Lease Questions - Ask Here

ablgi · July 2005

thanks for the support...i am shopping around and have made some headway but i must admit i have never experienced several dealers telling me too bad and not calling back after my refusals. i guess the RX with navigation is pretty scarce...national lease dealers are having a hard time locating for me. great website you run!!!

apress12 · July 2005

can you give me an idea of the monthly payment using nissan's current lease promo. however i would not be putting anything down, and would be using 16000/per year . am a ny state resident. please also supply the residual and money factor for the above requirements. let me know if you need any further info.

chunglau · July 2005

I saw an ad in the local paper that looks attractive: 2006 Mercedes E350 for $469/mo, 39 mo. lease, 10K mi/year, and $4.5K due at lease inception. Is this a good deal? It is a stripped down model, since the MSRP is $50,825. Does anyone know what is the residual for this annual mileage, and how much more I should expect to pay if I want 12K miles/year? Thanks.

apress12 · July 2005

car man,

just some additional info on this request. am a returning leasor, so they willl waive sec. deposit. i will also be paying any tax and fees upfront. thanks for your help.

ksccts · July 2005

Carman,

2005 Chevy Tahoe 4x4 LS
MSRP $49190
Purchase price $38640
36 month lease
15K/yr

Thanks! You rock!

kurtamaxxguy · July 2005

Hi, Car_man. I drive around 15K miles or so per year. The overmileage charges most leases level for going over the limits has made them very unattractive to me.

How much, percentage wise, would a 15K mile lease cost over a 12K mile lease ?

grace2 · July 2005

Hi Car Man,
kyfdx suggested that i post over here and that you could help me. My original post is this grace2, "Honda Accord: Prices Paid & Buying Experience" #8921, 22 Jul 2005 10:59 pm

He said that if i give you this info, you would be able to tell me more.

2005 honda accord EX, no nav, cloth, 4 cly, 4 door i'm trying to get it for 20,500 on a 36 month lease, 12,000 miles a year in california. if i don't need to give them 1,500 down, i would like to give them less. I'm young but i have a totally clean driving record with insurance, really excellent credit and have had credit for 10 years with a very high FICO score. I'm sorry that i know so little about this, but have been to many car dealers and so far, I think they have really tried to screw me over with high prices and high leases, like $350 a month, for this car, so someone suggested that I try these forums.

I would like to be able to pay no more than $250 a month for a lease,(+ tax) know what the residual is, the total cost of the car, how much to write a check for (due at signing i guess is what that is) for before i drive the car off. All of the car salesmen have told me i need to buy Gap insurance,though my insurance company actually said they cover that, and none of them will give me the exact numbers of what i am getting, until i am ready to tell them a color and let them check my credit which annoys me as why should i say yes when i don't know exactly what i am saying yes to, and i think everytime i have my credit checked, it will lower my FICO score, so I only want it checked once. They all keep telling me that i am not really paying full taxes on the full price of the car, i am paying taxes on 1/2 the car. But don't i pay taxes on the total price AND the monthly payment?

If you can help me make sense of this, I would SO appreciate it. I wish I knew what all this meant, like cap costs and it's my first venture into leasing. Are my numbers feasible? Every car dealer that I have been to, and I have been to MANY, have all told me that they will match or beat my edmunds. com price.

Thank you SO much. grace

domer · July 2005

Ok, here is what he says

M35 Sport with Tech and Journey Package
50,090 MSRP
49,200 Offered price
.00245 Money Factor
60% residual
550 lease fee rolled in
39 months
700 per without tax

he says these are the numbers that ILS is giving...

kyfdx · July 2005

'05 Honda Accord EX 4 cyl. sedan. (cloth interior)

3yr/36K

money factor and residual..

thanks!!
kyfdx

cyclone4evr · July 2005

Hi Car_man...

Getting back to you on the lease for a Pilot EX. Looking for the money factor and residual on an EX, 36 months, for both 12K and 15K miles. Also, does adding the tow package to the vehicle change the residual? Finally, is Honda still pushing $1K back to the dealer with Pilot lease/sale, or was it pushed up to $1.8K?

Thanks again for the assistance.

grace2 · July 2005

I am wondering now, how much more could it be if I decided I wanted leather interior. And what exactly is PZEV and do I need to ask for that or not.

Thanks so much.

savvy2 · July 2005

I consider myself a fairly good car buyer but I have never leased before. Toyota in PA/NJ is offering a 36-month lease on a Sienna LE with Package #1 (AM) for $249/mo. with $2,269.00 down (excluding 6% tax, title, registration, etc.) based on 12,000 mi./year.

One dealer told me it would be $370/mo. (which includes tax, etc.) with no money down or $340/mo. with $1,000 down. Also, there are 35 payments, not 36. I wouldn't mind buying it but the monthly payments to buy are too expensive.

Is there anything I should be asking about in terms of numbers? Is this a good deal?

Also, another region has a 36-month lease (12k mi./yr) for $279/mo. and $1,500 total drive off. Doesn't say taxes are extra. Is this better?

Any help would be appreciated - would like to get a deal by the end of July!

Thanks.

andymartini · July 2005

My wife and I have one child (2 years old) and two sedans (a 2004 Audi A4 that I am leasing, and a 2003 Volvo S40 that we are buying). We recently found out we are going to have twins (December to January delivery window).

I know we can replace my wife's car, however, I want to know what (if anything) can we do about my lease. Obviously, we need a sedan/suv/wagon that can hold 3 baby seats. Can you provide any advice on dealing with an early lease termination (it was set as a 42 month lease), or am I basically stuck in the lease? Should we try to propose a deal involving both cars with one dealer for two new vehicles?

Thanks in advance!

Andy Martini

salontantra · July 2005

I have 15 months left on my Denali lease. With the Gas prices spiraling ($61 to fill yesterday) I would think GMAC would be more than happy to negotiate my purchasing the vehicle outright right now. I am refinancing my house and it makes sense to roll the lump sum into a mortgage and alleviate the current bloated lease payment. I don't drive many miles and enjoy the truck. When my Expedition lease ended 5 years ago they discounted the buyout 10k to get rid of it. I would assume the climate to be the same with current conditions. What approach is appropriate or should I just wait til it's over. I'm sure it will be easy then, I would like to bend them a little now. A little pay back over the original deal and the dealer not disclosing 0% purchase option fuels my actions. Does GMAC negotiate full early buy outs?

rspecter · July 2005

Hi,

First post here, and contemplating my first lease as well. I'm looking at a 2005 Acura TSX. Looking at a purchase price of $27,500 pobably with a 36 month lease term, 12k miles. Was wondering what the money factor and residual would be. Thanks for any help.

tiger93 · July 2005

The problem I've always had in the Mpls market is not enough competition for Lexus, MB, BMW, Infiniti, or any high end makes. Here's a post from another topic on the forum from a guy who bought a few weeks ago. He didn't get Sport, or Journey with it but it shows that some dealers are willing to come down:

I bought the M35 on May 31st (highly recommend, you get a better deal at the end of the month) from the Fleet Manager at Southern CA Metro Infiniti in Monrovia:

MSRP: 46,010
Invoice:42,022
Bought for:43,783
Cars Direct Quoted: 44,800

Are you willing to go out of state? I have to sell my A6 before I buy but when I do, it's probably going to be a car from one of the Chicago dealers. Check out http://www.carsdirect.com/home and also http://www.fleetrates.com/index.htm;jsessionid=3urfhgn85k2d9?bhcp=1

I can't personally vouch for either of these websites, but you can see some pricing that may be attractive. Or even better, get a quote from them and see if Lupient or Luther will match it. What I don't know is if the Money Factor on the M35 with the packages you want is different than the Car_man quote for a base M35. Car_man says the base MF is .0021 (that's 5.064%) versus your MF quote from Lupient of .00245 (that's 5.88%). There's a big difference in financing $50,000 at 5.064%than at 5.88%! That, combined with them only coming off the price $890 is what's generating that $700 payment. Let me know how you eventually make out.

CarMan@Edmunds · July 2005

Hi christina271. I do not believe that Lexus is providing any sort of lease support on the RX 330 right now. As a result, if you were to lease one through Lexus Financial Services at this time, you would have to use its standard lease money factors. The last time that I saw its base standard factor, it was .00235 for consumers who pay a security deposit and qualify for its top credit tier. The corresponding residual value for a 3 year, 15,000 miles per lease of a 20005 Lexus RX 330 4WD without navigation or the rear entertainment systems should be 55%. Its 12,000 miles per year residual value would be 2% higher. 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 RX 330 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

Hello tiger93. You are correct, this car's lease money factor would remain the same, regardless of how many miles per year you need to be able to drive it. The highest mileage allowance that Infiniti Financial Services leases vehicles with is 15,000 miles per year. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease end and have to pay an excess mileage penalty. Its excess mileage charge is $.15 per mile at lease end. At lease signing, the customer can purchase extra miles at $.10 per mile.

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CarMan@Edmunds · July 2005

You're welcome grossie. OK, if you were to lease a 2005 Infiniti G35 Sedan AWD through Infiniti Financial Services right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00113 and 59%, respectively.

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CarMan@Edmunds · July 2005

Thanks for the additional informaiton, davidw2. Let's calculate 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 Acura TL with Navigation with an MSRP of $35,670 and a selling price of $32,800 through American Honda Finance Corp. right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly lease payment should be around $463.

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CarMan@Edmunds · July 2005

Hi tazjoplin. The highest mileage allowance that most banks lease vehicles with is 15,000 miles per year. If you need to drive more than this you will either have to purchase additional miles at lease signing, making your lease payment very expensive, or wait until lease-end to address this situation. At lease-end you will either have to pay a penalty for any miles that you have driven over 15,000, or purchase your leased vehicle. Consumers who buy their leased vehicles at the ends of their deals do not have to pay any sort of penalties for excess mileage or excess wear and tear. I personally would purchase an inexpensive used vehicle or a less expensive new one and save my money until I could afford the vehicle that I wanted if I was in your situation. Leasing a vehicle that you know that you will exceed your mileage allowance on is somewhat dangerous because if you decide you do not like it or it is in an accident and you decide that you don't want to buy it you will owe a huge penalty at lease-end for your excess miles, but people do this sort of thing all the time.

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CarMan@Edmunds · July 2005

No problem ksccts.

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davidw2 · July 2005

Thanks Car Man. I've also been offered a 32 month lease for this car. Assuming all the same terms (i.e., MSRP of $35,670, selling price of $32,800, zero money down, etc.), can you tell me what the monthly payment should be for a 32-month lease? Thanks!!!

davidw2

CarMan@Edmunds · July 2005

You're welcome mbx4steve. Your friend was right, the residual values on 2005 models will continue to drop as the model year progresses. Eventually they will fall to the point that it will become to expensive for automakers to provide attractive lease payments on them. At that point, the special lease programs that are available on vehicles are often replaced with dealer cash.

The lease that you were quoted on the S60 that you are interested in is not through Volvo Finance. Volvo Finance's base lease money factor for this car is much lower than the one that you were told. I am not surprised that the deal that you were quoted was run through an independent banks. Volvo is providing special cash incentives on vehicles that are leased through banks other than Volvo Finance. Specifically, it has a $6,000 cash incentive on 2005 S60 2.5T models leased through independent banks this month. Make sure to take this cash into account when you are negotiating your deal.

Another thing that I noticed about your deal is the large down payment that you are making. 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 S60 would be exactly the same, regardless of whether you had put $2,850 down, or had made absolutely no down payment at all.

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CarMan@Edmunds · July 2005

Greetings weninfl. 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 rbevz67. I am pretty sure that I already responded to the identical post that you made earlier. Take a look and see if you can find my answer. If not, I would be happy to try to find it for you or to answer your questions again. Thanks.

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CarMan@Edmunds · July 2005

Hi Jim. No banks that I am aware of leased vehicles with the sort of short term that you are interested in, 3 to 6 months. The shortest leases that most banks offer are usually 12 to 24 months. Short leases are very expensive anyhow. This is because new vehicles experience their highest rate of depreciation during the first 12 months of ownership. The longer consumers lease for, the larger the number of payments they have to spread out this large initial depreciation hit out over. For a short lease like the one that you want, you would probably be best off trying to assume a deal that has only a few months left on it (try looking at sites like swapalease.com), purchasing an inexpensive used vehicle and then selling it after a few months (if done right you could do this at a very minimal cost), or seeing if any car rental agencies in your area offer discounts extended rentals.

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CarMan@Edmunds · July 2005

Hi domer. It's funny how the salesperson who e-mailed told you that they got their manager to lower the price of the car that you are interested in, but they never actually tell you what that price is. If I was in your situation, I would reply to this message asking exactly what the selling price of this car is. Knowing this number will enable you to see what sort of a deal you are getting and if you provide me with this number I can work up a lease payment on this car for you using Infiniti's actual lease program.

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CarMan@Edmunds · July 2005

Hi tcoop25. The reason why so cars with such different prices can have such similar lease payments is that Honda is not currently providing any sort of lease support on Hybrid models, but Nissan is running a special lease program on the Maxima. The monthly payment for a non-hybrid Civic would be much lower than the payment for the hybrid model that you are interested in.

I just worked up a sample lease payment on the Maxima that you are interested in using the prices that you provided in your post and came up with a monthly payment of $355. This payment is before tax, requires no down payment, but at lease signing you would have to pay a security deposit of $375 to $400 and Nissan Motor Acceptance Corp.'s lease acquisition fee of $550.

I cam up with a zero down, pre-tax monthly payment of around $354 for the Hybrid Civic that you described. Again, you would have to pay a security deposit and an acquisition fee on this car.

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CarMan@Edmunds · July 2005

You're very welcome pelequero. Yes, I mentioned a money factor of .00073, which is indeed equivalent to an interest rate of around 1.75%. This is a special deal being offered by Honda on the S2000 because it had not been selling as well as it wanted. Honda is essentially buying down this car's interest rate to provide more attractive lease payments on it and help dealers sell their remaining 2005 models. Special lease programs are a tool that automakers use to sell vehicles, just like special financing rates or cash incentives. This special lease program was introduced on the S2000 a few months ago and it is the first time that Honda has ever offered any sort of support on this car. It is a great time to lease one. It is difficult for me to say what sort of interest rate Honda is charging on balloon notes of this car because I do not keep tabs on banks' balloon note programs, but if you were to get a balloon note on an '05 S2000 through American Honda FInance Corp. this is a very good chance that your interest rate would be similar to the one that is being offered on leases of this car.

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CarMan@Edmunds · July 2005

Hi Nick. I would be more than happy to give you my opinion of the lease that you are considering, however 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.

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CarMan@Edmunds · July 2005

Hi rndewey. Many dealers, especially Saturn dealers, are notorious for encouraging consumers to perform more maintenance than necessary on their vehicles. On leased vehicles, I always advise consumers to just get their oil changed every 3,000 miles or so and have their tires rotated every other change. Oil changes are just basic maintenance and should be done. The tire rotation is to protect you from having to pay a penalty at the end of your lease for excessive tire wear. Furthermore, you do not have to use a Saturn dealer to perform this maintenance, though it would be a good idea to save the receipts for any work that you have done or do on your own if you choose not to. Any other work that you would have done on your VUE is not required and is just a waste of money since you are only leasing it.

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CarMan@Edmunds · July 2005

Hey viperz4. Let's work up a sample lease payment on the truck that you are considering and see what we come up with. According to my calculations, if you were to lease a base 2005 Acura MDX with an MSRP of $37,410 and a selling price of $34,900 through American Honda Finance Corp. right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $439. I am not sure how much sales tax amounts to in your area or if you are paying a security deposit or acquisition fee, but this payment is fairly close to the one that you were quoted.

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CarMan@Edmunds · July 2005

You're welcome bp714. I look forward to hearing how things turn out. Good luck and thanks.

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CarMan@Edmunds · July 2005

Greetings jfbk. GM's employee purchase pricing program provides attractive selling prices on vehicles right now. So the price that you are being charged for this car looks good. Let's work up a sample lease payment on it using GM's actual lease program and the prices that you were quoted and see what we come up with. According to my calculations, if you were to lease a 2005 Cadillac CTS with an MSRP of $39,100 and a selling price of $34,400 through GMAC right now for 4 years with 15,000 miles per, its zero down, pre-tax monthly payment should be around $459. With this deal, you would not have to pay a security deposit, but you would have to pay GMAC's lease acquisition fee of $595 (in most states). If you were to roll the acquisition fee into your car's capitalized cost, your payment would increase to around $472 before tax.

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CarMan@Edmunds · July 2005

No problem rbevz67. The 2005 Nissan Maxima SE and SL have the same residual values, but the SL model's money factors are much higher. NMAC's 36 month base factor for a lease of the SL is currently .00152 versus only .00065 for the SE model.

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CarMan@Edmunds · July 2005

You're right kyfdx, the RX-8's residual values are a little on the low side. The residual values for RX-8 models equipped with manual transmissions are a little higher (and the driving experience a little more fun

).

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CarMan@Edmunds · July 2005

Yes, kurtamaxxguy. All banks lease vehicles with 15,000 miles per year. The reason why most of the lease payments out there that manufacturers are advertising only allow 10,000 or 12,000 miles per year is that they want to make the monthly payments as attractive as possible. How many miles per year do you need to be able to drive?

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CarMan@Edmunds · July 2005

Hi carnaught. I am not sure of what sort of reduction in vehicles' lease money factors BMW Financial Services provides on pre-paid leases. I suspect that it is around .00125, but you should check with your dealer to find out for certain. If you can find the reduction out, or if anyone else out there knows and would be kind enough to share with us, I can give you my opinion of this deal.

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actiondan · July 2005

I am new to the leasing world and I want to lease a 2006 Subaru Forester X. I live in New Jersey.The dealership I went to gave me a price of $301.00 per month for 48 months (tax and MV fees not included). 2,594 is due at signing. The car lists for $23,738.00 and the cap cost is $21,526.63. The money factor on the sheet I was given is 0.00245. The lease end value is $10.682.10. I thought this monthly payment was high especially given the 48 month term and the amount due at signing. After reading you suggestions, I would be looking more for a 36 month lease instead of 48 months. I was just wondering want a fair price would be for this vehicle on a 36 month lease. Please help !!! Thank you.

paulnyc · July 2005

HOW MANY DAYS DO I HAVE TO CANCEL LEASE I JUST DID
SAT 7/23/05 CAR WAS IN SHOW ROOM WAS NOT ORDERED

CarMan@Edmunds · July 2005

Hi mjs212. This sort of letter from dealers is a fairly common scam. While I suppose that the word "scam" is a little strong I guarantee you that this dealer does not have a special need for your leased vehicle. Instead they are just trying to get you to buy a new vehicle from them. I actually received a very similar letter from a local dealer stating that they had a "special need" for a used SUV that I currently own on their lots and would be willing to give me a great deal on my trade if I would some in. My wife, who I consider to be very intelligent (and beautiful...just in case she is reading this

) almost fell for the exact same thing. I guarantee you that by far your least expensive option at this point would be to continue driving your current leased vehicle. It is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

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CarMan@Edmunds · July 2005

You're welcome ablgi. I am glad that you enjoy this discussion so much.

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CarMan@Edmunds · July 2005

Hi apress12. Nissan is currently advertising a lease on a 2005 Nissan Pathfinder SE 4WD for $339 per month for 39 months with $1,660 down. This is a 12,000 miles per year lease. If you were to lease this identical truck with 15,000 miles per year and without any sort of capitalized cost reduction, it would increase its monthly payment to around $385. To arrive at this lease payment, I used a lease money factor of 0.00121 and a residual value of 56%. The highest mileage allowance that Nissan Motor Acceptance Corp. publishes residual values for is 15,000 miles per year. If you need to drive this truck more than that, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

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CarMan@Edmunds · July 2005

Hi chunglau. Mercedes-Benz is running a very attractive lease program on the 2006 E350 Sedan right now. If you were to lease one through Mercedes-Benz Credit at this time for 39 months with 10,000 miles per year, its base lease money factor and residual value would be .00188 and 63%, respectively. The residual value for a lease with 12,000 miles per year would be 1% lower. I would be happy to give you an idea of what sort of impact a change in mileage would have on this car's monthly payment if you provide me with its selling price.

One thing that I don't like about the advertised lease that you saw for this car is the large down payment that it mentions. 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 the E-Class that you are considering would be exactly the same, regardless of whether you had put $4,000 down, or had made absolutely no down payment at all.

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CarMan@Edmunds · July 2005

Thanks ksccts. While you never specifically said it, I suspect that you would like me to calculate a lease payment on this truck for you. Let's play with some numbers and see what we come up with. According to my calculations, if you were to lease a 2005 Chevrolet Tahoe with an MSRP of $49,190 and a selling price of $38,640 through GMAC right now for 3 years with 15,000 miles per, your zero down, pre-tax monthly payment should be around $495.

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CarMan@Edmunds · July 2005

Hi kurtamaxxguy. Most banks' 15,000 miles per year residual values are 2% lower than their 12,000 miles per year residual values, though some banks only have a 1% difference. The exact impact that this difference will have upon a vehicle's monthly payment will depend upon how long it is being leased for and its price.

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carnaught · July 2005

In answer to your question, the money factor on a prepaid (BMW) lease is.00235 vs. .00305 with a non-prepaid lease without security deposit.

Thanks Car_man.

kyfdx · July 2005

Did the dealer give you those numbers?

Because the .00305 is marked up substantially.... Which makes me think the other number is, also..

nlproductions · July 2005

Car_Man:

I am located in Southern California and am considering leasing either a 2006 Mercedes SLK280 or a 2006 Mercedes SLK 350 and have a number of questions as follows:

First, roughly what are these cars selling for at present (in relation to invoice and/or msrp)?

Second, what are the residual values for these cars for 24 and 36 month leases?

Third, what are the current money factors for each of these cars for 24 and 36 month lease terms?

Fourth, do you see any advantage to leasing an SLK 350 rather than an SLK 280 that would justify the difference in the capitalized cost between the vehicles?

Finally, I am considering trading in my 2004 BMW 325i in connection with the lease. The BMW has an SMG transmission, the sport package, the premium package and heated seats. Could you provide an approximate trade in value on this vehicle?

Any assistance you can provide will be appreciated.

Thanks!

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