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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, tuneful. I am glad that I was able to help you out.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello clone2. I would be more than happy to give you an idea of what Mazda's current lease program for the 6 should be like right now. However, first I am going to need you to tell me how long you plan on leasing this car for and how many miles per year you need to be able to drive without having to pay a lease-end penalty.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi safari_in_cali. Most European luxury manufacturers base their advertised lease payments on 10,000 miles per year so that they can entice consumers a low monthly lease payment. BMW does not have a set rate that they charge consumers to increase vehicles' mileage from 10,000 miles per year to 15,000 miles per year, but rather it affects the way that the monthly payment is calculated. Vehicles leased through BMW Financial Services with 15,000 miles per year have residual value percentages that are 3% lower than vehicles leased through BMW FS with only 10,000 miles per year. I would be more than happy to give you an idea of what that translates to in terms of your car's monthly payment if you let me know what the MSRP and selling price of the car that you are interested in is like.

    As far as the down payment goes, consumers can always lease any vehicle without making any sort of down payment. In fact, it is to your advantage to do so. The reason why most manufacturers advertise leases on vehicles with down payments is again to entice consumers with low monthly payments. BMW almost always advertises vehicles with $2,500 down. You definitely should lease the car that you are interested without putting any money down. Of course, doing so will result in a slightly higher monthly payment.

    If you have the option to pay the tax on your car at lease signing, rather than to bake it into your monthly payment you can reduce the amount of money that you spend over the life of your lease by not paying interest on the tax.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi hcagan. I would be more than happy to help you out. However, first I am going to need you to tell me how long you are interested in leasing for.

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  • benji123benji123 Member Posts: 104
    Hi Car Man,

    Could you please give me all the lease numbers for the 2003 Volvo V70 T5 Auto Wagon? I'm interested in 12,000 miles per year for either 2,3, or 4 years, depending on which is the best deal. I'm in Southern California, if that helps. Thanks!

    Ben
  • hcaganhcagan Member Posts: 15
    Sorry Carman
    I am looking at 36 & 39 month lease with 15k per year. I am also interested in the cost of purchasing some additional mileage upfront. I f you could provide me with the cost per mile I would be appreciative
  • clone2clone2 Member Posts: 6
    CarMan

    Sorry for the incomplete info - Mazda6 S, 36 months, 15k miles or 12k. TIA
  • safari_in_calisafari_in_cali Member Posts: 8
    Car_man,

    Thanks for the reply. The MSRP of the car that I am looking at (including the options) is $31,575. The Edmunds' TMV price is $30,706. The Invoice price is $28,945. What would be the residual and the money factor for a 36 months/15,000 miles lease? What is the monthly payment is going to be if I don't put any money down?

    Another question that I have is about the fees that I have to pay at lease signing. There are many different fees that I saw mentioned, which include destination charge, acquisiton fee, prep fee, license fee, VIN etching fee, etc. Which of these fees are mandatory and which fees I can refuse to pay?

    Thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Good morning, Ben. I would be more than happy to help you out. If you were to lease a 2003 Volvo V70 T5 Wagon through Volvo Finance this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00089 and 53%, respectively. The numbers for an otherwise identical 4 year lease should be .00102 and 45%, respectively. Volvo's 2 year money factor for this model is much much worse than its 3 and 4 year factors so I definitely would not go with that term if I were in your shoes. Volvo is providing lease cash for consumers who choose to lease this model through a bank other than Volvo Finance, so it is possible that a dealer may be able to get you a lower monthly lease payment by using a different lending institution.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi hcagan. I would be more than happy to give you an idea of what Audi's lease program for the A6 is like right now. However, first I need you to tell me exactly what A6 model you are interested in, i.e. 2003 A6 2.7T Sedan with quattro, 2003 A6 3.0L Sedan without quattro, etc. Once I have this additional info I will try to help you out. Talk to you soon.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, clone2. It happens all the time. Thanks for the additional info. According to the latest information that I have seen, if you were to lease a 2003 Mazda 6 S through Mazda's captive finance company this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00179 and 46%, respectively. The money factor for a 12,000 miles per year lease of this car would be exactly the same, but the residual value would increase to 48%.

    Car_man
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  • krwest1krwest1 Member Posts: 79
    Car_man, I was wondering if you had the 3 year/36k money factor and residual for the 350z. Thanks again.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, safari_in_cali. If you were to lease a 2003 BMW 325i through BMW Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00150 and 59%, respectively. You never mentioned the selling price for the car that you are interested in, but for the sake of this exercise I will assume that it is the Edmunds.com True Market Value. According to my calculations, if you were to lease a 2003 BMW 325i (MSRP: $31,575 / Capitalized Cost: $30,706 - TMV) through BMW FS this month for 3 years with 15k per, its zero down, pre-tax monthly lease payment should be right around $410.

    As far as the fees that you should have to pay go, all manufacturers require consumers to pay a destination charge on new vehicles. This charge is usually added to vehicles' MSRPs and should have been included in the prices that I used to calculate the sample lease payment for you. Similarly, almost all banks that lease vehicles to consumers require an acquisition fee to be paid. BMW Financial Services charges a $525 acquisition fee on all leases. It also collects a security deposit equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment. As far as any other random fees go, rather than let your dealer nickel and dime you to death, negotiate an out the door price that includes all of the fees for the car that you are interested in. By doing so you won't be surprised by the dealer trying to add all sorts of fees to your deal after you have already negotiated a price. If you feel as though the total out-the-door price that you have been quoted on this car is too high, comparison shop at a couple of other dealers on your area for out-the-door prices to see which one offers you the best deal.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings krwest1. Here is the information that you are looking for. If you were to lease a 2003 Nissan 350Z through Nissan Motor Acceptance Corp. this month for 3 years with 12,000 miles per this month, its base lease money factor should be .00240 for all trim levels and its residual values should be 55% for the Enthusiast model, 52% for the Performance model, 54% for the Standard & Touring models, & 49% for the Track model.

    Car_man
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  • rxkerxke Member Posts: 168
    Hi Carman

    Thanks for the info for 12,000 but I also need the money factor and residual for 15,000 miles on a 39 month lease. NY

    Thanks
    RXKE
  • nalenale Member Posts: 12
    Hi Car_man,
    Thanks for your response. I thought I included the selling price in my post but it is $21,750. This is definitely over both invoice and Edmund's TMV. I asked the dealer about bringing the price down closer TMV but he said that TMV didn't include advertising or dealer profit, and that's why they were so low.

    Also, the monthly payment includes tax, I think. Only first month and security fee are due at signing.

    Thanks in advance,
    Nale
  • benji123benji123 Member Posts: 104
    Carman,

    What would be the corresponding residuals and lease rates for the 2003 V70 2.4T for 3 and 4 years (12K also)? Would it be the same as the T5? Thanks!

    Ben
  • usmj1usmj1 Member Posts: 16
    Carman: You must go crazy calculating lease deals. But if you have time, your thoughts on this: 2003 Max GLE loaded, MSRP 30,022, price 26,500, 550 acquisition fee, residual 15,011, 3 yr, 15K, 500 down includes first month payment, title/reg., 396/mo. (355 depreciation + 41 interest).
    Thanks for any help.
  • gpwatfrdgpwatfrd Member Posts: 76
    Car_man
    Thanks for the info. I don't know how you keep up with all of our posts. If you happen to run into the res for the G35c for april than let me know.
  • nbmnbm Member Posts: 4
    Car_man,

    I am looking for the MF and RV for the ES 300 lexus. 12k - 36 months and 12k - 48 months. When you give the values is it for perfect credit? Where would a fico of 666 fit in? Also, do you know what the fleet sales discount would be? That is the price I would pay.

    Thank you,
    nbm
  • vwvw1vwvw1 Member Posts: 18
    Hi Carman, looking at leasing the jetta 1.8t w/ Auto, sprt pkg, monsoon, dsp, cold weather and factory added spoiler = MSRP is $24,124. Cap Cost is $22,275, Residual is $12,303, MF is .00155, 15k yr, lease is for 42 months, payments are $291. This is No Money down. Is it a fair deal?

    THX!
  • hcaganhcagan Member Posts: 15
    Carman,

    Sorry for the confusion (see post 6175). I'm looking at both the 2.7T & 3.0 quattro with 15,000 miles. I'd like to compare a 36 & 39 month lease. Thanks
  • JBaumgartJBaumgart Member Posts: 890
    Car_Man,

    First post here and am looking for some advice. Can you tell me where I can find some general information on what factors should be considered whether one should buy vs. lease? In my case it will be a Lexus RX 330 4wd, with Performance Pkg and Navigation, negotiated price will be $44,000 + taxes, fees, etc. I need to consider whether to lease, pay cash or to finance a purchase. With my last four car purchases I've paid cash, but I'm intrigued with not having to bother with selling the car after about 4-5 years, which is the usual length of time that we keep a car. I've never leased before, and want to see if it might make sense in this case. Since this is a newly introduced vehicle I don't think Lexus is offering any special financing deals right now, which may complicate the decision some. Any ideas? Thanks - JB
  • brandloyal1brandloyal1 Member Posts: 11
    Hi Carman,
    Could you please post the April money factor and residual value info for a 2003 Honda Accord EX V6 sedan (no nav) for 36 months/12K miles/yr.
    Also, in your experience, do you think that these numbers will change very much in May?
    Thanks!
  • worcesterkworcesterk Member Posts: 1
    Hi Car Man,

    I'm considering leasing a luxury SUV. I'm looking at the 2003 MB ML350 and Volvo XC90 2.5T. can you tell me lease factors and residual values for 36 and 48 month terms, 12000 miles/year? I live in Huntsville, AL.

    Thanks!
    Kevin
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, RXKE. The lease money factor for a 15,000 miles per year lease would be exactly the same as the one that I provided you with for the 12,000 miles per year lease, but the residual value for a 15k lease would be 2% lower.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am sorry to say this, Nale, but the dealer that you are working with is trying to mislead you. Edmunds.com True Market Values for new vehicles definitely include profit for the dealer, apparently not as much as he would like though. In fact, in many instances the Edmunds.com TMV prices are a little on the conservative side, meaning that they actually allow dealers a larger profit than I would personally feel comfortable with if I were in the market. You should probably comparison shop at a couple of different VW dealers in your area to see if what sort of deals are out there.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Ben. No the V70 2.4T would have different lease parameters. If you were to lease a 2003 Volvo V70 2.4T through Volvo Finance this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00161 and 57%, respectively. The numbers for an otherwise identical 4 year lease should be .00165 and 49%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Yeah, usmj1, it often is a lot of work :). Let's calculate a sample lease payment on a similar car and compare it with the deal that you have been offered. According to my calculations, if you were to lease a 2003 Nissan Maxima GLE (MSRP: $30,022 / Capitalized Cost: $26,500) through Nissan Motor Acceptance Corp. this month for 3 years with 15,000 miles per, your zero down, pre-tax monthly lease payment should be $359 or so. This obviously is higher than the payment that you were quoted. Does yours include tax?

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, gpwatfrd. I'll keep my ear to the ground.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi nbm. It is difficult for me to say if you would qualify for Lexus' top credit tier. If you don't, its current Tier 2 lease money factor for the 2003 ES 300 is .00230 for 36 month terms. As far as pricing goes, if you are able to purchase this car through Toyota's employee or supplier purchase programs then you would qualify for whatever sort of discount the program stipulates. If you do not qualify for either of these plans, then you likely will end up having to negotiate your own deal with a salesperson.

    Car_man
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  • usmj1usmj1 Member Posts: 16
    Carman: lease of $396/mo includes tax (6%) and acqusition fee of $550.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello vwvw1. Let's calculate a sample lease payment on the car that you are interested in and see how it compares to what you've been quoted. According to my calculations, if you were to lease a 2003 Volkswagen Jetta 1.8T GL Sedan (MSRP: $24,124 / Capitalized Cost: $22,275) through VW Credit this month for 39 months with 15,000 miles per year, your zero down, pre-tax monthly lease payment should be $298. I haven't seen VW's exact 42 month lease program for this car, but I suspect that the money factor for 42 months would be the same and the residual value would be 2% lower. Using these parameters, the monthly payment for 42 months drops to almost exactly $291. It is difficult to for me to evaluate this car's price without knowing what its dealer invoice price is. Jettas are going for fairly close to invoice + or - a few hundred dollars right now. However as far as the lease payment goes, it looks great.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Don't worry about it, hcagan. Here is the information that you are looking for. If you were to lease a 2003 Audi A6 2.7T Sedan through Audi Financial Services this month for 3 years with 15,000 miles per its base lease money factor and residual value should be .00070 and 53%, respectively. The numbers for an otherwise identical 39 month lease should be .00070 and 51%. If you were to lease a 2003 Audi A6 3.0L Sedan with quattro through Audi Financial Services this month for 3 years with 15,000 miles per its base lease money factor and residual value should be .00050 and 51%. The numbers for an otherwise identical 39 month lease should be .00050 and 49%. Audi has some great owner loyalty programs available on this model right now. If you are a current Audi owner or lessee let me know and I will fill you in on the details.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi JB. If you are undecided about whether to lease or finance your next new vehicle, you should check out the following section here at Edmunds.com: Edmunds.com Finance & Leasing Center. There you will find a number of informative articles on leasing and financing vehicles, along with a financial calculator that is specifically geared towards helping consumers decide between leasing and financing. Unfortunately, Lexus is not offering any special lease or financing incentives on the newly redesigned RX 330 right now. I don't expect them to introduce any special incentives on such a new model for quite some time either.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings brandloyal1. I assume that you are currently driving a Honda product :). Let's see what sort of informaiton we can dig up for you. According to the most recent program that I have seen, if you were to lease a 2003 Honda Accord EX Sedan without Navigation through American Honda Finance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00220 and 59%, respectively. It is difficult to say what Honda's May lease program will look like, but given the fact that the Accord was recently redesigned I personally doubt that Honda will significantly enhance its current program next month. If they introduce any support on this car at all it will be at the very end of the model year.

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  • hcaganhcagan Member Posts: 15
    Carman,
    Thanks for the info. I currently lease a 2.7T and the lease expires in a few weeks. I am aware of a $2000 Audi loyalty incentive this month. Please let me know if that is correct. I appreciate your help as I am going to try to make a deal this week for a new Audi.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Kevin. According to the most recent information that I have seen, if you were to lease a 2003 Mercedes-Benz ML350 through Mercedes-Benz Credit Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00175 and 57%, respectively. The numbers for an otherwise identical 4 year lease should presently be .00175 and 50%. If you were to lease a 2003 Volvo XC 90 through Volvo Finance this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00359 and 59%, respectively. The numbers for an otherwise identical 4 year lease of this SUV should be .00349 and 52%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, hcagan. It's good to see that you already know about Audi's $2,000 owner loyalty cash. Audi is also running an early lease termination program for current A6 and allroad lessees that lets them out of their current Audi Financial Services lease up to 5 months prior to their scheduled termination dates if certain stipulations are met.

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  • njslatsnjslats Member Posts: 4
    Hi Car Man,

    I see a lot of information on the board about 325i leases, but not 330i leases. If I want to lease a 330i for 36 months at a purchase price of 39,100 with 10k miles/year what would the residual and money factor be? What should I expect as a monthly payment with $0 down?
    Thanks,
    Chris
  • stargazer0791stargazer0791 Member Posts: 33
    Carman,

    I am posting this for a good friend who is trying to decide between the 325 and A4 and would like to calculate the monthly lease costs.

    Details
    3 year / 36 month lease
    10,000 mi/yr.
    2003 model year - both 2wd and 4wd versions

    what are the respective residual values?
    and money factors?
    and lease acquisition fees?

    Thanks a bunch,
    Xmonger
  • fsufanfsufan Member Posts: 35
    Carman, I'm looking for the residuals and money factor on the following cars 36/39 months 12k per year:
    2003 Saab 9-3 arc 6 spd.
    2003 Volvo S60 2.4T w/ sport pkg
    2003 Jaguar X-Type 2.5 manual
    Is there any lease cash or other incentives on these vehicles? Any others in this class that are good deals at the moment. Thanks for the help.
  • rokum17rokum17 Member Posts: 18
    Car_man,
    To the best of my knowledge, Saab is offering $2000 lease support on new 9-3 Linear/Vector but NO Arc...why do you think they are holding it off on Arcs? Do you think it's going to be included in May incentive package? Just looking for your humble opinion :)
  • tunefultuneful Member Posts: 35
    CarMan, there must be angle with those (e.g., lease a Mustang for $5 a day). Where are they really "getting" ya? You know the saying, if something sounds too good to be true, it probably is :-)
  • nalenale Member Posts: 12
    Hey Car_man,
    Well, thanks for your advice on the misleading dealer! That certainly sours me as this is my first car-buying experience. But, I have had some more positive contact with other dealers, so I still have some hope of getting a fair deal. Thanks for all your help. Hopefully in a few days I will have a better deal to post that you can evaluate!
  • namja007namja007 Member Posts: 9
    Car_Man,

    Hoping you could help.. I have a 2004 330 ci on order. I was wondering what the residual and money factor is for a 12,000 and 15,000 mile and 36 month lease for this month. please help. Thank you.
  • mxpro738mxpro738 Member Posts: 59
    Car_man:

    If you're too busy, I'll understand.

    I am looking seriously into leasing a 330i soon. Do you know the current residual and money factor for each of 10k/36 and 15k/36?

    Thanks in advance for your time.

    Regards.
  • mxpro738mxpro738 Member Posts: 59
    So how does the lease buyout work? Is it simply a matter of the residual?

    For example, suppose the car costs $40K and the residual is 50%. Does that mean the lease buyout is $20K plus some minor processing fees?

    Thanks.
  • madmanagermadmanager Member Posts: 5
    Carman,
    Please let me know when you will have the money factors and residuals from BMS FS for the month of May on 2004 BMW 325Ci. I will be ordering my car in the next couple of weeks and would like this information before I order to be sure the figures I get quoted are correct. Is there any way or anything I can quote the salesman as to the source of my information to ensure I get what you say is available? Anxiously awaiting my new car!!!
  • zednickzednick Member Posts: 4
    I was looking for the best deal 2.5 or 3.0. Going back to the dealer tomorrow. Dealer quoted the following:
    list-35,815
    price-33,865
    48 months, 12,000 miles/yr, sales tax-out of pocket. Money factor: .00191 Residual: .44, Payment 473.52. I live in Illinois. Is this the best I can do? If I can do better, how to neg? Thanks for the help.
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