Hello 6422130. Here is the information that you are looking for. According to the latest informaiton that I have seen, if you were to lease a 2004 Honda Pilot EX-L RES through American Honda Finance Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00136 and 59%, respectively. The factor and residual for an otherwise identical 4 year lease should be .00225 and 51%. When negotiating your lease on this truck, keep in mind that Honda is providing $500 dealer cash on it that will help you to negotiate an attractive capitalized cost.
Honda is not providing any sort of support on the 2005 Pilot yet. So if you were to lease one through AHFC right now, you would have to use its standard lease money factors. Its current standard money factors for 3 and 4 year leases are .00250 and .00225. The corresponding 15,000 miles per year residual values for a 2005 Pilot EX RES are 62% and 55%.
Hi - First post here in Edmunds. I have a 2002 Saturn L300 that I am leasing and I got a call from Saturn saying they will terminate my lease early (June '05) if I lease/buy another Saturn (and I would guess any GM make, like I have done before). I want a minivan next, maybe the Chevy Uplander or Saturn Relay, but in the past GM vans have poor residuals, and therefore are poor lease vehicles, correct? Also being so new (due to dealers maybe next week) there won't be any special deals on these vehicles for a while I would assume. My current Saturn has only 23k miles on it, very good condition - would I get any bonus from a dealer because of this? Thanks in advance.
Hi Car_Man, I am still looking at leases on Jeeps. The weekend paper had an ad for an 05 Liberty Sport for 239.00 for 24/12k. The ad said 1480.00 due at signing. When I called the dealer to get more info he said the MSRP was 23,780.00 and that the total down was 1480.00 + another 700.00 aquisition fee. Does that extra 700.00 sound right to you? Also I plan to try to get the price down to around 21,750.00 or so. Can I push them to lower that payment based off of that or is it in stone since this is a Jeep special offer right now?
I have a 2002 VW Beetle, just over 16,000 miles on it. The lease runs out in January. I want to turn it now. I have replaced it with a Ford and they gave me enough money to pay if off now. However, according to VW, (Huntington Bank) I can't. They say I can't turn it in earlier even though I am willing to pay the final monthly payments. This makes no sense to me at all. Is this true. If so please explain the rationale to me cause I sure as hell don't understand it. Thanks
I'm interested in leasing the '04 Acura TSX. However, the '05's come out 10/26/04- not too long from now. I'm not sure how long it will take edmunds.com to get all the important information up onto their website (like the INVOICE price!). But here's my question: is it better to wait for the '05's to come out and then lease an '04 in the hopes that there will be discounts OR is it better to get an '05 (won't the residual value be higher on a newer car thereby making the lease payments lower?)? Not sure which is the better route....Thanks for the help!
The dealer did waive the security deposit in exchange for a slight increase in the money factor. We couldn't come to agreement on my trade, so we didn't do the deal. After thinking about it though, I think that paying the security deposit up front is probably better since I'll get this money back at lease termination correct?
Hi Carman! Could you give me the current MF and residual for October in the state of Washington on the 2005 RX 330 AWD w/o Nav, 12,000/15,000 miles per year for 36 months, please? Also, are there any rebates or incentives from Lexus on this vehicle? Thanks very much for all the help you give all of us!
Do you know what the money factor is in NY State on the 2005 Pilot? I also was curious how competitive the $31,135 sales price is on the 2005 pilot EXL thanks
Considering either a 2005 acura TL or 2004 bmw 330i. 3 year, 15,000 mile lease. No cap cost reduction. Acura will sell the car for $31,750, but with a 56% residual and .00207 money factor. Payment works out to about $554 including tax. Both residual and money factor seem high. I currently have a 2001 TL on a 42 month lease, and residual was 56% on that. Seems like it should be higher on 2005. BMW says 57% residual and have given me a variety of money factors, lowest being .0018. Are these good residuals and money factors on these cars? Are these items negotiable? Thanks!
Hi! Looking at a 2004 Dodge Durango Limited with 15,000 miles that was used by the dealer and still has it's incentives and a 2005 model. Would like to have the residual values and money factors for these two vehicles before sitting down to negotiate a lease. Thanks
Just called the insurance agent... WOW, the insurance rate i got for the RSX Type-S is $500+ per year more than what i need to pay to insure an BMW 325i or MB C230K Sedan (RSX Type-S is $2300/year and the BMW and MB are $1790 and $1920 per year respectively) I think i am gonna to put the extra $40/month on the lease payment rather than the insurance company.
Thanks Car_man! I really apprieciate the great information!
I got the .00145 money factor from the first dealership I tried. Although when I called a second dealership they offered a money factor of .00128 for a 4/15K lease and agreed to all the same terms and conditions on the exact same car (the car is at another dealership and will have to be sent over). Is this (then new money factor) still too high?
One question, when I went to the second dealership, I was told the car had around 890 miles on it (something that was NOT divulged to me at the first dealership)...anyway, by the time I will get the car, it will have over 1000 miles (they are driving it to the dealership)...should I be worried? I was assured that this would not affect the lease and I reasoned (with myself) the car is: 1) In warranty 2) I don't intend to buy the car after the lease 3) Has the features I want
But, I do have some concerns so please (anyone!) post and tell me I will be making a mistake (0h, I did negoiate a better price after I was told of the milage issue).
I sure do, njl. If you were to lease a 2005 Chrysler Town and Country Limited through Chrysler Financial in your area right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00151 and 51%, respectively. When negotiating your lease on this van, keep in mind that DaimlerChrysler is providing $1,000 lease cash and another $1,500 bonus for deals through Chrysler Financial for a total of $2,500 that will help you to negotiate an attractive capitalized cost.
Thanks for the additional information, alex123. If you were to lease a 2005 Audi A4 1.8T sedan with quattro through Audi Financial Services right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00065 and 60%, respectively. An otherwise identical lease of a 2005 Audi S4 Sedan would have a base factor and residual of .00055 and 58%. Lastly, an otherwise identical lease of a 2005 Audi TT 225 Coupe with quattro should be .00050 and 54%. If you were to lease any of these cars with only 10,000 miles per year, their residual values would be 1% higher.
Hello Chris. Nissan is actually not providing any sort of cash incentives on leases of the 2004 Murano at this time. The $1,000 customer cash that Nissan has on it can not be used in conjunction with its special lease program. This means that the entire $2,100 dealer discount that was mentioned in the advertised lease that you saw was given by the dealer out of the margin between this model's full MSRP and selling price. Manufacturers' advertised lease payments often leave a little room for negotiation, so you may be able to lease a slightly lower price than the one that was used to arrive at this payment.
You're welcome, eclipse2. You may be able to negotiate a lower selling price on this car by waiting a little while to get one, but I personally doubt that its lease program will get any better than when it is first introduced. This is when its residual values will likely be the highest. High residual values are very important for vehicles that do not have any lease support on them, like the 2005 RL.
You're very welcome, ubrsf. According to the latest information that I have seen, if you were to lease a 2005 Land Rover LR3 HSE through its captive finance company right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00285 and 52%, respectively. The money factor for an otherwise identical lease with 12,000 miles per year would be the same, but the residual value would increase to 54%.
Welcome aboard, irg. The call that you received was talking about the early lease termination program that General Motors is running right now. You are correct, you should be able to get out of your current lease if you get any new General Motors vehicle, other than Saab I believe, not just another new Saturn. You are also right in that General Motors' residual values are not the highest in the world. Fortunately, GM artificially inflates them on most models to make them a little more tolerable. For example, it is bumping up its 3 year, 15K residual value on an '05 Chevy Venture from 33% to 48% in some regions. While it is expensive for them to do so, it makes this models lease payment a lot more reasonable than it normally would have been. As you expected, GM is not currently providing any sort of lease support that I am aware of on the Uplander or Relay yet. Give it time though, I guarantee that there will eventually be tons of support on these models. Unfortunately, you will not get any sort of financial bonus from GM for turning in a vehicle that is way under your allowed mileage and is in good condition.
Thanks for the reply. I suspected that GM must inflate their residuals or no one would lease them, let alone by them. I guess the best thing to do is wait and see. Maybe right before the end of the year would be a good time to shop again. Or have you seen January/February a better time because few people seem to car shop then? (it is often below zero in this part of upstate NY in Janary).
I have started nego on a 04 murano sl awd touring pkg could you please tell me the money factor and residual. Can I request the dealer to fax me this info
Hey eegs2k. Vehicles' lease acquisition fees vary depending upon which bank one leases through. Chrysler Financial's base lease acquisition fee is currently $550. If the dealer that you are working with quoted you a higher fee than that either this lease is through a different bank or they are marking-up Chrysler Financial's base fee to add additional profit to your deal.
You definitely can and should negotiate the selling prices of leased vehicles. Manufacturers' advertised lease payments often leave a little meat on the bone so to speak. To figure out around what you should pay for this truck, look up its dealer invoice price by visiting the New Vehicle Pricing section of this site, subtract the $2,000 cash incentive that is available on it ($1,000 lease cash + $1,000 bonus cash on deals through Chrysler Financial), and add a couple hundred dollars.
Hi dmbleser. Many banks are not willing to take back leased vehicles prior to the scheduled end of their lease terms, even if the lessee is willing to pay all of their remaining payments. It is difficult to say why some banks take this position. Perhaps they feel as though they will have to take a loss when they send your vehicle to auction and they want to put off doing so for as long as possible. Perhaps they just don't want to be bothered. Regardless of the reasoning, always remember that the dealer that you got your Beetle from has nothing to do with whether or not you can return your leased vehicle at this time. This is strictly between you and the bank that you are leasing your car through. Give them a call and see if they would be willing to work with you.
Hello enya18. Acura is not providing any sort of lease support on either the 2004 or 2005 TSX at this time. As a result, if you were to lease either of these cars through American Honda Finance Corp., you would have to use its standard lease program and their money factors would be exactly the same. Since the factors are identical, the most important factors in determining your lease payment will be their residual values and their selling prices. While I have not seen them yet, it is very safe to assume that AHFC's residual values for the 2005 TSX will be higher than its residual values for the 2004 model currently are. As a result, all things being equal, namely their selling prices, the 2005 model would actually be less expensive to lease than an equivalent 2004 model would be. The question is whether you will be able to negotiate a significantly lower price on a leftover '04 TSX to justify getting one.
No problem, dv8tor. I always pay the security deposit on leases rather than having it waived in exchange for an increase in the money factor when I am given the choice. As long as you can afford to tie up the couple hundred dollar deposit for a couple of years you will eventually get it back or be able to use it to pay any penalties that you are charged, which in my opinion is better than just paying a higher monthly payment each month.
Greetings briegel. I am sorry to say that Lexus is not currently providing any sort of cash incentives or lease support on the 2005 RX 330. As a result, if you were to lease one through Lexus Financial Services right now you would have to use its standard lease money factor. The last time that I saw it, its base standard factor for your area was around .00210 for any length lease. LFS' 3 year, 15,000 miles per residual value for a 2005 RX 330 AWD w/o Nav should currently be 57%. Its 12,000 miles per year residual value would be 2% higher.
Hi eagwheels. For a while, Honda was publishing two sets of lease money factors for vehicles, those that were leased in New York and those that were leased in any other state. A few months ago, it stopped publishing two sets of factors. American Honda Finance Corp.'s money factors are now good in every state, but its lease acquisition fee is increased in New York from its normal $595 to $1,095. I would be more than happy to give you an idea of what the exact money factor and residual value should be for this truck if you let me know how long you need to lease it for and how many miles per year you need to be able to drive it. Similarly, I will let you know what I think of the selling price that you were quoted if you tell me this model's full MSRP.
Could you kindly give me money factors and residuals for 1. 2005 Audi A4 3.0 quattro convertible lease (36 and 39 months) 2. S4 convertible (also 36 and 39 months) 10k miles OK. Thanks
Hey kjw24. The money factor and residual value that you were quoted to lease a 2005 TL for 3 years with 15,000 miles per do not match up with American Honda Finance Corp.'s current program for this car. The dealer that you are working with may be running your lease through a different bank. Since Acura is not currently providing any sort of support on this model, I would not be completely surprised if one was able to lease it for less through an independent bank than through AHFC. I would be more than happy to work up a sample lease payment on the car that you are considering if you let me know its full MSRP.
BMW Financial Services, current 3 year base lease money factor for the 2004 330i is .00150. If the factor that you were quoted is higher than that you are either having your car's security deposit waived, acquisition fee waived, or the dealers that you are working with are attempting to mark-up BMW's base factor to add additional back-end profit to your deal. Now that you know what this car's base money factor is and the fact that there is $3,000 dealer cash on it you should be able to negotiate a very attractive deal on one. Just make sure to finalize your deal this month. I have heard through the grapevine that BMW's lease program for most '04 models will be much worse in November.
Hi kenv3. I would be more than happy to help you out, but in order for me to do so I need some additional information from you first. This info includes how long you want to lease these trucks for and their exact trim levels, i.e. a 2004 Durango ST 4WD, or a 2005 Durango Limited 2WD, etc.... Let me know and I will see what I can find out for you. Talk to you soon.
You're very welcome, kiw. You're talking about a 4 year lease of a 2004 VW Touareg right? VW Credit's base factors for this truck and term in October are .00078 for the V6 and .00090 for the V8. Also, Volkswagen is providing $500 dealer cash on leases of these trucks this month.
I personally wouldn't be worried about the fact that the vehicle you are considering already has 1,000 miles on it. Having said this, I personally would much rather have a brand new Touareg than one that other people had driven 1,000 miles in if I was in the market for one and would take this into account when I made my offer. Unfortunately, in my opinion most dealers are not willing to provide enough of a discount on demo vehicles to justify purchasing them over equivalent brand new models.
You're welcome, irg. Incentives tend to increase as the model year progresses, so I definitely expect the vans that you are interested in to have more support available on them in January and February than they do now.
Question....trying to get the best car for the lowest monthly payment that will last a long time...but I odn't want to get hosed.
Dealership in town offering very low payments (like $300 a month for 60 months) on new Hond Pilot. But this is a Balloon Paymnet...my last payment would actually be around 13k. Or I can turn in the Pilot or I can refinance the 13k.
I feel as though I would basically be financing this SUV for like 10 years.
I would be more than happy to try to give you an idea of what the lease program is currently like on the 2004 Nissan Murano. 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. Dealers definitely have this information in print and would be able to fax it to you, but I doubt that you will be able to convince one to do so.
No problem, alex123. I have seen Audi's lease program for the new A6. Interestingly enough, it already has a little lease support on this fantastic new car. If you were to lease a 2005 Audi A6 3.2 through AFS this month for 3 years with 10,000 miles per, its base money factor and residual value should be .00190 and 55%, respectively. The numbers for an otherwise identical lease of an '05 A6 4.2 should be .00220 and 58%.
I was quoted a 58% residual for a 39 month lease for an 04 G35 coupe lease and a money factor of .00215 through IFS. I wanted to see if this is an accurate quote. I believe it goes up to 59% for 36 months. Also I am looking at a base model and can get a discount of $2460 off selling price. Does this sound reasonable since the 05's are coming out very soon? Your help is appreciated.
Car_Man, What should I expect regarding the following: 1. Price (lowest markup over invoice) ? 2. Base money factor and residual on a 36 month lease? 3. Any reason to think that an end of year lease special may be forthcoming?
Car_man, I'm thinking of leasing a 2005 Audi A4 1.8t, auto with prem. pkg, what is the Money factor and the residual for 2yr/15,000 mile and 2yr 12,00 mile lease. thanks
Both the 2004 and 2005 Durango's are the Limited4WD models.Talked to the salesman today who informed me that they are unable to offer a lease on the 2004 demo model with the 15,000 miles. That did not make any sense to me. Also their price on the 2004 is $29,543. Considering the Kelly Blue Book retail value is $30,770 am I unreasonable in feeling that the $4,500 in factory incentives should be taken off the retail value bringing the price down to $26,200. I am looking at a three year lease and need to decide between 12,000 and 15,000 miles a year.
To the one & only Carman, Please advise the MF & Residual for the above two for a 36 mo, 12K mile lease. The Matrix is the manual 2wd model and the Corolla is manual also. Thank you in advance!!!
Thanks Carman. The MSRP on the 2005 Acura TL is $33,400. Today they told me 60% residual and "new" money factor of .00245. Is this any more in line? Would be interested to see your lease payment figures.
On the 2004 BMW 330i, both dealers I have talked with (Knoxville and Chattanooga) tell me they can't locate any more cars. Just 2005 models. I had an offer from one for $525 per month, no cap reduction, $41,945 MSRP, $37,000 cap cost, 57% residual, and .0018 money factor. This was 3 years and 12,000 miles. Equipped with premium and cold weather packages. Offer was end of Sept. Wasn't ready to decide at the time, and first week of October they told me they could no longer lease me that car at that price because all cash incentives from BMW had expired Oct. 1. But your answer seems to indicate there is still cash out there and good money factor rates. They are now trying to steer me to a 2005, but I don't want to pay that much. Any thoughts?
I would be more than happy to help you out, akr. If you were to lease a 2005 Audi A4 3.0 quattro convertible through Audi Financial Services right now for 36 months with 10,000 miles per year, its base lease money factor and residual value should be .00225 and 62%, respectively. The money factor for an otherwise identical 39 month lease would be the same, but the residual value would drop to 59%. If you were to lease a 2005 Audi S4 convertible through Audi Financial Services right now for 36 months with 10,000 miles per year, its base lease money factor and residual value should be .00225 and 61%. The money factor for an otherwise identical 39 month lease would be the same, but the residual value would drop to 59%.
Hi bkipw. Balloon notes are very similar to leases. I always advise consumers not to lease, or in this instance take out a balloon note, for more than 36 to 39 months - 48 months tops. I do so for several reasons. A lot can happen in one's life over the course of 5 years. If you were to move or change jobs, you could end up going way over your allowed mileage on this truck and owe a tremendous excess mileage penalty at the end of your lease if you do not purchase it. Also, by entering into a 5 year balloon note on this Pilot its warranty will have long since expired by the end of your note. As a result, you will have to pay out of your own pocket to fix any problems that you have with it or possibly face an end of term penalty for excess wear and tear. I am sorry to say that if you can only afford this model by taking out a 5 year balloon note on it, you may want to consider something less expensive or perhaps a used vehicle.
Hello ajpbf7. Both the lease money factor and residual value that you were quoted for the 2004 G35 coupe that you are considering are correct. This is a good thing because it means that the dealership that you are working with is being straightforward with you. The discount that you were quoted is very reasonable. If I am not mistaken, that is right at, or perhaps even a little below dealer invoice for this car. Any time one can get a popular model that does not have any incentives on it, like the G35 coupe, for near invoice they have gotten a good deal. If you like the car, I don't see any reason not to do this deal.
Greetings st7. Lexus is not currently providing any sort of lease support on the 2005 ES 330. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. The last time that I saw it, LFS' base standard lease money factor was .00210 for any length lease. Its 3 year, 15,000 miles per residual value for a 2005 ES 330 without navigation is currently 57%. It is difficult to predict when Lexus will introduce lease support on this car, but if I had to make an educated guess I would say that there will probably at least be a little lease support on it in December.
I am not personally all that familiar with that sort of price you should expect to pay for this car in your area right now, but you should be able to get a good idea of what these cars are selling for at this time by looking up its Edmunds.com True Market Value in the New Vehicle Pricing section of this site and by stopping by the following discussion, "Lexus ES 300/ES 330: Prices Paid & Buying Experience".
Here is the info that you are looking for, skbti. If you were to lease a 2005 Audi A4 1.8T sedan without quattro through Audi Financial Services right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00085 and 68%, respectively. Its 12,000 miles per year residual value would be 2% higher and its 10,000 miles per year residual value would be 3% higher.
Hey kenv3. It is possible that Chrysler Financial will not lease "new" vehicles that have over a certain number of miles on them. This would explain why the dealer that you are working with is not able to lease the demo that you were looking at to you.
If you were to lease a 2005 Dodge Durango Limited 4WD through Chrysler Financial right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00187 and 50%, respectively. When negotiating your lease on this truck, keep in mind that DaimlerChrysler is providing $1,500 lease cash + a $500 bonus for deals though Chrysler financial for a total of $2,000 on it that will help you to negotiate a lower capitalized cost. If you were to lease a 2004 Dodge Durango Limited 4WD through Chrysler Financial right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00151 and 46%, respectively. There is $4,500 lease cash + $1,000 bonus cash for a total of $5,500 on the '04 Durango right now. If you were to lease either of these trucks with only 12,000 miles per year, their residual values would be 2% higher.
I personally would not purchase the demo Durango unless I could get it for well below invoice minus all of the available cash incentives.
Hi there vino1. I would be more than happy to help you out, but since Toyota's lease program varies depending upon which one of its twelve regions one is in, I need to know what state you plan on leasing your new car in. Let me know and I will let you know.
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Honda is not providing any sort of support on the 2005 Pilot yet. So if you were to lease one through AHFC right now, you would have to use its standard lease money factors. Its current standard money factors for 3 and 4 year leases are .00250 and .00225. The corresponding 15,000 miles per year residual values for a 2005 Pilot EX RES are 62% and 55%.
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I am still looking at leases on Jeeps.
The weekend paper had an ad for an 05 Liberty Sport for 239.00 for 24/12k. The ad said 1480.00 due at signing. When I called the dealer to get more info he said the MSRP was 23,780.00 and that the total down was 1480.00 + another 700.00 aquisition fee. Does that extra 700.00 sound right to you? Also I plan to try to get the price down to around 21,750.00 or so. Can I push them to lower that payment based off of that or is it in stone since this is a Jeep special offer right now?
The dealer did waive the security deposit in exchange for a slight increase in the money factor. We couldn't come to agreement on my trade, so we didn't do the deal. After thinking about it though, I think that paying the security deposit up front is probably better since I'll get this money back at lease termination correct?
Thanks again!
dv8tor
thanks
Thanks
I think i am gonna to put the extra $40/month on the lease payment rather than the insurance company.
I got the .00145 money factor from the first dealership I tried. Although when I called a second dealership they offered a money factor of .00128 for a 4/15K lease and agreed to all the same terms and conditions on the exact same car (the car is at another dealership and will have to be sent over). Is this (then new money factor) still too high?
One question, when I went to the second dealership, I was told the car had around 890 miles on it (something that was NOT divulged to me at the first dealership)...anyway, by the time I will get the car, it will have over 1000 miles (they are driving it to the dealership)...should I be worried? I was assured that this would not affect the lease and I reasoned (with myself) the car is:
1) In warranty
2) I don't intend to buy the car after the lease
3) Has the features I want
But, I do have some concerns so please (anyone!) post and tell me I will be making a mistake (0h, I did negoiate a better price after I was told of the milage issue).
Thanks!!
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You definitely can and should negotiate the selling prices of leased vehicles. Manufacturers' advertised lease payments often leave a little meat on the bone so to speak. To figure out around what you should pay for this truck, look up its dealer invoice price by visiting the New Vehicle Pricing section of this site, subtract the $2,000 cash incentive that is available on it ($1,000 lease cash + $1,000 bonus cash on deals through Chrysler Financial), and add a couple hundred dollars.
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Could you kindly give me money factors and residuals for 1. 2005 Audi A4 3.0 quattro convertible lease (36 and 39 months)
2. S4 convertible (also 36 and 39 months) 10k miles OK. Thanks
BMW Financial Services, current 3 year base lease money factor for the 2004 330i is .00150. If the factor that you were quoted is higher than that you are either having your car's security deposit waived, acquisition fee waived, or the dealers that you are working with are attempting to mark-up BMW's base factor to add additional back-end profit to your deal. Now that you know what this car's base money factor is and the fact that there is $3,000 dealer cash on it you should be able to negotiate a very attractive deal on one. Just make sure to finalize your deal this month. I have heard through the grapevine that BMW's lease program for most '04 models will be much worse in November.
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I personally wouldn't be worried about the fact that the vehicle you are considering already has 1,000 miles on it. Having said this, I personally would much rather have a brand new Touareg than one that other people had driven 1,000 miles in if I was in the market for one and would take this into account when I made my offer. Unfortunately, in my opinion most dealers are not willing to provide enough of a discount on demo vehicles to justify purchasing them over equivalent brand new models.
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Dealership in town offering very low payments (like $300 a month for 60 months) on new Hond Pilot. But this is a Balloon Paymnet...my last payment would actually be around 13k. Or I can turn in the Pilot or I can refinance the 13k.
I feel as though I would basically be financing this SUV for like 10 years.
What is your take...good ide or bad idea??
Thanks
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What should I expect regarding the following:
1. Price (lowest markup over invoice) ?
2. Base money factor and residual on a 36 month lease?
3. Any reason to think that an end of year lease special may be forthcoming?
I'm thinking of leasing a 2005 Audi A4 1.8t, auto with prem. pkg, what is the Money factor and the residual for 2yr/15,000 mile and 2yr 12,00 mile lease.
thanks
Both the 2004 and 2005 Durango's are the Limited4WD models.Talked to the salesman today who informed me that they are unable to offer a lease on the 2004 demo model with the 15,000 miles. That did not make any sense to me. Also their price on the 2004 is $29,543. Considering the Kelly Blue Book retail value is $30,770 am I unreasonable in feeling that the $4,500 in factory incentives should be taken off the retail value bringing the price down to $26,200. I am looking at a three year lease and need to decide between 12,000 and 15,000 miles a year.
Please advise the MF & Residual for the above two for a 36 mo, 12K mile lease. The Matrix is the manual 2wd model and the Corolla is manual also. Thank you in advance!!!
I am interested in leasing 2005 Pilot EX-L in NY
12,000 miles per year over a 36 month period
MSRP 32,635
Selling price 31,135?
Would the MF and Residual % also be the same for the EX?
On the 2004 BMW 330i, both dealers I have talked with (Knoxville and Chattanooga) tell me they can't locate any more cars. Just 2005 models. I had an offer from one for $525 per month, no cap reduction, $41,945 MSRP, $37,000 cap cost, 57% residual, and .0018 money factor. This was 3 years and 12,000 miles. Equipped with premium and cold weather packages. Offer was end of Sept. Wasn't ready to decide at the time, and first week of October they told me they could no longer lease me that car at that price because all cash incentives from BMW had expired Oct. 1. But your answer seems to indicate there is still cash out there and good money factor rates. They are now trying to steer me to a 2005, but I don't want to pay that much. Any thoughts?
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I am not personally all that familiar with that sort of price you should expect to pay for this car in your area right now, but you should be able to get a good idea of what these cars are selling for at this time by looking up its Edmunds.com True Market Value in the New Vehicle Pricing section of this site and by stopping by the following discussion, "Lexus ES 300/ES 330: Prices Paid & Buying Experience".
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If you were to lease a 2005 Dodge Durango Limited 4WD through Chrysler Financial right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00187 and 50%, respectively. When negotiating your lease on this truck, keep in mind that DaimlerChrysler is providing $1,500 lease cash + a $500 bonus for deals though Chrysler financial for a total of $2,000 on it that will help you to negotiate a lower capitalized cost. If you were to lease a 2004 Dodge Durango Limited 4WD through Chrysler Financial right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00151 and 46%, respectively. There is $4,500 lease cash + $1,000 bonus cash for a total of $5,500 on the '04 Durango right now. If you were to lease either of these trucks with only 12,000 miles per year, their residual values would be 2% higher.
I personally would not purchase the demo Durango unless I could get it for well below invoice minus all of the available cash incentives.
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