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  • curtnheidicurtnheidi Member Posts: 36
    Greetings Mr. C,

    Can you give me the MF and Residual for a saab 9-3 SE 5 spd with premium package, 36 months, 12K yearly miles, in Arizona?

    Also, edmunds shows a $269 lease special on this car...seems like a great deal. Any advice is appreciated.
  • pantherburnpantherburn Member Posts: 15
    Car man,

    Thanks, this is good news indeed. The more I look at my particular situation, it appears that a lease may be the right choice for me at this point in my life. I'll give it a try if I can find a good lease deal (preferably mfg. subsidized) on the vehicle I'm looking for. Thanks again for sharing your knowledge.

    Regards,
  • clpurnellclpurnell Member Posts: 1,083
    Could you give me mf and residuals for this car for 36-39 mos 12k miles per year. Thanks alot. I live in IL.
  • cyniccynic Member Posts: 70
    Hi Car_man,

    I just want to thank you for all your help!
    I finally pulled the trigger and leased a 2002 Accord EX V6 ... I offered $100 over invoice, it was accepted and everything else was very straight forward, the dealer didn't play any games and when I test drove the car it only had 1.4 miles :)

    Thanks again!
  • mgt6103mgt6103 Member Posts: 10
    Car Man: sorry if this is a recent question. I'm looking for residuals and money factors on 2002 Lexus IS 300 5 speed at 39 months, 12,000 miles per year. I recently got a quote from a Lexus dealer in Detroit (at sticker=$32,922) for $556/month with zero down other than 1st month and title, etc. This seems high to me considering I can also lease in Detroit a 2002 Honda S2000 (at sticker=$32,840) with same money down for 36 months, 12,000 miles per year for $485/month. Could you also provide residual and money factor for the S2000. I have to run the numbers to see if the Lexus guys are using some "fuzzy math." As always, thanks!
  • clpurnellclpurnell Member Posts: 1,083
    Than sticker on an IS300 5spd. This car is not selling that hot right now. Tell them you will buy a G35 or 6 spd maxima and they will come down some. If you can't get a deal in Detroit come to Chicago they are discounting S2000's here too.
  • boxerloverboxerlover Member Posts: 5
    I was just offered an IS300 yesterday for $440 including tax with $2700 down in the Twin Cities w/15k miles. This was a loaded 5 speed. They have a special 39 month lease out with 39,000 miles at $399 a month here.
  • boxerloverboxerlover Member Posts: 5
    My heart, though, is with a Saab 9-5 Aero wagon. I have going back and forth between the 9-5 turbo wagon (linear) and the aero version. I'd go with the Aero but the numbers are a $100 more a month. My understanding is Saab had $2000 incentive on the Aero and $4000 on the Linear. Pricing options are: linear $430/month (including tax) w/$2800 down (15k a year, w/premium package and metallic paint) sales price is $31,800. Aero w/touring (black), $540 month (including tax) pricing is $37,200. I'd appreciate some help here. Thanks!
  • scorpio007scorpio007 Member Posts: 19
    Hello Everyone !!

    Just a quick Question: My Accord is 9 Months new.
    Unfortunately, I am not very happy with it. Various reasons. 13K or 8,125 Miles to date.

    Has anyone had ANY experience with breaking a lease midway?

    There are 27 months left on it.

    All ideas will be most appreciated.

    Thanks,

    Robert.
    P.S. Car has NOT been involved in any accidents or had any mechanical problems.
    P.P.S. If I can creatively pull out of the lease, would love to get a 2002 Altima / Camry or go for the NEW 2003 Accord !!
  • dtwleungnycdtwleungnyc Member Posts: 188
    Hello Car_man, do you have any lease information for a 2002 ML320 yet? Basically, I am interested in a 36 month term with either 12,000 or 15,000 miles per year. Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Steve. Do you still enjoy driving your I30? If so and would not mind purchasing it at the end of your term then this is certainly an option that you should consider. In order for you to assess whether the lease-end purchase price for your car is in line with what you would be able to purchase a similar car for on the open market at this time, I suggest that you look up its Edmunds.com Used True Market Value. If the price that we show for a similar car here is close to your purchase option price, then you may want to consider buying your current car. There are two positives to doing so. One is that you obviously would not have to pay for any excess mileage that you have on your leased vehicle. The other is that you know this car's history and how you have treated it. If you have taken good care of your car, in my opinion knowing that it is in good shape makes it worth a little more than one with an unknown history.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello mdx88 (appropriate user i.d. ;)). Here is the information that you are looking for. If you were to lease a 2002 Acura MDX Touring with Navigation through American Honda Finance Corp. this month for 3 years with 12,000 miles per, I believe that their base lease money factor and residual value should be .00240 and 61%, respectively. If you decide to lease this truck, you will have to pay a security deposit, your vehicle's first month's payment, and a $550 acquisition fee at lease signing.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad that you enjoy this section of the Town Hall so much, lazura. If you were to lease a 2002 Lexus RX 300 this month through Lexus Financial Services for 3 years with 15,000 miles per, their base lease money factor should be .00260 for both the 2WD and AWD models. The corresponding residual values should be 54% for the 2WD and 55% for the AWD models without Navigation and without the Coach interior.

    As far as the BMW goes, if you were to lease a 2002 X5 3.0i through BMW Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00220 and 61%, respectively.

    Car_man
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  • murty1921murty1921 Member Posts: 2
    Thanks for the insight.The price dilemma is this.
    A 1999 I30T is about $2500 less in used TMV.This seems significant.
    I can get one with 35k miles for 3k less than my buyout.Once I add the payout to Infiniti ($1850)
    it seems like it is about even.Am I missing something,or suffering from "analysis paralysis"

    Thanks Again,
    Steve
  • alexi1alexi1 Member Posts: 13
    Carman, can you please tell me what the 39/36 whichever applies) months 10k/12k MF and residuals are for:
    Mercedes ML 320
    Lexus RX 300 AWD

    As always, thanks very much.
  • pantherburnpantherburn Member Posts: 15
    Hi Car Man,

    At your convenience could you please give me the lease info on the above vehicle. Probably looking at 2yr / 12K yr or 2yr / 15K yr. I reside in Mississippi. Thanks for your help.
  • rxkerxke Member Posts: 168
    Hi Car Man

    Could you please provide me with the money factor and residuals for both cars. I live in NY and am looking to lease for either 36 or 39 months with 12k or 15k.

    Thanks for your help. You have been very helpful in the past,
  • cinque1cinque1 Member Posts: 1
    Please provide money factor and residuals for a Jeep Liberty limited...I live in NJ and am looking for 36 mths with 12k/mth...
  • soylentsoylent Member Posts: 25
    Greetings Car_man,

    If you would be so kind as to provide residual value and lease money factor for:

    Toyota Highlander 2WD V6 Limited
    Los Angeles, CA.
    3/36 lease

    I would appreciate it.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello 70gcode. Here is the information that you're looking for. If you were to lease a 2002 Ford Excursion through Ford Motor Credit this month for 3 years with 12,000 miles per, their base lease rate and residual value should be around 7.50% and 42%, respectively. Please note that the exact lease rates for this car may vary depending upon what part of the country you are in. If you were to lease a 2002 Chevrolet Suburban through GMAC, their 3 year 12,000 miles per April numbers should be 6.50% and 57%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi shaker58. According to my calculations, if you were to lease a 2002 Acura MDX Touring without Navigation (MSRP: $37,780) at full MSRP through American Honda Finance Corp. for 3 years with 15,000 miles per, your zero down, pre-tax monthly lease payment should be right around $555. The 39 month lease payment for this truck would be approximately $5 per month less.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi chaznva. I am glad to hear that you find the information that is available here in the Town Hall so helpful. Although DaimlerChrysler does have special lease money factors available on the 2002 Jeep Grand Cherokee in many parts of the country, I do not believe that Virginia is one of them. So if you were to lease a 2002 Jeep Grand Cherokee Limited 4WD for 3 years with 15,000 miles per in your area, you would have to use Chrysler Financial's standard lease money factor of .00335 and a residual value of 43%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again curtnheidi. Long time no speak. Here is the information that you are looking for. If you were to lease a 2002 Saab 9-3 5-Door SE through Saab Financial Services Corp. this month for 3 years with 12,000 miles per, their base lease money factor and residual value should be .00083 and 46%, respectively. I believe that Saab also has $2,000 lease cash on this particular model.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, pantherburn. I am glad that I was able to help you out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Good morning, clpurnell. You're in luck, VW just recently issued their program for this particular car. If you were to lease a 2002 Passat W8 through VW Credit for 3 years with 12,000 miles per this month, their base lease money factor and residual value should be .00255 and 52%. Their 39 month lease program would change to .00275 and 50%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congratulations on your new car, cynic! The Accord EX V6 is an outstanding car for the money, especially at $100 over invoice with Honda's great lease program. Enjoy!

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello mgt6103. If you were to lease a 2002 Lexus IS 300 5 speed through Lexus Financial Services this month for 39 months with 12,000 miles per year, their base lease money factor and residual value should be .00244 and 53%, respectively. As far as the Honda S2000 goes, the factor and residual for this car leased through American Honda Finance Corp. this month for 39 months with 12,000 miles per should be .00240 and 64%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi there dtwleungnyc. Yes, I have seen the lease program for the vehicle that you are interested in. If you were to lease a 2002 Mercedes-Benz ML320 through Mercedes-Benz Credit Corp. this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00245 and 58%, respectively. Their 12,000 miles per residual for this car leased for the same term would increase to 60%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey alexi1. Please check my previous post for information on the ML320 lease program. As far as the 2002 Lexus RX 300 AWD goes, if you were to lease one (non-Navigation / non-Coach) this month through Lexus Financial Services for 36 months with 12,000 miles per, their base lease money factor and residual value should be .00260 and 57%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again pantherburn. I would be happy to help you out. Please keep in mind though that Ford's lease program for certain vehicles often varies slightly by region, so the lease rates that are available on this truck in your area might be slightly different than the ones that I am about to post. If you were to lease a 2002 Ford Expedition Eddie Bauer 2WD through Ford Motor Credit this month for 2 years with 15,000 miles per, their base lease rate and residual value should be around 4.5% and 48%. The 12,000 miles per residual value for this term would increase to 50%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi rxke. If you were to lease a 2002 Jaguar X-Type 2.5 through Jaguar Credit this month for 36 months with 15,000 miles per year, their base lease money factor and residual value should be .00101 and 53%, respectively. Their 12,000 miles per year residual value for this term would increase to 54%. As far as the Subaru goes, I have not seen their lease program for the WRX yet. Sorry.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi there cinque1. If you were to lease a 2002 Jeep Liberty Limited 4WD through Chrysler Financial in your area this month for 3 years with 12,000 miles per, their base lease money factor and residual value should be .00275 and 49%, respectively.

    Car_man
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  • dtwleungnycdtwleungnyc Member Posts: 188
    Thank you Car_man on the lease info for the ML320. If possible, do you have the lease info handy for the Audi A6 Avant? Let's say the terms for 3 years at 12,000 miles and 15,000 miles? Once again, thanks in advance.
  • mgt6103mgt6103 Member Posts: 10
  • slvstang02slvstang02 Member Posts: 1
    Hey Car man, you have helped lots of people, so I guess I am gonna ask! what kind of lease could I expect for a 2002 Mustang GT Premium Auto. terms would be 36 months, 15,000 miles. I went to a Ford dealership and they gave me a ROUGH qoute of this.
    $25,830 MSRP
    $24,080 selling Price
    -$1500 rebate
    $22580
    $1200 drive-off fees(est.)
    $442/month-including tax.
    The lady said her manager did it with meduim credit profile. To me that seems a bit high. She said that rates would change April 17,2002 but not sure what that means.
    I have been doing quite a bit or research on leasing but don't know everything about it!
    Residual values where not disclosed. Thanks for the help in advanced.
  • corinne311corinne311 Member Posts: 2
    I was wondering what the rules are for getting out of your lease. My lease is up in 6 months, the dealership told me I could break it 6 months early without penalty, but I'd have to buy from them again. Are there any cons to breaking it 6 months early?? And is it true that I'd have to buy from them? Or does it just depend on the actual lease itself??
  • kurbkurb Member Posts: 11
    I'm interested in leasing a 2002 Nissan Pathfinder Le, I have been quoted a price of 31,968, I'm looking at 15,000 miles per year what should I expect to pay, I'll be putting $0 down, and leasing for 3 years.

    Is there a difference in cost between a 2 and a three year lease?
  • 850driver850driver Member Posts: 7
    Hello Car_man,

    Is there any way to get information regarding used car leasing? I assume that there are not standardized residuals or money factors due to mileage/condition differences on individual cars. I am not considering any car in particular, however I have thought that leasing a 1-2 year old Acura/Infiniti/Lexus for 24 mos. might render some lower payments on shorter term lease. Any advise or insight?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi slvstang02. I would be more than happy to take a look at your situation. Although Ford Motor Credit's lease rates may vary slightly depending upon what part of the country one is in, all of their programs are currently scheduled to run through July 8th, so I don't know where your salesperson got the April 17th date from. Perhaps they are not going to run your lease through Ford Motor Credit. This actually may be the way to go with this particular car because Ford does not currently have any sort of lease rate support on the 2002 Mustang. Even using Ford Motor Credit's terrible standard lease rate of what I believe is around 9.9%, I still come up with a zero down, pre-tax monthly lease payment of only $403 on this car. So the payment that this dealership quoted you to lease it definitely looks as though it is on the high side to me. It may be in your best interest to comparison shop a little bit with a few other Ford dealerships in your area to see what other sort of quotes you can get on this car.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi corinne311. Your lease agreement is between you and the bank that you are sending your monthly payments to. It has nothing to do with the dealership that you purchased your car or truck from. Right now, DaimlerChrysler, Volkswagen, and Jaguar are running early lease termination programs and General Motors had one a month or so ago. Unless your vehicle's manufacturer is running some sort of special promotion, you definitely will not be able to get out of your current lease six months early without penalty regardless of where you get your next vehicle from. It sounds to me as though your dealership is going to pay off your lease on their own, which would definitely cut into their profit and have a negative impact on your ability to get a good deal on your next vehicle. In my opinion, you are probably better off waiting until much closer to the scheduled end of your lease to get a new car or truck.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi kurb. I would be more than happy to calculate a sample lease payment on this truck for you. However, in order for me to do so, I am going to need some additional information first. Is the Pathfinder that you are interested in 2WD or 4WD and what is its full MSRP? Once you answer these two questions for me, I will play with some numbers and see what you can expect to pay to lease this truck. Talk to you soon.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello 850driver. You are correct that there are no standard residual values for used vehicle leases. Most banks that do lease used vehicle publish large tables of dollar values that are used to come up with lease payments for used cars and trucks, rather than the percentages that are used to calculate leases on new vehicles. As a result, there are so many variables that are associated with used vehicle leases that it is very difficult for me to keep up with them. It is hard enough finding out all of the numbers that people ask for in regard to new vehicle leases ;). There are deals on used vehicle leases from time to time. The problem is that most used vehicle lease programs do not receive anywhere near the level of support that manufacturers provide on their new vehicles. Consequently, it often turns out that it is more expensive to lease a used vehicle than an equivalent brand new model. In fact, with many vehicles consumers are actually able to get a lower lease payment by getting a new model than re-leasing their current ones at the end of their term. It sure is strange, but that's just the way the numbers work out.

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  • rlowrierlowrie Member Posts: 30
    Car_Man- thanks for all your input. What are the current MF and residual on the BMW 745 for 36 months/15k miles.
  • icdchessicdchess Member Posts: 83
    Car-Man...
    Since the lease payments are generally based upon residuals and money factors, why aren't used car leases more prevalent? It seems that since the depreciation has already been accounted for by the earlier owner(s), the residuals would be very high and therefore bring the payments way down. What am I missing (it's always SOMETHING!)?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, rlowrie. If you were to lease a 2002 BMW 745i through BMW Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00220 and 61%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Icdchess, the main reason why used vehicle leases are not all that common is because they are often not very good deals. There are two main reasons that I can think of why the monthly payments on used vehicle leases are often relatively unattractive when compared to new vehicle lease payments. One is that vehicles' manufacturers are usually not willing to provide the same level of support on used vehicle leases as they are on new vehicle leases. Paying money to provide lower monthly lease payments on new vehicles in the form of lease cash, supported interest rates, inflated residual values, or a combination there of allows manufacturers to keep their factories churning out new vehicles. All manufacturers strive to sell a large number of new vehicles and this support boosts their new vehicle sales numbers, making them look good to their shareholders. Providing support on used vehicles does not do as much for them, except for perhaps help to soften the blow that their captive finance companies take when they come back at the end of leases. The second reason is that interest rates for loans (leases are essentially a fancy loan) on used vehicles are almost always higher than the interest rates that are available on new vehicles. This is even the case with banks that are not affiliated with automakers in any way. The combination of very little manufacturer support and naturally higher interest rates often makes used vehicle leasing very expensive.

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  • delrickdelrick Member Posts: 105
    You provide a great service here.

    It is a shame that the manufacturers are so secretive with residual and money factor info. There are daelers who are abuse customers by recommending deals that yield a greater profit to them because it is so difficult to shop their lease quotations.

    Thanks for this site...

    Am considering leasing a new GM crewcab vehicle. Can you give me an idea of what residuals are for these vehicles on either a 36 or 48 month lease?

    Wjat would you estimate would be the difference for the 2003's based on an a September delivery?

    I live in Tucson, AZ
  • gtp9gtp9 Member Posts: 5
    I would like the MF & residual of a 2003 acura tls w/navi 36 months/12k! Thanks in advance Carman
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad that you enjoy visiting this section of edmunds.com so much, delrick. By Crew Cabs I assume that you mean that you are interested in leasing either a GMC Sierra or a Chevrolet Silverado. If you were to lease a 2002 Chevrolet Silverado 1500 Crew Cab through General Motors Acceptance Corp. this month for 3 years with 15,000 miles per, their base lease rate and residual value should be 6.5% and 51%, respectively. They are not providing any support on Silverado leases that are longer than 36 months, so if you were to lease this truck through GMAC for 48 months their lease rate would increase to whatever their standard lease rate is right now (probably around 7% or so) and the residual value would fall to 41%. The lease numbers for the GMC Sierra 1500 Crew Cab should be exactly the same as the Silverado. It is difficult to say what the numbers will be like for these trucks in September, that is a long way down the road. A lot can happen with interest rates between now and then.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Good morning, gtp9. If you were to lease a 2003 Acura TL with navigation through American Honda Finance Corp. this month for 3 years with 12,000 miles per, their base lease money factor and residual value should be .00240 and 64%.

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