Lease Questions - Ask Here

ua01682 · November 2004

Did you original agreement NOT include GAP insurance?

tonyf · November 2004

Car Man

Need your help, my brother is considering a Navigator. Looks like they are being heavely
discounted, under invoice for purchase. Want to check on lease deals.

Do you know the latest numbers. Also, is there any lease cash.

smith83 · November 2004

Car Man,

I just totaled my 2002 Lexus ES 300 and am looking to lease a new BMW X5 3.0 or Audi A6. The MSRP on each is around $48,000.00. I need 18k miles per year for 3 years. Is either company offering decent leases right now?

Thanks.

markm124 · November 2004

Hi Car Man.
Do you have the Nov. residual & MF for the 2005 Accord EX-L and EX-V6? I'm looking for 36 months and 12 or 15,000 miles. Thanks in advance.

jerhot · November 2004

Hold on a minute before you call this BS. I have had three leases. The first two I put money down on. The third (my current) I put zero down and drove off the lot without giving the dealer a dime. I will always do this from now on.

The first two leases I got were right after tax return time, so I had my big government tax return burning a hole in my pocket. It was also before I had done a lot of research into leasing.

Let me just give you an example of how wrapping everything into the lease could work out. My current lease is a 2004 Odyssey EXL-RES. I have applied basically the same numbers to a 2005 Odyssey lease. These numbers will all change based on the numbers you are given, but these are my numbers:

MSRP: $32410

Residual Value: 53% (48 Mon. Lease, 12,000 Miles)

Discount: $2843.26 (Invoice + 2%)

Down Payment: 0

Net Cap Cost: $29566.74

Acquisition Fee: $495 (fairly typical for a lease)

Registration Fee: $45

Document Fee: $100

First Months's Payment: $369.46

Lump Sum Tax: $1121.37 (6.75%, must pay up front in Ohio either rolled in or out of pocket)

Gross Cap Cost: $31697.57

Total Depreciation: $14520.27

Money Factor: .00137 (3.288%)

Total Interest (Money Factor) Payments: $3214.01

Termination Fee: $395

Total Payments for 48 Months: $18129.28 (Includes depreciation, interest payments, termination fee)

To sum up, with zero down and zero out of pocket, I pay $369 a month for 48 months.

If I pay the acq. fee, the regis. fee, the doc. fee, and the first payment ($322.16/mon, lower because all of the fees, interest, and taxes are not included) and tax ($1043.78, also lower) out of pocket on day one I pay $2005.94. Now you may say the montly payment and the tax is lower. The interest is also lower by $140 over the life of the 48 month lease. Over the life of this lease I pay $17864.27, or only $265.01 less than when everything is rolled in. That is less than one month's payment.

Why so little savings when you are paying interest on the rolled in amount? Well, remember, you pay about $2000 up front out of pocket to lower your payments by $47 each month, or a total of $2270 over 48 months.

When rolled in, all the fees and tax you pay are amortized, so you actually only pay for the depreciated part.

For my money, I would rather keep my cash (tax return or whatever) and spend the extra $47 each month rather than pay the $2000 up front (which amounts to about $42 a month).

rroyce10 · November 2004

**For my money, I would rather keep my cash (tax return or whatever) and spend the extra $47 each month rather than pay the $2000 up front** ......

                    Bingo.!

          14,000+ posts .. and finally we have our first genius .. he's right.!

                          Terry.

Kirstie_H · November 2004

jerhot, that was an excellent explanation of your philosophy. Hopefully, you're taking that tax return or other cash and earning equal to or more than $5 interest per month!

Thanks for taking the time to write all that out.

kirstie_h
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kyfdx · November 2004

Even if he has the money in his mattress, his points are good ones.. Any money you put upfront on a lease is at risk, if the car is totaled or stolen.. $5/mo. is a small price to pay to avoid that risk.

Another advantage of leasing, is you can see exactly what your car expenses are.. When you put down a large amount upfront, you are just "muddying the waters".

My rule of thumb is 1st payment and security deposit only at signing.

regards,
kyfdx

Kirstie_H · November 2004

Sorry, didn't mean to diminish the value of putting $0 down for $5 extra/month. But you could reap the benefits AND break even!

kirstie_h
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slocko · November 2004

okay guys, I understand that you shouldn't put any cap cost reduction money. that was never my question.

my question is if you put everything into the payment, will you have to pay finance charges and does gap insurance cover it?

that's all. just wondering if the dealer is trying to get me to lease a higher amount so he can look better and I pay more in interest. i have no problems rolling taxes because in NJ I don't pay any finance charges on that. But if I roll in deposit, first payment, dealer fees, registration, will it be financed? I rather pay those up front and not pay any interest since I have the money. but if you don't have to pay any interest on it, then i am 100 percent with you guys.

The 1800 out of pocket covered acqusition fee, doc fees, first payment, deposit, and registration.

kyfdx · November 2004

Well.. they are basically loaning you all that money (cap cost) on the car.. so, the dealer gets paid, and the taxes get paid, and the bank gets the acquisition fee.. After all that, the money is basically a lien against the car... so, yes, if you total it, all will be covered by GAP insurance.. Good deal, huh?

And yes, you do pay finance charges on anything that isn't paid up front.... But, on most leases that is anywhere between $0.50 and $2.50 per thousand per month.. So, roll $2K into the lease and it will cost you $1.00-$5.00 per month, depending on your money factor.

regards,
kyfdx

dale5 · November 2004

Hello everyone... need advise. I have test driven both the E320 and the 530i and enjoy both even though both cars are totally different. Question is what should I expect with negotiations as it relates to bottom line price, monthly lease (36,000 3 years, 53K MSRP for both)and any additional incentives? 2005 models living in Illinois

Thanks,
Dale

st7 · November 2004

Car_Man, Thanks for the all the information you provide in this forum - it really helps level the playing field.
I'm considering the 2005 350z roadster (touring).
Do you have the base money factor and 24/36 month residuals (@12k/yr)? Any idea if Nissan may come out with a year end incentive?

erikcrago · November 2004

Hello Everyone - I'm at the end of my lease on a 2001 Pathfinder and I'm about $2,000 in milage overages. I've negotiated a new lease on a 2005 for about $465 per month with $550 down and they will take my 2001 and I won't owe anything. However, the buyout on my 2001 lease is $17,300 and they're selling some like it for $21,000 on the lot. I don't want the hastle of buying it, then selling it, then doing a lease, and I don't want to pay the overage, so this deal seems pretty good to me. Has anyone else run into a situation like this? Anyone seen prices for a 2005 lease? 12K miles year, 39 months, $17,350 residual.

Thanks!

steine13 · November 2004

"However, the buyout on my 2001 lease is $17,300 and they're selling some like it for $21,000 on the lot."

No they're not. They're ASKING that, for the next guy who is $2,000 buried, like you are. Or $4,000. So don't feel bad, sounds like they're doing ok by you...

-Mathias

kzybulew · November 2004

Hi Car_man,
Now we're also looking at Audi, (I've posted recently asking about a Volvo XC90 lease.) In previous posts you said the Oct. program ended Nov. 3rd, do you have the November lease information? Looking for residuals and money factors for a 2005 allroad 2.7T with Tiptronic (automatic). Would like to know 36 and 48 months for both 12K and 15K.

You're so awesome, you're work here is greatly appreciated!
kzybulew

erikcrago · November 2004

good point Mathias about the asking/selling price. I meant they are asking $21,000 on the lot...my bad. So the lease deal seems fair to you?

areaone · November 2004

I don't know all the detailed numbers, but Nissan is running a TV ad for a 2005 Pathfinder lease of $329 for 39 months.

emmett1 · November 2004

Hello carman. I am hoping you can help me out with some numbers for a lease on a 2005 Quest S. It is basically a standard vehicle, with a few minor options, such as microfilter and mats. The sticker is 25,700+-. I am looking for the current money factor and residual on a 36 or 39 month lease, with 12k per year on the mileage. I would like to be well informed before entering the dealership. I see that there are currently no incentives or marketing support, just a low APR if purchasing. That surprises me, considering the sluggish sales. I appreciate all of your help.

lexlease · November 2004

Car Man: You helped me save money on a Lexus lease earlier this year. I'm considering a Chrysler 300C with $37070 MSRP. For 36 mos/12k mi, what's the latest money factor and residual value? Does DC offer the $1000 financial bonus on this model? Thanks.

nicknick · November 2004

I have a problem and I'd really appreciate some help. I had a lease car, which was stolen a day ago. I moved to New York City, where I only drive the car once in a blue moon. So, I overlooked my insurance. It apparently expired a while ago. Now my car is stolen and I don't know what to do. I checked my documents and GAP insurance is already included in my lease. What will be my liability and what should I do.

Thank you for your advice in advance.

CarMan@Edmunds · November 2004

Hi drdog. Leasing may not be a bad idea if you lease a Honda and the charge per additional mile is less than or equal to the reimbursement that you receive from your employer. There is no limit to how high your excess mileage penalty will be. If you rack up a ton of miles, you definitely could end up owing thousands of dollars. You need to make sure that you are disciplined enough to put away the money that your employer gives you for driving so that you don't get caught having to pay a huge penalty out of your own pocket at lease-end.

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CarMan@Edmunds · November 2004

Hey g17. I looked into the matter for you and apparently Lexus' lease program for the 2005 IS 300 has not changed. The numbers that were available on it in October are now good through November 30th. Specifically, Lexus financial Services' 3 year, 15,000 miles per base lease money factor and residual value for a 2005 Lexus IS 300 with an automatic transmission should be .00128 and 53%, respectively. Using these numbers, an MSRP of $33,645 and a selling price of $30,100 I estimate that this car would have a zero down, pre-tax monthly payment of right around $402. The difference between LFS' 36 and 39 month residual values is bigger than it is for some other banks so you really don't save much, only a couple of dollars, by going with the 39 month term.

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CarMan@Edmunds · November 2004

I sure do, soccerpws, and I would be more than happy to help you out. If you were to lease a 2005 Honda Civic EX Sedan through American Honda Finance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00148 and 55%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00148 and 52%.

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CarMan@Edmunds · November 2004

Hi there tdevane. As usual, Infiniti is not providing any sort of lease support on the G35 Coupe, which is a fantastic looking car by the way

. So if you were to lease one through Infiniti Financial Services at this time, you would have to use its standard lease money factor of .00215. Its 3 year, 15,000 miles per residual value for an '05 G35 Coupe is currently 60%. Using these numbers, an MSRP of $34,000, and a selling price of $32,000 I estimate that this car would have a zero down, pre-tax monthly payment of around $435.

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CarMan@Edmunds · November 2004

I sure can, jim53. I do not believe that Lexus is providing any sort of lease support on the 2005 RX 330 at this time, so if you were to lease one through Lexus Financial Services, you would have to use its standard lease program. I think that its standard money factors vary slightly, depending upon what part of the country one is in, however if you qualify for its very best credit tier you should expect a factor of right around .00195. If your credit is still in really good shape but you miss the cur for the highest tier, your factor should be around .00205. LFS' provides a slight discount in these factors for loyal customers. The last time that I saw the residual values for the 2005 RX 330 4WD without navigation or the rear entertainment system, they were 57% for 36 months and 54% for 39 month leases with 15,000 miles per year.

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CarMan@Edmunds · November 2004

I've heard, alex123, that Lexus just continued its October residual values over for now. If that is the case and you were to lease a 2005 LS 430 without navigation through Lexus Financial Services for 36 months with 12,000 miles per year, its residual value would be 59% and its 39 month residual value should be 56%. I've never seen residual values for a LFS lease with only 10,000 miles per year so it may not offer such a low mileage allowance. If it does, like most banks its 10,000 miles per year residual values are probably 1% higher than its 12,000 miles per resids. There is not currently any lease support on this car. For information on what LFS' standard lease money factors are like, see my previous post.

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CarMan@Edmunds · November 2004

Hi avp2417. Let me begin by saying that the dealer that you are working with has to take whatever down payment amount that you decide to pay them. Consumers can lease any vehicle that they are interested in without making any sort of capitalized cost reduction, and it is in their best interest to do so. I say this 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 TL would be exactly the same, regardless of whether you had put $2,000 down, $1,000 down, or had made absolutely no down payment at all.

Acura is not currently providing any sort of lease support on the 2005 TL. So if you were to lease one through American Honda Finance Corp. you would have to use its standard lease money factors. The current 39 month, 15,000 miles per year base lease money factor and residual value for an '05 TL without navigation should be .00245 and 56%, respectively. The only reason why this car's money factor would be higher is if you were going to have its security deposit requirement waived, or if your dealer is marking-up its factor to add additional back-end profit to your deal.

Using the numbers that I just mentioned, an MSRP of $35,470, and a selling price of $34,720, I estimate that this car will have a zero down, pre-tax monthly payment of around $515. As you can see, this payment is WAY less than the payment that you were quoted, so something does not add up here.

Since this is your first time leasing, you may want to check out the following helpful articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. They contain a lot of good information that will keep you from getting taken for a ride, so to speak, by dealers.

Please let me know if you have any other questions.

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sandyl · November 2004

currently for a 36 month 12k lease what is the
residual and MF for
camry LE
Altima S

Also, are the dealers getting lease support. I have noticed really low lease deals with the Altima in particular. Even taking Cap cost reduction into account the deals are still good
if you put that money back into the lease.
(for example one dealer advertised 189/month
with 999$ due at signing)

Do you think between NOV and DEC these deals would change for the worse? my current camry
goes out of lease in Jan (last payment in Dec)

thanks!
sandy

alex123 · November 2004

--you were to lease a 2005 LS 430 without navigation

Does navigation makes the difference?

CarMan@Edmunds · November 2004

The answer that your salesperson gave you about running the lease of the XC90 that you are interested in through Chase instead of Volvo Finance makes sense to me. I do not believe that the free Versatility Package offer can be used on vehicles that are leased through Volvo Finance.

In the Northeastern U.S. this month Volvo is providing an additional $1,000 on AWD XC90 models that was not available last month. Make sure that your salesperson takes this additional incentive into account on your deal.

A lease acquisition fee of $895 is a little on the high side. It's definitely higher than the $595 that Volvo Finance Charges. I am not sure exactly what sort of acquisition fee Chase charges, but some banks do actually have fees that are this high.

I am not personally all that familiar with what XC90s are selling for in your neck of the woods right now, but you may be able to get some feedback on pricing for this vehicle by visiting the following discussion: "Volvo XC90: Prices Paid & Buying Experience".

New Jersey definitely does charge tax on leased vehicles. I believe that it bases its sales tax on leased vehicles on the depreciation portion of your lease. You may be able to find out more informaiton on the taxation of leases in New Jersey by visiting one of the following sites: New Jersey Motor Vehicle Commission or New Jersey Taxation.

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CarMan@Edmunds · November 2004

Alex123, the money factors for an LS 430 equipped with navigation would be exactly the same, but its residual value for this term would be 1% lower for models with nav.

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CarMan@Edmunds · November 2004

Hi 350z. It sounds to me as though the dealer that you are working with found a bank that has a more attractive lease program for this car than the one that you originally were going to lease it through. This would enable them to charge you $1,000 more for the car and still arrive at the same payment. If I was in your situation, I would agree to sign the new lease agreement, only if they agree to honor the selling price that you were promised. Doing so should lower this car's lease payment. If they are not willing to do so, since they supposedly have never turned in your original lease agreement you probably just can give them the car back and walk away. The only catch to doing so would be if you gave them any sort of money at lease signing. They probably would give you a hard time about giving this money back if you tried to back out of your deal.

I believe that there is an ample supply of 350Zs out there, so if this deal falls through, you shouldn't have any trouble finding another one. On an interesting side note, Nissan must be having a tough time unloading the leftover 2004 350Zs because it actually introduced support on this model for the first time ever this month. It is currently offering 2% financing for up to 5 years on '04 350Zs. If you are not completely set on leasing this car, you may want to consider financing an '04.

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CarMan@Edmunds · November 2004

You're welcome, charlie1volley.

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CarMan@Edmunds · November 2004

Greetings areaone. The dealership that you turn your leased Pathfinder in at will have the option to purchase it from Nissan Motor Acceptance Corp. at a specific price. It definitely will not get this car for free. If the dealer decides not to purchase your off-lease truck, NMAC will take it back and either offer it to other dealers through some sort of internal Web site or send it to auction.

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CarMan@Edmunds · November 2004

Hey slocko. Consumers can and often do roll most of the expenses that are associated with leasing a vehicle into its capitalized cost. I see consumers roll vehicles' acquisition fees and taxes into their car or truck's payment all the time. It is true that you will have to pay interest on any charges that you add to your vehicle's capitalized cost, but it is also true that if you have gap insurance you won't just be out any of these charges if your vehicle is totaled in an accident or stolen and never recovered. If you don't feel like cutting a big check at lease signing, there's nothing wrong with adding charges to your vehicle's cap cost, just as long as you understand the positives and negatives that are associated with doing so.

The only fee that I wouldn't try to get out of paying is your vehicle's security deposit. Banks will usually offer to waive their security deposit requirement in exchange for a slight increase in the money factor that is used to calculate your lease payment. Why pay more per month to lease the car or truck that you want when you will get your security deposit back at lease-end anyhow?

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CarMan@Edmunds · November 2004

I'd be happy to take a look at the lease that you were quoted, islongisland. However, in order for me to work up a sample lease payment on this vehicle to compare to the one that you were quoted, I need to know its selling price. This is a very important number for you as a consumer to know anyhow because the selling prices of leased vehicles can be negotiated, just as if you were paying cash. You wouldn't just walk in and buy the car or truck that you want without asking how much they are charging for it would you

. Also, as I just mentioned this number is necessary to calculate this model's lease payment.

Try to find out what selling price you are being charged and compare it to the Edmunds.com True Market Value for the Murano that can be found in the following section of this site to see if you are being given a fair price: Edmunds.com New Vehicle Pricing. You may also want to stop by the following discussion to see if any community members can give you any valuable feedback on what the market is currently like for this vehicle: "Nissan Murano: Prices Paid & Buying Experience".

Once you know what the selling price of this vehicle is, let me know and I will tell you what I think of the lease payment that you were quoted.

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CarMan@Edmunds · November 2004

Here you go, alex123. According to the latest information that I have seen, if you were to lease a 2005 Mercedes-Benz CLK320 Coupe through Mercedes-Benz Credit Corp. for 36 months with 12,000 miles per year, its base lease money factor and residual value would be .00295 and 62%, respectively if you qualify for its top credit tier. Mercedes-Benz is running a special promotion this quarter that allows the use of its 36 month money factors and residual values for 39 month leases. If you want to lease this car through MBCC, this is definitely the way to go because it will lower your monthly payment. The 10,000 miles per year residual values for this vehicle would be 1% higher than its 12,000 miles per year residuals.

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CarMan@Edmunds · November 2004

Hello siemon321. The lease money factor and residual value that you were quoted are right now the money. Let's work up a sample lease payment on this car that we can compare to the one that you were quoted. According to my calculations, if you were to lease a 2005 Honda Civic LX Sedan with a full MSRP of $16,825 and a selling price of $15,623 through American Honda Finance Corp. this month for 3 years with 15,000 miles per, your zero down, pre-tax monthly payment should be aright around $223. That payment assumes that you were going to pay a security deposit. If you want to have this car's security deposit waived, it would increase the payment to around $225 or so. If you were then to add the lease acquisition fee into the capitalized cost of this car, it would increase the payment to around $243. As you can see, that is right around the number that they quoted you, so their calculations look good to me. The only thing that you have to think about is this car's selling price. Look up its Edmunds.com True Market Value in the Edmunds.com New Vehicle Pricing section of this site and stop by the following discussion, "Honda Civic: Prices Paid & Buying Experience" to see if the price that you are being charged is reasonable.

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CarMan@Edmunds · November 2004

Hi tonyf. Lincoln is currently providing lease cash on the Navigator. Specifically it has $2,000 lease cash plus an additional $1,000 bonus for deals through Ford Credit ($3,000 total) on the 2005 Navigator and $5,000 lease cash plus a $500 Ford Credit bonus ($5,500 total) on the 2004 Navigator. I would be more than happy to give you an idea of what the current lease rates and residual values are like for the Navigator, but in order for me to do so it would be a big help if you would tell me the exact model that your brother is considering, how long he wants to lease it for, and how many miles per year he needs to be able to drive it.

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CarMan@Edmunds · November 2004

I'm sorry to hear about your accident, smith83. I hope that nobody got hurt. The choice between these two models is an interesting one. BMW's lease program is definitely more attractive on the 2005 X5, but I personally would rather drive the 2005 A6. The A6 was recently redesigned for the 2005 model year and it is a fantastic car. Unfortunately, Audi dealers were a little disappointed with the residual values that Audi Financial Services published for it. The relatively low residual values, combined with the fact that Audi is not providing much in the way of lease money factor support on this car cause it to have a fairly high lease payment.

Let's take a look at the specific programs that are available on these models at this time. If you were to lease a 2005 BMW X5 3.0 through BMW Financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00150 and 58%, respectively. While if you were to lease a 2005 Audi A6 3.2 through Audi Financial Services right now for 3 years with 15,000 miles per, its base factor and residual should be .00190 and 52%.

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CarMan@Edmunds · November 2004

I would be happy to help you out, markm124. If you were to lease a 2005 Honda Accord EX without navigation 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 .00192 and 55%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year should be 2% higher for this term.

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alex123 · November 2004

Thanks a lot, is there anything special for 2004 CLKs?

jbirdbuc · November 2004

Hello,
Quick question, I have a car dealership telling me that if I lease a car for 4 years, I can then turn this car back in after 3 and get a new lease, basically keep the lease payments going with no penalties of mileage. I find this very hard to believe and too good to be true. What is your response to this statement/question? Thanks.

CarMan@Edmunds · November 2004

Hi Dale. These are both very nice cars. BMW is not currently providing any sort of cash support on the 2005 5-Series. However, Mercedes-Benz is providing $2,000 dealer cash that will help you to negotiate an attractive capitalized cost of the 2005 E320 Sedan. Using this information, the Edmunds.com True Market Value that is listed in the New Vehicle Pricing section of this site, and the feedback from other community members in these discussions, "Mercedes Benz E-Class: Prices Paid & Buying Experience" and "BMW 5-Series: Prices Paid & Buying Experience", you should be able to figure out what your cap costs should be like fir these cars.

As far as their lease programs go, if you were to lease a 2005 BMW 530i through BMW Financial Services this month for 3 years with 15,000 miles per, its base money factor and residual value should be .00150 and 60%. The numbers for an otherwise identical lease of a 2005 E320 Sedan through Mercedes-Benz Credit Corp. should be .00235 and 58%.

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CarMan@Edmunds · November 2004

You're welcome, st7. I'm glad to hear, or read I guess

, that you enjoy this discussion so much. Here is the information that you are looking for. If you were to lease a 2005 Nissan 350Z roadster touring through Nissan Motor Acceptance Corp. this month for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00235 and 69%, respectively. If you were to do an otherwise identical lease of this car for 3 years, its numbers should be .00235 and 59%. I might as well give you the 39 month numbers for this model because that term will provide you with the most attractive lease payment of the three, its current 39 month numbers should be .00235 and 58%.

On an interesting side note, Nissan must be having a tough time unloading the leftover 2004 350Zs because it actually introduced support on this model for the first time ever this month. It is currently offering 2% financing for up to 5 years on '04 350Zs. If you are not completely set on leasing this car, you may want to consider financing an '04 model.

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CarMan@Edmunds · November 2004

Hello erikcrago. Individual dealers do not have the authority to make leased vehicles' excess mileage charges disappear. So most likely what's happening in this situation is the dealer that you are working with is selling you the 2005 Pathfinder that you are interested in leasing for a higher price than you normally would be able to negotiate and using that additional profit to pay your excess mileage charge for you. If you don't want to pay for your vehicles excess mileage out of your own pocket and you don't want to buy your truck then this really is the only solution to your problem. I would be more than happy to calculate a sample lease payment on the Pathfinder that you are interested in, however in order for me to do so I need you to tell me its full MSRP and selling price.

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CarMan@Edmunds · November 2004

Thanks for the kind words kzybulew

. I have seen Audi's new November lease program and I would be more than happy to try to give you an idea of what it is currently like on the model that you are interested in. If you were to lease a 2005 Audi allroad 2.7T through Audi Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00085 and 56%, respectively. Audi is not providing lease support on 48 month leases of this model this month, so the money factor for that term would be much higher, around .00250. You are better off leasing it for 36 or 39 months.

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CarMan@Edmunds · November 2004

Greetings emmett1. Let's take a look at the lease program for the vehicle that you are interested in. If you were to lease a 2005 Nissan Quest S through Nissan Motor Acceptance Corp. this month for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00199 and 55%, respectively. The numbers for an otherwise identical 39 month lease should be .00199 and 51%.

Nissan is providing dealers with quite a bit of support on the 2004 version of the Quest to help them unload all of their leftover units. I believe that the '05 model just hit lots a little while ago. I would be willing to bet that Nissan will up its support on the '05 model as soon as it has sold out all of the remaining 2004s.

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CarMan@Edmunds · November 2004

Hey lexlease. How are you enjoying your new Lexus? Let's take a look at the lease program for the latest object of your desire. If you were to lease a 2005 Chrysler 300C through Chrysler Financial this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00228 and 54%, respectively. There is $1,000 bonus cash on 2005 300C models that are leased or financed through Chrysler Financial, so you should take this money into account when negotiating this car's capitalized cost.

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