I am about to check out IS300 for lease what kind of number should i expect for leasing it. 12,000 mile or 15,000, what would be the different in payment in 36 or 39 month lease
i am looking at two models one with nav, one without
-with navigation msrp 37,095 my price 34,355 -without nav msrp 33794 my price 31,502
Jeep is giving $2500 lease customer cash and $500 to active duty or veteran military toward a lease of Jeep Grand Cherokee. This is my problem, I have a car I hate and I am $6000 in negative equity. Could I use the $3000 lease cash toward the negative equity. if anyone knows please respond. Also I wasn't planning on using any my money for a down payment.
Hi Carman, According to the procedure for estimating lease payment posted on the Edmunds site, the sale tax is calculated on the full payment (including interest, and registration) each month. Is this correct? If this is so and I indent to buy the car at the end of a lease term, I would end up paying more for tax than if just I purchased the car where I pay sale tax only on the cost of the car. Thanks...
Hi, I was told by a dealer in San Diego that the money factor for a X5 lease before end of the year is 0.0023 with a 61% residual. I saw someone mentioning money factor of 0.0019 for 330i and 530i. Does anyone know of that kind of deal for X5? Thanks
i have a friend who leased a 1998 4runner limited in 1999, it was used. He put 4000 down, paying $430/per month for 60 months with only 12,000 miles/per year. Yes i know, he got screwed pretty bad. Now he has bad habit of driving excess miles, he is already at 60,000 miles. Now he wants to get out of the lease, so how would the process work, what is the best way of not losing money? Does he pay the "end of the lease purchase price" + "lease payoff"? does that make sense, or what does he have to pay to right now to own that car?
Can you please help me with the following Money Factors and Residual Values for a BMW X5 3.0 lease:
X5 3.0: What is money factor and residual value for 36 month lease with 12,000 miles per year? 39 month lease with 12,000 miles per year? 42 month lease with 12,000 miles per year?
Your friend must pay the following: Lease payoff (which is the sum of the remaining payments plus residual) minus what the vehicle is currently worth wholesale. And that will be pretty slim, considering the milesage in the time frame. My 1996 Dodge Ram has 72,000 miles in 5-1/2 years time (6 model years by automotive industry standards). Close to the same mileage on the 4Runner with 2 fewer years.
Regardless, this will be a very expensive proposition for your friend to unload the 4Runner. The $4000 down is history, and he can probably say goodbye to his security deposit too. With no information about the truck or the contract, I'm guessing it will probably be worth $13K wholesale (I'm assuming there were 10K miles before the 60 he put on), and that won't even put a dent in what he owes. That doesn't even cover the remaining payments, let alone the residual.
Not a pretty sight. Your friend is going to have to eat some major dollars to get out now.
Since you were so helpful with my lease questions for the Audi A4, I am wondering if you would be so kind to furnish the current money factor/ residual value/ incentives for the 2002 Jeep Grand Cherokee (36 month lease term) for my dad. He will be leasing the vehicle in Pennsylvania.
He wants an 18K/ yr mileage allowance--does this affect the available money factor (I'm sure it drives down the residual value)? Oh, his previous vehicle was a leased Grand Cherokee, so I don't know if that affects the available incentives in any way.
Since no one else has answered your question, I will, as I asked a similar one a couple of weeks ago.
The handling of sales tax on a lease varies from state to state. You need to check with your state or county to see how they do it OR do a web search on something like "auto lease sales tax" and you can find the information for your state on some of the hits you'll receive.
As for the Edmunds lease payments estimator treatment of taxes, it is just an approximation and probably won't be right for your state.
Hi everyone. I just wanted to drop you all a quick note to let you know that I am back from visiting relatives for the Holidays. I apologize for the delay in responding to your posts. As a side note, I would like to add that the incentives and lease programs for every single manufacturer that sells light vehicles in the United States is scheduled to expire either at the end of December or during the first week of January. As a result, my responses to many of your specific incentives and leasing questions will not be valid by the time many of you actually purchase or lease your new car or truck. So, I think that it would be best for those of you who are definitely interested in finalizing your deals in the next couple of days to let me know and I will respond to your questions immediately. Any of you who are getting a new vehicle soon, but not during the next week or so would probably be better off waiting until late next week to ask any specific incentives or leasing related questions in this discussion. Thanks and Happy Holidays!
About a week ago you gave me the residual % and money factor for leasing a 2002 Nissan Sentra GXE for 3 yr/45,000 miles. The money factor you gave me was .00264 which I believe was through NMAC. Today I went to the leasecompare.com web site and it listed a money factor of .00227 for the same term/mileage. This money factor would make my payments about $10/month cheaper which, on a tight budget, makes a difference. I was just wondering why there might be a difference between your number and theirs. Would other lenders actually offer lower money factors than NMAC? I'm going to try to negotiate a lease deal this weekend so I'm a little up in the air as to what m.f. I should be using.
Hi again, kbehnke. I don't know why the Web site that you visited quoted you a lower lease money factor on the 2002 Nissan Sentra than the one that I posted for you. I just double checked the lease money factor for this car and the number that I provided you with is right on the money. It is possible I suppose that another bank out there besides Nissan Motor Acceptance Corp. has a better lease available on this car right now. By the way, I have a feeling that you might be interested in the fact that Nissan recently announced that it will provide $500 Holiday Bonus Cash on many models, including the Sentra (not the SE-R though) through January 2nd. This cash may be used to reduce the capitalized cost of leased vehicles any may make getting this car prior to the end of the year worth your while.
Superman5, different banks have different rules regarding the purchase of leased vehicles. In order to find out the exact dollar amount that it will cost you to buy your leased car or truck at any given point in time, you will need to contact the bank that you are leasing it through.
Hi Bryan. Although they are not quite as good as the money factors that are currently available on the 330, BMW Financial Services does currently have some fairly attractive lease rates on the 325. If you were to lease a 2002 325i through BMW FS for 3 years with 15,000 miles per prior to the end of the year, the base lease money factor and residual value should be .00210 and 60%, respectively. The 42 month money factor should be exactly the same, but the residual value would fall to 53%. BMW Financial Services' lease acquisition fee is $525. By the way, I have it on fairly good authority that BMW FS is actually going to raise the lease money factors on the 3-Series slightly for the months of January and February, so if you are interested in getting this car now is probably the best time to do so. I guess that one could say that Mercedes-Benz is providing a little bit of lease support on certain C-Class models, but the lease money factors on this car are no where near as attractive as the ones that BMW is providing on the 3-Series right now.
Hi, Car_man, I'm new here and I have some questions that may have been asked numerous times :-) I'd appreciate your insight on this: If I were to end my lease early and buy the vehicle now, is the buyout price still negociable or is it fixed according to the residual value when I started the lease? If I get a loan to pay the buyout amount, is it considered a refinance, a new car purchase or a used car purchase? Thanks in advance.
The finance guy at a local BMW dealership just told me that they were informed that money factors on the 530 would increase in January. He said they would go back to where they were in November which would add about 100 per month to the cost of a lease. Do you have any info on this or is it simply a negotiating tactic. For a number of reasons I want to wait a few weeks before making a decision. He said that I could fill out a credit app and lock in the rate now (for 30 days I believe) with no obligation. If rates go down or if I decide not to go forward I get out. Is there any downside to doing this?
Welcome aboard, erliban. Technically your vehicle's lease-end purchase price, or even the price that you would have to pay for it earlier than your scheduled termination date, is based on its residual value and not negotiable. However, many banks are in fact willing to negotiate the prices of vehicles with their lessees from time to time. In order to find out exactly how much money it will cost you to buy your vehicle right now, you need to place a call to the bank that you are leasing it through. They may initially tell you that your car or truck's price is definitely not negotiable, but this may not necessarily be the case. If they aren't willing to work with you on the price, try going up the ladder to see if you can get in touch with anyone who has more authority. Often one has to go up a level or two in order to see some results. Remember though that there definitely is no guarantee that they will lower your vehicle's purchase price. Your loan to purchase your leased vehicle would definitely not be considered a new car loan. I am not positive, but if I had to guess, it would technically be considered a used vehicle loan.
Hi Jim. Well, the F&I guy who you spoke with was not completely lying to you, only partially. BMW is indeed going to increase the lease money factors on the 5-Series for the month of January. However, they definitely will not rise to the level that they were at in November. Instead, the 36 month money factor for all 2002 5-Series models, excluding the M5 will increase from .00190 right now to .00205 in January (they were .00260 in November). The is an increase of right around .36%, which isn't all that big a deal but still makes leasing this car a better deal right now than it will be in a few days. I believe that BMW Financial Services does provide individuals who have filled out credit applications with a 30 or so day grace period in which they can use the lease program that was in effect when they signed the contract. This many be something that you should think about doing. The only down side to doing this is that it will likely count as an inquiry on your credit report.
Hi Carman. Back in message 2430 you gave me a money factor of .25 for a 2002 V6 2WD Mountaineer in SoCal. I'm going to be closing the deal in the next 24 hours, but the sales guy told me the MF is 1.75. All his other numbers seem correct, plus there's an extra $500 credit he's applying that I didn't know about. Just want to double check to see what the MF should be.
First of all, I wanted to thank you for the info on the IS300 a while back, you probably saved me about $40/month on the 39 month lease. My dad is leasing a car soon, and was hoping you could tell me the MF and residuals for the MB E320 and 430, and also the Lexus LS430, for a 36 month and 12,000 mile/year lease.
Could you tell me exactly how long the MF and residuals are good for, as well as if there are any special incentives or programs expiring soon (and your educated guess as to whether how much worse/better the new rates would be)?
Also, my dad was asking about the possibility of leasing a 2001 model year BMW 740. What are your thoughts on leasing last year's models, especially in terms of whether he can get a good deal relative to current year models?
(BTW, I read your post on the 27th about how the programs will be expiring by the end of the year or the first week of January, so I just wanted to let you know he is very serious about leasing a car within the next couple days.)
Car_Man, I am in the process of placing an order for a BMW X5 3.0i in order to lock-in the current lease factors (.0019, 63%, 3 yr., 15K). My dealer informed me that he can only lock in the current lease rates for 60 days from signing, even though I am ordering the car from the factory. Therefore, if the order takes more than 60 days, I would have to pay the increased lease numbers when the car is delivered? Have you ever heard of such a thing, or is the dealer just trying to squeeze more profit out of me by forcing me out of the current lease numbers?
Hi..I know I've read about this someplace but I can't seem to remember the URL. Does anybody know the address of the site/sites of where people actually are interested in buying your lease out? I.E. I offer a price (with an incentive) and they have the option of accepting it.
Thank you!
PS If anybody is interested in a 2002 Toyota Camry SE, 15,000 miles/year, 34 more months in the south Florida area please let me know!
Can you tell me the residual and money factor for a 3 year lease on a 2002 Lincoln LS V8 w/sports package? Also I received a phone call from someone at Lincoln Mercury the other night offering me an incentive to renew my lease before January 14th. First she said it was a $1000 incentive and then said something about $1500. All I can find online is a $1000 incentive and in one place it said the incentive was "first months lease payment, up to $1000" (a big difference froma flat $1000). Any advice would be appreciated.
I would be more than happy to help you out, wjc23. Remember though that BMW's December lease program is scheduled to expire today. If you were to lease a 2002 X5 3.0 for 3 years with 12,000 miles per through BMW Financial Services utilizing their December program the base lease money factor and residual value should be .00190 and 65%, respectively. This money factor is good for all lease terms up to 42 months in length. The 12,000 miles per year residual values for 39 and 42 months should be 63% and 62%. For the X5 4.4 the base money factor for up to 42 months is slightly higher at .00230. The 12K residual values for this model are 64% for 36 months, 61% for 39 months, and 59% for 42 months. Keep in mind that the money factors for many BMW models will increase in their January / February lease program.
Hi again, mwmcdonald1. Unfortunately, Ford Motor Credit's lease program often varies somewhat depending upon what part of the country one is in. It is extremely possible that the Mountaineer's lease rate in your area is higher than the one that I mentioned earlier. The one that I posted is the most common lease rate that I have seen, but I am sure that it is different in some parts of the country. Given the fact that there is $500 lease cash on the 2002 Mountaineer in your neck of the woods, it is entirely possible that Ford is offering this cash in conjunction with a slightly higher lease rate. If you are leasing this truck through the X-Plan the dealership that you are working with probably is not marking up its lease rate, but in order to find out for certain you can always place a call to another Lincoln/Mercury dealership in your area acting as if you are shopping for an X-Plan lease of this truck. Odds are that some other dealership will be willing to quote you the lease rate right over the telephone.
You're welcome, filter1. I am very glad to hear that I was able to help you get such a good deal on your IS 300. How do you like it? I would be more than happy to answer any questions that you have on the vehicles that your father is interested in leasing, however the lease and incentives programs for every single manufacturer that sells light vehicles in the U.S. either expires today or later on this week. Chances are that the Mercedes-Benz and Lexus lease programs will be at least slightly different in January when your father will likely take delivery. I think it would be best if you checked back with me later on this week or early next week to see what the newest lease programs are like for these cars. As far as leasing a 2001 model year vehicle at this point goes, leasing is a funny animal. Even though one would think that it should be cheaper to lease an older vehicle, in reality it is usually more expensive than leasing the current model year's. This is because a 2001 model will have very low residual values at this point, making the depreciation portion of its monthly lease payment very high. Consumers are usually better off purchasing left-over vehicles late in the year instead of leasing them.
Hi again, superman5. The Lexus Financial Services lease program for the 2002 IS 300 is only scheduled to run through January 2nd. Right now the 15,000 miles per year residual values for this car are 55% for 36 months and 49% for 48 months, but these will likely be slightly different in a few days.
Lazura, the person who you were speaking with at your dealership is correct. BMW does allow consumers to lock in a vehicle's lease program for a limited period of time. Sixty days sounds about right to me. You are fortunate that BMW even allows this long a rate lock, some banks do not provide any at all. Unfortunately, if your ordered vehicle takes longer than the lock-in period to arrive then yes you would have to utilize whatever program is available at the time of delivery to lease it.
There are several Web sites out there that allow individuals who are interested in getting out of their leases and consumers who are looking to assume someone's lease, but the one that comes immediately to mind is www.swapalease.com.
I'm curious what the residual on a non-navi Acura TL Type S is at this time and of course what is its money factor? With all the good deals going on, I'm seriously considering this car, but want to make sure I'm getting a good price. Thanks!
Oh and this would be for a 36 month, 15,000 miles a year lease
Car_Man, I just wanted to thank you for all your valuable information over the past few months. On 12/31, I finally 'pulled the trigger' and ordered my 2002 BMW X5 3.0i. Thanks to your information, I was able to get the correct lease numbers (.0019 money factor, 63% residual) from the BMW dealer. The dealers were very reluctant to give away these lease numbers, so your information was critical for me getting my payment down to about $580. In fact, I even used one of the tactics I learned about on this board (multiple deposits) to lower the money factor even further. Based on my calculations, I am making about 15% on my multiple deposits (based on the lower payment), which is a decent investment in these economic times. The only downside was all the fees the dealer assesses (doc fee, advertising fee, acquisition fee), but I am very satisified with the contract I signed. Again, thanks...
I have a 99 Ford Escort under Ford's RCL(3year/36000 miles). Lease ends in AUgust 2002. I have approx. 17000 miles, very minor bumper scratches, and a larger than credit card, but not too noticeable dent on the passenger door from rubbing up against another car's bumper while pulling out of a parking space. The original wheelcovers were stolen which I know I have to replace. I do plan to lease another car from them in August. My question is how lenient will they be on the door dent being that I plan to be a continuing customer and also that they do not make Escorts anymore. Any comments would be greatly appreciated.
On another topic, I know it depends on the amount of driving, but what is the average mileage on new front Bendix brake pads. Had mine replaced at 12000, car is now at 17000 and I feel like they need to be changed again. That 12000 mark was in Feb. 2001.
Hi Dave. Happy New Year! Acura's lease and incentives programs just expired a day or two ago and I have not had a chance to find out any information on their new programs yet. I should have an idea of what January's lease program is like on the TL sometime early next week. Please feel free to check back with me then.
Tneal, different banks have different guidelines as to what they consider excessive wear and tear on a leased vehicle. As a result, it is difficult to say for certain if you will be charged for the dent that you described in your post, especially without personally seeing it. Near the time that your lease is up, Ford Motor Credit will send you several "Wear and Use Template Cards" that you will be able to use to determine if they are likely to charge you for any damage to your car or truck. You can check out samples of these cards by clicking on the following link: Ford Motor Credit Wear and Use Template Cards. You may be able to get them to send you actual copies of these templates now so that you have plenty of time to repair your vehicle.
Thanks for the reply carman. My lending agency is Ford Credit. I have checked out the template cards before and I just went to examine the dent for the very first time. It is not deep, nor is any paint scratched. I would say it measures about 6-8" from side to side. Has Ford Credit proven to be more strict than others and what do you think are the chances that they will waive fees being that I am planning to lease another vehicle from them??
I was just informed by a NJ Chevy dealer that the GMAC interest rates on a 4WD Tahoe Lease (36 month, 12k miles per year) are 7.6% if you put down a $600 security deposit and 8.1% if you do not. Residual value is 55%. Could you please confirm that these are the best available rates. They seem realy high. Thanks.
I negotiated a lease deal yesterday on a 2002 Nissan Sentra. I had all the numbers to show them(thanks Car_Man!) so I offered them $100 over invoice as the 'lease price'. Surprisingly, they agreed. However, the dealer's invoice was $280 higher than what Edmund's had listed. They told me the invoice price I had was correct, but they also have to add to that an advertising fee that they have to pay. I had never heard of this before, so I was wondering if this was a legitimate fee or were they just trying to get their profit margin back up(i.e. I ended up paying $380 over invoice)?
I did end up making the deal because everything else went so smooth and we really liked the car. I was just wondering if anyone else has heard of and/or paid this fee.
I recently leased a 2002 BMW 330i. Upon original order terms were Money Factor of .00270, acquisition fee of $525.00, (deal made in Sept 01). I was told I would get the newest rate at time of pick up of car. In 12/01 sure enough the MF had dropped to .00190 and saved me $44.00 month on my 36 mo lease. As I was thrilled to see such a lower payment come delivery, I didn't notice on the contract that the Cap Cost had increased by $200.00 as well. Four days later I noticed this , spoke to my sales person and he explained to me that since the money factor had decreased from .00270 to .00190 his profit from the finance end fell about $240.00. He further stated that BMW gives him the option to make the acquisition fee $525.00 or $725.00. I was quite upset that this fee had increased $200.00 and was never disclosed to me. It was hidden in the Cap cost and I needed to do subtraction to find it. My questions are 1) Does BMW Financial Services allow the dealer to make the acquisition fee up to $725.00 at their discretion?, and 2) Was this dealer dishonest in NEVER disclosing that this fee was being increased from what was previously discussed at the time the car was ordered? Since I was so disappointed with the sales person changing the fee and not disclosing this , he said he would refund the $200.00. By the way, this was 2 weeks ago and I have not seen the check. Thanks in advance for your input!
You're welcome, tneal. From what I have heard about them, Ford Motor Credit certainly does not seem to be any more strict when evaluating returned leased vehicles than the average captive finance company. Having said that, it is still difficult for me to say whether Ford will charge you for this dent of not. If I had to guess, I would say that a dent that is 8" across probably will result in some sort of penalty, but that is just the opinion of someone who has not actually seen your vehicle in person.
Hi kmurray66. General Motors was supposed to introduce an entirely new incentives program late yesterday that will become effective starting on January 3rd. I have not seen their new lease program yet, but would be more than happy to fill you in on its details when I have had a chance to look it over. Please feel free to check back with me mid next week. Thanks.
Many manufacturers do indeed charge their dealers an advertising fee on all of their vehicles, kbehnke. Quite often these dealerships agree to sell a consumer a car or truck for $X over invoice, but consider this ad fee to be part of their vehicle's invoice price. When evaluating a deal that a dealership has accepted, it is important to look at the big picture, which is the total cost of the vehicle that you are getting. If the dealer that you are working with insists upon adding all sorts of fees to your car's price, but still has the lowest out-the-door price for it it really doesn't matter how they arrived at that figure. It appears as though you were happy with the total price that this dealership was charging you for this car and were happy with how they treated you, so I certainly can see why you went ahead and finalized the deal. Enjoy your new ride!
Hello mitchs3. Yes, many banks, I believe including BMW Financial Services, do allow consumers to mark up a vehicle's lease acquisition fee in order to bake additional profit into the deal. It sounds as though this is exactly what happened in your situation and in my opinion it was wrong of them to change the initial acquisition fee that they quoted you without saying anything. If I was in your situation, I would strongly consider mentioning to BMW what happened and how you feel about the situation in their survey that they will likely have you fill out.
Comments
what kind of number should i expect for leasing
it. 12,000 mile or 15,000, what would be the different in payment in 36 or 39 month lease
i am looking at two models one with nav, one without
-with navigation msrp 37,095 my price 34,355
-without nav msrp 33794 my price 31,502
i appreciate your help!!!!
According to the procedure for estimating lease payment posted on the Edmunds site, the sale tax is calculated on the full payment (including interest, and registration) each month. Is this correct? If this is so and I indent to buy the car at the end of a lease term, I would end up paying more for tax than if just I purchased the car where I pay sale tax only on the cost of the car.
Thanks...
I was told by a dealer in San Diego that the money factor for a X5 lease before end of the year is 0.0023 with a 61% residual. I saw someone mentioning money factor of 0.0019 for 330i and 530i. Does anyone know of that kind of deal for X5?
Thanks
Can you please help me with the following Money Factors and Residual Values for a BMW X5 3.0 lease:
X5 3.0: What is money factor and residual value for 36 month lease with 12,000 miles per year? 39 month lease with 12,000 miles per year? 42 month lease with 12,000 miles per year?
X5 4.4: Same question as above
Thanks a lot for you help.
Your friend must pay the following: Lease payoff (which is the sum of the remaining payments plus residual) minus what the vehicle is currently worth wholesale. And that will be pretty slim, considering the milesage in the time frame. My 1996 Dodge Ram has 72,000 miles in 5-1/2 years time (6 model years by automotive industry standards). Close to the same mileage on the 4Runner with 2 fewer years.
Regardless, this will be a very expensive proposition for your friend to unload the 4Runner. The $4000 down is history, and he can probably say goodbye to his security deposit too. With no information about the truck or the contract, I'm guessing it will probably be worth $13K wholesale (I'm assuming there were 10K miles before the 60 he put on), and that won't even put a dent in what he owes. That doesn't even cover the remaining payments, let alone the residual.
Not a pretty sight. Your friend is going to have to eat some major dollars to get out now.
kcram
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Since you were so helpful with my lease questions for the Audi A4, I am wondering if you would be so kind to furnish the current money factor/ residual value/ incentives for the 2002 Jeep Grand Cherokee (36 month lease term) for my dad. He will be leasing the vehicle in Pennsylvania.
He wants an 18K/ yr mileage allowance--does this affect the available money factor (I'm sure it drives down the residual value)? Oh, his previous vehicle was a leased Grand Cherokee, so I don't know if that affects the available incentives in any way.
Thanks again,
Jake
The handling of sales tax on a lease varies from state to state. You need to check with your state or county to see how they do it OR do a web search on something like "auto lease sales tax" and you can find the information for your state on some of the hits you'll receive.
As for the Edmunds lease payments estimator treatment of taxes, it is just an approximation and probably won't be right for your state.
Car_man
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About a week ago you gave me the residual % and money factor for leasing a 2002 Nissan Sentra GXE for 3 yr/45,000 miles. The money factor you gave me was .00264 which I believe was through NMAC. Today I went to the leasecompare.com web site and it listed a money factor of .00227 for the same term/mileage. This money factor would make my payments about $10/month cheaper which, on a tight budget, makes a difference. I was just wondering why there might be a difference between your number and theirs. Would other lenders actually offer lower money factors than NMAC? I'm going to try to negotiate a lease deal this weekend so I'm a little up in the air as to what m.f. I should be using.
Any input would be greatly appreciated.
Thanks for all your help!
Saw the great numbers on the 330 - how about the 325? Looking for 36 or 42 months with 15K/yr.
What is the BMW acquisition fee?
Is there support on the MC C240?
Thanks,
Bryan
Happy Holidays,
Car_man
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Happy Holidays,
Car_man
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Happy Holidays,
Car_man
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I'm new here and I have some questions that may have been asked numerous times :-) I'd appreciate your insight on this: If I were to end my lease early and buy the vehicle now, is the buyout price still negociable or is it fixed according to the residual value when I started the lease? If I get a loan to pay the buyout amount, is it considered a refinance, a new car purchase or a used car purchase? Thanks in advance.
Car_man
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Car_man
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This is an X-Plan lease, if that matters.
Thanks!
First of all, I wanted to thank you for the info on the IS300 a while back, you probably saved me about $40/month on the 39 month lease. My dad is leasing a car soon, and was hoping you could tell me the MF and residuals for the MB E320 and 430, and also the Lexus LS430, for a 36 month and 12,000 mile/year lease.
Could you tell me exactly how long the MF and residuals are good for, as well as if there are any special incentives or programs expiring soon (and your educated guess as to whether how much worse/better the new rates would be)?
Also, my dad was asking about the possibility of leasing a 2001 model year BMW 740. What are your thoughts on leasing last year's models, especially in terms of whether he can get a good deal relative to current year models?
(BTW, I read your post on the 27th about how the programs will be expiring by the end of the year or the first week of January, so I just wanted to let you know he is very serious about leasing a car within the next couple days.)
I am in the process of placing an order for a BMW X5 3.0i in order to lock-in the current lease factors (.0019, 63%, 3 yr., 15K). My dealer informed me that he can only lock in the current lease rates for 60 days from signing, even though I am ordering the car from the factory. Therefore, if the order takes more than 60 days, I would have to pay the increased lease numbers when the car is delivered? Have you ever heard of such a thing, or is the dealer just trying to squeeze more profit out of me by forcing me out of the current lease numbers?
Thank you!
PS If anybody is interested in a 2002 Toyota Camry SE, 15,000 miles/year, 34 more months in the south Florida area please let me know!
Happy New Years,
Car_man
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Happy New Years,
Car_man
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Happy New Years,
Car_man
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Happy New Years,
Car_man
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Happy New Years,
Car_man
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Happy New Years,
Car_man
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Oh and this would be for a 36 month, 15,000 miles a year lease
I just wanted to thank you for all your valuable information over the past few months. On 12/31, I finally 'pulled the trigger' and ordered my 2002 BMW X5 3.0i. Thanks to your information, I was able to get the correct lease numbers (.0019 money factor, 63% residual) from the BMW dealer. The dealers were very reluctant to give away these lease numbers, so your information was critical for me getting my payment down to about $580. In fact, I even used one of the tactics I learned about on this board (multiple deposits) to lower the money factor even further. Based on my calculations, I am making about 15% on my multiple deposits (based on the lower payment), which is a decent investment in these economic times. The only downside was all the fees the dealer assesses (doc fee, advertising fee, acquisition fee), but I am very satisified with the contract I signed. Again, thanks...
On another topic, I know it depends on the amount of driving, but what is the average mileage on new front Bendix brake pads. Had mine replaced at 12000, car is now at 17000 and I feel like they need to be changed again. That 12000 mark was in Feb. 2001.
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I did end up making the deal because everything else went so smooth and we really liked the car. I was just wondering if anyone else has heard of and/or paid this fee.
Thanks a bunch.
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