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Lease Questions - Ask Here

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  • nospamnospam Member Posts: 54
    Hey Car_man,

    Do you have any history on how often Infiniti will release new promotions to move their vehicles? I've asked you tons of questions about the G35x - and you answered them all so helpfully... But now that I have been tracking dealer inventory for over a week - these cars are NOT moving... Every few days, all 10 dealers within 140 miles that I am tracking are getting 3-4 new cars... With few if any sales (numbers going down between successive days). My closest dealer does not appear to have sold a single one in over a week - and now has 7 more than this time last week. (70) One would think that infiniti would have to do something to start moving them - as they likely have more en route. Am I crazy thinking that low demand due to high gas prices might force them to put some incentives out there?
  • carnagcarnag Member Posts: 42
    I've never leased a vehicle before, but I am looking at leasing an '05 or possibly '06 530. I live in Chicago South Suburbs and I've heard IL is unfriendly towards leasing. Why is this? Also how does leasing work? Anywhere I can go to do reasearch on how to get a good lease? If I wait until later in the year will the lease price differ from earlier in the year, such as leasing an '05 now vs '06 later in the year or even an '06 now. I have a lot of questions so any help would be appreciated. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tlbuyer4. You never mentioned the selling price or MSRP of the car 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 car'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 the car that you are interested in for you if you let me know what these numbers are.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello tpell3. As you have seen, few things in this world are really free. If you want to get out of your current lease four months early, you are either going to have to pay your remaining lease payments out of your own pocket or have the dealer that you get your replacement vehicle from pay them for you. Having the dealer pay them for you will hamper your ability to get a good deal on your next new car. If I was in your situation, I would wait until I was closer to the scheduled end of my lease to get a new car. It is difficult to say what Infiniti's lease program on the G35X will be like in four months, but I would be willing to bet that even if it is worse than it is now, and there is no guarantee that will be the case, the difference between its program then and now will be less than the $2,000 that you would have to spend to get out of your lease now. Of course, there is no way to predict what automakers will do with their future lease programs with 100% accuracy.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks tcmotorcity. I guessed that you were in Detroit by looking at your username, but I wanted to make sure. Michigan is in Toyota's Cincinnati region. According to the latest information that I have seen, if you were to lease a 2005 Toyota Sequoia SR5 4WD through Toyota Financial Services in its Cincinnati region right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00160 and 66%, respectively if you qualify for its Tier 1+ credit tier.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings cybersys. Let's work up a sample lease payment on the vehicle that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2005 Chrysler Pacifica Touring AWD with the 26U Package with an MSRP of $36,240 and a selling price of $32,811 through Chrysler Financial right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $449. As you can see, the lease payment that you were quoted looks good. When negotiating your lease on this vehicle, keep in mind that DaimlerChrysler is providing $2,000 lease cash plus an additional $1,000 bonus for deals through Chrysler Financial, $3,000 total, on it this month. Taking these cash incentives into account, I would not be surprised if you were able to negotiate a larger discount on this vehicle than they one you have been quoted. You may want to stop by the "Chrysler Pacifica: Prices Paid & Buying Experience" discussion to see how much other community members have paid for similar models recently.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome Miguel. I am not personally all that familiar with what people have been paying for the 2006 Infiniti M35 lately. For now let's assume that you are given a $1,500 discount off of this car's MSRP. If you are able to negotiate a larger discount, your lease payment will be lower, but at least this will give you an idea of what to expect. According to my calculations, if you were to lease a 2006 Infiniti M35 Sedan 2WD with an MSRP of $46,010 and a selling price of $44,500 through Infiniti Financial Services right now for 39 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $571. The payment for an otherwise identical lease with only 12,000 miles per year would drop to around $560. An otherwise identical 42 month, 15,000 miles per year lease of this car would have a payment of around $559. Finally, a 42 month, 12,000 miles per lease of it would be around $549.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ca_man. Here is the information that you are looking for. If you were to lease a 2005.5 Audi A4 2.0T Sedan with quattro through Audi Financial Services right now for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00135 and 69%, respectively. The numbers for an otherwise identical 3 year lease should be .00135 and 59%, respectively. Using these numbers, an MSRP of $34,120, and a selling price of $32,700, I estimate that this car should have a zero down, pre-tax monthly payment of around $485 for 2 years and $421 for 3 years.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Peppermint ice cream with chocolate sauce, huh, pingpng50. I'm partial to mint chocolate chip myself, but I get the idea. Thanks :). Right now Lexus is running a special lease program on the 2005 LS 430 in your area. Many manufacturers allow consumers who order vehicles to lock in their lease programs at the time they placed the order, giving them the option to use that program, or the one that is available when they physically take delivery of their new car or truck, whichever is better. You probably should be able to lock in Lexus' current lease program for this car. It wouldn't be a bad idea. Lexus Financial Services' current 4 year, 15,000 miles per base lease money factor and residual value for a base 2005 Lexus LS 430 (not the custom or ultra luxury models) leased for 4 years with 15,000 miles per should be .00155 and 46%, respectively in your area.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, Jeff. I am glad that we were able to help you out. It sounds like you were able to get an excellent deal on your new car. Thanks for taking the time to come back and let us all know how everything turned out. Enjoy!

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi philocifer. While BMW dealers are notorious for marking up vehicles' lease money factors on unsuspecting customers, you should be able to find a dealer who is willing to lease you the vehicle that you want using BMW Financial Services' base lease program if you know what it is. The dealer that you are currently working with telling you that no BMW dealer will be willing to lease you this vehicle using BMW FS' base rate was nothing more than a bad sales pitch. BMW FS' base money factor is currently .00100 for leases up to 42 months on the X3 3.0i and .00160 on the X3 2.5i. If this dealer is not willing to lease you this truck using BMW's base lease program, tell them that you will shop around until you find a dealer who is more willing to work with you. This may motivate them to change their tune. If not, then shop around.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, tc_ey.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi russ6357. I am sorry to say that I do not personally keep tabs on banks' used vehicle lease programs. Sorry that I could not be of more help.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, paulsaz. I am glad that we were able to help you out. Thank you for taking the time to stop back and let us all know how everything turned out. Enjoy your new car.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings daryll44. Let's work up a sample lease payment on this truck for you and see what we come up with. According to my calculations, if you were to lease a 2005 Honda CR-V SE with an MSRP of $25,700 and a selling price of $24,200 (a $1,500 discount) through American Honda Finance Corp. right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $370.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, vgurl. Let us know if you have any other questions.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'm glad that you enjoy this discussion so much, gymgirl1. Enjoy your new SC 430, I'm jealous ;) .

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey indysoob. Here is the information that you are looking for. If you were to lease a 2005 Chrysler Pacifica Touring 26S AWD through Chrysler Financial right now for 39 months with 12,000 miles per year, its base lease money factor and residual value should be .00080 and 47%, respectively. The numbers for an otherwise identical lease of the 2WD version of this vehicle should be .00061 and 46%. when negotiating your lease on this model, keep in mind that DaimlerChrysler is providing $2,000 lease cash plus an additional $1,000 bonus for leases of it through Chrysler Financial, $3,000 total. This money will help you to negotiate an attractive capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi stkntraffic. Of the three cars that you mentioned in your post, the 2005 BMW 525i currently has the most attractive lease program, followed closely by the Infiniti G35 Sedan. Acura is not providing any sort of lease support on the TL right now. As a result, if you were to lease one through American Honda Finance Corp. this month, you would have to use its standard lease program, which isn't terrible, but isn't great either. Other similar vehicles that have attractive lease programs on them right now that you may want to consider include the Saab 9-5, Nissan Maxima, Mercedes-Benz E-Class, and Volvo S80.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey murph1031. The methods for calculating sales tax on leased vehicles vary from state to state. If you let me know what state you are in, I may be bale to direct you to a site that explains how sales tax is calculated on leased vehicles in your area.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey Gary. These cars' lease programs vary by trim level. In order for me to give you an accurate idea of what their current programs are like, I need you to tell me the exact models that you want.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello kappajen1. Here is the information that you are looking for. According to the latest informaiton that I have seen, if you were to lease a 1005.5 Volkswagen Jetta 2.5L Sedan, which is a very nice car BTW, through VW Credit right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00110 and 54%, respectively. The only difference between leasing through VW Credit in New York and the rest of the country is that its acquisition fee is increased to $800, from its normal $575, to cover the additional liability that banks are exposed to because of the vicarious liability laws that exist in your state.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, jessie504. General Motors Acceptance Corp. publishes what are known in the industry as 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. GMAC's current base lease rate and residual value for a 3 year, 15,000 miles per lease of a 2005 Pontiac GTO should be 5.0% and 53%, respectively. Its lease rate for an otherwise identical lease with only 12,000 miles per year would be the same, but its residual value would increase to 56%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello galant00. If you are able to lease the Infiniti G35 Coupe that you are interested in through Nissan's VPP Plan, you should be getting a good deal. If you let me know what the VPP selling price is, I can calculate a sample lease payment for you using Infiniti Financial Services' actual lease program.

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  • synsatsynsat Member Posts: 7
    Car_man,

    Life has been an adventure since this last post. I learned that in the last year the law changed in TX and now leases are the norm not balloons (no worries about personal property tax to register); however, it's county based. On the Maxima I got I had to certify I live in Harris county. I kept up with posts on MF's and residuals from others and your answers. At the Toyota dealer, we had driven the car we wanted but when I showed up to do the deal, the car had been sold and they didn't have the courtesy to tell me (that dealer was off the list). The next Toyota dealer responded to an internet question on price with a MSRP that was $5k more than THEIR listing then said he had made a mistake (that dealer was off the list). I looked at Accord, Subaru turbo 4 Outback, G35, Altima SE-R, M6, M3, TSX, TL, and Maxima. It came down to TL vs Maxima; Maxima had more torque and features for similar MRSP. I found Acura dealers arrogant and inflexible; guess they are selling alot of TL's. They actually tried telling me they needed $2,800 down to get the offered monthly payment; when I inquired as to what the $2,800 was comprised of they told me it was the capitalized cost reduction stating they would never sell the car for the offered $31,000 against list of $33,600. I walked right out!. I told the Maxima dealer my terms and was done with the deal in less than 30 minutes. When I returned to sign, they had all the paperwork ready. Efficient, courteous, etc. I found the Nissan website the best of all studied for searching dealer's inventory. The MF quoted here at the time was 0.00162 with a residual of 56% for the SE for 3/36; I got 0.00143 with 54%. MSRP was $33,150 and I offered $30,700. They showed me their paperwork listing that value as invoice and said they would make their money on hold back and fees. With TTL etc the monthly cost with zero down is $454 including gap insurance. I appreciate the help.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey kirk123. Saab's special lease program on the 9-3 Linear Convertible is pretty decent right now. So is Audi's lease program on the A4 1.8T Cabriolet. If you were to lease a 2005 Saab 9-3 Linear Convertible through Saab Financial Services Corp. right now for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00040 and 63%, respectively. When negotiating your lease on this car, keep in mind that Saab is currently providing $2,000 bonus cash on it. This money will help you to negotiate an attractive capitalized cost.

    If you were to lease a 2005 Audi A4 1.8T Cabriolet through Audi Financial Services right now for 2 years with 10,000 miles per, its base lease money factor and residual value should be .00175 and 73%, respectively. When negotiating your lease on this car, keep in mind that Saab is currently providing $500 lease cash on it. This money will help you to negotiate an attractive capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey John. The numbers that you posted for this vehicle's lease program are indeed correct. Nissan is providing $500 consumer cash on this car right now, but this incentive is not compatible with NMAC's lease program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am sorry to hear that you are going to be assessed charges for excess wear and tear on your leased Passat, johnsowj. Whether you should purchase your car at lease-end and either trade it in or sell it on your own to try to avoid the excess wear and tear charges or just turn it in, depends upon the difference between its current market value and what you can get for it. 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.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi cosmog91. The best way for you to get an attractive deal on this car is to negotiate as attractive a selling price as possible for it and to make sure that your lease payment is being calculated using Infiniti Financial Services' base lease program. The highest mileage allowance that IFS offers consumers is 15,000 miles per year. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the end of your lease and have to pay a penalty for excess mileage. I am not sure exactly what IFS charges per additional mile, so for now I will calculate a sample lease payment on this car for you based upon 15,000 miles per year. According to my calculations, if you were to lease a 2006 Infiniti M35 Sedan 2WD with an MSRP of $47,460 and a selling price of $46,000 through IFS right now for 3 years with 15,000 miles per, its zero down, pre-tax monthly payment should be around $616.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Let's take a look at the deal that you were quoted for this car, snaj. I just double checked the lease payment that you were quoted and it is right on the money, using the numbers that you provided. The only problem that I have with this deal is the selling price that you were quoted for this car. It has a full MSRP of $41,940 and you are paying $41,825 for it. This is only a discount of around $100. You should be able to do better than that if you shop around some.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings counselor. The vicarious liability laws that exist in New York have a negative impact upon you as a consumer because many banks have completely ceased leasing vehicles to consumers there and the ones that still do lease vehicles to New York residents charge a higher acquisition fee there. For example, Mercedes-Benz Credit's normal lease acquisition fee is $795, but this charge is now $1,800 for New York residents.

    You are smart to negotiate the selling price of the truck that you are interested in prior to getting any quotes for lease payments on it. The only other aspect of this deal that you have to keep an eye on is the lease money factor that is being used to calculate its lease payment. Dealers often have the authority to "mark-up" bank's base lease money factors to add additional back-end profit to deals.

    You do not necessarily have to hide the fact that you have a trade when negotiating your lease. Just insist upon keeping the two transactions, your lease and your trade, completely separate. It is in your best interest as a consumer not to use the proceeds from your trade as a down payment on your lease anyhow. Consumers who make large down payments on leased vehicles risk losing them if their vehicle is totaled in an accident or stolen and never recovered. If you really want to trade your current vehicle in, have the dealer cut you a check for it.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi kmill. While Toyota is providing lease support on the 2005 Sienna CE and LE in many parts of the country right now. In most areas is is not providing any sort of lease support on the Sienna XLE. As a result, if you were to lease that sort of Sienna through Toyota Financial Services right now, you would have to use its standard lease program. The last time that I saw it, TFS base standard lease money factor was .00225 for consumers who qualify for its "Tier 1" credit tier. If you want to have your vehicle's security deposit waived or your credit is not good enough to qualify for Tier 1 rates, the money factor that will be used to calculate your vehicle's lease payment will be higher than that. I would be happy to try to calculate a sample lease payment on the can that you are considering for you. However, in order for me to do so I need you to tell me what state you are in, the full MSRP of this van, and how much you expect to pay for it (its selling price).

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, brandi20. Thank you for offering to stop back and let us all know how everything turns out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello unixman. Even though balloon notes have become a little more popular lately, they are nowhere near as popular as leases. As a result, I do not personally keep tabs on manufacturers' balloon note programs. Sorry that I could not be of more help.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Acechase67, typically consumers who are way under their allowed mileage on leased vehicles do not receive any sort of credit for their unused mileage when they turn their vehicle in at lease-end. The only way that you can benefit from having so few miles on your car is to purchase it from the bank that you are leasing through and have the dealer that you are working with give you more than you paid for it as a trade. Dealers can usually facilitate this sort of transaction if they feel as though your trade is worth it.

    Honda is running a dealer cash program on the Accord right now. As a result, you should not have much trouble getting one at right around invoice. According to my calculations, if you were to lease a 2005 Honda Accord EX-L without navigation with an MSRP of $25,115 and a selling price of $22,651 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 $294. With this deal, at lease signing you would have to pay your car's first month's payment, a security deposit of $300, AHFC's acquisition fee of $595 (in most states), and any required state taxes or fees.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings topcook. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Once you have read these articles and understand the basics of how leasing works, stop back and I will be more than happy to answer any specific questions that you have.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, spektre. If you were to lease a 2005 Toyota Corolla LE through Toyota Financial Services in its Boston region right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00097 and 57%, respectively. The numbers for an otherwise identical 3 year lease of this car should be .00097 and 51%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey Gregg. Here is the information that you are looking for. If you were to lease a 2005 Honda Pilot EX-L with the rear entertainment system 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 .00154 and 58%, respectively. Its residual value for a 12,000 miles per year lease would be 2% higher.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey sharkala. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car 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 car that you are interested in for you if you let me know what its selling price is.

    I am not sure what you were asking in your second question. Even if Nissan was to make your final payment on your current leased vehicle for you, you still would be liable for any excess wear and tear or excess mileage fees that you are assessed. Furthermore, having the dealer that you are working with make your final lease payment on your current vehicle for you will only hamper your ability to get a good deal on your Xterra.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad to hear that everything worked out for you, drtravel. Congratulations on your new car and thanks for taking the time to come back and let us all know how everything turned out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi macp. As one might suspect, Mercedes-Benz is not currently providing any sort of lease support on the CLS (beautiful car by the way). Having said this, Mercedes-Benz Credit's base standard lease money factor is still less than the .00360 that you were quoted. For consumers who have good credit and pay a security deposit, MBC's base factor for the CLS should be more like .00310 right now. It would not surprise me if the dealer that you are working with is marking-up MBC's base factor for this car a little bit to add additional back-end profit to your deal. This sort of thing happens all the time, especially with European luxury dealers. The residual value that you were quoted is right on the money. Using MBC's base money factor, an MSRP of $71,650, and a selling price of $70,650 I come up with a zero down, pre-tax monthly payment of around $987 for this car.

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  • acechase67acechase67 Member Posts: 2
    just a follow up.i went to boch honda after reading good things on these forums and after calling around and ended up doing farely well i think.bottom line i got them down to $298.94 a month with nothing out of pocket.that price includes everything including my first payment.so 35 payments at 298.94 thats it.if someone wants to use this as a measuring stick this is the best i could do.just remember don't be afraid to get up and leave.we had our salesman go back and forth about 8 times until he brought his boss over and said look this is the best i could do which was stay under $300 with no out of pocket money.good luck and stick by your guns and thanks for all the info it was a big help.by the way there was no equity but i really think they wanted my car and thats why i think they were so flexible.
  • dhamiltondhamilton Member Posts: 878
    Car-Man
    Please help. I am looking at two different vehicles for my wife. I am getting some real wacky numbers in the Edmunds lease calculator.
    First vehicle Acura MDX premium [base]
    MSRP $36,900. target price $34,100
    .00196 MF
    56% RESIDUAL 36/12
    Texas sales tax $2,131.25
    Payment was like $540.00?
    Second Vehicle Volvo S40t5
    leather,auto MSRP $30,340 target price $27,306
    .00175 MF
    53% Residual
    Texas sales tax $1,706.25
    Don't I take the difference between negotiated price and residual=rent
    +tax+finance fee[MF] anything else rolled in., and then divide by 36 months?
    There is something I'm clearly missing here. Thanks, I know your busy and it's a sunday. Dan
  • suvgalsuvgal Member Posts: 39
    Hi. I'm trying to find out if I got a good deal on a lease - of course this is after the contract has already been signed. :confuse: The lease I received was $365 a month (tax included) for an AWD V6/w 3rd seat with the following packages - FE, HD, EJ, SR, TO, EH, LF, RL, LP, AG, JY, V5, WL and Z1. The MSRP was $34,558 and the selling price was $31,037. This was with $3300 down for a 5yr, 60,000 mile lease. Residual was around $15K.
    Thanks for your help.
  • nospamnospam Member Posts: 54
    Hey Car_man,

    Sorry to bother you so quickly again - but with all the posts I figure you might not have seen 19106... Where I was looking to learn if you (or anyone else) has history on just what might make infiniti start some incentive programs to sell their ever growing inventory of G35x's... (They don't seem to be moving well with high gas prices)

    Thanks :)
  • alphawolfalphawolf Member Posts: 100
    Hi, Car_Man

    I'm very interested in the 05 Avalon Limited.

    Toyota Southeast region (FL)...

    Been working up numbers off various tools on the net...

    I'll need to take a vehicle off the lot, so I'm a bit stuck with options I may not really want, but that's the way they come. Anyways, here are some prices...

    The one in dealer stock I will probably end up getting (hopefully) is:

    Base: 33,540
    Options $4,391
    Del, Proc, Hndlg $590
    Total MSRP comes to $38,521

    Did an Edmunds TMV report for zip code 32835 and invoice comes to $33,719 with all options except rear DVD Entertainment.

    Prices people are paying is about $1k under MSRP...the car is pretty hot. Supply vs Demand situation.

    However, from various contacts here...I'm told I should be able to get it for $500-$1000 over invoice after dealing with Internet Mgrs.

    So, to work up numbers let's say my purchase price will be $34,719 plus dealer fees.

    For a 36mo/15k miles per year lease...

    What should the money factor and residual value should be with a FICO of 720-734? I'm not sure if that is Tier 1 credit. Also, what would the monthly payments come to?

    I want to put as close to zero down as possible.

    Thanks a bunch in advace, Car_Man. You rock! :-)

    Regards,

    Dean
  • steevosteevo Member Posts: 389
    Are the super MF and residual numbers for Maxima at 36 months the same for SE and SL models? IF not, which is cheaper? THe cars are essentially equal in price when similarily equipped.
    THanks

    I am debating buying vs leasing this car since they also have attractive 2% finance rate on Maxima. I just leased a Pathifnder in March. Thanks again for all the excellent info!
  • pluviouspluvious Member Posts: 7
    Hello,

    I'm looking to lease a Jaguar S-Type 3.0 with premium package and navigation and would like to inquire as to what I should be able to get it for. I'm willing to put money down if it helps me get what I want.

    Your advice is much appreciated.
  • suvgalsuvgal Member Posts: 39
    Car_man,
    I just wanted to add that $3300 included $1400 in rebates, a trade in (after my old financing was paid off) value of $625 and $1275 down.
  • stalnakerstalnaker Member Posts: 72
    Car_Man:

    I was wondering if you had seen my message #19094. I was wanting the residuals & money factors for the CRV EX & SE models, based on 3 years and 12,000 miles/year. I want to compare to the Element and see if the CRV is a better vehicle to lease.

    Thanks!
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