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Lease Questions - Ask Here

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Comments

  • busikbusik Member Posts: 6
    Hello Car_Man:

    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.
  • muzhikmuzhik Member Posts: 18
    Carman, what do MF and residual look like for 2001 Audi S4 these days? 15K/year, 36mo.
  • timchar99timchar99 Member Posts: 4
    Will most dealers just let me apply the security deposit amount directly to any excess miles fees?
    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.
  • deuce56deuce56 Member Posts: 46
    Carman,
    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
  • bondguybondguy Member Posts: 20
    Carman:
    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
  • deuce56deuce56 Member Posts: 46
    (I went over my edit time limit)

    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
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi busik. If you decide to lease a 2001 Mazda Tribute LX-V6 2WD through Mazda's captive finance company for 39 months and with 15,000 miles per year prior to July 9th, you would have to use their base lease money factor of .00321 and residual value of 49%. Using these numbers, a lease on a 2001 Tribute LX-V6 2WD with an automatic transmission, ABS, & Premium Audio Pkg. (MSRP: $22,765) and a capitalized cost of $22,000 should have an approximate pre-tax monthly lease payment of $385. Of course, this number will be higher if you add any other options to this truck and will increase once tax is added in.

    Car_man
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  • jason64jason64 Member Posts: 50
    Hi car man: I got into my lease while the money factor was relatively hight (.0034), what are my options now as to reduce the payment /or obtaining a lower money factor lease? Thank you for your reply.
  • arussell89arussell89 Member Posts: 5
    Response to 808. Sorry my friend, but leasing a car ain't like refinancing your house. You are stuck with the deal (and the lease factor) you made. The law still is not quite clear on whether dealers/captive finance companies have to disclose lease factors. If you are leasing a car and they don't disclose the information necessary to get an accurate breakdown of why you are paying what you are paying, then get the hell out of there because you will eventually find a dealer who will disclose the info.
  • wing5nutwing5nut Member Posts: 38
    Hey, Car_man! Kudos on your contribution to the buying public...we need all the help we can get!

    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
  • wing5nutwing5nut Member Posts: 38
    Are sales taxes paid on the Capitalized Cost or the Depreciation Value? How would I calculate the increase to the lease payment with a tax rate of 5.75%, a 48 month lease, and a $29K Capitalized Cost?

    Thanks in advance...

    wing5nut
    Columbus, Ohio
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Jason, I am sorry so say that I have to agree with post #810. Once you sign a lease contract, you are essentially bound to its terms for the scheduled length of your lease. Banks really do not offer refinancing on leases like they do on typical loans.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Muzhik, if you decide to lease a 2001 Audi S4 through Audi Financial Services prior to the end of the month, you will have to use a lease money factor of .00300 and a 15,000 miles per year residual value of 56%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Timchar99, different banks will likely have different policies on this particular subject. However, I believe that most will allow you to apply your security deposit towards any sort of excess mileage penalty that you incur.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Tia, neither the Chrysler Town & Country nor the Oldsmobile Silhouette have particularly strong residual values. Although it is difficult to say for certain, I personally don't think that the fact that Oldsmobile is being phased out over the next several years will have a huge impact on its resale values. Most people who are in the market for a used one down the road will probably understand that it really isn't any different than any other of GM's minivans and that you will be able to have it serviced at any GM dealership. In fact, the fact that GM is offering Olds consumers a free warranty extension to 5 years / 60,000 miles and all of those incentives would probably make me choose it over the T & C.

    Car_Man
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  • deuce56deuce56 Member Posts: 46
    Thanks for the reply re T&C vs. Silo residuals. I tried checking for myself (don't know if I did it correctly) and came up with values ranging from 15245-15904 on the TC 36mo/45k versus 11860-13026 for the Silo, meaning 2900-3400 difference in residual. This nearly matches the 3526 difference in sale price. Assuming that we KNOW the T&C will have that residual, we can only HOPE that Silo might have an even higher residual (private party resale) based on reliability/ desirability.
    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
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Oops, sorry about that, Deuce. I've been with the Town Hall for years and I am still learning all of the chat room lingo. Any Lexus product is almost guaranteed to have a better future resale value than either an Oldsmobile or a Chrysler product. Surpisingly, the 3 year, 15,000 miles per residual value of a 2001 LX 470 is only 54%. However, this is still higher than either of the other vehicles that you were looking at would be. If you are interested in the LX 470, I really think that you should check out the Toyota Land Cruiser. The LX 470 is really nothing more than a Land Cruiser with a fancy Lexus badge on it and a few additional bells and whistles. You should be able to get a slightly used or a demo Land Cruiser for much less money than a very similar LX 470 and the Land Cruiser will be worth approximately 58% of its original MSRP in 3 years (15K).

    Car_Man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Dean. The dealer who you spoke with was right, the Lexus LS 430 is not currently eligible for their loyalty program. I would be happy to calculate a sample lease payment on this car for you. However, you need to keep in mind that your exact payment will depend upon how the car is equipped, your specific credit rating, and how good a price you are able to negotiate on it. If you were to lease a base 2001 Lexus LS 430 with an MSRP of $54,005 and a capitalized cost of $50,728 (Edmunds.com's TMV) with 15,000 miles per year through Lexus Financial Services prior to the end of April your zero down pre-tax monthly lease payment would be around $812.

    Car_Man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi wing5nut. I am glad to see that you find this section of the Town Hall so helpful. If you lease a 2001 Acura TL or TL-S through American Honda Finance Corp. for 48 months, and with 15k per year right now you would have to use their standard lease money factor of .00305 and a residual value of 51% for both cars. I haven't seen Acura's 2002 lease program yet. I am not even sure that they have released residual values for the 2002 TL at this point, so I am sorry to say that I can't help you out with those numbers. I can tell you though that the lease money factor would be exactly the same for any 2002 model that is released.

    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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  • muzhikmuzhik Member Posts: 18
    Per my dealer:

    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.
  • ks10596ks10596 Member Posts: 18
    Car_man - need your help for my sister. I am helping her negotiate on her first car. She has a couple of cars that she is interested in and we would like to find the lease numbers on them. They are the Nissan Xterra,Pontiac Aztec,Hyundai Santa Fe, and the Toyota Celica. Can I get the residual rate and money factors for 3 yrs 12K.

    Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the info, muzhik. They must have just released the 2002 model year residual values, because I haven't seen them yet. Good point about the length of leases. In my opinion, 36 months is the ideal length. Any shorter and you are going to have high payments because you are spreading out the biggest portion of your vehicle's depreciation over a short period of time. Any longer and you usually won't be covered by your vehicle's bumper-to-bumper warranty and will be locked into the same vehicle for a long time. However, in this specific instance if wing5nut were to lease an Acura for 4 years he would still be covered by the original manufacturer's full warranty if he drove 15,000 miles per year because all new Acuras come with 4-yr/50,000-mi Limited Bumper-to-Bumper protection.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ks10596. I would be glad to help you out. If your sister decides to lease any of the following vehicles through their manufacturers' captive finance company this month for 3 years with 12,000 miles per year the lease money factors and residual values should be the following: .00290 and 58% respectively for a 2001 Nissan Xterra 4x4, 3.0% and 48% for a 2001 Pontiac Aztec Base Model, .00399 and 47% for a 2001 Hyundai Santa Fe 4WD, and a 60% residual and whatever TMCC's standard lease money factor is right now (.00300?) for a 2001 Toyota Celica.

    Car_Man
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  • muzhikmuzhik Member Posts: 18
    15K x 4 years = 60,000 miles. He'd be out of warranty about 8 months before the end of the lease :)
  • bondguybondguy Member Posts: 20
    Car Man...we leased one of the cars tonight...I went with the $61,000 package Lexus 430 (2001) and they capped it at $54K and change...maybe $54,500 or something to that effect...anyway, with what they told me was a factor when divided by 23 of 5.90%, for 39 months...not through Lexus financial but SouthTrust, with a total at start of $1,500 (that is total out of pocket including first month, tax, tag and whatever dealer fees they put in there), my payments are $777 + tax with an allowance of 12,000 miles/year...is that a good deal?
    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?
  • tgif888tgif888 Member Posts: 351
    muzhik

    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
  • knb62knb62 Member Posts: 1
    Dear Car Man: Recently my sister leased a Rev 4 and I would like to check out and see if you agree with the numbers. She leased a Rev 4 limited with an in dash cd player, for 60 months / 12,000 miles per year. Her agreed upon price was $24,298, Her residual is $10,628, she put down $3336 cash. Her monthly payment is $336 including tax. Based upon the formula that is usually used to compute leases, the monthly payment seems a bit too high. Thanks for your input. BB
  • tgif888tgif888 Member Posts: 351
    Hmm,

    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?
  • ace10ace10 Member Posts: 137
    to work back to a money factor without all of the numbers. taxes are a huge variable. perhaps this was leased in D.C. where there is a 10% usage tax on every month's lease payment??? were the sales taxes financed?

    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
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Oops, muzhik, you're right. I must have been calculating 15,000 times 3 years. Sorry for the mix up.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Bondguy, I think that the monthly lease payment that you were offered on the first LS 430 is a good deal. Congratulations on your new ride! As far as the second car goes, a price of $49,300 on a $55k+ 2001 LS 430 is also a good deal. As long as you don't mind having two very similar vehicles, I don't see any reason not to buy this car.

    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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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Knb62. I am sorry to say that your suspicions are correct. The lease payment that your sister agreed to seems very high to me as well. Unfortunately, now that she has signed a lease contract and has physically taken delivery of her truck there isn't much that she can do to get out of this deal.

    Car_Man
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  • boonsboroboonsboro Member Posts: 22
    How do taxes play into a lease payment for Maryland residents? Do I pay tax on the difference between the car's price and residual value or on the car's full price? Is it lump sum or added to the monthly payment? If I decide to purchase the car at lease end I own tax on the lease end purchase price, right?

    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?
  • oidvoidoidvoid Member Posts: 25
    Armed with a little patience and the info I've gotten here, I was able to secure a deal for a V6 Accord EX Coupe for $347/month for 39 months/12k miles. When I posted my first message here (#781) the asking price was $389/month, so thanks again for the good info Car_Man!

    PS - It's silver w/charcoal leather...yum!!!
  • wing5nutwing5nut Member Posts: 38
    Car_man and muzhik...THANKS! I'm inclined to agree with your philosophy of leasing for no longer than the bumper-to-bumper warranty. That was one of the things that pointed me to the Acura originally. I'll go with 48 months and 12K @ year to make that work.

    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
  • shaker58shaker58 Member Posts: 130
    hey carman

    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
  • icdchessicdchess Member Posts: 83
    Carman,
    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
  • baveuxbaveux Member Posts: 175
    Hello Carman, I wonder where I can find accurate number regarding residual value . Per example GM have on their site a lease calculator,but I cannot find the residual value for a particular car,(Impala LS 2001) for let say after 3 years, so the calculator is useless.
    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 !
  • tgif888tgif888 Member Posts: 351
    Carman, hope you don't mind I did this for icdchess.

    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.
  • icdchessicdchess Member Posts: 83
    Thanks.
    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
  • tgif888tgif888 Member Posts: 351
    For every $1000 you put down. Your monthly payment will reduced by $70.05.

    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.
  • expedition2expedition2 Member Posts: 34
    Can you tell me how different states come up with their tax rate for leasing? I live in PA and the tax rate for me is 9%. If I buy a car it is 6%.
    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!!
  • tdonotdono Member Posts: 24
    You do not own it. You are limited on miles a year. No tax Brak You have a Residual at the end of lease. You get charged for wear and tear. Hard to get out of. Bottom line if you have to lease you cannot afford the car.
  • tgif888tgif888 Member Posts: 351
    Please, everyone here is trying to help the member to make a right decision on lease. We are all trying to help, not accusing one another on can you afford a car or not.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Congratulations on your new car, oidvoid! I am glad to see that all of your research paid off. Thanks for taking the time to follow-up and let us know how everything turned out. Enjoy your new car!

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Wing5nut, I am glad to see that your negotiations are going so smoothly. Other than the little incorrect statement about residual values it certainly appears as though your salesperson is being very straightforward with you, that will certainly make the car buying process more enjoyable. Acura certainly has some amazing money factors available on its cars right now. And as hard as it is to believe, the Fed unexpectedly lowered rates by another half point today so it certainly looks as though things may even get better.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi shaker58. Nice choice in cars. I love the A6 2.7T. It is not only great looking but fun to drive, too. Well, enough raving about this car. In your post, you never asked me a specific question. So I assume that you would like to know what I think of the deal that you were quoted. I will calculate a sample lease payment for you and then let you know how the offer that you were quoted measures up. That certainly is a loaded car that you are interested in. I had to add all sorts of options to it to get it close to the $46,000 MSRP that yours has. It you decide to lease a 2001 A6 2.7T (MSRP: $45,875) with a capitalized cost of $42,998(dealer invoice of $40,998 + $2,000) through Audi Financial Services right now for 39 months with 12,000 miles per year your zero down, pre-tax monthly lease payment should be approximately $594. At full MSRP, this car would end up being about $675/month. It certainly appears as though you still have some room to negotiate.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    I am glad to see that you like your S-Type so much, Steve. Funny that you should mention that particular car. I just bought a Maisto 1:18 replica of one a few days ago. I love those little model cars. Any how, you said that you are interested in leasing a new Jaguar X-Type. When I was at official the X-Type unveiling last week, I believe that they stated it is scheduled to go on sale some time in June. Given the fact that it will not be out for a couple of months, Jaguar has not released an official lease program for it yet. I can tell you though that because this is such a new model, you will likely have to pay whatever Jaguar Credit Corp.'s standard money factor is to lease one. Using the numbers that you gave me, if you were to lease this car at full list for 3 years you would have a pre-tax zero down monthly lease payment of around $711 per month. That's even a little higher than I had expected it to be. I guess that's the price that one has to pay to lease the latest and greatest thing out there.

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  • wing5nutwing5nut Member Posts: 38
    Car_man...I think my negotiations may go smoother if I leave my wife at home. She keeps hopping into the RL on the showroom floor and purring over the leather. Then again, maybe that will keep the salesman off guard! :-)

    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
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi baveux. I am sorry to say that I don't keep track of all of the lease programs that are available in Canada. It is difficult enough for me to keep an eye on of all of the programs that exist in this country. Still, I would guess that GM's lease residual values in Canada are probably very similar to the ones that they have here in the U.S. If you were to lease a 2001 Impala LS here through GMAC for 36 months you would have to use a supported 15,000 miles per year residual value of 46%. This car's base residual for the same term is only 39%, but they are artificially boosting it to 46% in an effort to provide lower lease payments.

    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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