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  • moelexxmoelexx Member Posts: 14
    Hello to all, I am turning in my Lexus lease on Saturday. It was a co-lease with my mom as the primary and I was the secondary. Do we both have to be there to turn it in or can I just turn it in myself? What if my mom is out of the country? Any help would be greatly appreciated.
  • borg1of2borg1of2 Member Posts: 90
    Car Man -

    I was looking at your quick lease estimate for the GX in post 5201. I have been playing with Lease Calculators and the numbers I am getting ar lower. What was the money factor you used and what was the residual? I am looking in the Orlando/Tampa area, sales tax is 7%. I also will need to bump up the miles to 15K per year and don't know how to factor that in. Can you help this lease novice?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, spatulaman. Interestingly enough after we last spoke, or typed I suppose, I looked into Audi's lease program on the TT. It appears as though they have not introduced the 2003 TT 225 yet. All of the 2003 TTs that are out there are 180s right now. Perhaps there was some sort of late intro for the TT 225s. I am sure that someone over in the TT discussions on the Convertibles Board would probably know. So for now I will provide you with info on the current lease program for the 1.8T Coupe and 1.8T Roadster. If you were to lease a 2003 Audi TT 1.8T Coupe 2WD through Audi Financial Services right now for 2 years with 15,000 miles per, their base lease money factor and residual value should be .00220 and 64%, respectively. The numbers for an otherwise identical lease of a 2003 TT 1.8T Coupe with quattro should be .00240 and 67%. The numbers for an otherwise identical lease of a 2003 TT 1.8T Roadster 2WD should be .00220 and 67%. Last but not least, The numbers for an otherwise identical lease of a 2003 TT 1.8T Roadster with quattro should be .00210 and 66%. As far as the 3 year 15,000 miles per numbers go, all of the money factors would be exactly the same but the residual values would drop to 57%, 60%, 59%, and 59%, respectively.

    Balloon notes are more popular in your neck of the woods than they are in the majority of the country. Interestingly enough, Audi is actually pushing balloon notes in the Northeastern U.S. this month. Now normally I don't track balloon note programs because they really are not all that popular with consumers and only account for a tiny fraction of the deals that are made each month. However, since Audi is pushing balloon notes this month, I decided to look into their December program. If you were to enter into a Premier Purchase contract aka balloon note through Audi Financial Services this month, their base interest rates should be 5.55% on the 2003 TT 1.8T Coupe 2WD, 5.99% on the TT 1.8T Coupe with quattro, 5.55% on the TT 1.8T Roadster 2WD, and 5.35% on the TT 1.8T Roadster with quattro. The residual values for balloon notes are the same as Audi's lease residual values.

    Happy Holidays,

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Seasons Greetings, chrish11. I would be more than happy to help you out. If you were to lease a 2003 Audi A6 3.0 Avant through Audi Financial Services this month for 3 years with 15,000 miles per, their base lease money factor and residual value should be an attractive .00100 and 53%, respectively. Audi did have some close-out cash on 2002 models, but they are not providing any cash incentives on any 2003 models right now that I am aware of. If you decide that you do not want to lease, they do have a relatively attractive special financing program on the A6 that provides 1.9% financing for up to 36 months and 2.9% for 37 to 60 months.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome aboard, worcesterpc. I would be more than happy to give you an idea of what Honda's lease program is currently like on the 2003 CR-V. However, first, I am going to need you a little more information from you. How long do you want to lease this SUV for and how many miles per year do you need? Once I have this information I should be able to help you out. For now, I can tell you that Honda is currently not providing any sort of incentives on the 2003 CR-V. So if you were to lease one through American Honda Finance Corp. this month, you would have to use their standard lease program, which actually is not that bad. Just a little heads up, rumor has it that Honda is planning on introducing sub-4% special financing (not lease) rates on the majority of its 2003 models today. If this turns out to be the case, you may want to think about financing your CR-V instead of leasing it. Well, get back to me with the additional information that I need. Talk to you soon.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey moelexx. Although lease return procedures vary from bank to bank, I personally doubt that both people who are on the paperwork for your leased vehicle need to be present when you go to return it. Check with the bank that you are leasing it through directly, likely Lexus Financial Services, to be certain though.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi borg1of2. I used a 4 year base lease money factor of .00230 and a 12,000 miles per year residual value of 51% to calculate the sample lease payment that I provided in that particular post. If you wanted to lease the 2003 GX470 through Lexus Financial Services for the same term, but with 15,000 miles per year its residual value would drop to 49%. For more information on how to calculate lease payments, I suggest that you check out the following post that I made a while back: Car_man "The Return of "How to Calculate Monthly Lease Payments"" Jun 28, 2001 6:15pm . Enjoy and please let me know if you have any other questions.

    Car_Man
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  • spatulamanspatulaman Member Posts: 157
    Bravissimo! Encore encore! Thanks for all the info. That's odd that you don't have any info on the 225s yet...an Austin dealer I spoke with earlier this week claimed to have an '03 black/black 225 quattro coupe. The residuals he quoted me line up exactly with your figures...although his MF is *double* what you quoted me.

    You weren't possibly confusing output and displacement, were you? All the TTs have 1.8L engines...the 225hp unit has dual intercoolers, and some other tweaks that the 180hp doesn't have.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks, spatulaman. I think that I see where the confusion came in. It appears as though for the 2003 model year all of the quattro TT models have the high output turbo engines that produce 225 horsepower and the 2WD versions all have the regular 4-cylinder turbo engines that only produce 180 horsepower. Audi used to produce a TT quattro coupe that only had the 180 horsepower engine so they would call the high output models TT 225 and the regular 4-cylinder turbo models TT 180. Now they just call all of them TT 1.8T Coupe or Roadster and indicate whether they come with or without quattro. Sorry for the confusion. Either way, the numbers that I provided you with are still correct. Let me know if you have any other questions and if I don't speak with you have a great weekend.

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  • borg1of2borg1of2 Member Posts: 90
    Car Man.

    Thanks for the guidance. Without having direct knowledge of what money factor to use, I seem to see the amount you used as fairly competitive. Is that number from Lexus, or is there better out there?

    Next question - You used 51 and 49% as your residual number. I looked back at my first lease with Lexus, an RX in '98, and it appears they gave me a 60% residual. This change in residual really affects the lease payments. Have things changed with the GX or is it that it went to 48 Months compared to my RX lease which was 39?

    Thanks again for the help!!
  • clpurnellclpurnell Member Posts: 1,083
    Car_man looking to make a purchase this weekend and wondering if you could help me out with 36 mo 12k per anum numbers on the following vehicles. Also on the ford's if there is any lease cash available.

    Honda Oddy EX (Cloth)
    Honda Pilot EX (Cloth)
    Ford Expediton XLT Popular
    Ford Explorer XLT
  • borg1of2borg1of2 Member Posts: 90
    I just got an email response from a Lexus dealer and his lease price was $866.55 plus 7 per cent tax for the 48 Mo, 15K per year lease. That was on a fully loaded vehichle, which I don't want, but it seems really high. They did not provide details on the residual and money factor. Any advice would be appreciated.
  • jagzbimmerjagzbimmer Member Posts: 17
    Hello Car_Man.

    Took a look at a BMW 325xi today and here were the numbers I was given:

    36mo., 10k yr.
    Residual: 62%
    MF = .00215 (.00195 w/ 3 ref sec deps.)
    Cap Cost = 32,600 (31,600 with cap cost red)

    I know it is usually not good practice to put any money down on a lease, but I am considering putting 1k down along with the 3 sec deps. Total out of pocket will be $3500 (cap cost red + 3 sec deps + fees). I will get $1302 back at the end of the lease. The monthly payment (with NJ tax) comes out to $434.

    Does this sound like a good deal? My goal was to get as close to $425/mo as possible, but I also don't want to pay higher than I should be.

    Also considered the 330xi, but, even with the extremely LOW MF, it's impossible to get the payment anywhere near $425.

    Your help is appreciated.

    P.S. Should residual value for 10k lease be slightly higher than the 12k or are they the same? If they are the same, I should just go with the 12k. I would think there should be a slight difference.

    Thanks.
  • jagzbimmerjagzbimmer Member Posts: 17
    Car_Man,

    One other note about the lease: The dealer is willing to end my lease early once the car arrives in March. There will be 4 remaining payments at 188/mo. and a 300 lease end charge. The dealer is not rolling any of the old lease charges into the new one.

    Seems Dec is a great month for car buying, as I don't think I could get this type of committment at any other time of the year.

    Thanks again!
  • bradlake1bradlake1 Member Posts: 48
    HI Carman:

    I saw in a previous posting that Audi is offering attactive lease rates on a A6 Avant 3.0. Can you share with me if the rates would be the same for a A6 3.0 sedan quattro? I live in Atlanta and would be interested in 12K for 36-39 months.Thanks!!
  • clpurnellclpurnell Member Posts: 1,083
    It is ok to skip my post about the Honda's and Ford's. I took advantage of Honda offering 3.49% and bought an Odyssey. Thanks anyway :)
  • dealmkrjjddealmkrjjd Member Posts: 32
    Car_man:

    Can I get the following for a 2003 allroad with 15k a year/3 year lease in Illinois:

    Money factor
    residual
    any fees, ie aquisition, disposition etc.
    Thanks,
  • troyy2ktroyy2k Member Posts: 91
    I would like to know if Nissan Motor Acceptance Corp. assigns a lower residual value to front-wheel-drive models than they assign to AWD models. Also, is the residual value lower for Muranos equipped with navigation?

    Additionally, in a prior post you had mentioned that for a 39 month lease with 15,000 miles per year, their base lease money factor and residual value should be .00251 and 54%, respectively. What would be the money factor and residual for 12,000 miles per year? Thanks Carman.

    (I am considering a 39 month or 36 month lease, 12K/year).
  • wiz3wiz3 Member Posts: 1
    I have a Jeep Grand Cherokee with 4 months left on a 3-yr lease. It has 40,000 miles and badly needs new tires. My question is: Do I have to replace the tires with the same type that came with the car or can I get different (cheaper) tires?

    TIA
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey borg1of2. Any numbers that I provided you with or used in my calculations come directly from Lexus Financial Services. It's difficult to say if there are any banks out there that have a better program on the GX 470 than LFS' current unsupported program, but I would tend to doubt it. The dealership that you are working with should be aware of any superior programs if they exist.

    There are two reasons why the residual values that Lexus is using for the GX 470 now are lower than the residuals that you received when you leased your RX a few years ago. The first reason is that you are leasing this truck for a longer term. The longer you lease for, the lower your vehicle's residual values will be.

    The other reason is that over the past year or two banks have significantly realigned their residuals. It turns out that a lot of banks were significantly over estimating vehicles' residual values and realizing tremendous losses when these vehicles were returning from leases and heading off to auction. As a result, banks' residual values are significantly lower today than they were several years ago.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey clpurnell. Let's take a look at the vehicles that you are interested in. Let me begin by saying that Honda just introduced an interesting incentives program on all of its 2003 models. If you finance any '03 Honda through American Honda Finance Corp. prior to I believe January 2nd, you can finance it at 3.49% for up to 60 months. This program includes both the previously unsupported Odyssey and Pilot. This is probably the direction that I would go if I was interested in either of these two models. As far as leasing goes, if you were to lease a 2003 Honda Odyssey EX without leather through AHFC this month for 3 years with 12,000 miles per, their base lease money factor and residual value should be .00230 and 65%, respectively. The money factor for an otherwise identical lease of a 2003 Honda Pilot EX without leather, navigation, or the rear entertainment system should be the same, but the residual value would be 63%.

    Now for the Fords. Please keep in mind that Ford's lease program often varies depending upon what part of the country one is in. For now I will provide you with what I believe to be their most widely available program. If you were to lease a 2003 Ford Expedition XLT 2WD through Ford Motor Credit this month for 3 years with 12,000 miles per, their base lease rate and residual value should be 7.25% and 53%, respectively. This truck is also eligible for $1,000 bonus cash in most areas that may be used in conjunction with their lease program.

    If you were to lease a 2003 Ford Explorer 4-Door XLT 2WD through Ford Motor Credit this month for 3 years with 12,000 miles per, their base lease rate and residual value should be 3.50% and 46%, respectively. In addition to this special lease rate, Ford is providing $1,000 lease cash on 4-Door Explorer models in most areas.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jagzbimmer. Let me begin by saying that the dealership that you are working with quoted you an accurate lease money factor for this car. It is good to see that they are not trying to mark up BMW FS' base factor in an effort to make additional profit to your deal.

    As far as the down payment goes, if you have the money to put $1,000 down on this car, why not just make 2 additional security deposits, you should be able to make up to 9 total deposits, in order to further buy down the money factor? Doing so will enable you to reduce your car's monthly payment and still get your money back at the end of your term. This is definitely what I would do if I was in your situation.

    In order for me to provide you with an estimate of what this car's monthly lease payments should be like, I am going to need you to tell me what its full MSRP is. Once I have this additional information I should be able to help you out. Even without this figure I can tell you that the lease payment that you were quoted seems very reasonable to me.

    In answer to your last question, BMW Financial Services' residual values for vehicles leased with 10,000 miles per year should be 1% higher than those leased with 12,000 miles per year.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Ha! I am glad to see that you took advantage of this great offer, clpurnell. I recommended it in my now obsolete post :). I would have done the exact same thing if I was in your shoes. Enjoy your new ride!

    Car_man
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  • jagzbimmerjagzbimmer Member Posts: 17
    Thanks for the info, Car Man.

    The full MSRP on this car is $33095.

    I will also need to mention the residual value percentage error to the dealer (if it is, in fact, an error ) b/c they told me it was 62% for this car, but I read somewhere on this board that 62% was for 12k per year. I want 10k/yr.

    Also, note the fact that they are taking my current lease off my hands (it will have 4 remaining pmts at $188 plus a $300 disposal fee) once the car comes in.

    Thanks again!
  • jxlxrjxlxr Member Posts: 61
    Do you think that there is any advantage to lease by year end or soon after versus further along int he year in terms of residuals? I have 2 cars to lease in the next few months and while I can wait, will the waiting offset leasing a car if residuals are dropping?

    The cars I am considering are all high residual cars such as the Accord, Pilot, and 4Runner.

    Thanks and have a nice holiday.
  • clpurnellclpurnell Member Posts: 1,083
    Thanks anyway. With That low of an interest rate on what is still a pretty hot vehicle it was a no brainer. You provide a wonderful service thanks again and have a Happy Holidays!
  • gteach26gteach26 Member Posts: 576
    Car_Man, I just stumbled on to this board and can see what a tremendous asset you are to the folks in here. I want to lease an '03 LX470 39 months/39K miles. What would be the numbers for that truck? (Negotiated cap cost of $59,000/6.5% tax-- can you give me a monthly payment?)Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Happy Holidays, bradlake1. Yes, the lease money factors and residual values for a 2003 Audi A6 Sedan with quattro should be exactly the same as the numbers for the 2003 Audi A6 Avant if you were to lease both of them through Audi Financial Services. I don't know which specific post of mine you are referring to, but as long as I made it after November 7th, Audi's lease program should be the same. Please let me know if you need any other information.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi dealmkrjjd. I would be more than happy to help you out. If you were to lease a 2003 Audi allroad through Audi Financial Services for 3 years with 15,000 miles per prior to January 7th, their base lease money factor and residual value should be .00200 and 59%, respectively. As far as Audi Financial Services fees go, I believe that they currently have a lease acquisition fee of $575 and a lease termination or disposition fee of $350.

    This is a reasonable money factor, but if you are looking for the lowest rates on this car you can take advantage of Audi's special financing program. Right now they are offering consumers who sign conventional finance contracts through AFS special interest rates of 1.9% for up to 36 months and 2.9% for 37 to 60 months. Good luck in your search for a new car and please let me know if you have any other questions.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Seasons Greetings troyy2k. Actually, the AWD versions of the Nissan Murano have higher residual values than the 2WD version does. As far as vehicles equipped with Navigation go, banks usually assign residual values that are 1% to 2% lower for Nav-equipped models. However, I have not seen any mention of Nissan Motor Acceptance Corp. requiring such a deduction and a Murano with Nav may have the same residual values as one without. You will need to check with the dealer that you are working with to find out for certain. If you were to lease a 2003 Murano through NMAC this month for 36 or 39 months with 12,000 miles per year instead of 15,000 miles per, the only difference in the lease program is that its residual value would be 1% higher than the one that I posted earlier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi wiz3. I unfortunately do now know the exact answer to your question. Every bank has different rules as to what they consider to be appropriate replacement equipment for their leased vehicles. I can make an educated guess as to what you probably are allowed to do though. Assuming that you are leasing your Jeep through Chrysler Financial, I just took a look at their lease agreement. According to the contract "You agree to pay for all operating costs including, but not limited to gas, oil, antifreeze, parking fees, inspection and certification fees, fines, towing, and replacement tires." So as you can see even though they do require you to keep decent tires on your vehicle in this part of the agreement that you signed they never specify that any replacement tires must be the same as the ones that the vehicle came with. If I had to guess, I would think that you could indeed replace your Jeep's tires with a different brand, as long as you are consistent in replacing all of the tires with similar ones. As a side note, Chrysler Financial stipulates in their contract that tires that "have less than 1/8 inch tread" must be replaced prior to returning your truck. If your tires meet this standard then they may not need replacement at all.

    Car_man
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  • jagzbimmerjagzbimmer Member Posts: 17
    Hello again, Car_Man.

    Earlier, I had posted some info regarding a 325xi lease. After some more investigating and inquiring, I have determined that I can get the 330xi for almost the same payment per month with the same amount I was going to put toward the 325xi. Here are the particulars of the deal I am going to get. Let me know what you think:

    2003 330xi
    AUTO Trans

    36 mos., 10k/yr.
    MSRP: $38,320
    Cap Cost: $37,520
    Cap Cost Red: $0
    Ref Security Deps: 5 ($2,500 total)
    Fees: $1,243 (1st mo., bank fee, MV fees)
    Total out of pocket: $3,743
    Residual: 62% ($23,758)
    Final Money Factor: .00085

    Monthly Pmt (incl NJ tax): $455.62

    This deal also includes the dealer picking up the final 4 payments on my current lease ($752 total) when the car arrives.

    How does this deal look? If all looks OK, I plan on placing my order on 12/31, with a delivery date of 3/1 (prices are good for 60 days w/ BMW).

    Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional information, jagzbimmer. OK, let's play with some numbers and see what we come up with. According to my calculations, if you were to lease a 2003 BMW 325xi through BMW Financial Services this month for 3 years with 10,000 miles per, your zero down, pre-tax monthly lease payment should be right around $441. If each additional security deposit reduces your vehicle's lease money factor by 0.0001 like I suspect, 2 additional security deposits (3 total) would reduce your car's monthly payment to around $431, 2 additional security deposits + $1,000 down like you mentioned in an earlier post would reduce your payment to $401, and 4 additional security deposits without any down payment like I suggested would reduce your car's payment to around $420, but you would get the $900 in deposits back where you wouldn't have gotten the $1,000 back. If you divide the $1,000 down payment by the 36 month term then you actually would be spending a total of $429 per month with the $1,000 down payment plus you risk losing it completely if your vehicle is stolen or totaled in an accident.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jxlxr. It is difficult to say what banks' lease programs will be like after the new year. Of course vehicles' residual values are almost certain to fall, but depending upon what vehicle you are interested in many manufacturers will increase their lease money factor or lease cash support enough to make up for this drop, sometimes even more so. Unsupported vehicles, like the ones that you mentioned in your post will almost certainly be slightly more expensive to lease in January than they are now. This is true because their residual values will be lower, but also because dealerships are usually relatively slow in the week or two heading up to Christmas and are willing to cut some pretty lean deals that you may not be able to match once the new year rolls around.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, clpurnell. I definitely think that you made the right choice. Happy Holidays to you as well!

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome aboard, gteach26 (or should I say "a board." Get it, message board. :) I know it was bad). OK back to business. You're in luck, Lexus is running their special December to Remember promotion which provides special lease money factors on just about every model. If you were to lease a 2003 Lexus LX 470 without Night View and without the rear entertainment system 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 .00205 and 54%, respectively. I would be more than happy to give you an idea of what the monthly lease payment should be like for this truck, but first I am going to need you to provide me with its full MSRP in addition to the information that you have already posted. Talk to you soon.

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  • footiefootie Member Posts: 636
    Hi Car_Man,
    Best wishes for a great holiday and new year. Thanks for your services.

    I've been sniffing at a RX 300 AWD no Nav. What are the LFS MF and Residuals between now and year end for 48 month and 60 month lease terms.

    Are they reducing the normal security deposit and acquisition fee during the December to remember event.

    Thank you!
  • bustagroovebustagroove Member Posts: 3
    Please see my cross-post here ... bustagroove "Negative Equity In Bank Financed Lease" Dec 24, 2002 8:40pm
  • gteach26gteach26 Member Posts: 576
    MSRP of the LX with Levinson audio is $64980.
  • jhk_dbjhk_db Member Posts: 25
    Please let me know the base lease money factor and residual value for the '03 4Runner Limited with the V8 engine and option package #1. Also, do you know if Toyota/Lexus has any special deals where they would let me out of my RX300 lease 5 months early (w/o penalty) if I then lease the 4Runner. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey jagzbimmer. The 330 definitely has an attractive lease program available on it right now, so I can see why you would be interested in switching to it. As far as the price goes, it looks as though you are getting a reasonable deal, especially when one take the fact that the dealership that you are working with is paying $752 to get you out of your current lease. Again, the lease money factor that the dealership is using to calculate your monthly lease payment is right on the money, but with only 10,000 miles per year I still think that BMW FS' residual value for a 3 year lease of this car should be 63% (60% base 15,000 miles per year residual value + 3% for only 10,000 miles per year) and not 62%. Using these numbers for a 36 month BMW FS lease of this car, I come up with a zero down, pre-tax monthly lease payment of around $424. You definitely should look into this residual value issue because it makes about a $10 per month difference in this car's lease payment. Other than that, your deal looks great.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Happy Holidays to you as well, footie. Let me begin by saying that you are looking at some very long lease terms for this truck. You would be much better off leasing one for 3 years or 39 months because this is where Lexus Financial Services is offering their most attractive lease money factors. The longest that I would lease this truck for is 4 years, because that is where their bumper to bumper warranty coverage on it ends. If you lease it for more than 4 years and something goes wrong with it, you are responsible for paying to fix it out of your own pocket. If you don't you could have to pay a penalty at lease-end for excess wear and tear. Furthermore, imagine how far over your truck's allotted mileage you could go in 5 years if your life changes and you are forced to drive more than you had anticipated. You could end up paying thousands of dollars in excess mileage fees on a truck that is 5 years old, yuck.

    Please let me know if you are still interested in leasing this car for this long and if so how many miles per year you need to be able to drive and I will provide you with the information that you are looking for. Talk to you soon.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi bustagroove. I responded to your post in the other discussion that you made it in. Please check there for my response. Thanks.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, gteach26. Thank you for the additional information. OK, according to my calculations, if you were to lease a 2003 Lexus LX 470 without Night View and without the Rear Entertainment System (MSRP: $64,980 Cap Cost: $59,000) through Lexus Financial Services this month for 39 months with 12,000 miles per year, your zero down, pre-tax monthly lease payment should be right around $806.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Seasons Greetings, jhk_db. Toyota is not currently providing any sort of lease support on the 2003 Toyota 4Runner. So if you were to lease one through Toyota Financial Services this month you would have to use their standard lease money factors. Unfortunately, I don not believe that Toyota is running any sort of early lease termination program that would allow you to get out of your current Lexus lease several months early for free. If you were to try to get out of your current lease this early, you are likely going to end up losing money. I would personally wait to get a new 4Runner if I was in your situation. The deals on them are only going to get better as supply catches up with demand and we move farther away from snow season. If you would still like me to give you an idea of what the money factor and residual value should be like for this truck right now, I am going to need you to tell me how long you plan on leasing it for and how many miles per year you need to be able to drive it without having to pay a lease-end penalty. Once I have this additional information I will be able to help you out.

    Car_man
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  • icdchessicdchess Member Posts: 83
    Hi Car_Man,
    Happy Holidays....
    Looking at a 2.5 or 3.0 X-type, 36 months, zero down, 15,000 miles per year, tax up front. Wondering what current money factors and residuals are. I'm in New York. Thanks a bunch! Any idea if numbers will change in January?
    Steve
  • gteach26gteach26 Member Posts: 576
    Thanks for the LX470 info Car_Man -- you the man! Can I bother you for one more (last one I promise!!!!). 2003 Lincoln Navigator Ultimate 4x2 with navigation,chrome wheels: MSRP: $53,970 Cap Cost $51,000 24 Month Lease, low mileage lease 21,000 miles. What's the monthly payment you get on that? (I can't find 24 month residuals anywhere!!)
  • footiefootie Member Posts: 636
    Thanks Car_Man.

    I agree you are right. 48 mos is the highest.

    What are the MF's, Residuals for Massachusetts for 48 months.

    How do they differ from the 'better ones' at 39 months?

    Thanks again
    Footie
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Happy Holidays to you as well, Steve. Jaguar's current lease program is scheduled to run through January 2nd. I am almost certain that they will have new money factors and residual values on the majority of their vehicles starting January 3rd, but it is difficult to say what their new program will be like. If you were to lease a 2003 Jaguar X-Type 2.5 through Jaguar Credit for 3 years with 15,000 miles per prior to the end of their current program, their base lease money factor and residual value should be .00200 and 53%, respectively. An otherwise identical lease of a 2003 Jaguar X-Type 3.0 would have a factor and resid of .00099 and 53%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, gteach26. Please keep in mind that Ford Motor Credit's lease program often varies a little bit depending upon what part of the country one is in. For now, I will provide you with a sample lease payment based on what I believe to be their most widely available program is like. If you were to lease a 2003 2003 Lincoln Navigator Ultimate 4x2 (MSRP: $53,970 Cap Cost $51,000) through Ford Credit this month for 2 years with 12,000 miles per, your zero down, pre-tax monthly lease payment should be right around a whopping $976! Lincoln did introduce $1,000 dealer cash on 2003 Navigator Luxury and Premium models this month that I believe may be used in conjunction with their special lease program. Make sure to take this cash into account when negotiating the capitalized cost of the truck that you are interested in. Also, I believe that in many parts of the country, Ford is running a promotion where they will waive consumers' first month's payment (up to $750) on Ford Motor Credit lease and finance contracts.

    Car_man
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