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Thanks that seems like a pretty aggresive money factor. Also the residual is based on the actual cap cost not the MSRP, correct? Thanks again this is a great board.
Thanks for your quick response and info. The MSRP on the car was $34,185. I'm looking at a 39 mos. lease, 18K miles and $1,500 out of pocket. Let me know what you come up with. Thanks for your help.
Would you please provide the money factor and residual for Audi A6, 3 yr, 15k/yr, Pennsylvania:
2.7T
3.0 Quattro
3.0 AVANT
Thanks!
Thanks for the Saab info. I'm just shopping one more car before I pull the trigger.
I'm looking at 36mo. 15K miles, $0 down.
I need the usual MF, residual, and special offer info(if applicable)
Thanks Again
JP
1) 2002 Passat GLS 1.8t Auto
2) 2002 Dodge Ram 1500 SWB Quad Cab SLT 4x2
3) Mazda MPV LX
All these have either dealer or customer cash available I think. Could you please indicate if these can be used with the lease programs you quote.
TIA
You already answered me regarding the Volvo lease deal in NC--
One more question--in addition to the S60, I am looking at the Audi A4 1.8T quattro (decisions, decisions!)
Do you have the august MF, residual, etc for 36 mos in North Carolina, 12,000K for Audi Financial?
If one car had a substantially better lease or financing program, that might sway the decision as they are neck and neck!
thanks
Mike
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If you were to lease a 2002 Dodge Ram 1500 SWB Quad Cab SLT 4x2 through Chrysler Financial in the state of TX this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00205 and 47%, respectively. DaimlerChrysler is providing lease cash on the 2002 Ram Pickup 1500. Although the exact allowance varies by region, I believe that they are providing $2,000 lease cash on this truck in most areas.
Last but not least we have the 2002 Mazda MPV LX. If you were to lease this van through Mazda's captive finance company in the state of Texas for 3 years with 15,000 miles per their base lease money factor and residual value should be .00223 and 45%, respectively. There is no lease cash currently available on this model.
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I think you offer some very valuable advice and I want to add my name to those who thank you for supporting this board!
Here is the question: I live in NY and I am considering the lease of a 2002 Honda Accord EX Sedan. 4 Cylinder. Automatic. The dealer is quoting $269/mo with $0 down and $0 Security and disposition fees. Just need to pay the lease acquisition fee. Do you know when you will have 2003 lease numbers (residual/money factor) for the Accord EX? Also, do you have any insight as to whether Honda will be offering the same lease program on the 2002 Accords in September? (the lease on my current car runs out at the end of Sept. and I am trying to figure out if I should jump on this deal now...)
Thanks
2 questions:
1. My lease will be ending in about a year on my 2001 Camry XLE V6 (39 month/15k miles per year). Will SouthEast Toyota more than likely cut me a deal to buy the car? The end of lease residual is high at 14763. I can save about a thousand dollars on finance charges if I refinance the remaining balance. Is it worth waiting?
2. What is the best lease deal available from a manufacturer right now under $400 a month (any car)?
Thanks
Yog Hari
yhari@yahoo.com
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There are lots of cars out there that one can lease for less than $400 per month. Your exact lease payment on any vehicle will depend upon how long you lease it for, how many miles per year you need to be able to drive, and if you make a down payment. Saab typically provides a ton of lease support on its cars, making them great cars for the money. Volvo is also providing quite a bit of lease support on certain models in certain regions. Heck, Jaguar is advertising a lease on the 2003 X-Type 2.5 for only $349 per month right now. Of course this lease requires money down, is for 39 months, and only allows 10,000 miles per year. If you can be more specific about your likes and needs I can give you some more specific lease examples.
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Thank you
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Yog Hari
You've helped me over on the Passat pricing list; I'm casting an eye on possibly leasing. I've noted the figures from previous questioners on 15, 000 and 36 months; could you give me the numbers for VW Passat GLS 1.8T on 12,000 miles and 48 months in the SoCal area? Thanks in advance. ClscFlm
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I am purchasing a 55K car. I have a trade-in valued at 26K (all before tax). I own my trade-in outright (and am in Washington state if that matters). My goal is to take advantage of the ~$2200 tax benefit of my trade-in.
If I purchase the new car, I can apply the tax from my trade-in towards the new purchase. This assumes I apply the full trade-in value of the car to the purchase, correct? (e.g., I can't take 10K back in cash from the trade-in and get the full tax benefit of the 26K trade-in). The remainder would be financed at their special 3.9% rate.
If I lease the car with no down, I get no tax benefit from the trade-in. The lease rate is also around 4%.
If I do a pre-payed lease, can I apply the tax of my trade-in towards pre-paying the lease (with any amount beyond the prepayed total being returned and the tax benefit on such amount being lost)?. The pre-pay lease is charging .1% finance charge. I would have no payments for the lease duration and a residual to buy out the car at the end.
If I understand all this correctly, the best financing approach would be to do the pre-pay lease (especially assuming I will buy the car at the end of the lease). This is no different than the financing approach with the added benefit of no payments for the lease duration. At the end of the lease I can refinance the remainder or pay it off- whatever makes sense at that time. Is my analysis close to being correct :-)? With the .1% rate the car should cost very close to the purchase price plus tax, correct?
(note I am still waiting the work-up sheet from the dealer for the pre-pay lease - I like to know what to expect beforehand). The purchase price is all locked down (Ford/ Lincoln x-plan pricing) so it is all a matter of number crunching.
Thanks in advance.
Also remember that if you pre-pay the entire lease, if you car is stolen or totalled, the insurance company gets paid first and then you get any thing left over.
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Can you give me some numbers for the SouthEast?
I am looking at three options;
1. 2003 Passat GL 1.8T , 36 months 15k miles per year (will also consider a 2002 GLS if it makes sense).
2. 2002 Camry XLE 4Cyl , 36 Months 15k Miles
3. 2002 Accord EX 4Cyl, 36 months 15K Miles per year.
All of these cars are pretty comparable in my mind. Which manufacturer do you think has the best deal going?
Also, what are the implications of the insurance company getting paid first? Does this mean if I pre-pay 20K and the car is totaled 1 month in I might not get most of the 20K back? (or more to the point, I might not be able to walk into a dealer and walk out with a replacement car of the same price assuming no change in rates with the proceeds)
Thanks
I am not an insurance expert, but there have been numerous posts here about avoiding big downpayments on leases for the reaons of your exposure in the event of a total or theft.
You need to chat with your insurance company and see if they can explain the way it works in your state.
Also, you just don't walk back in and get another car at the dealership, since they are NOT a participant in the lease. The sell the car to the bank or finance company who owns its. They 'rent' it to you, aka lease.
You pay insurance on it, insuring their property. In the event of loss, they get compensated by your insurance company for the fair market value of the car. You would have to deal with them to get the big downpayments or prepayments back. I would think it would be very messy and this is why its not very common.
Plus you are only going to get taxed on the amount of your lease, not the full value of the vehicle that is leased.
I'd get the dealership to give you your 'trade-in' value in one check. Do the lease deal as a normal deal at closing, paying as little down as possible.
In Washington State it appears that the location of the owner of the vehicle determines your sales/use tax rate. Therefore if there is a leasing company in a low tax county or municipality you could save some $$.
Good luck
I've been shopping a 2002 330i v. G35. I'm in NJ and for a no money down 36 month lease I've been quoted $545 month for the BMW (MSRP $41710, invoice $39710) 12K per year (.0019 MF and 61% residual). The best price on a comparitively equiped G35 is $510 per month (59% residual and .00260 MF).
Does this sound right to you. For $35 a month difference, I'm leaning towards the BMW.
Thanks for the help.
Although Toyota is providing supported lease money factors on the Camry in some regions this month, I am not aware of any lease support being provided on the 2002 Camry in the Southeastern U.S. right now. that doesn't necessarily mean that they aren't providing any there, just that they probably are not. So, if you were to lease a 2002 Camry through Toyota's captive finance company in your area at this time, would probably have to use their base standard lease money factor of 00250 and a 3 year 15,000 miles per residual of 52%.
Last but not lease, er uh I mean least
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Thanks.
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Do you have the money factor and residuals, etc. for 12K/yr in North Carolina?
Don't know if you have info on the cars yet since the 2003 are just now rolling into the dealer.
Thanks in advance
Mike
Could I please get some lease information for the 02 and 03 Toyota Tundra. I am looking for a SR5 for 36 or 39 months, 15k a year. I am located in Missouri. Also, could you please include the latest lease info on the 02 and 03 Nissan Pathfinder LE for 36 or 39 months, 15k a year.
Thanks in advance, this is a great service!
Jeff
Did you have the numbers for 12K per year? Also, do you have 39 month numbers? Seems like the residual is pretty low - I thought it might be higher at the beginning of the model year. Any incentives?
Also, do you have the numbers for a 36 month lease at 12K miles for the 2003 Yukon Denali and 2003 Range Rover?
Thanks!
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I do not believe that Nissan has introduced their lease program for the 2003 Pathfinder yet, but I have seen their program for the 2002 version of this truck. If you were to lease a 2002 Nissan Pathfinder LE 4WD through Nissan Motor acceptance Corp. this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00185 and 51%, respectively. Their 39 month 15,000 miles per base numbers should be .00175 and 50%, respectively. In addition to these special lease money factors, Nissan is providing $1,000 lease cash that may be used to reduce this truck's capitalized cost.
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