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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again djdez. Here is the information that you are looking for. If you were to lease a 203 Infiniti M45 through IFS this month for 39 months with 10,000 miles per, its base lease money factor and residual value should be .00032 and 51%, respectively. As far as the 2003 Infiniti G35 Sedan goes, if you were to lease one through IFS right now for 39 months with 10,000 miles per year its base factor and resid should be .00156 and 57%. Infiniti definitely has has dealer cash available on the '03 M45 and '03 I35, but I do not believe that it is offering any sort of cash support on the 2003 G35s yet.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    My bad, jas413. That was the lease program for the 2004 S60, not the 2003 model. I have to switch my brain to 2004 model year mode now that so many new models have arrived. Sorry for the confusion.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi aleksd1. I have not seen the lease program for the 2004 Infiniti FX models yet, but I would be more than happy to give you an idea of what the lease program should be like on the 2003 model at this time. First I need to know if you are interested in the FX35 2WD, FX35 AWD, or FX45.

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  • tripolitripoli Member Posts: 11
    I am returning a Audi 39 month lease. The car was stolen before the tag expired. The car was then recovered and spent six weeks in the shop. I am now turning in the car. The inspection was just completed with and the car passed. My question is, do I have to bring the tag current before I turn in the car? I know that I can be ticketed, but can Audi require me to renew it before I turn it in?

    Thanks in advance.
  • trickydicktrickydick Member Posts: 37
    Thanks for the homework, Car_Man. I'll get right on it :).

    As for the TSX, the car seems to be selling in NJ at MSRP, which is $26,490 plus $500 destination charge (without the navi). Hope this is enough info for you to help me. Thanks again!
  • bowke28bowke28 Member Posts: 2,185
    they can, but they may or may not, depending on their individual regulations. ford does, honda does, and nissan does require current registration.
  • djdezdjdez Member Posts: 119
    OK Car_man ! I think I have it all, but before I try to DO this deal, just a few more things .. sorry for being such a pain in the YOU KNOW WHAT !!

    That money factor IS lower than last months .. it was .00049 or .00064 (waiving the security deposit) .. should I assume that this month it would be .00032 with the security deposit, and .00047 with it waived ?? I see the residual only dropped 1% since last month.
     
    And, when you say they DO have dealer $$$ available on the M45 .. is it the same deal as last month with up to 3 $1000 closing certificates again ? Can they still apply that $3000 along with the $1500 incentive you mentioned they had last month ? The TOTAL dealer $$$ available would then be $4500 ... which gets me to the cap cost I'm looking for and gets me to that slightly over $400 a month payment after all my calculations ... I did get them to give me ALMOST the whole $4500 during last month's negotiations, but the money factor and MSRP of the car involved bumped the price too high.

    Thanks .. YET again !!!
  • boo20boo20 Member Posts: 85
    You stated "..first, the money factor IS used on the entire MSRP. reason: you must pay taxes on everything from MSRP..."

    What in the world do the taxes have to do with the money factor? The money factor is basically the interest rate on the amount you are effectively borrowing from the leasing company. Interest on how much money the leasing company has to put up to purchase the car. At the beginning of the lease you have effectively 'borrowed' the cap cost. At the end of the leae you have effectively borrowed the residual. The interest is equal to the interest rate X 1/2 the sum of these two numbers which is MF X (cap cost + residual).

    There's no rocket science here and it doesn't even require a computer to figure this out.
  • aleksd1aleksd1 Member Posts: 37
    Car_man, sorry for incomplete info. I'm interested in FX35 AWD.
     Thanks
  • pfjepfje Member Posts: 25
    Hi Car_Man,

    Here is the additional information you requested:

    MSRP: $46,075
    FX35 AWD

    I have been quoted the following for a FX35AWD Technology Package:

    39 months 15,000 a year with a cap cost of $42,600 and a residual of $22,611.05

    $647.20 a month with $2,777.20 due at delivery
    or
    $705.15 a month with only 1st payment due at delivery

    What do you think? I live in Maryland.
    Once again, thank you for your assistance.
  • topgun7topgun7 Member Posts: 412
    Hello Car_man, thanks you very much for getting the information. Do you know if Lexus still allow for multiple lease deposit to lower the money factor? Also do Toyota allow for mulitple deposit to lower money factor on Solaras? If so what is the max number of deposit allowed.
  • howachowac Member Posts: 52
    Hi Car_man,

    I inquired about the lease numbers on a 2004 Mazda RX-8 6MT with the GT package about a month ago. Unfortunately Mazda didn't publish their numbers in August. Would you happen to have the money factor and residual value now? How badly does the navigation option affect the residual value? We're interested in 36 months and 12k miles per year. Thanks in advance!
  • nephromannephroman Member Posts: 2
    Greetings Car Man,

    Can you please post the money factor and residuals for 2004 Audi A4 1.8T CVT(no Quattro)for Audi Financial Services standard lease program in Texas? Your help is gladly appreciated. Thanks!
  • nephromannephroman Member Posts: 2
    CarMan,

    Can you please post the money factor and residuals for 2004 Audi A4 1.8T CVT (no Quattro)for Audi Financial Services standard lease program in Texas? This would be for 15,000 miles a year/36 months lease. Your help is gladly appreciated. Thanks!
  • hooopshooops Member Posts: 64
    Hi Car_man,

    Since the Suburban lease numbers are nothing to write home about, can you provide me with the numbers for a 15K/36 month lease on a 2003 Ford Expedition (XLT Premium Style 4x4 4.6L) and a
    2004 Ford Expedition (XLT 4x4 4.6L with Leather Seats).

    Thank you
  • meinradmeinrad Member Posts: 820
    Sorry I didn't respond earlier to your reply, but I was out driving my new Element in the Laurel Highlands.

    I got the 4WD EX Auto at just the terms you stated. Add to that a price of just over invoice and no money down and I got a car at a monthly payment I'm more than happy with.

    Thanks for your efforts, it certainly makes it easier to be confident in negotiations.
  • eggendeggend Member Posts: 4
    Car_man--Thanks for the numbers on the allroad/XC90/Touareg... I have a followup question: You quoted a money factor of .00180 for the 2004 allroad (with a 60 percent residual) for this month. A dealer I have been negotiated with claims .00180 is the "base rate" but that the "dealer rate" is .00200...Am I being hoodwinked?
  • tre6tre6 Member Posts: 4
    Car_man

    I have been quoted a lease on a 2004 BMW 330Ci.
    42 months / 18k/year - lease factor: .0022
                           residual: 50%

    They said the numbers were the same on the sedan.

    How does this look? Did they mark this up?
    If I get the Perdormance package on the sedan are the residual and lease factor any different?

    Thanks Car_man!
  • mookie14mookie14 Member Posts: 252
    to your response to 7849 ill add this. on my credit report will it show that if we pay the lease off will it say pd in full. also can we put the lsat pymt in with the wear and tear charges. which is in excess of $3500 bucks. in a nutshell we are trying to get up some $$$ im thinking off not filing cause i want to pay this ford off so im curious thanks.plus the feeling of paying off a lease. and Never being late its like paying off a 5 yr loan. which the lease was not 5 yrs but you know what i mean also i se in another post my tags have tyo be current? REALLY! does everything has to work or better yet is this the word not seen dent, scratch, burns, or heard very loud, is that it let me know.
  • liannellliannell Member Posts: 47
    A couple of questions I haven't seen in any of the leasing guides...

    1. I understand the lessee is responsible for all maintenance during the lease term. Does this include ALL scheduled maintenance? Mainly I'm asking about oil changes. If you don't do them (and document them) every 3k miles, what happens? And are you required to do all maintenance at a "dealership or authorized center"? Or can Jiffy Lube, etc. handle it?

    2. What about doc fees on a lease? You're already paying an acquisition fee. Is it standard practice to pay one or the other, but not both? (I'm sure the dealers will always try for both, but I'm wondering how successful folks are in getting one cut out.)

    Thanks!
  • njgreenbullittnjgreenbullitt Member Posts: 1
    Let's see if I can explain this and get good advice.

    The $420 per month lease on my '01 Escape is over in April.

    I just leased an '04 Jeep GCL for $349 and the Jeep dealer "bought" (discounted the Jeep by) 3 Escape payments.

    Over a beer I asked my neighbor if he wanted to take over the Escape to lease end for "around $250 a month" which is what I owe if I really apply the credit the Jeep dealer gave me to the Escape and not just as a discount.

    He said "Sure!" - but that's really taking a chunk of money out of my pocket.

    Now what do I do?

    I don't want to pay my neighbor $170 a month to drive the Escape.

    Even though the dealer "bought" 3 months, I still have to pay $420 a month to Wells Fargo for an extra Escape.

    Should I look for somebody else to take the lease for the full $420?

    Should I tell him we might work something out, but I was way off base with $250?

    Thanks for any advice........
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Fair enough, TrickyDick. We'll calculate a sample lease payment on this car for you based on it selling at full MSRP. According to my calculations, if you were to lease a 2004 Acura TSX without navigation with an MSRP and selling price of $26,990 through American Honda FInance Corp. this month for 4 years with 12,000 miles per, your zero down, pre-tax monthly lease payment should be right around $333.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're not being a pain at all, djdez. I is important to completely understand the deal that you are getting into when we are talking about so much money. After all, that's why you came here to Edmunds.com :). You are correct about this car's lease money factor. I believe that Infiniti Financial Services' security deposit waiver adder is something like .00015. So this car's factor for the term that we are discussing would increase to .00047 with a waiver of the deposit. As far as the dealer cash goes, Infiniti is still providing the $1,000 closing certificates on the '03 M45. Up to 3 certificates may be used per deal and they are now compatible with the IFS lease program, but as you have already seen, it is difficult to know whether the dealership that you are working with has any certificates left. Infiniti is also providing a a dealer volume bonus on 2003 M45 models in certain regions that gives dealers $1,500 per M45 after they have sold their 3rd unit this month. These two programs may be combined, theoretically allowing dealers to provide $4,500 in incentives on this car.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, aleksd1. Thank you for the additional information. If you were to lease a 2003 Infiniti FX35 AWD through Infiniti Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00156 and 51%, respectively. The numbers for an otherwise identical 4 year lease should be .00157 and 43%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Well, there certainly seems to be a lot of interest in the Infiniti FX models this month. Let's calculate a sample lease payment on this vehicle for you, pfje, and see what we come up with. According to my calculations, if you were to lease a 2003 Infiniti FX35 AWD with an MSRP of $46,075 and a selling price of $42,600 through Infiniti Financial Services this month for 39 months with 15,000 miles per, your zero down, pre-tax monthly lease payment should be right around $615 or so.

    I calculated this payment based on nothing down, because it is in your best interest to put as little money down as possible when leasing a vehicle. I say this for two main reasons. The first is that if your vehicle is totaled in an accident or stolen and never recovered during your lease term, your insurance company pays off the bank that you were leasing it through and any down payment that you have made essentially disappears. The second main reason is that down payments on leases do nothing to reduce vehicles' lease-end purchase prices. So if whether you were to put $10,000 down on this vehicle or nothing at all, its lease-end purchase price would be exactly the same.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, topgun7. Yes, I do believe that Lexus still allows consumers to make multiple security deposits on leases. If I am not mistaken, consumers can make up to 9 total security deposits on Lexus Financial Services leases. I have never heard of anyone making multiple security deposits when leasing Toyotas though. You will have to ask the F&I person at the dealership that you are working with if this is allowed on Toyotas.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey howac. The RX-8 lease program sure has been difficult to find information out about. I still haven't seen the lease program for this car yet. I suspect that this is because as one might expect, Mazda is not providing any sort of lease support on it yet. Many dealers seem to be leasing this car for their customers through outside lending institutions. Sorry that I couldn't be of more help.

    Since I don't know exactly that Mazda's lease program on this car is like, it is difficult for me to say how the navigation system impacts this car's lease program. Generally speaking though, most vehicles that are equipped with navigation have residual values that are about 2% lower than equivalent non-navigation models.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings nephroman. Thanks for putting the length of the lease and the mileage that you are interested in in your second post. Here is the information that you are looking for. If you were to lease a 2004 Audi A4 1.8T Sedan without quattro through Audi Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should currently be .00185 and 54%, respectively.

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  • jmcclenahanjmcclenahan Member Posts: 15
    Car Man, in August you told me the 42-month figures for an Audi A6 quattro 3.0 were MF of .0016 and 53% residual. But you also said that those were only thru Sept. 3. Do you know what the new figures are for the same 42-month term?

    thx!
  • metmdxmetmdx Member Posts: 270
    Hey Car_man:

    Did you "get the feeling" yet on Toyota's programs yet? Radio says there's Toytoathon 1,000 cash to customers on 4runner. Dealer told me last week $750. Who's on first?
    thanks,
    metmdx
  • landru2landru2 Member Posts: 638
    It sounds like you need 'Dear Abby' more than Edmunds. :^)

    Tell him $250 was not the correct amount.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi hooops. Unfortunately, you aren't going to be thrilled with the lease program for the 2003 Ford Expedition either. For some reason large SUVs never seem to have attractive leases available on them. If you were to lease a 2003 Ford Expedition XLT Premium 4WD through Ford Motor Credit this month for 3 years with 15,000 miles per, its base lease rate and residual value should be 8.25% and 48%, respectively. The numbers for an otherwise identical lease of the 2004 version of this truck would have a rate and residual of 7.25% and 49%. To help offset these high lease interest rates, Ford is currently providing around $4,000 lease cash on the '03 Expedition and $1,000 on the '04 Expedition that may be used to negotiate lower capitalized costs on them.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, meinrad. Congratulations on your new ride. Thanks for taking the time to come back and let us know how everything turned out. Enjoy!

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, eggend. Yes, .00180 is this car's current base lease money factor. This is the number that Audi is providing on it at this time. Dealers are definitely allowed to lease vehicles to consumers using base lease money factors. Most usually do. However, the dealer that you are currently working with is marking up Audi Financial Services' base lease money factor to this so called "dealer rate" to add additional profit to your deal. As long as there is some competition for your business in your area, your dealer will likely cave in if you insist that they calculate your deal based on the base factor.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tre6. I am happy to say that your dealer quoted you BMW Financial Services' base lease money factor for this car, so they are not trying to mark your factor up to add additional profit to your deal. BMW FS' 42 month 15,000 miles per year residual for this car is currently 54%. I don't see too many leases with 18,000 miles per year, so I am not positive what this car's resid should be, but the one that you were quoted looks about right. I do not believe that the Performance Package has any effect upon this car's lease factors or residuals.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Liannell, it is a good idea to get one's oil changed every 3,000 miles or so, regardless of whether their lease contract forces one to do so. Oil changes are a relatively inexpensive way for consumers to make sure that their vehicles will continue to work well. I do not know whether lessees are technically required to change their vehicle's oil and perform scheduled maintenance at certain intervals, this will likely vary depending upon the bank that holds the lease. However, in reality banks never check to make sure their lessees have performed routine maintenance, unless their vehicle has some sort of major problem. This is why many luxury manufacturers introduced free scheduled maintenance on their vehicles. It assures that their lessees will perform proper maintenance on their vehicles and that they will get them back in good shape.

    Lease acquisition fees are assessed by the bank that you are leasing your vehicle through and have nothing to do with the dealership that you are getting it from. Doc fees are charged by individual dealerships on all of their deals and will not disappear just because you are leasing. If you are shopping at a dealership that has a high doc fee, just make sure to take this additional profit into account when you make your offer.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again, jmcclenahan. Here is the latest. If you were to lease a 2004 Audi A6 3.0L Sedan with quattro through Audi Financial Services this month for 39 months (I haven't seen the 42 month numbers yet) with 15,000 miles per year, its base lease money factor and residual value should be .00185 and 52%, respectively.

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  • tennbergtennberg Member Posts: 45
    Hi Car_man,

    Do you know what the money factor and residual would be on a 2004 Jetta GLS with, let's say, a 36 month lease and 12,000 miles per year? I am trying to get a general idea of what those figures might be, as I can't find them anywhere.

    Thanks.
  • chigirlintexaschigirlintexas Member Posts: 73
    If anyone has had their lease successfully assumed through any of these web sites, would you let me know? I am 15 months into a 48 month lease on a 2WD Liberty Ltd and want to see if I have a snowball's chance in hel** of getting it assumed. The Jeep is in perfect condition (no kids, pets or smoking; still smells new), 19K miles, payments $402. I'll take a bath if I trade it. Anyone had any experiences, good or bad?

    Thanks!
    ChiGirlinTexas
    GO CUBS!
  • thouse1thouse1 Member Posts: 1
    I have a toyota solara. My lease payments are about $350(i have been paying for about 2yrs on a 4yr lease). I won't go into all the details,but i got a pretty bad deal. What are my options? i am getting married and want to get rid of this car! Thanks so much! Toni
  • multiplechoicemultiplechoice Member Posts: 113
    Hi Car-man, just to remind you that I would like the info for the Sienna XLE and XLE limited. 36mo/15K and 48mo/15k. Does the factory DVD system affect the residual values at all? I'm in southern california Thanks.
  • djdezdjdez Member Posts: 119
    Thanks for clearing up the questions I had with the M45 ... I have EVERYTHING I need now !

    Now, I have to see what I can work out ! And I have to find an insurance company that won't kill me for this car !!!

    Thanks a ton, Car_man ! :)
  • hooopshooops Member Posts: 64
    Hi Car_man,

    You're the best. Thank you very much for the Suburban and Expedition numbers. Since the lease numbers on those vehicles are not very favorable, can you provide me with the numbers on 2003 and 2004 SR5 Sequoia's with the Preferred Pkg (leather seating) and Dual Zone AC. The lease again would be for 15k/36 months. I'm looking for something at least the size of an Expedition and I think the Sequoia is about the same size. If you can recommend any other SUVs at least the size of a Sequoia and in the same price range, let me know.

    Thanks
  • phead2phead2 Member Posts: 16
    Hi, I'm interested in the 350Z coupe, either the base or enthusiast models. I'd go for a 3 or 4 year lease depending on what the numbers are/what programs they have (if any) with 12k miles a year...

    Do you know what the money factor and residual values would be?

    Thanks!
  • bowke28bowke28 Member Posts: 2,185
    residual on 39 months is 56% at 12k miles. i dont have the MF for you...ill let carman get that one...lol.

    36 months is 57%, and 48 months is 47%. your best value will be at 39.
  • c182skylanec182skylane Member Posts: 64
    My sister is interested in leasing a 2004 Mazda Tribute Front Wheel Drive SUV.

    What is the MF and Residuals for 48 months leases with both 12,000 and 15,000 mi/yr? Also, dealers are telling her that if she takes the Mazda lease rates, none of the cash rebates/incentives can be applied to the deal. Is that true? Thanks.
  • metmdxmetmdx Member Posts: 270
    Hi Car_man:
    I've been seeing ads on TV for Toyotathon with cash back, yada, yada, yada.....so have you gotten your hands on the numbers yet?

    Here's the skinny:
    For the '03 (leftover)4Runner LTD with MSRP of 38,089 and selling price should be approx 33,500. I will do 15K miles a year. What should be the lease payment? What MF does Toyota have now and what incentives in NY metro area? Do you know what the residual % is?

    tia,
    metmdx
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I sure do, tennberg, and I would be happy to fill you in on the details. If you were to lease a 2004 Volkswagen Jetta GLS Wagon through VW Credit this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00220 and 55%, respectively. VW has not published a lease program for the '04 Jetta Sedan yet, but I suspect that when they do it will be fairly similar to the Wagon's current program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi thouse1. I am sorry to say that it will most likely be expensive for you to get out of your leased vehicle two years prior to your scheduled termination date. The following passage from an Edmunds.com article on leasing sums up your options nicely:

    "1. How do I get out of my lease before the contract has expired?

    In some cases, your financial picture might change unexpectedly and suddenly you can't afford those sky-high payments on a BMW 528i. In another common scenario, you lease a fun little Mazda Miata one year, then the next year you and your spouse have a baby. You're desperate to get into a bigger car, but you don't want to take a financial bath. What to do?

    According to Shebesta, you still have some options:

    Find someone to assume the lease. Call the leasing company and ask if they allow 'assumptions.' Make sure you locate a new lessee who is credit worthy. Expect to pay a fee to do the assumption — about $300. Check to make sure the mileage is appropriate for this point in the lease. And also make sure you provide the car in good condition so the new lessee isn't taking over hidden problems.

    Sell the car yourself. Call the bank and ask for the current buyout amount. Once you get that number, look at the Edmunds.com True Market Value® price for a private party. Make sure to adjust the figure for mileage, color, options and region. If the current market value is close to the buyout number, try to sell the car yourself and pay off the bank. Even if you have to take a $1,000 or $2,000 loss, you are better off than continuing the payments or walking away from the car. Remember, in addition to your lease payment, there are insurance payments, too. (Note: Sales tax can cause a problem if you buy the car, then have to resell it immediately. The bank may help you by arranging to transfer the title directly to the new owner. A dealer might also help you arrange this transaction, but they will want reimbursement for their trouble.)

    Turn in the keys and walk away from the lease. This isn't a good option. If you give the car back to the lessor, and walk away, it will go on your credit report as a 'repo.'"

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey multiplechoice. I have had an opportunity to take a look at Toyota's latest lease program. Again, as one might suspect, it is not providing any sort of lease support on the 2004 Sienna. So if you were to lease one through Toyota Financial Services this month, you would have to use its base standard lease money factor of .00220 for all terms, for consumers who qualify for its top credit tier. This van's residual values should be around 60% for a 3 year 15,000 miles per year lease of a 2004 Sienna Non-Limited and around 52% for an otherwise identical 4 year lease. I do not think that the entertainment system has any negative impact upon its residual values, but TFS may not allow it to be residualized. They are funny like that with certain options for some reason.

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