Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options

Lease Questions - Ask Here

1…264265267269270…468

Comments

  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello ccap. Thanks for providing such detailed information on this lease in your post. That is one expensive X5!!!! The truck that you are looking at must be really loaded up with options. I would be more than happy to work up a sample lease payment on this truck for you, and have all of the information from your side to do so, however, I have not had an opportunity to take a look at BMW's new October lease program yet. Please post a 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. Talk to you soon.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Sorry to hear about your unpleasant experience, mia. This is one of the reasons why one has to thoroughly research what sort of selling price and monthly payment to expect on the vehicle that they are interested to lease prior to negotiating with any dealerships. The only number that you should haggle with them over is the car's selling price. As long as they are using the manufacturer's base lease program to calculate your payment, the selling price of the vehicle is the only place that they can make money off of your deal. By negotiating the selling price you are able to tell exactly how good a deal you are getting, rather than letting the salesperson that you are dealing with throw all sorts of combinations of payments, mileage allowances, and lease lengths at you.

    Since you have not physically taken delivery of this vehicle yet, you should be able to get the deposit that you gave them back. Of course, knowing that it is refundable and getting a dealership to actually give you your money back are two completely different things. Place a call to the dealership that you are currently working with and tell them that if they do not get you the vehicle that you want within say the next week that you want your deposit back. This may motivate them to get your deal done. If they don't get you your vehicle in time and are unwilling to refund your deposit, you can always dispute this charge with your credit card company as a last resort. I suspect that will rule in your favor if it came to that.

    Car_man
    Host
    Smart Shopper Message Board
  • miamia Member Posts: 12
    Car_Man -

    As always I appreciate your assistance.

    Best regards-
  • coolhandlukecoolhandluke Member Posts: 34
    Hi, I was wanting to know what would be the lease amount for a G35 equipped with:
    six speed, premium, aero, XM, and floor mats. I live in Indiana but find the Ohio dealers much more a pleasure to do business with, in case my location plays any role in terms. I want to put as little $ down as possible. I don't know if the numbers are possible for '05 models yet. Thanks !
  • ocir1ocir1 Member Posts: 3
    I live in San Francisco,Bay area (tax 8.5%) and got quoted this:
    2004 BMW X3 with premium package, xenon lights, heated seat, leathered seat, auto seat, moonroof.
    MSRP $37795
    36mo
    15000 miles/yr
    DownPayment/Drive off: $3700 (including license, registration, etc)
    Monthly $404.95/month (including 8.5% tax)

    I am new with the leasing idea, but could you help me and let me know if this is a good deal?

    Thank you.
  • mia10mia10 Member Posts: 12
    Hi Everyone:

    This is my first BMW and my first lease negotiation. So I appreciate any help you can offer. I went to a BMW dealership in South FLA today... and here's what my experience was like:

    1) I have my eye on a 2004 (one of the few left on the lots) Jet Black, 330i, automatic, no other extras. I want to lease 36 mo. / 15k miles.

    2) As I negotiating the cap cost / sales price, I mentioned the TMV info I got off Edmunds. The salesman said he'd never heard of Edmunds. His manager however, had a different reaction -- the manager told him to tell me that "HE WILL NOT HONOR EDMUND'S FIGURES" and offered no explanation why... any idea why they'd react that way?

    3) They also pretended not to know about any dealer incentive on 2004 330i. Edmunds shows a $3K dealer incentive starting 10/1. Can anyone confirm?

    4) Their final offer was $34,170 cap cost, $1,499 at inception, $482 / mo. for 36 month lease, 15K miles. They were very evasive and wouldn't share much information (e.g., invoice price). Any thoughts on the numbers? I may go back and continue negotiating if I'm close to a good deal.

    Thanks a lot!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey a2j. I have heard some stories about high disposition fees from some independent banks, but it should be easy to find out exactly what this fee will be before signing any sort of contract. Also, captive finance companies do tend to be a little more lenient in evaluating leased vehicles for excess wear and tear than independent banks are. Having said this tons of people lease through independent banks without having any sort of problem and more often than not leases through independent banks go fairly smoothly. I personally would not have a problem with leasing through an independent bank, especially a major one like Chase. In fact, on vehicles that do not have any lease support available on them, like the Acura TL, I would not be surprised if it cost less to lease through an independent bank than it did through its captive finance company. You may want to wait to find out what AHFC's October program for this car is like before pulling the trigger on a lease through Chase, but if it turns out that is will cost you less to go through Chase there is nothing wrong with doing so.

    It is difficult to say fro certain what Acura's October lease program will be like on the '04 TL. If I had to make an educated goes though, I would say that it will probably be slightly worse than its September program was like on this car.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello discok. I have not seen Volvo's new October lease program yet. 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 about it. Talk to you then.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings autolovergirl. I am sorry to say that it will be fairly expensive for you to get out of your lease several years prior to its scheduled end date. In order for you to find out how much it will cost you to do so, you need to place a call to American Honda Finance Corp., or whichever bank you are currently leasing your Odyssey through to find out how much money it will cost you to buy it at this time. Once you have this figure, compare it to what it is currently worth on the open market. The difference between these two numbers will be part of the cost to break your lease right now. Many banks require consumers who purchase their vehicles well before the scheduled ends of their deals to make all of their remaining lease payments as well. If this is the case with the bank that you are leasing your Odyssey through, and there is a very good chance that it is, this will significantly add to the cost of breaking your deal at this time.

    I certainly can understand your attraction to the 2005 Odyssey. It is supposed to be a very nice van. However, not only is the 2005 Odyssey going to be much more expensive to lease than the 2004 model was when you leased it, but it is going to be very expensive for you to get out of your current deal.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello topgun7. Lexus is not currently providing any sort of lease support on the 2005 RX 330. So if you were to lease one through Lexus Financial Services this month, you would have to use its standard lease program. I haven't seen what its base standard money factor is lately, but I suspect that it is still probably around .00205 to .00210. I would be more than happy to try to give you an idea of what this truck's residual values are currently like. 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. Lexus Financial Services still allows its lessees to make additional security deposits to buy-down the money factor that is used to calculate their monthly payment.

    Car_man
    Host
    Smart Shopper Message Board

    P.S. I just saw your follow up post containing the mileage and term of the lease that you are considering. I believe that LFS' current residual value for a 3 year, 15,000 miles per lease of a 2005 RX 330 with navigation, but without the rear entertainment system is around 55%.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey justin8. Ford continued its September lease program on this truck through today, October 4th. It will introduce its new October program sometime tomorrow. I will be more than happy to give you an idea of what it is like once I have had an opportunity to take a look at it. Give me a couple of days to try to find out what it is like and then post a reminder for me in this discussion. Thanks.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi David. How are you enjoying your 325CiC? I'm sure that you made excellent use of it this summer :). BMW just introduced its new October program a couple of days ago and I have not heard anything about it yet. I will be more than happy to answer any questions that you have on it once I have a good grasp of what it is like. Give me a few days to check into it and post a quick reminder in this discussion for me. Talk to you soon.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Donna. I am not personally all that familiar with what the market is like for this truck right now, but you should be able to get a good idea of what it is selling for by visiting a few places here at Edmunds.com. First, look up its Edmunds.com True Market Value by visiting the New Vehicle Pricing section of this site. You also should stop by the following discussion that appears here in the Town Hall: "Lexus RX 330: Prices Paid & Buying Experience". There you can interact with other community members who are in the market for or who have recently purchased this model to see what sort of prices they have seen on it.

    Once you have a good grasp of what this truck's selling price should be like, stop back here and let me know. I will use it to work up a sample lease payment for you that you can use as a benchmark for your negotiations.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, mia. Take care and let me know if you have any other questions.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello coolhandluke. I would be more than happy to give you an idea of what sort of lease payment you should expect to pay for this car. However in order for me to do so, I need some additional informaiton from you first. How long do you want to lease it for and how many miles per year do you need to be able to drive it? I also need you to tell me what its full MSRP and selling price are. You should be able to find the MSRP and get a good idea of what sort of selling price to expect by looking up this vehicle in the New Vehicle Pricing section of this site. You also may want to stop by the "Infiniti G35: Prices Paid & Buying Experience" discussion that appears here in the Town Hall to see how much other community members have paid for similar cars lately.

    Once you have all of this informaiton, let me know and I will tell you what sort of lease payment you can expect. Talk to you soon.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi there ocir1. Since you are new to the world of leasing, you may want to check out the following informative article that is available here at Edmunds.com: 10 Steps to Leasing a New Car. It contains a ton of good information on this subject and in my opinion it is a must read for anyone who has never leased before.

    The first thing that jumps out at my about the deal that you were quoted is the amount due at lease signing. I always advise consumers against making any sort of down payment
    when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, 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 your lease-end purchase option price for this BMW would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all.

    I would be more than happy to work up a sample lease payment on this model for you so that you know how much money you should pay for it. However, in order for me to do so, I need you to provide me with its selling price. This is an extremely important number for you as a consumer to know anyhow. The selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this number, you don't know what sort of a discount you are being given and it will be difficult to calculate a lease payment.

    Car_man
    Host
    Smart Shopper Message Board
  • ccapccap Member Posts: 40
    Hi Car_Man,

    I have decided to move on an FX45 instead of an X5. Here is the deal off the top with out negociations.
    04 FX 45, MSRP approx 52400, selling to me for 48k, 39 month lease, 12k miles, 29800 residual, approx 1.9%, for $646.00 month.

    I didn't even haggle with them yet. THe sales manager came up and asked what he could do and I said if I like the car, I will come back. He said ok and then you can beat me up on the numbers. They really want to push these cars out. Any thoughts on what I should really be getting.

    What should I really be getting for this car. I was also thinking of changing it to a 36 month lease if that doesn't mess up the numbers too much. If you can get back to me fast. I need to pull the trigger by tonight or Tuesday morning, because my car is gone and I do not have any transportation. Thanks.
  • mzinzimzinzi Member Posts: 33
    Hey CarMan...

    Do you have the MF and Residuals for the following...

    2005 Subaru Legacy 2.5 GT Ltd. Sedan
    36,39,42 Months
    12,000 and 15,000 miles per year

    2005 Audi A4 1.8T Quattro Sedan
    36,39,42 Months
    12,000 and 15,000 miles per year

    I'm in CT if it matters, thanks as always!!!!
  • edmunds_noobedmunds_noob Member Posts: 8
    Car_man.

    Thx for the reply. The number I posted included tax. He got down to $355/month (including tax) by using my car as down payment. Although he shuffled things a bit to maximize the tax benifits of the trade-in, he verbally told me the most he would give me for my car was $3000.

    When I calculate this with zero down, I get $376 (pre-tax) and $439 with tax. So it seems my calcuations are pretty close to yours.

    That being said, the salesman said he would call me back if the October incentives allowed him to get closer. Since I've received no call, I can only assume that they do not :-).
  • desgnconcptsdesgnconcpts Member Posts: 53
    My Dad has a 2002 Rendezvous coming off lease in December of this yr. His dealer told him he can get out of current lease and back into a new one without a penalty. I saw GM just announced their Truckfest which includes a $1500 cash back for GMAC leases. Deals adv locally (suburban Chicago):
    2005 Ranier, $349 mo/36 mos/36K miles, $1,459 down
    MSRP of $35,625 (2wd model)
    2005 Rendezvou, $259 mo/36 mos/36K miles, $1,229 dn

    My Dad is interested in AWD Rendezvous:
    2005 CXL Plus
    MSRP of $37,000, Inv $33,000, TMV $33,500
    OR
    2005 Ultra AWD
    MSRP of $39,000, Inv $35,000, TMV $35,900

    What kind of lease payment should he be able to negotiate with $0 down (except taxes)???

    Dealer gave him a quote of $448 mo/36 mos/36K with $3,000 down -- this seems very high to me, especially when I saw the ad in yesterday's paper.

    Thank you -- this is my 1st post and I'm looking forward to your reply.
  • eegs2keegs2k Member Posts: 9
    Hi,

    I recieved a factory direct price on a 2005 wrangler unlimited through www.jeepwarehouse.com of 22,530.00. I was wondering what I could expect in a monthly payment on a lease if I went ahead on this. I am looking at 12k 48 months.

    Thanks
  • phenom525phenom525 Member Posts: 3
    Hi Mr. Car_Man,

    Thank you for your reply. I just got some numbers from a dealer for the truck I want. Here it is:

    Invoice price after rebate/incentive of $5,500: $26,335 (MSRP:$31,835 - MSRP at Edmunds.com is $31,805)
    Residual Value: 45%
    Lease rate: 3.25% for 39 months/39,000 miles
    $0.00 down

    What do you think? Good or bad?

    Also, is the tax based on the price after or before the rebate/incentive is taken out?

    Thanks again for your time.

    -Phenom525
  • air00maxair00max Member Posts: 7
    Car_Man,
    Thanks for your response. Here are the #'s the dealer gave me.
    Purchase price with tax: $24,075
    Trade-In: $7,500
    Balance on trade: $9,700
    15K miles a year/36 months
    $2,000 down
    $436 a month.
    My girlfriend has good credit, not the best, but it's very good compared to what a lot of people walk in with (660-680 beacon)....That monthly payment sounds OUTRAGEOUS to me. What do you think??
    Thanks!
    Air00Max
  • ethansquareethansquare Member Posts: 16
    I appreciate all the information you gave me. Looking for 36 Months/12k a yr. My lease on my 02 VW JETTA is up soon. I have to bring the car back DEC 4. So i am lookin to start TSX hunting end of NOV so hopefully it will be ready on the 4th. I live in New York (QUeens) Many dealers in the area. Do you know how aggressive they will be on negotiations. Can you work a program for me liek you said.. This is def helping me out. Thank You CAR_MAN
  • ethansquareethansquare Member Posts: 16
    also any price differ if you know on 15k a yr?
  • ocir1ocir1 Member Posts: 3
    Hello Car Man:

    I called the dealer and got this info:

    MSRP: $37795
    Invoice Price: $35305
    Selling Price: $35505 ($200 over invoice)
    The original Drive off was: $3700
    And they quoted monthly payment of: $404.95

    I checked the invoice price for the same car with the options I want on carsdirect, edmunds and msn auto and it seems that the invoice price provided by the dealer is around $500-700 more expensive than the invoice price from those website. Below is the option I want, can you help me and let me know if this is a good deal?

    BMW X3 2.5i
    Color: Jet Black
    interior: Sensatec Leatherette Upholstery
    Premium Package
    Heated Front Seats
    Privacy Glass
    Transmission: 5 Speed Automatic w/Steptronic
    Xenon light
    XM radio prep
  • pen101pen101 Member Posts: 238
    Car_Man,

    I inquired last week about this and you said to wait a week. Can you again check what the Honda Odyssey EX-L (no other options) MF and residual rates are (please for 3 and 4 year lease terms at either 1K/mo or 1.5K/mo mileage). Also, would the MF and the residual rates vary from dealer to dealer? Should I also see what a non-Honda leasing company would offer? And finally, is it financially advantageous to have a longer lease term (say of 4 years or a shorter one (say of 3 years). Thanks in advance for the advice!
  • ogbuffguyogbuffguy Member Posts: 42
    Could you give me the rates for a Ford F-150 XLT super crew 4x2 in so cali for 36 months/12k miles a year? please include rebates and incentives, thanks for your help
  • nbtynbty Member Posts: 24
    Hi Carman,

    Looking for OCT #'s on this car also if volvo has has any incentives for releasing another volvo since I just came out of one.
  • mac3mac3 Member Posts: 1
    I need advice on how to get out of a 39 month lease. I leased the car in January of 2003 and the car was brand new. Allowed 16k miles a year, I have since put 48k miles on the vehicle (just left an outside sales job). The overage is .34 a mile and by the time I turn this bad boy in, I will be paying out the nose in overage fees. Is my only option to buy the thing for $13k at the end of the lease? Do I need to provide more information? As you can see, I need help.
  • mister22mister22 Member Posts: 32
    HI ocir1,

    You are correct about that invoice they stated to be quite a bit higher than published in Edmunds and various other sites. You should definately bring that up, possibly print that up and show to dealer it's not quite as good of deal as they make it out to be. As far as your monthly payment, it is hard to exactly calculate your payment if you can't individually separate the fees mixed in to your lump 3700 out the door payment. If you can provide us with how much of that is a cap cost reduction (not for anything other than decreasing the difference between selling price and residual), we can be more accurate. I would recommend not paying any cash out of pocket other than for registration or other related fees.

    However, assuming last months residual of 59% and MF of 0.0007 over 36 months at 12k per, 1000 in fees and your 2700 remaining cash as cap cost reduction (as they came up with for you) I calculate your entire monthly payment with 8.5% tax to be $389. Hope this helps!
  • mister22mister22 Member Posts: 32
    Hey mac3,

    This is a most unfortunate situation you are in. Sometimes having someone assume your lease is an option but not in your case with your "upside down" mileage situation. Another thing is that when you end your lease after 39 months, not only will they tax you the overage mileage, the residual value you agreed upon will remain the same, although it can be negotiable if you plan on buying (but prolly not by much if you are way over). So you are looking at a HUGE chunk by the end. I'm wondering if you would be better off trying to buy the leased vehicle right now, taking a loss, but you may be minimizing this loss compared to at the end. Look into it. Hope this helps. Good luck!
  • mia10mia10 Member Posts: 12
    I have two offers from dealers right now, but I don't think I'm getting the best possible deals yet. These are 36 month / 15,000 miles lease offers. I'd really appreciate any advice.

    1) '04, BMW 330i, automatic, no extras, MSRP=$37,170, price=$34,170 , $1,499 inception, $482 + tax.

    2) '04 BMW 325i, automatic, sun/moonroof, no other extras, MSRP=31,800, price=$30,000 , $900 inception, $440 + tax

    Thanks!
  • coppercopper Member Posts: 94
    Carman,
    Following up on the Volvo XC90 #'s for the T6 and 2.5T

    36/12K in NJ

    Thanks,
    Copper
  • ogbuffguyogbuffguy Member Posts: 42
    Sorry for the repost...Could you give me the rates for a 2004 Ford F-150 XLT super crew 4x2 in so cali for 36 months/12k miles a year?

    Also could you give me the rates for a 2005 toyota tundra double cab SR5 4x2 in so cali for 36 months/12k miles a year.

    please include rebates and incentives.

    thanks for your help
  • redwood1redwood1 Member Posts: 8
    Can anyone tell me what the most recent - residual, money factor and acquisition cost for 2004 BMW X3 2.5xi? And does anyone know of any leasing incentive programs BMW is offering? I live in the DC/MD/VA area.

    Thank you for your help in advance.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello mia10. It doesn't matter whether the salesperson or manager who you spoke with "will honor Edmunds' figures" or not, the fact remains that Edmunds.com True Market Value figures are very fair selling prices, especially for dealers. To be honest with you, I personally have found that the TMV numbers that are listed on this site are actually on the high side. Smart consumers who live in areas where there is competition for their business and who comparison shop are usually able to purchase new vehicles for less than TMV without too much trouble. I haven't seen BMW's October incentives program yet, but in September it was providing $3,000 dealer cash on the 2004 330i. I suspect that the dealer cash that is available on this car is the same this month. As a result, I would think that you should be able to lease one with a capitalized cost of at least a thousand dollars below invoice without too much trouble.

    I would be more than happy to work up a sample lease payment on this car for you, but in order for me to do so, I need you to provide me with its full MSRP.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ccap. Let's calculate a sample lease payment on this model for you and see what we come up with. According to my calculations, if you were to lease a 2004 Infiniti FX45 with an MSRP of $52,400 and a selling price of $48,000 through Infiniti Financial Services this month for 39 months with 12,000 miles per year, your zero down, pre-tax monthly lease payment should be right around $600.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey mzinzi. I would be more than happy to try to give you an idea of what these models' lease programs should currently be like, but Audi continued its September program until October 6th so its new numbers aren't out yet and I have not seen Subaru's new October lease program yet. I should have a good idea of what these two brands' new lease programs are like by the end of the week. Please feel free to post a quick reminder in this discussion for me then and I will try to help you out.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, edmunds_noob. Let me know if you have any other questions.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello desgnconcpts. General Motors' lease program varies by region. In order to give you an accurate idea of what the lease payment should be like on this Rendezvous right now, I need to know what state you are in. Let me know and I will work up a sample lease payment for you.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi eegs2k. DaimlerChrysler is scheduled to introduce its new October lease program today. If you provide me with this truck's full MSRP I will be more than happy to calculate a sample lease payment on it for you.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, phenom525. If you are able to lease this truck for invoice minus any available cash incentives, then you are getting a very good deal.

    Different states calculate tax on leased vehicles differently than others. Generally speaking though dealer cash incentives are considered manufacturers' price adjustments by most states and are not taxed, while customer incentives, like the lease cash that is you mentioned in your post is taxable.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Air00Max. The payment that your girlfriend was quoted does look a little high to me, but it is difficult for me to calculate a sample lease payment on this car and to see what sort of discount she is receiving on it without knowing its full MSRP. If you provide me with this number I will be glad to give you my opinion of this deal.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, ethansquare. In order for me to work up a sample lease payment on this car for you, I need you to provide me with the full MSRP and an approximate selling price for the exact model that you want. You can find out that information right here at Edmunds.com by visiting the New Vehicle Pricing section of this site. You also should be able to get a good idea of how much others are paying for this model right now by visiting the following discussion that appears here in the Town Hall "Acura TSX: Prices Paid & Buying Experience". Let me know the prices and I will let you know its lease payment.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello ocir1. If you are really paying $200 over invoice then you certainly were quoted an attractive selling price for this truck. Even if it really turns out to be $500 over invoice, that is still very good. I can work up a a sample lease payment on this X3 for you once I have a grasp of what BMW's new October lease program for it is like. Post a quick reminder in this discussion for me in a few days and I will work up a payment for you.

    Car_man
    Host
    Smart Shopper Message Board
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again pen101. Much like in September, Honda is no longer providing any sort of lease support on the 2004 Odyssey. As a result, if you were to lease one through American Honda Finance Corp. right now, you would have to use its standard lease program. The last time that I saw it, AHFC's base standard lease money factor was .00265 for 3 years and .00235 for 4 years. The corresponding 15,000 miles per year residual values for an '04 Odyssey EX-L without navigation or the rear entertainment system are 56% and 48%, respectively. Its 12,000 miles per year residual values should be 2% higher. These base numbers will be the same, regardless of the dealer that you get this van from. Banks' published residual values are set in stone and individual dealers do not have any authority to alter them. The only reason why the money factor for this model would be higher than the one that I posted are if you were having your vehicle's security deposit waived or if the dealer that you are working with is marking it up to add additional back-end profit to your deal. The marking up of money factors is usually allowed, but if you know the base factor that is available on the model that you are interested in, you should not have much trouble getting your dealer to calculate your lease payment using the base factor. On an unsupported vehicle like the '04 Odyssey, it is possible that one could get a more attractive monthly payment by leasing through an independent bank. The problem with doing so is that most independent banks only lease through dealers and not directly to the general public.

    Through October 4th, Honda was providing $500 dealer cash on this van. I suspect that it is providing at least that much in October.

    You would be able to get a lower lease payment by leasing this van for 4 years rather than for 3. This is because vehicles experience their highest rate of depreciation during the first 12 months of ownership. By leasing for a longer term, one is able to spread out this initial depreciation hit over a larger number of payments. Assuming that one can get a similar money factor for the longer term, their payment would be lower. Of course, the disadvantage of a longer lease is that one is obligated to drive the vehicle for a longer period of time.

    Car_man
    Host
    Smart Shopper Message Board
  • a2ja2j Member Posts: 7
    Hi Car-man,

    Just wondering if the October AHFC lease program figures are available yet for the Acura TL. I'm primarily interested in a 15k mile lease (36, 39 or 48 mo).

    Thanks!
  • vt18tvt18t Member Posts: 1
    Looking for the rebates and residulas and money factors for 04 Saab 9-2x Aero (turbo one) and 9-3 Arc. VeeDubDriver from Vwvortex said you might have the answer. These wold be 15k/yr leases, 24-48 months. Thanks in advance.
  • eegs2keegs2k Member Posts: 9
    Thanks Car_man,

    The MSRP is $24,680.00

    eegs2k
This discussion has been closed.

Helpful Tools

Most popular vehicles