Lease Questions - Ask Here

honda_fan · July 2004

Hi everybody,

Here's my question (hopefully not very stupid :-):

Why doesn't leasing company refund the money I paid for depreciation over the lease term in case when I decide to buyout the vehicle, as the depreciation of the car is only my problem after all? To keep that money would be fair, if the car would be returned to the leasing company and not otherwise... Thanks much in advance.

Regards,
Alex

stacey_burke · July 2004

I'm sorry but that just does not make sense. The depresciation is the amount that you used. The car is not worth as much as when you started the lease. Who is to pay for that use if not you? If you buy the car after the lease is up, you are not paying the cost of the car when it was new, you are paying the depreciated cost - so you pay the amount that the car depreciates during the lease.

tulip1 · July 2004

Hi Car Man,
Thanks for your devotion to all of us. We're looking to lease a '04 9-3 Linear. SaabUsA shows deals at $249 a month/$2999 due at lease inception(down payment, sec deposit,acq fee, 1st month pymt)---36 month lease. We'd prefer not to put a down payment. Based on your knowledge:
1)Is Saab 9-3 the best entry luxury lease deal around?
2)Can we negotiate out of down payment?
3)Should we jump on this special showing expiration of 7/31?
4) Would like to do 15K miles a year, rather than 12K miles.
5) other research shows GM offered a $3000 incentive in June, don't know if still available?
6) FYI---TMV shows $28120 for the options we want :black, cold weather, on star, automatic transmission
7) What pkg or deal should we ask for or expect? Our priority is no money down with low interest rate. We won't be buying this car. We're not in a rush. We just need it for our consulting business.

Thanks in advance!

rroyce10 · July 2004

........... ** 60 month lease ** .......

            Hmmm, how do I say this in a nice way -- ARE YOU NUT's .?!?! .... 39 months starts getting edgy, 42 months is usually too long and 48 months can be a bad dream, except you get to live it over and over again ~ and 60 months is the Kiss of Death ..... hang on to the Stang til' a better lease program comes out, also I might mention your "about" dead even or "less" in the GT (unless it's a convert) .....

                    Good luck,

                          Terry.

CarMan@Edmunds · July 2004

Hi cl2398. You must live in the Detroit area. General Motors frequently advertises employee lease deals in the newspaper in that part of the country. Unfortunately, while consumers who are eligible to purchase vehicles through its supplier purchase program are entitled to attractive prices, they are not as low as the prices that employees of General Motors are eligible to receive. If you were to lease this car, your monthly payment would likely be a little higher than the one that is featured in the ad. In general, Saabs are very good cars to lease because they have tons of lease support available on them. I know a number of people who have gotten incredible deals on them. The 9-3 and 9-5 are a lot of car for them money if you can lease them through GM's supplier or employee purchase programs.

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bigsam2000 · July 2004

Thanks for the info Terry - Yes, the GT is a convertable so I'm a bit ahead. Just concerned about the new '05s coming out and saturating the market. What are your thoughts about a finance at 60 mo?

Thanks for the help!

Sam

CarMan@Edmunds · July 2004

Hello macman3. You should be able to get a decent idea of what sort of interest rate you can expect if you were to apply for financing on a new vehicle by clicking on the "Finance Rate Estimator" link that appears on the following page: Edmunds.com Finance & Leasing Center. It is definitely in your best interest as a consumer to get pre-approved to finance the car or truck that you are interested in prior to visiting any dealers. By doing so, you give yourself a good idea of what sort of interest rate you qualify for and will provide motivation to dealers to try to beat the rate that you have already been quoted.

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CarMan@Edmunds · July 2004

Hey ogbuffguy. A number of banks, do indeed provide consumers with discounts in the lease money factor that is used to calculate their lease payments if they agree to pay for their entire lease in advance. I do not know the exact reduction that each of the banks that you mentioned provides though. Your best bet would be to ask me for an idea of what the normal lease programs are like on the models that you are interested in and then ask the F&I person at the dealership you are working with what sort of discount they will provide you with if you do a pre-paid or advance pay lease.

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CarMan@Edmunds · July 2004

Congratulations on your new car, lazio. Audi has some sweet deals on the A6 right now. Thanks for taking the time to let everyone know what your deal is like. Very few community members post the details of their deals, but I am sure that many many people who read this discussion find it helpful when they do. Enjoy your new ride!

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CarMan@Edmunds · July 2004

Hi rich2121. Not all banks will negotiate the lease-end purchase prices of vehicles. The ones that will usually are not willing to do so until their lessee is only a month or two away from the scheduled end of their lease. If your bank lowers your vehicle's purchase price a number of months before the end of your lease, they will not only be losing money by lowering its residual value, but they will also miss out on all of the money that they stood to make off of your payments.

When you call to try to negotiate your vehicle's purchase price a month or two prior to the end of your lease, if your initial contact will not work with you there is always a chance that you will get better results by working your way up the ladder a rung or two to some sort of manager. There certainly is no guarantee that your bank will be willing to lower your vehicle's price, but you don't have anything to lose by asking.

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CarMan@Edmunds · July 2004

I am glad that you enjoy this discussion so much, pipo. I am only involved in the Town Hall portion of this site and am not sure why Edmunds does not list information on manufacturers' lease programs in the incentives section of this site. BMW's July base lease money factor for the 2004 X3 2.5 is .00110 for leases of up to 42 months in length. I am not sure where the person who mentioned the .00090 factor got it, but that is not the program that BMW is offering at this time. The residual value for this "truck" may have dropped since you last heard it in July. In order for me to tell you if that is the case, I need you to tell me how long you are leasing this vehicle for.

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CarMan@Edmunds · July 2004

Greetings novatt. Here is the information that you are looking for. If you were to lease a 2004 Audi A6 2.7T S line through Audi Financial Services in Virginia this month for 36 months with 15,000 miles per year, its current base lease money factor and residual value should be .00010 and 47%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00010 and 42%. When negotiating your lease on this car, keep in mind that Audi is providing $2,000 dealer cash on AFS leases of this car in your area this month. This money will help you to negotiate a more attractive capitalized cost than you would have been able to without it.

If you were to lease a 2004 Infiniti G35x through Infiniti Financial Services this month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00169 and 58%, respectively. The numbers for otherwise identical 39 and 42 month leases should be .00170 / 57% and .00170 / 55%.

If you were to lease a 2004 Nissan Murano SE AWD through Nissan Motor Acceptance Corp. this month for 36 months with 15,000 miles per, its base lease money factor and residual value should be .00193 and 55%, respectively. The numbers for otherwise identical 39 and 42 month leases should be .00193 / 54% and .00193 / 52%.

Last, but not least, if you were to lease a 2005 Subaru Legacy 2.5i Limited Sedan through Subaru's captive finance company this month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00105 and 49%, respectively. The numbers for otherwise identical 39 and 42 month leases should be .00105 / 47% and .00120 / 46%.

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CarMan@Edmunds · July 2004

Welcome aboard, czm3136. I would be more than happy to calculate a sample lease payment on the car that you are interested in for you. According to my calculations, if you were to lease a 2004.5 Volvo S40 T5 with a full MSRP of MSRP: $30,720 and a selling price of $29,081 ($28,781 invoice + $300) through Volvo Finance this month for 36 months with 12,000 miles per year, its zero down, pre-tax monthly lease payment should be right around $429 or so. At lease signing, you would be required to pay this car's first month's payment of $429, a security deposit of around $450, and Volvo Finance's lease acquisition fee of $695 in New York for a total of around $1,574.

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CarMan@Edmunds · July 2004

Promises, promises... I'm just kidding of course, Damon. I'm always glad to help. According to the latest information that I have seen, if you were to lease a 2004 Chrysler Pacifica AWD through Chrysler Financial in most areas this month for 39 months with 12,000 miles per year, its base lease money factor and residual value should be .00150 and 48%, respectively. I am not sure if Chrysler Financial leases vehicles with only 10,000 miles per year. If it does, I have never seen its residual values for leases with that allowance. Its lease acquisition fee is indeed currently $550. In July, DaimlerChrysler is providing $4,000 lease cash plus an additional $1,000 Chrysler Financial bonus cash for a total of $5,000 on the '04 Pacifica.

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CarMan@Edmunds · July 2004

Hi mia. It is difficult for me to analyze your deal without knowing this car's selling price. This is an extremely important number for you as a consumer to know because without it you do not know what sort of discount you have been able to negotiate on the vehicle that you are interested in leasing. Remember that the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Furthermore, knowing this car's selling price will enable you or myself to calculate a sample lease payment on it that you can compare to the quote that you have already been given. I would be more than happy to give you my thoughts on this deal if you tell me this car's selling price. Talk to you soon.

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mia · July 2004

Hi Car_man:

Sorry.

According to the dealer the MSRP is $39,345. The selling price would be $33,724 however if they treated the $800 Aq. Fee as a cap cost reduction the selling price would be $32,924.

Either way the upfront money remains the same. Approx.$2700.(1st payment, $800 Aq. Fee., all NYS taxes & DMV fees)

Does this help?

Thank you so much!!

copper · July 2004

Carman,
Thanks for your replies.

Is 24months/10K lease for Audi A6 still .00010 and 59%?

Thanks!

Copper.

jabber · July 2004

Thanks Carman,
How about the lease details (residual and money factor) for 42 months on the TL Manual w/ and w/o Nav? 15K miles/year?
Jabber

wibble · July 2004

Greetings Car_man,

How is the money factor affecting by credit score on this car? My FICO is 660. Thanks.

janamax · July 2004

Hi Car_Man. I noticed that Mazda seems to have a great lease deal on the 2004 Mazda6 sedan, which I am interested in. It stated $225 per month for 48 months with $1500 CCR. Any idea if that MP would go up a lot with no CCR?

Thanks!

rroyce10 · July 2004

........... If your going to finance for 60 or so months then thats fine, especially with some *equity, money down, cash, peso's* coming in and hopefully a successful 05 .. now is the time to be selling/trading the GT convert in Hotlanta the market is probably at it's most hungry ... drop over to: Real-World Trade-In Values and I can give you the skinny on the real deal value, don't forget the 'portant info, options, miles, color, condition, read a few and you'll get the idea .............

Terry.

ddelise · July 2004

Hi Car_Man -

Thanks for getting back with me. I can't blame you (since I have posted about 71 times on this subject), but you mistakingly posted information for an 2004 AWD Pacifica, and I asked for non-AWD. Anyway, I am looking for:
2005 Pacifica Touring:
*36 Month Residual
*39 Month Residual
*36 Month Money Factor
*39 Month Money Factor

2004 Pacifica:
*36 Month Residual (quoted 47%)
*39 Month Residual
*36 Month Money Factor (quoted .00140)
*39 Month Money Factor

All for 12k miles year.

On an interesting note, I spoke with a Chrysler dealer today. They said the aquisition fee is either $550, but a security payment is required, or $700, and no security payment is required.

I know at least one other person is looking for similar information, so I don't feel too bad asking again (just a little!).

Anyway - thanks as always (and I sure hope Edmunds pays you well for putting up with people like me...).

Damon

ronzo28 · July 2004

Mr. Leasing Guru - PLease let me know your opinion of a deal I signed today. I leased a 2004 Odyssey EX, with cloth. My down payment was $2300 and my payments are $292/mo, which includes all taxes, fees, etc...2 yrs, 24k miles. Thank you.

mzinzi · July 2004

Hi CarMan...

Wondering if you have the lease figures and any incentives for the following cars:

2005 Subaru Legacy 2.5 GT
39/42 months
12/15k per year

2004 Mazda RX-8 6-speed
36/42/48 months
10/12k per year

I've heard that there is a $2500 lease incentive on the RX-8 this month, do you know anything about it? I'm in CT if it matters.

Thanks as always!!!

anonymousposts · July 2004

Do you have credit issues which may have resulted in a higher money factor? Honda's current lease program is $1538 due at signing and $249 per month for a 24 month/24,000 mile lease. And that is on an EX-RES. What was the selling price of your vehicle?

CarMan@Edmunds · July 2004

Greetings gasnsteering. I would be more than happy to calculate a sample lease payment for you on the truck that you are considering getting. Let's see, you are interested in leasing a 2004 Cadillac Escalade EXT with a full MSRP of $56,580 and a selling price of $51,626 through General Motors Acceptance Corp. this month for 36 months with 15,000 miles per year. According to my calculations, this truck's zero down, pre-tax monthly lease payment should be right around $752. Even though we calculated this lease based upon a selling price that is equivalent to this model's dealer invoice, you should be able to easily lease one for less than invoice right now because General Motors is providing $3,000 lease cash on '04 Escalade EXTs at this time. Let's say that you were able to lease this truck for $2,000 below invoice (a fairly conservative estimate). That would drop the payment for an otherwise equivalent lease to around $693, which is a lot more attractive.

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CarMan@Edmunds · July 2004

Need more room, huh, coppamc. Let's take a look at this model's current lease program. According to the latest information that I have seen, if you were to lease a 2004 Cadillac SRX V6 (you never mentioned if you want the V6 or the V8 - let me know if you want info for the V8 model) through General Motors Acceptance Corp. this month for 24 months with 12,000 miles per year, its base lease rate and residual value should be 3.95% and 65%, respectively. The numbers for otherwise identical 36 and 48 month leases of this "truck" are 3.95% / 57% and 3.95% / 49%. I believe that GM is providing $1,750 lease cash on the '04 SRX in your area right now (this money varies a lot by region, I think that this amount is correct for where you live). This cash will help you to negotiate a more attractive capitalized cost than you normally would have been able to get.

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CarMan@Edmunds · July 2004

Hi kfsaer. I am very familiar with Honda's special two year lease on the Odyssey. I would be more than happy to work up a sample lease payment for you on the exact van that you are considering getting. However, in order for me to do so, I need you to provide me with its full MSRP and selling price. Once I have this additional info I will be able to help you out.

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CarMan@Edmunds · July 2004

Hello jmko. Balloon notes, which is what General Motors' SmartBuy program is, are not nearly as popular as leases. As a result, I do not personally keep tabs on manufacturers' balloon note programs. Balloon notes are very similar to leases in that they provide low monthly payments with the option to purchase after a predetermined period of time. I would be more than happy to work up a sample lease payment on the model that you are considering for you. I know that's not exactly what you are looking for, but it would give you a good reference point to use while shopping. If this is something that you would be interested in, I need you to tell me this truck's full MSRP and selling price and I will let you know approximately how much money it would cost to lease right now.

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CarMan@Edmunds · July 2004

Hi jalal28. I am surprised at how fast the prices have fallen on this nice car. It's a competitive market for autos right now I guess. I suggest that you look up the dealer invoice price on the exact RX-8 that you are interested in here at Edmunds.com. This is a good idea because I have a feeling that you will be able to lease this car for a few hundred dollars, say $500 or so, over invoice before any available incentives are deducted from its price. Mazda is providing $750 dealer cash on all sales of the '04 RX-8 this month. In addition to this cash, it has $2,500 dealer cash on leases of this car. This means that you should be able to lease one for well below invoice without too much trouble.

I just worked up a sample lease payment, based upon the numbers that you provided in your post. According to my calculations, the car that you are interested in should have a zero down, pre-tax monthly lease payment of right around $457. Other than the fact that having your dealer make your final two payments on your current lease will hamper your ability to get the best possible deal on your new car, it shouldn't cause any problems. The bank that you are leasing your Acura through shouldn't charge you any sort of early lease termination penalty as long as you make all of your remaining payments in full.

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CarMan@Edmunds · July 2004

Hello asia. Toyota's incentives program varies, depending upon which one of its 12 regions one is in. I haven't seen its lease program for every part of the country, but its base lease money factor is indeed .00133 in the areas that I have seen. This is the lowest possible money factor that you can get if you lease through Toyota Financial Services, so you really can not negotiate it. I am not familiar with what sort of price you will have to pay for this model right now, but you may be able to get a better idea by looking up its Edmunds.com True Market Value in the New Vehicle Pricing section of this site or by stopping by the the following discussion: "Toyota Highlander: Prices Paid & Buying Experience".

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CarMan@Edmunds · July 2004

Welcome back, ricochet600. Honda is not providing any sort of special financing rates on the 2004 CR-V at this time. As a result, you should be able to get a much better finance rate on one through an independent bank that you would be able to get through Honda's captive finance company. If you decide that this is the new vehicle that you want, it is in your best interest to get pre-approved to finance it through a local bank or one that does business over the Internet, prior to entering into any negotiations. Doing so will give you a good idea of what sort of rate you will qualify for and will motivate your dealer to try to beat the rate that you have already been approved at.

Toyota is providing special financing rates on the 2004 RAV4 in certain parts of the country. I would be more than happy to tell you what I know about the rates that are available on this model if you tell me what state you live in.

Neither American Honda Finance Corp. or Toyota Financial Services lease vehicles with 20,000 miles per year. The highest mileage limit that these companies lease vehicles with is 15,000 miles per year. If you need to drive 20,000 miles per year, you would have to purchase additional miles on a per-mile basis.

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CarMan@Edmunds · July 2004

Hi Miguardo. Let's take a look at the lease programs for the two models that you are considering. According to the latest information that I have seen, if you were to lease a 2004 Honda Accord Coupe EX through American Honda Finance Corp. in any state but New York this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00143 and 54%, respectively. When negotiating your lease on this car, keep in mind that Honda is providing $500 dealer cash on '04 Accord coupes with 4-cylinder engines and $1,000 on Accord coupes with 6-cylinder engines. This cash will enable you to negotiate a lower capitalized cost than you normally would have been able to.

As far as the 2005 Nissan Altima 3.5 SE goes, if you were to lease one through Nissan Motor Acceptance Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00193 and 58%, respectively. I have a feeling that you'll be able to get a little more attractive lease payment by leasing this car through NMAC for 39 months. Its numbers for that term are .00191 and 57%.

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CarMan@Edmunds · July 2004

Yep, I was away for a few days. Thanks for the "well deserved" comment

. I've been back since Thursday and blasting away at all of the posts in this discussion.

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CarMan@Edmunds · July 2004

Greetings Bhaskar. Let me begin by saying that consumers should never put money down on leased vehicles. When I say that they shouldn't put money down, I mean that they should not make any sort of capitalized cost reduction. I say this for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen during the course of your lease, your insurance company pays off the bank that you are leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So the cars that you mentioned in your post would cost the exact same amount of money to purchase at the end of your lease, regardless of whether you had put several thousand dollars down or had made no down payment at all. Consumers are usually either approved to lease a vehicle or they aren't. Down payments do not have much to do with whether one is approved to lease or not, like they do with loans.

Toyota's lease program varies by region and I do not know exactly what its current program is like in Kentucky right now. Having said this, I should be able to give you a general idea of what sort of lease payment you should expect on these cars at this time if you provide me with their full MSRPs and selling prices.

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CarMan@Edmunds · July 2004

Hi beachtwin. I sure wish that I was at the beach right now

. I would not necessarily say that you would be better off leasing rather than purchasing your next vehicle. Leasing will probably provide you with a lower monthly payment than financing would, but you will not own your vehicle at the end of your lease like you would at the end of your finance contract. You definitely put a lot of miles on your vehicles. Let's see, 140 miles to work each day, times five days a week is 700 miles per week, times four weeks per month is 2800 mils per month, times 12 months per year equals around 33,600 miles per year just for commuting to and from work. The highest mileage limit that most banks lease vehicles with is 15,000 miles per year. Consumers are usually allowed to purchase additional mileso n a per-mile basis, but you are way over 15,000 miles per year. Given your high mileage requirement, I would say that you are probably better off just financing your next vehicle. If finance payments are too high, you just need to look at a less expensive model.

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CarMan@Edmunds · July 2004

Let's work up a sample lease payment on this van for you, kfsaer. According to my calculations, if you were to lease a 2004 Honda Odyssey EX with DVD with a full MSRP of $28,000 and a selling price of $25,000 through AHFC in New York this month for 2 years with 12,000 miles per, your zero down, pre-tax monthly lease payment should be right around $309.

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CarMan@Edmunds · July 2004

Thanks gwarren. I would hardly call them restful days, but it was nice to take a little break. Your dealer may be privy to some information that I am not, but I personally doubt that Lexus will have any sort of special lease money factors on the 2004 RX 330 next month. As I always say though, it is difficult to predict what automakers will do with their future incentives programs with 100% accuracy.

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CarMan@Edmunds · July 2004

Thanks for the reminder, treyrox. If you were to lease a 2004 Audi allroad 2.7T through Audi Financial Services in Colorado this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00041 and 55%, respectively.

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CarMan@Edmunds · July 2004

Hey Damon. This questions sounds a little familiar. I'm not sure if I have answered it already, but just in case here you go. According to the latest info that I have seen, if you were to lease a 2004 Chrysler Pacifica AWD through Chrysler Financial this month for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00150 and 48%, respectively. The numbers for an otherwise identical lease of an '05 model should be .00232 and 56%. Chrysler is providing $4,000 lease cash + $1,000 Chrysler Financial bonus cash on the '04 Pacifica and $1,000 lease cash + $1,000 Chrysler Financial Bonus Cash on the '05 model.

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CarMan@Edmunds · July 2004

Hi jdunn37. Whether or not dealer cash may be used in conjunction with a special lease program varies from manufacturer to manufacturer. In your post you specifically mentioned BMW. BMW's current dealer cash may be used on BMW Financial Services leases and it will enable you to negotiate a lower selling price than you normally would have been able to.

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CarMan@Edmunds · July 2004

I haven't scrolled forward to see others' reactions to your post yet, but I am sure that some other community members will say the same thing that I am. Sixty months is way too long to lease a vehicle for. You are much better off leasing for 39 to 39 months. If you can not afford to lease the vehicle that you are interested in for that long then you really should consider a less expensive model. I would be more than happy to work up a three year sample lease payment on the model that you are interested in for you if you provide me with its full MSRP and selling price.

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CarMan@Edmunds · July 2004

Hi Alex. Remember that you are paying a reduced price for your vehicle when you purchase it at the end of your lease. If your bank didn't charge you for its depreciation, then it would have to sell it to you for its original full price in order to not lose any money.

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anonymousposts · July 2004

What is the money factor/residual for a 36/15,000 lease on a 2004 Honda Accord EX-L sedan w/ manual transmission?

We have been quoted a price of $21,900 for the vehicle including several accessories. Does Honda allow the dealer to add a portion of the OEM dealer-installed accessories to the residual?

CarMan@Edmunds · July 2004

Hey anonymousposts. I better answer your question now before it gets buried in the middle of my question-answering frenzy. If you were to lease a 2004 Honda Accord EX-L Sedan through AHFC this month for 3 years with 15k miles per, its base lease money factor and residual value should be .00143 and 54%, respectively in every state but New York. I am not sure what AHFC's policy is on the residualization of options. Most banks will allow lessees to residualize certain options up to a set dollar limit per option. When negotiating your lease on this car, keep in mind that Honda is providing $500 dealer cash on '04 Accord Sedans in July.

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anonymousposts · July 2004

One more question ... is a 36 month lease the best option right now. Are they offering support on shorter terms?

czm3136 · July 2004

Many thanks Car_man - I didn't expect you to respond once I saw all those questions coming in, but I really appreciate it!

CarMan@Edmunds · July 2004

You're welcome, tulip1. Saabs are great cars to lease for the money. Whether it is the best "luxury car" to lease for the money is somewhat subjective because it all depends upon what you like, but in terms of its monthly lease payment in relation to its original MSRP it's up there. You certainly can and should lease this car without making any sort of down payment. Not making a down payment will have an impact upon this car's lease payment though unless there is enough room for negotiation left in its price that your dealer can just discount the car by the amount of the down payment and not alter its capitalized cost. I personally would not feel a great sense of urgency to jump on this offer right away if you aren't ready yet. Saab's lease program expires at the end of every month and it almost always comes out with a program that is fairly similar when the next month begins. Saab is providing $4,000 lease cash on the '04 9-3 Linear in July that will help you to negotiate a more attractive capitalized cost. I would be more than happy to work up a sample lease payment on a zero down lease for you if you provide me with the full MSRP and selling price of the exact model that you are considering.

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CarMan@Edmunds · July 2004

You're very welcome, czm3136. There certainly has been a lot of traffic in this discussion lately. I'm starting to get cramps in my typing hands from all of this hunting and pecking

.

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CarMan@Edmunds · July 2004

No problem, mia. Lease acquisition fees are charged by banks and do not act as a capitalized cost reductions. I'm having a hard time hopping around between posts trying to find all of the information that I need. Please provide all of the information that is needed to calculate a lease payment into one message and I will be more than happy to work up a payment for you. This includes the MSRP, selling price, how long you want to lease for, and how many miles per year you need to be able to drive.

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