Lease Questions - Ask Here

CarMan@Edmunds · July 2005

Hello babygirl0025. 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.

The $2,000 customer cash that Ford is providing on the 2005 Mercury Mariner is compatible with leases through Ford Credit and should be taken into account in your truck's capitalized cost. I would be more than happy to work up a sample lease payment on the vehicle that you are interested in for you, however in order for me to do so, I need you to provide me with its full MSRP (including destination). As far as extended warranties go, I personally usually advise consumers not to lease vehicles for longer than their manufacturer warranties. If you want to lease a vehicle that only comes with a 3 year / 36,000 mile warranty, like the Mariner, you probably should lease it for 36 months rather than for 48 and then have to mess with an extended warranty if you like the peace of mind that warranties provide.

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CarMan@Edmunds · July 2005

Here is the information that you are looking for, scott21. If you were to lease a 2005 Jeep Grand Cherokee Laredo 2WD through Chrysler Financial right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00185 and 50%, respectively.

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CarMan@Edmunds · July 2005

Wow, thanks for the warm reception kywon. Let's take a look at the current lease programs for the vehicles that you are interested in. If you were to lease a 2005 Acura TL with navigation 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 .00235 and 56%, respectively. The money factor for an otherwise identical lease with only 12,000 miles per year would be the same, but the residual value would be 2% higher. Acura is not providing any cash incentives on this model at this time.

If you were to lease a 2005 Subaru Legacy 2.5 GT Sedan through its captive finance company right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00100 and 44%, respectively. The money factor for an otherwise identical lease with only 12,000 miles per year would be the same, but the residual value would be 1% higher. I believe that Subaru has a total of $1,000 in cash incentives on leases of this car in July (this is a combination of customer and dealer cash).

Some other vehicles in your price range that have pretty good lease programs available on them in July include the Lexus ES 330, Lexus IS 300, Mercedes-Benz C230 Sport Sedan, Saab 9-5, and Volkswagen Passat.

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CarMan@Edmunds · July 2005

Thanks panda71. 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 Infiniti G35 that you are interested in for you if you let me know what its selling price is.

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CarMan@Edmunds · July 2005

Hi jnabb. 25,000 miles per year is a lot of miles to put on a leased vehicle. The highest mileage allowance that Toyota Financial Services leases new vehicles with is 15,000 miles per year. You should be able to purchase additional miles through TFS on a per-mile basis if you need to drive more than that, but I can tell you now that a 25,000 miles per year lease of a 2005 Toyota 4Runner is going to be very expensive. If you provide me with a detailed description of the exact truck that you are interested in leasing, along with its full MSRP, and an approximate selling price, I would be happy to try to give you an idea of what sort of monthly lease payment you should expect to pay for a 15,000 miles per year lease.

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CarMan@Edmunds · July 2005

Greetings marys236. According to the latest information that I have seen, if you were to lease a 2005 Mercury Mariner Premier 2WD through Ford Credit right now for 3 years with 15,000 miles per, its base lease rate and residual value should be 6.25% and 46%, respectively. As you can see, Ford Credit publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. Using the above numbers, and MSRP of $30,050, and a selling price of $26,500, I come up with a zero down, pre-tax monthly payment of around $458 for this truck.

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CarMan@Edmunds · July 2005

Here you go daneec. Honda is not currently providing any sort of lease support on the 2005 CR-V. So, if you were to lease one through American Honda Finance Corp. right now you would have to use its standard lease money factors. Its base standard factor for 39 month leases is currently .00245. This truck's exact residual value will depend upon what trim level you want, i.e. an LX 2WD, a SE 4WD, etc. If you let me know exactly what truck you want, I will tell you what its current residual value is.

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kurtamaxxguy · July 2005

Are there __any__ lease plans in the USA that assume a driver will drive more than 12K miles per year?

I live in California where it's commonplace to drive 120+ miles a day (my average's around 65 per day).

djocks · July 2005

Any numbers on the avg residuals and mf's on x5 3.0's right now.
Thanks
djocks

viperz4 · July 2005

I negotiated the price on Acura MDX to $34,900. Everytime I use Edmond's lease payment calculator I end up with a lease payment of around $440. I have quotes from three dealers who came pretty close to $465-$470. Can you please tell me if I am missing something or should I further negotiate with the dealers (although none in my area are willing to go below any further).

Thanks!!

ksccts · July 2005

Thanks in advance!

2005 BMW X5 4.4
MSRP 61500
Capital cost 59500
36 month lease with 15K/yr
Monthly payment?
:confuse:

spigot66 · July 2005

Car Man

Can you provide the July MF and residual for a 2005.5 A4 2.0T Quattro for a 36 month lease with 15,000 miles per year?

Also, are there numbers published for the identical 2006 car yet?

Thanks

bluhway · July 2005

I hadn't seen a reply since posting on the 9th, so I thought I'd ask again (I know you've been busy and have been away. I need help determining the right time to buy a car out of its lease or to let the lease expire (and take a huge mileage hit). I have a 2003 Audi A6 Avant, fully loaded (except no 17" wheels). Edmunds trade-in calculates ~$25K, private party ~$26K, delear retail $~29K. The mileage is just under 50K. I have a lease through Audi, 31 months in and 17 months to go. The monthly is $518.74, the payoff is ~$27K. The contract residual is ~$21K. At the current mileage rate, it would have 77,500 miles at the end of the lease, resulting in a penalty of $5,625 at 15 cents a mile (+ 350 turn-in fee) if I turn in the car. The negotiated value was $42,033 at lease signing. At signing, $5,500 was paid, meaning at the end of the lease the total pay-out will be ~$36K for a car I won't own (down payment + monthlies + penalties). So, allowing this lease to go full-term seems like a bad idea. What makes matters worse is that the warranty is up at 50K, so extending the warranty to 100K adds another $2000. I'm wondering if now is the time to get out of this car before 50K miles by trading it in to the dealer for a new Audi, or keep going on the lease and suck it up at the end and do better on the next deal, or buy/sell the car before the lease expires, with a negotiated deal through Audi or a low-interest credit union loan. Do I have any leverage with Audi Financial to buy the lease at a negotiated price? I hate to even ask this question but I'd like to know--was this a bad lease (aside from the mileage hit, which was unforeseeable due to changed circumstances)? Any help would be appreciated.

italia233 · July 2005

Hey car man, I posted this a couple of pages back but you might have missed it.

Hey car man, thanx for the quick reply. I believe in my first post I quoted what the dealer told me when i went and negotiated but maybe you didn't see it so here you go. The msrp is around 80k with the option packages that I asked for. I got them down to 75k out the door. The deal they came up with is $900 down and $883 a month for a 48 month lease with 12k miles a year. This will all be with tier 1 credit. If you need any more info from me, just let me know. Thanks again. I'm planning on picking up the car on friday if you confirm it is a good deal, if not, I will just go do some more negotiating with the newfound knowledge that you will provide. Have a nice night.

th9599 · July 2005

my fiance and i went to lease a 2004 durango for 39 months at 619. the dealer role his truck payments into the deal so it is as if we are paying for both cars @619. Well we are no longer together and his car has broken down! I cannot afford the truck for 619 by myself and the insurance and the gas! I really don't want to get behind on the payments but I am in a bad financial situation right now. I need some serious advice asap!
Thank you

steine13 · July 2005

"Do I have any leverage with Audi Financial to buy the lease at a negotiated price?"

No. In fact, you can try to negotiate the buyout price, but it might be better not to tell them how many miles you've got... if they know you have this $5k mileage penalty hanging over you, they might be less inclined to deal.
But my guess is they'll know, through their maintenance log.
Drat that free Audi maintenance for 4 years :-)

BTW, 15 cents a mile is cheap for a car of that caliber. There is no "free" way to put that kind of miles on a $40 car, so I think you're doing alright. The fact that the residual is too high is working for you (through lower payments), so don't make it work against you by buying the car at the end. True, you won't have to pay the mileage penalty, buy you'll buy that much less car.

I would not want to own an A6 with nearly 80k unless I could steal it... $15k or so. But over $20? Not of my money.

"So, allowing this lease to go full-term"...
... seems like the thing to do to me. One thing you could do is get a beater 01 Taurus for $4 and mile THAT up... but if you liked those, we wouldn't be having this conversation.

Good luck,
-Mathias

grossie · July 2005

Car man-

Any idea of money factors on this car? Does Infiniti finance these leases themselves, and if so are there any specials now?

Thanks

deejay2099 · July 2005

Car_man,
You have been very good to help me numerous times in the past with rates, terms, and various other lease info. However this time I come to you with a very broad question. I am looking to lease a vehicle for no money down, 12K mile/year, 36-39 month term, for $180-$200/month. The vehicle needs to be well regarded and large enough for a family of four.
What can you recommend that fits this criteria? As always your advice is much appreciated.

sandyl · July 2005

I know that nissan altima's were going for 199/month . not sure if that is still good. The chevy cobolt had a deal for 159, with 1450 due at signing (which could be rolled in). I would check what they are offering for the chevy malibu, with employee pricing.

The low end honda accords might also have good pricing. also the mazda's. Toyota sentra, but the camry is much more.

sandy (who priced many leases out a few months ago)

alasondro · July 2005

Since the new discount Saab is running, I wanted to find out the residual values and money factors for 36 month/12,000 miles yr on a 2005 Saab 9-2x aero. I am from NY, and will be doing a balloon not a lease. Thank you in advance

Chris

rbevz67 · July 2005

Hi Carman and everyone,

Could you please provide the residual values for the 2005 Altima SE and SE-R along with those for the Maxima SE and SL assuming 3Yr/15,000miles? Also, are you aware of any incentives that can be applied to someone who chooses to lease one of these?

Thanks!

PS: Any1 know if the 2006 Maxima will have a redesigned interior?

ern16 · July 2005

Hi Car Man. I posted this a couple of pages ago, thought maybe you missed it. Thanks for all of your help.

Can you help me out with some numbers on a 2005.5 Audi A4 2.0 CVT lease. MSRP on the car is $34695. I would like to lease for 36 months with either 12k or 15k mi/year. First, now that the 2006's are coming in soon, are there any dealer incentives to sell the 2005.5's. Basically, how much below MSRP can I expect to get for the sell price? Is $3k off msrp reasonable? Also, what would the MF and the estimated monthly payments on the car? Thanks for all of your help. I'm in California, so tax is 8.25%.

tinker1121 · July 2005

Seems like Car Man has helped lots of people out. I am a real beginner so need all the advice, detailed explanations etc. that I can get on what to watch out for on a lease.
Going to the Nissan dealer tonight for our first brand new car and test drive a Pathfinder. Need to lease to keep the payments down and will buy the car when the 39 month lease up.
Need help on both how to negotiate the price of the car (read to do it from invoice up and see there is a $2000 difference in invoice and MSRP.)
We will be trading in a 1994 Grand Cherokee and as I said will more than likely buy the car as we put under 8000 miles a year on a car and need lower payments for now as 3 years of payments left on another Grand Cherokee we have financed.

Any and all advice ASAP to help this run smoothly is appreciated!!!!

hsp · July 2005

Hi Carman,

Would you let me know what is lease deal for MINI Cooper (not S)?
I am looking for 36 and 48 months with 12k miles per year.

Thanks,

sage23 · July 2005

Hi carman, I'm looking to lease a 2005 Toyota Sequoia SR5 4X4 in Wisconsin. I'd like to put nothing down other than 1st payment & title on a 3 yr lease 12K miles a year. Do you happen to have Toyota's money factor and residual on this vehicle?

buster6 · July 2005

Hi Car Man,

I was hoping you could help me break down the current Infiniti lease on the FX45-- the advertised lease is: 2005 FX45 w/Premium & Technology Packages - 39 Months - $539/Month - $4,039 Initial Payment

Excludes taxes, title and license. $4,039 initial payment required at consummation. (Includes $3,500 consumer down payment, $539 first month payment, $0 security deposit.)

It looks as if there is some room left to negotiate in the price, which is good since I am somewhat upside down in my trade. Could you give me the $ factor and residual on this lease--also I am going to need 15k miles

Thanks again!!!

buster6 · July 2005

Car Man,

Could you also please post the #'s on a 2 and 3 year 15k per year lease on an M45 & M35 with navigation (tech package) and Journey package (non sport).

Thank you

CarMan@Edmunds · July 2005

Hi viperz4. From a lease program standpoint, the money factor that you were quoted is pretty close to American Honda Finance Corp.'s base money factor for this truck, .00180 versus an actual factor of .00178. This is a good sign. 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 truck 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 Acura MDX that you are interested in for you if you let me know what its selling price is.

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CarMan@Edmunds · July 2005

I am sorry to hear about your unpleasant shopping experience, ablgi. Even though Lexus is not providing any sort of lease support on the RX 330, the money factor that you were quoted is still too high. I have a feeling that you should be able to beat the selling price that you were quoted by shopping around as well. For more feedback on how much you should pay for this truck, make sure to stop by the following discussion: "Lexus RX 330: Prices Paid & Buying Experience".

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CarMan@Edmunds · July 2005

Hi mbx4steve. It is very difficult to tell what automakers will do with their future incentives and lease programs in a month or two, let alone all the way in January. A few months ago, no one would have imagined that all of the traditional domestic automakers would open up their employee purchase programs to everyone, but they did it. Volvo's lease program on the car that you are interested in, the 2005 S60 2.5T, is very attractive right now. I suspect that Volvo will provide quote a bit of support on the 2006 version of this car in January, but it is difficult to say whether its lease program then will be as good as the one that is available right now.

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CarMan@Edmunds · July 2005

Hello castlerock. As long as you have not physically taken delivery of your new vehicle, which you have not, you should be able to get out of this deal without too much trouble. How easy it is for you to get your $500 back is a completely different story though. If this money was supposedly fully refundable, then you are in better shape than if it was not' Even then though I have seen many many cases of dealers dragging their feet on refunding consumers' money. Make sure to be polite, yet persistent and firm in your efforts to get your deposit back.

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CarMan@Edmunds · July 2005

You're very welcome italia233. Sorry about that if you already mentioned both the MSRP and selling price of this car. I must have missed it in your first post. Let's calculate a sample lease payment on this car using these prices and see what we come up with. According to my calculations, if you were to lease a 2005 Volkswagen Phaeton V8 with an MSRP of $80,000 and a selling price of $75,000 through VW Credit right now for 48 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $831. Depending upon how much tax amounts to in your area, your quote may be fairly close to this.

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CarMan@Edmunds · July 2005

Hello pelequero. I would be more than happy to give you an idea of what this car's lease program is currently like, but I don't keep tabs on balloon note programs so I can't help you out with the current details of that sort of deal for this car. If you were to lease a 2005 Honda S2000 through American Honda Finance Corp. right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00073 and 59%, respectively. You definitely do not want to lease this car for more than 36 months. This is the longest that its special lease progam is available for. If you lease it for 39 months, its money factor more than triples.

I am not sure if banks refund down payments made on vehicles that consumers have balloon notes on, but since balloon notes today are structured to similarly to leases I suspect that they do not. Again I am not 100% certain though.

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eds1300 · July 2005

I want to lease either a 06 325i(36X12,000), 2005.5 Audi 2.0T(24X12,000), or 05 C-230K(39/12,000) in San Francisco/Bay area.

I will be using the vehicle around 40% for business and 60% for personal.

I've been offered initial bid of $34,810 for a 06 325i with MSRP of $36,520, with acquisition fee of $825, License/Registration of $300.00, Doc fee of $45.00, residual of 63%, with money factor of .0029 and initial cash of 1510.

I was quoted monthly rent of 170.06 with monthly deprecitation of 350.76, a total monthly payment of 520.82 and with tax(44.27) 565.09.

What portion of lease payment and fees will I be able to deduct as business expense?
ex. 40%(business use) X 565.09?

Will I be able to deduct the acquisition fee and doc fees?

Can I tie all the fees and taxes into a monthly payment?

I appreciate any feedback.

CarMan@Edmunds · July 2005

Hi catheryn2. Mercedes-Benz is not currently providing any sort of lease support on the 2006 CLK 350 Convertible. As a result, if you were to lease one through Mercedes-Benz Credit right now, you would have to use its standard lease program. The last time that I saw it, MBC's base standard lease money factor for a 36 month lease for consumers who qualify for its top credit tier was around .00335. The current 36 month, 12,000 miles per year residual value for this car is 67%. Mercedes-Benz allows the use of its 36 month lease terms for 39 month leases as well. Using the above numbers, an MSRP of $54,475, and a selling price of $55,695 (which is pretty high), I estimate that this car should have a 39 month, 12k, zero down, pre-tax monthly payment of around $802. I am not sure of the exact reduction in money factor that MBC provides on pre-paid leases. You need to check with your dealer to find out for certain.

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viperz4 · July 2005

Hi Carman,
Sorry, the negotiated selling price they agreed to is $34900. I think in Iowa I will need to pay all the tax upfront or factor it into the lease price. Do you think this is correct?

will2702 · July 2005

Hey Car Man,
My area is having an employee discount on all Mazdas but the dealers won't give me a quote over the phone. They said that this offer is only available in Las Vegas. Therefore, i wanted to know if you can come up with some numbers on that just so i have an idea on what to expect. This is for 2005 RX-8. Can you also include any lease incentives for this month and the RV and MF for a 2yr/12K or whatever is the best deal??? Thanks for the help

CarMan@Edmunds · July 2005

No problem leto. I am not surprised that the salesperson who you spoke with is not willing to tell you your vehicle's money factor and residual value. Having said this, you don't have to lease unless you know these numbers. Shop around, I am sure that you will be able to find a dealer that is willing to share this informaiton with you to make a deal happen.

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CarMan@Edmunds · July 2005

You're welcome ibs. Yes, the lease programs that I mentioned earlier are available on all LE and Limited models, regardless of how they are equipped.

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CarMan@Edmunds · July 2005

Greetings davidw2. 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@Edmunds · July 2005

Hi ern16. I do not believe that Audi is currently providing any sort of dealer cash on the 2005.5 A4 2.0. It does have $1,000 owner loyalty cash on this model in July though. I am not personally all that familiar with what the market is like for this car right now. For feedback on how much you should pay for it, you should stop by the following discussion: "Audi A4: Prices Paid & Buying Experience". I can tell you that Audi Financial Services' current base lease money factor and residual value for a 3 year, 15,000 miles per lease of a 2005.5 Audi A4 2.0T Sedan without quattro should be .00135 and 55%, respectively. This car's 12,000 miles per year residual value would be 2% higher. Let me know what sort of selling price you expect to pay for this car and I would be more than happy to work up a sample lease payment on it for you.

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CarMan@Edmunds · July 2005

Hi jmax1. 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@Edmunds · July 2005

Hello maben. 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. You may be able to get an idea of how much others are paying for Infiniti M35s right now by stopping by the following discussion: "Infiniti M35/M45: Prices Paid & Buying Experience". You also can look up this car's dealer invoice price and True Market Value (Edmunds.com's estimate of what others are paying for it) by visiting the New Vehicle Pricing section of this site.

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CarMan@Edmunds · July 2005

You're welcome rblnr.

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CarMan@Edmunds · July 2005

No problem bp714. If you were to lease a 2006 Infiniti M35X through Infiniti Financial Services right now for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00211 and 61%, respectively. As you can see, the July program for this car is fairly similar to the June program. The only difference is that its residual value dropped a point this month, which generally tends to happen as the model year progresses. If you can still use the June program, it is to your advantage to do so. It is difficult to say what Infiniti's August lease program for this car will be like, but I suspect that it will be fairly similar to the July program.

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CarMan@Edmunds · July 2005

Thanks desgnconcpts. There has been a large number of posts in this discussion lately. I'm plugging away at them. It is true that the manufacturers that introduced Employee Purchase Program pricing did cut back on their lease support on a number of models this month. If you were to lease a 2005 Buick Rendezvous through General Motors Acceptance Corp. this month for 2 years with 15,000 miles per, its base lease rate and residual value should be 4.4% and 66%, respectively. The numbers for an otherwise identical 3 year lease should be 4.4% and 57%. If you were to lease your Rendezvous with only 12,000 miles per year, its 2 year residual value would be 1% higher and its 3 year residual value would be 3% higher.

If you were to lease a 2005 Saab 9-7X Arc through Saab Financial Services Corp. right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00244 and 67%. The numbers for an otherwise identical 3 year lease should be .00244 and 56%. This truck's 12,000 miles per year residual values would be 1% higher for both terms.

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CarMan@Edmunds · July 2005

Hi kurtamaxxguy. All banks will lease vehicles to consumers with more than 12,000 miles per year. In fact, most banks published residual values are based upon 15,000 miles per year. Automakers just advertise leases with only 12,000 and 10,000 miles per year so that they can make their payments look more attractive. How many miles per year do you need to be able to drive?

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CarMan@Edmunds · July 2005

Hello djocks. I have seen the BMW X5's lease program for the month of July and would be more than happy to give you an idea of what it is like. However, in order for me to do so I need to 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@Edmunds · July 2005

Hi viperz4. Like most lease calculators that one finds on the Internet, I suspect that the calculator that is available here at Edmunds.com is not using your vehicle's manufacturer's actual lease program, but instead some sort of industry averages for the interest rate and residual value that are being used to calculate the payment that you are being given. I would be more than happy to work up a sample lease payment on the MDX that you are considering using Acura's actual lease program for it, however in order for me to do so I need you to tell me its full MSRP (including destination charges), 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@Edmunds · July 2005

You're welcome in advance, ksccts. Thank you for providing such detailed information in your post. 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 BMW X5 4.4 with an MSRP of $61,500 and a selling price of $59,500 through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $741.

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