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Car_man
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I'm going to drive the new A4 this weekend. I'm wondering if the MF and residual are any different for the 2.0 CVT or for the 3.2 as I will drive those as well?
Also, do you have the rates if it were a 48 mos. lease versus a 39 mos. lease? Thanks very much.
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Saab Financial Services Corp. charges a lease acquisition fee of $595 in most states. Its fee is higher in a few select states. If you let me know where you live, I will tell you if you are in one of them. SFSC's current base lease money factor and residual value for a 3 year, 15,000 miles per lease of a 2005 9-5 Linear Wagon are .00076 and 47%, respectively. The numbers for an otherwise identical lease of a 2005 Saab 9-5 Arc Wagon should be .00048 and 47%. It is providing a $3,000 incentive on leases of both of these models that will help you to negotiate an attractive capitalized cost. Saab dealers can mark-up SFSC's base lease rates by up to .00040. It is such a competitive market that most Saab dealers probably will not mark up the rates on these models, but one can never be too careful when shopping for a new vehicle.
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I am looking to lease a Toyota Highlander 4x4 Limited V6 for 3yr/15k mi. I am not sure that I will qualify for Toyota's top tier. In a previous message, you told me that Toyota's top tier MF for the above truck would be .00116 (Chicago Region). Do you have any idea as to how high that MF could go for their lower tiers?
Thanks for any help you can provide.
I'm interested in a unit that's ~$27,300, but I'm a leasing newbie. I was quoted a MF of .00382 last month on a similar vehicle, they got it down to $465/mo - $15.7K residual - 39mos - 12k/yr. (I have some negative eq on my trade.) This guy swears he can "make dogmeat" out of that offer. What should I be hammering him on? Sale price, trade, residual, MF ? All ?
And even if I negotiate a decent sale price, how can I be sure my lease deal will reflect that?
Thanks...
From the offer on the SAAB Site for Linear wagon:
MRSP = 32550
Delivery = 720
Residual = 15969.6 -- It is exactly 48% of (32550+720)
Due at lease inception = 2999
36 payments of 338.87 -- one included in above 2999.
In addition to that the dealer has informed me that
Acq. Fee = 595
MF for linear / 36 months is 0.0005
SAAB is offering $3000 lease money on the linear.
So, plugging in those numbers I get a monthly payment of $379.04 -- not $338.87
The only way I can get to the payment SAAB mentions is if I subtract an additional $1420.4 form the cap. cost.
Am I doing something wrong?
Thanks for your help.
Has anyone ever used 1 of these websites like:
http://www.swapalease.com/
www.leasetrader.com
The idea sounds wonderful + I would love to drive a different sports car every 1 year or so, w/o paying the down payment each time, but it's awfully hard to find good info about this process.
Anyone ever try these sites out?
Tx,
Convertible Fan
Thanks for responding to my first email.
I've finally decided to get the 2005 BMW 545i. Would you mind confirming the MF and residual for a 3 year lease, 12000mi/yr? I'm not sure if the numbers have changes in the last few weeks.
Also, do you know what additional fees are included in a BMW lease?
Thanks so much!
I have just made the final lease payment on my 2002 Honda Accord SE. I have 27K miles on the vehicle. Paid for 45K. Have usual wear and tear plus a fist size dent (got it last week:() on the fender.
Honda website says buyout $12,750. Blue Book $14,200. Lease payments are $290. Hard to beat that with a new Accord. Vehicle is quite satisfactory. However, I got the new vehicle itch. 48 mos. financing payments would be $300 month. Could extend lease or drop off. Your thoughts/
Thanks!
David
X3(3.0)
Residual 61%
Money Factor .0010
Acquistion Fee $625
X5 (3.0)
Residual 60%
Money Factor .00125
Acquistion Fee $625
Thanks,
James
Then the MSRP is 34660 Thank you
This is for a friend of mine (in Minnesota). Could you give me the info for:
2 Year lease - 12K and 15K a year
and
3 Year lease - 12K and 15K a year
Thanks!
Base MSRP + 21,450
Cold weather = $300
Premium package = 1,350
Auto trans = 1,300
DCS = 500
Sport seats = 300
fog lights = 150
so, net total = 25,350
destination charge = 550
MSRP = 25,900
residual quoted at 65% for 36 months and 12k miles per year
With money factor of .0034, and $1,000 down, the sales manager says monthly lease payment would be about $435.
Good deal? Bad deal? Money factor likely to go up, down on March 1 (or no one ever knows)?
Thanks for any help
SFCharlie
Why do you feel this way?
Is GM doing anything exceptional on either MF or residual on the Envoy Denali, or is this a result of the price cuts and rebates?
Do you have mf and residual data for the Denali?
Am trying to decide between the Envoy Denali and the Saab 9-7X
Information on both vehicles is spotty at best.
I qualify for GMS pricing.
How do you see the matchup, from a leasing point of view on these vehicles?
I understand that Saab offers a 60 month warranty which could affect the term of lease I normally take.
My philosophy is pretty much when the vehicle is out of warranty, I am out of the vehicle.
Thanks for the tremendous support you provide to the car leasing community....
I got a quote today on a 2005 Lexus LS430. The sticker price is $62,734. A 36 month lease with 15,000 miles brought the price to $799/month (including 9% tax from PA). This included $1900 due at delivery which included the first months payment. I do not now know everything else included in the $1900 due at delivery fee. I know they used Lexus to lease the vehicle.
With this available information can you tell me if this is a good deal. I am told by the sales manager it is about $1000 over invoice.
Assuming an x-plan price of $35,000 (with a few options), $3K down, and I finance the $17,407 at 9% for 4 years, I'm paying a total of $44,073 to lease this car and subsequently buy it at the end of the lease.
To purchase it, I don't get the incentives, so it's 35K financed (down payment satisfies TTL) at 3.9 (incentive rate) for 5 years = 41,825.
In my mind, I'm paying an extra 2,250 for the car so I can keep my payments low.
Does this look right to you?
I understand that there's the potential that I can negotiate down from the 17,407 when the time comes. Any idea about how much?
If I plan to buy it at the end of the lease, the mileage becomes a moot point, correct?
Any other considerations I might be missing?
J
I drove both 2005.5 A4s and loved them. I'm trying to zero in on the new A4, if I can make the numbers work. In any event, the dealer told me the best numbers were for a 36 mos. lease. He quoted me a residual on the 2.0 CVT Auto of 58% for a 36 mos. lease and 56% for a 36 mos. lease for the 3.2--10K miles per year on both.
However, he quoted me a MF of .00169 which isn't much different than the .00155 you quoted for the 39 mos. lease but still higher. He said a 42 or 48 mos lease isn't worth it b/c the MF goes way up, but don't always trust them.
In any event, if you could get me the MF and residuals for the 2.0 and 3.2 for the 36,39 or 42 and 48 that would be fantastic. I realize this is a lot of info to request, but I greatly appreciate it. I'm 90% sure I'm going to get one of the two, but want to have all the info when negotiating with the dealer. Thanks again.
Lastly, my lease isn't up for a few months so I will probably order one (dealer said about 90 days to get one in) which works well for me. Do you see the curren A4 lease programs continuing? Thanks so much.
329 per month with allowance of 18,000 miles on a three year lease:
No down payment
Inception Fees of about $1750 to include, sales tax at 6%, registration for three years, bank fee, and first payment.
It was my first quote and the dealer seemed willng to maybe move a little further down. They offered me payments of $289 a month with 15,000 miles before I left the dealership. This tells me I might be able to get the $329 down a little. Looking for advice as I would like to call them back on Monday. Any input would be appreciaated if this is a good deal. Thanks. Ron
Yes it is financed by Honda Finance. However, I just was over at the dealer and a new 2005 Accord with same trim for $20 less a month with ZERO out of pocket. Hard to beat that.
Mike L
mlegere01@hotmail.com
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The other numbers all appear to be correct.
regards,
kyfdx
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Terry
He would like to turn it in and buy another late model used car (Civic Si, Focus SVT or similar). He lives & works right in Chicago, has to park on the street and doesn't drive much now though he couldn't really live without a car. Leasing or buying a new car really isn't an option giving his parking situation.
I'm recommending he buy the Matrix at wholesale instead of buying an unknown quantity at retail. What do you think?
Also, you may want to inquire with them about financing the vehicle. They may be willing to offer you a "deal" in exchange for letting them carry the note on your loan.
Good Luck!
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Now that you have provided this car's full MSRP, let's take a look at the deal that you were quoted. In your earlier posts, you stated that this car has a full MSRP of $34,660 and a capitalized cost of $34,660. If this is indeed the case, it means that you are not being given any sort of discount on it and this is a terrible deal. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for them. I suspect that most Infiniti dealers are fairly anxious to unload their remaining 2004 models at this point. Not only that, but Infiniti is providing $1,750 dealer cash on leases of the 2004 G35 Sedan with AWD. As a result, you should be able to lease this car with a cap cost that is at least $1,000 below invoice, if not lower.
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As far as the $3,500 down payment goes, 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 the MDX that you want would be exactly the same, regardless of whether you had put $3,500 down, or had made absolutely no down payment at all.
Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
The selling prices of leased vehicles definitely are negotiable. I am not personally all that familiar with what the market is like for the Acura MDX in your area right now, but you may be able to find out what sort of selling price you should expect by visiting the following discussion: "Acura MDX: Prices Paid & Buying Experience".
Acura's lease support on this truck is only good on leases of up to 36 months in length. If you were to lease a 2005 Acura MDX Touring with Navigation through American Honda Finance Corp. right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00196 and 59%, respectively.
I am not familiar with the specific "tax credit" incentive that you mentioned, but a number of automakers do have programs in place to help offset the high taxes that Texas charges on leased vehicles.
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If you were to lease a 2005.5 Audi A4 3.2 Sedan through AFS right now for 39 months with 12,000 miles per, its base lease money factor and residual value should be .00155 and 52%. The numbers for an otherwise identical 48 month lease should be .00235 and 45%.
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