Hi. I live in the Philly area and am looking to lease a BMW X3. What is the current residual value and money factor for a 2005 X3 at 36 months and 15,000 miles per year?
I understand it has a 53% residual. Can you help me with the Money Factor?
I think I am getting a great deal on the negotiated price and on my trade in. Now I just need to know what to expect as payments -- especially what will be due at signing.
If you knew the Volvo numbers, it would not matter anyway since the money would not apply if you do a Volvo lease.
Then you are stuck when whoever else your dealer(s) deal with or someone 3rd party like LC. Since there is so much variation in what different lease banks and dealers will do, I don't think it would be much help. To bad you and I can't get our own lease deals by contacting the lease banks directly....
I test drove the S60 when it came out, and aside from NO back seat leg room it was OK. I am thinking about an R car myself, but due to the leg room issue would get the V70r instead. They are a lot harder to find, since they don't sell well dealers don't order them.
I am considering three cars (but only two for the purposes of this post) -- Acura TL 5A w/NAV, and the BMW Z4 3.0 Sport, Premium, Steptronic, Heated, and Xenon. I have two initial offers, and wanted to see how they stack up versus what my best perceived deal could be based on your expertise and experience.
Both vehicles are LA (as in Louisiana) vehicles, with an 8.75% Sales/Use tax rate.
They did not quote me a money factor, but I came home and Guess/Checked/Revised my way to the quoted payment using Edmunds lease calculator, and have roughly figured out that the money factor for this lease must be somewhere right around .004075, or 9.78% APR! Is this right? Regardless, what's the best deal you think I could get for this?
Also, I am considering a BMW Z4 3.0, which is a 36/30k Lease:
They did not quote me a money factor, but I came home and Guess/Checked/Revised my way to the quoted payment using Edmunds lease calculator, and have roughly figured out that the money factor for this lease must be somewhere right around .003147, or 7.55% APR! Is this right? Regardless, what's the best deal you think I could get for this?
I've not sen anyone asking about this deal on the Saturn VUE -- any comments on how good this deal really is??
I spoke to the dealer and they want to "SmartBuy" (ballon) and not lease -- Is this a problem? ----------------------------------- VUE FWD 4 Sport Plus
$199.00 per month 39 month lease 38 monthly payments $0 due at lease signing for qualified leasees No security deposit required. Tax, title, license and retailer fees are extra.
Lease payments based on specially equipped VUE FWD 4 Sport Plus with M.S.R.P. of $18,345.00. 38 monthly payments total $7,562.00 with a capitalized cost of $18,940.00 and a residual value of $11,608.00. Option to purchase at the lease end for amount to be determined at lease signing. Primary lending source must approve lease. Take delivery by 03/31/05. Mileage charge of $.20 per mile over 39,000 miles. Lessee pays for maintenance, repair and excess wear. Payments may be higher in some states. Not available with some other offers.
Excludes 5/60 extended vehicle coverage and personalization allowance.
MSRP 19,053, sell for 18,300 (dealer says that is 150 over invoice.) $497 down, 233 lease per month for 48 months, Of that, 211 is principal, lease fee is 5.85 with 16.06 tax. Money factor .00011 or .00021 Residual is guaranteed at 8845 when choosing the 12k miles per year plan. I would do this with the idea of then purchasing my own used car by financing the residual. It seems to me that the lease period would cost me only 280.00 in total interest over those four years and the rest of the payment would be like making a monthly down payment. The 8845 residual I would have to pay/finance is lower than projected for such a car (as projected using Edmunds data). I'm hoping I won't be so poor in four years and that a financed monthly will then be more feasible (kids out of college). Am I missing something. Is this a dumb deal? Thanks so much.
I am interested in leasing a 2005 325i with an automatic transmission. Presently, BMW offers a lease on said vehicle for $3,165 up front, with 35 remaining payments due at $315/ month. Total due through the life of the lease (I believe) is $14,190.
BMW's lease offer is based on a MSRP of $31,270. According to the web sites I have visited, dealer invoice is $28,750 (with transmission and destination fee included).
Here are my questions:
1) Is it possible to negotiate a lower price, and then base the lease off that?
2) If a lease is paid off at inception, are there any fees which I could have waived? (security desposit?)
3) If I were to pay the lease off at inception, what would be a fair amount to offer, or accept?
Thank you for taking the time to read my post, I look forward to any advice.
My wife loves the looks of the Matrix, by the way - she just wishes it drove better and the driving position was better....
You didn't say where you are location or how the Maxtrix is equipped - so I looked at the cost of a Matrix XR FWD w/auto and value pack #2, ABS and stability control (you WANT both of these options, for sure) and got $19,020 MSRP and $17,614 dealer cost. In my area there is also a $500 customer rebate on the Matrix so if you assign that to the dealer then actual dealer cost is $17,164. So depending on where you are, $18,300 is not that good of a price.
If the money factor is 0.00021 then to get your non-tax payment the cap cost would be $18,977. So I assume the dealer has added a "doc fee" and the acquisition fee to the cap cost?
If you were to finance the car (using $18,300 + tax) it looks like $372.69/mo 60 months at 5.15% (total of $22,361.40) or $324.64/mo for 72 months at 5.86 % (total of $23,374.08)
If you financed the residual + tax at the end of the lease it looks like $289.91/mo for 36 months at 6.15% interest. That is a total of $10,436.76
The lease will cost you $11,681 over 48 months so combined it will be $22,117.76 over 7 years.
So if you compare the 72mo purchase vs lease/buy it is cheaper (given CURRENT RATES) to do the lease/buy.
You do need to get the money factor nailed down and you do need to find out about the rebate (if any in your area) and you do need to get them closer to dealer cost - and get all the numbers going into the cap cost and where your down payment is going.
You could also look at the Altima or Accord lease deals. Both are around $1500-$2000 out of pocket and $199 plus tax per month (24 months for the Altima and 36 months for the Accord). The Accord purchase at the end of the lease looks decent, the Altima price will be too high.
In NY you still have that lease liability law, right? Meaning if you injure someone in the car they can sue the lease bank AND you (any names on the title). A lot of lease banks will not do business in NY for this reason, and some that do charge inflated fees to cover the risk. I would assume that this acq fee being so high is just such a fee. Basically I guess that is extra money as insurance against getting sued?
The promo deal with BMW is usually a stripper - just the car, the auto, and "leatherette" interior. BMW does have $2,500 in "marketing support" to help dealers move out the remaing 05 325s before the new 3 series arrives ($4,200 on 330i models). So if you leased the car at dealer cost, they still make $2,500!
So yes, you should be able to negotiate a better deal - something well below invoice. I see $29,018 as dealer cost with just the auto as the only option.
I think there is no security depost with an upfront lease and they will reduce the MF by quite a bit (but there is still a MF) if you pay it all up front.
As of last month, the BMWFS rates for a normal lease on a 325i are 36m/45k mi: 56% 0.00225 and 36m/36k mi: 58% 0.00225
How are single payment leases calulated? Is it just the depreciation cost, or do they have some additional charges? If you make a single payment (or a large downpayment) are there insurance companies that will cover your capital investment? For companies that offer "smartbuy" options rather than leases is the insurance risk still there?
You have to pay interest on the residual of the car. The lerase bank pays for the car (say $30k) and you give it back after 3 years and it is worth the residual (say $15k). The bank was without all the difference ($15k on a pre-paid lease) for the entire 36 months - so interest is due. I assume the math is the same, but they usually give you a lower money factor. I tried to do one of these one time, but they offered little discount so I never pursued it any further.
I think the balloon payment deals are ways to avoid the liability issues in some states (NY) and to help with taxes in other states (TX, I think).
I am looking for the 36 month, 12k miles/yr, money factor, residual, and lease $ incentives for the following cars: ***2005 Cobalt LT ***2005 Malibu Maxx LS and LT.
Additionally, what is the GM lease aquisition fee?
Finally, is the additional $1000 March Madness cash on some cars applicable to leases, or is it good towards purchase only?
Car_man will be away from this discussion for a few days, so if you're in a big hurry, you might drop by the prices paid discussion for your vehicle to see what others are getting.
To find those, please use the make/model drop-down menus under "browse by vehicle."
MODERATOR /ADMINISTRATOR Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name. 2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h) Review your vehicle
I am looking to lease '05 LS 430 UL for a 36 month plan. Please let me know what to look for. What kind of payments would i be looking at. The money factor, residual, other terms i should be familiar with. I will be buying tomorrow-3/23/05. Thanks
Please see my message above yours. Car_man won't be able to get to your message tonight.
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For Car_man when he returns, could I please get the MF and residuals on the 2005 Mazda 3 S Sedan for a 36 month, 12,000 mile lease as well as a 24 month, 12,000 mile lease? Thanks in advance.
The current Base MF and Residual for the TL you specified over the lease term is .0022 and 59%, respectively. If your Cap Cost included the $595 acquisition fee and you assumed that Acura did not hike up the MF by .00015 by avoiding a security deposit, I calculate a monthly payment including 8.75% tax (but not title or license) to be $527. ($536, if avoiding the security deposit causes the MF to go up .00015--remember this MF change is just an estimate based on what I've seen on this forum)
Now for the BMW, the current Base MF and Residual are .0020 and 59%, respectively. Assuming the same scenario as in the Acura as far as Acquisition and Security Deposit goes, I calculate a tax-included monthly payment to be $567. ($579, if avoiding the security deposit causes the MF to go up .00015--remember this MF change is just an estimate based on what I've seen on this forum)
Your drive off costs in both cases would be 1st monthly payment plus T&L. You are getting reemed with these current deals. Keep in mind that there is a $4500 cash to dealer incentive right now that I'm pretty sure can be applied to leases. You may be able to knock down your Cap Cost quite a bit still. I hope this helps you out.
If anyone can help with the 24 and 36 Month residuals for both 12,000 and 15,000 mile per month leases, as well as the money factors for the STS, I would appreciate it. I talked to two dealers, one said a money factor of 5.75, the other said 4.75%. Also, is $1750 the current lease incentive or is it $750? Do the March Madness $1500 rebates apply to the STS when it comes to a lease? Thanks!
Hi everyone. As some of you may have been able to tell, I have been off-line for the past several days. I will be at the press days of the New York Auto Show all day today and tomorrow, but will be back here in the Edmunds.com Forums both nights. If you have any questions about leasing that you still need answered or about the show I will be more than happy to answer them this evening. Talk to you soon.
Hey Car_Man. What do you think about the new 2006 BMW 330i at the auto show? How does it look to you? Also do BMW representatives say what the base MSRP will be for it? Thank you. hpowders
I was quoted 555 for 3/36 in ny. Touring model with side moldings and blk running boards msrp was 40295 and sale price is 37295 295 and 595 for accessories. no $ down taxes in payment.
also was quoted from another dealer 599 27/12 with no $$ down only side moldings. Can I do any better? what are the correct mf and residual #'s both were ahfc leases THX Nbty
Hey hpowders. I'll take a look at it for you. BMW is scheduled to make the North American introduction of the redesigned 3-Series during the second press conference this morning. From what I have seen in pictures so far, the '06 3-Series looks outstanding.
Wow, you guys are fast. Hey shaker58. Let's work up a sample lease payment on this trucks for you and see what we come up with. According to my calculations, if you were to lease a 2005 Acura MDX Touring without navigation or the rear entertainment system with an MSRP of $40,295 and a selling price of $37,295 through American Honda Finance Corp. right now for 3 years with 12,000 miles per, your zero down, pre-tax monthly payment should be around $465. This payment assumes that you pay a security deposit of $500 and an acquisition fee of $1,095 (it is high because you are a New York resident) as well as your first month's payment at lease signing. I arrived at this payment using a money factor of .00196 and a residual value of 62%. Even after taking tax into account the 36 month payment that you were quoted looks a little high to me.
Hi Car_man, welcome back, hope you're enjoying the auto show!
I have been in negotiations with an Acura dealer in South Jersey, and have negotiated the following deal. I would appreciate any advice on how this deal looks:
48 month term at 12,000 miles per year,
Negotiated Selling Price: $25,300
Monthly Payment $337 (includes 9% lease tax for Pennsylvania)
Due at signing: 1st Months payment ($337) + Tags ($178) + Bank Fee ($595) = $1,100
you said my quote is high(555) but you came up with 465 plus I have to come up with taxes(37 a month plus up front 1095 and 900 in accessories( running boards and molding) also he said just pay dmv fee at pick up no sec or 1st pyt
Hi Car_man, good to have you back. Am looking to lease a Lexus LS 430 '05 w/ Ultra luxury(36 months, with 17500 miles per yr). Please let me know what a reasonable lease price would be in DC area (Rockville particularly), monthly pmts, money factor, residaul etc. Am planning to buy this eve. Will appreciate a quick response, thanks
She is looking at doing a lease then buy, as a way of making the payments more affordable.
The Matrix would have a 60/60k powertain warranty on it, but if she decides she wants to turn it in then everything else (that is out of warranty) has to working or repaired at her expense. Of course, it IS a Toyota so what could break :-) ?
I saw your previous post #17880 regarding '05 Subaru Forester X for 36 months/12 K miles at .00100 and 48%.
Here are my questions.
1. What are the residual and base money factor for '05 Forester XS LL Bean edition for 36 months, 12K miles, both with and without security deposit. 2. Do these rates allow you to use the $1750 Rebate currently being offered by Subaru? 3. Are there any dealer incentives, other than the $1750 Customer rebate that I should be aware of prior to negotiating the purchase price?
Thanks again. You are quite the asset for us car buyers.
I'm looking to lease a new 2005 ES 330. MSRP is $38,159 on a 48 month lease 12,000 miles per year. I believe the ES330 is the "volume" vehicle in the Lexus line, but how negotiable in general are they off MSRP? My sales rep is saying they "aren't like ford or chevy". Also, I'm being quoted $628 per month on this lease (with $1260 for sec deposit, fees, & 1st pymt)...is this a good deal? Thanks!
Hey hpowders. I had a chance to sit in a 2006 BMW 330i this afternoon and it is a really nice car. I personally thought that the redesigned exterior was amazing and the new interior was just OK though. I can't wait to drive one. The new 330i is lighter than the previous generation and pumps out 30 more horsepower. The press conference was unbelievably dry, but I did manage to pay attention to the pricing for you. The MSRPs for the 2006 BMW 325i and 330i sedans are $30,995 and $36,995 respectively. Supposedly after they are adjusted for the additional equipment that now comes standard in the '06 model, the price of the new 330i is virtually the same as the 2005 version.
That's not an ignorant question at all, rgustafs, because I don't know the answer to it . I can point you in the right direction through. You should be able to find out what the sales tax on leased vehicles is in your area by visiting one of the following sites: Virginia Department of Motor Vehicles or VATax Online.
Thank you, jaykrue. It is difficult for me to give you my opinion on this deal without knowing what this car's full MSRP is. 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 full MSRP of the car that you want to lease it is tough to tell how much of a discount you are being given. The second reason is that one needs the MSRP of the 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 full MSRP is. For now, I can tell you what its lease program is like. Acura is not currently providing any sort of lease support on the 2005 TSX. As a result, if you were to lease one through American Honda Finance Corp. at this time, you would have to use its standard lease money factors. The last time that I saw it, its base standard lease money factor for 48 month terms was .00190. The 48 month, 12,000 miles per year residual value for an '05 TSX without navigation should currently be 51%.
Thanks fun1. I would be more than happy to give you an idea of what this car's lease program is like right now, but I really cannot estimate a lease payment on it for you without knowing the MSRP and selling price of the exact model that you are interested in. You should be able to find out this pricing info by visiting the New Vehicle Pricing section of this site and by and stopping by the "Lexus LS: Prices Paid & Buying Experience" forum.
Lexus is not providing any sort of lease support on the 2005 LS 430 at this time. As a result, if you were to lease one through Lexus Financial Services, you would have to use its standard lease program. The last time that I saw it, LFS' base standard money factor for consumers who qualify for its top credit tier (Sign and Drive +) was around .00215. Its 36 month, 15,000 miles per year residual value for a lease of an '05 LS 430 Ultra Luxury without the Pre-Collision option is currently 51%. If you need more tha 15,000 miles per year, you will have to purchase additional miles on a per-mile basis. It is cheaper to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Again, let me know this car's prices and I will estimate a lease payment on it for you.
Hey Car Man, Great info! I'm looking for some guidance re: what money factor and residual to expect. Will be leasing an Infiniti M35x with Journey & Technology Pkgs w/ full size spare -- $45,739 invoice/$50,160 msrp. Can put up $3000 cash. Will lease for 36 mos and need 20K miles per year - 60K total. I'm in Monmouth county, New Jersey. What can I expect? Another question - Is it true that the dealer won't or can't negotiate on end of lease buy back of my fully loaded '02 I35 lease return? It's a great car for my 17 year old daughter. The residual/buy-out is $15,700? Thanks very much! George
Hi lycanthris. I see that you are interested in the Lexus IS 300. Just in case you are interested, I was at the debut of the 2006 Lexus IS 350 and IS 250 at the New York Auto Show this afternoon and I must say that the next generation IS looks outstanding. In total, Lexus will introduce 4 different IS models in 2006, with a combination of RWD and AWD. Anyhow, back to the present. Let's take a look at the lease programs for the cars that you are interested in.
If you were to lease a 2005 Acura TL without navigation through American Honda Finance Corp. right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00345 and 66%, respectively. Its 3 year, 15,000 miles per numbers should be a much more attractive .00220 and 58%.
If you were to lease a 2005 Lexus IS 300 E-Shift without navigation through Lexus Financial Services right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00215 and 58%, respectively. Its 3 year numbers for an otherwise identical lease should be a much more attractive .00103 and 53%.
Comments
Assuming 3.0 model
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you'll do better with the 3.0... In addition to the better numbers, automatic and moonroof are no charge..
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I am Leasing two Cars in South Florida. Do you have the Residuals and MF on a 24 and 36 month lease for the 2005 Audi 1.8T convertible
I also need the Residual and MF on a 39 and 48 month lease on a VW Touareg(V6).
Thank you,
36 mo/15,000 miles year
I understand it has a 53% residual. Can you help me with the Money Factor?
I think I am getting a great deal on the negotiated price and on my trade in. Now I just need to know what to expect as payments -- especially what will be due at signing.
Thank you!!!
RG
Then you are stuck when whoever else your dealer(s) deal with or someone 3rd party like LC. Since there is so much variation in what different lease banks and dealers will do, I don't think it would be much help. To bad you and I can't get our own lease deals by contacting the lease banks directly....
I test drove the S60 when it came out, and aside from NO back seat leg room it was OK. I am thinking about an R car myself, but due to the leg room issue would get the V70r instead. They are a lot harder to find, since they don't sell well dealers don't order them.
Dennis
I am considering three cars (but only two for the purposes of this post) -- Acura TL 5A w/NAV, and the BMW Z4 3.0 Sport, Premium, Steptronic, Heated, and Xenon. I have two initial offers, and wanted to see how they stack up versus what my best perceived deal could be based on your expertise and experience.
Both vehicles are LA (as in Louisiana) vehicles, with an 8.75% Sales/Use tax rate.
First, the TL, which is a 36/36k Lease:
MSRP = $35,670
(+) $619 for rear spoiler
(=) $36,289 MSRP
Sales Price = $34,427 + T.T.L.
Residual = $21,222.30
$0 Cap Cost Reduction = $1000 drive off (including 1st month's pmt)
Monthly Payment = $656
They did not quote me a money factor, but I came home and Guess/Checked/Revised my way to the quoted payment using Edmunds lease calculator, and have roughly figured out that the money factor for this lease must be somewhere right around .004075, or 9.78% APR! Is this right?
Regardless, what's the best deal you think I could get for this?
Also, I am considering a BMW Z4 3.0, which is a 36/30k Lease:
MSRP = $48,070
Sales Price = $42,070 + T.T.L.
Residual = $28,361.30
$0 Cap Cost Reduction = $852.80 drive off (including 1st month's pmt)
Monthly Payment = $660.30
They did not quote me a money factor, but I came home and Guess/Checked/Revised my way to the quoted payment using Edmunds lease calculator, and have roughly figured out that the money factor for this lease must be somewhere right around .003147, or 7.55% APR! Is this right?
Regardless, what's the best deal you think I could get for this?
I spoke to the dealer and they want to "SmartBuy" (ballon) and not lease -- Is this a problem?
-----------------------------------
VUE FWD 4 Sport Plus
$199.00 per month 39 month lease
38 monthly payments
$0 due at lease signing for qualified leasees
No security deposit required.
Tax, title, license and retailer fees are extra.
Lease payments based on specially equipped VUE FWD 4 Sport Plus with M.S.R.P. of $18,345.00. 38 monthly payments total $7,562.00 with a capitalized cost of $18,940.00 and a residual value of $11,608.00. Option to purchase at the lease end for amount to be determined at lease signing. Primary lending source must approve lease. Take delivery by 03/31/05. Mileage charge of $.20 per mile over 39,000 miles. Lessee pays for maintenance, repair and excess wear. Payments may be higher in some states. Not available with some other offers.
Excludes 5/60 extended vehicle coverage and personalization allowance.
$497 down, 233 lease per month for 48 months, Of that, 211 is principal, lease fee is 5.85 with 16.06 tax. Money factor .00011
or .00021
Residual is guaranteed at 8845 when choosing the 12k miles per year plan.
I would do this with the idea of then purchasing my own used car by financing the residual.
It seems to me that the lease period would cost me only 280.00 in total interest over those four years and the rest of the payment would be like making a monthly down payment.
The 8845 residual I would have to pay/finance is lower than projected for such a car (as projected using Edmunds data).
I'm hoping I won't be so poor in four years and that a financed monthly will then be more feasible (kids out of college).
Am I missing something. Is this a dumb deal?
Thanks so much.
http://www.bmwusa.com/vehicles/3/32...s.htm?PanelID=4
BMW's lease offer is based on a MSRP of $31,270. According to the web sites I have visited, dealer invoice is $28,750 (with transmission and destination fee included).
Here are my questions:
1) Is it possible to negotiate a lower price, and then base the lease off that?
2) If a lease is paid off at inception, are there any fees which I could have waived? (security desposit?)
3) If I were to pay the lease off at inception, what would be a fair amount to offer, or accept?
Thank you for taking the time to read my post, I look forward to any advice.
Michael
You didn't say where you are location or how the Maxtrix is equipped - so I looked at the cost of a Matrix XR FWD w/auto and value pack #2, ABS and stability control (you WANT both of these options, for sure) and got $19,020 MSRP and $17,614 dealer cost. In my area there is also a $500 customer rebate on the Matrix so if you assign that to the dealer then actual dealer cost is $17,164. So depending on where you are, $18,300 is not that good of a price.
If the money factor is 0.00021 then to get your non-tax payment the cap cost would be $18,977. So I assume the dealer has added a "doc fee" and the acquisition fee to the cap cost?
If you were to finance the car (using $18,300 + tax) it looks like $372.69/mo 60 months at 5.15% (total of $22,361.40) or $324.64/mo for 72 months at 5.86 % (total of $23,374.08)
If you financed the residual + tax at the end of the lease it looks like $289.91/mo for 36 months at 6.15% interest. That is a total of $10,436.76
The lease will cost you $11,681 over 48 months so combined it will be $22,117.76 over 7 years.
So if you compare the 72mo purchase vs lease/buy it is cheaper (given CURRENT RATES) to do the lease/buy.
You do need to get the money factor nailed down and you do need to find out about the rebate (if any in your area) and you do need to get them closer to dealer cost - and get all the numbers going into the cap cost and where your down payment is going.
You could also look at the Altima or Accord lease deals. Both are around $1500-$2000 out of pocket and $199 plus tax per month (24 months for the Altima and 36 months for the Accord). The Accord purchase at the end of the lease looks decent, the Altima price will be too high.
Dennis
Dennis
So yes, you should be able to negotiate a better deal - something well below invoice. I see $29,018 as dealer cost with just the auto as the only option.
I think there is no security depost with an upfront lease and they will reduce the MF by quite a bit (but there is still a MF) if you pay it all up front.
As of last month, the BMWFS rates for a normal lease on a 325i are 36m/45k mi: 56% 0.00225 and 36m/36k mi: 58% 0.00225
Dennis
Thanks.
I think the balloon payment deals are ways to avoid the liability issues in some states (NY) and to help with taxes in other states (TX, I think).
Dennis
I am looking for the 36 month, 12k miles/yr, money factor, residual, and lease $ incentives for the following cars:
***2005 Cobalt LT
***2005 Malibu Maxx LS and LT.
Additionally, what is the GM lease aquisition fee?
Finally, is the additional $1000 March Madness cash on some cars applicable to leases, or is it good towards purchase only?
I am located in Tampa, FL.
Thanks - Damon
To find those, please use the make/model drop-down menus under "browse by vehicle."
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I am looking to lease '05 LS 430 UL for a 36 month plan. Please let me know what to look for. What kind of payments would i be looking at. The money factor, residual, other terms i should be familiar with. I will be buying tomorrow-3/23/05. Thanks
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The current Base MF and Residual for the TL you specified over the lease term is .0022 and 59%, respectively. If your Cap Cost included the $595 acquisition fee and you assumed that Acura did not hike up the MF by .00015 by avoiding a security deposit, I calculate a monthly payment including 8.75% tax (but not title or license) to be $527. ($536, if avoiding the security deposit causes the MF to go up .00015--remember this MF change is just an estimate based on what I've seen on this forum)
Now for the BMW, the current Base MF and Residual are .0020 and 59%, respectively. Assuming the same scenario as in the Acura as far as Acquisition and Security Deposit goes, I calculate a tax-included monthly payment to be $567. ($579, if avoiding the security deposit causes the MF to go up .00015--remember this MF change is just an estimate based on what I've seen on this forum)
Your drive off costs in both cases would be 1st monthly payment plus T&L. You are getting reemed with these current deals. Keep in mind that there is a $4500 cash to dealer incentive right now that I'm pretty sure can be applied to leases. You may be able to knock down your Cap Cost quite a bit still. I hope this helps you out.
Mister22
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Also do BMW representatives say what the base MSRP will be for it?
Thank you.
hpowders
I was quoted 555 for 3/36 in ny. Touring model with side moldings and blk running boards
msrp was 40295 and sale price is 37295
295 and 595 for accessories. no $ down taxes in payment.
also was quoted from another dealer 599 27/12 with no $$ down only side moldings.
Can I do any better?
what are the correct mf and residual #'s
both were ahfc leases
THX
Nbty
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hpowders
Is the sales tax on automobiles 5% in Alexandria, VA?
I have been in negotiations with an Acura dealer in South Jersey, and have negotiated the following deal. I would appreciate any advice on how this deal looks:
48 month term at 12,000 miles per year,
Negotiated Selling Price: $25,300
Monthly Payment $337 (includes 9% lease tax for Pennsylvania)
Due at signing: 1st Months payment ($337) + Tags ($178) + Bank Fee ($595) = $1,100
Thanks!
you said my quote is high(555) but you came up with 465 plus I have to come up with taxes(37 a month plus up front 1095 and 900 in accessories( running boards and molding)
also he said just pay dmv fee at pick up no sec or 1st pyt
Never EVER lease a vehicle longer than it's warranty.
2005 Acura TL non-navi
2005 Lexus IS300 non-navi
wanted to know MF and residual for both
at 24mo/30k and 36mo/45k
Thanks again!!!
She is looking at doing a lease then buy, as a way of making the payments more affordable.
The Matrix would have a 60/60k powertain warranty on it, but if she decides she wants to turn it in then everything else (that is out of warranty) has to working or repaired at her expense. Of course, it IS a Toyota so what could break :-) ?
Dennis
(This is a repost of my request from post #18121)
I saw your previous post #17880 regarding '05 Subaru Forester X for 36 months/12 K miles at .00100 and 48%.
Here are my questions.
1. What are the residual and base money factor for '05 Forester XS LL Bean edition for 36 months, 12K miles, both with and without security deposit.
2. Do these rates allow you to use the $1750 Rebate currently being offered by Subaru?
3. Are there any dealer incentives, other than the $1750 Customer rebate that I should be aware of prior to negotiating the purchase price?
Thanks again. You are quite the asset for us car buyers.
Gregg
I'm looking to lease a new 2005 ES 330. MSRP is $38,159 on a 48 month lease 12,000 miles per year. I believe the ES330 is the "volume" vehicle in the Lexus line, but how negotiable in general are they off MSRP? My sales rep is saying they "aren't like ford or chevy". Also, I'm being quoted $628 per month on this lease (with $1260 for sec deposit, fees, & 1st pymt)...is this a good deal? Thanks!
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Lexus is not providing any sort of lease support on the 2005 LS 430 at this time. As a result, if you were to lease one through Lexus Financial Services, you would have to use its standard lease program. The last time that I saw it, LFS' base standard money factor for consumers who qualify for its top credit tier (Sign and Drive +) was around .00215. Its 36 month, 15,000 miles per year residual value for a lease of an '05 LS 430 Ultra Luxury without the Pre-Collision option is currently 51%. If you need more tha 15,000 miles per year, you will have to purchase additional miles on a per-mile basis. It is cheaper to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Again, let me know this car's prices and I will estimate a lease payment on it for you.
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Great info! I'm looking for some guidance re: what money factor and residual to expect. Will be leasing an Infiniti M35x with Journey & Technology Pkgs w/ full size spare -- $45,739 invoice/$50,160 msrp. Can put up $3000 cash. Will lease for 36 mos and need 20K miles per year - 60K total. I'm in Monmouth county, New Jersey. What can I expect? Another question - Is it true that the dealer won't or can't negotiate on end of lease buy back of my fully loaded '02 I35 lease return? It's a great car for my 17 year old daughter. The residual/buy-out is $15,700? Thanks very much!
George
If you were to lease a 2005 Acura TL without navigation through American Honda Finance Corp. right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00345 and 66%, respectively. Its 3 year, 15,000 miles per numbers should be a much more attractive .00220 and 58%.
If you were to lease a 2005 Lexus IS 300 E-Shift without navigation through Lexus Financial Services right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00215 and 58%, respectively. Its 3 year numbers for an otherwise identical lease should be a much more attractive .00103 and 53%.
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