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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Copper. Audi's lease program for this car varies depending upon which exact trim level you want and what state you are in. If you let me know these two items I will be able to give you an idea of what the factor and residual should be like.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, jabber. I haven't seen AHFC's 42 month program for this car. Sorry that I can't be of more help.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey wibble. The captive finance companies of the traditional Big Three automakers are usually fairly lenient about why they approve for leases because the more people they approve, the more vehicles their parent companies sell - and GM, Ford, and DCX need every sale they can get nowadays. I am not sure what Chrysler Financial's cut-off is for its special lease program, but I think that there is a decent chance that you will qualify for its best money factors.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi janamax. I can tell you exactly how much money it would cost you to lease the car that you are interested in without making any sort of down payment. I just need you to provide me with this car's full MSRP, selling price, trim level, the length of the lease that you want, and the number of miles per year you need to be able to drive it.

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  • mookiemookie Member Posts: 16
    Hi Carman,

    I am interested in leasing a 2004 BMW 330cic. MSRP is $47,045 and the capitalized cost is $46,045. Can you let me know what a lease of 3 years and 15,000 miles will cost as well as the money factor and residual value? Also, is there a particular month that incentives are best and worthwhile to wait for?

    Thanks for the help.
  • bigsam2000bigsam2000 Member Posts: 5
    Carman -

    Thanks for the insight, After careful review of other posts on this it seems that a 60 month lease is indeed to long. Here is the MSRP and selling price on the STI for a three year lease model:

    05 Subaru Impreza STI
    Options: K5B, N4C, I5X
    MSRP: 34,232
    Selling Price: 33,020
    Quoted:
    60 Month Residual (quoted 41%)
    60 Month Money Factor (quoted .0036)
    Security $550
    Trade in: 15,000 (Payoff: $14,700)

    Again, thanks for the help. This board has been very helpful!

    BigSam
  • tulip1tulip1 Member Posts: 4
    Hi Car_Man,

    Thanks for the help!
    Here’s the info:
    MSRP:$ 28,535
    TMV: $ 26,996

    36 month lease
    15 K miles

    .
    Here are my 2 questions (aside from asking your expertise on a lease payment schedule):

    1. When dealers and advertisers send these monthly payment figures, are they including the interest and tax per month? Just wanted to know the “standard” way industry speak when they advertise or submit quotes. I’m a bit confused based on the $249/3K down payment I see listed on SaabUSA website vs.the quotes I’m getting from my SF Bay Area internet bids. The dealers here come back with a $359/35 month lease and $1100 cash down. OR a $399.52 month/36 month, 15K miles yr lease. None have gotten anywhere near the $249 a month payment.

    2. One dealer wrote back that a sunroof (although listed as an option) is a required option, unless special ordered without. I don't care for a sunroof, but will take it if it's required. Is what he said true? If that’s the case, then please add $1200 to the MSRP, and $1080 to the TMV.

    Thanks in advance, Carman.
  • bhaskarrao009bhaskarrao009 Member Posts: 4
    Thanks Car Man,

    Will keep ur advice in mind
    Bhaskar
  • maxim49maxim49 Member Posts: 41
    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 again!!
  • tampabaytampabay Member Posts: 18
    Car Man have you heard of any specials on Infiniti leases. I am looking at a FX35. With all the toys. Priced at 40203 pre tax and title. I could put down as much as $15000 if the leases are any good. Would prefer a 36 month.

    thanks
  • denisempmpdenisempmp Member Posts: 3
    Hello Everyone,
     I have a question and need some help-- being a 23 year old trying to learn all the car vocabulary has been rough! I have a 2001 grand am se. It has about 35,000 miles on it. I owe about 8,000 on it.roughly. (However, the back of it has a crack in the bumper from a stupid accident in my driveway) ( I am looking to trade it in to lease a 2004 honda accord coupe EX or grand am gt. My dad says he is not sure whether I will get screwed if I trade it into a honda dealer being a pontiac. Also, the fact that my kind of semi wrecked scares me. What will the payments look like? Any info on whether i should go for a honda or pontiac? Any help would very much appreciated. I have wrote to two dealers through email to get quotes on hondas.
  • coppercopper Member Posts: 94
    Carman,
    I'm in NJ and this is for Audi A6 2.7T s-line.
    Thanks!
  • av8rmiltav8rmilt Member Posts: 3
    Carman,

    Thanks for the great information!!!
    I have negotiated invoice price for a Nissan Altima 3.5 SE manual with floor mats and splash guards MSRP $32930/invoice $22127 (before $1000 rebate) What should I expect for lease prices for 36 and 48 months at 12k miles per year with only first payment out of pocket and 7% sales tax.

    Thanks!
  • anonymouspostsanonymousposts Member Posts: 3,802
    Is this a good deal?

    2004 Honda Accord EX-L manual transmission
    MSRP: $23990
    Invoice: $21,638
    Installed accessories: approx $1,000
    (Spoiler, fog lights, front chin spoiler, fenderwell trim, splash guards, and cargo net)

    Cap cost: $22700
    Residual: $13,200
    Mileage: 15,000 per year
    Term: 36 months
    Down payment: $0.00 (Nothing paid at signing, no first month's payment, no security deposit)
    Payment: $360 including tax at 6%
  • pipopipo Member Posts: 36
    Thanks, Car_man. My original deal was 39 months, .00175 money factor, 62% residual (10000 miles per year). What are the residuals being offered now with the .00090 money factor?
  • wibblewibble Member Posts: 569
    Greetings Car_man. Could you please help me with money factor, residuals, acquisition fee and anything else you think I might need to know. The car is a Jaguar X-Type 3.0 with a MSRP of $37245 and a selling price of $32250. The lease will be for 36 months with 12,000 miles a year. I'm in Oregon if that makes a difference. Hopefully I can find a car Mrs. Wibbler likes at a payment I like!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ronzo28. One thing that I noticed about your deal is that you made a large down payment. I usually advise consumers against making down payments on leased vehicles. I do so for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen during your lease term, 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 this van's purchase price at the end of your lease would be exactly the same, regardless of whether you had put $2,500 down, or had made absolutely no down payment at all.

    It is difficult for me to give you my opinion on your lease payment without knowing the full MSRP and selling price of the vehicle. If you provide me with these two numbers I would be more than happy to let you know what I think.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello mzinzi. According to the latest information that I have seen, if you were to lease a 2005 Subaru Legacy Sedan GT through its captive finance company for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00100 and 49%, respectively. The numbers for an otherwise identical 42 month lease should be .00120 and 47%. If you were to lease this vehicle with only 12,000 miles per year, its residual values would be 50% for 39 months and 49% for 42 months.

    As you have heard, Mazda is indeed providing $2,500 dealer cash on leases of the 2004 RX-8. In addition to this lease cash, it also has an additional $750 regular dealer cash on most '04 RX-8 models. Its lease money factors on the '04 RX-8 vary depending upon what state you are in and what your credit rating is. If you qualify for Mazda's top credit tier, I believe that the 3 year, 12,000 miles per base lease money factor and residual value for an '04 RX-8 with a manual transmission should be .00305 and 56%, respectively in your area. The numbers for an otherwise identical 4 year lease should be .00310 and 48%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, anonymousposts. Honda's special lease money factors are available for any length lease, up to 36 months. So you would be able to take advantage of its current lease support and lease for say 24 or 30 months.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings mookie. I would be more than happy to help you out. If you were to lease a 2004 BMW 330cic through BMW Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00255 and 57%, respectively. Using these numbers, an MSRP of $47,045 and a capitalized cost of $46,045, I come up with a zero down, pre-tax monthly lease payment of right around $720. BMW was providing lease support on '04 3-Series convertibles back in April, but it phased out this support as summer approached. I doubt that it will provide any sort of lease support on 3-Series convertible models again until the colder months approach. Convertibles are so popular during the summer that BMW does not need to provide any support on them then, other than the slow selling Z4.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, BigSam. I will use the additional information that you provided me with to calculate a sample three year lease payment for you. According to my calculations, if you were to lease a 2005 Subaru Impreza STI with an MSRP of $34,232 and a selling price of $33,020 through its captive finance company this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $554. The payment for an otherwise identical lease with only 12,000 miles per year would drop to $545.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, tulip1. Let's work up a sample lease payment on the car that you are interested in. According to my calculations, if you were to lease a 2004 Saab 9-3 Linear with an MSRP of $28,535 and a selling price of $22,996 (Edmunds.com's TMV of $26,996 - $4,000 lease cash) through Saab Financial Services Corp. this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $317.

    Manufacturers' advertised lease payments always include interest charges, but I have never seen one that includes tax. Most automakers, especially ones that make higher-end products like Saabs, load up the cars that they send to dealers with options because that is how most people want them. I have a feeling that you will have a difficult time finding a 9-3 without a sunroof in inventory. Adding this option, using the prices that you listed for it, increases the sample lease payment that I worked up for you to around $333.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, Bhaskar.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey maxim49. If you were to lease a 2004 Infiniti G35 Coupe through Infiniti Financial Services in July for 39 months with 15,000 miles per, its base lease money factor and residual value should be .00215 and 58%, respectively. IFS does not publish residual values for leases with 18,000 miles per year. If you need to drive this much, you will have to purchase additional miles at lease signing on a per-mile basis.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tampabay. Infiniti is providing lease support on the 2004 FX35 this month. Let me begin by saying that I usually advise consumers against making down payments on leased vehicles. I do so for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen during your lease term, 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 this "truck's" purchase price at the end of your lease would be exactly the same, regardless of whether you had put $15,000 down, or had made absolutely no down payment at all.

    I would be more than happy to work up a sample lease payment on the exact model that you are interested in for you. However, in order for me to do so, I need you to provide me with its full MSRP and selling price.

    Car_man
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  • maxim49maxim49 Member Posts: 41
    You're the man!!!
    Thanks a lot! I'll post back when I pick up my car this friday.

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Help is on the way, denisempmp. There is a great article here at Edmunds.com that will answer any questions that you have about lease terminology. Here is a link to it: Leasing Glossary.

    If I was in the market for a new car, I personally would go with a Honda Accord over a Pontiac Grand Am in a second. You do not necessarily have to trade your current car in on your next vehicle. In fact, it would be a bad idea to use the proceeds from your trade as a down payment on a lease anyhow. It is never in consumers' best interest to put money down when leasing. If I was in your situation, I would get the Pontiac's bumper fixed, clean it up really well, and try to sell it on my own. By doing so, you will maximize the amount of money you get for it. If it is priced reasonably, you should be able to move it fairly quickly by putting a For Sale sign in the window and by taking out an advertisement in a local newspaper.

    I would be more than happy to give you an idea of what your lease payment will be like on the Accord that you are interested in if you let me know its full MSRP and an approximate selling price.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, maxim49. Make sure to let us know how you like your new car when you pick it up.

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  • bigsam2000bigsam2000 Member Posts: 5
    Thanks Carman - Excellent Info. What would happen to the model if I were to put down $2000 w/ 12 miles per year?

    BigSam
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, BigSam. It is definitely not in your best interest to make a down payment when leasing. I always advise consumers against doing so for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen during your lease term, 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 this vehicle's purchase price at the end of your lease would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional information, Copper. If you were to lease a 2004 Audi A6 2.7T s-line in New Jersey this month for 2 years with 10,000 miles per, its base lease money factor and residual value should be .00010 and 59%, respectively. In addition to this special lease money factor, Audi is providing $2,000 dealer cash on AFS leases of this model in your area. This money will help you to negotiate an attractive capitalized cost.

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  • anonymouspostsanonymousposts Member Posts: 3,802
    Is this a good deal?

    2004 Honda Accord EX-L manual transmission
    MSRP: $23990
    Invoice: $21,638
    Installed accessories: approx $1,000
    (Spoiler, fog lights, front chin spoiler, fenderwell trim, splash guards, and cargo net)

    Cap cost: $22700
    Residual: $13,200
    Mileage: 15,000 per year
    Term: 36 months
    Down payment: $0.00 (Nothing paid at signing, no first month's payment, no security deposit)
    Payment: $360 including tax at 6%

    My husband and I have differing opinions and would like an experts $.02.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, av8rmilt. There's something funny about the prices that you mentioned in your post. There is no way that there is a $10,000 spread between this car's MSRP and dealer invoice price. I suspect that you made a typo when you provided the MSRP.

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  • jamesyjjamesyj Member Posts: 1
    Hey all,

    I am about to lease a 2.2 bmw Z4 and it comes with to crappy 15" alloys!! - are there any rules etc on putting yur own alloys on the car? I only wanna put 17" or 18" the car comes with an option for these from BMW!

    Thanks hope someone can help me!
  • keeferbkeeferb Member Posts: 81
    Hi Car_man,

    Can you give me the residual and money factor for a 2005 Nissan Altima 2.5S auto? 36 or 39 month, 15k/yr. Also, can the $1000 rebate be used with a lease?

    Thanks a bunch.
  • bargainhunterbargainhunter Member Posts: 1
    Thanks for all the useful info, Car_man.
    I am shopping for Fx35 and like to have the money factor for 39 & 42 mon with 15K/yr. My research said 0.00177 & 179 with 54 & 52% as residual.

    If the monthly offerred by dealer is more than (Cap. Dep + finance + tax), any suggestions?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello anonymousposts. Right off the bat without working up any sort of lease payment I can tell you that there is nothing special about this deal. Dealers almost always have tons of Accords in inventory and Honda is providing $500 dealer cash on '04 Accord Sedans in July. As a result, I suspect that you would be able to find a dealer that would lease you one at least invoice, if not a hundred or two below. That is of course unless you are interested in a rare color or combination of options that would command a premium. If you are going to roll AHFC's $595 lease acquisition fee into this car's capitalized cost it is a better deal than it initially appears, but there is probably still some room to negotiate.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, pipo. In July, BMW Financial Services' 36 month, 10,000 miles per year base lease money factor and residual value for the 2004 X3 2.5i should be .00110 and 62%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I would be more than happy to help you out, wibble. According to the latest information that I have seen, if you were to lease a 2004 Jaguar X-Type 3.0 through Jaguar Credit this month for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00007 and 51%, respectively. I believe that Jaguar Credit's base lease acquisition fee is $495.

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  • 307web307web Member Posts: 1,033
    Hi. I didn't see any reply to my posts on July 15th.

    Can you provide an estimated monthly payments?

    2.5 automatic model without navigation.

    $0 down
    MSRP $34,490
    Selling price $27,028
    36 months 45K total miles

    and

    3.0 automatic without navigation
    $39,765 MSRP
    $32,275 selling price

    other terms the same

    These cap costs are assuming the $5000-5500 incentives that are available on purchases now. Are they also available on the leases?
    If not then the cap costs will be $5000 more on the 3.0 and $5500 more on the 2.5.
  • wibblewibble Member Posts: 569
    Thank you very much. That looks like the lowest money factor I've ever seen!
  • 307web307web Member Posts: 1,033
    Car_Man,

    Can you provide payments on a 24 and 36 month lease on a 2004 Lexus ES330 with navigation?

    MSRP $37,230
    Selling Price $33,268
    15K miles per year
    $0 down
  • hartthartt Member Posts: 79
    Hi Car_man.

    Could you please provide the money factor and residual for the following vehicles. I am interested in a 3year/36,000 mile lease.
    04 Trailblazer LS 4wd
    04 4Runner SR5 4wd
    04 Durango SLT 4wd
    I am in located in No.KY.
    Thanks.
  • tampabaytampabay Member Posts: 18
    Car_man

    Thanks for the valuable info.

    My msrp is $44240 the negotiated sales price is $40500 both pre taxes and pre title but including destination.
    This is a fx35 fully loaded.

    I would consider a fully prepay lease. Would prefer 36 or 39 months. Im a low mileage 7000-8000 p.a driver.

    As an addition i will be selling my car for approx $11000 . There is a sales tax advantage in part ex that against new fx . We only pay the tax on the difference here. So maybe you can take that into consideration.

    I will check back frequently. I really appreciate your assistance.

    thanks
  • pipopipo Member Posts: 36
    Thanks again, Car-man. One more question: is the residual 62% on 39 or 42 month leases as well as 36? If so, I'll take the longer terms. If not, I'll take the 36.

    It now looks like I'll be taking delivery in August, so I may ask you then whether the deals being offered by BMW have improved. Muchas gracias one more time.
  • av8rmiltav8rmilt Member Posts: 3
    You are correct, I transpose the first two numbers. What I meant to write was Nissan Altima 3.5 SE manual with floor mats and splash guards MSRP $23930/invoice $22127 (before $1000 rebate) What should I expect for lease prices if they agree to lease it for $21300. 36/39 and 48 months at 12k miles per year with only first payment out of pocket and 7% sales tax.

    Thanks again!
  • denisempmpdenisempmp Member Posts: 3
    Thank you so much car man for responding. Okay.. let's just say that fixing my bumper was not an option. (basically my dad wants rid of the car and thinks its unsafe and it would cost mega bucks to fix, correct? replacing the whole bumper because its cracked and painting it, right?) What would you do then with the car?

    THE MSP on the honda accord ex coupe was 22,600.00 The total cost of the vehicle was listed at 23,090.00 I have not spoken with any honda dealers yet... just found the car I want. Also, why does honda always want money down for a lease? To make the payments cheaper? Is honda going to be offering any special deals in the near future on coupes? Why does it seem like it is always on sedans.

    Thank you so much from the bottom of my heart! I am new to all of this and I appreciate you taking the time to help the LOST me!!

    I would really like a honda, but I'm stuck with this pontiac that I still owe about 7600.00 on......
  • euzareuzar Member Posts: 8
    Hi Carman,

    I was wondering if you could give me the MF/residuals on an 05 Impreza Rs wagon, no options, for a 36-39 month 12K/15K lease? I'm in New Jersey if it matters.

    Thanks,

    Edmund
  • vangoochvangooch Member Posts: 4
    Car Man,

    I'm looking to lease a car for the first time and am grateful to have learned about this valuable message board resource. According to the calculator on the bmwusa.com website, imputting 3 variables for leasing a 2004 BMW 325i (w/ automatic, $30,070 MSRP, 15K miles/yr., 36 months) would give me a $414 monthly payment. Could you please let me know your best estimate for the implied residual value % and money factor behind the calculation ? How does such residual value % and MF compare to the current leasing promotion for the same 2004 car but with only a 10,000 mile/yr. allowance for $299 per month. To make it apples to apples, could you please factor in whatever excess mileage charge for the add'l 5,000 miles/yr I'll be charged at lease signing ?

    Ultimately, I'd like to be able to figure out which would be the better 36-month lease for lower monthly payments, one on a 2003 Certified Pre-Owned or on a 2004 325i under the current promotion (thru Aug 31st). But I'll have to save that for another post.

    thanks in advance,

    van
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jamesyj. I believe that the 2004 BMW Z4 2.2 comes standard with 16" tires. There is an option to upgrade it to 17" OEM wheels. If you add this option to your car, it can be residualized and become part of your vehicle's lease payment. However, I do not believe that BMW Financial Services allows the residualization of aftermarket tires and wheels, so if you go with something other than BMW's official upgrade you will probably have to pay cash for it. If you are allowed to bake aftermarket wheels into your lease, you would probably have to pay for them in full, dividing their cost by the number of months in your lease and adding that amount to your monthly payment.

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