Lease Questions - Ask Here

CarMan@Edmunds · November 2004

You're welcome, siemon321. I am glad that I was able to help you out. Good luck and don't forget to come back and let us all know how everything turns out.

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CarMan@Edmunds · November 2004

Nice car, agillman. Mercedes-Benz never provides any sort of lease support on AMG models. So if you were to lease a 2005 E55 through Mercedes-Benz Credit Corp., you would have to use its standard lease money factors. The last time that I saw it, its base standard lease money factor for consumers who qualify for its top credit tier was .00310 for both 3 and 4 year leases. Its 3 year, 12,000 miles per residual value for this car is currently 57% and its 4 year residual is 51%. Its 10,000 miles per year residual values are 1% higher.

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CarMan@Edmunds · November 2004

Greetings John. Let's take a look at this car's current lease program for you. If you were to lease a 2004 Pontiac GTO through General Motors Acceptance Corp. this month for 3 years with 15,000 miles per, its base lease rate and residual value should be 3.5% and 53%, respectively. The numbers for an otherwise identical 4 year lease should be 3.5% and 45%. Its 12,000 miles per year residual values would be 3% higher. Using these numbers, an MSRP of $33,100 and a selling price of $27,800 (invoice - the $3,500), I estimate that this car has a 3 year, 15,000 miles per, zero down, pre-tax payment of around $351. This payment would drop to $325 with only 12,000 miles per year. Its 4 year, 15,000 miles per payment should be around $334. It would drop to $312 with only 12,000 miles per year.

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CarMan@Edmunds · November 2004

I would be more than happy to work up a sample lease payment on this car for you, williee. If you were to lease a 2005 BMW 330Ci through BMW Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00120 and 58%, respectively. Using these numbers, an MSRP of $42,745 and a selling price of $42,245, I estimate that this car should have a zero down, pre-tax monthly payment of right around $566. If there is any competition for your business in your area, I think that there is a good chance that you will be able to negotiate a lower selling price than the one that this payment is based on. You may want to stop by the following discussion that appears here at Edmunds.com to see if any other community members are in the market for or have recently purchased this model and how much they paid or expect to have to pay for it: "BMW 3-Series: Prices Paid & Buying Experience".

BMW's current lease program is scheduled to run through January 3rd, so I don't anticipate there being much of a difference between leasing it now and at the end of December, other than the fact that dealers may be slightly more willing to negotiate at the end of the month and the end of the year.

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CarMan@Edmunds · November 2004

I am not surprised that the 2004 CLKs are gone for the most part, alex123. According to the latest informaiton that I have seen, if you were to lease a 2005 Mercedes-Benz CLK500 Coupe through Mercedes-Benz Credit Corp. right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be around .00295 and 60%, respectively.

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jnagle2 · November 2004

Car_man,

Thanks for all the advice you've given.

Do you have the lease numbers for the 2005 Altima 3.5 SE? The specific numbers that were quoted to me were $360/month for a 36mo/15k lease on an SE priced at 24500 with around a 14500 residual value. No money down, just first months payment.

I appreciate any help.

Jonathon

kyfdx · November 2004

Car-man.. Can you help this poster out with money factors and residuals? Thanks!!

MSRP is $41,695...assume 36 month lease.

(quote)Hello,

Wonderful forum! I was wondering if anyone here has any experience with dealers in SF bay area. I am looking to lease a 2005 325xiT in November. After a bit of research online and on Edmunds the invoice for the follwing car (including destination chrage) comes to $38,170. Can anyone advise me on what I should expect to pay monthly with minimum down payment and 15K/yr lease?

Metallic paint
Premium Package
Cold Weather Package
Sports Package
Navigation System
Xenon lights
HK Soundsystem
Full size spare

Thanks much for your help.

KK (end quote)

warpack · November 2004

Carman,
Can you give me the money factor and residuals for a A4 1.8t, A4 1.8t w/quattro both for 36 and 39 months.

Thanks!
John

cmc540 · November 2004

Car-man. Two different F&I guys have given me multiple rates on a C55 lease, leading me to believe neither is giving me the whole story. Will you please give me the current MB rates and residuals for a C55 lease? Thanks for your help.

sandyl · November 2004

car_man, you have been very helpful! one more question, on the 2005 passat GL, what is its money factor and residual?

I have a feeling that I am going to end up with the Altima since the lease deals are so good.

sandy

CarMan@Edmunds · November 2004

You weren't kidding, kzybulew, that was one long post

. You are correct, the 2005 model year is the last year for production of the Audi allroad. I believe that it will eventually be replaced by Audi's new SUV and a redesigned A6 wagon. It is difficult to say whether the lease program on this model will improve significantly in the coming months. This is a slightly different situation than when Audi provided an extremely attractive lease program on the 2004 A6 to help unload them before the redesigned 2005 model was introduced because there will not initially be a replacement for the allroad. I am not saying that this will definitely happen, but the demand for relatively popular models that will be at least temporarily discontinued often increases. If I had to make an educated guess, I would say that Audi will not enhance its lease money factors on the allroad until the beginning of next year. At that time, the allroad's residual values will fall. Whether Audi's enhancement of this model's lease program is enough to completely offset the residual drop and actually lower its payments is difficult to say. Audi Financial Services base lease money factor for consumers who pay a security deposit is currently .00085 for the length lease that you are considering. AFS will waive its security deposit requirement in exchange for an increase of .00015 in a vehicle's money factor. The dealer that you are working with may have been quoting you the money factor including a security deposit waiver. The selling price that you were quoted looks good to me. As long as it includes a security deposit waiver, the money factor does as well. As such, I don't see any reason not to lease this vehicle if you are ready to and enjoy driving it.

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multiplechoice · November 2004

Hi Car_man,

I have a friend who is interested in the new LR3 HSE. We are looking for the numbers for a 15K/yrm, 36mo lease (southern california). Thanks!!

isingh · November 2004

Hi Car Man:

Could you please reply with the money factors and residuals for a Mercedes Benz E320 - MSRP around 51K in San Jose, CA for the following:

10K/yr - 36 Mths
10K/yr - 39 Mths
10K/yr - 48 Mths

12K/yr - 36 Mths
12K/yr - 39 Mths
12K/yr - 48 Mths

Also, have you seen the acquisition fees being negotiated for Mercedes leases? How much should I be expecting to pay for acquisition fees?

Thanks for the great service.

alex123 · November 2004

Car_man, what are the current 530i and 540i numbers for 36/42 month 10k /12k miles
Thanks

jim53 · November 2004

Thanks Car_man. I was given a money factor of .00222 and a 56% residual for 39 months on the 2005 RX330. Is it possible that they are quoting a 3rd party finance company? Also, I thought most finance companies used the same residual percentage for the 36 and 39 month terms. Is this not the case with LFS?

kn22305 · November 2004

I'm thinking about leasing a 2004 Saab Arc (automatic) w/ no down payment. This is what the dealer quoted me. I have no idea if this is a good deal??

2004 Saab 9-5 Arc Auto
M.S.R.P.$36,645.00
Lease price $27,477.00
36 months
10,000 miles a year
Monthly Payment $414.74

$414.74 first payment
$60.50 VA registration
$824.31 VA tax
$1,299.55 = total due at signing
Buy out price at the end of the lease guaranty at $15,024.45
Charge over mileage is 0.20 cents per mile

cjsm · November 2004

Please advise on the following:
42 month lease
15000 mile/58% residual
$1999 cap cost reduction
due at signing- 1 month payment, security deposit, cap cost reduction, acquisition fee
Am I an idiot?

leeshuck · November 2004

Thanks for the reply Car_man.

Here is info I received from one Audi dealer:

The S4 with options I desire has an MSRP of 51,555 and adjusted selling price in accordance with the Audi special of 50,481.02 (she said she used the MSRP of the Audi provided in the lease program example and the program selling price, then applied the same discount/percentage to the vehicle I want, which has a few more options).

The money factor is .00055 if a security deposit of $575 is collected. If security deposit is waived the money factor is .00070. This waiver applies only to current Audi or VW Financial customers I am told, so I guess that would not apply for me.

For a 15k/miles year 42 month lease the monthly payment would be:
561.52 plus tax.

Total "drive offs" including security deposit of: 4,738.20. which as I understand it includes the "acquisition fee" of 575.00 plus one lease payment. There is a $350 "turn-in" charge at the end of the lease. On the Audi site one of the conditions cited for the example quoted price is: "Required dealer contribution could affect final negotiated transaction." What does that mean?

How does that sound to you?

Do I need any other info or clarifications (like the residual %/amount)?

Should I be able to negotiate a better deal?

Thanks,

Lee

CarMan@Edmunds · November 2004

Hi gpv. While Honda used to publish different lease money factors for residents of New York, it no longer does so. The only difference between leasing a Honda through American Honda Finance Corp. in New York and the rest of the country now is that in New York, its normal lease acquisition fee of $595 is increased to $1,095.

Regardless of the length of the lease that Honda is advertising on the 2005 Pilot, you are free to lease it for however long you want. Of course, doing so will have an impact upon its monthly payment. If you were to lease a 2005 Honda Pilot EX RES through AHFC right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00149 and 62%, respectively. Using these numbers, an MSRP of $33,620 and a selling price of $31,242 ($1,000 over invoice), I estimate that this truck would have a zero down, pre-tax monthly payment of around $367. If you were to lease it for only $500 over invoice, the payment would drop to around $352.

I advise against using any money from your trade as a capitalized cost reduction on this lease. 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 Pilot would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.

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CarMan@Edmunds · November 2004

Hello ltmarks. Infiniti's lease program for this model is different this month. If you were to lease a 2005 Infiniti FX35 AWD through Infiniti Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00163 and 58%, respectively. The numbers for an otherwise identical 4 year lease should be .00163 and 51%.

The MSRP is an important number to know because without it, one really can't calculate a sample lease payment.

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CarMan@Edmunds · November 2004

You're welcome, Jonathon. Here is the information that you are looking for. If you were to lease a 2005 Nissan Altima 3.5 SE through Nissan Motor Acceptance Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00235 and 50%, respectively. I would be more than happy to work up a sample lease payment on this car for you, however in order for me to do so I need you to provide me with its full MSRP.

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CarMan@Edmunds · November 2004

I sure can, kyfdx. According to my calculations, if this individual was to lease a 2005 BMW 325xiT with an MSRP of $41,695 and a selling price of $39,170 ($1,000 over invoice) through BMW Financial Services this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $526. Of course, the exact selling price that is negotiated on this car will have an impact upon its payment.

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CarMan@Edmunds · November 2004

Here you go, John. If you were to lease a 2005 Audi A4 1.8t without 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 .00069 and 56%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00069 and 53%. If you were to lease a 2005 Audi A4 1.8t 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 .00049 and 57%. the numbers for an otherwise identical 39 month lease should be .00049 and 54%.

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CarMan@Edmunds · November 2004

Hi cmc540. Mercedes-Benz never provides any sort of lease support on AMG models. As a result, if you were to lease one through Mercedes-Benz Credit Corp. right now, you would have to use its standard lease money factors. Its standard factor varies depending upon what credit tier one qualifies for. The last time that I heard it, its base standard factor for consumers who qualify for its top credit tier was around .00310 for 36 month leases. Its 36 month, 15,000 miles per residual value for the 2005 C55 is currently 54%.

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CarMan@Edmunds · November 2004

No problem, sandyl. If you were to lease a 2005 Volkswagen Passat GL 1.8T Sedan through VW Credit this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00092 and 53, respectively.

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CarMan@Edmunds · November 2004

Hey multiplechoice. As one might expect with a brand new model like the LR3, even one that is inexplicably much more expensive than the model that it replaces like this one is, Land Rover is not currently providing any sort of lease support on it. If your friend was 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.

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CarMan@Edmunds · November 2004

Hi isingh. Mercedes-Benz Credit Corp.'s current lease acquisition fee for residents of your state is $795. Individual dealers do not have any authority to waive or lower this charge. They only way to get out of paying it at lease signing is to roll it into your vehicle's capitalized cost. If you were to lease a 2005 Mercedes Benz E320 through Mercedes-Benz Credit Corp. this month for 36 months with 12,000 miles per, its base lease money factor and residual value should be .00235 and 60%, respectively. The numbers for an otherwise identical 39 month lease of this car should also be .00235 and 60%. The numbers for an otherwise identical 48 month lease of it should be .00235 and 52%. If you were to lease it with only 10,000 miles per year, its residual values would be 1% higher.

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CarMan@Edmunds · November 2004

Hey alex123. If you were to lease a 2005 BMW 530i through BMW FS this month for 36 months with 12,000 miles per, its base lease money factor and residual value should be .00150 and 62%, respectively. The numbers for an otherwise identical 42 month lease should be .00150 and 56%. If you were to lease a 2005 BMW 545i through BMW FS this month for 36 months with 12,000 miles per, its base lease money factor and residual value should be .00150 and 60%. The numbers for an otherwise identical 42 month lease should be .00150 and 56%. If you were to lease either of these cars with only 10,000 miles per year, their residual values would be 1% higher.

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CarMan@Edmunds · November 2004

You're welcome, jim53. It is very possible that the dealer that you are working with is quoting you a lease program for a bank other than LFS on an unsupported vehicle like the RX 330. I would not be surprised if one was able to lease this truck for less through an independent bank at this time. Most banks do not use the same residual values for 36 and 39 month lease terms. A few captive finance companies, like Mercedes-Benz Credit Corp. to name one, run specials that allow the use of 36 month resids for 39 month terms from time to time, but this definitely not that common.

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djdez · November 2004

Hello Car_man ... you would think I work for Infiniti the way I try to promote this car !!! Anyway, my friend's lease is about to expire and he always asks about my car (the M45) and if he'll ever be able to get a lease deal like I was able to get last year.

Well, I know that there IS a $4000 dealer cash incentive available right now on remaining '04s .. and there's still some left at my dealer. But, regarding a lease deal, what is the money factor and residual on this car for a 36, 39 or a 42 month lease ... last year on my '03 it was a very attractive .00047 MF and a 51% residual on a 39 month lease .. any chance it's similar to that this year ? And, can the $4000 dealer cash even be used on a lease, or a purchase only ??

He's currently torn between the new RL (which is WAY too expensive to lease right now) and the M45 ...

THANKS AGAIN Car_man, your help is ALWAYS appreciated !!!

CarMan@Edmunds · November 2004

Greetings kn22305. Let's work up a sample lease payment on this car using Saab's actual lease program and see what we come up with. According to my calculations, if you were to lease a 2005 Saab 9-5 Arc with an MSRP of $36,645 and a selling price of $27,477 through Saab Financial Services Corp. right now for 3 years with 10,000 miles per, your zero down, pre-tax monthly payment should be right around $294. As you can see, something definitely does not add up here. The selling price that you were quoted looks to be a little on the low side. It is over $9,000 below this car's full MSRP, but there is only $3,000 lease cash and a less than $3,000 difference between this car's full MSRP and dealer invoice prices. Perhaps there was some sort of miscommunication about the car's selling price.

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CarMan@Edmunds · November 2004

You're definitely not an idiot, cjsm. An idiot would have gone into the first dealer that they saw and blindly signed a lease agreement. You are being careful and researching your lease. That makes you pretty smart in my book. I would be more than happy to give you an idea of what the lease payment should be like on this truck. However, in order for me to do so , I need some additional information from you first. This info includes the exact trim level of the model that you are getting, i.e. a 2005 Pilot EX with navigation, this car's full MSRP, and its selling price. The selling price is is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment.

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soccerpws · November 2004

The only difference between leasing a Honda through American Honda Finance Corp. in New York and the rest of the country now is that in New York, its normal lease acquisition fee of $595 is increased to $1,095.

OUCH!!!!!!!!!!!

Now I know why I couldn't negotiate the fee down on my Accord lease I signed Tuesday in NY.

CarMan@Edmunds · November 2004

You're welcome, Lee. "Required dealer contribution could affect final negotiated transaction." means that in order to arrive at the monthly payment that Audi is advertising the dealer must discount the car by a certain amount. It has been my experience that most manufacturers' advertised lease payments usually leave a little meat on the bone so to speak. This means that I would not be surprised if you were able to negotiate a lower selling price that the one that is being used in this ad if you were to shop around a little bit. There is no guarantee that this is the case, but I suspect that it is. The lease money factor that you were quoted is right in line with AFS base factor for this car. The main problem that I have with this deal is the large amount of money that is requires at lease signing. If I recall correctly, a capitalized cost reduction of $1,995 is required to arrive at the lease payment that Audi is currently advertising on the '05 S4. 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 S4 would be exactly the same, regardless of whether you had put $1,995 down, or had made absolutely no down payment at all.

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CarMan@Edmunds · November 2004

Yep it stinks, soccerpws. It's those darn vicarious liability laws that exist in your state. Grrrrrr.

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soccerpws · November 2004

I just made a deal for an Accord EX-L 4cyl sedan Auto w/o Nav.

Price: $22,969 (dealer says invoice + $300)
Documentation & Fees: $1,065 (this is NY where the minimum Acquisition fee almost everywhere is $800  I probably got taken here for about $200)
Total Price (including all fees except tax): $24,034
Residual: 54%
MF: .0022 (5.28%)
Term: 42 Months
Leasing Company: American Honda
Monthly payment: $331.53 + $28.18 sales tax (8.5%) = $359.71
No Security Deposit
Traded in a 94 BMW 325i for $4000. Getting a check from the dealer for $3,640.29 (had to pay the 1st months payment up front.

I really didnt shop around much. I just went to 1 other dealer and got a decent price from him after negotiating a bit. My problem with them was their unwillingness to disclose how they came to the numbers and only focused on a monthly payment.

So, I cold called the salesperson at Huntington Honda (Long Island, NY) I bought my 2003 CR-V from in August 2003. He treated me well last time (I bought it the Friday of the blackout in the NE when a lot of people didnt have power). I told him what I wanted and had to trade in, and that I wanted all of the numbers ready when I walked in. He showed me the numbers to do the calculations with, and had me work with his manager to get to the above figures. These prices are about $800 lower than the first dealer.

Picked the car up last night. Graphite Pearl, grey leather interior. Im happy with the deal. I haven't seen the car in the daylight yet, and probably won't until the weekend. :-((

Thanks to:
Car Man (Lease Questions) for the MF and residuals.

Terry aka rroyce10 (Real World Trade-In Values) for a great assessment of my trade-in, which allowed me to manage my expectations of what it was worth and what I would get for it.

All the forum hosts for trying to keep everyone on topic. :-)

. . . and to everyone else for posting their experiences.

CarMan@Edmunds · November 2004

Hey djdez. You're like the "unofficial spokesman" guy in the Wendy's commercials

. Your friends better act fast because the completely redesigned M45, which I had an opportunity to check out at the NYIAS and it was fantastic, will be arriving in the near future. Infiniti is providing $4,000 dealer cash on its remaining '04 M45s, but only $2,000 of it may be used on Infiniti Financial Services leases. This car's money factors are higher right now when they were when you leased. If you friend was to lease an '04 M45 through IFS right now for 36 months with 12,000 miles per year, its base money factor and residual value should be .00134 and 51%, respectively. The numbers for an otherwise identical 39 month lease should be .00135 and 50% and the numbers for a 42 month lease should be .00136 and 48%.

The new RL is definitely a sweet car and it has AWD which is an advantage over the M, but you're right it is way too expensive to lease right now. Give it some time and it definitely will have lease support available on it.

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CarMan@Edmunds · November 2004

Congratulations on your new car, soccerpws. Thanks for taking the time to come back and let us all know how everything turned out. Enjoy!

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sandyl · November 2004

thanks again! by teh way, the nissan dealership
last night did not agree with your money factor
on the Altima S. I also take it that the cash
back they are offering cannot be used with the low money factor you quoted --.00096.

Based on their numbers on my camry with 2 payments left though, I may be OOL though.

sandy

gold233790 · November 2004

Car man-

I'd like to receive some lease info on the 2005 Infiniti G35x. I'm also looking at the A4, but the wife really loves the G35, so that may be where we end up

Anyway, here is the offer-

'05 G35x
Nav, XM, premium, wood-

MSRP of $39.130.
Sales price of $37,500

Looking for 36 months, 15k miles. Are we able to up the mileage to 18k? I will be at or slightly above the 15k mileage limit, but for business purposes I need to lease. How does that affect the residual, MF, etc?

If I were to lease for 39 or 42, what does that do to the res. and MF?

Thanks!

CarMan@Edmunds · November 2004

You're welcome, Sandy. You are right the $1,000 customer cash that Nissan is providing on the 2005 Altima can not be used in conjunction with Nissan Motor Acceptance Corp.'s special lease program.

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CarMan@Edmunds · November 2004

Hey gold233790. Let's take a look at the lease program for the car that you are interested in. According to the latest information that I have seen, if you were to lease a 2004 Infiniti G35x through Infiniti Financial Services this month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00215 and 57%, respectively. The money factors for otherwise identical 39 and 42 month leases would be exactly the same, but the residual values would be 56% and 54%.

Let's work up a couple of sample lease payments on the car that you are interested in for you. Using the above numbers, an MSRP of $39,130 and a selling price of $37,500, I estimate that this car has zero down, pre-tax payments of $551 for 36 months, $528 for 39 months, and $516 for 42 months.

15,000 miles per year is the highest number of miles that IFS publishes residual values for, but you may be able to purchase additional miles on top of the 15,000 at lease signing for less than you would have had to pay for them had you waited to pay an excess mileage penalty at lease-end.

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gold233790 · November 2004

You indicated an '04 G35x. Are those #'s '04 or '05? Thanks again car man.

jkloss · November 2004

What would the the current money factor and lease residuals be for 36, 39 and 48 months be.

briegel · November 2004

Hi again, Carman! My daughter is now interested in the Toyota Corolla S and LE 4-doors with automatic and the Mazda 3 4-door with automatic. Could you please give me the MF and residual numbers for these cars for a 36-month lease at 12,000 and 15,000 miles/yr? Thanks again for all your help!

islongisland · November 2004

Hi Car_man,
Thanks for your help. Here are the details:

$34,644 is the selling price (I believe this is cost to the dealer also, they made a mistake with the deal).
12000 Mile Lease
42 Months
$367.00 per month
$3098.00 down (includes Suffolk County NY tax 8.5%, security deposit, $795 aquisition fee, first month's payment, license, etc)

The car includes:
Murano SE 2004 AWD
SE Touring Package (includes Premium package)
Dynamic Control Package
Mobile Entertainment System
Sunroof
Cargo Area Protector
Floor Mats
Splash Guards
Sunroof Wind Deflector

Thanks for your help!!!

denverg35 · November 2004

VW is advertising a $699/mo lease on a base V8:

$300 cap cost reduction
no deposit or acquisition fee
36 months
10,000 miles per year
MSRP $64,600
Resid 56.6%

Carman, is this a good deal? It is less than 2005 A6 or RL, and much nicer car

cjsm · November 2004

Thanks CarMan-
I have the additional information regarding the 2005 Pilot EX w/o navigation I am looking at:
MSRP $30435
Selling Price $29400
Any further advice would be greatly appreciated
Thanks!

belle · November 2004

Hi Car Man; What are the repercussions of not finding my Acura 2002 RL lease agrement? Blame the Hurricanes.The car is "fine" though with minor damage i.e. only scratches to be fixed on December 6th+ Yet the adjustor "missed" some spots and has to be called back in during the car's stay at the shop to "see" those and approve that he missed them and can be fixed under coverage.BUT that places me INSIDE the sixty days limit -prior to lease end in which to have an inspection for the car's return. Lucky for me I love my RL and think better to purchase it. My previous was an Acura Legend I kept for over ten years. But for business it is best to lease. So i am at a quandry.the 533.00 payment is easy and the new leases are higher or so I think plus returning my RL might be costly - It will have crossed the 30,000 miles by Monday,and they might deduct for tires and then to put money out for another lease initiation is too much cash outlay.I could buy and keep it for three or five years of the loan term- but if i do, i do not want to pay top dollar for the car. The only inside repair needed is to the sunglasses compartment- unless they inch through the sandy color leather. The navi is working etc. About a year into the lease i was ready to buy it but was persuaded to stay on the lease.This is a 39 month lease at 15,000 miles pr yr. I am leaning towards buying it. Now i want advise to do wisely and come out ahead either way.

arewhyinoh · November 2004

Car_Man: Looking into a lease on this vehicle. Was wondering what you are seeing for residuals and money factors for 36 and 39 month terms with 15k miles/year. Thanks!

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