Lease Questions - Ask Here

CarMan@Edmunds · July 2003

Hey mxpro738. As it currently stands, BMW's lease and incentives programs are scheduled to run through September 2nd. Of course, mid-program changes have and do happen, but more likely than not BMW will not offer any sort of cash incentives on the 2003 3-Series in August. In fact, if there is some sort of strike at its German factories, that would actually make enhanced incentives less likely because BMW would have a smaller supply of vehicles to sell. Anything is possible, but if I was a betting man - wait a minute, I am - I would bet that BMW does not introduce any cash incentives on the 3-Series in Aug.

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CarMan@Edmunds · July 2003

Peter, the capitalized cost that I provided you with was a net cap cost, meaning that the $999 down payment has already been subtracted from it. Remember that manufacturers usually leave a little meat on the bone when they advertise sample lease payments, at least when compared to the low prices that savvy comparison shoppers are often able to negotiate. You are correct, $500 over invoice is more reasonable in today's '03 TL market than $500 + $999 over invoice. This means that with a little work there is a good chance that you will be able to negotiate an even more attractive lease payment than the one that the ad touts.

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CarMan@Edmunds · July 2003

Welcome aboard, surfsupp. Thanks for being such a loyal listener, er ah I mean reader

. You're right, I haven't seen too many posts on the new VW Touareg yet. It sure is a nice truck though. I fell in love with it when I saw it earlier this year at the New York Auto Show. If you were to lease a 2004 VW Touareg V6 through VW Credit this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00200 and 56%, respectively. The numbers for an otherwise identical lease of a 2004 Touareg V8 (not the V8x) should be .00200 and 56% as well.

As far as making a down payment when leasing this truck goes, I definitely would not do so if I was in your shoes. I always advise consumers to lease vehicles without putting any money down. I say this for several reasons. The first is that if your new leased vehicle is totaled in an accident or stolen and never recovered during your lease term, your insurance company pays off the bank that you are leasing it through and your down payment essentially disappears. Also, down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So if you were to lease this Touareg with a $10,000 down payment or none at all, its lease-end purchase price would be exactly the same.

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CarMan@Edmunds · July 2003

Hey djdez. Let's take a look at the cars that your father is interested in. First, if he was to lease a 2003 Honda Accord LX-V6 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 .00210 and 56%, respectively. If your father is not completely sold on leasing, Honda just introduced a new special financing program on the '03 Accord that provides a 2.9% rate for up to 60 months. This is an attractive alternative to leasing this car.

Next we have the 2003 Nissan Altima SE 3.5 V6. If you were to lease this car through Nissan Motor Acceptance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00150 and 54%, respectively. In lieu of this special lease, Nissan is offering 0.9% special financing for up to 36 months and 1.9% for 48 & 60 months on this model.

Next up is the 2003 Mercury Grand Marquis GS. If your father was to lease this car through Ford Credit this month for 3 years with 12k per, its base lease rate (Ford publishes lease interest rates for its models rather than money factors. To convert this rate into an approximate factor, divide it by 2400.) and residual value should be an unattractive 8.25% and 40%, respectively. Ford is also providing $3,500 lease cash on this model that may be used to negotiate a lower selling price. It also has 0.0% special financing for up to 60 months and 1.9% for 72 months on the '03 Grand Marquis.

Lastly we have the 2003 Hyundai Sonata GLS or LX V6. To the best of my knowledge, Hyundai is not currently offering any sort of special lease program on this car. If you were to lease one, you would likely have to do so through an outside lending institution, using the $1,000 customer cash that Hyundai has on it to negotiate a lower capitalized cost. Hyundai is providing special financing rates of 0.0% for up to 36 months, 1.9% for 48 months, and 2.9% for 60 months on this car right now.

If I was in the market for one of these four models, I would definitely go with either the Accord or the Altima way before either the Hyundai or the Mercury.

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CarMan@Edmunds · July 2003

Hello ash213. Acura is currently running two special promotions on the 2003 TL. It is offering 2.9% special financing for up to 60 months or a special lease money factor of .00092. This money factor is equivalent to an interest rate of right around 2.2%, so as you can see interest rate wise these two programs are fairly similar. You really can't go wrong with either one. I personally would probably lean slightly towards leasing this car, just because the new model will have been out for several years by the time your lease is up. Assuming that it has been well received in the marketplace, older style TLs may be worth less than they normally would have been after several years. Leasing would protect you from any drop in value. Still, you really can't go wrong with either of these programs.

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viper0074 · July 2003

Thanks again for your help.

Peter

CarMan@Edmunds · July 2003

Hey joegolfs. Thanks for the kind words. I believe that I responded to your original post yesterday. Please let me know if you have any other questions.

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CarMan@Edmunds · July 2003

You're very welcome, Peter.

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CarMan@Edmunds · July 2003

Let's take a look at the deal that you have been quoted, jimshade. You never mentioned an MSRP or selling price for this car in your post, so for now I will calculate a sample lease payment on it using the MSRP and True Market Value that are listed here at Edmunds.com. According to my calculations, if you were to lease a 2004 Acura TSX with an automatic transmission but without Navigation (MSRP: $26,990 / Cap Cost: $26,977) through American Honda Finance Corp. this month for 3 years with 12,000 miles per, your zero down, pre-tax monthly lease payment should be right around $360. How good the $384 per month including tax you were quoted is depends upon what your state's tax rate is and how tax is calculated on leases where you live. You may want to get them to quote you a payment on this car, pre-tax that you can use for the sake of comparison. It definitely looks as though you are paying full MSRP for this car, or very close to it. That seems to be the going rate for the TSX, but just to make sure you may want to stop by the following discussion to see what others have paid for this car lately: tturedraider "Acura TSX Owners - What did you pay?" Apr 30, 2003 7:16am .

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CarMan@Edmunds · July 2003

You're welcome, cwiginton. You're right, the program did recently change. Consumers used to be able to put up to 9 additional security deposits down on leased vehicles, with each one deducting .00010 from the vehicle's money factor. However, on July 1st BMW revised this program and it is no longer as attractive as it once was. I don't have the specifics of the new program in front of me right now, but if I remember correctly, BMW cut the number of additional deposits that can be made to something like 5 and reduced the deduction for each one to around .00005.

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CarMan@Edmunds · July 2003

Greetings mzinzi. Here is the information that you are looking for. If you were to lease a 2003 Lexus IS 300 with a manual transmission through Lexus Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00100 and 51%, respectively. The 39 month money factor for this car would be exactly the same, but the residual value would fall to 48%. I haven't seen this car's 42 month program.

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CarMan@Edmunds · July 2003

You're welcome, marku22. The convertibles do often have different numbers than the coupes, just not this month.

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CarMan@Edmunds · July 2003

Good morning cpisano. According to the latest information that I have seen, if you were to lease a 2003 Chevrolet Tahoe LT 2WD through General Motors Acceptance Corp. this month for 4 years with 12,000 miles per, its base lease rate and residual value should be 6.5% and 57%, respectively. In some parts of the country, General Motors is providing bonus cash on the '03 Tahoe that may be used in conjunction with the aforementioned lease program.

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CarMan@Edmunds · July 2003

Hi jmayhall. That certainly is a low lease money factor that you were quoted for this truck. If that is indeed the factor that this dealer is using to calculate your lease payment it is a pretty good deal. Let's take a look at the numbers that you were given. According to my calculations, if you were to lease a 2003 Toyota Sequoia LTD 4WD (MSRP: $47,000 / Cap Cost: $43,218) using a money factor of .00015 and Toyota Financial Services' 39 month, 12,000 miles per year residual value of 48%, your pre-tax lease payment should be right around $540. It definitely looks as though there was some sort of miscommunication between you and the dealer that you are working with. To be honest with you, I haven't seen any money factors on this truck that are as low as the one that you mentioned. The lowest special factor that I have seen on it is .00151. Using that factor, a 39 mo. 12k lease on this truck would end up being $629 per month, pre-tax, which is much closer to the payment that you were quoted.

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CarMan@Edmunds · July 2003

You're welcome, Tony. Let me know if you have any other questions in your search for a new car.

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CarMan@Edmunds · July 2003

Hi shayna. I have not heard anything specific about BMW Financial Services increasing its lease acquisition fee on August 1st. However, it would not surprise me if it did raise this fee in the states of New York, Connecticut, and Rhode Island sometime in the near future. Many banks have already increased their acquisition fees by several hundred dollars in those states because of the vicarious liability laws that exist there. In fact, some banks have switched over to balloon notes or have completely ceased leasing in these states. I should be able to tell you exactly what BMW FS has done with its acquisition fee in early August if you want to check back with me then.

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CarMan@Edmunds · July 2003

Hi T, or should I call you Mr. T

. OK I know that was bad but I am getting a little punchy after answering three thousand five hundred and two lease questions in a row

. Toyota's lease program varies by region, but I do not believe that it is providing any sort of lease support on 2003 4Runner SR5s that have the appearance package, so for now I will assume that is what you are interested in. If you were to lease this truck through Toyota Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00220 and 60% with 4WD and 56% with 2WD.

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jimshade · July 2003

Carman,

My selling price for the car was actually quoted at 26,390 ($600 below MSRP) and the state tax is only 3% (NC). The issue is that my adjusted cap cost is being quoted at $27418 (26390 + 550 (AHFC acquisition fee) + 478 (I still can't figure out what this is). The woman I am dealing with tries to explain this 478 to be tax, but then there is also tax charged on the monthly payment, so to me it seems like I am getting taxed twice. Am I wrong because my payment of 389 seems too high.

Thanks.

mzinzi · July 2003

Hi Car_Man...

I'm sorry to keep bothering you!!! My wife and I can;t seem to make up our minds

Looking for MF and Residuals for 2004 Acura TSX...

12,000 miles
36,39,42 months

Thanks again for all of your help!!!

mzinzi · July 2003

Car_man...

This is the last one I promise

2003 BMW 325i
12,000 miles
36,39,42 months

MF and Residuals greatly appreciated

Thanks!

mxpro738 · July 2003

Hello folks!

I am in the middle of a lease negotiation on a 330i. I am being told that as of July 7th, BMW increased it's lease acquisition fee from $500 to $1,000. Ouch! Is this valid? For what it's worth, I am in New York State.

If anyone here knows the answer, I would greatly appreciate your help.

Best regards!

aramus · July 2003

mxpro738,

Once again living in New York State is a nightmare. Many leasing companies are either raising the acquisition fee or pulling out of New York State completely. You need to thank our wonderful legislature for this bit of insanity. As the democratically controlled legislature is in the pocket of the trial lawyers, they have refused to change an archaic law where the leasing company can be sued for liability.

Why not look at a G 35? I just leased a Infiniti and there was no increased fees.

jeffschu · July 2003

Good Afternoon Car_man,

I am looking to lease a 2003 Ford Explorer XLT. Could you please provide me with information on 36 and 48 month leases with 12,000 miles per year? The MSRP on the vehicle is 33,510. If you need the region that I am in, it is Northern KY.

Thanks a lot!

inuganti · July 2003

HI Carman:

I have been quoted the following details on a 540i. Am about ready to get it but am curious as I think they can do better on the money factor.
MSRP 61170 Cap Cost 54295
Resdiual 46% Money Factor .002 48mth/12K miles lease. How much lower and is the lease acquisition fee really $795? This quote they say is through Chase

T in So Cal

radar10 · July 2003

Hey Car_man,

Ref message 7163

Thanks so much for all your help! I finally have a deal on the 2003 325 convertible. It was the only one left in the north-east with the options I was looking for! The dealer is going with Chase for the financing. They quoted a MF of .0019 and res of 59% for the 12/36 program. BMWFS was at .0022 and 57%.

The deal ended up as follows;
MSRP - $43,620
Sell Price - $39,827 (Edmunds TMV at $43,000)
Cap Cost reduction - $700
Base monthly - 495/month + tax
The only other fees were $795 Acq and $200 doc/licence.

The way I see it, the dealer made out with over 2K profit(because of the 2500 cash back) and I am paying less than if I went with BMWFS.
Thanks again for all your help.

David T

tbwill · July 2003

Hi:

I saw your earlier post regarding 36 month/15,000 mile lease money factor and residuals for a 2003 Audi allroad and wondered what the figures were for a 48 month/15,000 mile lease. I'm located in central California if that matters. Have the residuals changed any on the 36 month lease or are they good until August? Thanks.

Tom

new5er · July 2003

Car man. What are the current BMWFS money factors for following 2003 sedans 525/530 and 325/330? And are they good thru Sept 2.
Do the base rates apply to below inovice deals on 5 series or do they use another rate? I get mixed stories.Thanking you in advance!

CarMan@Edmunds · July 2003

Hello bsagin. The lease money factor that you were quoted for this car is right on the money. This is a good sign because it means that the dealership that you are working with is not marking up BMW FS' base money factor to try to add some additional, hidden profit to your deal. As far as the monthly payment that you were quoted goes, it is difficult for me to accurately evaluate it without a little more information from you. If you let me know what this car's full MSRP is and how many miles per year this lease includes, I can calculate a sample lease payment on it to give you an idea of exactly what it should cost to lease right now. Talk to you soon.

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CarMan@Edmunds · July 2003

Hi again mxpro738. Have you checked out the following article that is available here at Edmunds.com: Calculate Your Own Lease Payment. I have a feeling that is will answer a lot of the questions that you have. I would be more than happy to calculate a sample lease payment on this car for you, but first I need you to tell me its full MSRP. One needs two prices when calculating a lease payment, the vehicle's full MSRP and its capitalized cost. To arrive at the cap cost, subtract any incentives that the dealership is willing to share with you and your down payment from your vehicle's negotiated selling price.

Also, in your post I noticed that you mention a "trade in of $5,000." I personally feel as though you would be much better off not putting any money down when you lease this car. You may have read this in one of my previous posts, but there are two main reasons why I am personally opposed to making down payments on leases. The first is that if your vehicle is stolen and never recovered or totaled in an accident during your lease term, your insurance company pays off the bank that you are leasing it through and your down payment essentially disappears. The second main reason is that down payments do nothing to reduce the lease-end purchase prices of vehicles. So for instance, the lease-end purchase price of this car would be exactly the same whether you put $5,000 down on it or nothing at all down. If I was in your situation, I would either get the dealership to cut me a check for the trade or sell it on my own.

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CarMan@Edmunds · July 2003

Mxpro738, I have never personally purchased a vehicle from BMW FS at the end of a lease term. However, I have never heard that vehicles that are bought at lease-end are automatically registered as Certified Pre-Owned models and receive all of the benefits that are associated with that program. I would think that one could pay extra to have their vehicles labeled as CPO models, but I doubt that this is included in BMW leases at no charge to the consumer. Perhaps someone else out there has purchased a BMW at the end of their lease and would be willing to share their experience with us.

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CarMan@Edmunds · July 2003

Welcome to the wonderful world of leasing, brian4001. Unfortunately, the 0.0% special financing that you have seen mentioned in Ford Taurus commercials is not available on leases. The interest rates that are currently associated with '03 Taurus leases are more in the area of 4.75%. Similarly, the retail consumer cash is not always compatible with manufacturers' lease programs either. However, in this instance Ford has a ton of lease cash available on the 2003 Taurus that may be used to negotiate a lower selling price. In many parts of the country, Ford has up to $4,500 lease cash on this model! As far as the specifics of this car's current lease program go, if you were to lease a 2003 Ford Taurus Sedan SE through Ford Motor Credit in your area this month for 3 years with 12,000 miles per, its base lease rate and residual value should be 4.75% and a shockingly low 35%, respectively. You need to divide this lease rate by 2400 to convert it into an approximate lease money factor that you can use to calculate a monthly payment. Make sure to take a look at the "Calculate Your Own Lease Payment" article that I provided a link to two posts ago to find out exactly how to calculate a payment on this car.

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CarMan@Edmunds · July 2003

From what I have heard, $600 below MSRP is a decent deal on the TSX right now, jimshade. The tax situation sounds strange to me as well. It is difficult for me to keep track of how tax is calculated in every state, but you may be able to find out exactly how tax is calculated on leased vehicles where you live by visiting one of the following Web sites: North Carolina Department of Transportation Division of Motor Vehicles or North Carolina Department of Revenue.

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CarMan@Edmunds · July 2003

Last one eh

. No problem, mzinzi. I am always glad to help out. Let's take a look at your next two posts. OK, if you were to lease a 2004 Acura TSX 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 .00205 and 64%, respectively. The numbers for an otherwise identical 39 month lease should be .00205 and 57%. I have not seen AHFC's 42 month numbers for this car.

If you were to lease a 2003 BMW 325i through BMW Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00150 and 59%, respectively. BMW did not publish any 39 month numbers for this car this month, but its 42 month, 12,000 miles per year numbers should be .00150 and 56%.

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CarMan@Edmunds · July 2003

Good morning jeffschu. I have not seen Ford's exact lease program for your area, but in most of the country, if you were to lease a 2003 Ford Explorer XLT 4WD through Ford Motor Credit for 3 years with 12,000 miles per, its base lease rate and residual value should be 2.25% and 42%, respectively. The numbers for an otherwise identical 48 month lease of this truck should be 3.75% and an ugly 37%. In addition to this lease program, Ford is currently providing $2,500 base lease cash on the '03 Explorer that may be used to negotiate a lower selling price. Midway through the month, Ford introduced at least another $500 lease cash that may be used in conjunction with the aforementioned cash.

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CarMan@Edmunds · July 2003

Hi T in So Cal. BMW Financial Services' base lease acquisition fee in your state should be $525. Though I have to say that by looking at the numbers you were given, this lease may not be through BMW FS'. According to the latest information that I have seen, BMW FS' residual value for a 4 year 12k lease of a 2003 540i should be 42%. It would not surprise me if the dealer that you are working with is running this lease though a different bank. It does not really matter what bank they use because BMW is not providing any sort of lease support on this model right now, only dealer cash that may be used to lease it using BMW FS' standard lease program or through another bank if its program is better. Oh silly me, I just noticed that your lease is through Chase. Well, that explains it. I do not personally know what Chase's lease acquisition fee is off of the top of my head, but I would not be completely surprised if it was as high as you were quoted.

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CarMan@Edmunds · July 2003

You're very welcome, David T. Thank you for taking the time to come back and let us all know how everything turned out. Enjoy your new car!

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CarMan@Edmunds · July 2003

Greetings Tom. Here is the information that you are looking for. If you were to lease a 2003 Audi allroad through Audi Financial Services this month for 4 years with 15,000 miles per, its base lease money factor and residual value should be .00035 and 46%, respectively. Audi's July lease program is currently scheduled to run through August 5th.

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CarMan@Edmunds · July 2003

Ahhhh, last post...for now

. Hey new5er. BMW is not currently providing any sort of lease support on 2003 5-Series models. They have replaced their special lease money factors on these cars with dealer cash of $3,500 on the '03 525i and $4,000 on the '03 530i. You can still lease these models through BMW FS, but you would have to use its standard lease program. BMW is still providing lease support on all 2003 3-Series sedans. In order for me to give you an idea of what these cars' lease programs are currently like, I need you to tell me how long you plan on leasing them for and how many miles per year you wish to be able to drive them without having to pay a lease-end penalty for excess mileage.

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djdez · July 2003

Just wanted to thank you again for providing all that info on the cars my dad is interested in.

However though, he is now interested in leasing a 2003 3.2 TL .. who would have thought ?? I'd just sell him my CL !! Anyway, I knew the residual of 58% and money factor of .00092 for 36 months/12000 miles per year since you provided it for someone else. However, I found out that the money factor INCREASES to .00102 if you wish to waive the $375 security deposit ... they guy showed it to me, it's straight from AHFC.

We were given a deal of $354/mo INCLUDING tax, on a lease in Philadelphia (remember, Philly is 10% tax on a lease - OUCH) .. with a shade under $600 due at signing) .. they used the .00102 MF to waive the security deposit, but they rolled the $550 bank fee INTO the monthly payment on the lease. My dad was HOPING to be around $330/mo WITH tax included. The price was based on $400 UNDER invoice, which I'm guessing is a pretty good deal. But even if they dropped it a little lower he might be AT that $330 a month, however, they would not move below that ... Dropping the price to around $1000 below invoice would get him close, but again, they wouldn't do it since they said they'd be LOSING $$ on the car, but don't they ALL say that ???

Would any dealer do this ? At this point it IS close to their cost (but we never know EXACTLY what that # is anyway) ... I figured it at being around $26000 for the base TL, but they say it's higher. I figured it .. Invoice ($26913) - Holdback ($870) - Additional $ ($270) for a TRUE Dealer Cost of around $25773 ... so I was adding the extra $300 back ...

Even at $350 a month WITH tax, and only $600 due at signing, that IS a good deal for this car, he just didn't want to be that high in a monthly payment, and we all know about NOT putting money down at signing to lower the payment ...

Sorry for the long rant, THANKS AGAIN !!

gmanusmc · July 2003

CarMan - has GMAC published their residual and lease rate info on the 04 Corvette Hatchback Coupe yet? Interested in 36 & 48 months, 12K and 15K per year.

Thanks again in advance!

Bill G

mxpro738 · July 2003

Car_man:

Thanks for all the helpful info. You have answered quite a number of questions for me.

I will need to read more here, as I do not understand the significance of the cap cost.

Also, are buyouts always = MSRP x Residual? (or does one use the agreed upon selling price?

Best regards.

bsagin · July 2003

Car Man, the MSRP on the '03 325i is 37,170. 15k a year mileage.

Thanks for the help.

brian4001 · July 2003

Thankyou for the info on the Taurus. The low residual (35%) has scared me away from leasing the Taurus. Time to look for another car..

Thanks again!!

tbwill · July 2003

Car_Man:

Thanks for the info on the 48 month/15k lease for the Audi allroad. Are the 36 month/15k numbers still .00025 for the money factor and 54% for the residual? Also, if you don't mind, could you let me know what the MF and residuals are for an Audi A4 in central California for both 36/15k and 48/15k. Thanks.

Tom

jratcliffe · July 2003

I wouldn't lease a new Taurus - buy one that's a year old. Your payment will be about the same, and you won't be collossally (sp? there's an extra L in there somewhere!) upside down the moment you drive the car off the lot.

surfsupp · July 2003

... or your beverage of choice. thanks for the tips and the advice of not putting any money down on the lease! as you seem to be appreciating the touareg as well, i find myself asking "what would Car_man do?".

in my previous post, i wasn't too clear about the options i am considering for the touareg. which do you think makes the most sense?

1) Option 1: Purchase a base v8 Touareg. Assumptions:
* Purchase price = MSRP = $41,250 (not too much discounting going around)
* With tax (8%) and title (1.5%), the total cost of the vehicle is $45,442.
* Special financing of 3.75% for 60 months.
* Tradein/Cash Down = $12,500
= Payments of 602.98/month for 60 months

2) Option 2: Here my numbers vary between the leasing article in edmunds and the leasing calculator. This is for a lease of 36 months at 15k miles/year.
* Total Cost of Vehicle = $42,729 (*This is somehow impacted by the security deposit and acquisition fee - that i haven't figured out)
* Security deposit $750, Acquisition Fee $500
* Money factor - 0.0020
* Residual - 56% or $23,100
* No money down
= Lease Payment = $731/month for 36 months

For me to have a lease payment matching the car payment above I would have to put $4000 down on the lease.

Well, with that said - I don't know if you have any thoughts as to which options would be the most appealing. Thanks again for the help and letting me know which option will put me inside the treg best!

bimmaboy23 · July 2003

hey car_man,

went to dealer..this is for an 03 330i, check this out:

12,000 mi/year
42 month lease
MSRP = 40,445
invoice = $37,030

Car is in VA.

We agreed to $800 over invoice, so:

Negotiated Price = $38,190 (included in this is a 360 MACO fee, is that ok?)

residual = 53%
MF = .0016

He said that i would pay $1,391.97 up front for a $550 security deposit + tags + first payment + tax.

With that paid, I would have a $543.97 monthly payment.

When i run those numbers, im getting $494 before tax and $516 after it.
Also, when I told him I would be interested in giving multipe security deposits in place of a down payment, he looked at me like i was from mars :-8

bimmaboy23 · July 2003

he also said that a 36 month lease would have a higher monthly payment than a 42 month lease..he said the three year numbers were:

55% residual
.0016 mf....what do i tell him about his inaccurate numbers?

mzinzi · July 2003

Ok Car_Man I lied

Need info on another one!

Can you get me the info for a 2003 Honda S2000...

12,000 miles
36,39,42 months

Thanks!!!!

catherine9 · July 2003

Car_Man, could you please calculate the monthly payment for a Linear 9-3 automatic?
MSRP: $27,920
TMV: $24,385
Local Sales Tax: 9% (I live in New Orleans)
Miles: 10,000 (or lower)
Duration: 36 mths

Does the TMV represent the sale price of the car after incentives?

I've never leased a car before, so any advice would be greatly appreciated. Thanks in advance.

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