Lease Questions - Ask Here

sage23 · July 2005

Carman, can you provide the money factor and residual for the Honda Odyssey EX. Looking at 12000 miles a years for 3 years. Location is Wisconsin. Thanks in advance!

CarMan@Edmunds · July 2005

Hi nancy12. Any dealership will "buy back" a leased vehicle to get you into a new one. The problem with trading in leased vehicles on a new car or truck is that it is usually fairly expensive to get out of leases well before their scheduled ends. 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.

You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. 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. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.

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CarMan@Edmunds · July 2005

Hello bmwshopper1. Vehicles' residual values are a percentage of their full MSRPs including destination charges and any options that can be residualized. I would be more than happy to give you an idea of what this truck's current lease program is like. However, in order for me to do so I need you to tell me how long you want to lease it for, how many miles per year you need to be able to drive it, and whether you want the 3.0 or the 4.4.

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CarMan@Edmunds · July 2005

Hey mbx4steve. According to the latest information that I have seen, if you were to lease a 2005 Volvo S60 2.5T 2WD through Volvo Finance right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00019 and 54%, respectively. The residual value for a lease with only 10,000 miles per year would be 1% higher.

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CarMan@Edmunds · July 2005

Hi colombianking. I am sorry to say that once you decide to finance or pay cash for a new vehicle and drive off in it, you really cannot convert your deal into a lease. Sure you may be able to find some bank out there that will do this for you, but your vehicle will no longer qualify for any special lease programs that is being offered on new vehicles by its manufacturer. Without being able to take advantage of these specials, leasing is often not a very good deal. You would probably be best off just continuing to finance your vehicle. If you have had your vehicle for long enough and your credit is improving, you may be able to refinance it at a more reasonable rate than the 14.5% that you are paying now. Shop around with a couple of local banks or credit unions to see what sort of rates they have for refinancing.

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CarMan@Edmunds · July 2005

You're very welcome, Beth. I am glad that everything worked out so well for you. Thank you for taking the time to stop back and let us all know how everything turned our. Enjoy your new ride.

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CarMan@Edmunds · July 2005

Greetings Jeff. The first thing that jumps out at my about this deal is the huge 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 Volvo XC90 would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all.

Also, in your post you stated that the dealer that you are working with is "basing lease on value of 37,995." Is this your vehicle's capitalized cost after the $5,000 down payment was deducted from it or is if the XC90's actual selling price. If this is the selling price, then you are getting a heck of a deal. If it is this truck's cap cost after the down payment is taken out, it's not that great. I can work up a sample lease payment on the vehicle that you are interested in for you assuming that this number is the selling price. According to my calculations, if you were to lease a 2005 Volvo XC90 AWD 2.5T with an MSRP of $43,579 and a selling price of $37,995 through Volvo Finance right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $448. With a $5,000 down payment, which I strongly advise against, the payment would drop to around $303.

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CarMan@Edmunds · July 2005

No problem davidw2. The dealer that you are working with is not being dishonest if the money factor that they are they are quoting you includes a waiver of your car's security deposit. The .00235 factor that I quoted you earlier assumes that you are going to pay a security deposit equivalent to your car's month;y payment rounded up to the nearest $25 or $50 increment.

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CarMan@Edmunds · July 2005

Here is the information that you are looking for rbevz67. If you were to lease a 2005 Nissan Altima 2.5 S through NMAC right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00172 and 54%, respectively. The numbers for an otherwise identical lease of a 2005 Altima 2.5 SL should be .00172 and 53%. Both of these models qualify for the $1,500 lease cash that is available on the '05 Altima.

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CarMan@Edmunds · July 2005

Hi will2702. The purchase price that you were quoted for this car looks about right to me. You can calculate GM's actual employee purchase price for this car by taking its dealer invoice price and subtracting dealer holdback (which I believe for Saab is around 2.2% of the vehicles base MSRPs) plus a $75 charge. Once you have that figure, deduct the $3,000 lease cash that Saab is currently providing on 2005 9-3 Sedans from it to arrive at this car's selling price.

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CarMan@Edmunds · July 2005

Hello sphere99. Unfortunately it is difficult to say what manufacturers' August lease programs will be like at this point. I can give you an idea of what this truck's current July lease program is like if you want though. Infiniti's lease program on the 2005 FX35 is decent right now, so I personally don't think that there is any advantage from a lease standpoint to waiting for the 2006 version.

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CarMan@Edmunds · July 2005

Thanks for the additional informaiton leaseshopper . Let's calculate 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 2006 BMW 325i with an MSRP of $32,665 and a selling price of $31,165 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $424.

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CarMan@Edmunds · July 2005

You're welcome, vist, and thanks (I think :P )

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CarMan@Edmunds · July 2005

No problem Liandyk. The lease money factor for a 3 year lease of an '05 Murano SL AWD is the same as it is for the '05 Murano S AWD, but the SL's residual value is 2% lower.

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CarMan@Edmunds · July 2005

Hi drmonky. 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.

Leasing is very attractive on vehicles that have lease support that is greater than the other types of incentives that are available on them. Honda is not currently providing any sort of lease support on the 2005 Odyssey. As a result, there is nothing special about leasing one right now. If you were to do so through American Honda FInance Corp. this month for say three years, you would have to use its base standard lease money factor of .00245. This is equivalent to an interest rate of around 5.88%, which is not bad but certainly nothing special. I would be more than happy to calculate a sample lease payment on the van that you are interested in for you using Honda's actual lease program for it. However, in order for me to do so, I need you to provide me with this vehicle's full MSRP (with the destination charge added in) and how long you want to lease it for.

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P.S. Sorry about the links to the articles, I just noticed that you have already read them. Please let me know if you have any more specific questions about leasing and I will be happy to answer them for you.

CarMan@Edmunds · July 2005

Greetings fennster. I am not familiar with the "safety test" that you mentioned in your post. Are you referring to your vheicle's lease-end inspection or perhaps the normal government required inspection that is required on vehicles? I suspect that the laws about vehicle inspection are different in Canada than they are here in the U.S. Many banks charge lease termination aka lease disposition fees of several hundred dollars. If you have to pay one, it should be mentioned in your lease contract. However, these fees are usually for vehicles that consumers turn-in, not ones that are purchased at lease-end. Many banks charge fees on leased vehicles that are purchased at the ends of their terms as well. Again, these fees should be outlined in your lease contract. If you don't like the dealership that you are speaking with about purchasing your leased vehicle and feel as though they are trying to mislead you, you can always work with a different dealership that sells the same brand of vehicles if you would like.

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CarMan@Edmunds · July 2005

Here you go mzinzi. According to the latest information that I have seen, if you were to lease a 2005 Mini Cooper S Hatchback through its captive finance company right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00270 and 61%, respectively. The numbers for an otherwise identical lease of a 2005 Mini Cooper S Convertible should be exactly the same.

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jpmiller99 · July 2005

I've thought about leasing before, but I still have a couple of questions before I decide that it's the way to go.

1.) Normal Wear: If I lease a car for 45K miles, shouldn't the tires be worn down and a brake job be needed? Would I need to put tires and brakes on the car just to turn it in?

2.) Money Factor: If I were to pre-pay the lease, and then "total" the car in an accident shortly thereafter, would I get my money back, or does gap insurance only cover the difference between what it's worth and what's owed?
I'm a cash customer usually, so I'd just as soon avoid the finance charge portion of a lease payment, as I do when I purchase a vehicle.

Even with repairs, it still seems cheaper to buy a car a drive it for 6 or 7 years, then dump it, than to lease it.

Thanks for your help.

andymartini · July 2005

Thanks Car Man! That is what I suspected, although do you think a dealer might buy out my lease or is it still the case of the perceived value you reference?

Unless someone buys it out, we will probably get a van (ugh!)/SUV to replace my wife's Volvo S40 sedan and then get by until my lease is closer to ending. I will probably stay away from buying the Audi for the reasons you mentioned above and a larger priority for us will be to get a new home (our current 2BDR bungalow just isn't going to cut it anymore) and we will want to keep our credit prisitne for this purpose first, and then worry about my car.

Thanks again!

Andy Martini

mcboston · July 2005

Thanks for the advice... I'll keep the $6000 paid for the trade...

Now I'm back to leasing questions.

I'll be leasing a -
* 2005 Volvo S60 - AWD with premium / climate / metallic paint
* MSRP - $36,660
* Purchase - $30,100
* No Trade / No Money down (to be sure I don't lose any money if the car is stolen
or totaled)

I'm looking to lease for 36 months / 15,000 miles per year...
with excellent credit (over 750)

Can you tell me -
* what (if any) doc / secruity fees to expect
* the amount of the monthly lease payment to expect (with 5% tax rolled in)
* will I be charged the full $1,505 for tax or will I only be taxed on the portion of the car equity that I've used
* buyout price to expect

echiu · July 2005

Hi Car Man,

Can you tell me what the money factor and residual are for a 2005 Chevy Tahoe for two scenarios?

12k per year for 2 years
12k per year for 3 years

thanks,

-Eric

perrysdad · July 2005

Car_Man, I re-read my earlier post and noted that I failed to mention that the MSRP's for the cars I described were each $35,540 including destination. Appreciate your help.

richard1933 · July 2005

Car Man,

I am considering entering into a lease with Toyota. I have made requests to three area dealers via Edmunds website for quotes and am waiting for their response.

Could you please provide your thoughts about what a fair monthly lease payment would be based on the information below and how one makes that calculation:

*2005 Corolla S
*4 speed automatic
*15,000 miles/year
*36 month lease
*No extra options as AC and AM/FM CD are standard.
*$500.00 down.

On Edmunds site it states the following for what I'm seeking in the car:
>MSRP $16,165.00
>Invoice $14,680.00
>TMV $15,239.00

Thanks for your assistance!

dave75 · July 2005

Car_man,

First, thanks for all the support you provide on these pages! I've read through the last couple of hundred posts to pick up info, along with all of the linked articles you've recommended to first time leasers, as well as linked articles and tools from those first links.

I feel I'm ready for my first questions about leasing.

1) Is there a good time of year for leasing? I'm ready for a new car, but I don't have to get it immediately if it's beneficial to wait a bit. I know it's best at end of each month, but what about July vs aug or sep/oct. How does the arrival of the 06 models effect lease attractiveness? And at that point, would it make more sense to lease an 05 or an 06?

2) If it helps, I'm looking for a 36 month lease for 12,000 miles on something like an Acura TL, Infinity G35, or maybe an Audi A4. Would it make more sense to wait for the 2006 models to arrive? And if I do that, would that make purchasing more attractive?

As you can tell, right now I'm trying to figure out when the best time to buy/lease is. I could go this weekend and get one at the end of the month, or I could wait and do it at the end of one of the upcoming months, if it makes more sense. After I figure the timing out, I'll work out actual MSRP, Cap Cost, MF, and Residual #s.

Thanks in advance for your help!
David

kpwk · July 2005

Hi Car_Man:

What is the AHFC residual value (%) and money factor for a new 2005 Honda Odyssey in Touring trim with Navigation and Rear Entertainment System? 4-year lease and 12k miles per year. The MSRP for this vehicle is $39,010 including destination charge. Does AHFC still have an acquisition fee of $550?

Many thanks.

bp714 · July 2005

Hi Car-man--

The Infiniti M35x MF you quote in this post is different than the July number you posted a couple of weeks ago (MF .00211). I am looking at a 39 month lease ,15k/yr.
Have the the rates changed mid-month or is this some kind of incentive.

My car is due in a few weeks and I want to make sure I get the very best rates available.

As always, thanks for your help.

mick0212 · July 2005

Hi, Car_Man:

I'm thinking about taking advantage of the Ford Family Plan and leasing a 2005 Explorer XLT 4x4 or 500 Limited. Can you tell me what the money factor would be for each, assuming 12,000 miles/yr and either 24 or 36 months?

Thanks much!

bmwshopper1 · July 2005

Hi Car_man,
Here is the info you requested...lease term 36 mos., 10K miles/yr, BMW 3.0, with Premium, Rear Climate, and Automatic Transmission. Can you provide residual value? As a current owner of a BMW, is it realistic to expect money factor or .0010? Thanks much.

njbmwgs · July 2005

Can someone confirm for me the numbers on this deal, for some reason when I run it through the edmunds calculator, it looks as though the dealer is tacking on an additional $40 a month...

2005 Envoy XL w/1SC package - NJ dealer

Smartbuy Lease

MSRP - 40065
Sale price - 33693
fees - 467
6% tax - 2022
rebate - $1000
APR - 4.9% (0.00204?)
Balloon Rt. (is this residual?) - 61% or $24439
Sale Subtotal - 32693
Amount Financed - 35,182
finance charge - $4392

total of payments - $39575
Deferred price - $40575
Unpaid Balance - $35182

Edmunds calculates a payment of $392/month
GMC dealer calculates a payment of $432/month

any idea what I'm not calculating for? Does this seem correct?

Thanks in advance!

CarMan@Edmunds · July 2005

Hi leaseshopper. Manufacturers charge all consumers the same destination charge for new vehicles regardless of their proximity to the plant that it was produced at. BMW has a special pricing structure for European Delivery deals. If you plan on taking European Delivery of your new car, make sure to mention this to the dealer that you are working with at the beginning of your negotiations. The $249 "Dealer fee" that you mentioned sounds like nothing more than a way for the dealer that you are working with to add additional profit to your deal. Most dealers charge some sort of doc fee on deals, perhaps that is what this charge is. Regardless of what the little fees that your dealer tries to tack onto your deal are called, make sure to not let them cloud the big picture - the total price of the car that you want. If you feel as though the total price that you are being charged for this car, including all fees, is comparable to or less than what you would be able to purchase it for elsewhere then go for it.

BMW Financial Services' base lease money factor for a 36 month lease of a 2006 325i is currently .00250. This factor assumes that you are paying a security deposit equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment and BMW FS' lease acquisition fee of $625. The dealer was right when they said that your credit score will not lower this money factor any, but if neither of the fees that I just mentioned are being waived then this dealer is marking-up BMW FS' base factor to add additional back-end profit to your deal.

I was not aware that BMW was implementing a price increase on the 3-Series in August. I suspect that it is not and that this is just a way for the dealer that told you this to create a sense of urgency for you to finalize your deal before the end of the month.

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CarMan@Edmunds · July 2005

I would be happy to work up a sample lease payment on this truck for you, pacer. I believe that its lease program varies depending upon the region of the country that one is in though. For now, I will calculate this lease payment using what I believe is the most widely available program. According to my calculations, if you were to lease a 2005 Chevrolet Equinox AWD with an MSRP of $29,690 and a selling price of $26,021 through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $387. An additional $500 dealer discount would lower this truck's payment to around $372. A $500 down payment on top of the additional discount ($1,000 off of the cap cost) would lower the payment to around $356.

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CarMan@Edmunds · July 2005

Let's calculate a sample lease payment on this car for you and see what we come up with, mcboston. According to my calculations, if you were to lease a 2005 Volvo S60 2.5T AWD with an MSRP of $36,660 and a selling price of $30,100 through Volvo Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $369. This is a very attractive payment for this car. I wonder if the dealer that you are working with is using the dealer cash that Volvo is currently providing on the '05 S60 to arrive at the attractive selling price that you were quoted. Unfortunately, this dealer cash cannot be used in conjunction with Volvo Finance's special lease program. Volvo is providing a $6,000 cash incentive on '05 S60 2.5T models leased through banks other than Volvo Finance though.

I strongly suggest that you have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease. 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 $6,000 down, or had made absolutely no down payment at all.

Different states use different methods for calculating sales tax on leased vehicles. If you let me know what state you are in, I can try to help you find out how it is calculated in your area.

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CarMan@Edmunds · July 2005

Hi steve777. Down payments on leased vehicles lower their capitalized costs (amount financed), but have no impact upon their residual values.

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CarMan@Edmunds · July 2005

Hi Holdenout4les. I like your user ID. Let's take a look at the lease programs for the trucks that you are interested in. If you were to lease a 2005 Infiniti FX35 RWD through Infiniti Financial Services right now for 39 months with 15,000 miles per, its base lease money factor and residual value should be .00153 and 58%, respectively. If you were to enter into an otherwise identical lease of a 2005 BMW X5 3.0, the base factor and residual value should be .00125 and 59%.

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CarMan@Edmunds · July 2005

Cyclone4evr, unfortunately the $1,000 dealer cash that is being provided on the 2005 Pilot is not available on units leased using AHFC's special lease program.

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CarMan@Edmunds · July 2005

Hello taitando. I don't believe that Audi is providing any sort of lease support on 2005 S4 models any longer. As a result, its lease program for this car is not very attractive. If you were to lease a 2005 Audi S4 Sedan through Audi Financial Services right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00255 and 47%, respectively. I have heard that Audi is providing $2,500 dealer cash on leftover 2005 S4 models right now. This money will help you to negotiate an attractive selling price.

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CarMan@Edmunds · July 2005

Greetings perrysdad. If you were to lease a 2005 Infiniti G35 Sedan 2WD through Infiniti Financial Services right now for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00140 and 58%, respectively. The numbers for an otherwise identical 48 month lease should be .00191 and 49%. Infiniti Financial Services requires its lessees to pay a security deposit equivalent to their vehicle's monthly payment rounded up to the nearest $25 or $50 increment and an acquisition fee of $550 (in most states) at lease signing. I would be happy estimate these cars' lease payments for you, however in order for me to do so I need you to provide me with their full MSRPs.

I would not be willing to pay absolutely a dime more to lease this car through an independent bank over leasing it through Infiniti Financial Services. I personally always try to lease vehicles through manufacturers captive finance companies if at all possible. It is in the best interest of banks that are affiliated with automakers to keep consumers happy so that they will continue to purchase their parent company's vehicles. Independent banks have very little vested interest in keeping customers happy.

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CarMan@Edmunds · July 2005

Hi fizzyhair. You should not have much trouble finding a dealer that is willing to cut you a check for your trade rather than using the proceeds from it as a capitalized cost reduction for your lease. You are being smart by having the dealer pay you for your trade rather than using the money as a down payment on your lease, because large down payments on leased vehicles are never a good idea.

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CarMan@Edmunds · July 2005

Thanks for the info on the BMW 3-Series price increase, bdr127. I had not heard about it yet. Now I know and as they say, knowing is half the battle, or er uh something like that.

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CarMan@Edmunds · July 2005

Will2702, Saab usually has different dealer cash allowances for vehicles that are paid for with cash and vehicles that are leased. Right now, its normal dealer cash allowance on 2005 9-3Sedans for cash deals is $2,000 and its dealer cash for vehicles leased through Saab Financial Services Corp. is $3,000. These two cash incentives are not compatible with each other.

Saab Financial Services Corp.'s 10,000 miles per year residual values are 1% higher than its 12,000 miles per year residuals.

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CarMan@Edmunds · July 2005

No problem christina271. The selling price for the RX 330 should be around the same, regardless of whether you pay cash for or lease it. Let's use the prices that you just mentioned to calculate a lease payment and see what we come up with. According to my calculations, if you were to lease a 2005 Lexus RX 330 4WD without navigation or the rear entertainment systems with an MSRP of $42,733 and a selling price of $39,000 through Lexus Financial Services right now for 3 years with 15,000 miles per, your zero down, pre-tax monthly payment should be around $578 for consumers who pay a security deposit and qualify for its top credit tier. The payment for an otherwise identical lease with only 12,000 miles per year should be $556.

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CarMan@Edmunds · July 2005

Yes, ajpbf7, the money factor that I mentioned earlier assumes that you are paying a security deposit. AHFC will waive its security deposit requirement in exchange for an increase of .00010 in vehicles' money factors. I believe that it will also waive its security deposit requirement on new leases for current AHFC lessees.

If you were to lease a 2005 BMW Z4 2.5 or 3.0 through BMW Financial Services right now for 36 months with 10,000 miles per year, their base lease money factor and residual value should be .00200 and 56%, respectively. When negotiating your lease on one of these cars, make sure to keep in mind the fact that BMW is currently providing $2,500 dealer cash on the 2.5 and $4,500 on the 3.0.

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CarMan@Edmunds · July 2005

Yes.

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CarMan@Edmunds · July 2005

Just kidding c21bryan. Yes, I have seen Audi's July lease program for the car that you are interested in 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 you to tell me 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

Hello flchemist2006. I would be more than happy to give you my opinion of this deal, 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

You're very welcome msdavis. I'm glad that everything worked out well with your Jetta lease. Let's take a look at the current lease program for the car that your son is interested in. If he was to lease a 2005 Volkswagen GTI 1.8T through VW Credit for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00057 and 51%, respectively. When he is negotiating he lease on this car, make sure that he keeps in mind that VW is currently providing $500 bonus cash on leases of it through VW Credit. This money will help him to negotiate an attractive capitalized cost.

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CarMan@Edmunds · July 2005

Sage23, Honda is not currently providing any sort of lease support on the 2005 Odyssey. As a result, if you were to lease one through its captive finance company, American Honda Finance Corp., at this time, you would have to use its standard lease money factors. The last time that I saw its base standard lease money factor it was .00245 for 36 month leases. AHFC's 36 month, 12,000 miles per year residual value for a lease of a 2005 Odyssey EX is currently 60%.

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javagirl1 · July 2005

Hi-
I'm looking to lease an Accord Coupe EX V6, but am having trouble with the numbers. I've heard on one hand that it's good to lease a 2005 because they're trying to get rid of them. On the other hand I've heard you can get a better lease rate on a 2006.
Also, the MSRP is 26,950 and the dealer said they would lease it at 23,741 for 36 months and 15,000 with no money down. The number didn't include tax and they quoted me $369/month, which doesn't sound right. What is the current money factor and residual for these? Is the residual figured on the selling price of the car?

Thanks for the help!
-Pulling my hair out

holdenout4les · July 2005

Car_man:

Thanks for the valuable info on rates; I'm a little confused, because previous posts (not from you) indicated a MF of .00100 on the X5. Would that rate vary depending on terms/length of lease (39/12K vs. 39/15K) or are they a function of the vehicle only? Also, are there any dealer incentives on either of these trucks?

evan2 · July 2005

Hi,

I'm considering the old Jetta GLI and the New Jetta 2.5 as a possible lease. I know VW is offering special rates on the Jetta 2.5 value edition but do these rates transfer over to the regular 2.5? Also, do you have MF and Res data on the Jetta GLI? Both leases are 12k/36.

Will the numbers be more attractive in august or should I move before july ends?

Thank you Car_man!

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