Lease Questions - Ask Here

cannga · November 2004

Hello Car_man:

I've just been referred to this great site. I have done a search and still have a question please.

The car I would like to lease is 2005 BMW 545i, annual mileage 10,000, duration of lease is 36 or 48 months (have not made up my mind yet).

I've seen your quote for 36 and 42 months (Still hold true? 36 months /10,000 miles is .00150/61%, 42 months is .00150/57%??)

Would you please quote me the money factor and residual for 48 months, 10,000 miles per, 2005 545i? And confirm the quotes for 36/42 months?

Also, I've been told there is a fee of 1% of MSRP for advertising that adds on to the Invoice. Is this correct?

Thanks and regards,
Can

4thbmw · November 2004

Rough numbers on a 2005 BMW 545 lease:

msrp - $64740
trade in allowance on 2003 M3 - $40,000
owe $44,200 on M3 (difference added to capitalized cost)
add in taxes, title and fees and total cap. cost is $70,200

no money down, no security deposit, 36 mo, 15,000 mi
$1,110 per month
58% residual .0019 money factor
I have average, not excellent credit

Comments?

CarMan@Edmunds · November 2004

Hello racingjay. $4,000 is a lot of negative equity to bury in a lease, especially on a brand new vehicle like the redesigned Pathfinder. A typical base '05 Pathfinder has a spread of less than $2,000 between its full MSRP and dealer invoice price and most banks only allow consumers to finance a certain percentage of vehicles' full MSRPs, either 100%, 105%, 110%, etc, so I doubt that you will be able to bury all of your negative equity in your lease. I would be more than happy to try to see what your payment would be like on this truck assuming that you could roll all of your negative equity into your lease, but in order for me to do so, I need you to tell me this vehicle's full MSRP. Let me know and I will estimate a payment for you.

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CarMan@Edmunds · November 2004

Thanks denverg35. I would be more than happy to help you out, but in your post you stated " would like the MF and resid [12k/year] for the current 42 month Audi 2005 Lease program.", never mentioning which model you are interested in checking out the lease program for. Let me know which car you want and I will try to give you an idea of what its current program is like.

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CarMan@Edmunds · November 2004

Hi alex123. A couple of years ago, BMW Financial Services' multiple security deposit program was outstanding. Since that time, it has cut back on the deduction that it provides for each additional deposit and reduced the total number of deposits that lessees can make on vehicles. I don't remember the exact deduction that BMW FS currently provides for each additional deposit, perhaps someone else out there knows, but I believe that it is .00010.

BMW is currently providing special lease money factors on all 2005 5-Series models. If you were to lease a 2005 530i through BMW FS right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00150 and 62%, respectively. The factor for an otherwise identical lease with only 10,000 miles per year would be the same, but the residual value would increase to 63%.

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CarMan@Edmunds · November 2004

You're not bugging me at all, briegel. You're right, Lexus introduced its December to Remember promotion a little early. This is a great time for anyone who is interested in a Lexus model that does not normally receive any sort of support to lease. A couple of months ago, I noticed that Lexus Financial Services introduced a new Tier 1+ credit tier that provides slightly lower money factors, I believe .00010 lower, than its regular Tier 1 provides. According to the latest information that I have seen, if you were to lease a 2005 RX 330 non-nav AWD through the December to Remember promotion, LFS' Tier 1 base lease money factor and residual value for a 3 year, 15,000 miles per lease should be .00165 and 57%, respectively. Its factor for a 12,000 miles per year lease would be the same, but its residual value would increase to 59%.

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CarMan@Edmunds · November 2004

Greetings allisonk. Let's take a look at this deal. The lease money factor that you were quoted is right in line with Saab's base factor for this car. This is a good thing because it means that the dealer that you are working with is not trying to mark-up Saab's base lease program on you. In order for me to give you a good evaluation of the deal that you have been quoted though, I really need to know this car's full MSRP. I need this number for two reasons. The first is that it will enable me to tell what sort of a discount you are being given on this car. The second is that I can not calculate a lease payment on this car without it. Let me know the MSRP and I can provide you with a more detailed analysis of this deal.

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CarMan@Edmunds · November 2004

Thanks for the additional informaiton, Sandy. If you were to lease a 2005 Chrysler Pacifica Touring 2WD with the 26S quick order package through Chrysler Financial right now for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00038 and 61%, respectively. When negotiating this model's capitalized cost, keep in mind that DaimlerChrysler is providing $2,000 lease cash plus another $1,000 for vehicles financed or leased through Chrysler Financial for a total of $3,000 that will help you to get it for an attractive price. While DCX did introduce a holiday cash bonus on certain models, I do not believe that the '05 Pacifica is one of them. This again is probably nothing more than your dealer trying to give you a false sense of urgency to sign a deal for this vehicle ASAP.

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CarMan@Edmunds · November 2004

I am glad to see that you enjoy this forum so much, ericdkauff1. Starting in the beginning of November, DaimlerChrysler stopped providing lease support on the 2004 Jeep Grand Cherokee. As is often the case with models at the end of the model year, it the '04 Grand Cherokee's residual values were getting too low for it to provide attractive lease payments on it. It replaced the lease support that it was providing on this truck with dealer cash, specifically $5,500 dealer cash. If you still want to lease this truck through Chrysler Financial, this cash may be used in conjunction with its standard lease program. It does not appear to me as though this lease is being run through Chrysler Financial though because the residual value that you were quoted is much higher than CFC's is for this truck right now. I would not be surprised if the dealer that you are working with is running your lease of this truck through an independent bank, given the lack of lease support on it. As long as you make sure to use the $5,500 to negotiate a low selling price you should be fine. Given the fact that there is so much cash on this model, I would think that you should be able to get it for around invoice even with the $5,000 that is needed to pay off your current lease. Ideally, you would wait until you were closer to the scheduled end of your Audi lease to get a new vehicle but if you really have to get something new right now this would be a good way to get something new without having to pay your vehicle's negative equity out of your own pocket.

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CarMan@Edmunds · November 2004

Hello wesam. Infiniti is scheduled to publish a new lease program on December 1st. If you were to lease a 2005 G35 Coupe using Infiniti Financial Services' November lease program for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00215 and 61%, respectively. The numbers for an otherwise identical 39 month lease should be .00215 and 60%. Unlike Lexus' "December to Remember" promotion that I mentioned earlier, Infiniti's "limited engagement winter event" does not seem to be any more special than its normal incentives, at least as far as its 2005 models go. Infiniti really has not had to provide any sort of lease support on the G35 Coupe since it was introduced and it is not doing so right now. It is difficult to say what its December lease program for this car will be like, but if I had to make an educated guess, I would say that it will be very close to its current program, if not exactly the same.

If you lease the car that you are interested in from a dealer in Chicago and title it in Wisconsin, you will have to pay Wisconsin tax on it. I do not know exactly how sales tax is calculated on leased vehicles in Wisconsin, but you may be able to find out by visiting one of the following Web sites: Wisconsin Department of Motor Vehicles or Wisconsin Department of Revenue.

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CarMan@Edmunds · November 2004

I had a very nice Thanksgiving, other than the fact that I ate a little too much turkey

, thanks wasabi911. You are correct, Lexus finally did introduce its "December to Remember" promotion and it is a good thing that your mother waited to lease because its lease program on the 2005 ES 330 is much more attractive now than it was a month ago. If your mother was to lease a 2005 Lexus ES 330 without navigation through Lexus Financial Services in New York right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00145 and 57%, respectively. As far as Lexus Financial Services' lease acquisition fee goes, unfortunately because of the vicarious liability issues that exist its normal fee of $600 is increased to $1,250 in New York.

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CarMan@Edmunds · November 2004

Hi happy3. Honda's current lease program is scheduled to continue unchanged through the beginning of January. It is difficult to say whether it will make an unscheduled enhancement to its lease program at some point in December in an effort to boost its yearly sales total, but even if it was going to do so chances are that it will not introduce any sort of lease support on the recently redesigned Odyssey. If I was in the market for a new Odyssey, I probably would lease one now rather than wait until after the new year. If Honda does not introduce any sort of lease support on this van as I suspect will be the case, the only thing that can happen by waiting is that its residual values will drop, actually making it more expensive to lease.

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CarMan@Edmunds · November 2004

Hello gteach26. Wow, another Lexus question. It certainly looks as though Lexus is going to have a big December. Unlike many of the advertising campaigns that tout special holiday deals, Lexus actually backs up its "December to Remember" promotion with very attractive lease and finance rates. The LS 430, which normally does not have any sort of support on it at all has both special financing and lease rates available on it this month. Lexus Financial Services' 3 year, 12,000 miles per base lease money factor and residual value for the 2005 Lexus LS 430 Custom Luxury should be .00165 and 56%, respectively for consumers who qualify for its Tier 1 rates. In lieu of this special lease program, it is providing 3.76% financing for up to 5 years for Tier 1 customers.

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CarMan@Edmunds · November 2004

Yes, gold233790, caving in to intense pressure from dealers Audi finally enhanced its lease program on the 2005 A6. Audi Financial Services' current base lease money factor and residual value for a 3 year, 15,000 miles per lease of the 2005 A6 3.2 are .00140 and 55%, respectively. Using these numbers, an MSRP of $51,070 and a selling price of $49,250, I come up with a zero down, pre-tax monthly lease payment of right around $697, which is still pretty high, but at least is lower than it would have been a few weeks ago.

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CarMan@Edmunds · November 2004

No problem, wing5nut. I am glad that I was able to help you out. Make sure to stop back and let us all know how everything turns out.

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CarMan@Edmunds · November 2004

I am sorry to hear that you feel as though you are paying more for this truck than you should have. It always pays to research any potential purchase or lease of a new vehicle in advance. Unfortunately, it is normally fairly expensive for consumers to get out of their leases well before the scheduled end of their contract. Not only will the bank that you are leasing your Grand Cherokee through require you to purchase it from them at a price that is likely higher than its current value on the open market, but they also may require to make all, or at least a significant portion of your remaining lease payments on it. As you can see, consumers are usually better off waiting until they are as close as possible to the scheduled end of their lease to try to purchase their leased vehicle. Unless you got the worst deal ever, you are probably going to be better off continuing to make your normal payments on this lease and chalk this whole ordeal up as a learning experience.

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CarMan@Edmunds · November 2004

Here is the information that you are looking for, Mark. If you were to lease a 2005 Honda CR-V LX 4WD (you never mentioned the specific trim level of the truck that you are considering, let me know if it is different) through American Honda Finance Corp. right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00250 and 59%, respectively. AHFC does not publish residual values for vehicles leased with more than 15,000 miles per year. If you feel as though you will drive more than this, you will have to purchase additional miles on a per-mail basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay an excess mileage penalty.

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CarMan@Edmunds · November 2004

I am glad to hear that you enjoy this discussion so much, Can. The lease program that I mentioned for the 2005 BMW 545i earlier is still good. While one can lease this car through BMW Financial Services for 48 months, it does not make any sense to do so because its special lease program is only good for leases of up to 42 months in length. If you were to lease this car for 48 months instead of for 42 months, its base money factor would jump from .00150 to BMW FS' standard money factor of .00240.

Many manufacturers pass on advertising charges to their dealers. When shopping for a new vehicle it is important to focus on the big picture, rather than letting dealers cloud things by mentioning all sorts of little fees. Concentrate on the total price that you are paying for this car in your negotiations. After all, if the dealer that you are working with gives you this car for the lowest out-the-door price, it doesn't matter how they break it down. If I was in your situation, I would comparison shop for total price quotes with several dealers in my area and go with the one that leases me this car using BMW FS' base lease program combined with the lowest selling price.

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CarMan@Edmunds · November 2004

Hi 4thbmw. Let me begin by saying that it appears as though the dealer that you are working with may be marking-up BMW Financial Services' base lease money factor for this car to add additional back-end profit to this deal. BMW FS' current base lease money factor for the 2005 545i is .00150. They only reason why this number should be higher is if you were to have your security deposit or acquisition fee waived. I would be more than happy to work up a sample lease payment on the car that you are interested in using BMW FS' base lease program for you, but in order for me to do so I need you to provide me with its full MSRP. Let me know and I will work up a payment for you.

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P.S. Given the fact that you are upside down on your current car and the fact that the M3 is such a neat vehicle, I personally would be inclined to hold onto your current car rather than spend $1,000 a month to lease a new 545.

racingjay · November 2004

Thanks for the insight. I was basing my lease calculations off of a unit with a 29,900 MSRP, and in a perfect world would not like to put any money down. I appreciate your help in calculating this payment.

Thanks again!
Racingjay

mellis · November 2004

Car_man:

Thanks for the quick reply. The trim level my brother is looking at is the EX 4WD. Does this make a difference in money factor or residual?

Also, do you know what the std per mile charge is for Honda for additional miles? Thanks!

Mark

denverg35 · November 2004

Sorry, Car-Man,

Am interested in the 2005 S4 sedan and the 2005 S4 Avant---am being told that there is a difference in MF and resids between the two

kyfdx · November 2004

I believe that BMW has cut the discount on their MSD program.

They now only allow 5 extra deposits, and each one only reduces the MF by .00005, for a total reduction of .00025

In the old program you could make 9 extra deposits, with each reducing the MF by .0001, for a total reduction of .00090

As you can see, it is almost not worth pursuing it any longer. It used to be a slam-dunk, if you had the extra funds available.

regards,
kyfdx

mellis · November 2004

Car_man:

Two other questions on the CRV EX 4WD:

- what is the std Honda acquisition fee (NH)?
- are there any special lease programs for the CRV?

Mark

lwhite · November 2004

Hello Car_Man

Thanks for reading my question. My 2002 BMW 525 is coming off lease in FEB '05 and I plan to order a new car in December '04. Can you tell me the base MF and residuals for December in the NYC area? I'm interested in 2005 X5, 525 and 530- all with 10k year and have been quoted .00170 and 63% on the 2005 525. I've read other threads that state BMWFS base MF on 5 series is .00150. Is my dealer adding to the back-end finance or am I misinformed?

Secondly, what incentives or waived fees does BMW offer returning lessee's?

Lastly, it looks like I will be 7k miles under my 30K mileage limit. What financial leverage might I possibly have with my dealer considering my current car is in excellent condition, low mileage, good color/ option package, etc? My buy out is $27,700 on a 2002 525 sport with 23K

Thanks for your reply.

pjo1966 · November 2004

I was presented w/ the following deal from a leasing company in Los Angeles:

2005 BMW 325i
Steel Blue Metallic
Premium (w/ black leather)
Automatic
Folding Rear Seats
Navigation
MSRP: $37,770

36mo/36,000 miles
Driveoff: $1403.70
Monthly: $487.67 (inc. tax)

It seems reasonable to me, but I wanted to double-check. I don't have the specifics about what MF and residual values he used, or what the final negotiated price was. It has every option I was looking for, and none that I didn't want. The color would not have been my first choice, but I can definitely live with it. Do the numbers add up?

toyotajim · November 2004

I have a 2001 Tundra Lmt w/ 27,000 miles. The lease began in 4/02. Should I shop around other Toyota dealers with this truck as a "trade in" for a newer model or should I attempt to sell the vehicle? The pay-off would be around $15,500(inc tax, title $ lic). What are tricks I should look for when returning the vehicle? I do not want a bill three months later for damages or wear. I want to stay w/ Toyota because of the quality and experiecnes with their products.

benny5 · November 2004

Car_Man,

Here's what a local So. Cal. dealer is offering:

MSRP = $34,940

Invoice = $32,604

$0 out of pocket

39 months = $449.42 + tax

Total Cap Cost = $32,229.74

Residual = 55% - $19,217

Money Factor = 0.002250

15k miles a year

ChryslerFinancial

Given the money factor and the fact there is $2500 cash from Jeep & Chrysler Financial, I think this is a lousy deal. Do you agree and if so, what are these or the 4x2's going for and what's the buy rate on the money factor?

Thanks!

(Duplicate post from Jeep section)

yeahdickey · November 2004

Greetings Car_Man,

I was just looking for a new car to lease and narrowed it down between the Infinti G35x and the Audi S4. I finally decided to take the Audi S4 because the deal seemed to good to pass up.

I took advantage of the low money factor .00055(which was mentioned earlier in the post)

Ultimately, I would like to know your opinion on my lease deal.

2005 Audi S4
MSRP: $51,470
Sold Price: $ 49,000
15K/year
42 months
$0 Cap cost reduction
$583 a month (excludes tax: Paying upfront for tax and bank fee etc.)

Thank you.

denverg35 · November 2004

Don't know about car-man's response, but can tell you that you beat my deal an hour ago by $700 on price

just wish I had looked at post before signing!

agree, as a former G35 owner, no contest between deals offered--my infiniti salesman could not believe the S4 deal

kzybulew · November 2004

Hi Car_man,
Just thought I'd "come back" and say thank you for all of your help and let you know that we just leased an 2005 Audi Allroad.

2005 Allroad Quattro 2.7T with Auto Tiptronic:
Premium Package
Cold Weather Package
Parktronic Rear Parking Assistance
XM Premium Audio Package
36 month, 15K, no cap cost reduction, gap insurance included
Agreed upon selling price: $43,686
MF: .00085
Residual: .56
Great buying experience at DCH Essex Audi in Maplewood, NJ. Couldn't have done it with out you!
kzybulew

chrism124 · November 2004

Car_man,

Can you provide me with lease information on both a v6 and v8 version of the Cadillac STS. The lease terms would be 3 yrs @ 15k per year.

Thanks,
Chris

yeahdickey · November 2004

Hey denverg35,

What part of the country do you live in?
Because I noticed from using CarsDirect that
the "Cars Direct Price" (which should reflect the target sale price) varies from Region to Region from $0 off MSRP - to - $2200 off MSRP.

I pick up the car next week, I am very excited.

4thbmw · November 2004

Car_man -

The MSRP is $64740.
Sale price is $63240.
M3 trade in $40,000.
M3 payoff $44,200.
No security deposit.
No money down.
First lease payment due at signing.
15,000mi/yr, 36mo.

I knew the money factor from BMWFS was .00150. I was worried that I would not qualify for the lease due to credit, so when they said .00190, I felt that was OK.

BTW - my wife hates the M3. Can't stand the ride. It is a great vehicle and I love driving it, but it is a problem when we want to take another couple out for dinner or go on a road trip. 2nd car is 99 4Runner that is home to 3 dogs. M3 was financed for 60 months @ 4.9%. Payment is around $1,000/mo.

mik100 · November 2004

hi,

the toyota dealership is offering me the following 36 month 12,000 miles per year lease through the toyota financial for a base model camry 4v sedan

msrp - 19,600
residual - 10,500
monthly including tax 6% - 220
out of pocket:
down payment - 1,869
acquisition fee - 400
registration - 300
documents - 99
first month 220
no security deposit
not sure about the money factor
no gap insurance

is this a good deal?

thanks

michael

golfgod2 · December 2004

Hi Car_Man,

I leased a CLK 320 about 7 months ago. Since then my job description has changed and I'm averaging about 22k miles per year (vs. the 15k I purchased). To me, the smartest move seems like I should find someone to take over my lease (2.5 years left/35k miles left/$559 payment) and then just buy a vehicle. Can you recommend an approach to find someone to take over my lease? Thanks!

CarMan@Edmunds · December 2004

You're welcome, Racingjay. Thank you for the additional informaiton. Let's calculate a sample lease payment on this truck for you and see what we come up with. According to my calculations, if you were to lease a 2005 Nissan Pathfinder SE 2WD with an MSRP of $29,900 and a selling price of $28,000 through Nissan Motor Acceptance Corp. in November for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $344 without any negative equity. If you were to roll the entire $4,000 that you are upside down on your current vehicle into your lease of this truck, which I highly doubt that you will be able to do, it would increase its payment to around $453. As you can see, these are the numbers for a lease through Nissan's November lease program. It is expected to introduce its new December program later on today. If you want to know what that program is like, please post a quick reminder in this discussion for me in a day or two and I will be more than happy to fill you in on what I know about it.

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CarMan@Edmunds · December 2004

No problem, Mark. I am always glad to help out. The money factor for a 2005 Honda CR-V EX 4WD should be the same, but the residual value for a 36 month, 15,000 miles per year lease is actually slightly better at 60%.

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CarMan@Edmunds · December 2004

Don't worry about it, denverg35. Audi Financial Services' base lease money factors for the 2005 S4 Sedan and S4 Avant should be exactly the same, but the Avant's 42 month residual value is 1% lower.

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CarMan@Edmunds · December 2004

Thanks for the info on BMW FS' MSD program, kyfdx. I remember that there were a lot of unhappy campers out there when they cut that program back. I thought that they cut the reduction from .00010 to .00005, but I wasn't positive.

On an unrelated, but still interesting side note, the deflation of the dollar has really been hurting foreign automakers' profits. It will be interesting to see if they can continue to offer aggressive incentives on vehicles if the dollar continues to fall. The auto market in this country is so competitive that they will probably have to suck it up so to speak and continue to offer healthy incentives on most models. I was actually joking with someone yesterday saying that the domestic automakers must be in cahoots with the government to lower the value of the dollar so that their foreign competitors can not afford to match their generous incentives offers.

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CarMan@Edmunds · December 2004

Hey mellis. I believe that American Honda Finance Corp.'s base lease acquisition fee is currently $595 in New Hampshire. The only states that it is higher than this are New York and Rhode Island where it increased it to $1,095 because of the vicarious liability laws that exist there.

Honda normally does not have to provide any sort of support on the CR-V and as usual it is not providing any incentives on it right now.

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CarMan@Edmunds · December 2004

You're welcome, lwhite. Here is the information for the vehicles that you are interested in. If you were to lease a 2005 BMW X5 3.0 through BMW Financial Services in December for 3 years with 10,000 miles per, its base lease money factor and residual value should be .00150 and 62%, respectively. The numbers for an otherwise identical lease of a 2005 BMW 525i or 530i should be .00150 and 63%. The only reason why these vehicles' factors would be higher is if you were to have their lease acquisition fee waived. I believe that BMW FS will waive this charge in exchange for an increase of .00015 in a vehicle's money factor. The only loyalty offer that I am aware of from BMW is that it waives its lease security deposit requirement for returning customers.

Unfortunately having cars that are under its allotted mileage limit and in excellent condition does not automatically entitle lessees to anything. The only way that you can take advantage of this situation is if your leased vehicle is currently worth more on the open market than it would cost you to purchase it from the bank that you are leasing it through. More often than not this is not the case. In order to find out if it is, place a call to BMW Financial Services, or whichever bank you are leasing your car through, and find out exactly how much money it will cost you to purchase it at lease-end. Keep in mind that some banks are occasionally willing to negotiate vehicles' lease-end purchase prices. There certainly is no guarantee that they will do so, but you don't have anything to lose by asking. Once you know what your car will cost, compare to what it is realistically worth on the open market. You should be able to find out its current value by stopping by the following discussion that appears in this forum: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, hangs out there and he is usually kind enough to give consumers who provide him with a detailed description of their vehicles his opinion of their current value.

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CarMan@Edmunds · December 2004

Hi pjo1966. You never mentioned the selling price of the car that you are interested in leasing. This 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. I would be more than happy to work up a sample lease payment on the car that you are interested in for you that you can use to compare to the payment quote that you have already received if you let me know what its selling price is.

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CarMan@Edmunds · December 2004

Hey benny5. The lease money factor and residual value that you were quoted to lease this 2005 Jeep Grand Cherokee are right in line with Chrysler Financial's lease program for it right now. As you can see, this truck's lease money factor is not all that attractive. The bulk of the lease support that is available on the '05 Grand Cherokee comes in the form of $2,500 total lease cash (a couple of offers have to be combined to arrive at this total). Taking this cash into account, I would think that you should be able to get this truck for at the very least $1,000 below invoice, and probably much lower than that if you shop around, so the selling price of this truck is probably not low enough for me to call this a good deal.

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CarMan@Edmunds · December 2004

Hi toyotajim. It sounds as though you are trying to get out of your lease early. When is the scheduled end of your lease?

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CarMan@Edmunds · December 2004

Hi yeahdickey. That's great that you were able to get the dealer that you leased your car from to use Audi Financial Services' base lease money factor to calculate your payment. This looks like a good deal to me. All of your research definitely paid off. Enjoy your new car, just don't enjoy it too much and get a speeding ticket

.

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CarMan@Edmunds · December 2004

You're very welcome, kzybulew. Thank you for taking the time to come back and let us all know how everything turned out. Not only do I enjoy reading how the advice that I dished out helped community members, but the details of your deal may help another who is in the market for a similar vehicle get an idea of what it will cost to lease. Enjoy your new ride!

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CarMan@Edmunds · December 2004

Greetings Chris. Here is the information that you are looking for. If you were to lease a 2005 Cadillac STS V6 through General Motors Acceptance Corp. right now for 3 years with 15,000 miles per, its base lease rate and residual value should be 4.75% and 55%, respectively. The lease rate for an otherwise identical lease of an '05 STS V8 would be the same, but the residual value would be 56%. Notice that GMAC publishes lease rates instead of lease money factors for vehicles. You can convert these rates into approximate money factor equivalents by dividing them by 2400. General Motors is providing $1,000 lease cash that will help consumers negotiate more attractive capitalized costs on the '05 STS in some areas right now. If you let me know where you live, I can tell you if you are eligible for this cash.

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galant00 · December 2004

hello carman. i am looking to lease either a g35 sedan or rx8 selling price of the g35 is 34,670 and selling for 31,270 plus tax and title. do u think this is good or should i go for lower price also how much would my lease payment be?

the rx8 is msrp 30,270 and selling for 26,600 plus tax and title. how much do you think my lease payment would be? i live in south carolina... thank you for all your help.

toyotajim · December 2004

From Toyotajim

The 3 yr lease is up in March 05. I just want to start early and be prepared because the dealers look out for themselves and not the customers. I periodically receive mailers about early lease returns and have preapproved financing ready to go. I am shopping for a double cab Tundra or Tacoma.

Thanks Toyotajim

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