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Car_man
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I'm still shopping the Saab 9-3. Can you give me the money factor and residuals for both the Arc and Linear, 36 mo, 15K per, for the month of April? Also, what is the GM rebate on these models and is the rebate available with a lease?
Thanks.
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Steve
0 down payment,550 acquisition fee, and taxes rolled into the lease, I came up with around 380/month. If you have time could you tell me if the figure is accurate based on the given numbers above. If you can't do the whole calculation, the RV and MF would be sufficient.
Thanks Again, Lou!
Could you provide the current residual value and lease interest rates on a '03 Ford Expedition, Eddie Bauer, 4x4, in the state of IL. I'd like to know for both 12xxx and 15xxx over a 36 month lease.
Also curious if that RV is negotiable with the dealer. I plan to purchase using the X-Plan, so I'm trying to figure out what I can or can't expect to be charged in fees and what all is really negotiable. The dealer I've started talks with seems VERY willing to deal right now.
Thanks for your help!
Steve
Not sure where you all live but the incentives on West Coast are as follows
$2000 Dealer incentive (not customer rebate) on 2003 S-Types with the either the
v6/manual combo or the Sports package(only the old style with the grey wood).
$2000 Dealer incentive for X-Type with Manual transmission OR with the old style
sport package.
Ideally it would be an online link that is no charge.
Thanks -
lease quote. The dealer gave me a quote of $225 for a '03 Civic EX w/ side airbags with $935 down (tax rolled in)
When I added the numbers he told me that there is tax on the bank fee:
> the bank fee of $550.00 is taxes upfront and is not factored. ($47.37)
When I multipled the BF by my NY Tax rate 8.25 it equals 45.38.
Bank Fee $550.00
Tax on Bank fee 8.25 45.38
DMV (Plates) $112.00
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707.38
1st month DownPayment $205.00
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Total Down 912.38
In every calculator I've seen Bank Fee is a Fee and NetCap = DealerQuote + fees - credits
Does Netcap = DealerQuote + BankFee? + Tax on bank fee? + plates? -DownPayment?
Or are BankFee + Tax on bank fee not considered a fee and do not affect NetCap?
Also is the bank fee tax also rolled into the monthly payment?
At this point I'm truly at a loss. Help
Avi
I need a better reference for residuals.
Any suggestions for a reference ??
From what I've picked up, each lender/lessor sets their own residual values and for their own reasons. Best prediction about average retained value however far into the future and after however many miles is just one influence or factor. Set artificially high, residuals can move cars that are in over supply, for example.
Car_man
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I am surprised that the residual value is so low, almost like it is an american car
Do you have April mf and rv for Infinity G35 sedan manual trans, 36 months 15K miles/year?
Wanted to close something last weekend, but couldn't find the right inventory - guess not too many want sport sedans stripped with manuals. Both 3 series and G have that problem.
Oh well, and thanks a million,
Squirrel
36 mo / 12k miles/yr
MSRP 34595
Dealer giving $1000 off MSRP
I'm planning for total $1500 out of pocket, which includes 1st payment.
To get the cap cost, they subtracted their $1000 disc, and my 1009.86 down payment. Then added in 3% Virginia tax ~$1038, $525 Acq Fee, $399 Document Fee, $38.50 DMV fee. This gives a cap cost of $34635. Residual is $21103. That makes depreciation $375.88/mo. They quoted a rate factor of 0.00205 because they "waived the security deposit." Otherwise it would be 0.0019. That sounded a little weird to me. I told them that I thought others were getting 0.0015 and they told me the rates are set by BMW Finance. Does that sound right? That makes for $114.26 interest/mo for a total payment of $490.14. Also, is it right that they are charging me 3% VA state tax on the full cost of the vehicle? I had thought that the 3% would just be added to each lease payment. Does it sound correct to pay tax on the full cost of the vehicle? If I find myself with an extra 1K prior to signing the papers, I'll put that to reduce the cap by another 1k which should bring payments to $460 (then I won't be paying interest on the fees over 3 years). Thanks for any advice!
I've got a quote for a 2003 RX300. Please let me know what you think:
Millennium Silver
AWD 4dr
Premium Plus Value Pkg with Electorchromatics
HID Headlamps
Rear Spoiler
Wood and Leather Steering
Cargo Mat
Accessory Crossbars
Wheel Locks
Cargo Net
MSRP 40,431 (including $575 Destination)
Invoice $35,360 (including $575 Destination)
TMV $36,600 (including $575 Destination)
Negotiated Cap Cost $36,609
No cap cost reduction
Dealer pays half bank acquisition fee ($300)
39 Month lease
12K Miles
Residual value $21,024
MF .00131
Monthly Payement $498 INCLUDING sales tax
Please advise, and thanks much for your time!
I have a 98 Toyota Corolla with 84K miles and $3 grand in overmileage I owe when I return it in 2 months. The car has a residual buy of $8,000 at 1.9% though KBB says it is worth $4000.
I want to purchase, not lease my next car.
How do I minimize the loss on the lease when I go to buy another car?
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Yes, I would very much like to know the details of the new Jaguar incentives. In my case 2.5 or 3.0, 36 months, 15,000 miles. Thanks again!!!
Steve
I found this deal, where you can lease a Ford Mustang or Ranger for $5 day. It looks like you have to put down about $3K up front.
I would like to know if this looks like a decent deal. Please make me aware of any potential "gotchas" when it comes to leasing and any questions I need to get answered before I go to the dealship.
Thanks
http://www.new-cars.com/incentives/ford-rebates.html
I recently was looking around at a 2003 Taurus SES with the following options:
Leather
Power Pedals and Drivers seat
CD-Player
Alloy Wheels
Heated Front Seats
Base 3.0 V6
MSRP: 21k or so
The lease I got was as follows:
$0 Down, with first months payment and security deposit due at signing.
36 months
12,000 miles per year
$.15 per mile over that
Monthly payment: $260 and change
How did I do?
Thanks.
AS
Nicole
As far as this car's tax goes, states calculate tax on leased vehicles differently. I wouldn't worry about them calculating the tax on your leased car incorrectly. They obviously lease vehicles all of the time and know what they are doing. It would be a major violation for them to intentionally overtax consumers.
Finally, as far as the down payment that you are considering making goes, I personally would not do it. I usually advise consumers to lease with as little money down as possible. Consumers almost always can lease vehicles without making any down payment at all. The problem with down payments on lease vehicles is two-fold. One is that if your vehicle is stolen and not recovered or totaled in an accident during your lease term your insurance company pays off the bank that you are leasing through and your down payment essentially disappears. The second problem is that down payments on leases do nothing to establish any equity. So if you were to make a $10,000 down payment on this vehicle or no down payment at all, its lease-end purchase price would still be exactly the same.
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Can you give me the lease numbers for a 2003 Toyota Prius. MSRP = 20,980; negotiated price = 18,500. I'm in N. Virginia and would like a 3 year 15k/year lease. Is Toyota offering any good lease plans now?
Thanks for the great service you provide!
Car_man
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EX with 12,000 miles for both 36 and 48 months
also if you have it for the LX model with the same specs, that would be great.
Thanks!