a bath on their previous car then almost any new deal, albeit a bad one will seem favorable.
I realize that it's a "free market", but that doesn't mean you're free to be uninformed. The more informed people are the more competitive the market will be. So long as people make deals without all the facts they will continually drive up the prices on cars and skew the true supply/demand equation.
Audi dealers are quoting me residuals that are 2% points less than last month, which is a lot. Anyone seen Carman? Looking to validate this.
Copper, you might think I'm crazy, but to gut check your bargaining power by buying two cars, here's a suggestion. Contact multiple dealers, but to half of them only inquire about your car. To the other half, inquire about your sister's car. Then match up the two best deals and go back to all the dealers and see if they can do better if they sell you both cars. This way you'll really see if buying two cars from the same dealer really gave you an advantage.
Jabber