Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to learn more!
Options
Lease Questions - Ask Here
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
but to feel a little confident. I leased a C230 Mercedes Benz 2005, the residual was terriable and so was the money factor, my credit score was average, so I just worked on getting to MSRP low.
MSRP $34, 360.00
Selling Price $29, 558.47
Monthly Payments $500.00
Down Payment $500.00 (also my first months payment)
3 year lease
15k miles
I'm not sure if this was the best deal ever but I'm happy because the sales man looked frustrated....it felt good to inflect a little pain.
Thanks a million this site is wonderful....your the best "Car Man"
regards
Petal1
Thanks Car_Man.
I just signed on for a lease on
Infiniti M35 (base) + Journey + Tech + Mats + Splash Guard
MSRP 47800
Capitalized Cost: 44800
MF: 0.00204
36 months / 12,000 (63% residual)
Down: $550 Bank fee, $200 registration / tags + 1st payment
Payment: $551 before tax ($585 including NJ tax).
any thoughts?
also, the dealer told me IFS is running a program whereby You can give IFS $5400 for the 3-year term of the lease, dropping your payments to $531, and they refund $1944 on top of the $5400 as intereste at the end of the lease term. What do you think?
24 mo/15k mi – 65% Residual Value – Money Factor .00120 Base Rate
36 mo/15k mi – 58% Residual Value – Money Factor .00120 Base Rate
48 mo/15k mi – 44% Residual Value – Money Factor .00240 Base Rate
60 mo/15k mi – 37% Residual Value – Money Factor .00240 Base Rate
Do you have any inkling whether BMW will be enhancing its lease program on the 5-series? I'm in market for a 525i.
Thanks,
Ken
I'm now looking at these three, can you give me an idea of what I should expect to pay and the current deals?
2005 Subaru Outback Sport SE
2005 Saab 9-2x Linear (if I could find one)
2005 Honda CRV 4WD EX
Thanks for your help!
I cut and pasted this from an Infiniti dealer in PA.
"Sorry it took a bit to get back to you - busy morning. Anyway, the current money factor for 39 months for the M45 Sport is .00209 = 5.016%. For every security deposit put down (maximum of 9 allowed), deduct .0001 = 0.24%."
I'm trying to run numbers for a lease negotiation and the dealer says I can put up to 9 sec. deposits down, each of which would result in the MF decreasing by .24% ~ it would help to have that figure huh? Dealer is closed.
Thanks
Please advise me as to whether or not this is a good lease-deal. :confuse:
2006 E350 w/ Appearance, Premium, Trunk Closer, Wood/Leather Steering wheel.
MSRP w/ destination: $59,505
I was able to secure the following:
1 time lease payment, ALL inclusive (tax + 1st. year license) of $15,500 (out the door)
It is a 27 Month lease with 7,500 miles a year (I am going to buy more mileage up front).
The deal is I sign a check for $15,500 and drive the car for 27 months and bring it back with less than 7,500 miles a year and pay a a$500 lease-disposal fee.
Is this a good deal?
This is my first lease, and I spent the entire day trying to negotiate the price based of a similar deal I heard of at a local dealer for $13k out the door; 27 month lease, 7.5K a year miles on a car that had an MSRP of $54,975.
I appreciate any advice or guidance , as this is my first lease, and I am quite new the entire car-buying/leasing experience.
FYI, this is in California.
24 and 30 months, 15K/year.
1) GMC Yukon XL SLT
2) GMC Sierra 1500 4x4 SLT Extended Cab
3) Jeep Grand Cherokee 4X4 V8 Limited.
Presuming '05 models because of the employee discount, but may consider an '06 if they are added to the employee discount programs. Just want the lowest payment, whichever model year it is.
Also, do you know the per mile charge for GMAC and Chrysler Financial to purchase additional miles up front?
Thanks in advance.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
"Buying the car" may be a good idea... depending on the details.
You lease contract specifies two things: the price you can buy the car for at lease end, and the amount of money you have to pay per mile over the limit. These mileage charges used to be 10 cents for smalll cars, but it's more likely to be 15 cents for your Civic... since nobody pays attention to them when they get the car, it's free money for the finance company...
Anyway, if present trends continue, you'll be at 58k, which is 22,000 over, which is going to be $3,300 out of your pocket to turn the car in. You don't say what kind of Civic, but if we assume a buyout price of $10, just to have a round number, then you can look at it as follows:
You'll need $3,300 in hand to give up the car... this is cash money, nobody loans you money to pay overmileage....anyway, this money is gone no matter what...
And an additional $6,700 to buy the car. That's cheap money for a 3-year-old Civic.
So if the car is nice, and if it hasn't had a $10k accident repair, you'll probably be better off buying it from the leasing company. If you leased through AHFC (Honda's own), then it's unlikely they'll negoatiate the buyout price.... if you want to try,use the "advanced search" feature and read what people -- esp.l Terry (rroyce10) -- have written about how to do this. Rule #1 don't tell them you're way over the miles.
"What are my options in order to avoid the huge fees that I anticipate?"
You cannot avoid paying for the miles that you have used.... it's a problem only money can fix.
To come back to "selling the car"... having paid the $10k to get the Civic, there is a chance that you might sell it to a private person for close to that.. maybe $9, maybe even the full $10.... but it depends on the details... Terry can help you with the value over in RWTIV... Civics bring "stupid" money; I normally wouldn't buy one for wholesale they're so overpriced... but the devil's in the details there... a nice, clean Civic is usually an easy sale for quite a bit of money...
I might add that when I was in school full time, as recently as a decade ago, I drove 10-year-old domestics... and a good touring bicycle...
Good luck,
-Mathias
You won't receive an early termination charge for returning your car the during the last month of your lease, you will still have to make your final lease payment though.
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
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Here's one to hit up:
Infiniti M35 (base) + Journey + Tech + Mats + Splash Guard
MSRP 47800
Capitalized Cost: 44800
36 months / 12,000
Down: $550 Bank fee, $200 registration / tags + 1st payment
What payments do you come up with? Thanks in advance.
As far as Lexus goes, it is providing a decent level of lease support on most models this month. If you let me know what Lexus vehicle you are interested in, I can give you an idea of what its lease program is like.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
As far as how much you should pay at lease signing goes, at signing consumers usually have to pay their vehicle's first month's payment, a security deposit that is equivalent to that payment rounded up to the nearest $25 or $50 increment, the acquisition fee charged by the bank that they are leasing through (AHFC charges $595), any capitalized cost reduction that they choose to make (ideally this would be $0), and any required state taxes or fees.
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
I am going to lease a 2005 Nissan 350Z Grand Touring Roadster. The MSRP is at $41,000. The lease term is 36 months. Mileage allocated per year is 15,000. Monthly payment is $595.00. Close end lease. $5,000 downpayment at the time of signing. My questions are as follow :
1. Since September is just around the corner, should I lease a 2006 instead of 2005? Should there be a different in the monthly payment since 2005 model is already a year old? Is there any major changes in 2006 model?
2. What is the lease amount I should go by? MSRP, Retail or Invoice. Would the dealer give me the invoice amount?
3. Is there any rebates, dealer incentives or others that you know of for 350Z Roadster?
4. What is the purpose of the $5,000 downpayment? Is it to pay down the cost of the Z, so the monthly lease payment would be smaller?
Thanks for your advice.
Baserunner
Car_man
Host
Smart Shopper Forum
Would you provide me with the Resid. & MF for 05 Accord EX V6, Leather @ 36 & 39 months with 15K per year miles. Thanks.
Also, 05 G35 sedan, premium & Sport package, auto for 36 & 39 month with 15k per year. Dealer told me 39 month would be 57% and .00171. Are these correct. Also dealer has 100% tax credits available. Do you know how long tax credits typically last?
Thanks.
I would be happy to give you an idea of what sort of monthly payment to expect on a lease of this car, but in order for me to do so I need you to provide me with an approximate selling price for it. 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.
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
Please advise.
Baserunner
Car_man
Host
Smart Shopper Forum
Subscribe to this discussion... then check back later.... tonight... or tomorrow morning... Once you subscribe, you can click on Read Subscriptions and it will pull up any new posts...
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum
Car_man
Host
Smart Shopper Forum