Lease Questions - Ask Here

in General
I created this new topic in an effort to
consolidate all of the various topics that contain
specific questions about leasing. Please feel free
to post any questions that you have on this
subject in this area. Thanks.
Car_Man
Smart Shoppers / FWI Co-Host
consolidate all of the various topics that contain
specific questions about leasing. Please feel free
to post any questions that you have on this
subject in this area. Thanks.
Car_Man
Smart Shoppers / FWI Co-Host
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Comments
There are definitely some decent deals available right now, but I think that the days of unbelievably low monthly payments are gone for the time being now that the Fed raised interest rates numerous times. It seems to me as though it is more expensive to lease a vehicle today that it was to lease the same one several years ago in many cases.
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
I'd like 15K mi/yr. and both 24 & 36 month residuals, just to play with.
Thanks!!
where can I get a detailed description of lease calculations?
slardy
a while ago you provided me with accord coupe and volvo residuals and money factors. I would assume that the money factor is variable as well as the residual, both dependent on what lender you end up using - I see you were using the manufacturer's finance co's numbers. But, anyway, I would like to know what the approximate residual and money factors would be for an '01 Audi A4 1.8T with 5 speed/roof/premium sound - no quattro. Thanks
As I just mentioned the Acura and Infiniti lease programs just expired and I have not seen their new ones yet. I will probably have the information that you are looking for if you check back with me late next week.
Car_Man
Smart Shoppers / FWI Co-Host
I suggest that you run the price that you were quoted for this car and the monthly lease payments that you have been given by some of your fellow community members over in the Town Hall Sedans Conference. Perhaps some Maxima owners and shoppers in that part of this site will be able to tell you exactly how much they are paying for their vehicles so that you have a few real world examples to compare with. Click here to go there: Edmunds.com Sedans Conference.
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
The Audi Financial Services lease program on the A4 expired at the end of today, and as you might imagine I haven't seen their new program yet. Please feel free to check back with me towards the end of next week and I should have the info that you're looking for.
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
As far as the deals go, I would say that both the price that you are being charged for the 1998 GS 300 and the lease interest rates seem very reasonable to me. However, even though the interest rate seems fair for the 2001 model the price sounds a little on the high side. Of course, I have no way of telling how this car is equipped by reading the post that you made. So if this car is loaded than this price might not be that high after all. It is in your best interest to pay a visit to another Lexus dealership or two to see if they would be willing to give you more than a $500 discount on this car. If not, then this is what the market dictates for this particular vehicle in your area.
Which one you should get is really a personal decision. It depends upon several factors, including how much more you want to drive a brand new car over a used one and what your budget is like.
Car_Man
Smart Shoppers / FWI Co-Host
Floridian
If some of these models have a lower residual than the others, I may eliminate them from my consideration.
Also, what is an average money factor to use?
I want to do my own calculations before I make an offer.
I am planning on leasing a 2001 Acura 3.2TL (when it comes out later this month). Does anyone have residual and money factor info on this car (or the 2000 Acura 3.2 TL)? I am looking at a 36 month lease with 15,000 mile per year. Thanks..
here's the deal I got for the Max: Fully Loaded GLE, all options except gold badging. 389/month for 39 months. I thought it was a pretty dang good buy.
Do you have any idea about the end of lease procedures for nmac? I just found out my existing honda lease will be charged some bogus "disposition fee" in the amount of $400. Leaves a pretty bad taste in my mouth, would that be a norm?
If you decide to lease a 2001 Dodge Durango through Chrysler Financial Corp. the lease money factor is currently .00340 for both 36 and 48 month terms. The 15,000 mi/yr residuals for this truck are 54% for 36 mo. & 47% for 48 mo. for the 2WD version and 55% and 48% respectively for the 4WD version of this truck.
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
now i gotta get them snowtires. anybody use the michelin alpine?
Car_Man
Smart Shoppers / FWI Co-Host
Thanks in advance.
Thanks!
Nice choice by the way. If I was going to get a new car right now, the Audi TT would probably be it. I think that it is gorgeous. My current lease still runs through June though so I still have a little time to change my mind
Car_Man
Smart Shoppers / FWI Co-Host
So, if you choose to lease a 2001 Jeep Cherokee through Chrysler Financial right now you will have to pay their standard lease money factor of .00390 for 36 month terms. Of course this rate assumes that your credit is in pretty good shape, if not it will be higher. The 36 month, 15,000 mi/yr CFC residual values for the 2001 Jeep Cherokee are 38% for 2-Door 2WD and 42% for 4-Door 2WD models. The combination of the high money factor and the low residual value do not make this a very attractive lease vehicle right now. Fortunately, the $1,500 Lease Cash that DaimlerChrysler has on the 2001 Cherokee helps to somewhat offset the bad lease terms.
I do not know exactly what the lease money factor for the Toyota 4Runner is in the San Francisco area. However, chances are that the SF region is very similar to most others in that there is not any lease money factor support on the 2000 or 2001 Toyota 4Runner right now. If you decide to lease one through Toyota Motor Credit Corp. and there is not any support available on it, you will end up paying their standard lease money factor which I believe is currently .00400.
Car_Man
Smart Shoppers / FWI Co-Host
BTW, I think Hahn is offering the best lease rates now, I just wanted to get some feedback from you before moving on it.
Thanks again for your help!
thanks!
You mentioned about a week ago that you were expecting to hear shortly on the new 2001 residual and money factor numbers for an Acura 3.2TL. Any news yet?
I am interested in leasing a 2001 with navigation, for 36 months and 15,000 miles per year.
Thanks..
SteveJoe
What was your buy out at the end? When talking to the dealers, we were told that a new car would be in the $30K ball park. They estimated payments at $450 or so. Is this likely just because of dealer markup? Was there any incentive program running when you got yours? Feel free to contact me direct.
In you opinion, is it wise to lease (2-3yr), as opposed to financing (4yr), a performance car (ie, 911, Viper, M5, $70K+cars) as a low mileage secondary car used primarily for fun, racing, etc.
Are there any special considerations which must be taken into consideration for such cars, as opposed to sub-40K lease cars?
I realize the question is rather vague and leaves a lot to be considered or assumed, but this is intentional, as I really would like to hear your opinion on such an endevour.
Thanks,
-Dave
Can you please provide the current money factor for a VW Jetta GLS V6 (2001). I saw on the rebates/incentives page that in NJ there are special residuals and lease factors, but the page does not tell us the lease money factors. (It would be nice if you guys would add them to that web page).
I am looking at between 24-39 months.
Thanks
Gregg
Car_Man
Smart Shoppers / FWI Co-Host
chance to assume a lease on a "GLE" do you mean a
Nissan Maxima GLE? This doesn't sound like that great a deal to me. Also, I personally would be slightly leery of assuming a 48 month lease on most vehicles. I say this because one of the major perks of leasing a vehicle for 24 or 36 months is that it is covered by its original factory warranty for the duration of your lease. If you assume this lease you will not have any warranty coverage for the last year and will be responsible to repair anything that goes wrong or possibly face a lease-end penalty for excess wear and tear if you don't.
Prior to agreeing to assume this lease, I suggest
that you visit a couple of other Nissan dealerships and price how much it would cost you to lease a brand new Maxima GLE. You may find that the difference in payments is not great enough to justify going with the used car over a brand new one.
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
Car_Man
Smart Shoppers / FWI Co-Host
Can you please provide money factor and residual information for a 2001 Audi A6 2.7T. I'm looking for a 3 or 4 year lease at 12,000 miles per year.
Thank you.
Car_Man
Smart Shoppers / FWI Co-Host
The deal I'm being offered is slightly better than another one I had about a week ago. Here goes:
$342/mo (TAX INCLUDED) @ 39 months
$2000 due at lease signing (tax and inceptions are all included - roughly $600 is inceptions, $1400 is cap cost reduction) .... I did notice there is NO security deposit and NO bank fee through this bank ...
I saw an ad in the paper for $299/mo (PLUS ttl) for 36 months .. but $4000 was due at signing -- I don't think this is really a good deal, and mine is probably still better ...
No other dealer has been able to touch the $342/mo deal. Here is the small problem I have. The lease on my 98 Honda isn't up until December .. so, I have 3 payments left of $350 ... not to mention, I'm a few thousand miles over the mileage, the $250 disposition fee and I'd still have to pay insurance on BOTH cars if I kept the Honda ... The Acura dealer would require an ADDITIONAL $1500.00 down to 'pay off' the Honda ... really kinda confused as to what I should do ... Also, my lease is through First Union, who is now OUT of the Auto Leasing Business, so they've already told me there's really no flexibility ...
Oh, by the way -- could anyone tell me how much insurance you pay on your CL ? As we all know, it's NICE and expensive here in Jersey -- I got a quote of $2100 per YEAR for the CL -- $300 more than my Honda ...
WHAT SHOULD I DO ???
I'd really appreciate all your input - thanks !