Lease Questions - Ask Here

thenumberwiz1 · June 2003

Thanks for confirming my thoughts that the dealer was trying to scam me with the $50-60 per month higher payments on the turbo model. I have figured the payments should be approx $25 per month higher based on the following. The higher money factor will make the payment approx $31 per month higher (interest of $47 per month vs $16 per month build into the lease payment). Additionally, the Selling price on the turbo is $950 higher, which at a 51% residual means I need to pay approx $11 more per month over 42 months. However, offsetting the $41($30+$11) is the fact that the turbo carries a 2% higher residual percentage. This will help partially offset the $41. This should lower the payment by approx $16 per month because there is less depreciation to cover. Therefore, I would expect the payment to be approx $25 ($30+$11-$16)per month higher, not $50-$60 higher.

Thanks again for confirming the residuals and money factors.

CarMan@Edmunds · June 2003

Greetings roxreps. According to the most recent information that I have seen, if you were to lease a 2003 BMW 525iT through BMW Financial Services this month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00120 and 52%, respectively. I can't provide you with the 39 month numbers because BMW did not publish any this month. They usually only occasionally publish factors and residual values for 39 month terms. If you are not completely sold on leasing this vehicle, you can always finance it through BMW FS at 1.9% for up to 60 months or finance it through another bank and use the fact that BMW has $4,000 dealer cash on it to negotiate a very attractive selling price. This dealer cash can not be used in conjunction with the aforementioned lease and financing programs.

If you were to lease a 2003 BMW 525i through BMW FS this month for 3 years with 15k per, its base money factor and residual should be .00120 and 57%. This model also has 1.9% financing for up to 60 months available on it, but it only has $3,500 dealer cash.

Last but not least we have the 2003 Audi A6 3.0L Avant. If you were to lease one through Audi Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00075 and 52%, respectively. The numbers for an otherwise identical 39 month lease of this model should be .00075 and 50%. Instead of this special lease program, Audi is also offering 1.9% special financing for up to 60 months.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hello Remy. If you were to lease a 2003 BMW BMW 745i through BMW Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00195 and 63%, respectively. If you were to lease a 2004 (I assume you are going with the '04 model over the '03 model because the '04 has higher residual values) Porsche Cayenne S through Porsche Credit this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00250 and 61%.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

You're welcome, thenumberwiz1. I am glad that I was able to help you out.

Car_man
Host
Smart Shoppers / FWI Message Boards

mzinzi · June 2003

Hi Car Man!

Another vehicle I am looking at is the 2003 VW GTI 20th Anniversary Edition. Can you get get me the MF and residual for the following:

12,000/15,000 miles
36/39 months

Thanks!

theeths · June 2003

Car_man:

Can you please provide the RV and MF for each of the Audi A6 (3.0 front wheel drive), Infinity I35, BMW 325xi and Lexus ES300? I am not sure if I want to lease for 36 or 48 months, so if you could give me the info for both that would be great. Also, is the info for 39 months (if offered) the same as for 36? As far as miles, I would like the lowest mileage available - I guess that would be 10K if offered, otherwise will do 12K. Finally, can you give me the acquisition fee for each. If it matters, I am in CT.

Thanks in advance.

mparker8 · June 2003

Thanks Car_man. I live in good old Michigan.

stvchang · June 2003

Thank you Car_man for the info about the audi 1.8 lease numbers. Here's what I finalized in NY... Dolphin grey audi 1.8T quattro auto w/ premium, coldweather, 16's msrp $32185, cap cost $30000 for $975 at signing (first mo, bank fee, etc) and $374/mo including taxes for 36mo/12 lease.

Could you also help me with lease numbers for a Honda Civic LX or EX 4door 36mo/12k?? Thanks again.

bluetrane · June 2003

O wise and knowing Car_man

Can you enlighten me on lease programs for the Volvo V40 wagon? I would like MF and residual for 36 and 48 month lease. I also understand there is dealer cash on this model as well.

Thank you in advance!

chigirlintexas · June 2003

Hi Car_man,
I'm new to the board although I've been reading many of the postings for months now. I am looking into picking up a lease on a used car. I've got 4 deals I'm looking at. I'm new to the lease thing but have learned a lot from reading the posts, but still not sure if these are good deals.

First, let me start out by saying 12,000 miles per year is fine for me, although I'd be more comfortable with 15,000. Here's the deals:

1) '01 Honda S2000 loaded, 16K miles, 36 months at $418, 52K mile max, .18 per mile over 52K, plus a $5700 incentive paid to me. Lease end buyout of $16536.

2) '02 Saab 9-5 Aero Sedan, 9800 miles, 37 months @$498/mo, 60K mile limit, .20 per mile over. $5000 incentive paid to me. Lease end buyout of $16738.

3) 2000 Toyota Tacoma V6 4WD Xtracab, 32K miles, 22 months@$483, 60K mile limit, $4000 incentive, lease end buyout of $11437.

4) 2000 Ford Mustang GT Convertible, manual, leather, 22K miles, 60K mile limit, 22 months@$446, incentive payment $3000.

If you're wondering why I'm looking at 2 convertibles, a truck and a sedan, it's because three of us need a new vehicle--me, my daughter and my husband. I want the convertible, my husband wants the truck, and my daughter, believe it or not, wants the Saab.

I will have to qualify to take over the lease, and I believe my credit score is about 670. Any opinions/advice?
Thanks!

3)

1234 · June 2003

Hi Carman,
Quick question. After I negotiate my lowest selling price for the Civic LX sedan, do I just tell them I'd like to lease through AHFC (36 months, 12K miles/yr) and that I've calculated my lease payments to be so and so with a residual of 57% and money factor of .0005 (1.2%). Is that too aggressive and/or incorrect procedure? I want to have the right game plan after negotiating the best selling price. I really appreciate your help so far. Thanks again in advance. BTW, my best price so far is $14,388 + tax and license incl. $460 destination charge. Wish there was $750 marketing support on the sedan as there is on the coupe though.

remy725 · June 2003

Thanks Car_man

lawman10 · June 2003

Hey CArman how are you? Listen I want to know what you thunk of this deal. 2003 BMW 530i automatic with sport package and premium package and premium sound. The MSRP is $49370. I can lease it for $599/month 12k miles with only $1600 out of pocket which includes first month. Does this sound like a good deal? Let me know and thanks for your help.

lawman10 · June 2003

Carman the length of the lease is 39months.

bluetrane · June 2003

Sorry for incomplete info on my previous question. I would be looking for either 10k (preferable) or 12k miles per year for either a 2003 or 2004 model.

Thanks again

CarMan@Edmunds · June 2003

Hi mzinzi. Neat car! Unfortunately, Volkswagen is not providing any sort of support on it. So, if you were to lease a 2003 VW GTI Anniversary Edition through Volkswagen Credit this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00200 and 54%, respectively. Its money factor for a 39 month lease would be exactly the same, but its residual value would fall to 51%. If you were to lease this car with only 12,000 miles per year, increase the aforementioned residuals by 2%.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hello theeths. Here is the information that you are looking for. If you were to lease a 2003 Audi A6 3.0L Sedan without quattro through Audi Financial Services this month for 3 years with 10,000 miles per, its base lease money factor and residual value should be .00025 and 51%, respectively. The numbers for an otherwise identical 4 year lease of this car should currently be .00035 and 44%. If you were to lease a 2003 Infiniti I35 through Infiniti Financial Services this month for 3 years with 10,000 miles per, its base lease money factor and residual value should be .00179 and 50%, respectively. The numbers for an otherwise identical 4 year lease of this car should be .00183 and 43%. If you were to lease a 2003 BMW 325xi through BMW Financial Services this month for 3 years with 10,000 miles per, its base lease money factor and residual value should be .00150 and 62%, respectively. BMW is not providing any support on 48 month leases of this car, so leasing one for that long really does not make much sense. Last but not least, we have the 2003 Lexus ES300. If you were to lease one through Lexus Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00180 and 55%, respectively. The numbers for an otherwise identical 4 year lease should be .00190 and 48%. You should be able to lease all of the above models for 39 months, but their 39 month lease programs would be different than the ones that I provided you with information on. The acquisition fees for these banks in most states are as follows: $575 for AFS, $525 for BMW FS, $495 for IFS, and $600 for LFS. Their acquisition fees may be higher in the state of Connecticut with all of the vicarious liability issues there. Whew, that post took a lot out of me.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Thanks for the additional information, mparker8. I am pretty sure that General Motors has $1,500 lease cash on this car in your region.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

You're welcome, stvchang. As far as the Honda Civic goes, if you were to lease any 2003 Honda Civic Sedan 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 .00050 and 56%, respectively. If you are interested in the Civic Coupe instead of the Sedan, the numbers would be slightly different plus your vehicle would be eligible for some behind the scenes dealer cash.

Car_man
Host
Smart Shoppers / FWI Message Boards

schultzgang · June 2003

I have a 2000 Chrysler Town & Country Lxi which is a month away from the end of the lease. I've already started negotiating with the bank on a buyout price, but I'm not convinced that I'm getting their best deal.

What really happens when a vehicle is returned to the dealer, and how low ($) will the bank go? In other words, if I make a "low ball" offer, at what point will the bank consider my offer the most favorable deal and accept it over a traditional end-of-lease turn in transaction?

What value can I use for negotiating? Should I use Trade-in, Market, or Resale values as a guide, or is there another resource for this information? Thanks.

CarMan@Edmunds · June 2003

Awww shucks, bluetrane. Thanks for the kind words. Volvo hasn't really had any sort of lease support on the V40 in quite some time. Instead of the special lease money factors that Volvo is providing on most of its other 2004 models right now, it is providing $4,000 dealer cash on the S and V40s. This cash may be used in conjunction with Volvo Finance's standard lease program or may be used to lower the vehicle's purchase price and then finance it through a different bank. You may actually find that you are better off leasing this model through an outside lending institution right now. You can at least use Volvo Finance's current lease program as a reference point to compare with other banks' programs. If you were to lease a 2004 V40 Non-Sport Edition through Volvo Finance this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00359 and 46%, respectively. This is Volvo Finance's base standard lease money factor and as you can see it is not very attractive. It does vary slightly from region to region. The numbers for an otherwise identical 4 year lease of this car should be .00349 and 41%.

Car_man
Host
Smart Shoppers / FWI Message Boards

theeths · June 2003

Car_Man: thanks for all the useful info in your post #6966. I know I asked for a lot of info, but it will go a long way in deciding what car to lease and in cutting a good deal. One minor follow up Q - all of your info was for 10K leases, except for the Lexus ES300 - did you mean 10K instead of 12K, or does Lexus FS just not have a 10K program? Finally, one other Q - is 10K generally the lowest mileage that there are lease programs for? If I could save a bunch by going to, say, 8K, I would probably do it b/c I do not put a lot of miles on my car. Thanks again - as has been said many times before, you da man.

im_brentwood · June 2003

Guys..

I have a Market Scan machine on my desk..

Whatcha need to know?

Granted I do only have NY, NJ and CT programs as I'm in Northern NJ.

Bill

im_brentwood · June 2003

Lexus Financial Services does not offer a 10K program. A few banks, Hann financial being one of them, do. However the 10K programs through outside banks on these cars (Unless it's a Navi car and nder certain terms) really are worse than the LFS program as LFS has support on them, and, depending on your market, you can probably pick one up for invoice.

Bill

CarMan@Edmunds · June 2003

Welcome aboard chigirlintexas. So you are looking into assuming someone else's lease. Let me begin by saying that although different banks have different standards about what sort of credit score is necessary to qualify for their top credit tiers, consumers need a score of over 700 (or even higher) to qualify for some captive finance companies' top tiers. Since your score is only 680, you may run into problems assuming a Tier 1 lease from a company that has a higher cutoff for its top tier, like Toyota Financial Services.

Let's take a look at the deals that you are interested in. As far as the Honda S2000 goes, though I do not have any experience with trying to transfer one of its leases I have heard that American Honda Finance Corp. does not allow lease transfers. If this lease is through AHFC you may not be able to assume it. Given the fact that Honda has not provided any lease support on the S2000 since it was introduced it is possible that this deal is being run through another bank, in which case you may be able to assume it. The deal itself looks pretty good to me.

As far as the second lease goes, the monthly payment doesn't look like anything great. You could lease a brand new one right now for less than or close to that, not including tax. Of course, the $5,000 incentive sweetens that deal considerably.

Looking at the third deal, assuming that you qualified for TFS' top credit tier, you could lease a brand new Tacoma for much less than this right now. I think that I would pass on this one if I was in your shoes, even with the $4,000 incentive.

As far as the last lease goes, it looks fairly reasonable as well. However it is very difficult for me to analyze these deals without knowing what their full MSRPs are. Doing so would allow me to compare equivalent new vehicles to see if you could lease a new one right now for less money.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hey 1234. Yes, once you have negotiated an attractive selling price on the Civic that you are interested in, tell your salesperson that you may be interested in leasing it through AHFC and that you know what its current base lease money factor and residual value are. This definitely is not too aggressive. If you don't let on that you know this car's base factor, they may try to mark it up on you to add additional profit to your deal.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hey lawman10. I'm doing fine. Thanks for asking. How are you doing? You mentioned the full MSRP of the car that you are interested in in your post, which is very helpful, but you never mentioned exactly how long the lease is for and the car's selling price. I need these two additional pieces of information before I can calculate a sample lease payment on it for you.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Ah Ha. I just noticed your next post that states this is a 39 month lease. It still would be a big help if you could provide me with this car's selling price though. This is an important number for you to know anyhow because the sale prices of leased vehicles can be negotiated, just as if you were paying cash for them. You wouldn't pay cash for this car without knowing what price they were charging would you

. Let me know and I will tell you what I think. Talk to you soon.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

No problem, bluetrane. Volvo's 12,000 miles per year residual values for this model should be 2% higher than the 15,000 miles per year residual values that I provided you with earlier. I haven't seen what Volvo Finance's 10,000 mile per year mileage adder is though or if they even allow leases with that few miles.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

No problem, theeths. I did mean 12,000 miles per year when I provided you with the Lexus info. I have never seen what Lexus Financial Services' 10,000 miles per year residual values are like, or if they even offer leases with mileage limits that low. 10,000 miles per year is definitely the lowest number of miles that most banks publish residual values for. Certain banks do indeed allow consumers to lease vehicles with fewer miles than that, but the exact policy on this matter varies from bank to bank. I do know people who have leased vehicles with only 8,000 miles per year in the past.

Car_man
Host
Smart Shoppers / FWI Message Boards

im_brentwood · June 2003

LFS does not do a 10K program. I'm holding their latest rate sheet in my hand...

ljg4554 · June 2003

Hello Carman,

Thanks for the lease info you provided to me on the 3.0 X5. I have one additional question for you. Do you know what the acquisition fees and security deposits are for BMWFS? And if any are being waived for the month of June? My dealer is charging a $725 acquisition fee and $550 security deposit. If it makes a difference, this is on a 3 year 15,000 mile lease.

Thanks

orion7701 · June 2003

Hello,

I am preparing to lease a BMW 330i w/ Performance Package, Zenon, and Leather. What I'm looking to do is to lease for 36 months/12 k per year. My questions is what is the current Money Factor and Residual that BMW FS offers? Also, I hear that I can lower the Money Factor by putting down multiple security deposits. How does that work? On average, how does it affect the monthly payment?

Thank you for your help...

lawman10 · June 2003

Ok CArman here are the terms of the lease and all the other figures you requested. The MSRP is $49370 and they sold the car to me for $42459. The lease terms are $599/month for 39 months 12k miles per year which includes tax and the only out of pocket is $1600 which includes first month. Is this a good deal?

chigirlintexas · June 2003

Hi Car-Man,
Just wanted to say thanks for your input on my potential lease deals. I believe the S2000 is being offered thru Bank One, not Honda, so I may have a chance on the financing. One of my problems is I have too much available credit (I could buy a couple of cars with my credit cards!) and it takes a few months after you close accounts for your credit score to improve, from what I've been told.

Thanks, and I'll let you know how it turns out. I really appreciate your help, and I'm sure everyone who posts here does as well.

Chi(chicago) Girl in Texas

jjgittes · June 2003

Anyone have any opinions on the new widely advertized lease on the Audi A6? I think it says 0 down and $399 a month at 10,000 miles a year. Although I did not read the fine print. Is this good, average, not so good?

gperr · June 2003

Car_man,

I was helping a friend negotiate a deal on a Toyota Highlander AWD V6 and came across some suspect info. can you confirm the following:

1. No GAP insurance included in Toyota Financial leases.

2. Bank Fee $400

3. Residual % is based on Base MSRP only and does not include factory options. (ie- every Highlander AWD V6 has the same residual no matter the factory installed options). This seems hard to believe.

Thanks

Gregg

roxreps · June 2003

Carman my good man,

Thank you for the numbers you gave me. I have opne more query. I've recently been looking at the Allroad, and I'm close to closing a possible deal if the numbers look good. Saw an earlier post where you gave Resid/MF numbers based on (36 mo/12K). What changes if I'm looking at 36, 39, or 42 mo. lease at 15K/yr)? I live in NY.

Thank you in advance (you're a helpful guy)

1234 · June 2003

Hi Carman, how is your weekend so far? Spent too much time in the dealership yesterday, but left pretty happy. Well, I owe it to you to share my results. Thanks to you, I got a good deal. Neg about $1200 off invoice (they were really pushing the coupe on me, probably could have gotten $1500-1700 off invoice on the coupe), got a money factor of .0006 (forgot to ask why I didn't get .0005, too tired I guess), 56% residual (12K, 36) as you expected, resulting in a $311 drive off payment including tax and $159/month payments ($172 incl tax). Sure beats the special 48 month lease AHFC is offering. At the dealer, I calculated my payments to be $155 incl tax and learned the difference between our figures was a $550 acquisition fee. I bluffed and said I've been leasing Hondas for years, always had that fee waived, didn't bite. Have you ever heard the AHFC acquisition fee being negotiable or waived?

The residual ends up being $9,223. I think it should be worth at least $10-11K when I return it, wouldn't you agree? Is that called positive equity? If so, I'll probably buy it and sell it to a dealer/private party for more than the residual at the end of the lease.

I forgot to ask a couple questions b4 leaving. My OTDprice-tax-capcost=$195. I wonder what I was paying for there? Maybe doc, registration, license? Also forgot to ask what I was paying for with my first payment of $311 ($172+what?). Hopefully everything was legit. It doesn't matter much, I'm happy with my payments given that I didn't really put anything down.

I don't know how this leasing virgin could have done it without your help and guidance Carman. You provide a great service. I really appreciate your help. If I want to send you a gift as a token of my appreciation, to which address should I mail it?

CarMan@Edmunds · June 2003

Thanks for the info, Bill. That explains why I haven't seen anything on a low mileage adder from LFS for leases with only 10,000 miles per year. It's strange that they don't offer 10K leases, while most other captive finance companies for luxury brands, at least European brands do.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

You're welcome, ljg4554. I believe that BMW Financial Services' base lease acquisition fee is currently $525. It requires a lease security deposit that is equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment. I don't believe that either of these fees are being waived by BMW in June. If you are leasing this car through BMW FS and your dealer is charging you an acquisition fee of $725 they may be trying to pad it to add $200 in additional profit to your deal. BMW FS does allow dealers to pad its acquisition fee. The only reason why this car's acquisition fee might be higher than $525 is if you are leasing it in the states of NY, CT, or RI where many banks have increased their acquisition fees lately. I have not heard anything about BMW increasing their fee though.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Greetings orion7701. Let's take a look at the current lease program for the vehicle that you are interested in. According to the most recent information that I have seen, if you were to lease a 2003 BMW 330i through BMW Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00120 and 61%, respectively.

BMW does indeed have a multiple security deposit program. It currently allows consumers to put up to 9 security deposits down on leased vehicles, where every additional deposit decreases their vehicle's money factor by 0.0001. If you want to take advantage of this program, you better do it soon though because beginning July 1st, BMW is cutting the reduction that they provide for every additional deposit and reducing the number of additional deposits that can be made.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Thanks for the additional information, lawman10. OK, let's take a closer look at this deal. I just calculated a sample lease payment on the car that you described using BMW FS' base lease program and according to my calculations, if you were to lease a 2003 BMW 530i with an MSRP of $49,370 and a selling price of $42,459 through BMW FS this month for 36 months (I haven't seen a 39 month lease program from BMW FS) with 12,000 miles per year, its zero down, pre-tax monthly payment should be right around $483. So as you can see something definitely does not add up here. Even including tax, this car's payment shouldn't be anywhere near $600 per month.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

You're very welcome, chigirlintexas. I'd love to hear how everything turns out. Talk to you then.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hi jjgittes. Audi has some very attractive low lease money factors available on the 2003 A6 right now. You should be able to get a great lease on one this month. When negotiating your deal, keep in mind that most manufacturers' advertised lease payments leave a little room for negotiation, price-wise.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hi Gregg. Traditionally Toyota Financial Services leases have not included gap insurance. I am not certain, but I believe that this is still the case. Their residual values are funky as well. This is why it is often so difficult to find residual value percentage sheets for them. Toyota dealers actually have computer systems that provide them with specific dollar residual values for all of the vehicles that they have in stock. This helps to eliminate the confusion as to what options can and can not be residualized. They operate a little differently than most other captive finance companies do.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hey roxreps. You're very welcome. If you were to lease a 2003 Audi allroad through Audi Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00080 and 57%, respectively. I haven't seen the 42 month numbers for this particular model, but if you were to do an otherwise identical 39 month lease, its numbers should be .00080 and 55%.

Car_man
Host
Smart Shoppers / FWI Message Boards

CarMan@Edmunds · June 2003

Hey 1234. I've had a pretty nice weekend, thanks for asking. Of course it would have been nicer if it actually didn't rain on Saturday and Sunday AGAIN, but there's nothing that I can do about that

. Thanks for taking the time to come back and let me know how everything turned out. The $550 acquisition fee from American Honda Finance Corp. is completely legit and contains no dealer profit. This fee is levied by AHFC and individual dealers do not have any authority to waive it, so don't worry about having to pay it. Thanks for the gift offer, but it's really not necessary. If you would like, you can always send an e-mail to Edmunds letting them know how much you like this forum

. I am just glad to hear that everything worked out so well for you. Congratulations and enjoy your new car!

Car_man
Host
Smart Shoppers / FWI Message Boards

tonys44 · June 2003

Hi,

I was just told by a Honda Dealer that no manufacturers or banks will be offering leasing programs in NY after July 1. Is this true?

I did read an article on-line about this that stated it was due to "vicarious liability" laws. But, it was stated that there was in bill proposed to change the law.

The dealer told me that a buying program similar to leasing will be introduced to replace leasing.

I am confused, and my current lease is up in November. Any information would be appreciated.

Thanks,

Tony

gperr · June 2003

Car_man,

can you please provide the June MF & Res, 36 months/12K miles (and 39 month if better) for the following:

Honda Pilot EX (non leather, non-nav, no RES)
Nissan Pathfinder SE 4WD
Nissan Pathfinder LE 4WD

Thanks, Gregg

Lease Questions - Ask Here

Comments

Helpful Tools

Most popular vehicles