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Will you share with me current money factors and residual values (36 month lease, 15K miles) for 4x4 Crew models of: 2005 Silverado, Sierra, F150 & Tacoma.
Thanks,
dnmbuck
my opinion (and I am by no means an expert or even a minor league expert)
I would prepay for the extra miles if you think there is even a slight chance you might need
the 15 a year(when you said "extra" miles i am asssuming you meant going
from 12k to 15k a year??) But the .10 cents a mile for prepaid miles seems a little
high (confirm this with the real experts).You should be able to get prepaid miles
for .05 cents a mile.
Paul
We are looking to lease an Acura MDX through Honda Financial. The finance manager told me that the acquisition fee had to be put into the lease and cannot be paid out of pocket upfront. This doesn't seem right to me because the description of the lease deal on the Acura website says "$2,393.00 total due at lease signing (includes first month’s payment, security deposit, capitalized cost reduction and AHFC upfront acquistion fee)". Can you please advise? I think I remember you saying before that these things can be pId upfront.
Thanks, Susie Noe
I like to roll in as many upfront costs as possible, to minimize the upfronts.. But, you certainly can pay as much as you want at lease signing, if that is your desire.
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Can you provide me money factors, residuals, and incentives for these 3 vehicles for a 36 month/12,000 mile lease? Thanks.
Could you let me know what medium sized trucks have the most lease support on them right now. I am not really picky as it will be a second vehicle and just want a low payment.
Thanks!!
Either way its still a guess, but going to 20K, the dealer might throw that on for you.
Good Luck
Silverado 4x4 Crew
Sierra "" ""
F150 FX4 4x4 Crew
Tacoma 4x4 Crew
Thanks,
dnmbuck
You can definetely pay inception fees upfront. They will sometimes structure the money in the lease so it looks as though you have paid a cap cost (down payment) at the beginning, but the start up costs are added to the rest of the lease. No idea why they do that -- must be some financials that are beyond the realm of reason. As long as you pay what you wanted to upfront (which is usually no more then 1st payment, security, and inception + TTL) -- you are OK.
PS> The extra $1500 rebate available now should make that advertised lease special (currently 399 + tax) about 360 + tax, so tell your dealer you know the rebate is available and you want it -- or find one who will deduct it for you, if you are in a qualifying region, and get drving.
Thanks for any help,
I'm new here and hope someone could enlighten me on some of leasing deals offered in the Saab market. I'm planing to lease a Saab 9-3 Linear for its special promotion (incentive), which is as follows:
$226 monthly payment for 24 mo with $2999 due at signing. Taxes, tags, and insurance are extra. There is a GM/Saab employee discount price as well. Offers expire July 5 (I think the lease price is also taken into account after the GM employee price, which I don't entirely understand).
I was told that this offer is only good for a basic Saab 9-3 Linear (manual transmission, no sunroof, no metallic paint), except for the GM employee price as it applies to all other models too.
However, the car that I was looking at is a 9-3 Linear with a manual transmission, a sunroof and a metallic paint. I went to a couple of dealers and all of them said now that we have this special offer plus the GM employee discount price, this is a hassle-haggle free purchase/lease and there is no negotiation (which I totally found absurd).
Anyway, I went to this dealership and was told that the MSRP is $29,295. But after all the discounts that they offer, the final price came down to $23,295. This is a purchase price. I think they quoted me a lease price that's about $1000 lower.
With this price, somehow it magically appears that I'll have to pay $280/mo for a 48-month lease with $3500 down payment. The annoying saleswoman who initially told me that with the set fixed everyone-gets-the-discount price, there is no negotiation. Period. But somehow she later told me that she would try to get the best deal for me (how could that be if everything is set and everyone gets the same price). And this was it! The best deal?
Exactly, that's my question. Is this reasonable? $3500 down payment with a $280 monthly payment for the 47 months. I'm more looking at $3000 down payment with about $250/mo for a 36-month or a 48-month lease. Am I hoping for too much? Or what I'm looking for is within a reason expectation? Thank you all for your insights.
I am a recent college grad planning on moving. How important is it to lease from a dealership near where you will be living?
Why exactly do you find this absurd? Have you been watching TV lately, or seen any of the ads on the Edmunds banners? GM is offering their Employee Price and all incentives to everyone this month - hence, the no hassle, haggle free price. Good deal for the majority of the people, worse for some.
Also, the lease price is normally more than the purchase price, not less.
As for the deal - it seems to me too high. But I have no basis because you are not providing enough details. Plus, you should look to do the deal with $0, or minimal out of pocket. And whatever is out of pocket (if any), find out exactly what it covers.
You need to ask the following:
Sell Price of Car (employee price) minus
Incentives plus
Aquisition fee plus
dealer fee plus
taxes (if any) plus
other fee(s) equals
Capitalized Cost (again, I would advise against putting down any money to lower the cap cost).
Then ask for the money factor, and the residual value.
Come back with these figures and we can compute a lease cost.
Second: never pay down payment/cap cost reduction on lease. "Sign and drive" is way to go (as opposed to a loan, when big downpayment can be helpful). Why? Navigate this thread backwards and you'll see. Shortly: even after you put down thousands, if you totaled the car next day, you are unlikely to see any of that money back. It makes nothing to your money factor (rental charges stay the same). It only lowers the fraction of the car to be paid over time. Thus, the benefit of lowering payments is drastically offset by risk of losing the money in case of early termination, regardless of reasons. It is better to pay more per month than pay upfront. Car man would explain it better than me, but I hope you got it.
2018 430i Gran Coupe
It is like those other car ads with "YOU PAY" and asterisk saying "price includes $2000 trade or cash, which of course prompts the question, whose money is that two grand (Stanta Clause's perhaps?). Same with taxes. If something is $9.99, I pay $10.70 (in most FL), thus saying "you pay $9.99" is simply cheating.
Why do we let them get away with that?
2018 430i Gran Coupe
Good luck!!
Excuse me while I ROTFLMAO!
The lease on my second Saab (9-5 Aero) is expiring and though I wasn't planning on leasing another Saab, these deals look just too good to pass up.
I've seen a lot of information on the base 9-3 linear, but could I please get the residual and MF on the 9-3 Aero and 9-5 Aero plus any incentives that are compatible with the GM employee discount for these cars on a 2 and 3 year 12k lease?
Thank you very much in advance... for potentially my 3rd lease with your help.
Ky-Won
Now I have some info which wasn't easy to get from my other unvolunteering saleswoman (sales # 2). The other saleswoman (sales # 1) who gave in a quote through the internet in the first place simply said I needed to come in to fill out a credit application form before she could give me all the other details!
She (sales # 2) refused to tell me about the acquisition fee, saying that she has to get it from her boss so I would have to come in to see all the numbers.
She said she had no idea about other fees, including the acquisition fee and security deposit, but they all somehow are included in my previously-agreed upfront down payment of $3500. Isn't this absurd? Isn't this no hassle-no-haggle purchase/lease? Would this lead to no negotiation?
I find this very obnoxious. :mad: Buyers are more educated these days so they'd better watch.
The residue value, according to her, is at 39%. She has no idea how much the money factor was (or simply played dumb).
The sales price is $26,665 after a GM discount of $2630 (MSRP = $29,295). Interestingly, this number doesn't match the $4889 I found on the SAAB website. Uhm, who is lying here? Then there is the lease cash rebate of $3500. So now the retail sale price comes down to $23,165.
Once asked so many questions, she simply said, "Listen Dear, I've given you a great deal and this car is not going to be around forever. You need to come in and get it!"
Please tell me this is a joke. Is this a great deal? I found out from a lease calculator by using some of my own approximation, that with the monthly payment she gave me, not to mention the large upfront money ($3500), they would be making an additional $1000 off of me! So tell me, is this no hassle, no haggle? I think not. :mad:
However, if any of you can give me more information to ensure that I'm on the right track as far as figuring out my monthly lease payment is concerned, please let me know. Thanks a bunch once again, guys and gals.
JS
thanks -Ricky
I have been negotiating a lease with a local dealer for an 05 Le 4x4 with nav and a couple of other options.
MSRP is 37910
have been offered a lease deal as follows.
399mo +tx
1999 cap reduction
first mo
no sec dep
ttl + reg etc...
this is an 18k mi a year for 39mo.
does this sound like a good deal? I was never given the actual sale price.
I need to know If I should go through with this deal or not. any help would be greatly appreciated.
Thanks
Dan
I can kind of understand this. I think what she is saying is that she quoted you a price with a money factor based on excellent credit. Should you not have excellent credit, then the money factor will be higher, and then the payment higher. If you are Ok with it, tell you that you will fill out a credit ap, but then you want to see all of the info you requested along with a lease worksheet detailing all of the info, payment, etc.
She (sales # 2) refused to tell me about the acquisition fee, saying that she has to get it from her boss so I would have to come in to see all the numbers.
She said she had no idea about other fees, including the acquisition fee and security deposit, but they all somehow are included in my previously-agreed upfront down payment of $3500. Isn't this absurd? Isn't this no hassle-no-haggle purchase/lease? Would this lead to no negotiation?
I find this very obnoxious. Buyers are more educated these days so they'd better watch.
I would stay away from this salesperson. Sounds like she is lying to you if she is saying she does not know those numbers.
The residue value, according to her, is at 39%. She has no idea how much the money factor was (or simply played dumb).
ASk if the lease is through SAAB, or through an independent. This is a low residucal value (which does make sense for SAAB unfortunately), and does help me understand why the payment is greater than I expected.
The sales price is $26,665 after a GM discount of $2630 (MSRP = $29,295). Interestingly, this number doesn't match the $4889 I found on the SAAB website. Uhm, who is lying here? Then there is the lease cash rebate of $3500. So now the retail sale price comes down to $23,165.
This number - $23165 - I am sure is correct. It does not match the number found on the SAAB website because the website lists the price for the base sedan only with no options. The website lists a SAAB Employee Discount of $22681. You are buying a care with options. Not coincendentally the MSRP for the base SAAB 3 is $27570 - a difference of $4889. You can ask to see the Employee Price on the dealer invoice - no secret this month.
Once asked so many questions, she simply said, "Listen Dear, I've given you a great deal and this car is not going to be around forever. You need to come in and get it!"
Tell her it is your money - an if it is a great deal, she should not be so afraid of showing you the details! Again, I would stay away and try and concentrate on the first salesperson.
Please tell me this is a joke. Is this a great deal? I found out from a lease calculator by using some of my own approximation, that with the monthly payment she gave me, not to mention the large upfront money ($3500), they would be making an additional $1000 off of me! So tell me, is this no hassle, no haggle? I think not.
I am not sure how you can be calculating a lease payment if you did not get the money factor. You really need to know all of the details I mentioned in my first post to you to get the payment calculated. Without the money factor you are speculating. So, is it a good deal??? Again, need to know the details. Also, remember to ask how many miles/year they are quoting you for the residual.
Good luck.
2018 430i Gran Coupe
Thanks
YHARI
Does the $2600 in lease cash apply to the state of Florida on the Cadillac CTS?
Also, would you happen to know what the lease acquisition fee is and does GM charge a security deposit on their leases?
Thanks!
Sincerely yours,
leasely challenged
Thanks
Thanks again.
Jay
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I'm in the same boat, kinda, in that I am a few miles over. I might be getting a new car from a different brand, so I'm hoping they take my car to save me a few bucks. I doubt they would want to do that though, most dealers don't want to take on used cars if they don't have to. Post up here what you end up doing though.
When I mentioned to him that Volvo is offering 7500 off from MSRP in public advertising , he said that they get dealer cash from Volvo only if they sell a car but not for lease, which I think is incorrect.
On Volvo's webiste, a base model of S80 - 2.5T FWD is for lease at appx $400 pm with 4K down and that too when the gross capitalized cost is the MSRP.
I would appreciate the wise words form somebody on what should be :
1. Appx. lease rate if I lease AWD with Nav. / Audio/ Premium.
And 2. if I lease FWD with Premium
Nissan Altima SE no additonal options.
36 months
15k miles a year.
2000.00 down, drive away price that includes 1st month payment.
295.00 a month
thanks....Paul
Car_man
Host
Smart Shopper Forum
"Car_Man: Can you help me out with MF and Residual for 2006 E350 4matic, 12k/yr for 36mos? You helped me on this few months ago but it was new model and there was zero lease support at time. Hoping June is better time... Thanks a lot for helping everyone here out!!"
Thanks again!
Car_man
Host
Smart Shopper Forum
Thanks
I'm also looking at a Jeep Grand Cherokee and the 06 BMW 330. Do you have the residual and MF on those as well for the same terms?
Finally, do you know anything about the GM in your driveway program? A member on the hummer board got this discount on the 06 H3 he just leased and I was wondering who qualifies. Any insight is appreciated. Thanks a lot.
Car_man
Host
Smart Shopper Forum
Can you please tell me the AHFC residual and money factor for June for an Odyssey EX, 12k/yr, 36mos, both with and without security deposit, and how much the security deposit is? I don't believe these figures have been posted yet for June in this forum. Also, do you think there's any chance of "4th of July" deals starting in the last week of June?
Thanks!
I can give you an idea of what the lease program is currently like for the 2006 BMW 330i, but in order for me to give you the numbers for the 2005 Jeep Grand Cherokee, I need you to be more specific about the exact model that you want. If you were to lease a 2005 BMW 330i through BMW Financial Services right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00250 and 61%, respectively.
I believe that the GM "In the Driveway Program" allows non-GM employees to purchase new vehicles at its employee purchase price. In order to take advantage of this program you have to have a GM employee give you a certificate for it. There is not much of an advantage to this program on 2005 models right now because everyone qualifies for GM's employee pricing, but if you can purchase a 2006 Hummer H3 through this program and can find a dealer that is willing to sell you one through it (they are not required to) you could get a heck of a deal on one.
Car_man
Host
Smart Shopper Forum
As for the Jeep Grand Cherokee, I'm not sure if I'm going Laredo or Limited. I would assume Laredo though, 36 months, 12K. Thanks for all the help.
You previously gave me the MF and Residual for a 2005 G35x on a 3yr/15k lease. I've already agreed on a price for the car and will pick it up Friday evening. I'm now thinking that I might need more miles per year and can change it accordingly Friday morning. Do you have what the MF and Residual will be for a 3yr/18K lease. I greatly appreciate your prompt attention in this matter. I will post the final details once I get the car.
can you check out my questions:
maxima> page 1061 # 21213
altima> this page # 21369
thanks,
Paul
This is my first time on a chat forum & also my first time contemplating a lease. I did some math in a spreadsheet to come up w/ my own assessment, but I wanted to check in w/ the experts b4 moving on it. I plan to go buy or lease a car tomorrow morning after surfing (yeah I'm lucky to live in Hawaii).
The main criteria for cars for me are: 1] Reliable; 2] Decent Power; 3] Fits my 8' 7" board inside. I had a '98 Mazda 626 that did just that (2.5L V6), but I was not careful in maintianing it & killed it (blown exhaust gasket).
I don't want to take in too much additional debt because I just bought a '05 Van for my wife. So ...
I looked at a Hertz pre-owned '04 Pontiac Grand Am SE, for ~ $10,500 & comes w/ the entire maintenance history (I am afraid of buying used cars elsewhere & the CPO prices most everywhere are very high).
The other option I am looking at is the '05 Honda Accord LX (2.4L 4cyl). I can get a 36 month lease deal of $4K down & $165 (includes tax)/month; the fine print says $4K total drive off, LEV = $11,388.6 & MSRP = $21,090. There's 12K miles per year allowed & it's $0.15/mile for overage.
I compared both in cost to drive for 3 years, and they came very close (it really depends on how much one thinks that the Grand Am will be worth 3 years later). The Honda cost was only $600 higher ... & that's for a more reliable & safer car, so I am very tempted to do the lease thing (even if I go over in miles by 1,500 miles per year, that still is just another $675 over 3 years, that's not much ... What am I missing ?
Here is the math (just in case u want to look at it):
Initial Payment Credit Card Year 1 Year 2 Year 3 Residual Total 3 yr cost
05 Honda $1,500 $2,500 $1,987 $1,987 $1,987 $9,962
04 Pontiac $1,500 $2,170 $2,170 $2,170 $570 $7,440
Initial Delta = $2,522
The residual is calculated by taking the 3 yr depreciated value of the Grand AM as given by Edmunds = $4,910
and subtracting the amount owed in the loan after 3 years = $4,340
The depreciation figures fm Edmunds are for the 2005 Pontiac GT per could not get '04 Grand Am figures
Other Considerations
Insurance Fuel Maintenance Repairs Ttl other Cost for 3 years
05 Honda $2,743 $3,860 $1,230 $110 $7,943
04 Pontiac $2,770 $4,868 $1,834 $394 $9,866
05 Honda Accord LX (4 cyl 2.4L) --------------------------> Combined = $17,905
04 Pontiac Grand Am SE (V6 3.4L) ----------------------> Combined = $17,306