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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am sorry to say that you are in a very difficult situation, nicknick. Gap insurance is a good thing to have when leasing because it covers the difference between what your insurance company will pay out as your vehicle's current value if it is totaled or stolen and what you still owe on your lease. The problem is that you did not have any insurance coverage on this vehicle at the time that it was stolen. As a result, you will have to pay the bank that you are leasing it through for it out of your own pocket, which is not a very pleasant thing to have to do. Hopefully the police will recover your vehicle in reasonable shape and you may be able to just fix it up rather than paying for the entire thing.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here is the information that you are looking for, sandy. If you were to lease a 2005 Nissan Altima S through Nissan Motor acceptance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be an attractive .00096 and 60%, respectively.

    According to the latest information that I have seen, if you were to lease a 2005 Toyota Camry LE through Toyota Financial Services in any part of the country except for the Southeastern U.S. for 3 years with 12,000 miles per, its base lease money factor and residual value should be around .00055 and 56%.

    The lease programs are fairly attractive on both of these cars, but nether of them currently have any cash support on leases of them through their captive finance companies.

    It is difficult to say what the lease programs will be like on these models in a couple of months. I suspect that there will be at least the same level of support on them in December or January that there is right now, but it is impossible to predict what automakers will do with their programs with 100% accuracy. If I was in your situation I definitely would wait until the scheduled end of my current lease rather than incur the expense of getting out of it early.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, alex123. Yes Mercedes-Benz is still providing lease support on the 2004 CLK Coupes. And I believe that when all of its dealer cash incentives on '04 CLK Coupes are added up there is around $3,500 worth of cash support on it.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    The dealership that you are working with is not exactly telling you the truth, jbirdbuc. It will likely end up being very expensive for you to break a 4 year lease agreement a year early. So while you can get out after only three years, you will have to pay money out of your own pocket or hurt your ability to negotiate an attractive deal on your replacement vehicle by having the dealer that you are working with pay to get you out of your lease. If I was told a statement like this when shopping for a new vehicle, I would leave and find another dealership rather than deal with someone who has proven to be shady.

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  • leeshuckleeshuck Member Posts: 73
    I see many 10,000 mile per year lease specials that look appealing. If you typically drive more miles, let's say 12k-15k per year, can you usually get a comparable deal from the same company with higher mileage limit, or might it be worth going with the special with lower limit and paying the .20-.25 per mile overage fee?

    What kind of credit rating do you normally need to qualify for the lease specials?

    Thanks,

    Lee
  • alex123alex123 Member Posts: 36
    Do you by any chance know what numbers look like for 2004 CLK500 12000 36m
  • rosowrosow Member Posts: 12
    Hi all,
    I have a family member ready to lease a new 2005 325ci convertible. Here are some of the particulars:

    982 Body (White) colored Hardtop
    N6 Leather Upholstery
    205 Steptronic Transmission
    494 Heated Front Seats
    Alpine white Exterior, Black softtop

    MA - 5.00% Sales tax
    Term - 36 months/15K miles
    List Price inc/destination - $45,215.00
    Early stages negotiated price - $44,000.00
    Money Factor - .00235
    Residual % - 60% for 15K miles/mth
    Lease-end value - $27,129.00
    Cash down - $2,500.00
    Security deposit - $650.00
    Total annual fees (tag/registration/fees) - $289.00
    Total add cap cost (Acquisition Fee??) - $650.00
    Adjusted cap cost - $42,150.00
    Amount due at start - $4,173.06
    Base monthly rental - $580.06
    Total monthly payment - $609.06

    After further discussion and having seen the new BMWFS 11/05 money factors we have tweaked the following to go back and negotiate with the dealer (very high FICO scores):

    Term - 36 months/12K miles
    Money Factor - .00195
    Residual % - 62% for 12K miles/mth
    Lease-end value - $28,033.30
    Cash down - $0.00
    Adjusted cap cost - $44,650.00
    Amount due at start - $1,572.47
    Base monthly rental - $603.31
    Total monthly payment - $633.47

    A few questions we are still a little in the dark about:

    1) I'm guessing the total added cap cost figure of $650.00 is the acquisition fee. What is the BMWFS acquisition fee?? I've seen on these boards $525.00 as a number. Is this correct for this vehicle?? If so they are either jacking this fee by $125.00 or there is another hidden fee that we will need to get a clarification on.

    2) Is $650.00 the normal BMWFS security deposit on this vehicle?

    3) Is $1,215.00 off of list about the right negotiated number for a convertible. I've been seeing $1,000.00 - $2,000.00 off of list as pretty much the norm for 2005's on the forums but sometimes BMW gives the dealers extra incentives. Do they ever give these incentives on current year convertibles??

    4) Delivery is about 6 weeks out. Should he wait until December for possible better money factor/incentive deals or simply close the deal now since the money factor took a good drop from last month?

    Sorry for being so long winded and thanks in advance : >)

    Regards,
    Lenny
  • rroyce10rroyce10 Member Posts: 9,332
    ...... What were you thinking ...??!?!

            The Gap insurance has nothing to do with you .. it's mandatory for you to carry the insurance, it's in the lease contract - and it will be mandatory for you to pay them back ..

                    I'm sure they will put a nice fat Judgment on your credit and you won't be able to buy steam off a hotdog until it's paid -- At least.!

                                Terry.
  • sandylsandyl Member Posts: 42
    Since I do live in the southest, how does the camry lease change. also what about the 2004
    passat?

    of course the Nissan dealer is going to see if
    my payoff on my camry (02, 37 months into 39 molease,
    with only 28K miles) is worth them being able
    to buy it out. I highly doubt it, but I will
    let him entertain himself with that. :)

    Sandy
  • tcontcon Member Posts: 2
    Hey Carman,

    I'm trying to wrap my head around leasing terms for the first time and could use some feedback whether this Volvo XC90 lease is reasonable. Thanks in advance.

    I'm in Phoenix and looking at an FWD XC90, with metallic paint, versatility and premium packages. The info I've been provided is as follows for a 3 year lease and 15k miles/year.

    Negotiated Price $39433
    Less Versatility package credit $1806
    Money Down $1945
    Residual 57%
    Money Factor through Volvo is .00141
    Plates & Doc is 750
    Tax included at 7.95%
    Monthly payment is $507
  • rosowrosow Member Posts: 12
    All,
       I apoligize for the multiple posts!! Seems that if you refresh the page it re-posts??? First time I've seen that happen on a forum and I'm on a lot of them?? Now I know!!

    Sorry!
    Lenny
  • jim53jim53 Member Posts: 118
    CarMan, Can you let me know the mf and residual on a 2005 RX330 for 36 and 39 months?
  • slockoslocko Member Posts: 111
    okay thanks. learn something everyday.

    two think a month ago i knew nothing about leasing.

    it kills me that i have been financing vehicles (total of 4 vehicles, 97 dodge stratus, 2000 odyssey, 2002 odyssey, 2002 mdx) that i changed every two years simply because i was scared of leasing. all that money that went down the drain.

    it is pretty ironic, but now that i am leasing, i am going to end up keeping a vehicle longer than when i was financing.
  • coppercopper Member Posts: 94
    I'm thinking it could have been repo'd by the bank.
  • lmmlmm Member Posts: 70
    Do you have an opinion on taking over someone else's lease. What should a person be on the lookout for using sites such as swapalease.com.

    thanks.

    also, what do you think of Audi's current lease program.
    Now, for a limited time, Audi is offering an exceptional lease on the 2005 A4 1.8 T CVT** Special Edition and the 2005 A4 1.8 T quattro®*** Special Edition.

    Down payment $1,995
    Refundable security deposit $0
    Acquisition fee $575
    First month's payment $299
    TOTAL $2869

    Rate based on $31,320.00 MSRP of 2005 Audi A4 1.8 T Special Edition sedan with 6-speed manual transmission and quattro® all-wheel drive including Special Edition pkg., Cold weather pkg., Northeast Emissions, Metallic/Pearl effect paint and destination charge. Purchase option at lease end for $17,226.00
  • macharonmacharon Member Posts: 1
    Hello,

    I am new to this and need help with my lease turn-in. i am currently leasing a 2001 Jetta that is due on February. This is the 2nd care I've leased with VW and don't want to keep the car.

    Any one know how they will charge me to turn it in and what they will actually ding me for? I want to purchase my next car, but not sure if I can somehow tie that in to my deal.
  • nicknicknicknick Member Posts: 2
    My payments were up-to-date. There was no reason for repo. Do you still think that could be?
  • ponytrekkerponytrekker Member Posts: 314
    If you parked it on the street it could have been towed by NYC for expired insurance.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello Lee. Lease payments are made up of two parts, the interest portion and the depreciation portion. Basically the depreciation portion is arrived at by estimating what a vehicle will be worth at the end of a given length lease and then dividing the difference between that number and the vehicle's MSRP by the number of payments that one has to make. The more miles one is allowed to drive per year, the lower its future value, also known as its residual value, will be and the higher the depreciation portion of your payment will be. Vehicles with low mileage allowances, like 10,000 miles per year, will have the lowest monthly payments. Manufacturers advertise sample lease payments using low mileage limits to offer the most attractive payment possible to attract as many customers as they can. Any vehicle that is advertised with only 10,000 miles per year can be leased with 12,000 miles per year or 15,000 miles per, but increasing the mileage allowance will make its payments increase if all other factors remain equal. Having said this, many advertised lease payments leave a little meat on the bone so to speak in terms of vehicles selling prices. The selling prices of leased vehicles are negotiable, just as if you were paying cash for them. The lower the price you negotiate is, the lower your payment will be. If you are able to negotiate a lower selling price than the one that was used in the 10,000 miles per year advertised payment that you saw then the amount that the lease payment will drop may offset the increase from upping the mileage limit.

    Generally speaking, one usually ends up spending less money by leasing with a higher mileage limit than by paying an excess mileage charge at the end of their lease if they are sure that they will use most of their allowed miles.

    The exact credit rating that is necessary to qualify for a manufacturers' advertised lease varies from bank to bank. Some banks, like Nissan Motor Acceptance Corp. or General Motors Acceptance Corp. are fairly lenient in who qualifies for their lowest lease rates, while others like Mercedes-Benz Credit Corp. are a little more strict.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, alex123. If you were to lease a 2004 Mercedes-Benz CLK 500 Coupe through Mercedes-Benz Credit Corp. right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be around .00185 and 57%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Well, that certainly was a thorough post, Lenny. Your family member was fortunate that they waited until November to lease this car because as you can see its lease program improved significantly this month. The main problem that I had with the first deal was the $2,500 down payment. 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 3-Series Convertible would be exactly the same, regardless of whether you had put $2,500 down, or had made absolutely no down payment at all. It's good to see that you eliminated the down payment in your second round of negotiations. Using the second deal, I just worked up a sample lease payment and came up with a zero down, pre-tax payment of exactly $603.31 so everything seems to add up. You may want to stop by the following discussion to run this car's selling price by other community members who are in the market for or have recently purchased similar cars: "BMW 3-Series: Prices Paid & Buying Experience". BMW is does not usually provide dealer cash on 3-Series Convertibles and it is not doing so right now.

    BMW Financial Services' current base lease acquisition fee is $525 in every state but New York, though it is scheduled to increase it by $100 in a few months. If you are being charged a higher fee than $525 right now, there is some padding in there that the dealer added. You should speak with this dealer to see exactly what the additional $125 is.

    BMW Financial Services' lease security deposit requirement is one's vehicle's monthly payment rounded up to the nearest $50 increment. So the deposit for a car with a lease payment of $633 would indeed be $650.

    It is difficult to say what this car's lease program will be like in December, but if your family member is ordering it they should be able to "lock-in" its current lease program now. Doing so would give them the choice of using its November program or its new December program, whichever is better, if they take delivery of this car next month.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi msmichelleanne. Most banks allow consumers to lease vehicles with annual mileage limits of 10,000, 12,000, or 15,000. So as you can see, one does not have to only drive to their vehicles on the weekends or have a short commute to lease. Of course, if one exceeds their allowed mileage, they will owe the bank that they are leasing their car or truck through an excess mileage penalty when they turn their vehicle in. Afterall, you used the mileage, so you have to pay for it. It sounds to me as though you put quite a few miles on your vehicle. If you drive more than 15,000 miles per year, leasing may not be for you.

    The problem with selling your F-Series pickup right now is that it is only a year and a half old and it has high mileage. If you took out a loan on it, there is a very good chance that you owe more on it than it is currently worth on the open market. If you are indeed upside down on your truck, you will have to pay money out of your own pocket or roll your negative equity into your next loan or lease, which is never a good idea, to sell your truck right now.

    I just deleted your original post because you are not allowed to advertise vehicles that you are interested in selling in this forum. Please feel free to ask any other questions or to repost your message without the advertisement. Thanks.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello tcon. The lease money factor that you were quoted looks like it is right in line with Volvo Finance's current base factor for this model. The main problem that I have with this deal is the down payment. 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 XC90 would be exactly the same, regardless of whether you had put almost $2,000 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 that you can compare to the payment that you were quoted for it. However, in order for me to do so, I need you to tell me its full MSRP.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jim53. I believe that I already answered this question for you yesterday. Scroll back and you should be able to find my response. If not, let me know and I will be happy to try to answer this question or any others that you have.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello lmm. The main problem with many of the deals that consumers want to get out of is that their payments are too high. There's nothing wrong with assuming someone's lease, as long as the deal is attractive.

    Audi is providing a decent amount of lease support on the 2005 A4 right now. In fact, I suspect that its deals on this car will get even more attractive as we approach the arrival of the redesigned 2005.5 A4's arrival early next year.

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  • sandylsandyl Member Posts: 42
    I was looking at a basic 2004 passat GL. Supposily for 2005 they are not going to make a basic model that doesnt take diesel fuel. Same lease info, i.e. 10 or 12K a year and 3 years.
    Also if you can get info the 2004 GLS, that
    would be great as well.

    The toyota dealers all have the 39 month lease
    sign and drive listed for 269/month, so I figure
    that must be a SE toyota finance program. I wonder if the dealers themselves can go lower.
    Something I will email one and ask.

    Sandy
  • rroyce10rroyce10 Member Posts: 9,332
    ........ Duh.! .. good point, I musta had a blonde moment there ...

                We don't know the "whole" story here, thats for sure .. and when he didn't pay his insurance, they instantly notify the lender and/or lease co and they probably sent him about 20 notifications and calls - and with no response, they maybe "popped" it .....

             Aaah, hello 911.? - my wife has been missing for a couple of weeks now and I thought I might give you guys a call ....... you would think this guy would be calling somebody by now ..l..o..l.....

                               Terry.
  • kyfdxkyfdx Moderator Posts: 265,262
    Usually, if you let your insurance lapse, the lienholder (or in this case, the owner) of the car will be notified.. They may have repossessed it, although usually they will just take out insurance for you and then bill you for it (very expensive). Have you notified them that the car is gone?

    EDIT: See what happens when you don't read through the whole thread before posting? The guy right before you says the same thing.. Oh well..

    Edmunds Price Checker
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    Did you get a good deal? Be sure to come back and share!

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  • jim53jim53 Member Posts: 118
    Sorry CarMan, I missed your post. Can you let me know the residuals for 36 and 39 months assuming 10K and 12K miles per year?
  • rosowrosow Member Posts: 12
    car_man,
       Thank you for your detailed reply!! We're on the right path thanks to boards like this one.

    Regards,
    Lenny
  • tcontcon Member Posts: 2
    Thanks - MSRP is $41820.

    Tom
  • gold233790gold233790 Member Posts: 183
    Carman-

    Ok, REALLY want the '05 A6, but the lease terms are a little out of my range right now. So....

    '05, Audi A4 3.0 Quattro sedan in NJ.

    MSRP- $41,460
    Neg. price- currently 40k, but I may push a little lower. But for our purposes, 40k.

    15k miles a year, 36 or 39 month.

    Thanks!
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    A reporter is interested in speaking with someone who has experienced negative equity with a car loan. (Meaning that you have traded in a car before you paid it off and have rolled the leftover loan amount into your new car loan.) She would like to talk with you about why you decided to do it and how you feel about it now. Names can be changed, if necessary. Please contact Pam Krebs, Edmunds.com PR at pkrebs@edmunds.com by end of day today, Monday, Nov. 8, with your name and daytime phone number.

    MODERATOR /ADMINISTRATOR
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  • coppercopper Member Posts: 94
    Terry...good comparison.
    I don't know what would be worse...the wife or the car. :-)
  • galant00galant00 Member Posts: 12
    hey carman, i want to lease mazda rx8 MSRP-30,270. minus the 1500 rebate and minus 2100 under msrp the total is 26,670 plus tax and all the other fees in south carolina zipcode 29615. 48 month lease 48,000 miles. tier 1 credit how much would my payment be?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi macharon. Each bank has its own procedure for consumers who wish to return leased vehicles. You need to place a call directly to VW Credit, or whichever bank you are currently leasing your Volkswagen through to find out its exact procedure. I do not believe that VW Credit charges any sort of lease-end disposition fee, so when you turn your vehicle in the only items that you may possibly be charged for are excess wear and tear and $.15 per mile for excess mileage. Most banks either have an independent inspector or dealer look at leased vehicles prior to or when they are turned in. You may be able to get a pamphlet that details exactly what your bank considers to be excess wear and tear if you place a call to them. If you end up not owing any penalties, eventually the bank that you are leasing this car through will mail you a check for the security deposit that you paid, if any.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional information, Sandy. I have good news and bad news for you. The bad news is that Volkswagen is no longer providing lease money factor support on 2004 Passat models. As a result, if you were to lease a 2004 VW Passat Sedan GL 1.8T through VW Credit right now, for 3 years, you would have to use its standard lease money factor of .00205. The corresponding residual value for this car should currently be 43% for leases with 12,000 miles per year and 44% for leases with 10,000 miles per. The good news is that the dealer cash that normally can not be used on VW Credit leases, can be used in conjunction with this unsupported program. That means that there is $2,500 dealer cash on this car that will help you to negotiate a more attractive capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, jim53. Here is the information that you are looking for. I do not believe that Lexus is currently providing any sort of lease support on the 2005 RX 330. As a result, if this is the case and you were to lease one through Lexus Financial Services right now, you would have to use its standard lease money factors. I believe that its standard factor varies a little depending upon what part of the country one is in, but consumers who qualify for its top credit tier will currently be eligible for a factor of around .00195 and consumers who have very good credit, but don't quite qualify for the top tier will get a factor of around .00205 for any length lease. The last time that I saw LFS' residual values, its residual for a 36 month, 12,000 miles per year lease of a 2005 RX 330 without navigation and without the rear entertainment system was 59% and for 39 months it was 56%. I've never seen LFS residual values for leases with only 10,000 miles per year so I am not sure that it even leases vehicles with that low a mileage allowance, but if it does then its residual values would for that limit probably would be 1% higher.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Lenny. Let me know if you have any other questions.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional information, Tom. According to my calculations, if you were to lease a 2005 Volvo XC90 FWD with an MSRP of $41,820 and a selling price of $39,433 through Volvo Finance this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly payment should be right around $523.

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  • siemon321siemon321 Member Posts: 7
    Car_man,

    Looking at the TMV price, it looks like the quote I received is about $700 below the average TMV, so I think it's a pretty good deal. I'm planning on closing the deal today or tomorrow. Thanks for all the help and advice - it really made this process much smoother for me!
  • agillmanagillman Member Posts: 30
    Carman,

    Can you please provide money factors and residuals for a 2005 Mercedes E55 as follows:

    3 years, 10,000 and 12,000 miles.

    4 years, 10,000 and 12,000 miles.

    I'm in California if that matters.

    Thank you.
  • mabubbamabubba Member Posts: 53
    Carman,

    Can you give me the rundown for the following?

    36/48 month lease
    12k/15k per month

    I have a quote for Invoice, $31300, - $3500 GMAC participation rebate. MSRP is $33100.

    Thanks,

    John
  • willieewilliee Member Posts: 8
    Mr. Carman,

    I have a few questions:
      
    I want to lease a 2005 BMW 330i Coupe can you provide me an estimated lease payment so I can use as a benchmark?

    MSRP: 42,745 (Edmunds.com)
    Cap: 42,245 (Edmunds TMV)
    Residual: ?
    Lease Factor: ?
    Length/Mileage: 36/39 months, 15,000 miles

         Most dealers in my area only have the basic colors and I might have to special order. Do you think I will still be able to negotiate an attractive cap cost? From a historic point, will it be advantagous to lease at the end of this month or hold out to Dec 2004?

    Thank-you for your help,

    williee
  • alex123alex123 Member Posts: 36
    Apparently no one has those anymore, how about 2005 CLK500 36-39m 12000
  • kzybulewkzybulew Member Posts: 41
    Hi Car_Man & friends,
    Though my research I have come to understand that the Allroad will no longer be in production after May 2005. What is likely to happen to the price/lease terms for this vehicle as this calendar year ends and the next (2005) begins?

    Is it foolish to lease this car now? Will the "deals" likely be MUCH improved as time goes on? We can be flexible with our time frame but I would LOVE to have a new car with AWD for the winter.

    Car_man, recently you posted the money factor for Nov. with Audi Financial Services as .00085; the dealer quoted me .00100, what does that indicate?

    The following are the lease terms presented by the dealer for a 36 month 15K and 42 month 15K lease:
    36 Months/15000 miles
    Price: 43125
    Term: 36
    Rate: .00100
    MSRP: 45670
    Residual: .56
    No trade in or payoff
    Millage allowance: 15000
    No cap cost reduction
    Inital payment 1500
    Residual: 25575
    Monthly payment: 591.

    42 Months/15000
    Price: 43125
    Term: 42
    Rate: .00100
    MSRP: 45670
    Residual: .51
    No trade in or payoff
    Millage allowance: 15000
    No cap cost reduction
    Initial payment 1500
    Residual: 24205.10
    Monthly payment: 571.26

    Due at Signing:1500
    549. first payment
    (NJ tax)
    motor vehicle fees
    title fee
    575. bank fee

    Opinions, thoughts, etc...
    All help is appreciated
    kzybulew
  • gpvgpv Member Posts: 2
    I am interested in leasing a 2005 Pilot EXL-DVD. Hoping to pay between $500 to $1000 over invoice. MSRP $33,620, invoice $30,242. It appears that AHFC has a special lease deal for November. It says 42 month lease, but I am looking for 36 months to keep the car only under warranty. I am a NY resident and will need less than 12K miles per year. Do you know what the money factor and residual is? And what would the numbers look like (probably put $2000 of my trade-in down and take the rest home)? Thanks!
  • ltmarksltmarks Member Posts: 28
    hello Car-man,

    I'm looking at an FX35 lease. I have the Oct rates as:
    -.00178MF
    -56% residual for 12k miles, 36 Mo.
    -$1500 in certificates the dealer can use to lower the cap cost.

    For Oct I have an offer of:
    -$40,255 Cap (tech + touring)
    -51% residual for 48 months, 12k miles
    -.00178MF
    =$480 per month

    I was wondering if November looks the same? Do you have the 48 month residual? Thanks
    LT Marks

    PS- not sure what the MSRP was because I don't see how that affects me, except for residual calculation. I usually start at invoice and work up.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I know what you are saying about the new 2005 Audi A6, gold233790. It is a fantastic car, but it's really expensive to lease right now, especially when compared to the amazing deals that were available on the previous version a couple of months ago. Let's take a look at the lease program for the Audi A4 instead. According to the latest information that I have seen, if you were to lease a 2005 Audi A4 3.0 Sedan with quattro through Audi Financial Services this month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00010 and 53%, respectively. Its numbers for an otherwise identical 39 month lease should be .00010 and 50%. Using these numbers, an MSRP of $41,460 and a selling price of $40,000, I estimate that this car will have a 3 year zero down, pre-tax lease payment of around $507. The payment for 39 months would be around $500.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello galant00. Unfortunately, I have not seen Mazda's current lease program for the car that you are interested in and as a result can not work up a sample lease payment on it for you at this time. I will do some research and see if I can find out what its program is like. Please feel free to check back with 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 for you. Talk to you then.

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