Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Have you recently switched from a luxury sedan to a luxury SUV?
A reporter would like to talk to you; please reach out to [email protected] by 7/25 for more details.
Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

Lease Questions - Ask Here

1770771773775776780

Comments

  • mazdrvrmazdrvr US Posts: 112
    Sorry if I didn't ask my questions in the right place & sorry to bother; Got some help elsewhere.
  • Congratulations on your new arrival, noahsdad. It sure changes things doesn't it? Take it from a former coupe owner ;) . If your Porsche was repaired properly then you should not have to worry about being charged for any excess wear and tear by Porsche Credit. You will probably get hit with a charge for the dent in your bumper if it is large enough, which it sounds like it is. Whether it would be better for you to trade your car in or just pay the excess wear and tear penalty depends upon the difference between what your car would cost to purchase at this point and how much the dealer that you are working with is willing to give you for it.

    $1,000 under invoice is definitely a good deal on a 2006 Mercedes-Benz E350 Wagon. I would be happy to calculate a lease payment on this vehicle for you using Mercedes-Benz Credit's actual lease program for it, but in order for me to do so I need you to provide me with its actual selling price. Furthermore, Mercedes is scheduled to publish its new September lease program within the next day or two. I should have an idea of what the new program is like sometime next week. Please feel free to post a reminder, containing the selling price, for me then and I will work up a lease payment for you.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • You are very welcome. At $.15 per mile, it means that you would only receive a $750 discount on a car that already had 5,000 miles on it (most likely fairly hard miles). That's not enough of a discount for me, but I am sure that some would go for it.

    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 Passat that you are interested in for you if you let me know what its selling price is. Also, VW's August incentive program is scheduled to run through September 6th. If you do not plan on leasing this car before then, wait until later on next week and post a reminder for me. I should have an idea of what the new September program is like by then.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hi surfd90. The selling prices of leased vehicles are negotiable, just as if you were paying cash or financing. However, if the current market for the vehicle that you are interested in dictates that it sells for full MSRP then that is the price that you would have to pay to lease one right now. You may want to shop around to see if you can find a dealer that will sell you this truck for less than full price, but given the fact that this is such a new model I am not completely surprised that dealers are getting close to full MSRP for it right now.

    Let's calculate a sample lease payment using Land Rover Capital Group's actual lease program and the prices that you mentioned in your post and see what we come up with. According to my calculations, if you were to lease a 2005 Land Rover Range Rover Sport HSE with an MSRP of $63,400 and a capitalized cost of $64,095 through LRCG right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around a whopping $1,063 per month. If the payment that you mentioned does not include tax then the dealer may be marking up this truck's money factor a little bit. The bottom line is that given the market for this truck, I'm not sure that you are going to be able to get a better deal on it, but you might as well shop around because you can't do much worse.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Greetings maxwella. If you were to lease a 2005 Audi TT 225 Roadster through Audi Financial Services on or before September 6th for 48 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00115 and 43%, respectively.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hello thr61. The two places that you should focus your negotiations on are this car's selling price and the money factor that is being used to calculate your lease payment. Paying a security deposit and making sure that BMW Financial Services' buy rate of .00250 (this was the August lease program I have not seen the new September program yet) is used to calculate your payment will help lower it. You also may want to compare the selling price that you were quoted what others report paying for this car lately in the following discussion: "BMW 3-Series: Prices Paid & Buying Experience".

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hi Jason. Toyota is not currently providing any sort of lease support on the Prius. This is a relatively expensive car to lease. If I was in the market for one, I probably pay cash for or finance it. If you let me know how long you want to lease it for and how many miles per year you need to be able to drive the Prius that you are interested in, I should be able to give you an idea of what its lease program is like. You may want to wait until late next week to get back to me though. By then, I should have an idea of what Toyota's new September lease program is like for this car.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hello mazdrvr. If you want to purchase your vehicle at the end of your lease, deal directly with the bank that you are leasing it through rather than going to a dealer first. Dealers do not have the authority to lower your vehicle's purchase price. Not only that, but they will probably try to add some sort of profit to your purchase transaction for themselves. About a month or two before the scheduled end of your lease, place a call to the bank that you are leasing your vehicle through to see if they would be willing to negotiate its purchase price. If your initial contact there is not willing to work with you, try to work your way up the ladder to a manager. They often have more authority to work with lessees. In your discussions with them, give the impression that you are right at your vehicle's mileage limit. If you are way over they may want the excess mileage penalty that you will have to pay and if you are way under your car is more attractive for them to take back. There certainly is no guarantee that they will be willing to lower your vehicle's price. More often than not, banks won't. You have nothing to lose by trying though. Even if they will not lower your vehicle's price, you should still let them handle the details of purchasing your vehicle not a dealer.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • You're welcome 108flat. Toyota is not scheduled to publish its new September lease program until September 7th. Please post a reminder for me late next week and I will be more than happy to give you an idea of what this truck's new lease program is like.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • Hi bra. BMW was scheduled to publish a new September lease program yesterday. I have not had an opportunity to take a look at this new program yet, but should be able to within the next couple of days. Please post a reminder for me either here or in the new Lease Questions discussion that are being created over in the Prices Paid forum in a few days and I will let you know what I was able to find out about this truck's new September lease program and I can use it to calculate a lease payment on it for you.

    Car_man
    Host
    Smart Shopper / Prices Paid Forums
  • According to my dealer, Sept numbers did not change for 06 BMW models (05s might have changed).
  • thr61thr61 Posts: 19
    I am negotiating a 325i this month and there was a $600 msrp increase on the base: it is now $30,900.

    This is also reflected on the BMW web site.
  • i put down $4000.
    pay off is $28800.
    trade in value is $25400
  • I signed the papers on a 2005 Accord LX last night in Indiana. Haven't picked up the car yet but I know that doesn't matter.

    Everything on the papers looked good and matched what we had negotiated. Since I had my 7month old daugher strapped to my chest and my wife chasing the other two around the showroom didn't get to read everything over (first mistake).

    So last night I'm reading the fine print and there is a box on the Honda FS Lease Agreement called "Estimated Fees and Taxes During Lease Term". The verbage is" I agree to pay when due or reimburse Lessor for all title/license/registration/official fees and taxes over the term of my Lease, whether paid at lease signing, included in my monthly payment or assessed otherwise". The estimated number they have is $1500.

    It is my understanding that in Indiana I only pay sales tax on the monthly which over the term is $588. I also know I pay the title and reg fees plus Indiana Excess Tax each year. The exice tax will be 250+217+189 or 217+189+163 depending on what age the BMV gives the car (I think they base it on model release or something).

    So I guess between the excise tax and sales tax I'm at 1245. Any ideas what else they could be including? Now that I due the math on the known fees I don't feel to bad, was just worried about getting a bill for $1500 next month. Will ask the dealer when I go to pick up, but thought I'd ask here too.

    Thanks!
  • Yes, should have clarified - lease numbers (residuals, MF) did not change.
  • Hi Carman,

    I am looking this month to lease a BMW Z4 Roadster. Can you please tell me what the Money Factor and Residual Value is for September. They say they have a "deal" i.e., 24 months at $350.00 per month with $4K down total. Any suggestions would be greatly appreciated.

    :confuse:
  • you're right, the negative equity is $3,874.65 (close to $4000) and it will be rolled over to the new lease program per dealer. Th MSRP of the ML350 that i'm looking at is $45,155.00( with appearance and sunroof package), the dealer is offering it to me for $43,148.00. Please tell me if this is a fair deal:

    as above
    $2500 total cash out
    39month lease, 12000 miles/yr
    $780.03 per month (inc tax)
    (the$3,874.65 roll over included in this deal)

    thanks
  • i'm currently negotiating a deal with on an '06 ML350.
    I'm trading in my '05 C240 (leased thru MB)
    Dealer quoted the C240 payoff is $28,874, the negative equity is $3,874.65 (which will roll over to the new lease)
    '06 ML350 (appearnce & sunroof package) MSRP $45,155
    Dealer offer is $43,148
    --with a 39month lease, 12000 miles/yr, $2,500 cash out of pocket and rolling the negative equity ($3,874.65), the monthly payment is $723.93 ($780.03 with tax based on 7.75% tax rate)
    Dealer said these numbers are based on tier one credit(whatever that means) :confuse:

    Please tell me if this is a good/fair deal.

    Thanks
  • legarlegar Posts: 71
    Hey Car_man,

    What would be good residual and money factor values for a good lease deal?

    For example, I was looking at a 2006 Audi A3 for 3 years/36K, it had a residual of 51% and a .002897 money factor and thought those were good values for leasing. But I also heard that those were bad numbers.
    please help
  • kyfdxkyfdx Everywhere, USAPosts: 123,000
    You have nothing to worry about.. you seem to have a good handle on it..

    Basically, the legal mumbo-jumbo is telling you that you have the same obligations, as though you actually owned the car (instead of Honda Finance). That whatever taxes or fees are due by the owner of the car, will fall on you, and not the bank..

    I'm not sure why they picked $1500... maybe that is the standard verbiage...

    regards,
    kyfdx

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Carman,
    Please give me an idea on a 36 month lease 15k miles for a loaded 2005 XC90 V8. The sticker is approx $54k and the selling price is $44500. I was given a price of $600 a month for 36 months incl tax (7%) with approx $1k down..Is this a good deal? Thanks
  • tsbtsb Posts: 8
    Car_man,

    Could you please provide the money factor and residual for a 2005 CRV EX model for a 36 month lease with 12,000 miles/year? I am located in New Jersey. Thank you.
  • Dear Car Guy,

    Counld not close a deal on the phaeton last month. Fom What I understand the new lease program comes out on Sept 6. I have been slammed with calls trying to get me to lease this car for my dad on the 2nd and 3rd of sept. I have been told that the incentives are better, but no one wants to disclose what they are. I noticed that there is 7500 dealer cash on non vw financed purhases or leases. Could you tell me if there is any lease cash and if the rate and residual are the same. 36 month 45,000 miles rate= .00011 and residual is 53%. Thanks for all off the help you really help people get the most for thier money.
  • Hello Carman,
    I'm in the market for a VW Phaeton, which I need for a weekly commute of approx. 800 miles. Since I have access to other cars, I can assume using the Phaeton for only about half the year (probably the winter months, considering 4-wheel drive). I've never leased before, and normally finance for 60 months and keep cars much longer, as long as 15 yrs, because I treat them exceptionally well and maintain them scrupulously.

    For a 2005 Phaeton with coldweather/comfort package and keyless access I have the following offer: selling price 68.5k zero down and:
    1) lease 48months, 20kmiles/year, monthly payment 969. or
    2) lease 36months, 20kmiles/year, monthly payment 1064. or
    3) buy, finance 66 months at 2.9% monthly payment 1185.
    I am leaning toward buyng because the monthly payment is close, and could be even closer by putting a few thousand down, and I would not have to worry about mileage plus possible excess wear and tear at lease end. However, I worry that if the car proves unreliable (complex electronics, air suspension, etc.) and expensive to maintain, I would likely be upside down with an almost unsaleable relatively high mileage trade.

    I would very much appreciate your advice re lease vs. buy and also whether these lease terms are reasonably good.
    Many thanks
    Motorista
  • Hi Car_man - yes still would love to know the #'s once you have the September 530xi numbers.
  • Dear Car_man,
    i'm from Southern California.
    i'm currently negotiating a deal with on an '06 ML350.
    I'm trading in my '05 C240 (leased thru MB)
    Dealer quoted the C240 payoff is $28,874, the negative equity is $3,874.65 (which will roll over to the new lease)
    '06 ML350 (appearnce & sunroof package) MSRP $45,155
    Dealer offer is $43,148
    -->with a 39month lease, 12000 miles/yr, $2,500 cash out of pocket and rolling the negative equity ($3,874.65), the monthly payment is $723.93 ($780.03 with tax based on 7.75% tax rate)
    Dealer said these numbers are based on tier one credit(whatever that means) :confuse:

    Please tell me if this is a good/fair deal.

    Thanks
  • Dear Car_man,

    I am interested in leasing a 2006 Lexus RX 400h with heated seats from a local NJ dealer. The dealer is charging $1700.00 above invoice. The lease that fits me the best is 36 months and 15K/year.

    I want just pay fees plus the first month's payment. I would like the 6% sale tax in the lease payments.

    The dealer claims that Lexus has the best program. The residual, as of August, is 62% and the money factor is not discounted currently (I don't know what it is).

    I would like to spend close to $600/month.

    Please let me know what the present dealer offer is per month and how we can get to $600.

    Thanks
  • kg6ckg6c Posts: 18
    Could the host plese help me with my dilemma. I was able to negotiate $7000 of sticker for a V6 T-Reg and $10,000 for a V8 T-Reg. The problem I am having is that I do not want to finance this. So can someone please tell me how I can can translate these savings into a good lease. The dealer is saying that he cannot make the price less than invoice, for lease purposes. Please can someone give advice on this. It will be a huge help.

    Thanks
    K
  • Hi Car man. I have been searching for a lease deal and found your informative forum. I am in process of negotiating with Infiniti dealer but confused as it seems the calculation result of car lease calculator is actually less than what's quoted from the dealer.

    My deals are
    A. G35 Coupe 6mt+premium pkg, MSRP $36,700, selling price $34,100 (invoice+$500), 36 month term, 15k miles/yr, $1,500 drive off, $488/month including 8.25% tax.
    B. The same as above but navi included, MSRP $38,700, selling price $34,900 (My calculation - I was told its $500 below invoice), 42 month, 15k, $1,500 drive off, $482/m incl tax.

    Q1. Lease calculator returns $465/m payment if I put $550 bank fee. What am I missing?
    Q2. What do you think of above deal? Deal B attracts me but is it really below invoice?

    Thanks!!!
  • crg4crg4 Posts: 8
    I've already posted this under another discussion specific to Ford but the thread has seen no replies. Would love a qualified opinion on the following:

    Having a devil of a time calculating a reliable lease quote on a 2005 Escape XLS (FWD, 4 cyl). There are 3 things that are fouling me up:

    1) How do I figure in the current $2000 cash back promo currently being offered by Ford (do I just deduct from the negotiated price)?
    2) What would constitute a reliable money factor and residual value for this SUV?
    3) According to TMV in my area (11209), other buyers are already paying below invoice (close to $600) before even factoring in the $2000. Any thoughts as to why so low?

    Using a -

    Negotiated price incl. destination = $18,685
    residual = .55
    interest rate = 4% (or .0016 money factor)

    I came up with a bottom line monthly payment of $259.97 (taxes not included) for 36 mo. lease w/ no money down.

    Any input would be greatly appreciated. Thanks in advance!
This discussion has been closed.