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Car_man
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Thank you.
Howard
Thanks Car_Man
Can you please give me the Residual and MF for the 2003 VW Passat and 2002/2003 Saab 9-3.
Term 24, 30 & 36 months
15K miles/year.
JP
Need your help. I'm in the market for a new 2002 300M. Planning to lease it for 24 / 36 months.
Can you please help me with the following for a 12K mile/yr lease: Residual, Money Factor/Interest rate etc. for both, 24 and 36 months? Also, do you know any incentive/rebate applicable to lease right now ? Or may be coming in the near future? My zip code is 10952.
Bottom Line: How much per month should I consider as good deal with min / no down payment.
Everybody:
I live in NY but willing to travel to any NY, NJ, CT dealership. Can anybody please recommend any dealership / sale person's name ?
Thanks for all your help
That was a mouthfull! And that was exactly what I was looking for. Thank you very much for putting time into that one! For anyone who needs info on leasing fees, post #4234 and #4235 are pretty good posts to read over. Again, thanks footie!
jgw
thank you
Welcome back, and thanks for all of your help on this forum! I need to lease a vehicle by the first week of September, so will probably be shopping in late August. My first choice is a Honda CRV EX, but I am also considering a Nissan Altima 3.5SE.
Sounds like you have seen August lease programs for both Honda and Nissan, so could you post residuals and MFs for these 2 vehicles? 3yrs, 12k and 15k miles/yr.
Second, are there any acquisition, disposition or other fees?
Third, I would like to wait until the 2003s because of the higher residuals, but do you know when the 2003 CRV arrives? (I have heard the 2003 Altima will be in dealers Aug 15)
Lastly, do you think software such as the "LeaseWizard" program is worth buying?
Thanks in advance for all of your help!
Karz
Car_man
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Car_man
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Car_man
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Car_man
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Car_man
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As far as the 2002 Nissan Altima 3.5SE goes, if you were to lease one through Nissan Motor Acceptance Corp. for 3 years with 15,000 miles per, their base lease money factor and residual value should currently be .00226 and 50%, respectively. Their 3 year 12,000 miles per residual value would increase to 51%.
Nissan Motor Acceptance Corp. has a lease acquisition fee of $545, but I do not believe that they charge a disposition fee. American Honda Finance Corp. has a lease acquisition fee of $550 and I don't think that they have a disposition fee either.
I am sorry to say that I have not heard when the 2003 Honda CR-V is scheduled to arrive at dealers. Perhaps someone over on the SUV Message Board would know.
I personally wouldn't purchase any sort of lease software. It is very easy to calculate lease payments for vehicles if you follow the formula that is provided here at Edmunds.com exactly. You can even create an Excel spreadsheet that will do all of the work for you. Once you have the formula down, just check with me to find out accurate lease program details for your calculations.
Car_man
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You mentioned you couldn't figure out an up front lease figure with certain numbers. I am looking to lease an '03 acura cl for 36 months at 15,000 miles .. msrp 29,000, negotiated price 28,000 ... i want to pay one lump sum
thank you for all your help
Thanks for your help. Here is the MSRP and TMV info that I got from Edmunds.com
Invoice $27,216
MSRP $29,220
TMV $27,458
Can you please provide me an estimated lease payment per month for 24 and 36 mon lease for 12K mi/yr. Thanks again for your help
Hope this is what you need to help.
9-5 Linear with the Premium package.
9-3 SE with automatic transmission.
I could really use a Cap to start for each, the MF and residual. I'd like to only go 36 months and need 15k miles per year and live in Nevada.
JP
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As far as the Honda Odyssey goes, not surprisingly they are not providing any sort of incentives or lease support on it at this time. So if you were to lease one through American Honda Finance Corp. right now you would have to use their standard lease money factors. The base standard 36 month factor should be .00230 and the 3 year 12,000 miles per residual value for a 2002 Odyssey EX without Navigation should be a solid 63%.
Car_man
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Car_man
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I think I have basically got the leasing thing figured out from reading this board. One question--I have heard that making a downpayment (with a trade-in or whatever) on your lease is a bad idea bc if you total the car of if it is stolen and not recovered, you loose your downpayment. I am not sure how this works-say you make a downpayment of 6K, 1 week later the car is totalled, the insurance co pays the lease company for the car, presumably some of that money should go to you as well, right? Could you help me understand this.
thanks
Mike
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While I have you "on the line", so to speak, I am looking at an 02 Volvo S60 AWD, MSRP arround 36K or so, cap probably arround 34500, 36 mos, 12000K miles--do you know what the volvo finance residuals and money factor for august would be?
I realize that the differences in residual might make it a good deal to wait for the 03s, but not sure we can wait that long.
thanks
Mike
Thanks again. I still have a few questions. They are
1. The payments that you mentioned is pre-tax, right ? What if you include tax? Can you please provide me that. I know, I'm asking too much...but kind of confused while calculating the tax portion of it. I live in NY - 10952.
2. The money factor you said is .00010 what is the equiv. interest rate, if I convert
3. Can you please help me understanding why payments are higher 2 yr lease vs the 3 yr. It should be other way round because of less depritiation in 2 yr - what am I missing ?
Thanks for your time.
I have read this board for some time and know that you always give great info. I have a question that I hope you can answer for me. I have a 2000 BMW 328i that I have financed through the BMW Owners Choice program. That contract is coming to an end in a few months and I really want to look at an M3. I was hoping that given the following info you might be able to give me a close figure on the monthly payment for an M3 lease. Price of $51,120, $3000 down, 36 months, 15K miles a year. Not sure what the current residual and money factor are. Any help you could give me would be very much appreciated. Thanks in advance.
Also, are you familiar with the BMW Owners Choice
financing, similar to the "Smart Buy"? I was wondering if there is an easy way to calculate payments under that financing program. I think under some circumstances the payment for that form of financing is less than a lease payment.
Are residuals typically higher at the beginning of a model year and less near the end of a model year?
Thanks for your help
Do you have any info on the GM Pull Ahead Program. I believe it ended on 7/31, but I was wondering if there is any chance it will be extended.
Also could you let me know what the money factor and residuals are on an olds silhouette.
2002 & 2003 FWD premiere 3yr/36K
Thanks
Rather than parting with a huge down payment (or any down payment!) another option would be to increase the security deposit or supply two security deposits. This either raises the residual or lowers the interest rate (not sure which one). But at least with this option you get the security deposit back at the end of the lease (with the stipulation that there is no damage to the car upon return).
jgwoods
Thanks for your response to my earlier post. Just checking back as you suggested to find out what the August AHFC residuals are for a 2002 CRV EX, 3yr lease at both 12k and 15k.
Also, the leasing program I was thinking about buying was the one at www.leasewizard.com. It's not just a lease calculator, but rather claims to show you the available lease terms (fees, MFs and residuals) from a variety of banks, not just the manufacturer's finance arm. So, while you are a great resource for the manufacturer's lease terms, perhaps an outside bank would have a better lease offer I should know about. Then if the dealer offers a lease from an outside bank - Chase, for example - I would know if additional profit was being baked into the terms. Do you think this sort of program is worth it?
Thanks again!
Then based on the info provided and lets say the cost for the car is invoice minus the whole 6k say 30k.
Sorry for all the additional questions, but this is the first time I've considered a lease and want to go and make the deal with all the facts.
Car_man
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As far as the money factor goes, a lease money factor of .00010 would be equivalent to an interest rate of approximately one quarter of one percent.
Shorter term leases almost always have higher monthly payments than long term leases do. This is because the largest portion of a vehicle's depreciation occurs during the first year of ownership. The longer your lease is, the longer you are able to spread out this massive initial depreciation hit.
Car_man
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Thanks again
Mike
Appreciate all the info you provide on this board, its been really helpful to both myself and friends who are "in the market" this year. I have a test drive set up for Sunday. I need residual / money factor for:
2002 C320 Mercedes Sport Wagon Automatic
3/36
4/48
Los Angeles, Ca.
Thanks,
Brian
Have you had an opportunity yet to see the August rates for the Infiniti G35 (leather)?
I am interested in 12K miles/year, 24, 27, 30, and 36 months.
Thanks again,
Gregg
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As far as leasewizard goes, although it has been a while since I last played with it, my problem with it when I did is that they did not use banks' actual residual values when calculating sample lease payments, but rather just supplied the ALG (an independent company that calculates residuals for vehicles) residual value. Given the fact that banks' actual residual values are often different than ALG's, their calculations were sometimes off. I don't know how accurate their lease money factor data is, but I personally am fairly skeptical. If you do end up getting it, let me know and we can compare numbers to see how good their data is. That would be very interesting.
Car_man
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As far as the 2003 Chevrolet Tahoe goes, if you were to lease one right now through General Motors Acceptance Corp. for 3 years with 12,000 miles per, their base lease rate and residual value should be 6.50% and I believe 55%, respectively.
Car_man
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As long as you are checking on GM vehicles could you also please let me know what the residuals and money factors are on the 2003 Envoy SLE 4wd.
Thanks in advance for all of you help,
Adam
I'm still pursuing this one. Based on your experience and based on the fact these are slow movers is it reasonable to expect an invoice price and get the 6K money as well?
If I change direction I'll be sure to contact you for your good advice.
Thanks again
JP
I popped into my local Saab dealer this morning, and they told me the $6000 customer cash was only available for a purchase, not a lease. They believed only $3500 was available for lease.
Steve
Can you please give me the the MF and residual to lease 2002 Volvo Cross Country for 36 or 39 Months and 12k & 15K miles p/year.
Thanks
Remy