Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Car_man
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Residual and MF for 2003 Infiniti G35 Sedan (leather), 36, 39 and 42 months, 12K/year.
2003 Nissan Maxima GLE, 36 months 12K/year
2003 Acura TL (non-nav/non-S type). 36, 39, 42, 48 months 12K/year.
Thanks a million.
Gregg
Car_man
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I do have one question. Your response indicates that the revised money factor will be .0001? Did you mean .001?
The factor I was quoted after the 5 security deposits was .00095 (based on December's numbers b/c I ordered the car on 12/30/02; Dec m/f was .00135, and with 5 sec deps came down to .00095 (first deposit does nothing to the money factor)). I am coming up with a final payment of around $435 (including 6% tax), while they are quoting me $455 (including 6% tax).
Here are all of the details again:
2003 BMW 330xi
MSRP: $38,320
Cap: $37,520
39 months
10,000 miles per year
No money down ($2500 in refundable securities)
My main concern was the $20 difference because, over 39 months, this comes to $780, which is just about the total of my remaining lease payments that they claim to be 'paying' for me.
Bottom line is I should be paying $435, not $455. I called the dealer and told them this and I am waiting for a reply. I will be faxing my lease calculation to them this evening.
Are my calculations correct? Also, was I right about the money factor thing (.001 vs .0001)?
Thanks again for all of your help!
Car_man
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I was a little nervous for a while when I saw that .0001!!
Talked to the dealership yesterday. Because they are making the remaining payments on my current lease, they were marking the money factor up to .00130. However, when I told them I was not happy with this, they agreed to bring the factor down to .00100 (my original quote, with 5 multiple secs, was .00095). The final payment I was quoted (and am now happy with) is $440.62 for 39 months, 10k per year. When I ran the numbers, I came up with $441.
So, to sum up, I am now convinced I am getting a decent deal, especially when I took a look at the Jan programs BMW has. No way I can get this type of vehicle for $440/mo. any other time of the year but December.
Again, thanks for all of your help Car_Man!
Car_man
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What methods are used to get the best deal and then walk out to pick it up later?
Thanks,
HiC
Car_man
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Thanks,
HiC
Any luck yet on the Highlander residuals?
Steve
Hi Car Man,
Would you please advise the MF & residual for 3 yr/ 15k mi/year in Pennsylvania for an Audi A6 Avant and a Saab 9-5 wagon in Linear/Arc/Aero?
Thanks!
Can you please give me the residual and money factors on the 2003 Jeep Liberty 2WD 3.7 6cyl 4A with 4 wheel anti-lock,6 CD, sunroof and security
using 15 miles for lease? Also, what is the change if I switch to a Sport? Thanks. Oh, let me add I'm in Southern California and am planning a 39 mo. lease
Gavin
That lease deal of under $300/month seems very inticing so could you give me the #'s for a 2003 GC Overland on 24 & 36 months with 15k miles per year for Chicago? Thanks Again.
Thanks for the wonderful service you provide. Can you give me the money factors and residuals for Mercedes E and S class vehicles for 36 and 48 periods?
Thanks.
Car_man
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Car_man
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Car_man
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If you were to lease a 2003 Saab 9-5 Linear Wagon through Saab Financial Services Corp. for 3 years with 15,000 miles per, their base lease money factor and residual value should be .00014 and 46%, respectively. The numbers for an otherwise identical lease of the 2003 Saab 9-5 Aero Wagon should be .00037 and 51% and of the 9-5 Arc Wagon should be .00028 and 48%. Saab is also providing lease cash on these wagons that may be used to reduce their capitalized costs. The exact amounts of this cash are $1,000 on the 2003 9-5 Arc Wagon and $2,000 on the 9-5 Linear Wagon.
Car_man
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Car_man
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Car_man
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Car_man
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I was looking at an E320 sedan or an S430 sedan with 12k/year on a 36, 42 or 48 month lease. I'm in Virginia if you need that. Also, could you provide the same for a Lexus LS430? I think they do a 39 month lease.
Thanks in advance!
I was curious if you see better lease info on the Lexus GX? In December for a 15K 48 Mo. Lease, it was .00230 and 49% residual. The money factor is good, but the residual I was hoping would improve. Any update would be appreciated. Thanks!!
thanks in advance
Car_man
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Last week you asked me to repost this message. I am curious about the MF and residual for a 3.0, quattro A4 sedan in NY for both 36 and 48 months, both at 10,000 and 12,000 miles.
Also, I am wondering how taxes and fees are handled under a lease if they are not paid up front. Presumably I get charged interest on these. Do I add them them to both the sale price of the car and the residual price and then figure payments in the usual way?
Thanks for your help!
Car_man
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As far as the 2003 Lexus LS 430 goes, if you were to lease one (non-Navigation, Non-Custom Luxury, Non-Ultra Luxury) 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 .00200 and 54%, respectively.
Car_man
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Car_man
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Car_man
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thanks in advance
I'm working on a lease on a 2003 Chevrolet Tahoe LT 2WD. Zip code: 30345
My credit score is 763 and I have two other leases with GMAC (current)
What can I expect for a residual on a 24 month lease. What is reasonable for a money factor?
Thanks!
Am I missing something?
Looking for the residual value and money factor for the new 2003 VW beetle convertible 12,000 miles/yr. for 60 months, and 48 mos.
Greatly appreciated
I'm in New York
Kelly
Tahoe 24 month residual is running 61% on the west coast, not sure about where you are. There are likely different lease incentives out here as well.
I've never had a problem before but I just had the question. I've always taken the incentive as I was not using the special financing rates.
Have you seen the rates for January for Acura TL (non-nav, non-s type)
36 months 12K miles
Res/MF and Bank Fee
and Maxima GLE
36, 39, 42, 48 mos 12K/year miles
Res/MF and bank fee
Thanks
Gregg
.ps I picked up that G35 Sedan- I am quite happy!!!
Thanks again for all your help. I'm looking for lease info for the following in zip 84105:
'03 A4 1.8 quatro with premium. 36 and 39 months with 15k/year.
'03 Passat GLS with leather. 36 and 39 months with 15k/year.
thanks,
Car_man
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Car_man
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Car_man
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Having said this, here is the information that you are looking for. If you were to lease a 2003 Volkswagen Beetle Convertible GLS 1.8T, neat car by the way, through Volkswagen Credit this month for 48 months with 12,000 miles per year, their base lease money factor and residual value should be .00240 and 49%, respectively. The numbers for an otherwise identical 60 month lease of this car should be .00290 and 43%.
Car_man
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Can you provide cost factors for leasing a 2003 MDX?
Interested in both a 36 and 48 month lease.
Also, impact for mileage, 12, 15, 18K
Thanks
I posted this message yesterday, but as it appeared in the middle of a long sequence of responses from you, I was afraid that you might not have seen it. It is copied below:
------------------------------------------------
Hi Car Man,
Last week you asked me to repost this message. I am curious about the MF and residual for a 3.0, quattro A4 sedan in NY for both 36 and 48 months, both at 10,000 and 12,000 miles.
Also, I am wondering how taxes and fees are handled under a lease if they are not paid up front. Presumably I get charged interest on these. Do I add them them to both the sale price of the car and the residual price and then figure payments in the usual way?
Thanks for your help!