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  • dealmkrjjddealmkrjjd Member Posts: 32
    I am looking at a 2003 3.0 or 4.4 for 36 months/15k a year can you tell me what the money factor & residual are. Thank you.
  • mitchs3mitchs3 Member Posts: 68
    Hi car man. Thanks for your great advice. I have an 03 Odyssey minivan due in the next few weeks. Unsure to lease or buy, but do you have the MF, Redidual, and Acquisition fee on 3yr-36k lease and 4yr-48K..With their good residual this may be the way to go. Buy the way my 02 BMW 330 was leased from the same dealer at their "retention rate" but they baked another $200.00 into the acquisition fee to total of 795. So I want to keep them honest..
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Ogbuffguy, different lending institutions have different rate structures for consumers with less than stellar credit scores. Let's use Mercedes-Benz Credit Corp. as an example. Consumers who qualify for their standard top credit tier lease rate, can use a 36 month lease money factor of .00314. Consumers who do not qualify for this Tier 1 rate may qualify for their other credit tiers, which have higher rates. Tier 2 has a rate of .00334 for an otherwise identical lease. Tier 3 has a rate of .00389 for an otherwise identical lease. Lastly, Tier 4 has a rate of .00444 for an otherwise identical lease. Consumers whose credit is in really bad shape may not even qualify for Tier 4 rates. The exact rates that one will qualify for will vary from bank to bank.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi taxattorney. Here is the information that you are looking for. If you were to lease a 2003 Audi A4 1.8T 2WD through Audi Financial Services in the state of California this month for 4 years with 15,000 miles per, their base lease money factor and residual value should be .00278 and 51%, respectively. Their 12,000 miles per year residual value for an otherwise identical lease would increase to 53%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey bradlake1. You certainly were able to negotiate a low price on your allroad. The dealer cash that Audi is providing to help dealers unload their leftover 2002s certainly came in handy. When they introduced this cash, Audi did away with the lease support that they were providing on 2002 models, so it is not surprising that your dealer ran your lease through Chase instead of Audi Financial Services. Your money factor and residual value look great, better than the .00245 and 45% that you would have had to use if you had leased through Audi. I am glad to hear that everything worked out so well for you. Enjoy your new allroad and don't be a stranger.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Mac_suibhne, I am not aware of any source that provides accurate lease money factor and residual value information to the general public, but I would be more than happy to give you an idea of what the factor and residual should be like for this van right now. If you were to lease a 2002 Honda Odyssey EX-L through American Honda Finance Corp. this month for 4 years with 12,000 miles per, their base lease money factor and residual value should be .00220 and 54%, respectively.

    As far as your trade-in value goes, if the dealer that you were working with was not willing to give you any sort of discount on your Odyssey, I highly doubt that you were in a strong enough bargaining position to insist that they give you an over allowance on your trade.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ct_yank. Although Audi is providing a decent amount of lease support on certain 2003 models, this particular car's lease program is merely average. Right now in your area, their 3 year 12,000 miles per lease money factor and residual value for a 2003 A4 3.0 quattro should be .00220 and 59%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, yhari. Although you need to check with them to be absolutely certain, I believe that American Honda Finance Corp. does indeed include gap insurance in their leases. In answer to your second question, yes as long as you have not exceeded your mileage allowance and your car does not have any excess wear and tear, you should be able to walk away at the end of your lease term with AHFC without having to pay a dime and let them worry about whether your car is worth what they estimated that it would be.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello dealmkrjjd. If you were to lease a 2003 BMW X5 3.0L through BMW Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00265 and 60%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mitchs3. In order for me to give you an accurate idea of what this van's residual values should be like right now, I am going to need a little additional information from you. What trim level Odyssey are you getting, i.e. EX, LX, with navigation, etc... Once I have this additional information I should be able to help you out. Talk to you soon.

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  • remy725remy725 Member Posts: 13
    Hi Carman
    Can you please furnish me with MF's and resids. for both 2002 & 2003 Boxter S's

    24,36, 39 months
    12k miles

    Thanks
    remy725
  • taxattorneytaxattorney Member Posts: 4
    Thanks for your help Car_man.

    Two more questions

    1) What models is Audi giving good lease support to right now in the Southern California area? Could you give their 48 month/15K money factors and residuals?

    2) I told the salesperson I've been dealing that I wanted to wait until next month to see if Audi puts the A4 1.8T CVT 2WD on lease special. He responded that "money factors will go up as the model year gets older". I realize that MFs may change from month to month, but I didn't think as a general rule they went up. Perhaps he is trying to get me to take delivery ASAP?

    Thanks again Car_man.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi remy725. The Porsche Credit September lease money factors for both the 2002 and 2003 Porsche Boxster should be .00365 for 24 months and .00270 for 36 and 39 months. The 15,000 miles per year Porsche Credit residual values for a 2002 Boxster S without Tiptronic should be 60% for 24 months, 57% for 36 months, and 56% for 39 months. The residual values for an otherwise identical lease of a 2003 model should be 61%, 58%, and 57%, respectively. The 12,000 miles per year residual values should be 2% higher than the ones that I just posted.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey taxattorney. Audi's lease money factors are much better on the 2003 A4 3.0L Sedan w/o quattro. This car has a 3 year base lease money factor of .00185 through Audi Financial Services. Other vehicles that have similar factors are the 2003 A6 2.7T with a factor of .00150, the 2003 A6 3.0L Avant and Sedan with factors of .00140, and the A8 which is way more expensive than any of the other models that we are discussing. The 48 month factors and residuals for these cars are .00210 and 48% for the 2003 A4 3.0L Sedan w/o quattro, .00175 and 48% for the 2003 A6 2.7T, .00165 and 47% for the 2003 A6 3.0L Avant, and .00165 and 44% for the 2003 A6 3.0L Sedan w/o quattro.

    As far as waiting goes, lease money factors definitely do not generally increase as the model year progresses. Vehicles' residual values do however gradually fall as the model year goes on, thus making vehicles with equivalent money factors more expensive to lease at the end of the model year than at the beginning. However, most manufacturers will increase their lease support on vehicles by lowering the money factors enough that they not only offset any sort of drop in residual values, but also often provide more attractive lease payments as the model year progresses. It is difficult to say what Audi will do with their lease program for the month of October, but I personally don't see how their money factors could get any higher than they are right now.

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  • chrish11chrish11 Member Posts: 28
    Hi Car Man,
    Would you please advise the money factor and residual for a 2003 Audi A6 Avant, 15k/yr and 36 months in Pennsylvania? Do the rates change for 39 months? Thanks!
  • taxattorneytaxattorney Member Posts: 4
    Thanks again Car_man.

    All the information you've provided is of great help. I hate to keep bugging you, but what's the 15K/year residual on that 3 year 2003 A4 3.0L Sedan w/o quattro lease? The .00185 money factor is attractive so I may go with that.
  • hicairahicaira Member Posts: 276
    Does the A4 3.0 Quattro Avant (6m) have the same money factor as the sedan? (in So Cal - 3yr/15k). It seems like Audi has a different money factor for all their models and trims. Oy, that's confusing.

    Thanks,
    HiC
  • ig1ig1 Member Posts: 2
    Car_man, do you have the latest number from BMW Financial Services for leasing a 2003 530i 15K miles/year, 36 months? I'm interested in the money factor, residual value, and acquisition fee. I'm in California if that makes any difference. Thanks very much in advance!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi chrish11. There sure are a lot of Audi fans in this discussion. I wonder if that has something to do with the fact that people who purchase them are educated consumers, or word of mouth, or just chance. Regardless, here is the answer to your question. If you were to lease a 2003 Audi A6 Avant through Audi Financial Services in the state of Pennsylvania this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00140 and 54%, respectively. The 39 month factor should be exactly the same, but the residual value would drop 2%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, taxattorney. AFS' September 3 year 15,000 miles per factor and residual for a 2003 A4 3.0L Sedan w/o quattro should be .00185 and 54%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    More Audis, huh :). HiC, Audi definitely has different lease parameters for all of their models and trim levels. At least right now there doesn't seem to be much in the way of regional variation in their 2003 model year lease program. Their 2002 model year program was the worst because in addition to the variation by trim level, they also divided the country into 6 regions, each with different lease money factors. Yikes! AFS' September 3 year 15,000 miles per base lease money factor and residual value for the 2003 A4 3.0 Quattro Avant should be .00280 and 57%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Good morning, ig1. If you were to lease a 2003 BMW 530i through BMW Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00265 and 60%, respectively. All leases through BMW FS should have an acquisition fee of $525. It was a good idea to investigate that charge, because if they realize that you know a vehicles' base money factor and will not allow them to mark it up some dealers will actually mark up the lease acquisition fee a couple of hundred dollars instead to bake additional profit into a deal.

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  • ogbuffguyogbuffguy Member Posts: 42
    what are the lease factors for a 03 passat GLS 4 cyl, 36 month/15k yr, thanks.....i just dont know what car to get, also you have the lease factors for an 03 4runner yet?? thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey ogbuffguy. Haven't made up your mind yet, huh? If you were to lease a 2003 Volkswagen Passat GLS 1.8T through VW Credit for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00165 and 57%, respectively. I have not seen the lease program for the 2003 Toyota 4Runner. It's not available at dealerships yet is it? When it is introduced, I assume that it will not have any sort of lease support available on it. So if you were to lease one through Toyota Financial Services, you would likely have to use their base standard lease money factor of .00250, but I don't know what this truck's residuals will be like.

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  • troyy2ktroyy2k Member Posts: 91
    I recently read that the Acura MDX has the highest residual value for any SUV in the US market. I would like to know what the lease figures are for a 2002 MDX TOURING x/ NAV, 36 moth lease with 2000.00 down.
  • mitchs3mitchs3 Member Posts: 68
    Thanks in advance for your help car man! What I am getting is a 2003 Honda Odyssey EX-L. I would like the residual value and money factors for both 3/36 and 4/48 leases and the standard acquisition fee from American Honda Finance since this dealer previously "baked" (as you put it) additional profit into my BMW lease by charging a higher Acquisition fee(725 instead of 525)Also do you think this is a good "lease vehicle" due to good resale/ residual historically?
  • clpurnellclpurnell Member Posts: 1,083
    Does AHFC have tiered lease rates depending on credit like MB or are they more similar to VW and if you qualify you qualify. Also what are the residual and MF for the Honda Pilot for 36 mo ant 15k.

    TIA
  • probertstxprobertstx Member Posts: 7
    Hi Carman Can you tell me if there is any lease support on the 2003 Grand Cherokee in Colorado at present? I'd be looking at both Limited and Laredo 4X4 models with the V8 engine. If you could give me numbers for a 36 month lease with both 12,000 and 15,000 miles per year I'd appreciate it. Any dealer cash out there? My wife wants to replace her Grand with another, and I know better than to argue!
  • jim52jim52 Member Posts: 161
    Can you give me the current residual % and money factor for a 36 and 39 month lease, at 12K miles per year, for a 2002 VW Jetta GLS 1.8T?
  • pkbimmerpkbimmer Member Posts: 3
    Hi carman and others: I am desperately seeking infomration on the following:

    BMW 325i
    Automatic Transmission + leather + premium package + sports package + xenon lights

    15,000 miles per year, 3 year lease

    One dealer said that the residual value is 59% and the money factor is 2.65, the other dealer said that the residual is 58% and money factor can be as low as 2.25%. I need your help. Thanks.
  • pkbimmerpkbimmer Member Posts: 3
    Also, I am in Fremont, CA (SF Bay area). Thanks.
  • bz1noxentbz1noxent Member Posts: 6
    Help! Very Badly! I need help!

    I am leasing a Toyota 4Runner 2000 Highlander Model. I signed the lease in January 2000 for $512 a month for 63 months. The residual at the end of the lease is $17K+. The pay off amount at the moment is $27523.96. I have currently 35,300 miles on the car and it's the only car that we have and I know I am going to incur more mileage than is allowed at the end of the term agreement. Looking at the figures, I am one of those who really had been "duped" into signing this outrageous lease. This is one of those "horror" tales you've been hearing and I have the lease agreement with me to fax to you if you need to see it. Back in the summer of 2000, I reported my leasing agreement to a consumer advocate TV program here in Southern California (KCBS2 Bogey's Corner) but they couldn't do anything about it since I already signed the lease. I went further and wrote the California State Department Consumer Complaints Department. Afterwards the Fleet Manager at Toyota called me and we agreed to a $4000.00 being given to me as a result of overcharging me on a lot of the items in the lease. The money offer was "appealing" at that time (March 2001). Who would not take it? I signed an agreement, taking home that $4K, and the agreement also states that I am barred from pursuing further claims on my lease. Now I realized I am still on the losing end of the deal.

    What are my options?

    bondi
    -trying to stay sane
  • clpurnellclpurnell Member Posts: 1,083
    Is the car a 4runner or Highlander those are two different cars. It is not as bad as it seems but you need to do something NOW! Your current payoff is 27k if it is a 4runner (what equipment does it have?) It could be worth 19-20k lets take the best scenario it is worth 20k. They gave you 4k right? do you still have this money? Right now it would seem like you are only 7500 upside down. If you put your 4k down you are only 3500 upside down. You can go pick another vehicle trade yours in put down the 4k and you should be able to lower your payment and get out of a 5yr plus deal. God that should be illegal what they did. but you signed the papers and now have to deal with it. Never lease longer than 36-48 months. And do not lease if you plan on going over mileage. I suggest you buy something that you can pay off in < 4yrs so this mess will be over and you can start new. I hope this helps.
  • bz1noxentbz1noxent Member Posts: 6
    That's a 4Runner 2000. I already spent the $4K. I needed that money for obvious reasons. What I didn't catch back then when the Fleet Manager called me was, I had the upper hand in changing the whole deal(lease). I wish I had posted my predicament here. Looking back, I could have changed the scenario, like informing the Fleet Manager a lawyer was waiting in the wings. I am considering your suggestion but it's really some big money involved coming out of my own pocket. The $4K is gone down the drain. My financial outlook has changed and it's harder to come up with the decision like you stated.

    My question, and again I don't wan't to belabor the point, can I pursue this thing in the courts?
  • clpurnellclpurnell Member Posts: 1,083
    When you took the money you signed a legal document stating you were entitled to nothing else for compensation. You are in a real bad situation legally unless you can prove you signed that under duress. Even if you can you would then have to give back the 4k they gave you. Sorry I can't be of more help. I do not see any way out of this deal for you. you should have just given the car back when you had them on the ropes before but hindsight is 20/20. best thing might be to keep it till lease end and pay any over mileage penalty you run into.
  • bz1noxentbz1noxent Member Posts: 6
    I could have waited a week to think it over, and could have eventually exposed the dealership's bad business practices. (A Ford Dealership here in SoCal had been investigated by the DMV for such illegal practices). The irony of it is, this Toyota dealership may have cleaned-up their act. I hope they did. But you'll never know. A call to the network news divisions, or a letter may somehow uncover... And I'm moving on.

    Thanks for the advise.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi troyy2k. Hondas and Acuras do tend to have strong residual values, especially the ones like the TL, new Accord, and MDX that are being very well received by the public. In answer to your specific question, if you were to lease a 2002 Acura MDX Touring (without Navigation) through American Honda Finance Corp. right now for 3 years with 15,000 miles per their base lease money factor and residual value should be .00220 and 58%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome in advance, mitchs3 :). If you were to lease a 2003 Honda Odyssey EX-L 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 .00230 and 63%, respectively. The 4 year numbers for an otherwise identical lease should be .00220 and 57%. AHFC's base lease acquisition fee for leases of any length is $550. Even though dealers aren't that flexible in terms of this van's pricing and Honda is not providing any sort of lease support on it, the Odyssey is actually a pretty good vehicle to lease because AHFC has very reasonable standard money factors and its residual values are outstanding.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Clpurnell, AHFC does not have a tiered lease rate system, like Mercedes-Benz Credit Corp. Either you qualify for their rates or you don't. Interestingly enough, you mentioned VW Credit in your post as a bank that does not have a tiered rate system, but this month they introduced tiered lease rates for the first time that I am aware of. In answer to your second question, if you were to lease a 2003 Honda Pilot through American Honda Finance Corp. this month for 3 years with 15,000 miles per, you would have to use their standard base lease money factor of I believe .00230. This truck's residual values for this term and mileage allowance should be 63% for the EX, 60% for the EX with Navigation, 61% for the EX with the Rear Entertainment System, 61% for the EX-L, and 63% for the LX.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello probertstx. Yes, DaimlerChrysler is providing lease support on the Jeep Grand Cherokee in your area this month. If you were to lease a 2003 Jeep Grand Cherokee Limited 4WD through Chrysler Financial this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00160 and 46%, respectively. The numbers for an otherwise identical lease of a 2003 Grand Cherokee Laredo 4WD should be .00120 and 47%, respectively. Leases with only 12,000 miles per year would have residual values that are 2% higher than the ones that I mentioned. In addition to these special lease money factors, DaimlerChrysler is also providing $1,500 lease cash that may be used to reduce this truck's capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jim52. I believe that Volkswagen has terminated their lease support on 2002 models. So if you were to lease a VW Jetta GLS 1.8T Sedan through VW Credit this month for 3 years with 12,000 miles per, you would have to use their base standard money factor of .00210 and a residual value of 54%. Their 39 month factor should be .00230 and the residual value would fall to 52%. They do have dealer cash on the remaining 2002s that can be used on leases though.

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  • jim52jim52 Member Posts: 161
    Do you know how much the dealer cash is on the 2002 Jetta GLS 1.8T?
  • clpurnellclpurnell Member Posts: 1,083
    What would the residual rates be for 42 mos on the EX pilots. does the money factor change at 42 mos?
  • probertstxprobertstx Member Posts: 7
    Carman, Thanks for the information...Is the lease cash available in addition to the customer incentives, or does it replace them?
    Thanks,
    Paul
  • chow3chow3 Member Posts: 37
    In advance for the following information. The wife thinks she wants out of the minivan, but still wants three seats. I would like lease info on The 2003 Explorer xlt with third seat, Expedetion value and popular and Tahoe with third seat(ls). Three years with 12k per year. South Florida, so 2WD please. Thanks Again
  • tblazer503tblazer503 Member Posts: 620
    Ouch... well, on the bright side, you are half way done with the contract... on the other.. you still got half to go...
    Sorry bro, looks like they got ya in a bad place... Wow, thats a 50k 4Runner now... hmm... if its a limited, then plausible, but probably coulda easily swung a 60 or 72mo loan for about the same...
    Thats why I don't want to lease.... too many gory details for me to worry about... just finance and if I get tired, no early termination fees, acquisition, blah blah... just "you are upside down" ... then "okay" hehe... =o)
    Wish ya luck man....
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello pkbimmer. I suggest that you work with the dealer that told you this car's lease money factor is .00225, because they were actually being truthful with you, unlike the other dealership that was trying to mark up your rate. This .00225 lease money factor on the 2002 BMW 325i should be available through October 31st.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Bondi. Since you have already taken a financial settlement and have signed a waiver stating that you are banned from taking any further legal action I am sorry to say that it is very unlikely that you will be able to get any more money out of Toyota or the dealership. Even though this is a very bad deal, I am surprised that you got anything out of the dealership at all. You should be commended for being persistent enough to get the $4,000, but the fact that you took it makes it very unlikely that you will be able to get any further relief on this deal.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jim52. I believe that Volkswagen was providing $1,250 dealer cash on the majority of its 2002 models. However, their incentives programs almost always expire at the end of each month. Please feel free to check back with me at the end of the week and I may be able to give you some of the details of their new October program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey clpurnell. As I may have mentioned to you earlier, Honda is not providing any sort of support on this truck right now. So if you were to lease one through American Honda Finance Corp., you would have to use their standard money factors. I have not seen AHFC's standard factors for the month of October, yet, but there is a good chance that they are the same as the ones that I gave you for September. Their 39 month factor would be exactly the same as their 36 month factor, but their 48 month factor (I haven't seen their 42 month number) should be .00010 lower. I have seen their new residual values for it. Their 39 and 48 month 15,000 miles per year residual values for the 2003 Pilot EX should be 62% and 56%, respectively.

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