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Per Edmonds:
BMW 330i TMV =
Base $32,116
Paint $434
ZPP $3,032
ZSP $1,100
ZCW $918
522 $641
508 $323
D.Chrg $695
Total $39,612
What sort of money factor and residual would I be looking at for a three year lease? I hear there is no lease incentive at the moment so I know it may be high... perhaps a 2 year lease may be better?
Also, Edmunds lists 2400 dealer cash so can I just go in and say give me a lease on $39,612 - $2400 = $37212??? Or is that pretty bold to do? First time buying a BM!
Thanks for any feedback!
Could you give me the MF and residuals on these for a 36 and 48 month term? I have heard that the Domestic lease programs on SUVs is still not really that good do you agree?
Thanks for the help!
GLevitt
How does this deal look to you:
MSRP: $43,645
Selling: $39,697
36m/12K
$558.66 /incl. NJ tax
Are the lease deals carrying over to August?
Thanks,
Copper
All do respect .. but after the flurry of mail and phone calls, I would think you would have figured out it wasn't a invitation to the Macy's Day parade .. that being said, if you have a 4 year lease now in good standing you should be fine, worse case scenario you pay NMAC the money you owe them from 4 years ago - thats fair, no.?
Terry.
Original post below:
Dear Car_Man...
Per Edmonds:
BMW 330i TMV =
Base $32,116
Paint $434
ZPP $3,032
ZSP $1,100
ZCW $918
522 $641
508 $323
D.Chrg $695
Total $39,612
What sort of money factor and residual would I be looking at for a three year lease? I hear there is no lease incentive at the moment so I know it may be high... perhaps a 2 year lease may be better?
Also, Edmunds lists 2400 dealer cash so can I just go in and say give me a lease on $39,612 - $2400 = $37212??? Or is that pretty bold to do? First time buying a BM!
Thanks for any feedback!
First, TMV means nothing when trying to come up with a lease price. You may use TMV minus the $2400 incentive as a selling price to come up with a sample lease payment, but Car Man is going to need the MSRP of the vehicle. You can't figure the residual without the MSRP.
Or, just try dealer invoice minus $2400 plus $1000 profit. That will get you pretty close to a good sale price. BUT, he still needs the MSRP.
regards,
kyfdx
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I leased an '03 Mustang Convertible Deluxe, manual, May for 36 months. After reading various posts here, I realize that most folks think it's best to walk away at the end of the lease. I am contemplating purchasing the vehicle at the end. (FYI, I've had two minor fender bender, but that is not why I want to purchase. Tired of monthly payments.) I'd love to hear what you and others think. Here's the information I have from the lease agreement:
Monthly payment incl. tax $336.56
Purchase option at end of lease $12275.85
Residual value used to calculate monthly payment $11775.85
Gross cap cost $23161.01
- Cap cost reduction $2605.76
= Adjusted cap cost $20555.25
- Residual value $11775.85
= Depreciation and any amortized amounts $8779.40
+ Rent charge $2413.36
= Total of base monthly payment $11192.76
MSRP $25055
A Plan $22162.01 (family member works for the company)
$3000 rebate, $1000 down payment
At the end of the lease, I plan to pay in cash. (Tired of having a monthly payment.) I'm hoping to negotiate down with Ford Credit, maybe a few thousand, but of course I'll have to wait to see what the market value is in '06. Also, what happens if I'm offered an early-out, but I still want to buy this car, rather than entering into another vehicle agreement? If the offer is presented with 3 months to go, can I then just pay the negotiated purchase option price and forego the remaining lease payments?
In addition, I paid for something called WearCare for excess wear and use $500 and $499 for the alarm, which were included in the price info above. I'd also love to hear any thoughts on my original deal. Was I reamed? Sadly, I did not know of this forum at the time. Oh, the lease agreement does not show anything about the money factor.
Thanks,
CC72
Thanks for the comments. The MSRP with all options is $42,920.
So you need that for figuring out residual, but for the market cap (I think thats the term for buying price), don't you want to start at the TMV and work down the $2400 cash back?
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Down payments on leases do not have any impact upon vehicles' lease money factors. However, some banks allow consumers to make additional security deposits on leases, with each additional deposit providing a discount in the lease money factor that is used to calculate their payment. Making multiple security deposits is much better than putting money down on a lease because you actually get this money back, assuming you are not assessed any sort of penalty for excess wear and tear or excess mileage.
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Dealer invoice is a tick over $30000. However, I've been told on this forum if I lease through someone other than VFNA, I can take advantage of a no-charge premium package as well as $2,000 dealer cash, dropping it down to around $25,500.
When I was at the dealership Monday test driving the V70, I had the F&I guy run some rough figures. He never did tell me what the cap cost or money factor was (I guess that's why the #'s were 'rough estimates'). But he came back with $476 a month for 39 months with 15,000 miles a year with $1400 down.
I prescribe to your theory of little to nothing down (aside from the security deposit and acqusition fee and first month's payment, which all told eat up my down payment), so I was not surprised when he asked me if I could put more down. This dropped the payment to the $435-450 range.
Now that I've rambled on, what I'm asking is this: Does that payment sound right assuming a moderate money factor (say in the 5-7 % range) and that cap cost? I'm thinking its a tad high.
Also, when I asked whether the fact Volvo was discontinuing this specific version of the S60 next year (no 2.4, but all others remain) hurts me on the residual, he said it didn't. Is that true?
Thanks for whatever help you can provide me.
Steve
Dothan, Alabama
can you let me know the money factor, residual, and payment for a 36 and 48 month lease on 2004 acura TL auto w/o navigation. MSRP $33,349. selling price $30,661. can you figure it with $2000 down.
thanks, kupe
Msrp of $29,850. Because of my divorce my credit is in the high 500's can you tell me what the best thing would be as far as getting the BMW and what my payments roughly would be....thanks.
Here is some info (plus some) you asked for...
MSRP w/ options = $42,920.
Would like to drive 15K
if there is a huge difference in residual value, I can make it in 12K.
I am thinking of leasing for three years.
Any help on the residuals for this would be appreciated. Thanks for your great service here!
The lease for my vehicle will reach matuaration in June '05. I am trying to weigh my options on what to do with it (I do not intend to buy and keep the vehicle - I am sure about THAT part!).
Can I use my leased vehicle as a trade-in even though there is that wonderful "residual" value that comes in to play? Does this "residual" value off-set this vehicle's trade-in value? Can I only use this vehicle as a trade-in at the dealership I acquired it from?
OR... would it make more sense to get a loan next June, buy the car, THEN sell it privately and take whatever I can get for it?
If I can use it for a trade-in, I'd prefer that.
Thanks.
Do I have any leverage with the value of this car at the end of the lease towards new one? The trade-in value according to this site is between $15830 and $16440. I agree with not putting anything down on a lease, so I would like to know if lease end cars have any "value" above and beyond the LEV to help bring down the cap cost on another lease.
Thanks.
2004 Honda Pilot EX special is $299 per month/36 month on Honda website with $2000 down.
I would like to add Leather and Navigation
MSRP $33,360
INV $30,058
Could you put me on the right track with how much should the lease be for 36 month and if $299 is a good deal.
Thank you,
Dima
I'll check back in once I get a few purchase price quotes from dealers so I can figure out a decent monthly payment (with your help, of course). Thanks again!
Thanks
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Please feel free to post your thoughts on these articles in this discussion. Thanks and enjoy.
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Thanks,
kyfdx
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Anyway... I never intended to lease this car, but that's a loooong story which I will spare everyone of having to hear. So, I don't know all that much about how leases work, other than that the car is still not mine after the lease is up.
I do not intend to buy it, so this is why I need some info on what I can do with this car - what would be the smartest thing to do with this car - once the lease is up next year. I know the car I want next year. Can I use THIS car to get a better deal on a new car?
As requested a reminder, please provide me with info on new Honda program for August ie. money factor & residual on Honda Accord EX 4 & v6. I am looking at 36month 12,000 mile lease. Your help is much appreciated.
I am looking to lease a Pilot EX w/ leather for 36 months (or 39 months, whichever one is available for NY residents) with 15,000 mile per year. I would like to know what the money factor & residual value is for this month. Vehicle will be registered in NYC. Please also provide the approximated monthly payment as well (MSRP $31,360, invoice $28,261). Also, is $1000 over invoice a fair deal for the pilot at this time? Please advise. Thanks very much.
Simon K.
Should I buy out or not.
2002 Jetta 1.8T w/ leather/sunroof- residual with tax/title is $15,500. VW offering 2.9% finance and $1,000 rebate. I like the car well enough, but wonder about wisdom of paying off 3-year old car. Same pprice could get new wheels,"though not as much car."
Ending lease will require payment of about $700 lease termination fee + mileage overage + any damage. (there is extensive rear bumper scratches on car that will need to be repaired). Buyout avoids these costs.
Another question, having recently rolled past 30K(lease had 30K mileage), am I responsible for the 30K service before turning it in? Seems a shame to pay for it, knowing I'll only have a car another 2 months if I turn it in.
Can you give me the risidual value and MF for the 2004 Acura TSX w/wo Nav for 24 month and 12K miles? I live in NY. Thanks.
I'm still looking at the RX-8, how do the August numbers look?
24 months
12,000 miles per
I live in CT
Also, last month, you mentioned there was a total of $4250 lease cash available if you leased for 24 months, is this still available for August?
Thanks as always!!!
MSRP is $32,190. Car includes Premium Package and automatic transmission only.
Told me Cap cost is $27,000 even.
Quoted me three lease deals based on $1,995 down:
1. 51 months, 12,000 miles a year, $348 plus tax;
2. 48 months, 12,000 miles a year, $371 plus tax;
3. 39 months, 12,000 miles a year; $396 plus tax
Given the warranty is 48 months, 50,000 miles, I don't have a problem going 39 or even 42 months.
My question (posed also to dealer who quoted me $476 a month, 15,000 miles a year with $1,400 down) is what would make up for the drastic difference in amount? Does 3,000 extra miles a year (9,000) total really make that much of a change? I figure a 300-400 bucks maybe, but not 2,400 ($80 difference x 39 months).
Also looking at Accords, but will post those offers later.
Steve
Dothan, Alabama