Lease Questions - Ask Here

CarMan@Edmunds · April 2005

Thanks for the info, corvette. I just saw a description of that program a few days ago. It sounds interesting, but you're right I guarantee you that GM will end up eating a lot more than $1,500 in depreciation on those cars if consumers turn them back in after only one year. I wonder if consumers have to purchase or lease another General Motors product to turn in their vehicles through this program.

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CarMan@Edmunds · April 2005

No problem, ltrain. Unfortunately, I do not believe that the special lease money factors that Honda is providing on most Accord models right now are available on the Hybrid model. American Honda Finance Corp.'s current base lease money factor for the 2005 Accord EX-L V6 is .00113. If you were to lease a 2005 Accord Hybrid right now, I believe that you would have to use AHFC's standard lease program. Last month, its standard lease money factor was .00225, but I recently heard that it increased its standard factor by .00020. Its 3 year, 15,000 miles per residual values for these cars are 50% for the EX-L with navigation and 51% for the Hybrid.

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gwarrenfl · April 2005

Car_ Man,
Sorry about the confusion in post 18826 and hope this clears it up.
Here are just the important factors

Vehicle Information.... A-4 1.8 T
MSRP =$40,420.......Invoice =$37,273
Cap Cost = $38,000 (My Offer)

Lease Factors
Capitalized Cost. $38,000
Acquisition Fee........$575
Dealer Fee..............$395
Adjusted Cap Cost..$38,970
Money Factor 0.00175
Residual with 12,000 Miles 36 Months60%
MSRP = $40,420

36 Month Lease
Adjusted Cap Cost = $38,970
Residual $24,252
1. Term depreciation $14,718
Divided by 36 Months ...........$408.83
2. Rent Charge
Cap Cost........... $38,970
Residual 60% = $24,252
Total .................$63,222
x Money Factor .00175......... $110.63
TAX 6.5%..............................$33.76

Total Monthly Payment.........$553.22

Inception Fees
1. First Month = .......$553.22
2. Security Deposit =$600.00
3. Title & Tag =........$193.00 (Estimated)
4. Taxes Due =........ $63.00 (Estimated)
Total Due at Signing = $1,409.52

So thats the deal in a nutshell if they can find me a car.
Also as I said previously if I can really get out of the Sebring Lease as described?
Thanks again,
Gary

smiton · April 2005

Car Man,

I am looking for the April 2005 money factor/residual for the Infiniti FX35 for 36 months and 12K miles.

Thanks.

skinnydog · April 2005

Carman, could you tell me what Saabs 24 months Residuals and money factors are on the Linear and Arc for 15K per year. Also does Saab have a 30 month lease program?

Also, do you know what the the residual and money factors are on the Cadillac SRX for 15K and 36 months for the V6 AWD.

Thanks.

drtravel · April 2005

Hi Car Man,

I am looking for the April 2005 money factors for the Infiniti M35 for the following:

36 months/15K (60% residual)
39 months/15K (59% residual)
42 months/15K (57% residual)

OR a web site that lists these. I wish www.infiniti.com did.

Thank you

cheapisgood · April 2005

Hey Car Man,

While your on the subject of Accords, I need a little help. I am looking at the LX, Auto that has an MSRP of $21,140 and a negotiated sales price, including destination at $18,488. I have asked the fleet dealer for the Residual and Money Factor and cannot get a response. What can I expect these numbers to be and what would my payments be? In dealerships, do the fleet managers separate themselves from the finance guys and therefore, no response?

Thank you in advance for all your help.

CarMan@Edmunds · April 2005

Hi Dean. Once you lease a vehicle, it really is not possible to switch to a finance contract until the end of your term. Well, I suppose that it is technically possible to do so, it is prohibitively expensive. Your best bet would be to enter into a short term lease, like a 24 month contract, or to finance the vehicle that you are interested in. To be honest with you, if you are interested in a vehicle that has special finance rates available on it, like 0% or 1.9%, you actually be best off putting a little money down as possible. Doing so allows you to take full advantage of the savings that the low rate provides. Unfortunately, the 2005 Toyota Avalon, very nice car BTW, is brand new and does not have any special financing rates available on it at this time. If you need a low initial payment, you can always finance the Avalon that you want without any pre-payment penalty for longer than you initially had planned to, like for 5 or 6 years. Doing so would provide you with a lower initial monthly payment and later on when you have more money you could pay additional money each month to pay off your vehicle more quickly.

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CarMan@Edmunds · April 2005

Jpole, the Honda Accord has really cooled off, sales-wise lately. Honda has even had to introduce a dealer cash promotion on it. This program provides Honda dealers with $200 to $750 dealer cash on 2005 Accords. The exact amount that dealers receive depends upon what percentage of a Honda assigned sales objective they achieve. If I had to make an educated guess, I would say that most dealers are probably netting $300 to $400 per Accord through this program. As a result, I would think that dealer invoice or slightly, meaning a hundred or two, over is a reasonable price for a new Accord right now. I would be happy to calculate a sample lease payment on the car that you are interested in for you, but in order for me to do so, I need you to provide me with its full MSRP.

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CarMan@Edmunds · April 2005

Hey fish8. There is a big difference between the best time to purchase a new vehicle and the best time to lease a new vehicle. Most dealers are willing to cut very thin deals to unload their leftover inventory at the end of the model year. Similarly, most manufacturers provide decent cash incentives to help them do so. However, at the end of the model year, vehicles' residual values generally tend to be fairly low, making them expensive to lease. If you want to lease, probably some time in the middle of the model year is best. By then, most vehicles prices have fallen some, there is usually some lease support out there, and residual values are still relatively high. The exception to this would on vehicles that do not have any lease support available on them. Vehicles that automakers are not providing lease support on are often cheapest to lease at the beginning of the model year, when their residual values are the highest.

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CarMan@Edmunds · April 2005

Hey Ernest. I believe that I already provided you with information on the lease program fort he Honda Accord Hybrid in an earlier post. If it wasn't for you, I still provided it for someone. Scroll back and let me know if you can't find it. I believe that he Hybrid is eligible for the dealer stairstep program that is available on the Accord right now. I am not really familiar with what the market is like for this car. Have you spoken with any dealers about price yet? It is probably a fairly limited production vehicle, which usually tends to keep prices high, but according to what I have heard many dealers don't like this car because it is so expensive and it is missing some options that other Accord models have, like a sunroof.

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CarMan@Edmunds · April 2005

Greetings branco327. I am sorry to say that 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 probably will find that you are better off paying the rest of your lease normally rather than trying to buy your car with a home equity line of credit.

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CarMan@Edmunds · April 2005

Hey murph1031. Toyota's lease program varies depending upon which one of its twelve regions you are in. If you let me know what state you are in, I would be more than happy to try to give you an idea of what the lease program is like on the 4Runner that you are interested in is like.

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CarMan@Edmunds · April 2005

Hello gfour. Consumers are free to lease new vehicles with any sort of down payment they like. You can and should lease any new vehicle without making any sort of capitalized cost reduction. Many manufacturers advertise lease payments on vehicles with down payments of several thousand dollars. BMW a uses $2,500 in all of its advertised leases, except for on the 7-Series. They reason they do so is to make the monthly payment, the number that consumers seem to focus on most, lower. The $2,500 down payment that BMW mentions in its advertised lease payments is only a capitalized cost reduction. If you were to lease a BMW through BMW Financial Services you would have to pay any sort of cap cost reduction that you wish to make, your car or truck's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, BMW FS' acquisition fee of $625 (this fee is higher in NY), and any required state taxes or fees at lease signing. BMW FS will waive its security deposit and acquisition fee requirements in exchange for an increase in the money factor that is used to calculate your vehicle's lease payment. You also should be able to roll your vehicle's acquisition fee into its capitalized cost if you want to.

I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for the X3 that you are interested in would be exactly the same, regardless of whether you had put thousands of dollars down, or had made absolutely no down payment at all. If you really want to trade your current vehicle in, have the dealer that you are working with cut you a check for it rather than using the proceeds as a capitalized cost reduction.

I have always heard that sales tax is extremely high on leased vehicles in Texas, but I do not know exactly how it is calculated in your state. You may be able to find out more information on this subject by visiting one of the following sites: Texas Department of Transportation or Texas Taxes.

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CarMan@Edmunds · April 2005

Hi paulsaz. The dealer cash that Volvo is currently providing on the 2005 S40 cannot be used in conjunction with Volvo Finance's special lease program. The $1,000 loyalty cash can be used on vehicles leased through Volvo Finance though. Interestingly, Volvo Finance has two different lease programs for the 2005 S40. One for a completely base S40 2.4i model without any additional options that provides a factor of .00039 for 36 to 48 month lease terms and one for all other 2005 S40 2.4i models that provides a factor of .00175. The selling prices of leased vehicles are always negotiable. There is a good chance that the price that this advertised lease payment is based upon leaves a little room for negotiation. This is usually the case with manufacturers' advertised lease payments. Dealers would not be very happy if automakers cut deals to the bone when they advertised sample lease payments.

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paulsaz · April 2005

Can you give me the residual on the 36 month lease with the .00039 money factor?

CarMan@Edmunds · April 2005

Hi kd270. Infiniti's lease program on the 2005 FX35 is decent right now. I would not be completely surprised if Infiniti increased its support on this model in the coming months, but I have not heard anything that leads me to believe that this will happen. It is very difficult to predict what automakers will do with their future lease programs with a high degree of accuracy. You probably should just lease this vehicle when the time is right for you. for feedback on how much you should pay for this vehicle right now and where other community members have gotten good deals on one, you should stop by the following discussion: kirstie_h, "Infiniti FX45 / FX35: Prices Paid & Buying Experience" #, 1 Aug 2003 9:06 am.

The reason why two year leases are more expensive than 36, 39, or 42 month leases is that new vehicles experience their highest rate of depreciation during the first year of ownership. One can spread out this huge initial depreciation hit out over a larger number of payments, thus lowering their lease payment by leasing for three or four years instead of leasing for two. I would be happy to calculate a sample lease payment on the FX 35 that you are interested in if you let me know its full MSRP and selling price.

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CarMan@Edmunds · April 2005

Hey gi2indking. I would gladly calculate a sample lease payment on the car that you are interested in for you, however in order for me to do so I need to know its full MSRP. Let me know and I will run some calculations.

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CarMan@Edmunds · April 2005

Greetings alicat17. You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are 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 this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on this Forester for you if you let me know what these numbers are.

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CarMan@Edmunds · April 2005

Hi blue58. It's almost never cheap to get out of vehicles well before the scheduled end of their leases. Unless you expect to go way way over your car's mileage limit you probably would be better off waiting until the scheduled end of your lease to get something new. I am not all that familiar with what the price should be like for the used Altima that you are considering. You should be able to get an idea of whether this is a fair price for this car by visiting the following sections of this site: Edmunds.com Used Vehicle Pricing and "Real-World Trade-In Values" discussion. Also, you never mentioned what sort of interest rate the payment for your Altima is based upon. This is a very important number to know because dealers often mark-up the interest rates that they charge consumers to make additional back-end profit on deals.

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CarMan@Edmunds · April 2005

Hello tmchow. According to the latest informaiton that I have seen, if you were to lease a 2005 BMW Z4 2.5i through BMW Financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00200 and 56%, respectively. When negotiating your lease on this car, make sure to keep in mind that BMW is currently providing $2,500 dealer cash on it. This money will help you to negotiate an attractive capitalized cost.

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CarMan@Edmunds · April 2005

You're welcome, nospam. IFS' buy rate and residual value for a 42 month, 15,000 miles per year lease of a 2005 G35 Sedan AWD should be .00175 and 54% through the end of the month.

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nospam · April 2005

Hey Car_man!

Thanks for ithe info. So a summary of G35x AWD, 15k/year leases are as follows:

36 58% 0.00172
39 57% 0.00172
42 54% 0.00175

Is that normal? The delta between 36 and 39 is much smaller then the delta between 39 and 42... There are differences in both MF and a much steeper drop in residual.

Just seems strange to me - especially as depreciation should be steeper early in a cars life?

Thanks

CarMan@Edmunds · April 2005

Holy Toledo, Gary. I've helped you lease five vehicles. Wow, thanks for doing your part to support the economy

. Audi Financial Services' current base lease money factor for the 2005 A4 1.8T 2WD is .00175 for leases up to 36 months in length. Its 24 and 36 month, 12,000 miles per year residual values for this car are 72% and 60%, respectively. As you can see, you've got the lease program info for this car nailed. What you may not know though is that Audi is providing $500 dealer cash on leases of A4 Cabriolets this month. This money will help you to negotiate an attractive capitalized cost. You seem to be well aware of the lease program on this car and how to get out of your current lease, all that's left for you to do is negotiate an attractive selling price which you may have already done.

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CarMan@Edmunds · April 2005

While Lexus occasionally does have some regional variation on its lease program, I highly doubt that its base money factor on the 2005 ES 330 is a whopping .00285 in your area. That sounds a little high to me. My advice to you would be to comparison shop with a couple of Lexus dealers in your area to see if you can find out what Lexus Financial Services' lease program for this car actually is.

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CarMan@Edmunds · April 2005

Stevef4, General Motors is not currently providing any sort of lease support on the 2005 Chevrolet Corvette. As a result, if you were to lease one through its captive finance company, General Motors Acceptance Corp., you would have to use its standard lease program, which is usually absolutely terrible. You probably would be much better off leasing this car through an independent bank at this time. Unfortunately, I do not personally keep tabs on the lease programs that are being by independent banks, but most dealers have computer systems that allow them to search the country to see which banks have the most attractive lease programs on a particular model at any given time. Comparison shop with a few Chevrolet dealers for this car, paying special attention to the negotiated selling price, lease money factor, and residual value that are used to calculate your monthly lease payment.

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CarMan@Edmunds · April 2005

Sjeed, you took advantage of a special program that Mercedes-Benz Credit offers, known as its "value added" lease. This program allows consumers to lease vehicles for 39 months using the 36 month lease money factor and residual value, thus providing a lower payment than a normal 36 month lease would. This is the only manufacturer that I am aware of that is running this sort of promotion right now, but many banks have attractive 39 month lease programs on vehicles.

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CarMan@Edmunds · April 2005

Hi paulsaz. Volvo Finance's current base lease money factor and residual value for a 36 month, 12,000 miles per year lease of a base 2005 S40 2.4i should be .00039 and 51%, respectively. The lease program for an otherwise identical lease of a reasonably equipped 2005 S40 2.4i should be .00175 and 53%.

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CarMan@Edmunds · April 2005

Chrismang1, you never mentioned whether you wanted a 2WD or an AWD Freestyle, so I just picked one. Interestingly, this month Ford Credit's lease program for the 2005 Freestyle Limited is exactly the same for the 2WD and AWD models. This lease program is scheduled to run through June 30th.

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CarMan@Edmunds · April 2005

Hello smiton. Here is the information that you are looking for. If you were to lease a 2005 Infiniti FX35 AWD through Infiniti Financial Services for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00190 and 63%, respectively.

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sxg · April 2005

#18841 of 18884 Re: Re: REMINDER Volvo S60R April Incentives? by Car_man HOST Apr 10, 2005 (9:18 am)

If you were to lease a 2005 Volvo S60 R through Volvo Finance right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00040 and 49%, respectively.

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Ouch...! How does Volvo Finance expect to lease any S60Rs when leasing companies like Chase are offering a money factor of .00225 and residuals of 50-52%? For those interested in leasing an S60R in April, I have finalized my lease with the following terms:

MSRP $42K, Sale price $32.5K (after incentives, etc.)
36 months, 15K miles per year
Total $5,000 cash at inception (includes $2,700 cash for cap cost reduction)
Monthly payment of $395
Money Factor: 0.00225
Residual: 50%
State: Maryland

jetfan · April 2005

AAA is offering a $500.00 rebate to all it's members who purchase or lease a Volvo by 04/30/05. You have to be a member of AAA for 6 months to take advantage of this offer. Not sure if you are a member but thought I would let you know. Also not sure if this is just a NJ AAA deal. I am still considering the S60R so thanks for your post. It is very helpful.

gi2indking · April 2005

Ok, sorry, I forgot to put the MSRP in : Here are the details:

Can you work me out a lease payment for a 2005 Infiniti G35 6MT Coupe with an MSRP of 35,030 and a negotiated selling price of 32,500 for 39 months with 12k miles a year. I would like to pay zero down. What will be due at signing? Thanks so much!

dwynne · April 2005

That was my point in the message I posted about folks getting hung up on these captive lease numbers. Quite often, 3rd party banks are a whole lot better - and they should always be checked against the captive numbers.

In the case of the Vovo "r" cars and wagons, Vovlvo is having a hard time selling them so if they also give a good lease deal (in addition to all the rebates and dealer money) then they will have this same problem again at the end of your lease - how to sell the used "r" car/wagon again. If they let the 3rd party banks handle it, then they don't have this problem.

Dennis

kts729 · April 2005

Car_Man, Can you help me with this pricing?

05.5 A4 2.0T Quattro, Arctic White, Premium package, 17" Wheels, Cold Weather
12K/36 months - $34644
58% - .0015 Residual
Cash due at signing = $1500, Tax, tags, Acq fee, 1st month payment
They quoted me $483/mo with a residual of $20225, 3.6% money factor figured in.
$483*36=$17388
$34644-17388 = $17256.
Price of car $34644 minus residual $20225 = $14419/36 = $404
Doesn't make sense. Am I missing something??

dwynne · April 2005

It is posted here in the forum already, but I will admit it took me a minute of searching to find it

The buy rate MF on the LX should be 0.00038 (0.912%) and the residual is 54%

There are lots of online lease calculators, including one here on Edmunds. I strongly suggest you bookmark one to use to check all the dealer's numbers. You enter your negotiate price for cap cost, 54% of MSRP (including destination) for residual, your term, and the money factor and any of them will give you the payment.

With the money factor on this deal being so low, I would roll the $595 acquisition fee (higher in some states) into the lease on top of the cap cost. Then you would pay security deposit and first month's payment + tags + taxes up front.

You MSRP looks a little high, too - maybe a typo?

You don't state where you live, but for most folks you can do better on price than you have. There is an up to $750 dealer incentive this month on Accords and I have been quoted number a few hundred less that what you stated - and these numbers also included the dealer "doc" fees. If you dealer is going to add that on top of your quote then your number is way too high (depending on location).

Go to carsdirect.com and put in your ZIP and see what no haggle price comes up, that will tell you if a dealer in your area is willing to make you a real deal or not.

Dennis

cheapisgood · April 2005

Dennis,

Thank you for the reply. I admit, I could not find the money factor nor the cap cost in prior posts although I really looked hard. I also appreciate the feedback on the MSRP.

As to my last question, why is it that the fleet managers do not like to talk/mention the lease numbers when I inquired about such? This happened when I discussed this with two different "internet managers." Is this part of the game or are they actually clueless on the lease deals?

Mark

307web · April 2005

What should the payment be for 36 months, 36,000 miles $0 down?
MSRP $40,495
Selling price $37,495 before rebates. No navigation system.
How much are security deposits, acq fee and other lease fees?

Is it a very agressive lease program or is the $4000 cash incentives on purchases better than what's available through the lease program?

307web · April 2005

Can you give an estimated payment for an RX330 Front-wheel drive with ML stereo and Nav? No Rear seat Entertainment.

MSRP $44130
Selling price $40,577.

$0 down, 36 months 36,000 miles.

What are are acq, disposition and security deposit fees?

Thanks.

goalpost · April 2005

Hey CarMan,

Looking for the current base lease rate and residuals for an Escalade ESV in Northern California. Need rates for 3 or 4 yrs and 12/15,000 miles per year.

Also, can the $1000 bonus rebate be used on a lease?

Thanks so much!

brandi20 · April 2005

i want to lease the 2005 acura rsx. i did as you suggested and decided not to put the 4000$ down. instead i want to put the 2500$ down (thats total w/ taxes and first months) and i want to add leather and automatic. the base for cloth and maual is 199/month (12k). with the added features, what could i expect to pay? i want to keep it under 250$ (preferably 230$). the salesman qouted 270/month which i think is high considering the extras are only 1975$ price diffence between the 2 models
base model-20275
with leather and auto-22250
so im actually paying 2520 more for the extras.
what do u think? what kind of deal can i expect??
thanks so much!

nospam · April 2005

Hey car_man.

Just a ping on post 18877. I posted just before you started replying to earlier posts and don't want it lost (being an older message you might not look at)

Probably today or tomorrow I make an offer.

go8 · April 2005

Car_man,

I am interesting in leasing a Suburban for 36mths 15k/year. Would you please tell me the interest rate and residual value. Also, would you please tell me what lease incentives GM is currently offering. Thanks for your help!

Go8

CarMan@Edmunds · April 2005

Here you go, skinnydog. If you were to lease a 2005 Saab 9-3 Linear Sedan through Saab Financial Services Corp. right now for 24 months with 15,000 miles per year, its base lease money factor and residual value should be .00002 and 56%, respectively. Its numbers for an otherwise identical lease of a 2005 Saab 9-3 Arc Sedan should be .00030 and 58%, respectively. Saab does have a 30 month lease program. Its 30 month numbers for these cars would be .00014 / 51% for the 9-3 Linear Sedan and .00049 / 53% for the Arc Sedan. When negotiating your lease on these cars, keep in mind that Saab is providing $1,500 lease cash and $1,500 bonus cash, $3,000 total, on leases of the 2005 9-3. This cash will help you to negotiate an attractive capitalized cost.

If you were to lease a 2005 Cadillac SRX V6 through General Motors Acceptance Corp. right now for 3 years with 15,000 miles per, its base lease rate and residual value should be 3.95% and 52%, respectively. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. When negotiating your lease on this truck, remember that GM is providing $1,250 lease cash and $2,500 bonus cash, $3,750 total, that will help you negotiate an attractive capitalized cost.

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CarMan@Edmunds · April 2005

Hi drtravel. If you were to lease a 2006 Infiniti M34 2WD 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 .00173 and 60%, respectively. The numbers for otherwise identical 39 and 42 month leases of this car should be .00175 / 59% and .00175 / 57%. These money factors assume that you pay a security deposit and that you qualify for IFS' top credit tier.

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CarMan@Edmunds · April 2005

Greetings cheapisgood. In order for me to give you an idea of what this car's current lease program is like I need you to tell me how long you want to lease it for and how many miles per year you need to be able to drive it. The salesperson who you are corresponding with should be able to find out these numbers for you if they wanted to. Perhaps they don't feel like going through the effort, or perhaps they want to keep them secret so that they can try to mark the factor up on you.

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CarMan@Edmunds · April 2005

I sure can, paulsaz. Volvo Finance's 36 month, 12,000 miles per year residual value for a lease of a non-base 2005 S40 2.4i is currently 53%.

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CarMan@Edmunds · April 2005

Those numbers are correct, nospam. There is a relatively large drop between the residual values for 39 and 42 month terms for this car. I'm not sure why that is the case. A number of other Infiniti models' residual values only drop 2% from 39 to 42 months. Perhaps Infiniti Financial Services wants to discourage 42 month leases of this car at this time.

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CarMan@Edmunds · April 2005

Don't worry about it, it happens all the time, gi2indking. Let's work up a sample lease payment on this car for you. According to my calculations, if you were to lease a 2005 Infiniti G35 Coupe with an MSRP of $35,030 and a selling price of $32,500 through Infiniti Financial Services right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $410. With this deal you at lease signing you would have to pay your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, IFS' acquisition fee of $550 (this charge is higher in Rhode Island and New York), and any required state taxes and fees.

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CarMan@Edmunds · April 2005

I would be happy to calculate a sample lease payment on this vehicle for you, kts729. However, in order for me to do so I need you to tell me its full MSRP.

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