Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/25 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/25 for details.
Options
Lease Questions - Ask Here
This discussion has been closed.
Comments
Here is the information that you requested on these vehicles' lease programs. Lexus' lease program for the 2004 RX 330 varies depending upon what part of the country you are in. Since you didn't mention where you live, for now I will provide you with what I believe is Lexus' most common lease program for this model. If you were to lease a 2004 Lexus RX 330 4WD without the navigation or rear entertainment systems through Lexus Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00170 and 57%, respectively. The numbers for an otherwise identical 39 month lease should be .00170 and 54%, respectively. If you were to lease a 2004 Acura MDX without the navigation or rear entertainment systems through American Honda Finance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00215 and 61%, respectively. The numbers for an otherwise identical 39 month lease should be .00215 and 58%.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Great job as usual. I know how to do the payments but I need MF and residual information for BMW 3 series??
It will be a 3 year 20k lease in Los Angeles.
Also I'm willing to put deposits down to lower the MF.
Is there any standard 20k mile leases or do I need to buy miles up front and how much will that cost??
Thank you,
Bazooooka
Ps..I'm looking for info on the 325 series and the 330 series (non convertibles)for either an 03 (if there's any out there) or an 04 - And I'll go with whatever has the best lease support.
Pss..is there a subscription service I can pay for to access the numbers you are seeing??
Thanks again!!
I am considering leasing a Toyota Sienna LE FWD or a Toyota 4Runner SR5 V6. If possible, I would like to know the January residuals and money factors for a 3, 4, and (if you have it) 5 year lease on both; 12K miles/year for the Denver region.
Comparing the Honda interest rates, it would be nice if Toyota has improved their money factors in the New Year. Does Toyota typically provide any form of lease support on their vehicles?
Thank you so much--Jennifer
I owe you a debt of gratitude for your help with the 4Runner in December. Thank you. I told a friend about your assistance with the residual and money factor and now I’m helping with the imminent purchase of a 2003 Auto V6 Accord coupe with Navigation. A purchase price that should make up for the lower residual on a 2003 has already been negotiated and I was hoping that you wouldn’t mind provide MFs’ and residuals for 12K/miles, 36 and 48 months for this car in Utah.
Thank you!
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
First thanks. You are providing all of us with a wonderful service :-)
I am interested in the current lease rates and residuals (12K miles/ 36 months) on the CLK 320 and CLK 500 convertibles.
Also, I noticed in a prior message that BMW has improved their support for the 330i. Has there been additional support this month provided for the 330 convertible and xi?
Thanks
Dave
Thanks for all your hard work on this -- what a benefit to all of us...
I am interested in leasing for 36 months an Infiniti I35 with cold weather package or an Acura TL without navigation. I would like the money factor and resid values on these cars at 12 and 15 k miles per year. In the case of the Infiniti, I would also appreciate knowing the numbers for 39 mo lease, as for some reason Infiniti always pushes these and seems to offer lower rates at this level.
Finally, could you elaborate a bit on what it means to put "nothing" down. I understand not paying cap cost reduction, but how about doc fees, license charges or other miscellaneous items that wind their way onto the final tally?
Once again, thanks for your tireless assistance.
I am going after the 330xi instead. They are quoting .0014 at 60% on a 3/36K for the 330xi. I live in Minnesota.
Two questions. You quote the 330 at .0010. Is that correct for the 330xi in Minnesota? Also what is the typical acquisition fee from BMW?
Thanks again for all your help.
I currently lease BMW 325i in NY. My question is when I buy out at the end of lease, can I negotiate the buying price? My dealer told me they can buy my car at whole sale price for me. Is it true? BMWF says dealer can not buy from financial service directly. I do not know what is true. Anyone has any idea about it?
Many thanks in advance.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
You certainly have been reading carefully, BMW did indeed enhance its lease support on the 330i this month. This enhanced support is also available on the 330xi, but not on the 330Ci convertible.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
As far as the TL goes, if you were to lease a 2004 Acura TL without navigation through American Honda Finance Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00215 and 58%. The 12,000 miles per year residual value for this term would increase to 60%.
You are absolutely correct that it is best to lease without paying any sort of down payment. Doc fees are really nothing more than a way for dealers to add additional profit to deals. You should consider them to be part of the car's total price. Shop around for out-the-door price quotes that include doc fees and the like from several dealerships. Then purchase from the one that provides you with the best overall deal, provided that you feel comfortable with them. If you do end up paying a doc fee as part of the best out-the-door price, it should be rolled into your car's capitalized cost and would not be due at signing.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
Dave
Thanks in advance for your help.
Car_man
Host
Smart Shoppers / FWI Message Boards
Car_man
Host
Smart Shoppers / FWI Message Boards
In discussions with a Toyota Finacial Services rep I was told that they do not negotiate lease buyouts. When I let the rep know that I negotiated the lease buyout on my first Camry 4 years ago, he just said "we don't negotiate on lease residuals."
Can someone shed some light on this? Did they change their policy? Has anyone else been able to negotiate with Toyota on a lease buyout?
I am going after the 330xi instead. They are quoting .0014 at 60% on a 3/36K for the 330xi. I live in Minnesota.
Two questions. You quote the 330 at .0010. Is that correct for the 330xi in Minnesota? Also what is the typical acquisition fee from BMW?
Thanks again for all your help.
I recently ordered a '04 BMW 325xiT Wagon. The dealer quoted me a MF of .00255 on residual 56%, $0 cap reduction, 36mo/45k miles. My credit is excellent. Based on the numbers for the sedan I have seen previously, this seems very high. Can you give me the BMW FS numbers for this vehicle and lease?
How do these numbers compare vs. 325xi sedan and 330xi sedan?
Is there a site where I can find these numbers?
Thanks for your help.
Yesterday I visited the BMW dealership here in New Orleans, inquiring about a 330i ZHP. I wanted to get a feel for what kind of deal they would offer. I spent about 30 min. talking to the sales guy.
I wanted to ask if, as I'm thinking, I can definitely negotiate a better deal than what they were offering:
MSRP $41620
(They said they were firm on MSRP because it is a 'specialty model' due to the performance package, which I thought was unusual and probably bunk.)
MF .0015
Residual 58%
No cap reduction
~$860 due at signing
~$680/mo with tax
Thanks,
Sean
Thank you,
That limits your alternatives quite a bit. One possibility, if you are on very, very good terms with your Toyota dealer where you will be turning the car in is to simply see what they would charge you to buy the car from TFS after TFS puts it up for sale. My understanding is that after the car is returned, TFS will come out and inspect it within a few days and then: 1) offer to sell it to the dealer, then 2) offer to sell it online to other dealers in the region, and then 3) take it to auction. What this approach would mean is that the dealer would buy it from TFS -- presumably at a price that is more reasonable to you, and then sell it to you for the TFS price plus an "upcharge" for their trouble.
This is a lot of work, and even then : 1) TFS could get angry with the dealer if the car is titled in your name (which I assume is on the lease); 2) you are without a car while all this is going on; 3) the dealer may not be motivated to do any of this when they can sell you a new car.
End result for us -- we are turning in the Land Cruiser and getting a Sienna XLE AWD!
I have a 1998 Lexus ES300 that I leased for 48 months/12,000 per year in 2000 that had very low miles. My lease is up in March 2004 and I'm over the mileage by about 17,000 miles. The mileage penalty is $.15/mile, so I'm looking at about $3000 if I turn it in and walk away. Other than that, the car is in great shape, and I've never had a problem with it. I called the finance company (not TFS) to see if they would negotiate the buy out value, and they will. I like the car, but I'm very interested in a 2004 Acura TL, but I don't want to roll over any negative equity into the deal. I have about 83000 miles on the car, and I'm not so sure about refinancing a car that has that kind of mileage on it, even though it has been flawless. Any suggestions? Thanks!
Thanks
Dan
I have no idea whether Toyota is similar. As I said, this info is FWIW.
Here is a scenario which involves paying the BMWFS acquisition fee.
MSRP: $35395
Selling Price: $34600
Acquisition Fee: $525
Residual: .57
MF: .0019
Term: 36 months
Sales Tax: .06
With these numbers, I get a monthly payment of about $552 per month.
Now, if the acquisition fee is waived and the money factor rate adder is .00015, then the monthly payments will be around $544 per month. I know it's just a few bucks, but it seems strange to me that I would be better off to waive a fee and increase the money factor. Am I missing something here? Thanks for your help!
Alex
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Can you tell me the residual and money factor for a 2004 Chrysler Pacifica for the following scenario?
Base: 12000 & 15000 miles/year - 39 mths
AWD: 12000 & 15000 miles/year - 39 mths
Also, do you know the Chrysler Financial acquisition fee and if there is an additional owner loyalty rebate? Thanks!
Mark
36,345 MSRP
TMV 33,695
and I argued (being 20 years old) to 32,900, I'm thinking of letting my father go in, I'm shirr he'll get a better price than I. I'm looking to see how much lease payments would be for a 36 month lease 15K miles a year. please help