Thanks for taking the time to post your message again, Gregg. According to the latest information that I have seen, if you were to lease a 2005 Subaru Forester XS LL Bean Edition 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 .00110 and 51%, respectively. This lease program requires that you pay a security deposit. I am not sure exactly how much Subaru raises its money factors by for consumers who want to have their vehicle's deposit waived, but with most banks the increase is either .00010 or .00015. This lease program cannot be used in conjunction with the customer cash. I do not believe that Subaru is currently providing any sort of dealer cash on the '05 Forester.
Hi- question for you. We recently leased a 2004 VW Toureg, have had it for 7 months and have had nothing but problems with the car. Although the issues are minor (replaced column shaft, caution lights going off intermittenly, etc.) we have had such a horrible experience with VW overall that I want to just give the car back and be done with it. Is that even possible without horrible penalities? Is there anything under the Lemon Law that would allow me to get out of the lease? We have a 48 month, 60,000 mile agreement. Any insight would be greatly appreciated...thanks!
OK OK OK just one more... What about a 2005 BMW 330i auto/non-navi. Looking for a 24mo/30k or a 36mo/45k lease numbers. Thanks, you've been an unbelievable help.
Thanks for the advice. Below, I have included the MSRP for the 2005 Acura TSX, as well as reposted the deal numbers. Thanks for all your help!
MSRP $27,560 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
Loved cars all my life, now hate the entire idea. Expensive gas, hyper-inflated everything. Need a cheap lease personal car; plan a move from LA to Manhattan (where I won't need one) and would prefer short term. Currently driving a BMW Z3, which I will sell/trade, as best deal warrants. Yes, I've had my fun car; time to move on. Any advice will be greatly appreciated. [Donna]
Hey Car_man, got another Mazda I'd like some information on. Could I please get the MF and residual on a 2005 Mazda 6 for a 24 and 36 month lease with 12,000 miles? And could you tell me if there's any difference on those numbers based on what trim line you get? Thanks a lot.
Called back dealer got him down to 550 month 36/12 touring 40295 msrp plus 1000 in acessories and 1095 bank fee in payment. first payment and refundable security at signing let me know if this is a good deal or if you think I have room to get better deal.
Hi Car_man, One of the Toyota dealers quoted me $378/Mo for 36 Months., $1000 down on a V6 AWD Highlander Limited ( MSRP about $35.5K, but Toyota has a cash rebate of $750 ) and $373/Mo for the 4Runner Sport V6 4WD, with the same terms as the HL. The HL is loaded ( the only things missing are NAV and DVD ), but the 4Runner just has Sunroof, Rear Spoiler and the Upgraded Audio ( MSRP of $31,350 with a similar rebate). There is something wrong with his calculations, definitely on the 4Runner Sport V6 4WD. What do you think ? I can lease the Acura MDX Base for $399/Mo for $999 down, 36 Months Lease. Do you think that is a better deal than either of the two Toyota's ? The MDX has a MSRP of $37,420. On the Internet, I was quoted a MSRP of $34,500 on the MDX and a monthly lease of $370 with $999 down, 36 Months 12 K miles annually. Is that a fair deal for that vehicle a this time ? Thanks so much. You have been very helpful. Regards
Thinking of leasing a M35 in IL . Can I get the residuals and money factors for the 2 configurations outlined below.
M35 RWD with journey package only
36 or 39 months, 12 or 15k miles per year.
M35 AWD with journey package only
36 or 39 months, 12 or 15k miles per year.
I've seen somewhere on one of the forums where someone said they received an offer for $499 month for a M35 rwd with journey package for 39 months, 12k miles per year with $1,000 down. Is this even possible?
How short a term? Less than 2 years you might look at one of the lease assume places on the web and see about taking over the end of someone else's lease.
For cheap 2 yr, the Altima lease deal is hard to beat. $199 a month for a 2.5s with a little out of pocket. For cheap 3 year the Accord LX deal is $199 a money with a little out of pocket.
Keep in mind that with the NY liability laws you will not have an easy time keeping a lease car in NYC.
Sorry for all your problems. I am hearing nothing but bad news from VW these days and I don't recommened any of their cars now.
I would suggest getting a copy of your state's lemon law and see what provisions it has and then consult an attorney with some experience in this area.
Some folks think that leasing or financing with the captive finance arm or the company gives them some leverage with these problems. I don't think it helps - you have to keep paying the bills no matter what. Your recourse is with trying to get VW to buy the car back - more or less from itself.
Doing a little research for my neighbor (just ordered 545ia on Sat. for myself through Euro. Delv.) and I've got the MF's and residuals for March 3 Series but I'm seeing reference on other postings of "incentives." Is their actual manufacturer money back on any models? I've checked the incentive section of New Cars and I'm not seing it but sometimes, its not the most up to date.
Sorry to bother you again so soon, but can you please provide the residual and base money factor, both with and without security deposit for the following. Also, any cash incentives or rebates that can be used with leasing that I should be aware of?
36 and 39 months, 12K miles 2005 Honda Accord (4 cyl) Sedan Auto LX EX & Ex w/leather & LX V-6
Scroll down to BMW, under 3 series over to the rigth is says "marketing support" under manufacturer to dealer. Click on the link and there is a another link for each 3 series sedan (325i, 330i, 325xi, 330xi). It shows $4,000 for the 330xi, $4,200 for the 330i, $1,500 for 325xi, and $2,500 for the 325i.
The 4 bangers both have promo lease deals which are spelled out on the Honda web page under "current offers".
The LX is $199/mo for 36 with $1500 cap cost reduction and $2500 out of pocket. The effective interest is 0.912%
The EX is $249 a month for 36 with the same out of pocket. The effective interest is about 2.7%.
Both have discounts from the dealer figured in (where the dealer makes around $600).
Honda just started a new incentive of up to $600 on Accords. The more a dealer sells, the more the get on each one - up to $600. So at a high volume dealer you should be able to negotiate the price down to dealer cost on this deal.
You can finance any Accord for 2.9% for 60 months as well.
Can't help you with special lease deals on the V-6 models, I don't think they have a special discounted deal like the LX does.
All of this info is available on the Honda page and has been posted in this forum several times now.
Hello dlee3. $628 per month to lease a Lexus ES 330?! That is definitely too much. While you may not be able to lease this car right at invoice like many domestic products, you definitely should be able to negotiate a discount on the ES 330. In fact, I would say that you should be able to negotiate at least $1,500 off of this car's MSRP, if not more. For more informaiton on what others are paying for this car, stop by the following forum: "Lexus ES 300/ES 330: Prices Paid & Buying Experience".
I need the exact selling price of this car to calculate a lease payment on it for you, but for now I will work up a sample lease payment for you assuming a $1,500 discount. According to my calculations, if you were to lease a 2005 Lexus ES 330 without navigation, with an MSRP of $38,159 and a selling price of $36,659 through Lexus Financial Services for 4 years with 12,000 miles per, your zero down, pre-tax monthly payment would be around $455.
Hi Mikey. Infiniti is not providing any cash incentives on the 2005 G35 Sedan right now, but it is providing a little lease support on it. If you were to lease this car through Infiniti Financial Services prior to the end of the month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00179 and 60%, respectively. The numbers for an otherwise identical 42 month lease should be .00179 and 57%.
Thanks George. Let's take a look at the current lease program for the car that you are interested in. If you were to lease a 2006 Infiniti M35 AWD through Infiniti Financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00178 and 60%, respectively. If you need to drive more than 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 a penalty for excess mileage.
Your dealer will not negotiate the lease-end purchase price of your current car with you because it has no authority to do so. Only the bank that you are leasing your car through can negotiate its purchase price. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value.
I am sorry to hear about all the problems that you have been experiencing with your Touareg. Volkswagen makes outstanding drivers' cars, and trucks in this case, but every once in a while they turn out a real clunker that has nothing but problems. VW definitely is not up to the level of most Japanese automakers in terms of reliability. The only way that you will be able to get out of your lease right now without spending a ton of money is to have it declared a lemon or to convince VW to buy it back from you without going through the lemon law proceedings. Unfortunately, it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Another huh, lycanthris. That was quick . OK, if you were to lease a 2005 BMW 330i through BMW Financial Services right now for 24 months with 15,000 miles per year, its base lease money factor and residual value should be .00225 and 61%, respectively. The numbers for an otherwise identical 36 month lease should be .00225 and 52%. When negotiating your lease on this car, keep in mind that BMW is providing $4,200 dealer cash on it. This money will help you to negotiate an attractive capitalized cost.
No problem, jaykrue. thanks for the additional information. Let's calculate a lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2005 Acura TSX without navigation with an MSRP of $27,560 and a selling price of $25,300 through American Honda Finance Corp. right now for 4 years with 12,000 miles per, your zero down, pre-tax monthly payment should be around $310. At lease signing with this deal, you would have to pay this car's first month's payment, a security deposit of $350, and an acquisition fee of $595. The payment that you were quoted looks reasonable to me.
Let's work up a payment for you, gi2indking, and see what we come up with. According to my calculations, if you were to lease a 2005 Infiniti G35 Coupe with an MSRP of $36,480 and a selling price of $34,200 through Infiniti Financial Services right now for 39 months with 12,000 miles per, your zero down, pre-tax monthly payment should be around $437.
Here you go, andyhiggs. If you were to lease a base 2005 Mazda6i Sedan through its captive finance company right now for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00083 and 53%, respectively. The numbers for an otherwise identical 36 month lease should be .00083 and 45%. This car's lease program varies by trim level, so if you are interested in a different version than the one that I mentioned let me know.
Hey shaker58. I already told you how much I thought this truck should cost to lease in my earlier post. 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%. If you would like, you can take this money factor and residual value along with any revised pricing and plug it into the following lease calculator: Edmunds.com Lease Calculator.
Although I agree with your advice to stay away from VW, (I can certainly give you my share of personal horror problems with both the car and company.) I think if someone wants the feel and safety of a German car Jetta, Golf or Beetle leases at about $200 per mo for 36 mo are an excellent deal. Just accept the fact that you will have some problems and a whole lot of attitude when you complain (same as BMW, Porsche and Audi although BMW is the "nicest" of this attitude group). If you can't accept this then get a Honda, Toyota etc. Also be prepared to put up with VW attempting to get away with silly charges at lease end. (They tried to get away with charging for dents UNDER the car.)
Greetings dguptaofnj. You never mentioned the selling prices of the trucks that you are interested in leasing. These are important numbers 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 trucks 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 trucks that you are interested in for you if you let me know what their selling prices are.
As far as which vehicles have the most attractive lease programs on them right now, I would say that Acura's lease program on the MDX is probably a little better than Toyota's lease programs on the 4Runner and Highlander. This is not only because the MDX has higher residual values, but also because the way that Toyota Financial Services calculates lease payments (not allowing the full residualization of some options) makes it more expensive than it should be to lease through it.
Here is the information that you are looking for, jbtwo. If you were to lease a 2006 Infiniti M35 RWD through Infiniti Financial Services right now for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00175 and 59%, respectively. The numbers for an otherwise identical lease of a M35 AWD should be .00178 and 59%. If you were to lease these cars with only 12,000 miles per year, their residual values would be 1% higher. I would be more than happy to calculate sample lease payments on these cars for you if you let me know what their full MSRPs and selling prices are.
The Toyota Highlander Limited V6 AWD has a MSRP of $35,355 and the selling price is $32,250 with all the options I am looking for. The Toyota 4Runner V6 4WD Sport, inclusive of the options I, has a MSRP of $33,670 and a selling price of $31,350. Could you let me know what should be the monthly lease payments, with Cap Cost Reduction of no more than $1000 upfront ?
The MDX Premium has a MSRP of $37,420 and the selling price is $34,115. With $999 down, the lease payment I have been quoted is $367.50, which is significantly lower than the $399 lease program from Acura. Is this really a good deal ?
How is the Auto Show ? Did you see the 2006 M Class ? Will there be a good lease program on it at this early stage ? A got an E-Mail from a dealer in NJ, stating that they will have the car by the week-end. Is it worth considering ? Regards
Thanks for the info on the Mazda6, Car_man. Sorry to be a pain, but could I also please get the MF and residuals on the 2005 Mazda 3s Sedan for a 36 month, 12,000 mile lease as well as a 24 month, 12,000 mile lease? Thanks in advance.
I'm trying to convince my wife to let me lease a G35 instead of an Accord Could you give me the money factor, residual, and payment for the following leases, assuming nothing down but first payment?
1. Accord EX-L V6 Sedan: $23,673 Sales Price; $27,635 MSRP; 36 months/12,000 miles per year. 2. G35 Base Sedan: $28,989 Sales Price; $31,460 MSRP; 39 months/15,000 miles per year. 3. G35 Sedan w/Premium Package C: $32,005 Sales Price; $34,960 MSRP; 39 months/15,000 miles per year. 4. G35x Sedan w/Premium Package C: $33,656 Sales Price; $36,760 MSRP; 39 months/15,000 miles per year.
Also, do these prices assume that I'm also paying an acquisition fee? If so, how much is that and is that included in the payments? I live in Indiana.
Hello Mr. Car_man. Can you please calculate the lease payments on a 2005 S40 T5 FWD with 12k miles/yr and a 27 mo term and no down payment? The MSRP is $31,855 and the sale price is $28,088. Thanks in advance!
I was wondering if you can help me with a couple items. I am trying to determine which is the better lease program to take on the 2 cars below. I am looking at a 2005 Infiniti G35 Coupe and a Acura TL. Both base model 6 speed MT. Can you give me a lease quote with the rate and residual for 36 or 39 month leases based on sale prices of $1000 over invoice? 15k per year. 0 cap reduction. I am being told some crazy acquisition fees etc when the web sites say differently. I am in FLORIDA if that makes a diff. Also, I am being quoted payments in the 5's on the G Coupe for a base 6 speed. Doesn't add up! Thanks for your help!
For $200 - get the Accord LX lease deal. Better car (but you are right, not as much a driver's car) - and Honda "forgives" up to $1,500 at lease end. You also would probably not have to be at the dealership in the 3 yrs except for oil and filter changes.
Audi = VW and is big problems too.
I have a BMW now and lots of friends with them and they really have taken a downturn in reliability. One had his new 5 replaced since they never could fix it. Very nice driving cars, but I am not sure I could recommend folks get them any more - not even for a lease.
Car_Man, I went back to the dealership and I asked the dealer to punch for me the numbers of the deal on the Internet. He did it and then he finally showed me a sheet that they have from SAAB for their monthly deals. In there the following info was listed:
MF = 00016 (if Security deposit waived) or 0.00001 if not waived.
It also stated that they are getting 3000 lease cash instead of the 4000 you mentioned and the dealer profit was around $600.
The dealer mentioned to me that given that in order to meet those numbers the initial Cap cost reduction was so low, the GM supplier discount would make no difference.
I think the guy was straightforward but I wonder whether there is someting still wrong in this picture?
Note to everyone: Leases are not for rushing - I had to go several times over the number break-down and I (and the saleman agreed) found out several errors on the numbers.
I forgot to mention that if you agree to pay 0.0001 higher money factor with Honda Financial they will waive the security deposit.
Also, any of the lease deals can be done with nothing up front (just first month's payment) by rolling in the acq fee and security deposit (if any) taxes and tags into the cap cost. Of course, the payment is higher if you do this. You can also put more money down than the promo lease calls for, but why would you?
In the case of the LX promo, with a < 1% money charge I would think a little out of pocket the better - since it is about free money.
The last thing I saw from CarMan on this indicated the current money factor on the V-8 STS was 4.75%. I'm not sure about the current residuals, but I'm sure he can tell you.
The only incentives I'm aware of on the STS is a $1500 rebate on cars that have been on dealers' lots more than 120 days.
I have been negotiating with some dealers in Illinois for my next car, hoping that I can get a better price than in Indiana, my home state. Yesterday a dealer in Chicago (Grand Honda) told me something that just floored me.
He said that if I leased a car in Illinois, I would have to pay Illinois sales tax (8.75%) on the ENTIRE sales price of the car (not just the depreciation), and in addition I would also pay Indiana sales tax with each lease payment!
So take a car that I can buy for $20,000. He was saying that I would add 8.75% for the Illinois tax ($1,750), thus making the total $21,750. Then the lease payments would be calculated based on that total, and then Indiana sales tax (6%) added to each lease payment.
That seems ridiculous! Was that guy on drugs or something? He said this was some new law as of February.
This looks right. I just searched around and it didn't take long to find that this is true in Illinois and Texas. If you lease in either state, you have to pay sales tax on the full purchase price of the car at signing. MAN, I'm glad I don't live in Illinois.
Wanted to confirm with you that the acquisition fee through American Honda finance for TL lease in New York State is 1059 as compared to the 595 I've seen listed for others. Than you
I was quoted info from one dealership. I presented the quote to another dealership and they said that the monthly figure did not add up correctly. the first dealership said the lease was $412.17 including tax per month. the second dealership using the same info said the figures added up to $427. including tax a month. who's right?? I would appreciate any info- I'd like to sign a lease tomorrow. The figures were based on: 2005 Honda Pilot EX-L 36 months 15000 miles/yr $0 down 8.75% tax rate Tax included in payment money factor= .00154 (approx APR 3.7) residual value= 58% = $19044.30 lease is based on a selling price of $29179.
I appreciate anyone's help. I am so confused and would like to resolve this so I can sign a lease and feel good about it. Thanks in advance for your help- Betsy -
I think he's wrong... If he is leasing a car to a non-resident, no sales tax will be collected by Illinois...
Now, if you lived in Illinois, leased the car, paid tax on the whole thing (that part is correct), then moved to Indiana.... then, you would have to start paying tax on the payment, and would be appropriately screwed...
Comments
Car_man
Host
Smart Shopper Forum
What about a 2005 BMW 330i auto/non-navi. Looking for a 24mo/30k or a 36mo/45k lease numbers. Thanks, you've been an unbelievable help.
Thanks for the advice. Below, I have included the MSRP for the 2005 Acura TSX, as well as reposted the deal numbers. Thanks for all your help!
MSRP $27,560
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
Current configuration I am looking at is with premium package, splash guards, and trunk mat.
MSRP of this vehicle is 36,480. Invoice is 33,420. I would assume that a fair Cap cost (based off carsdirect price)would be around 34,200, maybe less.
I would like to lease with 12k miles a year for 36-39 months with zero down. (cap cost reduction)
Car_man can you run some numbers for me. I would appreciate it very much!! Thanks!!
Thx
One of the Toyota dealers quoted me $378/Mo for 36 Months., $1000 down on a V6 AWD Highlander Limited ( MSRP about $35.5K, but Toyota has a cash rebate of $750 ) and $373/Mo for the 4Runner Sport V6 4WD, with the same terms as the HL. The HL is loaded ( the only things missing are NAV and DVD ), but the 4Runner just has Sunroof, Rear Spoiler and the Upgraded Audio ( MSRP of $31,350 with a similar rebate). There is something wrong with his calculations, definitely on the 4Runner Sport V6 4WD. What do you think ?
I can lease the Acura MDX Base for $399/Mo for $999 down, 36 Months Lease. Do you think that is a better deal than either of the two Toyota's ?
The MDX has a MSRP of $37,420.
On the Internet, I was quoted a MSRP of $34,500 on the MDX and a monthly lease of $370 with $999 down, 36 Months 12 K miles annually. Is that a fair deal for that vehicle a this time ?
Thanks so much. You have been very helpful.
Regards
M35 RWD with journey package only
36 or 39 months, 12 or 15k miles per year.
M35 AWD with journey package only
36 or 39 months, 12 or 15k miles per year.
I've seen somewhere on one of the forums where someone said they received an offer for $499 month for a M35 rwd with journey package for 39 months, 12k miles per year with $1,000 down. Is this even possible?
Thanks
Go to www.carsdirect.com and build this car. Using my ZIP code a $38,205 can be purchased for the no haggle price of $34,422 ($500 over dealer cost).
Then if you go to www.leasecompare.com and plug in these numbers the cost per month for a 48 month lease comes out to around $500 a month.
You should be able to get the GS300 or GS430 for the price you quoted.
Dennis
For cheap 2 yr, the Altima lease deal is hard to beat. $199 a month for a 2.5s with a little out of pocket. For cheap 3 year the Accord LX deal is $199 a money with a little out of pocket.
Keep in mind that with the NY liability laws you will not have an easy time keeping a lease car in NYC.
Dennis
I would suggest getting a copy of your state's lemon law and see what provisions it has and then consult an attorney with some experience in this area.
Some folks think that leasing or financing with the captive finance arm or the company gives them some leverage with these problems. I don't think it helps - you have to keep paying the bills no matter what. Your recourse is with trying to get VW to buy the car back - more or less from itself.
Dennis
Doing a little research for my neighbor (just ordered 545ia on Sat. for myself through Euro. Delv.) and I've got the MF's and residuals for March 3 Series but I'm seeing reference on other postings of "incentives." Is their actual manufacturer money back on any models? I've checked the incentive section of New Cars and I'm not seing it but sometimes, its not the most up to date.
Any info??
thanks and I'll be at the NYC show Friday!!
Sorry to bother you again so soon, but can you please provide the residual and base money factor, both with and without security deposit for the following. Also, any cash incentives or rebates that can be used with leasing that I should be aware of?
36 and 39 months, 12K miles
2005 Honda Accord (4 cyl) Sedan Auto
LX
EX
& Ex w/leather
& LX V-6
Thanks again,
Gregg
Thank you so much for your description of the new BMW 3 series.
Thanks also for the new MSRPs for these vehicles.
hpowders
http://www.edmunds.com/incentives/step1.jsp
Scroll down to BMW, under 3 series over to the rigth is says "marketing support" under manufacturer to dealer. Click on the link and there is a another link for each 3 series sedan (325i, 330i, 325xi, 330xi). It shows $4,000 for the 330xi, $4,200 for the 330i, $1,500 for 325xi, and $2,500 for the 325i.
Dennis
The LX is $199/mo for 36 with $1500 cap cost reduction and $2500 out of pocket. The effective interest is 0.912%
The EX is $249 a month for 36 with the same out of pocket. The effective interest is about 2.7%.
Both have discounts from the dealer figured in (where the dealer makes around $600).
Honda just started a new incentive of up to $600 on Accords. The more a dealer sells, the more the get on each one - up to $600. So at a high volume dealer you should be able to negotiate the price down to dealer cost on this deal.
You can finance any Accord for 2.9% for 60 months as well.
Can't help you with special lease deals on the V-6 models, I don't think they have a special discounted deal like the LX does.
All of this info is available on the Honda page and has been posted in this forum several times now.
Dennis
I need the exact selling price of this car to calculate a lease payment on it for you, but for now I will work up a sample lease payment for you assuming a $1,500 discount. According to my calculations, if you were to lease a 2005 Lexus ES 330 without navigation, with an MSRP of $38,159 and a selling price of $36,659 through Lexus Financial Services for 4 years with 12,000 miles per, your zero down, pre-tax monthly payment would be around $455.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Your dealer will not negotiate the lease-end purchase price of your current car with you because it has no authority to do so. Only the bank that you are leasing your car through can negotiate its purchase price. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value.
Car_man
Host
Smart Shopper Forum
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
As far as which vehicles have the most attractive lease programs on them right now, I would say that Acura's lease program on the MDX is probably a little better than Toyota's lease programs on the 4Runner and Highlander. This is not only because the MDX has higher residual values, but also because the way that Toyota Financial Services calculates lease payments (not allowing the full residualization of some options) makes it more expensive than it should be to lease through it.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
The Toyota Highlander Limited V6 AWD has a MSRP of $35,355 and the selling price is $32,250 with all the options I am looking for. The Toyota 4Runner V6 4WD Sport, inclusive of the options I, has a MSRP of $33,670 and a selling price of $31,350. Could you let me know what should be the monthly lease payments, with Cap Cost Reduction of no more than $1000 upfront ?
The MDX Premium has a MSRP of $37,420 and the selling price is $34,115. With $999 down, the lease payment I have been quoted is $367.50, which is significantly lower than the $399 lease program from Acura. Is this really a good deal ?
How is the Auto Show ? Did you see the 2006 M Class ? Will there be a good lease program on it at this early stage ? A got an E-Mail from a dealer in NJ, stating that they will have the car by the week-end. Is it worth considering ?
Regards
I'm trying to convince my wife to let me lease a G35 instead of an Accord
1. Accord EX-L V6 Sedan: $23,673 Sales Price; $27,635 MSRP; 36 months/12,000 miles per year.
2. G35 Base Sedan: $28,989 Sales Price; $31,460 MSRP; 39 months/15,000 miles per year.
3. G35 Sedan w/Premium Package C: $32,005 Sales Price; $34,960 MSRP; 39 months/15,000 miles per year.
4. G35x Sedan w/Premium Package C: $33,656 Sales Price; $36,760 MSRP; 39 months/15,000 miles per year.
Also, do these prices assume that I'm also paying an acquisition fee? If so, how much is that and is that included in the payments? I live in Indiana.
Thanks!
Ernest
Help! I am Going today to lease an Audi 1.8 convertible in South Florida. What are the Residual and Money Factors for a24 and 36 month lease.
Also what is audi,s Acquisition fee.
I was wondering if you can help me with a couple items. I am trying to determine which is the better lease program to take on the 2 cars below. I am looking at a 2005 Infiniti G35 Coupe and a Acura TL. Both base model 6 speed MT. Can you give me a lease quote with the rate and residual for 36 or 39 month leases based on sale prices of $1000 over invoice? 15k per year. 0 cap reduction. I am being told some crazy acquisition fees etc when the web sites say differently. I am in FLORIDA if that makes a diff. Also, I am being quoted payments in the 5's on the G Coupe for a base 6 speed. Doesn't add up! Thanks for your help!
Audi = VW and is big problems too.
I have a BMW now and lots of friends with them and they really have taken a downturn in reliability. One had his new 5 replaced since they never could fix it. Very nice driving cars, but I am not sure I could recommend folks get them any more - not even for a lease.
Dennis
MF = 00016 (if Security deposit waived) or 0.00001 if not waived.
It also stated that they are getting 3000 lease cash instead of the 4000 you mentioned and the dealer profit was around $600.
The dealer mentioned to me that given that in order to meet those numbers the initial Cap cost reduction was so low, the GM supplier discount would make no difference.
I think the guy was straightforward but I wonder whether there is someting still wrong in this picture?
Note to everyone: Leases are not for rushing - I had to go several times over the number break-down and I (and the saleman agreed) found out several errors on the numbers.
I forgot to mention that if you agree to pay 0.0001 higher money factor with Honda Financial they will waive the security deposit.
Also, any of the lease deals can be done with nothing up front (just first month's payment) by rolling in the acq fee and security deposit (if any) taxes and tags into the cap cost. Of course, the payment is higher if you do this. You can also put more money down than the promo lease calls for, but why would you?
In the case of the LX promo, with a < 1% money charge I would think a little out of pocket the better - since it is about free money.
Dennis
The only incentives I'm aware of on the STS is a $1500 rebate on cars that have been on dealers' lots more than 120 days.
Before you reply to this message, could you also give me numbers for the Infiniti assuming a $500 higher sales price for each configuration?
So it would be $29,489 for the base G35; $32,505 for the one with the premium package; and $34,156 for the G35x.
The reason I want both sets of numbers is because one dealer is willing to sell me the cars at invoice and other dealer is asking $500 over.
Thanks again!
Ernest
He said that if I leased a car in Illinois, I would have to pay Illinois sales tax (8.75%) on the ENTIRE sales price of the car (not just the depreciation), and in addition I would also pay Indiana sales tax with each lease payment!
So take a car that I can buy for $20,000. He was saying that I would add 8.75% for the Illinois tax ($1,750), thus making the total $21,750. Then the lease payments would be calculated based on that total, and then Indiana sales tax (6%) added to each lease payment.
That seems ridiculous! Was that guy on drugs or something? He said this was some new law as of February.
Ernest
who's right?? I would appreciate any info- I'd like to sign a lease tomorrow.
The figures were based on:
2005 Honda Pilot EX-L
36 months 15000 miles/yr
$0 down 8.75% tax rate
Tax included in payment
money factor= .00154 (approx APR 3.7)
residual value= 58% = $19044.30
lease is based on a selling price of $29179.
I appreciate anyone's help. I am so confused and would like to resolve this so I can sign a lease and feel good about it.
Thanks in advance for your help-
Betsy
-
Now, if you lived in Illinois, leased the car, paid tax on the whole thing (that part is correct), then moved to Indiana.... then, you would have to start paying tax on the payment, and would be appropriately screwed...
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator