Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/25 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/25 for details.
Options
Lease Questions - Ask Here
This discussion has been closed.
Comments
Could you please lend me a hand with the lease numbers for the 2005 X5 3.0 (sport, premium, auto tran, upgraded audio, MSRP 50,770, sale price 47500)?
I plan to lease for either 36 or 39 months, putting 12K miles/yr.
Many thanks!!!
samosval
Hi, my name is Joe and I have some leasing questions. I am 21 years old and I am looking for a new lease because I am giving back my old one (a Volkswagen GTI). Unfortunately, I did not really know what was going on in my previous lease (my dad did all the talking) but I want to know better about what is going on for this lease. I have seen the leasing video on this site and I have seen the leasing tips as well. First of all, should I send emails to all the dealers asking for quotes? What info should I ask for, and what info should I give the dealer about my situation? Also, I am kinda stuck about what car fits in my price range. I am thinking about leasing for 24-36 months and hopefully spending around 400 dollars/month with no money or very little money down. Some cars that I have in mind are the Acura RSX Type S, Jeep Wrangler Sport or Rubicon, Subaru WRX. Do you have any suggestions? Sorry for the general information, but I hope to become more specific with the questions and answers you give me. Thanks Car Man! I enjoy reading your posts!
Hi, Car Man. We have used the lease calculator on Edmunds (and other websites)and have gotten numbers from the dealer and are unable to come up with consistent lease numbers. Here's our deal through VPP
M35X with Journey, Tech, mud flaps and full size spare
MSRP: 51,100
VPP Price: $46,577
Acquisition fee of 550 (which the dealer has indicated is taxable)
MD tax of 2,356.34
Registration fee of 210
Doc fee of 99
39 mos/15,000 per year
Total $ down: $5,000 (please calculate using this and using $4,000 as an alternative, even though I know that you don't recommend putting any money down)
Residual: $31,171 (using July rate)
No security deposit
Please let us know what the monthly payment should be under these 2 scenarios, as well as what the new MF and residual are for August.
Thanks for your help!!!!
thanks
djocks
I'd greatly appreciate money factor and residual numbers on 15K miles for both an 05 Quest SE and an 05 Frontier LE King Cab, and am particulalry interested in whether Nissan is offering the cash incentives available ($2500 for Quest, $1000 for Frontier) to those who lease. The incentives page seems to indicate that this may at least be the case on the Frontier, and I'm also curious as to whether Nissan's best lease deals on these two are for leases beyond 36 mos. (i.e., 39 or 42).
Thanks much in advance.
I decided to check out some other models. It looks like Toyota is starting a good lease program on thir 4Runners. Can you get me the money factor and the residual values of a 36 month lease for the SR5 4 Runner (v6 model)?
Thanks in advance!
Of course, I'm seeking some key inputs and I'm checking on residuals and MF for the following (I realize that August's numbers may just be coming out):
2005 and 2006 S60 2.5T AWD - 36 and 48 month lease in CT (12k/yr)
2005 and 2005 XC70 - 36 and 48 month lease in CT (12k/yr)
I realize July's promotion on the 05 S60s had some great deals but I'm helping my brother and unsure about availability on either the S60 or XC70s for the 2005 models, so I'm requesting both model years, if available, of course.
Thanks in advance. Regards, Adam
Suppose a dealer quotes a lease with a MF which is the highest allowed number for a given incentive being offered - say a few points above the base rate, but presents it as the base rate - the best rate availible. Can this be viewed analogously to lying about the actual MSRP or Invoice?
I guess the issue here is that MSRPs and Invoice are widely availble info but MF are not. I have no doubt dealers would lie about the MSRP and Invoice prices if they could, but the manufacturers don't let them get away with it by publishing that info, so why should they be allowed to lie about MF.
Thoughts? Comments? :shades:
Could you let me know what the August residual and MF are for an M35X, 15k/yr, both 36 and 39 months. Are there any special incentives this month?
Much obliged.
Terry.
Car_man
Host
Smart Shopper Forum
As far as the specific lease program for the car that you are interested in goes, if you were to lease a 2006 BMW 530xi through BMW Financial Services right now for 3 years with 10,000 miles per, its base lease money factor and residual value should be .00195 and 63%, respectively.
The most important things to remember when leasing are to negotiate an attractive selling price for the vehicle that you want and to make sure that the dealer that you are working with is not marking-up its lease program to add additional back-end profit to your deal. That pretty much sums it up, but let me know if you have any other questions.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
I would be more than happy to work up a sample lease program on the exact CR-V that you are interested in using Honda's actual lease program for you. However, in order for me to do so I need you to provide me with its full MSRP (with the destination charge added in). This number will enable me to approximate how much this truck should cost to lease and will give us an idea of what sort of discount you are being given.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Thanks
Thanks for the info. I am looking to lease a 2005 Acura TSX for 36 months and 15,000 miles per year. Can you give me the figures on that?
Also, what are some of the best lease deals out there right now on cars? Can you just throw some names out there for me?
Josh
Thanks,
Jeepman4
Are the residuals and mf's the same on X5 4.4i's?
Thanks
djocks
I'm sorry to get back to you about 2 wks after your reply on 7/21 (I was out of town). I wanted to say thank you for the great information once again, it will be very helpful to me when I talk to the dealers. I was amazed that the cost for the extra mileage was really so small (about $384 over a 24 mo term for 6K more miles vs $1,200 if you "bought" the miles after the lease ends and you go over -- even less, $360 over 36 mo for 9K more miles vs $1,800 at the end). It's no wonder that you always suggest buying enough miles up-front! Now I know why.
Keep up the great work and hope you're feeling 100%.
Best Regards,
Desgnconcpts
Thanks!
Now, what has caught my interest is that this seems ridiculously low when a fully loaded 3.0 runs MSRP around $44000 msrp. At this price I am tempted to upgrade to the 3.0. So, could you help me out by letting me know:
1-Is there a difference between a 2 and 3 year lease?
2-What is the MF on a 2.5 and a 3.0, and does it change between 2 and 3 year leasing?
3-What are the residuals on the2.5 and 3.0.
I'd like to get back to the dealer today to find out just what the particulars are, but it certainly would be helpful to have some of this information first.
Thanks.
Thanks
This is my first post on these forums although I have used them for research for quite some time now. I am looking to lease a 2005 Titan King Cab 4x4 w/ SE Popular, Off-Road, and Big Tow packages. MSRP= $31570 plus $650 acq. fee, $500 security, and taxes. I plan on rolling the acq. fee, sec. and taxes into my payments and don't want to put anything down. I was wondering what the money factor and residual value should be on a 3yr./36k lease in upstate NY? Also, what would my monthly payments be at?
Thanks,
Fin
I am grateful for your input. I have an additional question or two I was wondering if you could answer on leasing an RL.
Do you think there much chance I could lease a 2005 RL now (using the 599.00 a month, 2600.00 down, 12,000 miles per year, 36 month info) and find in October there's a much better deal available due to additional dealer incentives or subsidies to dealers? Like, for example, 599.00 a month and $1,100.00 down for 36 months? Cause aren't 2006s due to arrive in October thus forcing dealers to move out the 2005s?
I see where people in other forums say they have already leased 2005 RLs for WAY LESS than the 599.00 per month and 2600.00 down, 12,000 mile per year that was mentioned to me by a dealer sales person out west here. I mean a couple posts from people on the east coast indicate something like $50.00 to a hundred dollars a month less than what I was offered, 18,000 miles, with nothing at all down! That almost seems hard to believe but must be true. Is it possible Acura is offering dealers more than just the 2,500.00 back that you mentioned.
I don't see the $2,500.00 cash back to dealer listed under incentives at Edmunds.com when I click on that on the main page. Are we sure that Acura is actually doing this and would every dealer pass that along as a savings to a lease customer, even in a tough negotiation?
Finally, can you tell me if sales people at dealerships generally make more money when they sell an RL compared to leasing one? It seems they are always more interested in selling rather than leasing so I wonder if there is less profit margin for the salesperson on a 36 months lease?
Thanks for all the wonderful tips and advice you provide on all the different cars. Your knowledge and sources are amazing! Hope you might have time to address some of my additional questions on RL leasing. I think some others interested in leasing an RL may be interested as well.
Best wishes,
Butch (my not to much used nick name!)
Thanks! -Steve
I've been reading up on the forums for a couple of months now and I must say that Edmunds' forums are probably the most helpful tool available for people in the market for a new car.
That being said, I've got about two weeks left on my lease and I've pretty much decided on the G35 Coupe, automatic. (The dealers I've been speaking with don't know how little time I have left...) I've been quoted cap costs pretty close to invoice which seems to about as good as I can do in South Florida. Ideally, I'd like to come out of pocket no more than $1500 for inceptions and $450 per month after tax (in Broward 6% in Miami 7%) for 39 months and 12k miles per year.
The details on the car: 2005 G35 Coupe, Automatic, Premium Pkg (hard to find one w/out Premium), Performance Wheels, and wheel locks (added at the dealership). I'm down to $34,078 cap cost and I believe the MSRP is $36,750.
For this vehicle I was told the residual is 59% and the MF is 2.14. Payment was $437 + tax and $1771 out of pocket (which includes $550 bank fee, 1st pmt, tax, tag, title, $495 dealer fee). When I plugged these #s into my calculator I didn't get the same pmt. This MF seems high too...
Main questions for you:
Residuals and MFs for Auto G35 Coupe w/ Premium Pkg over 24 mos, 36 mos, and 39 mos at 12k miles per year?
Are the $495 upfront dealer fee and $550 bank fee negotiable?
Should I push harder to hit invoice and no more on the coupe?
We appreciate your help.
Mitch
As you know, I am looking to get into a new 05 Grand Cherokee Laredo 4x2 at the end of the month. With the rebates and incentives, this is a good time for me to look to lease out of my negative equity.
Here's the deal. About $6,500 negative in my Trailblazer. I can purchase a new 05 Cherokee for $20,200, and still be in under the MSRP of $27,050. Can you provide leasing info for a 36 and 42 month lease through Chrysler.
Thanks,
Racingjay
sam
My local BMW dealer just offered me a lease on a 2006 325i with the following terms:
- 36 months
- 12,000 miles per year / .20 per mile over the limit
- Money factor of .0027
- Residual of 63%
- "Bank fee" of $825
- Doc fee of $45
I was hoping you could answer a few questions for me:
1. Are the money factor and residual % consistent with BMWFS's August lease rates?
2. Is the "bank fee" to pay for gap insurance (the dealer claimed it was)? Is the amount negotiable or is it fixed at $850 by BMWFS?
3. Is the doc prep fee standard and, if so, is it a reasonable amount?
Thanks in advance for all of your help - you provide a great service!
Like a few posts back, I am also interested in August numbers for a manual transmission BMW Z4 2.5 (2005) as well as a manual transmission Audi A4 2.0 Quattro (2005.5). This is for leases in Utah and I would like to know the money factor and residual for 36 and 48 months at 10K miles (or 12K if Audi doesn’t do 10K leases) since I don’t put very many miles on my cars. I would also consider 39 and 42 month leases if the numbers were more attractive.
I am also curious about a special lease offer being advertised on the bmwusa website. It is monthly lease payments of $329.00 for 24 months based on MSRP of $36,270. (Total lease payments including acquisition fee is $7,896.00 -- 1,875.00 down payment, $900.00 acquisition fee and $329.00 security deposit.) I tried to recreate this lease using the $2500 incentive and the July numbers that you presented to another forum member but I was unable to match the payment.
Can you tell me if this offer is actually different/better(MF residual) than the standard lease program for the BMW Z4 because it should be possible to negotiate a better purchase price than what is advertised?
Thanks again for providing this information to all of us. Starting with a 1998 Audi A4 I haven’t gotten into a new car without using this forum and the information you provide. Thank you.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
If you were to lease a 2005 Volvo XC70 through Volvo FInance right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00345 and 47%. The numbers for an otherwise identical 48 month lease should be .00331 and 39%. Again instead of lease support on the '05 model, Volvo is providing $5,000 dealer cash. The numbers for otherwise identical 36 and 48 month leases of the '06 version of this wagon should be .00013 / 53% and .00058 / 45%.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum