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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, djdez. I am glad that I was able to help you out. Make sure to come back and let us know how everything turns out.

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  • belsouthbelsouth Member Posts: 5
    Hi,

    About 20 posts back or so, I saw that the current BMW money factor and residual on a 330ci, 42 mo., 18k miles lease were .0022 and 50% respectively.

    I'm interested in seeing the current money factor and residuals for an '04 330i and/or 325i on "standard" 36 mo., 15k miles leases.

    Any help would be appreciated.

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the kind words, hooops. In most regions, Toyota is not providing any sort of lease support on the 2003 Sequoia. However, Toyota Financial Services base standard lease money factor for consumers who qualify for its top credit tier is currently around .00220, which is equivalent to an interest rate of right around 5.3%. This is a little better rate than was available on either the Suburban or the Expedition. TFS' 3 year, 15,000 miles per residual value for a 2003 Sequoia SR5 should currently be around 55%.

    As far as other trucks that might satisfy your needs go, you might want to look at the new 2004 Nissan Pathfinder Armada. It is about the same size as the other models that you have mentioned, but again will not have any sort of support available on it since it is so new. The Hummer H2 would probably work for you too, but it is pretty expensive. At least it has better lease rates available on it than the other models that we have discussed.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I see that you snuck a post in the middle of my answers, belsouth. I better respond to it now so that it doesn't get lost in the shuffle. If you were to lease a 2004 BMW 330i through BMW Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00220 and 57%. The numbers for an otherwise identical lease of a 2004 BMW 325i should currently be .00220 and 61%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings phead2. Here is the information that you are looking for. If you were to lease a 2003 Nissan 350Z Coupe through Nissan Motor Acceptance Corp. this month for 3 years with 12,000 miles per, its base lease money factor should be .00220 and its residual value should be 51% for the Standard trim level / 53% for the Enthusiast. If you were to do an otherwise identical 4 year lease, its money factor would be exactly the same, but its residual values would be 46% and 47%, respectively. Let me know if you need the numbers for the 2004 model.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi again c182skylane. The dealers who your sister spoke with are telling you the truth. Mazda's consumer cash incentives can not be combined with its special lease program. If your sister were to lease a 2004 Mazda Tribute 4WD through Mazda's captive finance company this month for 4 years, its base lease money factor should be .00132. This truck's residual values will depend upon what trim level your sister gets. Could you provide me with a little more informaiton on the truck that she is considering, i.e. is it a DX, ES, or LX? Once I have this additional information I should be able to help you out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi metmdx. I've seen the same Toyota ads lately as well. It is providing cash incentives on the 2003 4Runner in most areas right now, especially on the models without the appearance package. Unfortunately, Toyota is not providing any sort of lease support on the '03 4Runner in its New York region. So if you were to lease one through Toyota Financial Services this month, you should have to use its base standard lease money factor of .00220 for consumers who qualify for its top credit tier. I am not sure what TFS' exact residual value for a 3 year 15,000 miles per lease of a 2003 4Runner Limited 4WD is right now, but I suspect that it is around 54%. Using these numbers and the prices that you provided me with in your post, I come up with a zero down, pre-tax monthly lease payment of right around $478.

    As far as the incentives that are available on the 2003 4Runner in your area this month go, Toyota is providing $1,000 consumer cash on 2003 4Runner SR5 Non-Appearance Package models and $750 on 4Runner SR5 Appearance Pkg. and Limited models.

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  • belsouthbelsouth Member Posts: 5
    Thanks for the quick response, Car_man!
  • pfjepfje Member Posts: 25
    Car_Man,

    Thank you so much for your response. I appreciate all of the work you put in your replies. All of us who ask you questions owe you a big thank you.
  • hooopshooops Member Posts: 64
    Hi Car_man,

    Thanks again for the numbers on the Sequoia and for the suggesting the 2004 Pathfinder Armanda. The Hummer H2 is too expensive. With that said can you provide the lease numbers on the Armanda - 15k/36 month or what you might expect the numbers to be around. Do you know if the Armanda is available or will be available in October ? Our suburban lease is coming due in November.

    Thanks again for all the help
  • phead2phead2 Member Posts: 16
    Thanks Car_man,

    If you could also supply the numbers for the 2004 that would be great. From the price checking I've done they're not really offering any breaks on the 2003s and I imagine the residual would be better on the 2004s.

    Thanks again.
  • hooopshooops Member Posts: 64
    Hi Car_man,

    An additional question about tax on lease. Are you responsible for paying additional tax on a lease in nj and ny - that is in addition to the tax on the monthly payment ? I vaguely remember reading something about having to pay tax on the used portion of the lease in addition to the monthly payment tax. If any of this is the case, can you shed some light on this and explain how it's factored in for nj and ny leases. What happens if you resided in ny, but you lease from a dealer in nj ? I just want to make sure I have all the facts straight.

    Thank you very much
  • cc3zcc3z Member Posts: 9
    Thanks again for all of the help, Car_Man!

    I was quoted the following on a 2003 Nissan 350Z Performance model. MSRP is 33,764, negotiated price 32,650 (they're giving me a big break on my trade, so I couldn't get much lower). For a 48-month lease, 15K annual mileage allowance, 0 down, they're quoting a monthly lease rate of $480.77 (+ $39.66 tax). The residual price is $14,294 (including all fees). It's not through NMAC, but through US Bank. (Using the calculators I'm getting a 0.002 money factor and 41% residual). I think this is a good deal, but I just want to be sure.
  • boeingairboeingair Member Posts: 6
    Hello!

    I was trying to find bmw fs's money factors...and couldn't seem to find them. If anyone could help me out, i would apprieceate it very much. This would be for a 2003 325i wagon 4 years, 12k per year.

    Thanks!

    -nick
  • tank43tank43 Member Posts: 16
    Please provide the current 36 month 12,000 per year residual & money factor for a 2003 Ford F150
    super cab XLT 4x4 & 2x4 through Ford Motor Credit.

    Columbus Ohio
  • schubergschuberg Member Posts: 1
    Do these offers ever make sense? I am always suspicious since I know "they" are more concerned about their profits than mine. Volkswagen is offering to pay off the last 12 months of my current lease if I purchase a 2003 model from them. Should I do it?
  • sheckles1sheckles1 Member Posts: 2
    Car Man

    I'm deciding between the 2004 Mercedes Benz C240 with 4 matic and a 2003 BMW 330xi. I've spoke with the BMW dealer and hammered out a deal...then I saw this discussion which really opened my eyes.

    First regarding the BMW, is leasing an end of model year car stupid? Does the residual value of the lease take into account the fact that it is already considered one year old as soon as the 2004's roll in in the next few months? Is the .0022 money factor alluded to a few posts back valid for the 330xi? I think the dealer quoted me 0.0029.

    INext, 'm interested in the 2004 Mercedes Benz C240 sedan with 4 Matic, sunroof package and CD changer. Could you provide the money factor and residual value on a lease for 39 months with 15,000 miles/year? I'd love to know before talking to the dealer.

    Thanks,
    Sheckles

    Thanks
    Sheckles
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, belsouth.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, pfje. Thank you for the nice post.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, hooops. The Pathfinder Armada is so new that I haven't seen any lease numbers for it yet. I suspect that I may see factors and residuals for it when Nissan publishes its October incentives in a couple of weeks. Please feel free to check back with me then and I would be more than happy to let you know if I have heard anything. I don't know the exact date that this truck will arrive at dealer, but I do know that Nissan just started building them a week or two ago, so I suspect that dealers will get them in the near future.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here is the rest of the information that you are looking for, phead2. If you were to lease a 2004 Nissan 350Z Coupe through Nissan Motor Acceptance Corp. this month, its base lease money factor should be .00220 for all terms. The 12,000 miles per year residual values for a 2004 Nissan 350Z Coupe Base model should be 56% for 36 months and 50% for 48 months. The numbers for an otherwise identical lease of a 2004 350Z Coupe Enthusiast should currently be 58% and 52%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey hooops. Tax laws vary from state to state, and even from county to county so it is impossible for me to keep track of all of the various rates and laws. For more informaiton on how tax is calculated on leased vehicles in your area, you should probably check with your local Department of Motor Vehicles. I do know that you are liable for your home area's sales tax, regardless of where you purchase or lease your vehicle.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, cc3z. Let's calculate a sample lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2003 Nissan 350Z Performance with an MSRP of $33,764 and a selling price of $32,650 through Nissan Motor Acceptance Corp. this month for 4 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $469 or so. I just calculated this payment using NMAC's base lease program. The only reason why the payment that you were quoted would be higher is if you are having your lease security deposit waived or if your dealer is marking up NMAC's lease program to add additional profit to your deal.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings boeingair. BMW recently discontinued its lease support on most 2003 models. So if you were to lease a 2003 BMW 325iT through BMW Financial Services right now for 4 years, you would have to use its base standard lease money factor of .00255. BMW FS' 4 year 12,000 miles per residual value for this model is currently 44%. Fortunately, BMW replaced its lease support on this model with $1,500 dealer cash that may be used to negotiate a lower selling price.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tank43. Ford's lease program often varies a little by region. In most areas, Ford's lease program on the F-Series pickup is absolutely terrible. I will provide you with an idea of what I believe its numbers are currently like in your area. If you were to lease a 2003 Ford F-150 Super Cab XLT 4x4 through Ford Motor Credit this month for 3 years with 12,000 miles per, its base lease rate and residual value should be 10.5% and 51%, respectively. The lease rate for a 2003 F-150 Super Cab XLT 2x4 would be exactly the same, but its residual value would be 49%. Fortunately, Ford is providing $3,000 lease cash on most 2003 F-Series Light Duty models that may be used to negotiate a lower selling price. If I was in the market for this truck though, I would probably finance it through Ford at 0.0% for 5 years.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi schuberg. I just responded to your identical post in the other discussion that you started. Please check there for my response. Thanks.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome aboard, sheckles1. Yes, at this point in the model year leasing a 2003 BMW does not make nearly as much sense as it did a month or two ago. BMW is no longer providing special lease rates on '03 3-Series models and its residual values have fallen considerably. You would probably be better off taking advantage of the new dealer cash that BMW is providing on '03 3-Series models and financing the car that you are interested in instead.

    It sounds like the dealer that quoted you the higher lease money factor is attempting to mark up BMW FS' base factor to add additional hidden profit to your deal.

    As far as the 2004 Mercedes-Benz C240 Sedan 4Matic goes, if you were to lease one through Mercedes-Benz Credit Corp. this month for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00225 and 59%, respectively.

    Car_man
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  • cc3zcc3z Member Posts: 9
    Thanks again, Car_Man. It looks like the extra $11 between our numbers is because they waived the security deposit/down payment. I actually didn't request this, but it's not that important to me. As I said he's really cutting me a break on my trade, so that's why I couldn't go much lower on the net price. I think it's a fair deal and I'm going to take it. Great forum, and thanks for the invaluable assistance!
  • tank43tank43 Member Posts: 16
    Car Man,
    Thanks for your quick response to my inquiry about the Ford F series lease program. You said it is terrible at this time.
    I'm currently in a Ford Motor Credit Ranger lease and would like to move up to a larger Ford vehicle.
    Is the lease program for the Explorer better than the F series ? Local dealerships are offering $7500 off MSRP on 2003 Explorer & Explorer sport.
    I prefer to stay with a 3 yr lease 12,000 miles per year thru Ford Motor Credit and I'm hoping for the highest residual and lowest money factor.

    Again local dealerships are offering $7500 off the 2003 explorer and $8000 to $9000 off the 2003 F 150
    trucks. Are these clearance discounts normally able to be applied to a lease?
  • samiam11samiam11 Member Posts: 5
    Car Man,
    I'm looking for the residuals and money factors for both a 2003 Accord EX V6 and 2003 Acura TL-S. Both would be 48 months and 12,000 miles.

    Thanks
  • mookie14mookie14 Member Posts: 252
    mook14 here i have question. the ford goes back nxt mth on the 25 now i will have everything fixed on it interior carpets etc. NOW! does everything have to work or better yet spend $$ to make sure to me it does work. i drove it sat its been sitting off and on on means only driving it to put gas in it. and driving it around the complex. also will the dealership i got it through pay for my miles? my buddy at work wants a truck since mine is coming off a lease and it will be in brand new condition will they cut me a deal and pay off the miles for me or some?? also will i get security deposit back since i owe them for miles?? i also got some stains in the back hatch carpet if it does not come out is it chargeable well thats it thanks.
  • metmdxmetmdx Member Posts: 270
    Car_man:

    Thanks for your info. I (and many others) appreciate your dilligence and hard work. I'll let you know what I (read: wife) decide to do.

    thanks again!
    metmdx
  • hooopshooops Member Posts: 64
    Hi Car_man,

    Based on .00165 MF and 49% residual if I use Edmunds TMV of 16323 for a Jetta GL (with Monsoon and Cold Weather) on 36 month / 15k mile lease, I come up with a payment before tax around $237 and with 8.125% tax around $256. Is my calculation correct (I used 19025 as the MSRP) ? The reason I ask is that I've been quoted $290 by 2 dealers, one later dropped to around 278. I told them they could call me back if the get down to around $260. Does this seem reasonable ?

    Thanks a lot
  • landru2landru2 Member Posts: 638
    Why would they give your security deposit back if you owe them money? And if I recall, you've hated that Explorer so much you've stated you'll never buy a Ford again. How could you, in good conscience, let a buddy at work buy that truck? And yes, of course everything has to work.
  • phead2phead2 Member Posts: 16
    Thanks Car_Man, you're the best!

    I think I can get a better lease (money factor) through a thrid party, assuming I can find the car I want. Dealers here (SoCal) seem to have only Touring models...
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, cc3z. It makes sense that the lease payment that you were quoted is slightly higher if you are having the security deposit waived. Thanks for stopping by and make sure to let us all know how you like your new car.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, tank43. Yes, Ford's current lease program on the Explorer is much more attractive than its program on the F-Series. The 2003 Explorer's lease rates are actually a little over 1% for some terms. Ford's normal consumer cash incentives can not be combined with Ford Credit's special lease rates, but it is providing $2,500 to $3,500 lease cash that may be used to reduce this model's capitalized cost.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings samiam11. Here is the informaiton that you are looking for. If you were to lease a 2003 Honda Accord EX V6 without navigation through American Honda Finance Corp. this month for 4 years with 12,000 miles per, its base lease money factor and residual value should be .00200 and 50%, respectively.

    Acura has terminated its special lease program on the 2003 TL and replaced it with $1,500 dealer cash. This cash may be to negotiate a lower selling price and then lease one through AHFC's standard lease program if you so choose. Right now AHFC's 4 year 12,000 miles per base standard money factor and residual value for the 2003 TL-S without navigation should be .00190 and 51%.

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  • tank43tank43 Member Posts: 16
    Car man,

    Can you please tell me what Ford Motor Credit's
    current residual & money factor for the 2003 Explorer XLT 4Dr 4X4 & 4X2 3 YEARS 12,000 per.

    Being the end of the model year should I be able
    to lease the Explorer at $2500 (lease cash avalible) under invoice. Or better ?
    Columbus Ohio
  • fuse02fuse02 Member Posts: 1
    hey car_man, thanks for taking the time to read and reply to all the posts you get daily!! :o)

    was wondering if you could tell me what the lease numbers for an 03 1.8t front trak, and a 1.8t quattro (manual) - 36 month, 12k mi. are?

    the numbers i got back from the dealer are 53% residual and a .00190 money factor, is that correct? or are they giving me the dealer rate?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mookie14. Most banks will provide consumers with a list of their excess wear and tear guidelines if requested. In order to make sure that you are not liable for any wear and tear penalty on your leased Explorer, you should contact the bank that you are leasing it through, probably Ford Credit, and ask them for a set of their rules. As far as your excess mileage goes, I highly doubt that the dealership that you got your truck from will be willing to pay any of your excess mileage penalty for you. There is no incentive for them to do so. If your friend is really interested in your truck, you may want to purchase it from the bank that you are leasing it through and then sell it to him. Consumers who purchase their leased vehicles at the end of their terms do not have to pay any sort of excess mileage or excess wear and tear penalties. If you do end up returning your leased truck and owe for excess mileage you definitely will not get your security deposit back. It will be deducted from any penalty that you owe and you will have to pay the rest.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for recognizing all of my hard work, metmdx. Make sure to let us know what you, er uh I mean your wife :), decides to do.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi hooops. Let's work up a payment on the vehicle that you described. According to my calculations, if you were to lease a 2003 Jetta GL (MSRP: $19,025 / $16,323) through VW Credit this month for 3 years with 15,000 miles per (.00165 / 49%), your zero down, pre-tax monthly payment should be right around $237, just like you calculated. I don't know how tax is calculated on leased vehicles in your area, but you definitely should be able to find you a dealer to lease you this car for just under $240 per month before tax if you shop around a little bit.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, phead2. I am glad that I was able to help you out.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I'd be happy to give you an idea of what this truck's current lease program should be like, tank43. If you were to lease a 2003 Explorer XLT 4Dr 4X4 through Ford Credit this month for 3 years with 12,000 miles per, its base lease rate and residual value should be 2.25% and 43%. The lease rate would be exactly the same for the 2WD version of this truck, but its residual value would be 44%. Given the fact that this is the end of the model year, I definitely do not think that you will have any difficulty leasing an '03 Explorer for invoice minus any available incentives.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, fuse02. Thank you for taking the time to say thanks :). Audi has stopped providing lease support on all of its 2003 models. On the 2003 A4 1.8T Sedan it replaced its supported lease money factors with $750 dealer cash. You can use this cash to negotiate a lower selling price on the car that you are interested in and then lease it through Audi Financial Services using its standard lease program, or through some other bank. Right now Audi Financial Services' base lease money factor and residual value for a 3 year 12,000 miles per lease of a 2003 Audi A4 1.8T Sedan without quattro should be .00190 and 50%. The numbers for an otherwise identical lease of a 2003 Audi A4 1.8T Sedan with quattro should be .00190 and 53%. So as you can see your dealer is being very truthful with you on this matter.

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  • vpotlurivpotluri Member Posts: 47
    Carman, do you know the residual for 2004 Honda Pilot EX (3yrs/45K)? Thanks.
  • jims52jims52 Member Posts: 3
    Car man,

    Can you please tell me what Infiniti's
    current residual & money factor is for a 2004 Infiniti G35 Coupe Leather 6MT, Premium Package, Aero Package and Trunk Mat, MSRP $35,865, for 3 YEARS and 12,000 miles per year. Thanks for the help!
  • mookie14mookie14 Member Posts: 252
    thanks alot for your input. as far as taking stuff apart to see whats it looks like they are not going to do that when i turn it in are? im not worried at all just curious. since they are not going to cut me a deal on miles. what i was saying he could buy it from them not me. itS worth like 7grand other than that um thats it. ILOVE THE TRAILBLAZER OH YES I MADE THE RIGHT CHOICE OH YES THANKS CAR MAN.
  • crewdog5crewdog5 Member Posts: 13
    Hello everyone

    Can someone please tell me what Jeep's
    current residual & money factor is for a 2004 Grand Cherokee limited AWD with a market value of $32200 (including $3000 cashback), for 3 YEARS and 15,000 miles per year. Thanks for the help!
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