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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi htownpimp786. Acura is not currently providing any sort of incentives on the 2004 TL. If you were to lease one through American Honda Finance Corp. this month, you would have to use its standard lease money factors. Its current 4 year base standard money factor is .00220 for residents of every state except for New York. For feedback on this car's pricing, you should stop by the Acura TL discussion that appears on the Prices Paid & Buying Experiences Message Board here in the Town Hall. I can work a sample lease payment based on the numbers that you provided in your post. According to my calculations, an '04 TL without navigation (MSRP: $35,195 / selling price: $33,100) should have a 4 year, 12,000 miles per zero down, pre-tax monthly lease payment of right around $428. If you were to make a $2,500 capitalized cost reduction on this car, your lease payment would drop to around $371. Having said this, I always advise consumers against making down payments on leased vehicle. I do so for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen, your insurance company pays off the bank that you were 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 car's lease-end purchase price would be exactly the same, regardless of whether you had put $2,500 down or had made absolutely no down payment. Consumer can and always should lease vehicles without making any sort of capitalized cost reduction. The only things that you should pay at lease signing are your car's first month's payment, a security deposit equal to that payment rounded up to the nearest $25 or $50 increment, and your bank's lease acquisition fee which in this case would be $595.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings bayareaguy. The problem with purchasing your leased vehicle prior to the scheduled end of your lease is that the bank that you are leasing it through may require you to make all, or at least a significant number of, your remaining lease payments in addition to paying them the purchase price of your truck. If you wait until the scheduled end of your lease, you can decide if you want to purchase your leased RX or just turn it in without having to worry about any remaining payments.

    Individual dealerships have absolutely nothing to do with your lease. You are leasing your truck through a bank, most likely Lexus Financial Services, and they are the only ones that have the authority to deal with you. Some banks will negotiate the lease-end purchase prices of vehicles from time to time, while others will not. If you are serious about buying your leased RX, place a call to the bank that you are leasing it though to see if they are willing to work with you on its price. They may not be, but you don't have anything to lose by asking. If your initial contact is not willing to work with you, you may be able to get results by working your way up the corporate latter a few rungs. Also, banks usually will not negotiate with consumers who are less than a month or two away from the scheduled ends of their leases.

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  • zman4zman4 Member Posts: 7
    Thank you very much Car Man. Now here is another problem, I am upside down on my Audi lease by 2500.00. Would I be better to pay it off, I have the cash, or roll it into the lease? Also can you verify that BMW includes free gap insurance on the leases? Wayne
  • anonymouspostsanonymousposts Member Posts: 3,802
    We just leased a 2004 Accord and are interested in buying it out at the end of the lease if all goes well. I've read that you have to pay sales tax on the residual value if you choose to buy it. Is this true?
  • willieewilliee Member Posts: 8
    Good Afternoon Carman,

       What would be the lease factor and residual value for a 2004 SC430 for August 2004?

    Thanks,
    Williee
  • hcaganhcagan Member Posts: 15
    Carman,

    Can you please provide me with MF and residuals for 2004 Accord AT LX (4 & V6). I am looking at a 36month 12,000/yr lease.
  • triggertrigger Member Posts: 18
    Thanks Car_Man!

    Charles
  • gwarrengwarren Member Posts: 56
    Car-Man
    Just happened by and noticed the following.

    "Golden Opportunity Sales Event" this month and actually does have a little support on this model. If you were to lease a 2004 Lexus RX 330 4WD without the rear entertainment system or navigation options through Lexus Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00175 and 55%, respectively.

    So had I waited a week the deal would have been a little better? My Residual was 54% and MF started at .00200, which I brought down via the MSD I guess I would have saved amount $20-$25 monthly. So is there ever any way to really know when is the "Best time"?
    Gwarren
  • briegelbriegel Member Posts: 139
    CarMan--My daughter is interested in a 2004 Honda Accord EX 4-dr sedan with side-curtain air bags and AT. Could you tell me the MF and residual % for this car in Washington State for both 12,000 and 15,000 miles/year, and whether there are any incentives applicable to a lease of this vehicle, please? Thanks!
  • jpr51jpr51 Member Posts: 5
    Car Man -please help-I am about to lease 2004 Max SE for$400 a month. This car lists for $27,995. Terms are 42 months, $1k down. Price includes 6% sales tax. This deal also includes taking me out of 2002 Passat with 6 payments totaling $2,160. Is this as good of deal as it seems? Thanks.
  • doying5doying5 Member Posts: 83
    Yes you will pay tax on the residual value if you choose to purchase at the end of your lease. You are currently paying tax on a monthly basis on the amount of your base payment. The perk would be that if you do not buy it at the end... you have not paid tax for the full price of the car.
    Uncle Sam will always get his money. You are not paying "extra" tax by purchasing your leased car at the end.
  • cucocuco Member Posts: 36
    Carman,

      You do provide a lot of good information and very timely for me.

      I'm in the process of negotiating a 36 month closed-end lease for a 3 liter 10000 mile/year Z4. I have done my homework with Leaseguide, Edmund, and carfax.

      I had some calls today from BMW dealers on the car that I'm looking for.

      I was offered a residual of 58% and a money factor of 0.00095.

      My quetion is, is there a way to verify the residual number anywhere on the internet?

      Thanks,

      Peter
  • doying5doying5 Member Posts: 83
    Here are a few ideas to help keep your cost down. Call the lease company 30 days prior to turning in your van. Ask them for a "PRE"- inspection. Then you will know what they are trying to charge you for.
    Take the inspection to the dealer you are making your next purchase from and see if they have a body shop or detail center that can help you have the repairs made for less money.
    If they do then simply turn in the receipts from the repairs you make with your vehicle at the end showing it has been done. (make sure you keep a copy for yourself).

    As the leasing manager at my store, I personally offer this to any of our lease end customers. It gets them a better deal on the their costs and makes our body shop a little money too.

    You should ask your salesperson to help you with this if you need it.

    Also check on your registration. Some states allow you to pro-rate your yearly registration if you are leasing so that you only pay through the term of your lease.
  • crikkitcrikkit Member Posts: 9
    I just test drove a Jaguar 3.0 X Type, with the premium package, MSRP 35,545. I mentioned to the sales guy that I found on the internet that Jaguar is offering a $5000 incentive on that car and I asked if it was applicable to a lease (3 year). Before I went in I had estimated a residual value of 49% (is this close?) and an MF of .0025. Assuming I could get a couple of thousand off the MSRP and the $5000 incentive, that would put the payments right around $500 a month.

    Back at the office the salesguy goes to the sales manager, comes back and tells me I can get the lease for just under $600/mo. I asked him what money factor and residual rate they used to arrive at that factor, and he looked sick and said he'd have to go to the sales manager and ask.

    So he comes back with two options. First option, lease through Jag credit, which can't apply the $5000 incentive, will use a MF of .00014, for payments of $595.20 per month. Second option, through their partner bank, which can apply the $5000 incentive, with a MF of .0023, but a residual percentage of only 44%, for a monthly payment of $599.81/mo.

    Is it just me, or is he just coming up with crazy justification for his out of nowhere $600/mo figure?
  • delrickdelrick Member Posts: 105
    Have leased several vehicles.

    In my experience, if you are leasing thru the manufacturer, especially GMAC, the end of lease inspection is pretty painless. If your mileage is inline, you have minimum tread on the tires and no bodywork, it is a breeze.

    I have also had leases thru banks on a couple of occasions. Both times the lenders were hypercritical of minor issues and were obviously intent on soaking the lessee. They used independent "appraisers" who literally went over the vehicle with a magnifying glass, photographing all blemishes or minor scratches.
  • delrickdelrick Member Posts: 105
    Jaguar is incentivizing the lease with the MF of .0014

    They won't give you both the 5K and the low MF.

    Fairly standard practice by most mfgs. You get the lease deal or the outright purchase deal. Can't have it both ways.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, lponz7. That is a big difference in the money factor. I suspect that the dealer that you are working with is trying to mark it up to add additional back-end profit to your deal. This model's money factors should be exactly the same, regardless of whether it is 2WD or AWD. The 45% that you were quoted is the correct residual value for a 2WD version of this truck.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Damon. Wow congratulations on finding out that you are going to be a father. I have a little one right now and can completely understand how you would need the additional room with two babies :). I would be more than happy to help you out. Thanks for posting additional details on the model that you are interested in and where you are located. Details like this definitely do matter. OK, according to the latest informaiton that I have seen if you were to lease a 2005 Chrysler Town and Country Touring through Chrysler Financial in Florida this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00246 and 55%, respectively. The money factor for this term for the Limited model would be exactly the same, but its residual value would be 53%. When negotiating your lease of this van, keep in mind that Chrysler is currently providing $1,000 lease cash and $1,000 Chrysler Financial bonus cash, for a total of $2,000 in incentives that will help you arrive at an attractive capitalized cost. Also, many do not know that DaimlerChrysler is running a stairstep program on '05 minivans as well that provides dealers with an additional $1,000 if they hit certain sales goals. There is no way for you as a consumer to know for certain how much money your dealer is getting through this program, but you can bet that they will be more anxious to sell you this van than if this program was not around.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congrats on your new van, ccc132435. Honda is certainly running an attractive lease program on the Odyssey right now. I would be more than happy to give you my opinion of your deal, but in order for me to do so I need you to provide me with your vehicle's full MSRP, selling price, and the number of miles per year that you are allowed to drive it.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings sandy. I've heard about the offer that GM is sending out to current lessees of competitive products to pay off their remaining payments if they purchase or lease a new GM vehicle. This is a good deal if you were considering getting a General Motors product. General Motors actually publishes what are known as lease rates for the vehicles that it leases rather than money factors. You can convert GM's published lease rates into approximate money factor equivalents by dividing them by 2400. So for example a lease rate of 3.5% would be equivalent to a money factor of around .00146. I would be happy to give you an idea of what this car's lease rate and residual value should be like at this time. However, 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.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ASE. I am sorry to say that Toyota Financial Services, or whichever bank you are leasing your RAV4 through, will not let you out of your lease a year early just because you are going to purchase another Toyota product. You certainly have nothing to lose by giving them a call and seeing if they will be willing to work with you, but I doubt that they will. You are in a bind because you either have to pay now to get out of your leased RAV4 early, or pay later because you are over your mileage limit on your lease. Unfortunately, there is not going to be any way for you get out of this situation without having to pay. Your least expensive option would be to continue driving your RAV4 until your lease is up and then purchase it. By doing so you will not have to pay any sort of early lease termination penalty and will avoid having to pay a penalty for excess mileage. Of course, you will have to continue driving your current truck for a while if you decide to do this and I am sure that is not very appealing.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey ksharma01. Sorry for the delay in my response. My computer got a bad virus and I was not fully operational for a period of a couple days. I'm back in business now though :). I didn't see you mention how long you want to lease this car for in your post. I need to know this in order to tell you what this car's residual value should be like. BMW FS' base money factor for it is indeed .00150 for leases of up to 42 months in length.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello coler23. Congratulations on your new truck. In order for us to give you our opinions of your deal, we need to know how long you are leasing this truck for and how many miles per year you are allowed to drive it. Once we have this info we will be able to help you out. Let us know.

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  • mazdax605mazdax605 Member Posts: 89
    Hey Car_Man,I am back,just one week after I leased my RX-8 with your help.I love the car by the way.My wife and I are looking into maybe getting her a bigger car now that we have a child(will be 2 next week).Her current car is in great shape,and runs great(2000 mazda protege ES).It has been,and will keep doing it's job well but she would like more room in a car now.Therefore we are looking at wagons.We like the Mazda6 sport wagon,and the Subaru forester XS.Could you give us the lease numbers on a 3 year lease of a Mazda6 sport wagon with the automatic transmission,and ULEV equipment(we live in Massachusetts)?Also could you give us the numbers on a Subaru forester XS w/premium package,and cloth seats?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    OK, never mind :). I see that you provided that information in your next post. Let me begin by saying that I always advise consumers against making down payments on leased vehicles. I do so for two main reasons. The first is if your leased vehicle is stolen and never recovered or totaled in an accident during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second reason is that down payments on leases do nothing to reduce vehicles' lease-end purchase prices. So the lease-end purchase option price of your RX would be exactly the same, regardless of whether you had put $3,500 down or had made no down payment at all.

    It certainly looks to me as though you were able to negotiate an attractive selling price on this truck. Let's take the numbers that you provided in your post and work up a sample lease payment for you. According to my calculations, if you were to lease a 2004 Lexus RX330 AWD w/navigation & without the rear entertainment system (MSRP: $44,288 / selling price: $40,100) through Lexus Financial Services this month for 3 years with 12,000 miles per, your pre-tax, $3,500 down monthly payment should be right around $470. As you can see, something does not add up here because I doubt that tax on this truck comes to $80 per month. The dealer that you are working with may have marked-up LFS' base lease money factor to add additional profit to your deal. Or perhaps your vehicle does include the rear entertainment system, which would make it more expensive to lease.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey jaa37. It is impossible for this wagon's purchase price to be $32,941 if the capitalized cost of your lease is $37,000. So there must have been some sort of miscommunication between you and the dealer. The cap cost can be higher than your vehicle's selling price, if you roll Volvo Finance's acquisition fee or taxes or negative equity or some combination thereof into it, but not this much higher.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi vsaxena. You must live in New York. I say this because you mentioned that you were quoted a lease acquisition fee of $800 to lease a BMW. BMW Financial Services' lease acquisition fee was increased to $800 from $525 in New York a couple of years ago because of the vicarious liability laws that exist in that state. Its acquisition fee is the lower amount in every state but NY. All of the fees that you mentioned are required by BMW Financial Services and are not negotiable. It's base lease termination fee or disposition fee is $350 and its security deposit requirement is your vehicle's lease payment rounded up to the nearest $50 increment. Your dealer is correct, you will not get your acquisition fee back, even if you choose to purchase your vehicle at the end of your lease.

    Consumers' lease-end experiences vary from bank to bank, but in general most manufacturers' captive finance companies (banks that are associated with automakers) are fairly reasonable when evaluating vehicles at lease-end for excess wear and tear. Afterall, they don't want to be penny wise and pound foolish by nickel and diming you to death at lease end and then causing you to hate their parent company.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi keithndi. I always advise consumers against making down payments on leased vehicles. I do so for two main reasons. The first is if your leased vehicle is stolen and never recovered or totaled in an accident during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second reason is that down payments on leases do nothing to reduce vehicles' lease-end purchase prices. So the lease-end purchase option price of your SRX would be exactly the same, regardless of whether you had put your trade-in allowance down or had made no down payment at all. If you really want to trade in your current vehicle, have the dealer that you are working with cut you a check for it instead of using it as a capitalized cost reduction.

    General Motors usually provides lease support for leases of 2 to 4 years in length. If you opt to lease this truck for one year you will have a very high lease payment because you will have to use an unsupported interest rate. Your payment will also be high because new vehicles experience their highest rate of depreciation during the first year of ownership. The longer you lease for, the larger the number of payments you can spread this initial depreciation hit over. With a 12 month lease, you would have to pay for a ton of depreciation.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi David. I can certainly understand how you are going through roadster withdrawal. There's nothing like driving around a little convertible during the summer. The dealer cash that BMW is providing on the Z4 right now may be used in conjunction with BMW Financial Services leases. As a result, you should be able to lease one with a capitalized cost that is thousands of dollars below invoice. I would be more than happy to give you an idea of what this car's base lease money factor and residual value should be, but in order for me to do so I need you to tell me how many miles per year you need to be able to drive it and exactly which model you want, the 2.5 or the 3.0.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey Gregg. I believe that American Honda Finance Corp.'s base lease money factor for the 2004 Honda Pilot is currently around .00208 in every state but New York. I don't have this truck's residual values in front of me right now, but the money factor is the important number to know anyhow because residual values are not negotiable. One important piece of information that you may not know is that Honda introduced $500 dealer cash on AHFC leases of the '04 Pilot late last month. This money will help you to negotiate an attractive capitalized cost.

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  • mitchs3mitchs3 Member Posts: 68
    Carman.....forgot to give you details on 330i lease. I am interested in 36 month 10k miles/yr lease, what is residual for August, I understand MF is .00150....Thanks again!
  • ctorreyctorrey Member Posts: 64
    C-Man -

    A friend is looking at leasing an '04 Chevy Tahoe LT and could use your help. He is looking for the money factor and residual for the following lease terms:

    Location: New England
    Term: 36 months
    Miles: 15k/year

    With incentives, he's already knocked about $9k off MSRP and is going after more.

    Thanks again!
  • galant00galant00 Member Posts: 12
    i leased my galant in 7/15/00 for 48 months. i put 0 down. i made the mistake of paying sticker price i did not know, what i know now thanks to edmunds. ok i asked for a 2 month extension i got it i only have 1 month left. I decided i want to buy it. the buy out is 8800. i am way under mileage i only have 28,000 i did not let them know this of course but they asked and i told them i had 39,000 when my lease was up i was allowed 40,000. want should i offer for my galant 2000 es black, 4 cylinder, sunroof, leather, and do you think they will negotiate?? thanks in advance
  • ch7656ch7656 Member Posts: 43
    Hi Carman-
    Requesting your help with current BMW numbers...mf and residual for a 36 month with 10,000 & 15,000 miles

    TIA
  • uconsumeruconsumer Member Posts: 10
    Looking for numbers on a Honda Pilot EX with Leather, in NY for 36 or 39 months and 12k miles. Thanks,
    Joe
  • ksharma01ksharma01 Member Posts: 13
    Okay Car_man,
    Sorry for leaving out the number of years I'd like to drive this thing! Should have known better by now!

    Here are the particulars and some questions:

    This is for a 2004 330i with ZHP, Leather, moon-roof, ZCW, Xenon, Rear-airbags, and 508-PDC.

    MSRP = $45205
    Miles = 12K
    Will try and negotiate NET Cap of $39955 (invoice of 41355 + 500 - 2400 deal cash) we’ll see how it goes.

    I am planning on 36 month lease.

    Would like to get the residual for this.

    Also, does leasing a 2004 car near the end of 2004, reduce its residual? Even if it has near zero miles? Is it better to buy earlier in the year?? Just curious.

    Thanks and I hope you are totally virus free now!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi yrneh1. I would be more than happy to give you an idea of what this model's lease program is like. Acura is not providing any support on the MDX at this time, so if you were to lease one through American Honda Finance Corp., you would have to use its standard money factors. Its current base standard lease money factor for a 36 month lease is .00260 in every state but New York. The corresponding 12,000 miles per year residual value for a 2004 MDX Touring with Navigation is 59%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello need4speed. Scion has an advertised lease for the 2005 Tc up on its Web site. Here is a link if you want to check it out: Scion Lease Payment Examples. You can use this as a rough estimate of how much you should pay.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Jpr51, you're not going to be able to get out of your current leased vehicle for free unless it would cost you less to purchase from the bank that you are leasing it through than it is currently worth on the open market, which is unlikely. In order to get you out of your current lease, this dealer is going to have to make your remaining payments for you. Doing so will hamper your ability to negotiate an attractive deal on your next vehicle. Your least expensive option would be to continue driving your current car until the scheduled end of your lease. If you feel as though you can't wait that long, I would be more than happy to calculate a sample lease payment for you on the Maxima that you are considering. In order to do so, I need you to tell me its full MSRP and selling price.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello sunpro2003. Vehicles' residual values gradually fall as the model year progresses. So a 2004 Jeep Grand Cherokee will likely have a lower residual value now than the 2005 will when it is introduced. In an effort to make up for this low residual value and provide consumers with an attractive lease payment on this truck, DaimlerChrysler is providing lease cash and reduced lease money factors on it. In August DCX is providing $3,500 lease cash plus $1,000 Chrysler Financial Bonus Cash on the '04 Grand Cherokee. This enhanced support probably makes up for most of the difference between the residual values for both model years, and as a result there really is not any advantage to waiting to lease a 2005. I would be more than happy to estimate a sample lease payment for you on the truck that you are interested in, but in order for me to do so, I need you to tell me its selling price. This is an important number for you as a consumer to know anyhow because the selling prices of leased vehicles are negotiable.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, g17. I didn't notice that you were talking about the coupe. Sorry about that. I actually think that the coupe is a better looking car than the convertible anyhow. Convertibles are fun through. Mercedes-Benz is actually providing support on CLK coupes in August. This month it has 1.9% financing for up to 5 years PLUS $1,500 dealer cash on '04 CLK 320 coupes. In fact, it has an additional $1,000 dealer cash, for a total of $2,500 on leases of this car. This cash is important to know about because it will help you negotiate an attractive capitalized cost for your lease. MBCC's 36 month 15,000 miles per year base money factor and residual value for the '04 CLK 320 coupe should currently be .00200 and 58%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi amc731. Each bank has different guidelines as to what it considers to be excess wear and tear. You didn't mention what bank you are leasing your van through in your post, but since it is a General Motors product, there is a good chance that your lease is through GMAC. If you visit its Web site, www.gmacfs.com, GMAC actually has a convenient link to its "Excess Wear Square" on the left side of the screen. The informaiton that is available in this document should give you a good idea of whether you will be penalized for excess wear and tear or not.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey mitchs3. A number of automakers do offer early lease termination programs, or lease pull ahead programs as they are sometimes called, from time to time. I am not aware of any such offer bring run by BMW right now, but it never hurts to ask if there is one. I would be happy to try to give you an idea of what the lease program is like on the car that you are interested in, but in order for me to do so I need you to tell me how long you plan on leasing it for and how many miles per year you need to be able to drive it. BMW Financial Services does lease used vehicles, so you may be able to re-lease your current car. Used vehicle leasing is not all that popular, so I do not personally keep tabs on banks' used vehicle lease programs.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You are absolutely correct, crikkit. At lease signing, banks usually require consumers to pay their vehicle's first month's payment, a security deposit that is equivalent to that payment rounded up to the nearest $50 increment, and a lease acquisition fee of around $500. Many banks, especially captive finance companies (banks that are affiliated with automakers), automatically include gap insurance in leases. The policy on wether or not this is included varies from bank to bank.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Wow, benover, you are already 100,000 miles over your allotted mileage. Not to rub salt in your wound, but ouch. I can definitely see why you want to purchase your truck. If you turned it in, you would owe one heck of an excess mileage penalty. There is not any advantage to trying to purchase your leased vehicle now. In fact, the banks that are willing to negotiate the lease-end purchase prices of vehicles usually will not do so more than a month or two prior to their scheduled termination dates. In order to find out if your bank is willing to negotiate your truck's price, give them a call around the end of your lease and make sure to give them the indication that you are at right around your mileage limit. If they suspect that you are way over they might now be as willing to lower your truck's price.

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  • JoeSMJoeSM Member Posts: 20
    Greetings Car_Man, it looks like this forum has been extra busy with the model year end promotions. Based on your information, we have decided to pass on the S60 and have narrowed our choice to the G35 Sedan, TL base, and 9-3 Aero. Could you provide the money factors and residuals for these models for 36 month leases with 12k and 15k/year mileage, 0 drive-off? Thank you for your help.
  • mookiemookie Member Posts: 16
    Hi Carman,

    I have negotiated a lease on a 2004 330ci. The MSRP is $43,545 and the purchase price is $39,900. I expect the lease to be 15k/36mo. Can you let me know what type of lease payment I can expect? Also, what would the same car be with the miles at 12k?

    Thanks!
  • ichpokhudezhichpokhudezh Member Posts: 12
    Hi, Car_man.
    I was quoted $17310 on LX auto and advertized lease rates on it: $1899 due at lease signing, $199/mo for 36mo/12k lease; On the other hand, for Civic EX auto I get $1850 due at signing, $225/mo for the same terms. How's that possible (civic having a higher payment), and what should I expect my monthly payments to be in the case of $0 down (edit: in case I will get the accord)?
    (extra charges on top of the price: $ 490.00 Dest charge
    $ 100.00 Dealer Processing Fee
    $ 895.00 5% Maryland Sales Tax
    $ 210.00 Estimated Tag, Title and MD
    )
    Thank you.
    Pavel K.
  • suburbmansuburbman Member Posts: 5
    Hi, This is my first post so please excuse me if I ask something already posted. I currently own a 2002 Suburban with 35K miles. Since the warranty is almost up I was thinking of trading it in and getting a 2004. I originally put about $12k down and financed $30k for 5 yrs at 0%. So I have about $19k remaining on the loan. I can get about $21k on the trade, but the new prices for the Suburban I am looking at would make my $500/mo payment go to $700/mo using the rebate and some outside financing.

    The dealer suggested the "Smart Sale" program and offered a 35 month deal that is $579/month for 35 months with a baloon payment at the end of $28,690. Technically, I buy the car, but I can walk away from it like a lease at the end of the term. The vehicle list is about $49,600 and he says the calculations are based ona 6.5% interest rate.

    My question is, does it make sense to go from my current situation to the Smart Sale? If I do not trade in the Suburban and pay it off in 3 years, will I be better in getting a new vehicle then?
  • smd5smd5 Member Posts: 18
    Carman - Can you find out the rates and residuals for the 2004 Audi A8L in NY state for the following terms

    36mos/12k miles
    39mos/12k miles

    Thanks
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