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Can you post the money factor and residuals (36/39 month lease figures) for 2001 Mazda Tribute LX-V6/2WD/Auto? TMV (with ABS & Premium Audio Package options) is around $22K.
The lease calculator @leasecompare.com shows some high figures for the Tribute as described above.
The lowest payment is $426/39months/m.factor 0.00294/15k miles/disposition fee $395/purchase option $10,164.
Are these numbers anywhere close?
Thanks in advance.
Or do they make me pay for the mileage and then send me a check a few months later? I need to get out of this lease without paying any money at all if possible. I would love to end the lease a few months early, but it sounds like there's no way for me to do that. Thanks.
I'm a newbie at this and I'm not actually interested in leasing. I am interested in purchasing either an '01 Silhouette Premier or Chrysler T&C Limited. The T&C dealer is trying to sell me on a higher residual value in 3-5 years because of Olds being discontinued. Do the leasing values bear this out? As long as we compare "apples to apples" the residuals should be proof shouldn't they? I'm interested in the Silo bc of the 5 yr./60k warranty and the $2000 rebate along w/ $1500 Olds loyalty money. I also have $385 in GM Visa points which makes the Silo $3300 cheaper not including the longer warranty. If I need to buy an ext. warranty for the T&C it will cost another $1000. I hope you can make sense of this rambling and what I'm trying to do. tia
We lease 2 Lexus'...a 1998 LS400 and a 1998 GS400..Our lease is up on both vehicles May 14...I am considering leasing 2 new LS430's...but last night saw the "Brand New" Infinity Q45 advertised on television. I loved the LS400 (even more so than the sportier driving GS400) and like the look of the new one...but it seems that in order to get the bigger wheels, I have to get either or both the Mark Levinson stereo package or the NAV system...neither of which I care for...my GS400 has it and I never use it. The packages on Lexus put you up to almost $70,000 (wow)...I am even considering getting out of the leasing trap and maybe buying one of the cars. If I do a 36 or 39 month lease, figuring it with 12K and 15K, what would the lease payment be? I am in Florida (if that matters). And, the dealer told me that there is no previous owner loyalty offered on that vehicle..only on ES,RX and GS. I want to put just the minimum down (inception's). I am going to look this weekend and possibly buy this weekend...should I also consider looking at a comparable Mercedes Benz...not the small body but the 'S' class. Which Mercedes is most like the LS430? Thanks in advance.
Dean
Carman, do you need the following info?:
T&C - MSRP 36,635 w/ trailer tow, inferno red upcharge, heated seats, 4 disc CD changer - purchase price 34195
Silo - MSRP 34355 w/ trailer tow, 6 disc AM FM CD changer - purchase price 32135
Car_man
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I'm considering leasing the TL or TL-S for 48 months, based on 15K miles per year. Could I trouble you for the Money Factor and Residual Value numbers? While you're at it, what are they on the '01 TL? Do they change if you add the Navigation System?
Many thanks in advance!
wing5nut
Columbus, Ohio
Thanks in advance...
wing5nut
Columbus, Ohio
Car_Man
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What would you think about a "new" '98 LX470 that was a dealer's wife's demo (6500 miles/new car warranty)? Any guesstimate on "real value"?
BTW tia was "Thanks in Advance" not my name.
deuce
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Different states calculate the tax on leased vehicles using different methods. I am not sure of Ohio's exact tax regulations. You may be able to find out more information on their exact taxation policies by visiting the following Web page: Ohio Bureau of Motor Vehicles.
Car_Man
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2002 Acura TL-S w/Navi, 36mo./15K/year, 60%, 0.00325
2002 Acura TL-S w/o Navi, 36mo./15K/year, 62%, 0.00325
I don't know 48mo. values and wouldn't suggest leasing for that long -- you run out of warranty with 15K/year mileage allowance.
Thanks in advance!
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Also, for a $55,795 base model, they are offering on a purchase, a price of $49,300...is this a good deal...I haven't done the purchase yet but got two quotes from local dealers of $51,795 and $51,000 for a base car...Let me know ASAP as I plan on getting the second car later this week...also, on a purchase, I want to check other places for financing than the dealer...I plan to put down around $12,000 to $15,000...where can I get a great rate today?
2002 Acura TL-S w/Navi, 48mo./12K/year, 59%, 0.00325
2002 Acura TL-S w/o Navi, 48mo./12K/year, 58%, 0.00325
What is your tax rate? The residual value is around 44%. And this lease for me is kind of long. It is because the Toyota warranty ran out at 3 yr/36000 miles. It means your sister will be responsible for the repair work for the rest of the lease term. And after I punch in the number, the money factor is kind of high. The down payment is around 13.7% of the vehicle price. And the money facotr is around .0053. It is equal to between 12% to 12.5%. It is high.
Carman, am I right on the formula?
too late now, but... she could have purchased for $420 over 60 months, excluding taxes, and assuming decent credit. if she had been restrained with the options she could have purchased a reasonably-equipped (not limited) rav4 for pretty close to $360. sounds like the typical case of going in with a payment in mind, instead of of working on the underlying details of the deal.
just my opinions.
ace
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As I am sure you are well aware, the Fed has cut rates several times over the past year. As a result, lots of banks are offering very attractive interest rates right now. It is difficult for me to keep track of all of the various rates that banks are offering across the country, so I really can't provide you with the name of one particular one that has exceptional rates. However, as long as you don't mind the extra hassle that is associated with financing through them and your credit is in good shape, the Internet banks that are out there like Peoplefirst.com have some of the lowest interest rates that I have seen.
Car_Man
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I am looking at the advertised Saab 9-5 deal. The car lists for 37,765. Saab is asking for 3648.85 down (down payment, security deposit, acquisition fee, and first month payment) and $399 a month for a 36 month/36,000 mile lease. The purchase option is 17,372 at lease end. The total payment plus residual is $2419 less then the sticker price on the car. This sounds like a good deal. What do you think?
PS - It's silver w/charcoal leather...yum!!!
Having said that, I dropped by Lindsay Acura last night to ask about RV & MF numbers. A friendly salesman about my age wrote down the following numbers on his card:
2002 Acura TL-S w/o Navi, 48mo., 12K or 15K year, 51%, 0.00218, RV = $16,172
2002 Acura TL-S w/o Navi, 36mo., 12K or 15K year, 58%, 0.00239, RV = $18,391
Before you ask, I questioned him on the mileage and he said the numbers didn't change for 12K or 15K. I know that can't be right and suspect the RV rate is based on 15K. I need another cup of coffee before I can ponder the best way to leverage that info into a good deal. The money factors were so good that I think I should probably close a deal before the end of this month. I can't imagine rates falling much below the 5.232% APR he quoted me.
Thanks to you guys, I feel like I'm car hunting with bullets in the gun (for a change)!!! Now to the ugly task of sorting out all of the up-front fees...
wing5nut
Columbus, OH
went to dealer yesterday and fell in love just not sure deal is as good as car
I live in ny with a 8.5 tax rate car was pretty much fully loaded sticker was just about 46000
tax in payment was quoted 668 with 1st payment 675 security and 100 plates
597 with 3930 upfront that includes taxes,bank fee,security and 1st month and plates
I driving a 1998 528I w/sport that I pay 635 with taxes in payment on a 24 month lease went back to get the 530I and it 758 for 36 months
thanks for your help
You were great when I was negotiating for my Jaguar S-Type (great car, by the way - so great I started a club - Jagtalk.com.) I digress.... I put down a deposit on the new, soon to be released X-Type because my dealer said the monthly payments should be in "the low 500's", but I have worked up the figures and it does not seem to be possible.
This is what I have...
Looks like I will pay full list: $42,045 ($41,350 + $695 freight)
36 Months. No money down. Taxes up front. 10,000 miles per year
Dealer estimated money factor at .00300 (who knows if that's correct)
Dealer estimated residual percentage at 56% (seems high but let's go with it)
What would my monthly payments be in this scenario?
I laid down a $500 deposit, but I will get it back if I want.
Thanks for the help!!
Regards, Steve
can I get the percentage,and explaination on how to make the calculation,also last question, the number that I am going to get will be probably in U.S dollars, do you know if let say a depreciation of 45% In the U.S will be about the same in Canada ? Finnaly it is really hard if not impossible to find a place to get information like the Edmund's site in Canada, why edmund,s is not considering to make a Canadian site joined to their actual site ? That would be so nice.
However thanks fore your help and sorry for my Frenchglish !
I punch in those number for you. I got this number $770.27. I am using California tax rate. Of course, it is better if you can tell me your tax rate. Hope this help.
Car_Man, do you concur?
Our tax rate is 8.25% but I was figuring with tax up front.
If your figures are correct, how do we account for the dealer being adament
about "low $500s" except for the obvious reason? Are we missing anything?
Also, if I were to put money down. For every $1000, what is the monthly
rate reduced by?
Steve
The dealer maybe using some other method. It is because for that new car. I believe it is in a very high demand. Of course you already knew you are going to pay full sticker. Maybe the salesman just try to pull you into the deal? Just careful when you sign the lease. Also, for 10k miles per year, is it enough for you?
Hope this help.
I have read a lot of posts on here that vary a lot. I thought I read someone in New York only paying a little over 1%. Am I living in the wrong state to lease? Thanks, just curious!!
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Anyway, I'm trying to keep an eye on inventory levels and waiting until the last week of this month. Hopefully, I'll bag a motivated seller!
Thanks again for the feedback from all!
wing5nut
Columbus, OH
I have heard that Edmunds.com is expanding to other countries. I believe that we have new Web sites for the UK and Australia in the works. I would think that Canada would be the next logical place to expand to, but I haven't heard any sort of rumors about a Canadian version of this site yet.
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