Are you a current Michigan-based car shopper? A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/2 for details.
Options

Lease Questions - Ask Here

1238239241243244468

Comments

  • ksharma01ksharma01 Member Posts: 13
    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!
  • glevittglevitt Member Posts: 30
    Hi Car_Man
    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
  • coppercopper Member Posts: 94
    Thanks Carman!

    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
  • rroyce10rroyce10 Member Posts: 9,332
    .... ** Why didn't anyone mention this when I returned the car? **

                 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.
  • ksharma01ksharma01 Member Posts: 13
    One more thing to add that I forgot... I'd like to drive at least 12k if not 15K! Again, any input will be greatly appreciated.

    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!
  • kyfdxkyfdx Moderator Posts: 264,504
    ksharma:

    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

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • mazdax605mazdax605 Member Posts: 89
    I just got home from signing the paper work on my 2 years 24k mile RX-8 lease.Thanks to edmunds,Car_man,and I am sure others on this site.I think I got a great deal.It is my first ever lease.I hope everything goes well.The deal is $309 a month including taxes.Residual is 65% or $17680 I think.MF is high at .00305 but Mazda made up for it with the $4250 in incentives.Wish me luck,and thanks again edmunds.
  • cc72cc72 Member Posts: 8
    Hi Car_man,

    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
  • ksharma01ksharma01 Member Posts: 13
    kyfdx,
    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?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, kelsey. I just realized that this is a 42 month lease. I have not seen American Honda Finance Corp.'s 42 month July lease program for the TL. Sorry that I can not work up an exact monthly payment for you, but if you take the fact that interest is calculated differently than you originally though on leased vehicles into account it should clear things up.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for providing the MSRP and selling price of this truck in your post, qascent. Let's work up a sample lease payment for you and see what we come up with. According to my calculations, if you were to lease a 2004 BMW X3 2.5i (you never mentioned the exact model that you are getting, but I believe that it is the 2.5. Let me know if it is actually the 3.0) with an MSRP of $38,845 and a selling price of $36,845 through BMW Financial Services this month for 39 months with 15,000 miles per year, your zero down, pre-tax monthly lease payment should be right around $423. So from a lease payment perspective, the quote that you were given looks good. For more feedback on the selling price that you were quoted, you may want to stop by the following discussion: BMW X3: Prices Paid & Buying Experience.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi g17. I would be more than happy to calculate a sample lease payment on this car for you. However, I have not seen Mercedes-Benz's new August lease program yet. I suspect that it will publish its new August program within the next couple of days. Please feel free to post a reminder in this discussion for me towards the end of the week and I will be more than happy to let you know what I have been able to find out about its new program. Talk to you soon.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'm glad to hear that everything worked out for you, al330ci. I always enjoy it when community members come back to let us know how everything turned out. Thanks for taking the time to do so and enjoy your new car :).

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi JP. Lease calculators are useless if one does not have accurate lease money factor and residual value data to plug into them. I am not all that familiar with the Edmunds.com calculator, but if it did provide you with a money factor and residual value they probably were not the ones that are being offered by VW Credit, but rather some sort of average interest rate and a residual value published by an independent source, like ALG. Volkswagen was providing some decent incentives on the Touareg in July. I suspect that it will continue to do so in August, but I have not seen the details of its new August program yet. I would be more than happy to try to give you an idea of what VW Credit's actual August lease money factor and residual value for this truck should be like if you post a quick reminder for me in this discussion in a few days.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    That is very annoying, jacksonq. How can NMAC expect you to pay a lease disposition fee on your vehicle if it never told you about it? Did you ever receive any bills for this charge from them? You should place a call to them ASAP to get this matter straightened out.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, jaa37. According to the latest information that I have seen, if you were to lease a 2004 Volvo XC70 with any sort of options through Volvo Finance this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be around .00045 and 55%, respectively. Lease money factors are negotiable in that dealers often have the authority to mark-up a bank's base money factor to add additional back-end profit to deals. You should always make sure that your dealer is using the base money factor for the vehicle that you are interested in. One can not negotiate a lower money factor than a bank's base number though. Vehicles' residual values are set by the bank that you are leasing through and dealers really do not have any authority to alter them. They are always based upon a percentage of vehicles' full MSRPs, not their negotiated selling prices.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Jaa37, I always advise consumers against making down payments on leased vehicles for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen and never recovered during your lease, your insurance company will pay off the bank that you are leasing it through and your down payment essentially disappears. The second main reason is that down payments on leases have no effect upon vehicles' lease-end purchase prices. So your purchase option price on the car or truck that you are interested in leasing would be exactly the same, regardless of whether you had put $10,000 down or had made absolutely no down payment at all.

    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.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello kdiamond. As you are already aware, Honda's July lease program on the Odyssey was scheduled to run through yesterday, August 2nd. I fully expect Honda to continue to provide support on this van, in an effort to help dealers unload their leftover models before the all new 2005 Odyssey hits lots, but I do not know exactly what its August program is like yet. I suspect that I will be able to find out within the next couple of days. Please post a quick reminder in this discussion for my later on this week and I will be more than happy to fill you in on what I have been able to find out about the new August incentives.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey ksharma01. BMW has a decent level of support on the 2004 330i right now. Not only is BMW Financial Services' base lease money factor on this car .00150 for leases of up to 42 months in length (this is equivalent to an interest rate of around 3.6%), but it is also providing $2,400 dealer cash on it. You can use this cash to assist you in negotiating an attractive capitalized cost for your lease. I am not intimately familiar with what the market is like for the 330i right now, but I suspect that you should be able to get one for around $500 over invoice minus this dealer cash if you shop around some. I would be more than happy to give you an idea of what the residual value for this car is like, but in order for me to do so, I need you to tell me how long you want to lease it for and how many miles per year you need to be able to drive it.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings GLevitt. The lease programs for most of the vehicles that you mentioned recently expired. I have not seen what their new August programs are like yet, but I should be able to give you an idea of what they are like if you check back with me later on this week. Just post a quick reminder about what you are looking for and I will let you know what I have been able to find out.

    Car_man
    Host
    Smart Shoppers Message Board
  • bigbutrbigbutr Member Posts: 111
    Wife and I are looking at a 2004 S60 2.4 with premium package, climate package and automatic. MSRP w/ destination is $32,190.
    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
  • kupekupe Member Posts: 4
    carman,
    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
  • dressnbdressnb Member Posts: 1
    I currently have a lease on a jeep cherokee with a residual payment of $9600, My lease expires in May 0f 2005, I am interested in a BMW 325xi sedan
    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.
  • ksharma01ksharma01 Member Posts: 13
    Hello Car_man,
    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!
  • viggieviggie Member Posts: 16
    Hi! We would like to lease a 2005 Cayenne Turbo. We have never leased a car before and do not know how to proceed. We would like to lease it for 3 to 4 years with 13000 to 15000 miles per year. Could you lead us in the wright direction. Thanks
  • lponz7lponz7 Member Posts: 25
    I would be much obliged if someone had the current money factor and residual values for a 36 and 48 month lease on the RX 330 (12,000 miles per year). Also, the acquisition fee charged by TMCC, since I have found dealers sometimes writing this up to add a hidden profit. Many thanks. lponz7
  • blackhatblackhat Member Posts: 34
    Hello!

    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.
  • diamond345diamond345 Member Posts: 1
    I'm nearly in the same boat here. I leased a 2002 Accord EX-V6 4Dr 3 years ago and the lease is due in a few weeks. They LEV is about $14500 and I'm 8000 miles under the allowance (28K currently of 36K). The car is still in perfect shape minus two very small door dings - grrrr! I realize that I could just buy it, but the sales tax and extended warranty (I haven't had any problems, but things are so expensive to fix these days) will run about $2000. For that amount, I could just lease a new one and have a smaller payment then I have now.

    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.
  • dima1dima1 Member Posts: 19
    Hello,

    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
  • jaa37jaa37 Member Posts: 67
    Thanks for all your help thus far, Carman. I noticed that Edmunds no longer lists any rebates for leases on the XC70, although I'm pretty sure the $1,000 for returning customers still applies. Also, the lease deal listed here is for 10,000 miles annually, not 12,000--is that accurate?
    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!
  • rickatnycrickatnyc Member Posts: 2
    I recently experienced a bankruptcy & the Trustee made Nissan take back my leased Pathfinder. The bankruptcy has been discharged and I am wondering if there are recommendations for dealers in the New York Nassau or Queens area who will finance easily.
    Thanks
  • markusspmarkussp Member Posts: 2
    I was at the dealership to have my car serviced when the saleman who leased me my vehical asked if i was ready to trade it in. I signed a 48 month lease and am currently in the 28th month of the term. What, aside from getting into a new vehical, is the benefit of trading in for a new leased car for me?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Edmunds.com recently published several new articles that those of you who follow the world of leasing might find interesting:

    - Top 10 Cars With the Best Residual Value for 2004

    - Top 10 Trucks with the Best Residual Value for 2004

    - Top 10 Cars With the Worst Residual Value for 2004

    - Top 10 Trucks With the Worst Residual Value for 2004

    Please feel free to post your thoughts on these articles in this discussion. Thanks and enjoy.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Copper, Volvo's July lease program was scheduled to run through August 31st. However, I heard a rumor yesterday that Volvo enhanced its lease program for the month of August. I'll dig around and see what I can find out for you. Check back with me with a quick reminder in a couple of days and I will be more than happy to let you know if this model's program has changed.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congratulations on your new car, mazdax605. Thanks for taking the time to come back and let us all know how everything turned out. The RX-8 is a heck of a car for only $309 per month over 2 years. Enjoy!

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi CC72. Automakers only allow consumers who agree to purchase or lease another vehicle from them out of their leases early. If you are offered an early lease termination by Ford, you will not be able to take advantage of it if you just want to purchase your existing leased vehicle without getting a new Ford product. If you leased your Mustang through Ford's A-Plan then you should have gotten a very good deal. When you are close to the scheduled end of your lease, compare the purchase price for it that Ford Credit quotes you to its real world value at that time. If your purchase price is reasonable and you like the car, then you may want to consider buying it.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey Steve. If I had to guess, I would say that you are probably better off leasing this car through Volvo Finance and taking advantage of its low money factors than leasing it through an independent bank and using the dealer cash. I would be more than happy to work up a sample lease payment on the car that you are considering for you. However, in order for me to do so, I need you to provide me with its full MSRP and selling price. As I am sure you are well aware, it is very important for you to know this vehicle's selling price anyhow. Without this figure, it is difficult to determine what sort of a deal you are getting.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello kupe. I would be more than happy to help you out, but I have not seen Acura's new August lease program yet. I suspect that I will have an opportunity to take a look at it within the next couple of days. Please post a quick reminder in this discussion for me in a few days and I will be more than happy to fill you in on what I have been able to find out for you. Talk to you then.

    Car_man
    Host
    Smart Shoppers Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings dressnb. I am sorry to say that you probably will not be able to get out of your current Jeep Grand Cherokee lease this far from its scheduled end without losing some money. The only way for you to get out of this lease right now would be to purchase your truck and then try to trade it in on a new vehicle or sell it on your own. If you decide to do so, place a call to the bank that you are leasing through and ask them what it would cost to buy your truck at this time. I suspect that this figure is higher than what your truck is currently worth in the real world. If this is indeed the case, then you will have to pay money out of your own pocket to get out of your lease early, or at least roll your negative equity into your next loan or lease. Furthermore, there is a decent chance that the bank that you are leasing your truck through is going to want you to make all, or at lease a significant number of your remaining lease payments even if you want out of your deal early. It probably would be in your best interest to hold on to your Jeep until the scheduled end of your lease, using the time to repair your credit. Doing so prevents you from losing money on your current deal and will help you get a more attractive interest rate when you get your next vehicle.

    Car_man
    Host
    Smart Shoppers Message Board
  • max63max63 Member Posts: 76
    Do you have the res., and money factor for a BMW 740I, 12k, 36 and 48 months. Thanks for your time!
  • kyfdxkyfdx Moderator Posts: 264,504
    BMW's national lease program advertises 39 month leases for this vehicle. Can you find out the residuals for the 39 month lease? 12K or 15K. 2.5 or 3.0

    Thanks,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • blackhatblackhat Member Posts: 34
    My car was leased in 2000. I just reached 30K miles a week ago or so (!). It is in VG condition. I'd say it were in excellent cond., but the exterior received a couple minor blemishes last year (I had been managing to keep this car in perfect condition until some idiots egged my car one night and chipped the paint in a small area, and when some careless mechanics scratched the front of the hood). Grrrr!!!

    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?
  • hcaganhcagan Member Posts: 15
    Carman,

    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.
  • simon9394simon9394 Member Posts: 7
    Car_man,

    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.
  • jaa37jaa37 Member Posts: 67
    Just talked to a Volvo dealer, who said the rebate on premium packages for XC70s ($2400, approx.) is only for purchase. He mde it soundd like the sales price for a lease would be, therefore, $2400 higher. Is this right?
  • robco62robco62 Member Posts: 5
    I am coming up on my lease termination end of Sept. Question:
    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.
  • keitaroukeitarou Member Posts: 45
    Carman,

    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.
  • mzinzimzinzi Member Posts: 33
    Hey CarMan,

    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!!!
  • primealphaprimealpha Member Posts: 2
    I currently have a Chevy Tahoe with 11 months left on the lease I am leasing a new Cadillac Escalade and the dealership I am leasing that from said that they can pay off the balance of the Tahoe lease and roll the amount into the payments for the escalade. what are the pitfalls and if they are paying the balance of the lease of (5500.00) will I then be able to keep the tahoe for the 11 months and then still turn it in?
  • bigbutrbigbutr Member Posts: 111
    I have placed many calls around looking at a 2004 S60 2.4. Here's one I received today (from a dealer in Atlanta).
    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
This discussion has been closed.