Lease Questions - Ask Here

gene1980 · April 2003

Carman,

Have you seen Toyota's lease numbers for a 2003 Prius? I would like to lease for 36 months with 12k per year. The MSRP is $21451 and negotiated price is $19400. I'm in Northern Virginia. Tax rate is 3%.

Thanks.

hitdogg42 · April 2003

Hi, This is my first post, so take it easy on me!

My current lease is up in August and I am starting to look at my options. I am looking at 3 cars (but I am open to suggestions). I like the Acura 3.2 TL, BMW 325 and 2004 Maxima. Which of these 3 do you recommend? and what is a GOOD deal on them with about $1500-$2000 due at signing? Thanks

safari_in_cali · April 2003

Hi Car_man,

I am considering the following lease deal on 2003 BMW 325i sedan (premium package, leather, zenon headlamps, metallic paint).

Term: 36 months/15,000 miles per year
MSRP: $35,095
Invoice: $32,205
Cap Cost: $33,995
Residual (59%): $20,706
Money Factor: .0013
Monthly Payment: $440 + tax
Drive-Off: $1471 (includes first month payment and all fees)

From what I know, it looks like a decent deal. What do you think? You posted earlier that the current money factor offered by the BMW financial services is .0015, but the dealer is giving me .0013. Has the money factor changed or is the dealer swallowing some of the costs? This is their final offer, take it or leave.

Thanks in advance.

CarMan@Edmunds · April 2003

Hey dzuba. Take the information that I provided you with in my earlier post and plug it into the formula that is provided in the following article to come up with the approximate monthly lease payment for the model that you are interested in: Calculate Your Own Lease Payment.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

You're welcome, krabapple1. It's difficult for me to say how much it should cost you to lease this new car without specific information like pricing, length or lease, and mileage. I would be more than happy to tell you about what it should cost you to lease it if you provide me with this info.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

No problem, Raj. Thanks for the additional info. Unfortunately, Volkswagen's special financing rates may not be used to lease vehicles, only for normal financing. Volkswagen Credit publishes a completely separate set of lease money factors for its models, which are equivalent to higher interest rates than 0.9%. For instance, VW Credit's base lease money factor for a 3 year lease of the model that you are interested in is currently .00140, which is equivalent to an interest rate of around 3.4%. I just plugged the information that you provided in your last post into my handy dandy lease calculator, and according to my calculations this car should currently have a 3 year, 12,000 miles per pre-tax monthly payment of around $482 if you were to put $2,000 down. I have a feeling that there is still a little room left for negotiation in this deal.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hi casams. You are correct, 3 year leases seem to be much more popular than 4 year leases, but it definitely seems to me as though 4 year terms certainly have been narrowing the gap over the past couple of years. I think that there are a couple of reasons why 3 year leases are so popular. In general, consumers who lease seem to enjoy driving new vehicles every couple of years. Also, tradionally, many manufacturers' vehicles have come standard with 3 year / 36,000 mile bumper-to-bumper warranty coverage. If a consumer were to lease a vehicle with this sort of warranty coverage for 4 years and have a problem with it during the last year of their lease, they would have to pay out of their own pocket to fix it or else face a potential lease-end penalty for excess wear and tear.

Furthermore, 4 years is a long time to be locked into a lease of a particular vehicle. A lot can happen to alter one's lifestyle during this length of time, like having kids, changing jobs, etc... If this change forces one to need a different vehicle, it could be very expensive for them to get out of their contract a year or two early.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Greetings, tobyw. I would be more than happy to take a look at the deal that you have been offered. You don't happen to have this truck's full MSRP do you? I need this number to calculate a sample lease payment.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hi again gene1980. I have finally seen part of the information that you are looking for. If you were to lease a 2003 Toyota Prius through Toyota Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and should be .00200. For some reason though I have not seen this car's residual values lately. This may have something to do with the fact that it is a hybrid, which traditionally do not have very high residuals.

Car_man
Host
Smart Shoppers / FWI Message Boards

dmoberg · April 2003

Car_man -

Thanks for providing answers to our endless requests for information. You're the only accurate source for lease data that I know of.

I'm currently deciding between an A4 and A6 Avant. Given how close they are in price, the difference in lease numbers will be a big factor in my decision. Can you give me residuals and money factors for the A4 3.0 Avant and A6 3.0 Avant for 36 months and 15,000 mi/year?

Also, I'd like to know when those numbers expire, so I can time my purchase accordingly. Thanks in advance.

tammyb6 · April 2003

Car_man,
Thank you again for the information you gave me. I have another question. I have decided to lease the 2003 X5 4.4 for 48 months/ 10,000 miles a year. Could you tell me what the residual value and money factor should be for this lease?

Thank You,
Tammyb6

CarMan@Edmunds · April 2003

HA, I promise not to be too tough on you, hitdogg42

. All three of the cars that you mentioned are nice vehicles. Of the three vehicles that you mentioned, I personally prefer the 2003 Acura TL and 2003 BMW 325 to the 2004 Nissan Maxima, but that is more because I do not personally like the styling of the new Maxima and as we all know styling is a subjective thing. August is several months down the road so it is difficult for me to say what the lease programs for these cars will be like when you are actually in the market, but as it stands right now Acura probably has the most attractive lease program of these models. You should be able to get a pretty good deal on the TL, price-wise as well given the fact that this car will be redesigned with new styling and a more powerful engine for the 2004 model year. If you would like me to work up a few sample lease payments to give you an idea of what it would cost if you were to lease these models right now, I would be more than happy to do so for you. However, first I am going to need a little additional information from you, including how long you want to lease them for, how many miles per year you need to be able to drive without having to pay a lease-end excess mileage penalty, and the exact MSRP and selling price, or at least dealer invoice price of the hypothetical cars that you are interested in. Once I have this info I will calculate some sample leases for you. Talk to you soon.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hi again safari_in_cali. It is interesting that the lease money factor that the dealer is using to calculate your lease payment is lower than the .00150 that I have seen. It is entirely possible that BMW recently enhanced its money factors for this model. I will make a few calls and see if anything has changed. I just plugged the lower money factor that you mentioned in your post into my lease calculator and came up with the exact $440 monthly payment that you were quoted. So, overall I would say that this definitely looks like a pretty good deal.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

You're welcome, dmoberg. Here is the information that you are looking for. If you were to lease a 2003 Audi A4 3.0 Avant through Audi Financial Services right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00115 and 51%, respectively. The numbers for an otherwise identical lease of a 2003 Audi A6 3.0 Avant are a little more attractive at .00075 and 52%. As usual, Audi's current lease program is only scheduled to run for about one month. Its April program currently runs through May 6th.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

No problem, Tammyb6. Here is the information for the new term that you are interested in. According to the most recent information that I have seen, if you were to lease a 2003 BMW X5 4.4 through BMW Financial Services this month for 4 years with 10,000 miles per, its base lease money factor and residual value should be .00230 and 52%, respectively. This money factor is a little higher than the one that I provided you with earlier because BMW's special lease money factors are only available for leases of up to 42 months in length. If you lease a BMW through BMW FS for any longer than that you usually have to use its standard money factors. I don't know if you have been following any of my earlier posts, but in case you haven't we discovered that BMW may have enhanced its lease program for the 3-Series recently. I do not know if this is definitely the case or if this enhancement would also have any impact on the X5's lease program, but am trying to find out what exactly happened. This might have an impact on the above numbers.

Car_man
Host
Smart Shoppers / FWI Message Boards

tammyb6 · April 2003

Car_man,
Are you saying that the numbers you gave me are for a 42 month lease?
If not what are the numbers?
Thanx,
Tammyb6

tobyw · April 2003

The MSRP is 36,200(35,700 plus 500 delivery). Am particularly interested in American Honda Finance's true money factor (as well as other particulars of this deal). Tobyw

fladriver · April 2003

Hi Car-man,

Can you confirm what the dealers quoted?

First for the A4 base model w/ front wheel drive, 12000 miles/yr for 2 yrs....money factor quoted was .0013 and residual 66%.

Next for the Passat GLS w/ front wheel drive, 12000 miles/yr for 2 yrs....money factor quoted was .00165 and residual 65%.

I got the info over the phone.

I'm puzzled about the money factor and here's why. I mentioned to both dealers that this would be leased in the name of the company I work for...the Audi person told me that if we already have another Audi leased in the company's name (which we do) the rate would be lower than the personal rate. The VW guy said it didn't make a difference and the rate would be the same for a corporate lease as leasing in my own name.

If the VW guy was wrong (and I'm not saying he was) then I could get a lower rate and I could get more options for the same payment. So basically I'm trying to check if the lease rates are the same for corporate and individual leases on the A4 and the Passat as well.

Thanks for your time!

clpurnell · April 2003

Carman thanks for all your help while I have been searching for a vehicle just pulled the trigger on the following:

FX35 RWD w/ TECH
39mo 15k per year
MSRP: 44345
Selling Price: 40545
MF .00157
Residual 49%
Acqusition fee 550
First payment of 625.xx at delivery

This includes 6.25% tax on 14500 ( had trade tax due on difference)

m3fan · April 2003

Hi,

I'm very new to leasing, but after reading about how it works etc., it might be a good alternative for my first car. My question is... Is it possible to negotiate a national special lease program? I am specifically refering to the one offered by Mercedes-Benz Canada on the new C230 Coupe.
The details are here: http://www.mercedes-benz.ca/Index2.cfm?thelocation=http%3A//www.m- ercedes-benz.ca/site/home.cfm%3FPid%3D1319%26NavPID1%3D136%26NavP- ID2%3D928%26NavPID3%3D938

Will the dealer be willing to negotiate sticker price etc. or will that automatically make me ineligible for the lease special offer?

Thank you.

landru2 · April 2003

Read the fine print. Second last sentence reads "Dealer may lease for less."

Market conditions will determine whether they will or not.

BTW, thanks for that link. That E55 AMG is such a hot car!

ardvarkus · April 2003

Car Man-

Couldn't find all the pieces in past posts...

What is the best price I can expect on a 2003 M5 (base, no options is 71,095)?

What are the residuals for 36 and 48months? 15k miles per year

I assume the MF is the same for all terms- what's the best I can expect? Prolly BMWFS..

Thanks

knr5 · April 2003

Thank you very much for clarifying that lease interest rates (on which the money factors are based) are different from loan interest rates. I think you are right on the money -- I have a printout from the same dealership for the GLX where they used a money factor of 0.0014. Is there a resource where can one look up lease interest rates or money factors for different manufacturers? Also, where can you obtain residual values (widely accepted)? I have been looking up Edmunds True Cost to Own and the Intellichoice website ("Ownership Costs")to get an idea.
Again, thanks for your patient response!:)
Raj

saab1985 · April 2003

Can someone give me some factual information from previous experience regarding what happens if I turn my vehicle in at the end of the lease and I'm WAY over on miles and don't pay for the additional miles? Is it like a repo? Will they take me to court? thanks

kyfdx · April 2003

You'll receive a bill in the mail... and its like any other debt that you willingly take on.. If you don't pay it, it will ruin your credit, and yes, if its a large enough amount, they will take you to court.

kyfdx

garyw · April 2003

The Honda board suggested I ask you about this lease. Saw this from a Spokane dealer - any help is appreciated.

Ex Cloth 2003 Odyssey!
25,997 or 214+ tax/mo
36 month lease, 25,997 cap cost, 2500 cash or trade equity, 1st payment, sec depoait, due at inception. 10,224 total paymnets, 9380 LEV, 12000 miles per year, OAC

What am I missing - what's the gotcha or questions to ask the dealer.

Thanks....

mary79 · April 2003

We just bought a Honda Pilot last weekend. The car was great(so far). However, we had a very bad experience with this dealer. They tricked us to buy a useless "Theft Guard" insurance option by giving us wrong calculated monthly payment amount and hiding some insurance information from us. They don't return our calls once we signed the contact. Does anyone know where we can file a complain about this dealer? So people will know this dealer's dirty trick. Thanks.

rwright · April 2003

Car Man:

I apologize if this info. was posted earlier in the thread - I couldn't find it. Do you have any of the lease details (base money factor and residuals) from BMWFS for the newly freshened 2004 3 series coupes? I'm thinking a 36 month term with 10,000 or 12,000 miles per year. Any help would be appreciated.

leftfield1 · April 2003

Looking at a lease. Cap. cost looks right. Money factor is .00175 - not the best around, but satisfactory. Residual is also acceptable. Having a problem with the finance charge. They lessor is calculating using a straigt simple interest calculation over the 39-month term. Every site I look at shows the finance charge being calculated as [(Cap Cost + Residual) * Money Factor]. This latter calculation would reduce finance charge by $20/month compared to the simple interest. The lessor says simple interest is a common way to handle leases these days?

Help -- is this a correct statement?

CarMan@Edmunds · April 2003

Nope, Tammyb6, I gave you the 48 month numbers that you asked for. I was trying to convey the point that in general it is better to lease BMW models that have lease support available on them for 42 months or less.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Thanks for the additional information, tobyw. The lease money factor that you were quoted is close what I would expect American Honda Finance Corp. to be charging to lease a 2003 Acura MDX right now. The last that I heard, AHFC's base standard lease money factor was .00190 for 48 month terms. AHFC will waive the security deposit for consumers in exchange for a .00100 increase in their base lease money factor. It appears as though this is why your factor is slightly higher. Let's plug the numbers that you provided me with into my trusty lease calculator and see what we come up with. According to my calculations, if you were to lease a 2003 Acura MDX non-Touring, without Navigation or the Rear Entertainment System (MSRP: $36,200 / Capitalized Cost: $35,000), through AHFC prior to April 30th for 4 years with 15,000 miles per, your zero down, pre-tax monthly lease payment should be right around $438.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Greetings fladriver. Let's take a look at the information that these dealers provided you with. First we have the 2003 Audi A4 1.8T without quattro. This car's current residual value is indeed 66% for a 2 year lease with only 12,000 miles per year. However, unless you are having your car's security deposit waived it looks as though your dealer is attempting to mark up Audi Financial Services' base lease money factor of .00115 in an effort to add a little hidden profit to your deal. As far as the Volkswagen Passat goes, VW Credit's current base lease money factor for 2 year leases is presently .00150 for the 2003 GLS and .00140 for all other Passat models. If there is no security deposit waiver here either then it looks as though there is a little mark-up going on here as well. Again though the residual value that they provided you with is right no the money. If you opt to go with the Passat, keep in mind that there is $500 dealer cash available on this model if you finance or lease it through VW Credit. This should help you negotiate an even more attractive capitalized cost. Having said all of this, Volkswagen and I believe Audi do allow consumers to waive their lease security deposits in exchange for a .00015 increase in the lease money factors that are used to calculate their monthly payments. If the factors that you were quoted are for deals without any security deposit then they are not being marked-up.

I don't know why corporate consumers would be eligible for lower lease money factors than the general public would. This doesn't sound right to me. Perhaps the salesperson who you spoke with is aware of some sort of owner loyalty program that they thought that your company might be eligible for.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hey clpurnell. Even though I have not seen Infiniti's lease program lately, the lease money factor and residual value that were used to calculate your monthly payment are right in line with what I would expect them to be based on the sort of programs that Infiniti has had on this model in the past. That is definitely a good sign. The selling price that you were quoted looks great, too. However, according to my calculations if you were to lease a vehicle that has an MSRP of $44,345 and a selling price of $40,545 for 39 months using a money factor of .00157 and a residual value of 49%, I get a monthly payment of right around $580. This is considerably less than the $625 that you were quoted. I am sure that tax makes up at least part of the difference.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hi m3fan. I am not familiar with the specific advertised lease that you are interested in because Mercedes-Benz does not usually advertise sample lease payments for its vehicles here in the United States. Having said this, most manufacturers' advertised leases usually leave a little room for negotiation, price-wise. Remember that the prices of leased vehicles can be negotiated, just as if you were paying cash for them. The money factors or interest rates that are used to calculate lease payments have nothing to do with the vehicle's price. Take a look at the fine print for this ad. The fine print for advertised leases often contains the vehicle's full MSRP and selling price or its capitalized cost. By comparing these two numbers you can see exactly how much of a discount the advertised deal assumes that the dealer is providing and if there is enough room for you to negotiate the capitalized cost even lower, resulting in a lower monthly payment.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hi ardvarkus. I don't think that we've mentioned the M5 in a while. It is an amazing car, but as you can imagine not very many people are in the market for one, given its lofty price. BMW is not currently providing any sort of lease support on the 2003 M5. So if you were to lease one through BMW Financial Services this month, you would have to use its standard money factors. Through April 30th, BMW FS' standard factor for 3 and 4 year terms is .00230. The corresponding 15,000 miles per year residual values for this car are 56% and 48%, respectively.

As far as pricing goes, I am not personally all that familiar with the market for this car right now. I would suspect that M5s are being sold at fairly close to full MSRP, but for more feedback on this you may want to check out this car's Edmunds.com True Market Value or one of the M5 specific discussions in the Town Hall.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

You're welcome, Raj. Unfortunately, I am not aware of any free source for lease money factor and residual value information that is available to the general public.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Welcome aboard, garyw. The first catch that I see here is the "2500 cash or trade equity" statement. This means that in order to arrive at this lease payment, you have to make a $2,500 down payment. I personally am against consumers making large down payments on leased vehicles for several reasons, all of which I have mentioned recently. It is difficult for me to say what this van's actual lease payment should be because the ad never mentioned this model's full MSRP. However let's work out a sample payment on a similar vehicle with an MSRP of $37,360 and a capitalized cost of $23,497 ($25,997 - $2,500 down). According to my calculations, if you were to lease the aforementioned van through American Honda Finance Corp. this month for 3 years with 12,000 miles per, it should have a zero down, pre-tax monthly lease payment of right around $246 or so, which is very good but not $214. It's difficult to say how the dealership that is advertising the deal that you mentioned arrived at the $214 payment. I suppose that it is possible that they are running this deal through a bank that has a better lease program than AHFC's, but it still sounds unusual. If it all checks out, it certainly is a heck of a deal. You should be able to lease any vehicle without any money down, so you may want to have them work out an identical lease for you without any money down. That is if they are willing to provide you with this deal, it sure sounds like a screamer ad to lure customers into the showroom and then upsell them to something else to me.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hello rwright. I would be more than happy to give you an idea of what the lease program should be like for the car that you are interested in. If you were to lease a 2004 BMW 325Ci or 330Ci, yes they actually have identical lease programs right now, through BMW Financial Services prior to April 30th for 3 years with 12,000 miles per, their base lease money factor and residual value should be .00225 and 64%, respectively. The 10,000 miles per year residual value for this term would be 1% higher.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

Hi leftfield1. There is an excellent article that is available here at Edmunds.com on how to calculate monthly lease payments. I have a feeling that you will be able to answer most of the questions that you have on this subject by reading it. Here is a link for your convenience: Calculate Your Own Lease Payment.

Car_man
Host
Smart Shoppers / FWI Message Boards

leftfield1 · April 2003

Car Man,

I have review the information provided by Edmunds and others. Would it be safe to say that the use of a simple-interest calculation is to my disadvantage? Should I insist on using the [(Residual + Cap Cost) * money factor] method? The lessor says the Edmunds method to calculate the finance charge is outdated. Your thoughts?

rwright · April 2003

Thanks Car Man! I appreciate the help. I didn't realize the lease factors had gotten so low (I'm currently leasing a 2000 323Ci). The .00225 equates to about 5%.

With the end of the month fast approaching I doubt I will be able to take advantage of the lease factors and residuals you posted from BMWFS.

Is there a website I can go to for the updated May numbers?

tammyb6 · April 2003

Car_man,
Thank you for the clarification. By the way what do you think about going through a Broker instead of going to the dealership myself? Do you think a Broker can get me a better deal than I can get for myself?

Thanks,
Tammyb6

m3fan · April 2003

Thanks for the replies CarMan and landru. The C230 Coupe is what my mom likes. I hope to get a VW GTI this fall and the lower monthly payment of a leased vehicle can make it even more possible. I hope I have the right reasons for considering leasing my first car...
1. I will take excellent care of my car. (read no food inside, no fingerprints on a waxed exterior

)
2. I don't see how I can drive more than 24,000kms (15,000mi) a year.
3. I will not modify the car mechanically (might change shift knob and such, but that can be put back to stock)
4. Do not plan to keep the car beyond the 48mo lease -->> hoping for an Audi A3 to arrive in North America, or the new GTI MKV.

So, am I a good lease profile?

Also, landru2, do you have current money factor and residual values for 2003 GTI 1.8T? Are the residual percentages same in Canada and the U.S.?

Thank you.

clpurnell · April 2003

TTL + documentation fee added up to roughly $1100 add to that the 550 acq fee and the payment makes sense. Thanks for all your help!!

landru2 · April 2003

Sorry, I don't have any VW information. But be sure that U.S. and Canadian numbers will be different.

Also be aware that many aspects of leasing itself are different in Canada. In Canada, banks cannot lease vehicles so it is only in the hands of manufacturers finance companies. This makes it a little less of a crapshoot than it appears in the U.S. where every bank can get in on the leasing game. I believe that every province is now covered by full-disclosure legislation so that lease contracts are reasonably simple to read and interest percentages are used instead of the dreaded money factor.

Also, because waiver-of-depreciation insurance is available in Canada, the well-worn adage here about not putting anything down on a lease does not apply. Having said that, I usually recommend that people put down as little as possible that still leaves them a payment they are comfortable with. If you purchase the waiver of depreciation insurance (for less than $50/ year) you do not have to worry about losing your downpayment if the car is totalled - insurance will pay you the capitalized cost (selling price) of the vehicle.

lponz7 · April 2003

I've been quoted a money factor of .00255 and a residual value of 65% on a TSX--36 months, 12,000 miles per year. Comes out to about $376.00 per month before taxes using MSRP ($26,990). I love the residual--since I never buy the car out of lease--but the money factor strikes me as a bit high. Anybody have any comparables? Thanks.

CarMan@Edmunds · April 2003

It's strange that the bank that you are interested in leasing through uses a different formula to calculate lease payments. The method that I have talked about in the discussion in this forum called "The Return of How to Calculate Monthly Lease Payments" and the Edmunds.com article describe the method for calculating monthly lease payments that every single bank that I have ever dealt with or heard about uses, other than General Motors Acceptance Corp. and Ford Motor Company and the main difference with them is only that they use interest rates rather than money factors. What bank are you dealing with? Why aren't you dealing with your vehicle's captive finance company - the bank that is owned by the manufacturer of the vehicle? Captive finance companies frequently have the best deals available. If you let me know what vehicle you are interested in, its full MSRP and selling price, and how many miles per year you need to be able to drive, I can calculate a sample lease payment on it for you using its manufacturers' program. If the deal that you have been offered is better than it then you may want to consider going with the bank that you've been speaking with, if not then don't bother.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · April 2003

You're welcome, rwright. It is a great time to finance or lease a new vehicle. Interest rates are amazingly low right now, even for unsupported vehicles or models that have very little support like the 2004 3-Series Coupes. I am not aware of any free site that allows consumers to query manufacturers' lease programs. However, I would be more than happy to give you an idea of what BMW's May lease program is like if you check back with me mid-next week with a quick reminder. Talk to you then.

Car_man
Host
Smart Shoppers / FWI Message Boards

kyfdx · April 2003

I think your screen name would be good for the guy you are dealing with....because that is where he is coming from... CARMAN is a lot more charitable than I am... I think he's trying to pad your deal.

kyfdx

CarMan@Edmunds · April 2003

No problem, Tammyb6. I am not personally a big fan of auto brokers. In my opinion, they do nothing more than add another party to the equation that needs to profit from your deal. Educated consumers, like those who visit Edmunds.com, who shop around a little bit should not have much trouble getting as good a deal or perhaps even a better deal than brokers can negotiate.

Car_man
Host
Smart Shoppers / FWI Message Boards

Lease Questions - Ask Here

Comments

Helpful Tools

Most popular vehicles