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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jacqueusi. The salesperson who you spoke with is correct. DaimlerChrysler is providing $4,500 customer cash that may be used to purchase or lease a 2004 Dodge Durango. There is an additional $2,000 bonus on this truck for current DaimlerChrysler employees that apparently may be extended to you if you get one to "sponsor" you.

     

    As you are already aware, the selling prices of leased vehicles can be negotiated. However, one needs to know the full MSRP of a vehicle in addition to its selling price to calculate a lease payment on it. I would be more than happy to calculate a payment for you on this truck, but in order for me to do so I need you to tell me its full MSRP, including destination charges.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi fp2003mu. To get out of a lease well before its scheduled expiration date one has to purchase their vehicle from the bank that they are leasing it through. The problem with doing so is that the price that banks quote consumers to purchase leased vehicles is usually higher than their values on the open market. Furthermore, many banks require lessees who want to purchase their leased vehicles to make all of their remaining lease payments, in addition to paying its selling price. As you can see, getting out of a lease early often ends up being very expensive, especially a whole three years early like in your case. Your least expensive option is probably to continue leasing your vehicle until you are much closer to its scheduled end.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, shaker58. Here is the info that you are looking for. According to the latest information that I have seen, if you were to lease a 2005 Volvo XC90 T6 through Volvo Finance right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00134 and 61%, respectively. I do not believe that Volvo is providing any sort of lease support on 30 month leases of this truck, so leasing one for that long would be very expensive.

     

    Also according to the latest information that I have seen, if you were to lease a 2005 Land Rover LR3 HSE through its captive finance company right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00285 and 54%, respectively. I have not seen any info on a 30 month lease program for this truck.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're in luck, valleydriver. For the first time ever, this month Mazda has a special lease program on the Mazda3. I would be more than happy to give you an idea of what the lease program is like for this model right now, but in order for me to do so I need you to tell me exactly what model you want, i.e. Mazda3 i 4-Door, Mazda3 s 5-Door, etc..., how long you want to lease it for, and how many miles per year you need to be able to drive it. I do not believe that Mazda is providing support on 48 month leases of this car, but it is offering a special 42 month lease on it. Given the length of its warranty, I wouldn't have a problem if you were to lease one for that long.

     

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  • jacqueusijacqueusi Member Posts: 55
    Car_man,

     

    Thanks! I'm puzzled though, why MSRP instead of the negotiated price?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I sure can, scrapluv. OK, so you want to lease a 2005 Lexus RX 330 4WD with the Navigation package with an MSRP of $44,833, a selling price of $42,232, and a capitalized cost of $44,172 (this includes the acquisition fee and tax) through Lexus Financial Services for 4 years with 15,000 miles per, according to my calculations this truck should have a zero down, pre-tax monthly payment of around $598.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Jacqueusi, both are necessary to calculate a lease payment on a vehicle, but since you had already mentioned the selling price I only need you to provide me with the MSRP. You can find out more informaiton on exactly how lease payments are calculated and why one needs to know a vehicle's MSRP by checking out the following article that is available here at Edmunds.com: Calculate Your Own Lease Payment.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad that you have found my previous posts so helpful, beccag873. Thank you for providing all of the necessary information for me to evaluate this deal. Let me begin by saying that Volkswagen is providing $700 lease cash on the 2005 Jetta GLS 2.0L sedan this month. It is difficult for me to say exactly how close to invoice you are getting this car for, but given the typical spread between this car's MSRP and invoice prices I would say that you are probably getting it for right around invoice, or a little over. This is a reasonable price, but given the aforementioned cash incentive and the fact that the redesigned Jetta will hit dealers in the new future, I would not be surprised if you were able to negotiate a price that is a couple hundred dollars lower if you went through the trouble of shopping around with a few dealers. Again, this is a decent price, but it probably can be beaten.

     

    Let's work up a sample lease payment on this car to compare to the one that you were quoted. According to my calculations, if you were to lease a 2005 Volkswagen Jetta GLS 2.0L Sedan with an MSRP of $22,200 and a selling price of $20,499 through VW Credit right now for 4 years with 12,000 miles per, its zero down, pre-tax lease payment should be right around $214.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, lwhite. Using the numbers that you provided in your post, I came up with a zero down, pre-tax lease payment of exactly $597.37, which is what you were quoted by your salesperson. It definitely sounds as though he or she is being very straightforward with you. If you like the truck, go for it.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings mrmusicman. 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 if you let me know what its selling price is.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi sgsunny. I would be more than happy to work up sample lease payments on any cars that you are interested in for you so that you have an idea of what sort of monthly payment to expect. However, in order for me to do so, I need you to provide me with the MSRPs and selling prices of any vehicles that you are interested in. Always remember that the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. If you are not prepared to get this information from dealers yet, you can look up the MSRPs and Edmunds.com True Market Values for any cars that you are interested in by visiting the following section of this site: New Vehicle Pricing. You also should be able to get a good idea of what sort of price you should pay for your new car by visiting the following discussion: "Acura TL: Prices Paid & Buying Experience". Once you have an idea of these prices, let me know and I will tell you what you can expect as far as lease payments. Talk to you soon.

     

    Car_man

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  • hornfan1hornfan1 Member Posts: 2
    CARMAN:

     

    First time post and need your judgment on lease terms.

     

    2005 Audi A6. MSRP 47,770, Price 46,220

    Location: Texas

    They told me residual was 58%

     

    0 down and $745/mo for 36 months is the quote.
  • scrapluvscrapluv Member Posts: 12
    OK, If you factor in a cash cap reduction of $2,000, what does bring the payments down to? Is a .00145 money factor reasonable for the vehicle or should it be lower? Also, is the Adjusted Cap Cost the sum of of the BCC and bank fee?
  • jacqueusijacqueusi Member Posts: 55
    I just got back from the Dodge dealership. It all makes sense now. MSRP is used to calculate residual. Here I am thinking it's based on the negotiated price. Turns out the dealership was selling me a 2005 not 2004 Durango at $41,400 with a residual of .58 & money factor of .00157. The Buy price at the end of the lease was quoted at $24,012 which to me sounded like a very optimistic price, but hey that's to my advantage.

     

    I have some more digging to do. I believe the rebates drop down to $4,500 including employee sponsership. That was about the time the salesperson started to get a little contradicting. Anyhow, any assistance would be most appreciated. For now I'm getting a montly payment of $440.19 which is higher than what I was quoted.
  • sgsunnysgsunny Member Posts: 20
    Thank you, Car_Man for your response. I hope this info from Edmunds will better enable you to

    HELP me: 2005 Acura TL: MSRP $32,900 Invoice

    $29982 Nat'l TMV = $32559

     

    thanks again!!

     

    one dealership this AM informed me his offer is good only until Jan 3 b/c residuals/prices will

    change...??
  • kyfdxkyfdx Moderator Posts: 265,246
    sgsunny...

     

    1) Give Car-man the prices with destination fee included

     

    2) New residuals/money factors come out each month.... they might be able to guarantee the sale price of the car, but they can't guarantee what Honda Finance's numbers will be.. that dealership was being honest with you..

     

    regards,

    kyfdx

    (not the expert)

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  • sgsunnysgsunny Member Posts: 20
    thank you kyfdx...will do
  • jerseyaljerseyal Member Posts: 5
    CarMan:

     

    I'm in the market for a Mercedes SLK 350 and have gone on their website and have received a figure of about $717/month with zero down, using the base msrp of 46,220.

     

    I noticed that you advised that a Toureg in the neighborhood of 44,000 would cost 599.

     

    I was just wondering about the large discrepancy in payment amounts. (about $117)

     

    Is Volkswagen subsidizing the money factor?

     

    I've been told by a Mercedes Sales Associate that their money factor is .0031 .

     

    Also, does Mercedes offer a multiple security deposit program like BMW does to lower the money factor?

     

    Thanks in advance.
  • sgsunnysgsunny Member Posts: 20
    Car-Man, with a destination charge of $570, the

    numbers are as follows:

     

    MSRP $33470

    INVOICE $30552

    Nat'l TMV $33129

     

    thanks for your patience w/me....
  • vkjvkj Member Posts: 67
    car man,

     

    sorry left out the allroad model in my previous emails. Its a a 2.7t. looking at 36, 39 and 42 months. thanks
  • valleydrivervalleydriver Member Posts: 5
    wow, that sounds great.

     

    i'm looking at the Mazda3s 5-door. i know from the tips on leasing i should be flexible about the extras i'd like, but they are: ABS, moonroof, automatic transmission and leather seats; (also, the CA emissions package. i've got a few colors i'd go with. an i've

     

    i have 32,000 miles on my Volvo V40, which i leased in February of '01. so i think i'd look at 10k per year.

     

    how crazy is it to consider leasing it from an out of state dealer; (i live in CA). i looked at the car in WI where my mother lives and the dealer was more low-key than some of those i've encountered in CA
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    As they say on talk radio, welcome aboard, polyvw. I would be more than happy to help you out. According to the latest information that I have seen, if you were to lease a 2005 Lexus IS300 5-spd. through Lexus Financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00126 and 53%, respectively. Lexus is not currently providing any sort of lease support on 2 year leases of the '05 IS 300 or any leases of the '04 IS 300 so the lease programs for them would be much worse than the one that I provided you with above.

     

    If you were to lease a 2005 Audi A4 1.8T Sedan FWD through Audi Financial Services right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00069 and 67%, respectively. The numbers for an otherwise identical 3 year lease should be .00069 and 56%. If you were to get this car with quattro, its 2 and 3 year numbers would be .00049 / 68% and .00049 / 57%, respectively. Audi is no longer providing lease support on the 2004 A4 so its lease program for it is not very attractive.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Rob. The residual value that you were quoted is right on the money and the money factor looks about right as well. Highlander Limited models have residual values that are around 4% lower than base Highlander models.

     

    Car_man

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  • yazyaz Member Posts: 4
    My other consideration is a BMW 745. If I do decide to stay with the Lexus, is end of month (probably this Feb.) typically the best time to negotiate?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jhcolo. If you opt to use your GM Card points towards the lease of a new vehicle, they would act as if you were making a down payment. So for example, in $3,000 GM Card Earnings would act as a $3,000 capitalized cost reduction on this G6. Always remember that the selling prices of leased vehicles are negotiable. This means that you should negotiate as low as possible a price on the car that you are interested in and then have your GM Card earnings subtracted from that number.

     

    I would be more than happy to give you my opinion of this deal, but in order for me to do so I need you to tell me what this car's selling price is. Not only will this number tell me how much of a discount you are receiving, but it will also enable me to calculate a lease payment on this car.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'll certainly try, zanskar. In most areas of the country Lexus' December to Remember special lease money factor on the 2005 RX 330 is .00165 for leases of 36 to 48 months in length to consumers who qualify for its Tier 1 credit tier. In select areas this factor is enhanced to .00145 or so. The .00165 money factor is equivelent to an interest rate of around 3.96%.

     

    Lexus is also currently providing special financing rates on this truck. Specifically, its rate for Tier 1 customers is 3.76% for up to 5 years.

     

    Both the special financing and lease programs that are available on this model are attractive. You can't really go wrong with either one. Which ever one you choose though, you probably should finalize your deal prior to the end of the December to Remember program on January 3rd. There is a chance that Lexus will continue its support on this truck after that date, but there definitely is no guarantee that it will.

     

    Car_man

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello Zack. There is an excellent article here at Edmunds.com that outlines exactly how to calculate lease payments on vehicles. Click on the following link to check it out: Calculate Your Own Lease Payment. Let me know if you have any specific questions about how to calculate lease payments after you check it out.

     

    The money that you get from your trade could be used to pay the items that you have to pay at lease signing (first month's payment, security deposit, and acquisition fee), with the remainder used as a capitalized cost reduction. Having said this, you probably would be better off having the dealer that you are working with cut you a check for your trade rather than using the money as a cap cost reduction. I say this for two main reasons. The first is if your leased 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. Also, down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So regardless of whether you had made a down payment of several thousand dollars or had not made any sort of down payment at all, the vehicle that you want to lease would cost exactly the same to buy at the end of your contract.

     

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  • burpeyburpey Member Posts: 1
    WHAT DO YOU RECCOMEND LEASING IN THE $200-$350/ MONTH, 0 DOWN RANGE ( WHAT'S THE MOST BANG FOR THE BUCK?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome hornfan1. Let's work up a sample lease payment on this car using Audi's base lease program and compare it to the payment that you were quoted. According to my calculations, if you were to lease a 2005 Audi A6 3.2 with an MSRP of $47,770 and a selling price of $46,220 through Audi Financial Services right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be right around $618. As you can see, this is significantly less than the payment that you were quoted, probably even when tax is taken into account. I used a lease money factor of .00140 and a residual value of 58% to arrive at the aforementioned payment. Compare these numbers to the ones that were used to calculate your payment because something definitely does not add up.

     

    Car_man

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  • googlezgooglez Member Posts: 4
    The Sticker on the car was 55190 or so, i typedi n the wrong price initially. The final price we ended up with was 47283.

     

    The dealer was first askign for 4,000 down, with monthly payments that were a Tad hire than what i got.

     

    I asked him what he could do if i put another grand down, making it 5,OOO down.

     

    He said he'd give the car for $450 a month AFTER TAXES.

     

    The 4,000 down was about 450 before taxes. so 8.25 tax in california, 476.30 after taxes.

     

    487.125 x 39 = 18,997.875 +4,000 = 22,997.88

    450 x 39 = 17,550 + 5,000 = 22,550

    Oh, and he also threw in free clear all weather floor-matts.

     

    In the long run, ide end up saving about $440 and my monthly would be less. The 1,000 extra down isn't a big deal financially to me now, so i figured i might as well put the down now, so in case later on, hopefully not, i have any issues, my car payments will be less.

     

    Like i said, car was Pewter on charcoal.

    the sound system package

    navigation package

    complete leather package

    moonroof

     

    I just only wish it had xenons :(
  • zanskarzanskar Member Posts: 3
    Thanks for your reply. What is the residual value of this vehicle for a 36 month 12,000 mile lease? I live in California. Also, This vehicle doesn't have nav or dvd which I believe lower the residual value.

     

    Regards,

     

    Zanskar
  • sfcharliesfcharlie Member Posts: 402
    Is this a good lease deal?

     

    Price dealer asks for 2005 Prius = $23,676 (includes $2,075 AM option package)

     

    Capitalization cost quoted = $24,121

     

    Residual value quoted for 36 mos lease with 12,000 miles per year = $11,731.00

     

    Money factor offered = .0032

     

    Monthly rent charge = $114.73

    Drive-off downpayment = $712

    Monthly payment = $459 + tax
  • mabubbamabubba Member Posts: 53
    Carman,

     

    Can you give me the money factor, residual, and estimated monthly payment for a 36/39 month lease, 15k per year, $0 down, on a Pilot with MSRP of $32,635 and a selling price of $29,698?

     

    Thanks,

     

    mabubba
  • bigbig Member Posts: 1
    I've been following the advice I have gotten from this site and Forum and I'm ready to make my purchase. I have one question I'm looking at a 2005 H2 and have a few equipment add-ons. One dealer is offering me the car at 55,703 and this is the lowest offer I have gotten. It is just over invoice. After negotiating the price I asked him about the lease program he told me on the above price it would look like this.

     

    5000 down

    1,150 rebate

    lease factor 3.0

    monthly payment would be about $724.00

    for 36 months

     

    The other dealer has the same H2 at 56,800 and says he can't go any lower. His lease looks something like this.

     

    5000 down

    1,150 rebate

    lease factor 3.0

    monthly payment of $632.15

    for 36 months

    He also was nice enough to fax a copy of the lease worksheet.

     

    I'm trying to figure out why the lower deal has a lower payment also if this is a reasonable deal?

    Any help anyone can give me would me welcome.

     

    Thanks

    Big

     
  • hartthartt Member Posts: 79
    My Dad intends to lease a vehicle tomorrow. He has narrowed it down to an '05 F-150 XLT 4X4 or an '05 Dakota SLT Quad Cab 4X4.

    The local papers are running what appears to be attractive programs on both.

    The Dodge ad is for 24 months/24K miles for $199 a month with $1500 down. Am I correct to figure the payment will go up about $20-30 bucks with no money down?

    As for the F-150, they are advertising 24 months/24K miles for $299 with only first months payment and security deposit down.

    Can you tell me what the money factor and residual is for both of these vehicles for a 2yr. 24K mile lease?

    As always... thanks for the help.
  • tokytoky Member Posts: 9
    Almost there Car_man,



    Happy Holidays by the way!

     

    This is what I got so far and have put a deposit on it. Probably will be signing tomorrow if all is sound.

     

    2004 RX-8

    MSRP: $30,000

    Sell: $27,588 (Invoice)

    Incentives: $5,000 (including college rebate)

    Cap Cost: $22,588

    Money factor: 0.00295

    Term: 30 Months

    Miles: 15,000

    Residual: $17,400 (58%)

     

    Due at signing: $1,500 (includes all the tax,fees, 1st Mo., Security deposit)

     

    Monthly payment: $289

     

    Does this sound like a good deal... or can I do better?

     

    Kind regards,

    Joel
  • rnwrnw Member Posts: 6
    Car Man,

    I am considering signing a lease and would like your thoughts. The following are details:

    vehicle: 2004 Mercedes Benz E320 4Matic Wagon.

    MSRP: $58,000.

    Cap Cost quoted by dealer: $51,000.

    Money Factor: 2.65. 6.36% interest seems high.

    Down Payment to reduce Cap: $0.

    Total Down; 1st month lease & tags,reg.,etc.

    Dealer incentives: Edmunds quotes $4,500 total.

    Lease Payment: $699. including taxes.

    Lease Term: 39 Months, 12,000 miles per year.

    Since this is 2004, I would appreciate any thoughts on:

    Does this seem like a good deal?

    Should money factor be lower?

    Does Cap. Cost seem reasonable for a 2004 model?

    Better to buy now or defer until 2005? (1 day decision).

    This is my first time using this forum so I hope this information is sufficient for comments. Thank you for your thoughts.
  • jsyjsy Member Posts: 3
    Hi Car_man,

     

    Can you please give me the money factor and residual for a '05 Audi A4 Avant 1.8T, 42 months, 10k miles/year? Thanks in advance.

     

    John
  • whackedwhacked Member Posts: 14
    Hi Car_Man! I have learned a lot from reading your posts and I really appreciate what you do. I was hoping you could help me with my numbers:

     

    I live in the NYC area, and am interested in leasing an '05 Matrix XR w/ Side Air Bags (AT), or possibly an '05 Toyota Camry LE (AT) . I would greatly appreciate the Money Factor and Residual on these cars, and possibly a sample lease. (Looking for 12K, 36 months with $1000 down)

    MSRP of Matrix XR w/ SAB(and other options): $19,713 Quoted around $19000(could do better probably), $20515 MSRP of Camry and was quoted $18300 at a local dealer.

     

    Thanks in advance! :-)

    Mike
  • bigblueindybigblueindy Member Posts: 18
    Carman,

        I am in negotation with a local dealer on a Pilot EX and EXL. I am trying to decide which would be a better vale. I am looking at either a 36 or 42 month lease for both styles. I thought I have seen in this forum that the .00149 money factor is for both 36 and 42 month with 12K on the Pilot's right now? My dealer is telling me the only special is on the 42 month at a .00159 money factor for the 42 month/12K and not the 36/12K? Is he telling me the truth or trying to mark up the money factor since he is selling me the Pilot at invoice and make a little extra? I am wanting to deal today but want to know I am getting the right money factor to negotiate the best deal I can. Thanks for all your help.
  • hornfan1hornfan1 Member Posts: 2
    Carman, you stated above that a lease payment should be $618 on the Audi A6 lease, before taxes. Sales tax here is 6.25%, or roughly 2800 on a 48000 car. Other minor taxes apply. Seems like that would take payment to around 700, correct?

     

    Oh, and where can I find the money factor being used by Audi so I can use it to negotiate?
  • fja1fja1 Member Posts: 1
    I leased a new Honda Accord and picked up the car yesterday. This morning I was called from the Dealer who leased the car to me that the car was the wrong car and it needed to be returned. I never heard of such a thing. Is it possible that they could have given me the wrong car even after it was registered to me. Any information would be very appreciated.
  • therose400therose400 Member Posts: 20
    I was quoted the following lease from a dealer in S. Fla - 2005 Z4 w/Premium Pkg (manual trans): 39-month Lease, 12K/yearly, no down payment, $1,193 for tax, tag, etc. @ $469.57 + 6% tax = $497.74. It sounds like a pretty good deal to me. What is your opinion and what should the money factor & residual be?
  • gjmgjm Member Posts: 1
    Dear Car_man:

     

    I have been negotiating to lease a new 2005 BMW X5 3.Oi with moonroof, automatic trans., and leather seats. The terms are $43,560 sale price, 36 mos., 12K miles, 60% residual, around 4% interest(.0016 MF?), 5% sales tax(on sale price), and no processing fees. Out-of-pocket money is $3K with a $580 monthly payment.

     

    I thought the current MF was .00125 under these terms. Has BMW Financing Services changed their financing rate? Also, does BMWF normally charge extra for gap insurance?
  • arlodogarlodog Member Posts: 8
    My wife and I have a 2002 Volvo s60 under a 4 year lease due to expire in June of 06. This car has been nothing but trouble and has been in the dealers shop 15 times since we got it. I would very much like to get rid of it. What do you think my chance are of getting Volvo to let me out of the lease? And what stratagy should I use in attempting to achieve this? Neither I, and more so my wife feel comfortable driving this car anymore. Anyone have any help for me? Thanks
  • mabubbamabubba Member Posts: 53
    Bigblueindy,

     

    I have been trying to negotiate a deal below invoice in the Indy area and the closest I've gotten so far is 1% above invoice. Many deals are being discussed on the Pilot price paid forum for selling prices below invoice(700-900 below), however they are in Ohio and East coast states. I have been working on the selling price and haven't gotten to the financing part of the deal yet. Can you tell me what dealer you are working with?

     

    Thanks,

     

    mabubba
  • bigblueindybigblueindy Member Posts: 18
    I live in southern Indiana right outside of Louisville, KY. The dealer I am dealing with is Sam Swope Honda in Louisville. They seem to want to do the best deals in this area. I hope this helps.
  • jpljpl Member Posts: 36
    Hi: Looking to lease an 04 330ci, msrp is $43,200, looking for 42 mos., 12k. Being that this is now a 1 year old car, & the new remodeled "06"-3 series is a matter of 6 months from hitting the showrooms, how much should I expect the price of this car to have come down, so I do not overpay on the base price of the lease? Thanks in advance!!!

                                      jpl
  • lwhitelwhite Member Posts: 18
    Car_Man:

     

    The journey ended this morning by placing my order. Many thanks for all the great information you provide. You were correct- my salesman is very straight forward and honest- the reason I returned to him and probably why he(not the dealership- mind you) moves 175 BMW's/ year- from a relatively small dealership.

     

    The lease details:

    2005 X5 3.0 sport

    MSPR $54,570.00

    Cap $51,000.00(800.00 over invoice + 200 ad fee)

    0 down

    0 security

    550.00 security refunded from previous 525 lease

    NYC fees/taxes up front

    10K/ 36 month

    MF.00125

    61%

    $595.48/month- pre-tax

     

    Additionally, I qualify for $1000.00 X5 post delivery rebate check from BMW NA through BMW CCA membership.

     

    All in all- very pleased. Now I can pack for my trip to New Orleans in the morning to watch my Tigers in the Sugar Bowl Monday night.

     

    Again- many thanks.
  • bisedoggbisedogg Member Posts: 8
    Can anyone (Car Man / kyfdx, anyone else) please let me know what you think of the deal that was proposed to me today (12/31/04)?

     

    2005 BMW 325i

    Jet Black

    Tan Leatherette

    Auto

    Power seats

    Heated seats

    Total - $32,070

    Destination $695.00

    Total MSRP - $32,765

     

    Negotiated price - $31,400

    Money Factor - .00080

    Residual - 62% ($20,314)

    Bank Fee (included in monthly payments) - $625.00

    Connecticut Taxes - 6%

    Monthly Payment - $389.00

     

    Initial payment - includes : conv fee ($275), reg fee ($165), sec deposit ($400), 1st month ($389.20) = $1245

     

    Thanks in advance and Happy New Year!
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