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I know Odysseys are highly rated and the Mazda and Ford minivans came back with higher prices, but they were just phone quotes, so who knows how aggessive those were.
Thanks!
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2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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BMW 325i Sedan
Houston Texas
Thanks in Advance
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Also, the lease money factor that you were quoted looks a little on the high side. BMW Financial Services' base lease money factor for a 36 month lease of a 2004 325i is .00220. You were quoted a higher factor than this because either you are having this car's security deposit waived, its acquisition fee waived, your dealer is marking up BMW's base money factor to add additional profit to this deal, or some combination thereof. BMW FS' 3 year, 12,000 miles per residual value for this car is currently 60%.
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I made a few calls in some dealer in MA. Of course they would like to lease me a 2004, this is what the sale person told me:
Porsche Cayenne Turbo 2004
MSRP: $100,635.00
Selling price: $89,831.00
Residual Value: $50,317.00
Term: 42 months
Milage/year allowed: 15,000
Payment: $1,296 per month incl. taxes
Money factor: .00210 (he said about 5%)
Is is about right? What other info you I get from him?
Thanks
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Thanks for all of your help. I have another question. I have been able to negotiate $1500 below invoice, after applying the $2400 dealer cash. I think this leaves the dealer a very good profit. The car I'm looking at (manual, performance pkg, moonroof, xenon headlights) retails for $41545, and the capitalized cost is $36350. When I use the Edmunds calculator, my monthly cost comes to right around $540 per month (doing a 3 year, 45,000 lease, and calculating tax on the entire cap cost for TX). One of the dealers told me I could do even better right now on the Owners Choice lease right now because it's calculated on a 1.9 percent APR. Yet the dealers keep coming back to me telling me they have "great news" and showing me payments of over $600 per month. When I ask how they are calculating the monthly payment, they get pretty angry.
Am I totally off my rocker for thinking I can get the payment below $550?
Thanks!
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BMW FS' base 36 month, 12k factor and resid for the '04 325ci are .00220 and 60% and for the '04 330ci are .00150 and 54%. When negotiating your deal on these cars' don't forget about the dealer cash.
Lastly, if you were to lease a 2004 Toyota 4Runner SR5 4x2 through Toyota Financial Services this month for 3 years with 12,000 miles per, its unsupported base factor and resid should be .00215 and 58%.
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I posted yesterday but the posts from yesterday seem to be gone. I need help.
I'm going to try to finalize a closed-end 36 month lease, 10000 miles/year, deal for a 2004 Z4 tomorrow.
I have done my homework. Edmund, Carsdirect, Leaseguide. I even have the Lease Kit from Lease Guide.
As you probably know, BMW has a manufacturer-to-dealer incentive of $4500 for the 3 liter Z4.
Do you think that it would be too aggressive if I start my negotiating at (Invoice - $3500) for this car. I already have an offer of 58% for the residual and 2.28% financing. Money down, $2500.
Thanks for the help
Just following up to see if anything has changed for the Volvo XC90 2.5T and Audi A6 2.7T s-line for the month of August. Any new incentives?
Thanks as always,
Copper
Anyhow, I am not exactly sure of the purchase price, I know the car MSRPs for $36,160 and invoice is $33,086. So I assume the selling price is anywhere from $33,500-$34,500
Here is my previous message
***
Hi, I am completely clueless when it comes to leasing. (Always bought in the past) Anyhow my girlfriend wishes to lease an Infiniti G35 coupe with leather. I built the vehicle she wishes to lease and it comes out to $36,160 msrp
(G35 automatic Ivory Pearl coupe w/dark leather, Bose Audio System, Wheel and Tire Package, Power Sunroof, Premium Package, Aero Package, Trunk Mat) She's open to additional options, except for the navigation system. I have done a search in a 50 mile radius of 07010 (Cliffside Park, NJ) and I have been able to locate about 20 G35s with similar option, but any of them would suit her needs.
I was wondering what a great lease offer would be for this vehicle. She is looking at a 48month lease, and 12,000 miles a year, 0 down (except for 1st and last month, title, bank fees)
We have gone to 2 dealerships and received 2 quotes. The 1st quote my GF went by herself and got a quote for $450 a month and 4K down!!! I was in shock, then we went together to the other dealership and were told $440 a month with 0 down, but did not include tax, I am not sure how to incorporate tax into the equation, in NJ we have 6% tax so I am assuming we just add 6% to each months payment.
Any help is appreciated.
Thank You***
money factor and residual for a base pacifica.
thanks!
sandy
Low monthly payments were key for us, since we have no car payment now, so we did put money down, although we were able to negotiate that part.
Here's what we ended up with. Maybe you can tell me if the combination of research and dumb luck resulted in a good deal or if we have a lesson for the next time.
Honda Odyssey EX 4dr Minivan (3.5L 6cyl 5A), standard options, No DVD Player, purchase price of 24,800, with an MSRP of 26,800.
-24 month lease, 15000 miles per year
-$2,000 down plus the almost worthless 98 Voyager as a trade (own outright, lack of worth confirmed by my mechanic)
-$231/month.
-Residual value after lease: $18,400
So should I buy a lottery ticket tonight or what?
I was wondering if you could give us the lease details(eg residual,MF)on a 04 Mazda 6 sport wagon.This would be for a 3 year lease if possible.We live in massachusetts.We are looking at a base 6 wagon w/automatic,and the ULEV emissions package.We may be interested in the upgrade package with the moonroof,but we would like the numbers on the base model if you could.Oh yeah 12-15k miles a year is good.Thanks for your time.I love my new RX-8 that I got with your help.
Thansk for the help with my Infiniti FX, you helped me get a great deal.
Now I have to do it all over again for another car.
here are the details:
Mazda 3S 39 month lease In NY with taxes in payment 8.75% MSRP $20285 Sell $19340
Chevy Equinox LT AWD $25450, sell $ 23,470 Smart buy
If can provide residual and money factor it will help.
if I get out early, unless I get another toyota,
I will pretty much get "screwed", but then again, right now it seems like leasing is once again "in". When I got the Toyota for 310/month
there was not a lot out there in the 200's. I am afraid that is going to happen again come december. Any thoughts? I could hang on to the car until EOL and lease the new one and make 5 double payments, but in the long run will I save
the 1500$ leasing now?
Sandy (who remembers the good ole days of getting sign and drives under 250 )
BMWUSA is showing a lease MF of 0.000959 (= 2.3%). The key is to negotiate the lowest possible price and get the base MF from the dealer. That would make things really nice! The dealer will typically mark up the money factor.
A dealer just offered me the 2.28% rate, (Invoice - $3500), i.e., $1000 profit for him, on a 36 month, 10000 miles/year lease, no money down. He will also order the 2004 from the factory with the options that I want, so I'm not limited to what's on the lot.
It's not a bad deal. I'm still debating between the Z4 and the Lexus SC430.
This
What is it about leases that gets dealers into such a state? I've found exactly the same when getting quotes. Start asking about money factor, residuals, acquisition fees and the like and they start getting all upset. I find it easier now to get the info from here (thanks to our host) and then e-mail asking if they can provide a car based on that info.
I think you have a great deal! What is the residual on the 36m/30K lease? In general the difference between the 10K/12K/15K year residuals is not much (0.1 to 0.2). It might make a lot of sense to go for the 15K per year if it is just 0.03 less in residuals. That way you do not have to limit your driving just because your lease company will charge you 20c/mile!
The Lexus is less common the Z4. However it is still a Lexus and not a BMW. Z4 is the land shark; the front view of the car reminds you of a shark, especially in Jet Black where the grill (teeth) really contrast against the car body! The Lexus has a softer look. What is the deal you are getting on the Lexus?
The residual I was given is 58% for 10000 miles/year. They also quoted a 56% residual for 12000 and a 55% for 15000 miles. Since the interest rate that they quoted me is so low, I'll even add the acquisition fee to the Cap cost. I'm trying to figure out how to make a deal with the Captive Financing company to raise the residual. I wonder if anyone has pointers on how to do this. Is it even possible? Afterall, the Captive Financial companies are closely affiliated with the manufacturer.
The dealer is quoting a delivery for early October. Now that the financials of this deal are done, you're right, I'm thinking about what else I need to worry about.
I suppose that I need to add some items into my purchase contract. Things like, what happens if the delivery is delayed. Guaranttee of options and price. What kind of problems do you think that I can get my self into, by signing for this October delivery, since it is based on an incentive program in effect only until 8/31/04?
If my wife goes for the Lexus, then it will probably be a Certified pre-owned, possibly 1 to 2 years old. IMO, this is really the only way to buy an overpriced car like that, unless you have money to burn. I personnally don't like the smell of burning money! I don't have the final numbers on the Lexus. I know that I can do much better than what I have so far. I have a quote of 57% on a 36-month 15000 mile / year lease on a 2004 SC430. I also have a quote of 63% on a 24 month, 15000 mile per year on the 2005. Money factor for both of 0.00175. Obviously, these numbers are not yet optimum. Better numbers may happen if I show up at a dealer on August 31st.
So, today I'll be talking to 1 Lexus and 2 BMW dealers. What do you think I should worry about with the Z4 deal?
I forgot one item. Your comment about choosing 10k, 12k, or 15k limits on the lease. I did think about going from a 10k mile lease to 12k. But here are the numbers.
The Z4, loaded with all the options that my wife wants, has an MSRP of just over $50000. Therefore, if you select the 12k mile lease, then you have a residual of 56%. This 2% difference, for the residual, between the 10k and 12k mile leases, means that you're going to capitalize and pay for an extra $1000 in depreciation ($50000 * 0.02). In other words, any miles from 10000 to 12000 will cost you $0.50 a mile ($1000 / 2000 miles). You're better off paying at $0.20 a mile for any additions over 10k. In addition, let's say that you only drive an additional 1000 miles past the 10k limit on the lease. Then, if you were to pay for a 12k mile lease, then your extra 1000 miles would be costing $1 a mile.
Car_man, are this calculations correct? Is there anything that I'm missing here?
2) When you go from 10k to 12K, you get SIX thousand more miles, not TWO thousand.. 36K total vs 30K total. That brings your per mile cost down to $0.17, but if residual difference is 1% (which I think is more likely), then the cost is just 8.3 cents/mile
regards,
kyfdx
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My wife is looking at leasing either a Durango or a Freestar. Can you provide the residual values and money factors for both of these for both 24 and 36 months with 12,000 miles. Thanks
Ive been offered the following lease for 2004 Honda Civic Value Package in Louisville KY.
$179 x 36 months.12,000 miles/yr
First payment plus tax due at signing
Pls tell me if you think its a good lease
Thanks
Bhaskar
Looking for MF and Residual for 2005 Subaru Legacy 2.5 GT Sedan...
39 months
12,000 miles per year
I live in CT if it matters
Thanks!
Could you please provide the numbers on a 3/36K lease on the following vehicles?
04 Toyota 4Runner SR5 4WD
04 Dodge Durango SLT 4WD
I am located in the Cincinnati area.
Thanks!
Thanks for your help. I did read your detailed response a few days ago-I guess when they upgraded this message board some messages may have been lost.
I went with the 2004 Jeep Grand Cherokee Laredo-Exterior is Brilliant silver-Interior is Leather Taupe.
Any idea what color pinstriping would look good?
They offered to throw this in at no charge.
In the past, I got pinstriping that matched the interior seat color burt that was a while back
Thanks again-Your info was valuable.
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