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  • sharkalasharkala Member Posts: 48
    Hi Carman,
    You were very helpful with my lease of a porsche cayenne. I am now in the market for a 2005 Nissan Exterra SE, the only options are side moldings, splash guards, floor mats, wheel locks and cargo cover-
    the MSRP is 28,350 - selling price 27,500
    Can you give me residual and money factor-and
    the lease price for a 36 month and 48 month with 12K miles-
    I will probably be putting at least $1000 down-
    I heard that Nissan is offering rebates/incentives on this car
    thanks.
  • dwynnedwynne Member Posts: 4,018
    http://www.edmunds.com/incentives/step1.jsp

    Nothing showing on the Edmund's page except for the $500 grad money - does not mean there is not something else, but it would be a hidden factory to dealer money. Nothing shown on the Nissan page either.

    Dennis
  • mondmond Member Posts: 79
    They just posted April BMW 2005 325 lease deals, see above. They appear to be the same as March. So with incentive and no money down 325i should be well under $350 per month before tax. I think a lease deal is great when the pre tax monthly is about 1% of MSRP. In addition, although BMW isn't as intrinsically reliable as rising sun cars, they pay for all maintenance during warranty including brakes etc. That is probably worth about $200 per year in saved costs and many dealers give loaner cars when you bring it in for service.
  • dwynnedwynne Member Posts: 4,018
    The only really low MF is the 330i coupe at 0.0008 = 1.92% all the rest are higher - so I don't see that it is SMOKING hot as far as the MF goes.

    I think the residuals are high, which combined with up to $4,200 off on SEDANS would make for a good lease.

    Depending on driving habits, the oil change indicator on the BMW may not come on for 13k miles or more. If you go a year w/o it coming on you can go in and get a free oil change (no matter what it says). If you are on a 12k mile per year lease, this would be once a year change. With full synth at my BMW dealer that is about a $75 change you get for free. You do get free wiper blades and bulbs if you need them, but for MOST BMWs the benefit in a year may not even be but a single oil change. On a non-BMW with dino oil, most dealers will change it for $20-25 anyway - some will do customer's oil for a discount for "life" - at some price like $10-15.

    The BMW dealer always gives me a loaner - even for an oil change - if they have one (99% of the time) and I ask for a convertible if the weather is nice :)

    Out of warranty BMWs and out of maintenance BMWs can be a real drain on your wallet. Some can be a lot of trouble (like the new 5s) - but the E46 out-going 3 series is pretty stable.

    Dennis
  • selmselm Member Posts: 122
    This is very nice as it is a good reference. Does anyone have the money factors and residuals on the new 2006 3-Series?
  • tim916tim916 Member Posts: 7
    Does anyone know if BMW is offering leases in Rhode Island, and if so are they charging a higher aquisition fee?

    I did a search and it turned up some posts from 2003 that mentioned that RI had similar "vicarious liability" laws as NY and I was wondering if this was still the case. Thanks.
  • skinnydogskinnydog Member Posts: 20
    Are the the BMW dealer incentives compatible with the residuals and money factors posted above? Also do the residuals change depending on whether the car is manual or automatic?
  • wesamwesam Member Posts: 13
    Hey Car_Man,

    Could I please have the money factor, and resdiual rates for a 2005 Nissan Pathfinder LE 4WD? I'm looking to do either a 36 or 39 month, and 12k or 15k. Thanks a lot.

    Also, thanks for the G35 coupe rates you gave me a couple of weeks ago. I picked her up, and i'm in love :-)
  • love330convlove330conv Member Posts: 19
    I read somewhere about Disposition fee (at car turn-in time). Is that always charged? Can dealer mark it up? I am leasing a 2005 330Cic next week. Everything else is set - I thought I'll find out about this last thing too.

    Thanks.
  • mondmond Member Posts: 79
    Hi Dennis,
    I defined how to determine a smoking hot deal. I don't care about any singular aspect except the monthly payment with no down as the constant determinant, given equal miles and months, as long as up front fees are similar. A 36 mo lease at 12k mi that comes in at about 1% of MSRP is an excellent deal no matter what factors such as, residual, money factor, incentives etc get you there.
    Regarding maintenance costs. As long as I perform maintenance that maintains my warranty under lease I don't care how many oil changes I need to get. The point is that most rising sun cars will require X service at X miles at X price while you are leasing the car. That will probably average about $200 per year depending on the brand, especially when you factor in things like all fluids, wipers, bulbs, brakes etc.
  • corvettecorvette Member Posts: 11,284
    I assume you mean 1% of MSRP per month. It may be difficult to achieve that figure for most cars, but I guess if you are flexible about what car you want (Accord, Civic, ION, etc.), it can be done. I think the RX-8 lease deal several months back was an awesome deal, since it was a very sporty car at an attractive price. I don't remember what the actual numbers were for it, though.
  • nospamnospam Member Posts: 54
    Interesting - I'm seeing conflicting information on the 1.9% / 2.9% financing...

    valm, "Infiniti G35: Prices Paid & Buying Experience" #2269, 6 Apr 2005 7:01 pm

    If this is true - perhaps we are in luck and the terms on my 39 month G35x will still be attractive.
  • kmouradiankmouradian Member Posts: 40
    Carman,

    It's me again. If it isn't too much trouble, could you please provide MF and residuals on a 2005 Acura RSX Type-S? 36months, 15k yr. Also, what is the acquisition fee and is there a security deposit necessary with Acuras?

    Thanks a bunch!
  • mondmond Member Posts: 79
    Yes corvette, I mean 1% of MSRP per month constitutes an excellent lease deal. By the way, I agree about the RX-8 deal. I was disapointed that when I was in the market the deal was gone and Mazda seems uninterested in moving their RX-8 while many dealers are still sitting on 2004s. It was great fun to drive but there are no deals and the lease numbers came up stupid, so I walked. I also think that as gas prices increase they will have even greater problems turning the RX-8. When you consider the gas consumption of a Z4, Boxster or S2000, compared with an RX-8, the difference can easily be over $50 a month at today's prices, not to mention the pleasure of owning a fast sports car that only consumes about as much gas as an economy car. It's the best of both worlds.
  • dwynnedwynne Member Posts: 4,018
    I think so, the money is cash to dealer money to help move out the rest of the "old" 3 series model before the new ones arrive.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    It depends on the lease bank, but a lot (most?) 3rd party banks have them. Captive lease banks many times do not. It is spelled out in the lease contract - just check it out before you sign.

    I honestly can't remember on my BMWFS lease, since I sold the car off the end of the lease and did not turn it in. I am thinking BMWFS contracts to not - but again it is spelled out in the lease.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    The 3rd party lease banks don't think the RX-8 will retain value - they set the 3/36k residual at less than 50% (48 or 49, last time I looked). The funny thing is that Mazda financial does not seem to be any more sure of its future value since the last time I checked their residual was about as low. And I think they are right, given the current $4,000 off all the left over 04s and the ability to get an 05 for invoice or less. Of course, if Mazda leases us RX-8s then at the end they will get them back - and they can't sell them now so they really don't want to lease them and get them back.

    The G35 coupe and S2000 lease a LOT better - with residuals in the high 50% range. I get 23-24mpg commuting in mine, and 26-27 just driving arond, and even better on a trip via the interstate. You can also get them near invoice now. A G35 coupe will cost more (with some options) but does have an even higher residual.

    Do you rember the deails of the "hot" RX-8 lease? I was going to try to find them in the forum here if they are posted.

    Dennis
  • corvettecorvette Member Posts: 11,284
    See message #15805. There was $4500 in total lease cash, plus that poster got the $500 college graduate incentive. I seem to recall a similarly low number for a 24-month lease.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I've finally had an opportunity to take a look at Infiniti's April lease program. Here is the information that you are looking for, Ernest. If you were to lease a 2005 Infiniti G35 AWD Sedan through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00172 and 58%, respectively. The numbers for an otherwise identical 39 month lease should be .00172 and 57%. If you were to lease this car with only 12,000 miles per year, its residual values would be 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Ernest, I see that you are also interested in getting an idea of what the current lease programs are for the Acura TL, Acura MDX, and Honda Accord. According to the latest information that I have seen, if you were to lease a 2005 Acura TL 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 .00220 and 58%, respectively. The numbers for an otherwise identical 39 month lease should be .00220 and 54%.

    If you were to lease a base 2005 Acura MDX through AHFC right now for 36 / 15, its numbers should be .00196 and 62%. The numbers for a 39 / 15 lease of this truck should be .00220 and 59%.

    If you were to lease a base 2005 Honda Accord EX-L V6 without navigation through AHFC right now for 36 / 15, its numbers should be .00113 and 52%. Honda's lease support on this car is only available for leases up to 36 months, so it doesn't make sense to lease one for 39 months. The $0 to $600 dealer stairstep program that Honda was running on Accords and Civics last month was replaced with a new program that pays dealers $200 to $750.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi stergman. Let's take a look at the lease program for the truck that you are interested in. If you were to lease a 2005 Mazda Tribute S AWD through its captive finance company right now for 48 months with 12,000 miles per year, its base lease money factor and residual value should be .00134 and 41%, respectively. Mazda's normal customer cash incentives are not compatible with this special lease program. I don't believe that Mazda has any lease cash on the Tribute at this time. I would be happy to calculate a sample lease payment on this truck for you, however in order for me to do so I need you to provide me with its selling price. You may be able to get an idea of how much you should pay for this truck right now by visiting the following discussion: "Ford Escape/Mazda Tribute/Mercury Mariner: Prices Paid & Buying Experience".

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi fish8. If you choose to purchase your leased vehicle at the end of its term, you really do not have to involve the dealer that you originally took delivery of it from at all. You should be able to negotiate directly with the bank that you are leasing it through and send them a check for it. If your state requires you to pay sales tax when purchasing a leased vehicle, you probably would have to include it in the check that you send the bank for your truck.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey hpowders. I am not positive, but I believe that if you were to lease a base 2005 Lexus LS 430 through Lexus Financial Services for 3 years with 12,000 miles per in your area right now, its base lease money factor and residual value should be .00155 and 57%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, dlee3. I know that Texas has some very unfavorable sales tax regulations for leased vehicles, but do not know exactly how it is calculated in your area. You may be able to find out more information on this subject by visiting one of the following web sites: Texas Department of Transportation or Texas Taxes.

    At lease signing for this deal, you would have to pay your vehicle's first month's payment of $444, a security deposit of $450, Lexus Financial Services' acquisition fee of $600, and any required state taxes or fees. These charges are not negotiable, though the security deposit and acquisition fee can be waived in exchange for an increase in the money factor that is used to calculate your monthly payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad that you find this discussion so helpful, Adrian. Check out post #18725 for a description of the special regional lease program that Lexus is running right now on the LS 430. I am not sure if it is available in your area or not. I will make a few calls and see what I can find out for you. Check back with me in a few days if you want.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, bigelm. Let me know if you have any other questions.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'll make some calls and see what I can find out for you about MINI's current lease program, evan7578. Please post a reminder for me in this discussion in a few days and I will fill you in on what I have been able to find out. Talk to you then.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi gator93. I am not familiar with Bank of America's policy on negotiating the purchase prices of leased vehicles. Give them a call about a month or two before the scheduled end of your lease and see if they would be willing to work with you. If your initial contact is not willing to negotiate, work your way up the corporate ladder to some sort of manager and see if they will. There's no guarantee that they will be willing to lower your car's price, but you don't have anything to lose by asking.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello kracker2k. You were able to negotiate a selling price of over $500 under invoice on the Civic that you are considering. That is a very good deal. The lease money factor that you were quoted for this car is right on the money as well. This is a good sign because it means that your dealer is not marking-up this car's money factor to make additional back-end profit on your deal. I'm not getting my calculations to come out the same as yours though. Using an MSRP of $16,925, a selling price of $14,995, a money factor of .00136, and a residual value of 56%, I come up with a zero down, pre-tax 36 month payment of around $187.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    What your dealer told you is correct, euza. Lexus Financial Services published new residual values this month. Its residuals for a number of models are 1% lower than they were in March. Unfortunately, I have not seen LFS' Tier 2 money factor for this car recently.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings flying_nun. I would be happy to help you out, however in order for me to do so I need you to tell me how long you plan on leasing these cars for and how many miles per year you need to be able to drive them.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey testykaren. You're definitely interested in a nice truck. I'm not sure if I mentioned this before, but I was at the New York Auto Show for what I believe was the North American introduction of the 2006 M-Class and I have to say that it looks much much nicer than the 2005 model. I didn't know that Mercedes had even published a lease program for the 2006 M-Class yet. I have not seen any numbers for it. Sorry that I could not be of any more help.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome back, sharkala. As you may be aware, the Nissan Xterra is all new for 2005. The information that you heard about it having incentives on it right now is not correct. I do not believe that Nissan is providing much in the way of lease support on it and definitely does not have any cash incentives on it. I will make some calls and see if I can find out what this truck's current lease program is like for you. Please post a reminder in this discussion for me in a day or two and I will fill you in on what I have been able to find out for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Skinnydog, BMW's dealer cash is compatible with BMW Financial Services' lease program. BMW FS' residual values are the same, regardless of whether vehicles have automatic or manual transmissions.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'm glad that you are enjoying your G35 Coupe so much, wesam. It definitely is a beautiful car. I'll do some research and see what I can find out about the Nissan Pathfinder's current lease program for you. Post a reminder for me in a day or two and I will let you know what I have been able to find out.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Love330conv, BMW FS' charges a disposition fee of $350 on leases. It will however usually waive this charge if you lease another BMW. I'm not sure if dealers can mark this charge up or not, I suspect that they probably cannot, but since you know what it is you don't have to worry about that.

    Car_man
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  • kracker2kkracker2k Member Posts: 28
    Carman, I'm sorry... I forgot to mention a rolled the acq fee into that price... if you roll that in do the numbers come out correct?

    Thanks
  • kracker2kkracker2k Member Posts: 28
    Carman,

    I also have another question... don't know if you would know but I'll ask.

    If I were to purchase the civic LX for 72months what interest rate can I expect to pay with good credit?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey kmouradian. If you were to lease a 2005 Acura RSX Type-S through American Honda Finance Corp. right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00051 and 56%, respectively. At lease signing, AHFC requires you to pay your vehicle's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50, and its acquisition fee of $595 (it's higher in New York).

    Car_man
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  • sxgsxg Member Posts: 24
    Car_man,

    Per your earlier post to my query, here is my reminder for
    April lease incentives offered by Volvo or other financing companies
    for the Volvo S60R.

    I am interested in leasing for 36 months, 15K miles per year,
    and have excellent credit.

    Look forward to your feedback. Thank you.
  • euzaeuza Member Posts: 10
    But that will also mean that sales prices should also go down, even if it's not 'officially'. In thaat case I should be able to negotiate 1% down from their previous quote, right? ;-)
    With 2006 models around the corner, monthly payments for a lease on a '05 model should not go up in any case.
    Thanks for your answer.
  • dwynnedwynne Member Posts: 4,018
    Capital One Auto Finance online normally has good rates - and they are showing 5.25% for 37-60 months and 5.95% for 61-72 months.

    In the past, their rates were better than my bank - but some credit unions were lower. Of course, a captive loan deal is even better - like the 2.9% for 60 months that just ended on the Civic 3 days ago.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    Well, you negotiated a price - then waited until the month (and quarter) changed and the residual dropped - so the lease payment went up.

    Sure, you should try to get that money back (and more) by negotiating a lower cap cost on the car.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    0.00265 for both, 52% for the S drop top and 50% for the Cooper. A lot of the BMW dealers try to mark up the rate (which is not that great anyway) - I don't know if Mini does the same thing or not.

    You might want to check a 3rd party lease bank - either through your dealer or direct through leasecompare.com . I just checked the latter and they are doing 52% and 0.00216 (in my area with a 730 score) on the S and 50% and 0.00216 on the Cooper.

    If your dealer can't get you these numbers, then LC will buy the car and lease it to you for their published numbers. You have to put in your ZIP and score to get the right numbers for your area, however.

    Dennis
  • gman2005gman2005 Member Posts: 7
    I remember reading about some relatively inexpensive automobile lease calculation software which is easily downloaded to your PDA. Unfortunately, I cannot find the information again, even using the search feature.

    Anyone? Anyone? (Bueller?)

    Thanks,

    Jeff
  • corvettecorvette Member Posts: 11,284
    Lease-It! for PalmOS:
    http://www.dpwdesigns.com/download/index.htm
  • stalnakerstalnaker Member Posts: 72
    Car_Man:

    For the Accord I was interested in 36/12, not 36/15. Is the residual for 12,000 miles/year 54% instead of 52%?

    Thanks!
  • chrismang1chrismang1 Member Posts: 9
    Hi Car_Man:

    Please advise MF & Res for Ford Freestyle Limited, 36/15 and 24/15. Also for Acura MDX AWD Touring with Nav, 36/15. Would the MDX be the same as the base model you just listed above? Located in PA. Thanks.
  • dwynnedwynne Member Posts: 4,018
    Like corvette said - Lease-It! for the Palm OS is what I use. Free to try, and to be honest you can use it "forever" in the demo mode. However it is only $10 to license and well worth the price. I got mine direct, but all the Palm software places online have it as well.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    Yes, the 36/36k residual is 54% for April (it was the same in March).

    Dennis
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