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Thanks for your help. I need to add the following: 12,000 miles per year, 36 months.
So the overall picture now is:
2005 Nissan Maxima SE
MSRP: $28,080
Invoice minus 500 rebate: $25,226*
12K, 36 months
0 down
7% tax (FL)
*I'm not sure I follow you on this part -- should I add $300 on for the dealer's profit? You seemed to indicate that the $25,500 TMV wasn't the absolute best I could do . . .
Also, could you figure the payment WITH tax for me, as well? I don't know which part to figure the tax on.
Thanks for all your work -- we're sticking it to you today!
The MSRP including destination is is $31,010.
Thank you,
Spudito
$2000 down
36 month lease
12,000 miles/yr
$409 + tax/month
I live in Florida with 7% tax so it comes out to be about $438/month. Is this good? Thanks!
Accord V6 EX non-navi
MSRP: $27365
Selling price: $22963 -- note this is the price on carsdirect.com in my area, and I assume it includes the dealer cash you mentioned.
36 month lease, 12k miles per year.
Also make the assumption that there's no security deposit, which should boost the MF by .0001
According to my math, if I pay acquisition, doc fees, etc. up front with no cap cost reduction, that puts my pretax payment at $287/mo -- an outstanding deal in my humble opinion, and one that I will fully take advantage of assuming I can get a dealer to give me the dealer cash on a lease (that's why I asked earlier, as I've had one dealer that said yes and agreed to that selling price, then called me back 30 minutes later saying dealer cash is no good on a lease -- I don't know if he was trying to make a buck or not).
Here is what the selling price is on Carsdirect for the EX 2.4L leather auto without navi:
MSRP $25115
Selling price $23341
Using the same lease assumptions as above, that puts my payment at $330/mo pretax. Oddly enough, the selling price on the V6 is cheaper than the 4 cylinder, and given the huge disparity between MSRP and selling price on the V6, that makes this lease a killer deal (again, all assuming I can get a dealer to work with me to get to the carsdirect price and do the lease).
Do my calculations add up, and can you confirm the $1250 dealer cash on the V6? If it's no good on the lease, it may make sense to simply purchase at that price. Thanks for any help.
Do you have any words of advice about leasing in New York?
Also, we've heard the term "money factor". Can you explain this and do you want a high or low number?
thanks.
2006 Toyota Solara SLE Convertible with navigation, the ToyoGuard Plus option and the stability/traction control option.
MSRP including options is $33,477 (this is including the $590 freight charge)
$2000 down
36 month lease
12,000 miles/yr
$409 + tax/month
7% tax so it comes out to be about $438/month.
Is this good? Thanks!
You're right, Infiniti is currently providing $1,000 dealer cash on 2005 G35 Sedan 2WD models, however this cash can not be used on units that are leased or financed through IFS. Infiniti is not currently providing any cash incentives on AWD models. It is difficult to say whether it will in August, but I suspect not.
Let's work up a sample lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2005 Infiniti G35X sedan with an MSRP of $37,270 and a selling price of $34,000 through IFS right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $407. The payment for an otherwise identical lease with only 12,000 miles per year should be around $397.
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One thing that I don't like about your deal is the large down payment. 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 your Solara would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.
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Having said all of this, I do not believe that Subaru offers leases in the state of New York any more. Many banks that used to lease vehicles there now offer consumers balloon notes instead. Balloon notes are very similar to leases in that they provide consumers with low monthly payments and an option to purchase their vehicles at the end of a specific period of time for a pre-determined price. The main difference is that with leases the name of the bank that the lease is through is on the vehicle's title, while with balloon notes yours is. This is important in the state of New York because the silly vicarious liability laws that exist there leave banks exposed to the possibility of being sued if a leased vehicle is in an accident because their names are on the title.
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I am looking at leasing the 2005 Lexus RX 330 FWD with Premium Plus Package and heated seats. I am interested in a 3 year lease with 12k miles per year (I currently have a 4 year lease on an MDX and find it way too long). What kind of numbers should I be looking for? I really need some help here, because the first time I ever leased was my MDX and I feel like I probably got nailed to the wall then and don't want to repeat the same mistakes this time. Thanks in advance! Oh and the sales guy told me today they didn't have anything good to offer now but would at the beginning of the month. Does that make any sense? I always thought the better deals were at the end of the month? Thanks.
Terry
Welcome back.
I would like to lease a 2006 Mazda5. Being that I'm in NY, I would have to do a Smartbuy. I was quoted a 8.64% APR and 42% residual for 48 months.
Can you tell me what the lease numbers are for the Mazda5 anywhere but NY?
I would like to compare the Smartbuy #'s to a normal non-NY lease.
MSRP is 20,410
Adj Cap is 20,000
thanks
I am getting ready to pull the trigger on an Nissan Altima SE-R lease and would be interested in yoiur thoughts.
MSRP $30830
Final Price $26970
36K/12,000 Miles with $1500 Down
Final payment (with MD tax) 0 $411
I was debating on getting a SE but trying to find colors/options we want is difficult.
Thanks for any opinions or thoughts
I'm interested in the mf and residuals on three if you have the time.
2005 Mercury Mariner Premier for the Pittsburgh region. After employee discount and applicable rebates the price is $23,690 down from the MSRP of $28,840.
2005 Mercury Monterey Luxury. $25681 after ED and rebates. MSRP is $33,295. Pittsburgh region as well.
Last one, 2005 Ford Explorer Sport, $$25,976 after ED and rebates. MSRP is $34,280.
All are for a 36 month lease where we drive less than 12,000 miles per year.
If you can provide "out the door" lease payments easily as well I'm listening. Assume zero down and as little money due at siging as possible.
Thanks!
My wife and I have a lease on a highlander that is ending and we are looking to lease a new minivan (unless I can convince her to stick with an SUV). Anyway, we're looking at a few vehicles and was hoping that you could give me the Money Factors and Residuals for the following:
Toyota Sienna LE (and XLE if they are different)
Dodge Grand Caravan SXT
Honda Odyssey LX (and EX-L and EX-L RES if different)
Buick Terazza CXL
We'd be looking at $0 down for 3 years. We're unsure if we'll do 12K or 15K miles, so if you could provide both that would be great. I'm also a returning AHFC customer so I should qualifiy for the lower MF if we go with the Odyssey.
Thanks!
My apologies for giving this to you piecemeal. We are interested in the EX-L. That is the EX with leather. It does not include DVD and Navigation systems.
I am looking for a z4 or similar car. Edmunds is showing 4500 dealer cash on this model, can you give me the 39 and 39 (15k/year) month lease rates and residuals on this car please? Also is the 4500 good with a lease, or is just for purchases? Is there anything else out there with support like this from the manufacturer?
Thanks again!!
I had posted this in the phaeton forum but someone mentioned that I should post over here to maybe gather some more insight and advice, so here goes:
Hi guys and gals. I'm new to the forum. I have been actively browsing the forum for about a month or so and have found it quite informative during my research for a new car lease that I will be getting into sometime this month. I went down to my local vw dealer to play some hardball and see what kind of deal I could get on a new phaeton since it seems they have some very enticing deals for a car that is downright beautiful and expensive. Here is the deal I got, 2005 v8 phaeton 4 seater with the 7650 4 seater upgrade package, tech package, 270 watt stereo package, keyless access, and walnut wood. Total purchase price at first was around 80k, When I left the dealership I had a written agreement for $74,766 out the door. $5k down and 795 per month with 12 thousand miles per year. It seems like a good deal to me and I'm seriously considering it but I would like some expert advice since I'm not familiar with vw pricing at all. I'm also looking at the mb e500 or any similiar car with a 600-800 a month payment with 5k or less down on a lease but from what I understand I will not be able to touch a deal like this on any other high end auto in the same caliber as the phaeton which in my eyes is such a beautiful car not to mention I have only seen one in my area and it was a sweet w12. I await all of your wisdom. Have a nice day.
Quick Update: Since I have been reading the forum in hopes of getting the best deal possible in my purchase I have negotiated with the dealer to put down $900 on a 48 month lease with 12,000 miles a year. the payment is 883 a month with tax included. So car man, what do you think?
My state sales tax is 3%. Do I just add 3% to the monthly payment?
What additional fees may I expect (both those that are common, and those that are 'dealer profits').
I appreciate all your help!!
As far as the specific lease program for the truck that you are interested in goes, if you were to lease a 2005 Lexus RX 330 4WD without navigation or the rear entertainment system through Lexus Financial Services right now for 3 years with 12,000 miles per its base lease money factor and residual value should be around .00235 and 57%, respectively if qualify for LFS' top credit tier.
The salesperson who you spoke with was right in that Lexus is not currently providing any sort of specials on this truck. It is difficult to say why you were told that there would be better deals at the beginning of August. I have heard that Lexus will change its incentives on July 27th or so. Perhaps your salesperson is aware of or is anticipating an enhancement to this truck's incentives then.
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If you were to lease a 2005 Mercury Monterey Luxury through Ford Credit right now for 36 months with 12,000 miles per, the most common base lease rate and residual value that I have seen are 5.0% and 39%, respectively. Using these numbers, an MSRP of $33,295, and a selling price of $25,681, I come up with a zero down, pre-tax monthly payment of around $434.
Lastly, if you were to lease a 2005 Ford Explorer Sport Trac XLS 4WD (let me know the exact trim level if it is different than this) through Ford Credit right now for 36 months with 12,000 miles per year, its base lease rate and residual value should be 7.0% and 48%, respectively. Using these numbers, an MSRP of $34,280, and a selling price of $25,976 I come up with a zero down, pre-tax monthly payment of around $389.
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If you were to lease a 2005 Dodge Grand Caravan SXT through Chrysler Financial right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be around .00088 and 44%, respectively. Its 12,000 miles per year residual value is 2% higher than its 15,000 miles per residual.
As usual, Honda is not currently providing any sort of lease support on the Odyssey. That means if you were to lease one through American Honda Finance Corp. right now, you would have to use its standard lease money factors. I believe that its base standard money factor for 3 year leases is currently around .00235. AHFC's 3 year, 15,000 miles per residual value for the 2005 Odyssey LX is 58%, for the EX-L is 57%, and for the EX-L with the rear entertainment system is 55%. Its 12,000 miles per year residual value for this term is 2% higher than its 15,000 miles per residual.
Lastly, if you were to lease a 2005 Buick Teraza CXL through GMAC right now for 3 years with 15,000 miles per, its base lease rate and residual value should be 4.9% and 52%, respectively. GMAC's 12,000 miles per residual value for this term is 3% higher. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400.
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Can you tell me what you think of these numbers Leaseman?
2005 Hummer H2 MSRP is $61,510 and cap cost of $53,533. (GM Employee Discount Program)
3 year 12k/year miles LEV% is 59.
residual value is $36,290
APR is 6.45%
Tax is 9%
1,730.80 due at signing, including first months payment of 789.30.
2 year lease as above except $40, 596 residual and 1886.75 due at signing including first months payment of 870.25.
I do not know the 'money factor'. Perhaps it is related to the 6.45% gm APR?
The help is greatly appreciated. Two more questions for you.
1) When you say well below $400 how much below should I be looking and does that include tax?
2) Would you recommend my shopping the terms I want via email?
Thank you again,
Spudito
Excuse my ignorance, but how do CarMan get the numbers for a particular car (you know residuals, MF, etc). Do you have to be a member of a super secret organization???
Thanks...
Glad you're back on your feet. Would still love to get some Tribeca #'s from you, relevant info. below. BTW, saw someone on the Tribeca forum say they got a 7 pass w/DVD and NAV for 440 w/zero down. Anyway:
Full MSRP is 38,906 -- this includes the destination charge. Purchase price would be at 36,279. I'll be putting 2K down and am looking at 39 mo. This for a 7pass w/DVD and NAV w/leather, and a few options.
Muchas Gracias
-- Bob
One thing though, the Explorer I was asking about is not a Sport Trac but rather an Explorer XLT with the sport trim. Are the numbers you gave much different in this case?
Sorry for the confusion.
Could you please let me know if this is a good lease. (All Canadian Dollars).
Gross Capital Cost $28,756
Trade in value $5,500
Rebate $1,000
Residual $13,117
Money Factor 0.0012
Monthly payment $336.33 (36 month lease) (15% taxes)
24,000 km year
Down payment $336
edited to add: $34,390 MSRP, sell for $27,099 + freight, etc = $28,756
Thank you very much
we all know that lease monthly payment depends upon:
a)purchase price - set by a dealer;
b) residual value -set by a bank
c) money factor - set by a bank.
These days there are offers to buy "nearly new" cars with ~ 200 miles for the price
~ $26,000 vs "brand new" $30,000.
However, both parameters b) and c) are the same.
Total lease amount falls down to $6000 instead off 10000.
Here is my question: it is my understanding that from calc. prospective this scenario is very appealing for lease.
Does that mean that I can get MUCH better lease deal on "nearly new" vs "brand new"? What if a dealer's is willing to SELL the car to ME at $26000, but is looking for $30000 from the bank if I need to lease?
Thanks