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Maybe an Acura, maybe an A6 or a Deville, maybe a Town Car, perhaps a ES330, Infiniti I35, maybe even a nice SUV, ya know stuff like that ... the last time I went house "shopping" the realtor had a 325 Bimmer, but after a few houses I said lets get back and pick-up my Yukon .. the best way to find out, is to take yourself in and out of the back seat about 15/20 times - and remember, lots of your buyers might be a few months older than you ..l.o.l....
Terry.
I live in Northern Virginia and I was given a quote for an 2005 Honda Accord EX-L with Navigation system of MSRP: $27,015.00 and Quoted Price of $23,943.80. Im thinking of a 36 month lease with nothing down and 15K miles. Any idea how much the monthly payments will be? Do you know if its possible to lease for 20k miles?
Thanks in advance.
Rick
This is on an almost loaded '05 A6 4.2. TMV is $57,663. The dealer wants MSRP (should I bicker about that?), $58,420. Money factor is .0028. I plan to put 0 down on 15K miles for 48 months.
$1065/month w/tax, which is a lot higher than I had hoped for. Residual is 46%.
The dealer suggests leasing for 42 months rather than 48. Any idea why?
Isn't that a pretty high money factor? They want .15cents/mile for additional miles, so I'm seriously considering bumping to 18K. Should I, just to be safe?
This is almost $200 more than my '01 A6 4.2, which came in at $53,000. Is that normal? Should I expect any kind of loyalty benefit from Audi?
Thanks in advance!
My Nissan Pathfinder lease ends next month. The lease is through Bank One. I'm going to lease another SUV, but I haven't decided if it's going to be another Nissan yet. The Nissan dealership has already made a 'courtesy call' to me to arrange the return and 'take a look at the 2005 PF'. Since I'm leasing through an independent lender, could I return it to any dealership if I decide to lease a different make/model? It would be much more convenient to drop off the vehicle at the dealership where I'm getting the new vehicle. The lease contract didn't seem to specify where I needed to return the vehicle.
Any thoughts? Thanks a bunch!
But, Bank One owns that puppy - not the dealer and you need to be on the horn with them, you need dates, times and names .. plus they use an independent and they will go over it and you need to sign off and get COPIES ..... do not depend on the dealer, there are hundreds of lease returns sitting behind the back fence in dealerships - they don't own em', but your gonna pay for them if they get hit, dinged, hailed on, etc .... get your proper paperwork and then go on ..............
Terry.
From hondacars.com I was able to figure out the residual and the MF for the Pilot '05 EX (12k miles, 36 months), which is 63%.
Do you know what is the residual for the EX-L Trim?
62%, 61% ?
Thanks
Can I have the residuals and MF for a 2005 Honda Accord LX/Auto and a 2005 Toyota Camry LE/Auto? 12K/36Months. I am in the NYC area. Thanks.
Mike
Terry.
My current 5/3 lease ends 2/16/05 and I just got my vehicle independently inspected this am. I can drop it off at some local place, sign the Federal Odomoter Statement, fax it to 5/3 and be done with it! (Of course, I still need another car...)
But 5/3 was very good about telling me pros and cons and they mentioned what Terry did: if I turned it in to a dealer, lease was still MINE and I was still responsible for vehicle until lease maturity date & notification, etc.
5/3's web site had lots of good info about returning leased vehicles, etc. I'm sure Bank One's does, too...
I have more information on my original question for you: the vehicle has an MSRP of $44,500 - 2005 MDX with both the NAV and the Rear Entertainment. The dealer is quoting me $730/month with $1700 due at signing for a 3 year/15,000 contract. This seems at least $75 high to me, considering the money factors and residuals that I've seen. The sales manager has indicated that he has cut $2000 off MSRP, but I know there is another $2500 between MSRP and invoice. I want to give him a fair deal, but that would be $750 over invoice for me.
Can you please tell me what a reasonable lease payment should be on this vehicle?
Thank you very much.
This was their first attempt at it: 12k miles a year, 0 down, 36 months, Tax up front, $366.62/month 14,176.24 residual. That seemed a bit high (especially since they started talking from MSRP) and I figured around $350/month would be closer to a real number.
I would feel more comfortable at a 15k miles a year lease.
Additionally I would like to know any info you have as far as leasing an 2005 WRX STI with Popular Equipment Group 2a, MRSP of 33,290.
I live in NY (8.25% Tax in Orange County) and they do the whole "Smart Buy" or 36th month balloon payment at the end + the higher acquisition fee. Is there any other special NY rules I should know of? Is the tax up front a standard thing here? Car_man, you've said low to no downpayment is the way to go, what would be a decent one to help lower my payments, or how low should I go for? This is my first car lease/buy and any help you could provide me with would be greatly appreciated.
Bonus question: If I looked into leasing a used 2004 STI, is there anything different in the money factors or other numbers I should look for between leasing used and leasing new?
I can't decide whether to lease a 2004 Infiniti G35x or wait a while and lease a 2005 instead.
The lease on my Acura CL isn't up until April 30. But if I want to lease a 2004 G35x, I better do it before the end of February. Based on an offer from a dealer in Illinois, the 2004 would be $60.38/month less before tax compared to the 2005. But at the same time I would be making 2 car payments for 2 months, which has a cost of its own.
Is there any way to guess if the money factors on the 2005 might decrease or at least stay the same after the end of February? Right now the money factor for 36/15K on the 2005 G35x is 0.00172, and I don't believe there are any incentives on this car. If I could be assured of getting the same or a lower price, I might wait until my current lease is up. Otherwise I'm probably going to snatch up one of the 2004's while they are still around.
Is the money factor on the 2005 the same whether or not you pay the security deposit?
Also, any idea if Lexus money factors might get better after this month as well? I was also considering an ES330 as a possibility, although I prefer the Infiniti currently.
Thanks!
Ernest
I have just test driven all of these cars. They are all nice. I live in Westchest county in NY and am interested in leasing one of these cars for either 36,39,42 months(which ever is the best deal). What is the money factor and residual for these cars? On the RL I am assuming I could buy it for $46,000(MSRP$49,470)with no money down.
On the A6 I am assuming I could buy it for $45,500(MSRP $47,355) and the M35awd for $45,000(MSRP $45,760). Your help would be appreciated in figuring this out.
Thanks
Could you please calculate my lease payments based on the following:
Lexus IS300, 2005
MSRP - $33,225
Selling Price - $29,500
Zero down,
36mo-39mo,
12k-15k/year
Thanks a lot
I see there is $1500 marketing support on S60s. Over in one of the volvo discussions, there was mention of $4K lease support on the S60R, as well. I'm wondering if you know if these 2 sources can be combined for a total of $5500 to play with on a lease deal?
2nd, can you tell me the MF and residuals for a 6-speed (do packages make a difference? if so, assume premium and climate packs) at 36/39 mos and 15k/yr?
Thanks!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
I am nearing the end of a 66 mo. lease with Wells Fargo on a 1999 Ford Explorer XL, 4 door, 4WD, v6 SOHC. I want to own the vehicle but I don't want to pay too much (more) for it. The vehicle has low miles (55,000) and is in excellent condition.
The residual value on the contract is $11825.52, plus a $200.00 purchase option fee. I feel this is more than the vehicle is worth. Do you have any tips on how I can negotiate a lower price with Wells Fargo?
P.S. I think it is great that you offer this forum for people looking for vehicle purchasing/leasing advice.
Thanks,
Michael
I am currently looking at leasing a pontiac montana sv6 (new model) 1SB. Can you tell me the MF and residuals for 36 and 48 months both at 15,000 miles? Also, the current incentives on the vehicle show $1500 but that only seems to be on a purchase....not on the lease. The dealer is telling me that they only have $750 lease support. There is also GM loyalty (which I qualify for but they won't give me cause I want to lease) of $1000 (I think). Are they giving me the correct information?
Thanks
For starters, you need to call WF and get past the nice little blonde that reads your purchase figure on the screen (in a very nice way) ... you need to speak with the Regional/District manager and tell them you are just "thinking" about buying it, and since there is a herd of Exploders in the market, what would be a fair figure for both (in a very nice way, so get a rapport going) .. they will probably look at the current auction figures and see they are doing in and around the tall $5's, low $6's right now .... the rest is up to you, I'm thinkin' the mid $7's would make them happy, but my Crystal ball is still in the shop .....
Terry.
With leases, you always have to pay the first payment up front - so there never really is a $0 down lease - although the dealer DID offer to "capitalize" our first payment and all fees/tags so it would be sign and drive - with a higher payment.
I put your zip in at carsdirect and got $19,234 with an invoice of $19.034 - which is the number you got. If I put in an Atlanta zip code (for example) like 30355 I get $18,484 which is a lot closer to the number you need. You can try putting in the ZIPs of other large cities close enough to you to be a short trip - see if any other city has a dealer that can deal even lower.
The up to $600 per Accord dealer money last month was the extra boost to get it down to what you needed - even with some dealer fees on the deal. Honda could put some dealer money on again this month as well - we will have to see. Based on the fact that they didn't continue the 2.9% financing (it is now 1.9%, but only 36 months) it could be they sold enough Accords in March that they will not offer extra dealer money in April.
Dennis
1) Based on your experience as well as knowledge of the market - is demand strong or weak for this car? Is it subsidized by BMW?
2) I am looking at 3 years/30K - any way to do better than .00125 / 63%? or is this good?
3) Approx what should i be paying per month?
The number 1 rule in leasing is to always negotiate down to a purchase price as if your going to buy and then tell them you've decided to lease instead but that the deal must be based upon your agreed "buying" figure.
That said, when you see a nationally advertised "special offer" lease like the current $599 on the E320, could that deal actually be improved? Are these types of offers based upon MSRP but with some other manufacturer hidden financing? $MFactor, Resd. etc??
If you try and do the price to buy then flip to a lease instead, are they going to say "oh no, then we have the program for that then." I guess the question is, have you see better or are the national specials usually pretty tight and fair?
thanks!!!!
I am looking to lease a 2005 Acura TSX for 48 months with 12,000 miles non-navi. I was hoping you could provide me with the money factor and residuals for this. Based on my other research on Edmunds Prices Paid posts, it seems reasonable that I could purchase it for about $25,500 including dest. I am in PA and would be paying 6% tax. I will also be trading in my car and the difference between what I owe and expect to be valued at is about $2000. What should I expect my lease payments to be. Thanks for your advice!
Can I get the residuals and MFs for the following:
Pilot EX-L
Highlander V6 4x4 Limited
3 year, 15k miles. I am in Northwest Indiana (in case that matters for regional specials). Also, are there any incentives I should be aware of on either vehicle?
Thanks so much in advance.
Car_man
Host
Smart Shopper Forum
I'm looking to lease either the 2005 BMW 545i or the 2006 M45 Sport. Can you provide the residual, money factor, etc for these cars (39 mo and 12000 mile lease) Thanks
Also, is it a bad idea to trade in my car when leasing?
I am interested in any thoughts you may have concerning the Smart Buy program from GM. I saw an offer on chevyoffers.com. Do you know any thing about it? Other than the vehicle being in your own name, is there other concern I should have?
Thanks for your help.
I'm sorry I forgot to specify the vehicle - Silverado Pick-up, extra-cab,4x4,Z71.
Hope you had a good vacation. Maybe you can tell me whether my salesguy plans to go to the Bahamas on the money he'll make from my lease. ;-)
This is on an almost loaded '05 A6 4.2. TMV is $57,663. The dealer wants MSRP (should I bicker about that?), $58,420. Money factor is .0028. I plan to put 0 down on 15K miles for 48 months.
$1065/month w/tax, which is a lot higher than I had hoped for. Residual is 46%.
The dealer suggests leasing for 42 months rather than 48. Any idea why?
Isn't that a pretty high money factor? They want .15cents/mile for additional miles, so I'm seriously considering bumping to 18K. Should I, just to be safe?
This is almost $200 more than my '01 A6 4.2, which came in at $53,000. Is that normal? Should I expect any kind of loyalty benefit from Audi?
Thanks in advance, and welcome back!
I got a quote on an Infiniti M35 AWD of $645 per month for 39 months with 15K per year.
MSRP $46,160 Invoice $42,106
Money factor .00208 Residual 59%
What is your opinion of this lease deal? I live in Westchester county, NY.
Thanks for your help.
As far as the 545i goes, if you were to lease ont through BMW Financial Services right now for 36 months (it does not have a 39 month lease program for this model) with 12,000 miles per, its base lease money factor and residual value should be .00100 and 61%, respectively.
There's nothing wrong with trading your old vehicle in when leasing. However, it is in your best interest to have the dealer that you are trading it in with to cut you a check for it rather than using the proceeds as a down payment on your 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 your leased M46 or 545i would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Also, you would be much better off leasing this car for 39 months than you would be leasing it for 48 months. Even though longer leases often provide lower payments because one is spreading out vehicles' large initial depreciation hit over a larger number of months, Audi's lease support is not available on 4 year leases of this car. As a result, switching from a 39 month lease to a 48 month lease causes this car's money factor to jump from .00185 to .00260. I believe that the lower money factor is available for 42 month leases as well. This is why your dealer is suggesting this length lease.
Let's work up a sample lease payment on this car for you using the lower money factor and assuming a $1,000 discount. According to my calculations, if you were to lease a 2005 Audi A6 3.2 with an MSRP of $58,420 and a selling price of $57,420 through Audi Financial Services right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $898. A 42 month lease of this car would have a slightly lower payment.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
I will be in the market for a new car soon and since I will need something nice (for clients and such) I am considering leasing a bit more up-market car than I would be willing to purchase outright. I have read about the (apparently) good deals that audi is offering right now on the a4 (SE) and wanted to know what the MF and Resid. would be on a 24 month lease with both 12k and 15k per year (I can get the 36mo numbers from a previous poster). Also, is there much difference between the 1.8t FWD CVT, the quattro and the 3.0?
Since I am new to leasing let me see if I have all of this right, is the resid. calculated on MSRP or on selling price, I assume it is on MSRP. Since the monthly payment is calculated on the diff between the selling price and the resid. then I assume that the lower selling price one can negotiate then the lower the monthly payment will be (since the resid., calculated as a % of MSRP, is static) while, conversely, a higher resid. will result in a lower monthly payment as well.
Do you know of any other manf. that are offering a similiarly good deal?
Thanks for all of the help you provide here and plase let me know if I have any of this wrong.
Welcome back from vacation. I am looking to lease a 2005 Acura TSX for 48 months with 12,000 miles non-navi. I was hoping you could provide me with the money factor and residuals for this. Based on my other research on Edmunds Prices Paid posts, it seems reasonable that I could purchase it for about $25,500 including dest. I am in PA and would be paying 6% tax. What should I expect my lease payments to be.
I will also be trading in my car and the difference between what I owe and expect to be valued at is about $2000. I see that you advocate having the dealership cut me a check for this amount and applying it to my lease, rather than using it to reduce monthly payments. Is this something a dealersip has to accept? Thanks for your advice!
I hear what you are saying...and truth be told I will prob. wind up with a nice 02-03 I35 but I would like to check out my options...I have not had a "new" as in totally new car since 1996.
I left you a post on RWTIV about my wife's parents car...perhaps I should buy that?
I am looking to lease a 2005 JGC 4 x 4 Laredo. A local dealer has an advertised lease on the BASE model as $329.00 for a 39 month lease with $2000.00 down. Is there anyway that I can figure what the money factor is on the lease?
Also, when I went to a site that had a lease calculator, it figured the 36 month lease to be a lower payment than the 39 month lease. How is that possible?
What is a good money factor and residual on the JGC? Also, could you list the formula for figuring what the money factor is?
ksd
thanks --
ksd
Thank you very much.
I am currently looking at leasing a pontiac montana sv6 (new model) 1SB. Can you tell me the MF and residuals for 36 and 48 months both at 15,000 miles? Also, the current incentives on the vehicle show $1500 but that only seems to be on a purchase....not on the lease. The dealer is telling me that they only have $750 lease support. There is also GM loyalty (which I qualify for but they won't give me cause I want to lease) of $1000 (I think). Are they giving me the correct information?
Thanks
Can I get the residuals and MFs for the following:
Pilot EX-L
Highlander V6 4x4 Limited
3 year, 15k miles. I am in Northwest Indiana (in case that matters for regional specials). Also, are there any incentives I should be aware of on either vehicle?
Thanks so much in advance.
Thanks again for all your responses!
Just 1 last bit, I have been told by a dealer that IFS (infiniti) put out new lease programs. Could you please check on those for me? The ones you gave me were .00179 and 59%.
Oh, I am interested in a '05 FX35 lease, for 36 months x 15k miles (but ok with 39/42 months too - which ever has better #s).
Hope to make a purchase/lease tommorrow :-)
Thanks!