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Lease Questions - Ask Here

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  • ckigginsckiggins Member Posts: 68
    Hello - considering leasing an '05 Maxima but have questions regarding the lease agreement as it relates to insurance.

    Can anyone tell me what kind of insurance is required on a Nissan lease? I currently have 50/100/50 on my '02 Acura (financed). However, I have read online that with leases they sometimes require you to carry 100/300/100. Is this true with a Nissan lease?

    Also, is Gap insurance required as part of the agreement?
  • dwynnedwynne Member Posts: 4,018
    Never had a NMAC lease before, but every lease I ever had required 100/300/100 liability with maximum deductible of $500 or so. I would be surprised if Nissan did not require it as well. You are driving their car, so "in theory" someone could sue them for your actions.

    My car insurance company (State Farm) includes Gap insurance on leases with the policy, once you tell them it is leased. You can check the NMAC details on the contract, but also check with your insurance carrier. Too many folks have been hosed in the past that a lot of captive lease banks and insurance companies have started including it in the deal. There is nothing that will make a customer more angry than having to pay out a bunch of money for a car that was stolen or totalled - that tends to cost them repeat business.

    Dennis
  • carnagcarnag Member Posts: 42
    Thanks for all the info dwynne Some other questions.

    I just spoke with the dealer again on an '05 530 with auto,cold,premium package and satelite radio prep. Do you know what the satelite prep is off hand?

    My major question is that the dealer requoted me a MF of 0.00150 when I said BMW was offering 0.00125 (original offer of 0.00165). Should I be able to get the BMW quote of 0.00125 regardless? This would save me almost $20/mo vs. 0.00150. Also how do these numbers sound for those options:
    MSRP $49,995
    Price offered by dealer (he says will offer a BMW authorized discount of $2500 on all '05 530's) $47,495 he said his invoice is $46,254.98
    Tax is 6.75% Residual 63%
    Tax owed for IL resident 3,209.65 total or 89.15/mo
    $650 sec. deposit
    Ist payment?
    Acq Fee $625
    Doc fee $55.39
    Plates/reg fees $143
    Total out the door cost if I pay $2,500 cap cost reduction (taxes paid up front I believe) will be $3,896.58. He then said I could lease for $603/mo (In my range)

    My calcs come out different. I figure I would owe $562.87/mo pre any tax. If I pay the $2,500 in taxes up front then I should have 709.65 owed which would be $19.71/mo. 562.87+19.71=582.58/mo not the $ 603/mo he quoted. If I can get the MF of 0.00125 then it would come out to $543.13/mo pre tax or $562.84/mo with tax.

    What am I missing, or his he yanking my chain here. Thanks for any input.
  • hgileshgiles Member Posts: 66
    I would love some help on a lease for a 2006 SLK 350 that I will be ordering for 10/05 delivery.

    The dealer gave two lease options for a tier 1 credit customer for a 36mo/15k lease.

    1) MF 0.0024 with 54% residual
    2) MF 0.0037 with 61% residual

    Neither option looks particularly good but maybe my expectations are off. Thanks for your help.
  • jbaerjbaer Member Posts: 45
    car_man -

    one more thing. I noticed that VW will lease for 36 or 39 months. Do all car companies do this? 39 month is actually more convienient for us right now. Does Saab do this for the 9-3 linear? what about honda for the accord ex? Does this affect the money factor or just the residual? I am basically cross shopping base 9-3 linear vs. accord ex vs. passat gls. Thanks again.
  • calahancalahan Member Posts: 1
    What questions do I need to ask and what kind of info should be provided by the dealer. I'm interested in leasing a 2005 Sienna LE van.

    Thanks.
  • kingallskingalls Member Posts: 3
    I need to lease another vehicle in the next month. I want the highest value vehicle I can get with the lowest monthly payment. In your experience, what sedans or suv's have the best Residual and money factor? I believe the longer the lease and lower millage usually has lower lease payments but some cars must be better than others. Where should I begin my search?
  • 4x44x4 Member Posts: 114
    What is the "buy rate" on a 05 eddie bauer expedition? The ford dealer is giving me a money factor of .003229 which equates to a 7.75% which seems high..they are also giving me a residual value of 47% of a MSRP at 42345...which is 19,902...I have negotiated the deal down to 33K with taxes and fees which I can now either buy or lease..this includes 5500 in rebates...

    So which is smarter to do? I can finance at 4.5% on the buy side so after three years I will have paid 615.25 *36 = 22149...so that means I will owe 14766 ($36915-22149) ....Ford is saying the residual value at that time is 19902 which to me means I would be able to sell my expedition with two years left on the buy deal and make about 4K? If my math is right I would think in this case I should buy?

    If I lease with their terms, I pay 534.66*36 = 19247...and get nothing...although I think that is an ok deal, since i have gotten the price down from the beginning I think buying gives me a chance to make some money at the end of three years...make no mistake, I will probably only keep it three years...but in this case I think leasing is not the way to go? Opinions please!!
  • pingpng50pingpng50 Member Posts: 16
    Ok mint chip chocolate chip it is. I'll pick you up in my new you know whenever it gets here. No word yet on when it is to be built. I called LEXUS financial last week and after putting me on hold a long time told me there were no special incentives of any kind in effect then. My dealer told me i could not lock any rate until the car gets here. Oh dear.
  • ch7656ch7656 Member Posts: 43
    Car Man-
    Looking for some help with a 2005 Sienna XLE...I'm in SoCal and I'm looking for the MF and Residual on a 36 with 10k per year (12k if 10k is not available)...Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi utollwifl. I personally feel as though your mother would be much much better off waiting until the scheduled end of her current lease rather than leasing a new Jetta now. Having the dealer get her out of her current deal early only hurts her bargaining position on her new car. I would be more than happy to calculate a sample lease payment on the new car that your mother is interested in for her, but in order for me to do so, I need you to provide me with its full MSRP and selling price.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi pumpkinjack. I believe that I already answered these questions for you. If you can't find my response, let me know and I will answer them again.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here is the information that you are looking for, jerhot. According to the latest information that I have seen, if you were to lease a 2005 Honda Accord LX Sedan through American Honda Finance Corp. for 48 months with 12,000 miles per year, its base lease money factor and residual value should be .00230 and 45%, respectively. Honda's special lease program on this car is only available for leases of up to 36 months in length. As you can see, by leasing for four years instead of for three, you have to use a much higher money factor, .00230 instead of .00038. If I was in the market for an Accord LX right now, I definitely would lease one for 36 months instead of for 48. The special rate that is available on this car for up to 3 years is good on both the automatic and manual.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi indysoob. Yes, the Chrysler Pacifica is one of the few models that has a lease program that varies depending upon the option packages that it has. Chrysler Financial's current base lease money factor and residual value for a 39 month, 12,000 miles per year lease of a 2005 Chrysler Pacifica Touring FWD with the 26T package should be .00072 and 46%, respectively. The lease and bonus cash that are available on this vehicle do not vary by option package.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, jaybee85. I am glad that you find this discussion so helpful. Let's work up a sample lease payment on this car for you and see what we come up with. According to my calculations, if you were to lease a 2005 Honda Accord LX 4-cylinder Sedan with an MSRP of $21,090 and a selling price of $18,000 through American Honda Finance Corp. right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $201. If you were to make a $1,000 capitalized cost reduction on an otherwise identical lease, it would reduce the monthly payment to around $173. It is difficult to generalize how much money a $1,000 down payment will reduce vehicle's monthly payments by because every vehicle's lease program is different. As you can see, for this particular vehicle and term a down payment of $1,000 would drop the monthly payment by around $30.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Bonnie. According to my calculations, if you were to lease a 2005 Infiniti G36 Coupe with an MSRP of $36,260 and a selling price of $33,620 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 $424. I am not personally all that familiar with how sales tax is calculated on leased vehicles in New York, but you may be able to find out more informaiton on this subject by visiting one of the following sites: New york State Department of Motor Vehicles Internet Office or New York State Department of Taxation and Finance.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, ca_man. The Audi A4 and A6 definitely are very expensive to lease right now. While they both are very nice cars, there are a number of comparable models out there that cost much less to lease. The $1,500 lease loyalty cash that Audi is providing on the 2005 A6 is currently scheduled to run through May 4th, but I would not be surprised if Audi extended it for another month or two. Talk to you in May.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional information, mrw176. If you were to lease a 20'05 Chrysler Pacifica Touring AWD with the 26U options package through Chrysler Financial right now for 39 months with 12,000 miles per year, its base lease money factor and residual value should be .00089 and 47%, respectively. When negotiating your lease on this vehicle, don't forget that there is $2,000 lease cash plus an additional $1,000 bonus for leasing through Chrysler Financial, $3,000 total, that will help you to negotiate an attractive capitalized cost.

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  • sgtgloksgtglok Member Posts: 8
    Negotiated price 39,500.

    I plan to use AHFC 48-mo lease program, and returning customer with 2001 MDX coming off lease soon.

    Dealer quoted me 52% residual and 0.00223 money factor valid until 4/30. I already made the last payment on my current lease, due 5/19.

    Last time I shopped around in March, m. factor was 0.00190, which makes about $27/mo. difference now.

    My dilemma is to take the current rate, which means returning the vehicle almost 3 weeks earlier (= loosing 3/4 of last payment) or wait until May's numbers come. I am looking for forum member's suggestions or opinions.

    The interest rates did climb up abit around begining of April, but seem to have reclined abit since.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello again Don. I don't believe that I messed any posts recently, but then if I actually missed them I wouldn't know about it would I? Hmmmmm, very deep. OK, Lexus is not currently providing any sort of lease support on the 2006 GS 300. As a result, if you were to lease one through Lexus Financial Services, you would have to used its standard lease program. There is a little regional variation in its standard lease money factors, but in most areas its base standard factor for consumers who qualify for its Sign and Drive+ credit tier should currently be around .00225. As you can see, this factor is not as attractive as the one that you were quoted for a lease of this car through an independent bank. As long as this bank's 48 month, 15,000 miles per year residual value is equal to or greater than the 49% residual that LFS is providing, you would be better off leasing through them (the independent bank that is).

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings kurb. 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
    Welcome to the wonderful world of leasing, workerbees. Since you have never leased before, 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.

    The selling prices of leased vehicles are always negotiable. Manufacturers' advertised leases usually leave a little meat on the bone so to speak. Dealers would be pretty annoyed if automakers advertised nothing deals on vehicles. You never mentioned the selling price of the truck 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 MDX 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 this MDX for you if you let me know what its selling price is.

    If this truck's residual value ends up being higher than it is actually worth on the open market when your lease is up several years down the road, it is actually a good thing because it means that you gout of of having to pay for some of the depreciation that it experienced during this time period. Of course, you would not want to purchase a vehicle that has a lease-end purchase price that it higher than its market value.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Let's take a look at the lease program for the model that you are interested in, mattm2. According to the latest informaiton that I have seen, if you were to lease a 2005 Infiniti G35 Coupe through Infiniti Financial Services for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00215 and 60%, respectively.

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  • handsonarthandsonart Member Posts: 10
    I am looking to lease a 05 Honda Pilot EXL for 36 months in Long Island NY. 15,000 miles.
    Can someone tell/share info on what would be a good lease price to pay and dealerships that they may recommend.
    Any lease tips would be helpful. Thank you in advance for your help!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Synsat, the way that sales tax is calculated on leased vehicles on your state definitely is ridiculous, but I would gladly trade you your state's funky sales tax rules for my state's income tax ;).

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello jackstraw1. Regularly scheduled maintenance is what the factory recommends, not what your local dealer tries to sell you. Having said this, as long as you have had your car's oil changed on a semi-regular basis and it is in decent shape, the bank that you are leasing through usually does not care whether you have performed every single recommended maintenance item. If I was in your situation, I definitely would not have any major work done one this car right before the end of the lease. At most, change its oil. You aren't even required to turn in the receipts for the maintenance that you have performed, but it never hurts to keep them filed away at home. Volvo Finance is usually fairly lenient when evaluating vehicles at lease-end. In fact, it now includes something which I believe is called Volvo WearCare with its leases. This program waives up to a certain amount of damage on leased vehicles, the number $1,500 comes to mind but I am not positive. A number of automakers have started similar programs. They make sense because the last thing a manufacturer wants to do is annoy potential future consumers by nickel and diming their current lessees to death at the ends of their deals.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome again, Miguel :shades:.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings jsjgatlanta. I would be more than happy to evaluate your new lease for you. However, you never mentioned the selling price or MSRP of the Pilot that you leased. 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 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
    No problem, pumpkinjack. Yes, the lower the selling price you are able to negotiate on this vehicle, the lower your monthly lease payment will be.

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  • minn55441minn55441 Member Posts: 7
    Hi Car_Man,

    I would like some help with a potential lease of an 05 Grand Cherokee.

    I was at the dealership yesterday and wonder if I was offered an acceptable deal. The vehicle has a MSRP of around $33,500, the price I agreed on with the salesman was $27,595 after all rebates. I think this is a great price. The problem is that I have a trade, which most sites I have visited value at $10,500. The last time I checked (Dec) my credit score was 780.

    Now for the offer they gave me. They will write me a check for $10,000 for my trade. I write them a check for 895.01 and sign a lease for 433.01 per month. This is for 15,000 miles per year for 39 months.

    I didn't have time to get into much of a discussion as I had to leave the dealership to for another appointment. Do you know what I should be looking for in a residual and Money factor on a lease such as this. I feel there is some bargaining room when I go back to the dealership next week. Any advise you could give me would be greatly appreciated.

    Thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    HA, very good response, kyfdx. You are absolutely correct. Saab's cash incentives are much higher on cash purchases, or deals that are financed through an independent bank which essentially are the same thing, of the 2005 9-2X Aero than they are on leases of it. You're very welcome. Let me know if you have any more questions and don't forget to stop back and tell us how everything turns out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome kappajen. It is usually much less expensive to purchase additional miles on a per-mile basis at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey nospam. I haven't seen the commercial that you are referring to, but I can tell you that Infiniti's lease program on the 2005 G35 AWD is only slightly better in April than it was in March. I would be more than happy to give you an idea of what this model's current lease program is like if you let me know how long you want to lease it for and how many miles per year you need to be able to drive it.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jim53. As usual, Porsche is not providing any sort of lease support on the 911. If you were to lease a 2005 Porsche 911 Turbo S Cabriolet with a manual transmission through Porsche Credit right now for 2 years with 10,000 miles per, its base lease money factor and residual value should be .00395 and 63%, respectively. The numbers for an otherwise identical 3 year lease of this car should be .00260 and 57%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome aboard, jon219. I always advise consumers who have never leased before to check out the following informative articles on the subject that are available here at Edmunds.com prior to entering into negotiations with dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Let's calculate a sample lease payment on the vehicle that you are interested in, using BMW's base lease program and see what we come up with. According to my calculations, if you were to lease a 2005 BMW X3 3.0 with an MSRP of $39,036 and a selling price of $36,700 through BMW Financial Services right now for 3 years with 12,000 miles per, your zero down, pre-tax monthly payment should be around $419. If you were to put $2,500 down, which I advise against doing for reasons that I state later, it would reduce the monthly payment for an otherwise identical lease to around $347.

    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 this BMW X3 would be exactly the same, regardless of whether you had put $2,500 down, or had made absolutely no down payment at all.

    As you can see, the lease payment that you were quoted is a little on the high side. It would be in your best interest to comparison shop with a few other BMW dealers in your area.

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  • johngtjohngt Member Posts: 19
    I'd just like to confirm the current Honda Finance residuals values for a 36 month lease at 12,000 and 15,000 miles. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, carnag. There's no reason to hide the fact that you want to lease your new vehicle from dealers. However, make sure that they tell you the exact selling price and MSRP of the vehicle that you want rather than letting them cloud the picture by only talking payments. Always remember that the selling prices of leased vehicles are negotiable. I am sure that at some point later on this year BMW's lease money factors on the 2006 5-Series will be lower than they are right now. BMW probably will not provide much in the way of lease support on the 2006 5 until it has sold most of its remaining 2005 models. BMW may not introduce low money factors on the '06 model for several months. It is difficult to say what manufacturers will do with their future lease programs with 100% accuracy. Even the automakers themselves do not know exactly what they are going to do down the line until they see how well their vehicles are selling and what their inventory situation is like.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Unfortunately, guido2004, the $1,500 customer cash that Nissan is currently providing on the 2005 Armada is not compatible with its special lease program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey cgr45. The lease program that you were quoted on this car is right in line with American Honda Finance Corp.'s base program for it right now. This is a good thing. The selling price that you were quoted looks reasonable to me as well, but you may want to stop by the following discussion to see how much other community members have paid for similar cars lately: "Acura RSX: Prices Paid & Buying Experience". I just double checked the lease payments that you were quoted, and using the numbers that you provided in your post I came up with $270 with 15,000 miles per year and $256 with 12,000 miles per year before tax.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ronald15. I would be more than happy to try to give you an idea of what your lease payment should be like on this car. However, 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
    Hi marcroz. The lease money factors that you were quoted for this wagon are much higher than Volvo Finance's base lease program for it. Volvo is providing a $5,000 cash incentive for 2005 V70 models that are leased through any bank other than Volvo Finance. Perhaps the dealer that you are working with is running this lease through an independent bank and either using the $5,000 to reduce this vehicle's capitalized cost, or trying to pocket it.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello dgurney. I am not an accountant and do not play one here on the Internet, but I believe that the monthly payments for vehicles that are leased for business purposes are usually tax deductible. You really should check with your own accountant to find out exactly how leasing a vehicle for your business will impact your taxes.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi there dicky. Honda is not currently providing any sort of lease support on the brand new 2006 Ridgeline. As a result, if you were to lease one through American Honda Finance Corp. right now, you would have to use its standard lease program. I would be more than happy to try to give you an idea of what this program is like for this truck right now if you let me know how long you want to lease it for and how many miles per year you need to be able to drive it.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey jbaer. Let's take a look at the lease program for the car that you are interested in. According to the latest informaiton that I have seen, if you were to lease a 2005 Volkswagen Passat GLS 1.8T Sedan through VW Credit right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00003 and 47%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. VW is providing $2,000 dealer cash on 2005 Passat Wagons and $1,000 on 2005 Passat Sedans, but these incentives cannot be combined with its special lease program. Having said this, VW is providing $600 dealer cash on leases of the 2005 Passat GLS 1.8T Sedan right now.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Carnag, unless you are having the lease security deposit and acquisition fees waived on this lease, this is not a good deal. BMW FS' current base lease money factor for the 2005 530i is .00125. As you can see, this is much lower than the .00165 that you were quoted.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello Alex. The Acura dealer that you are working with was telling you the truth about this car's lease program. Acura is not currently providing any sort of lease support on the 2005 TL. As a result, if you were to lease one through American Honda Finance Corp. right now you would have to use its standard lease program. Its current standard lease money factor for 3 year leases is .00240. It was increased to this at the beginning of the month from the .00220 that was available in March.

    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
    Hi kingalls. Toyota's lease program often varies depending upon which one of its twelve regions one is in. I would be more than happy to try to give you an idea of what its lease program is currently like on the 2005 Avalon, but in order for me tod so so accurately I need you to tell me what state you are in.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi smjbh. I think that there has been such a large difference in the lease money factors that dealers are quoting you for this car because some are assuming that you are leasing a 2005 A4 and others think that you want a 2005.5 model. If you were to lease a 2005 Audi A4 1.8T quattro (not the special edition model) through Audi Financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00015 and 56%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. Using these numbers, an MSRP of $36,620, and a selling price of $34,126, I come up with zero down, pre-tax monthly payments of $387 for 3 years with 15,000 miles per and $367 for 3 years with 12,000 miles per. $200 over invoice is a very good price for this car.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here is the information that you are looking for, rickva. If you were to lease a 2006 Infiniti M35 AWD through Infiniti Financial Services right now for 36 months with 15,000 miles per, its base lease money factor and residual value should be .00178 and 60%, respectively. The numbers for an otherwise identical 39 month lease should be .00178 and 59%. The numbers for an otherwise identical 42month lease should be .00179 and 57%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello minn55441. DaimlerChrysler is currently providing a total of $3,500 in cash incentives on leases of 2005 Jeep Grand Cherokees. Taking this cash into account, this would place this truck's actual selling price at around $33,500, the price I agreed on with the salesman was $31,095 which sounds pretty good to me. Let's calculate a sample lease payment and see what we come up with. According to my calculations, if you were to lease a 2005 Jeep Grand Cherokee Laredo 4WD with an MSRP of $33,500 and a capitalized cost of $27,595 through Chrysler Financial right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $369.

    For more information on how much you should be able to get for your trade, you can look 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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