Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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Car_man
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Also I noticed that Jaguar is offering $3250 dealer incentive but not if you lease with Jag finance. How easy is it to get a third party lease? Can you recommend someone? Thank you so much for this forum. Two weeks ago I didn't know the difference between a Money Factor and a candy factory. I'm still no expert but at least I have some idea of what to look for. One more thing the Jag gets terrible reviews but it's such a pretty car do you have an opinion? I don't want to lease a lemon.
My question is this: I am looking at a run-around car for me/my business, it doesnt have to be a specifically nice car as my fiancee has a nice car that we can use. I have looked at some models and don't know if I should lease, buy using the low interest rate's available from some dealers, orbuy outright with cash.
I think I'll have to setup a Limited Company (LLC) to conduct my house business through, so are there any tax benefits available to me by leasing, buying, financing etc if I buy the vehicle through the company etc etc
Any help would be appreciated as I don't know at this time which is the best option for me.
Thanks
Bill
Questions, I am in 800+ credit score "club", is this money factor correct? I am offered the car at 36212 to buy or lease(1000 over invoice). I feel like somehow the lease is skewed. I guess the acquisition fee and first month's payment and license is all I should pay for drive off. I didn't ask for the cap reduction and it throws the numbers off so I am wondering if this "set up" somehow increases the dealer profit above our agreed upon amount. Could you clarify a little for me? I was told they are using Lexus Leasing. I prefer to lease as I don't like paying sales tax on entire car purchase if I am going to trade every three to four years anyway.
The only other consideration for you as an expat, though, is that whether you may be in the position of having to terminate the lease early, for instance if you have to return to the UK. The penalties for early lease termination can be large.
First, one must use the auto for over 50% in business.
Second, excellent records must be kept since IRS loves to audit tax deductions for autos using in business.
Third, you must negotiate more than the usual 12K per year mileage allowance. Determine what kind of mileage you will need. (I used to put over 30K per year on a car, but I transported customers, you may not since apparently your method of business may be different). If not, you will quickly find that the excess mileage cost at the end of the lease will overwhelm you and lose all gained advantages.
Fourth, you must keep the auto properly maintained for the same reason given above. If, at turn in time, there is a problem, you most likely end up paying for it, one way or another,
Fifth, I detect that you might not want a new car. If so, you will probably find it very difficult to lease in the first place.
Business leasing has the deductible advantage, as indicated, but you have to be very careful to ensure it is the way to go. There are may stumbling blocks in that path. It COULD be better than buying, what with the depreciation loss, but...
I will never lease again, even with that loss.
Financing is a personal matter; it does permit you to utilize your capital elsewhere rather than tied up in a depreciating asset.
• Your drive-off figure of $2,450 doesn't include your first month's payment.
• If you subtract the capitalized cost reduction of $1,538.92 from the initial capitalized cost of $36,212, you get $34,673.08, but you give the adjusted capitalized cost as $35,273.08, which is $600 more.
Does anyone have any details regard a special leasing for the X-3? I am told that BMW is running a special until the end of March. Is it same for 2.5 and 3.0 Versions. If anyone knows the details, I would totally appreciate any information on them. I am having a hard time getting honest answers here in Southern California and also in trying to decide which model will be best.
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I personally feel as though the X-Type is a pretty nice car and a good value for the money when one leases it. I definitely would not want to own one out of warranty through. I have a very good friend who is leasing an X-Type right now. A couple of months ago the transmission in it completely went. When they took it to the Jaguar dealership to fix it, they were not surprised in the least and said that it is a much more common occurence than it should be. Eventually the entire transmission was replaced under warranty. Funny enough, when they gave her another brand new X-Type as a loaner car, it ended up having major electrical problems and had to be exchanged. So Jags are nice and make good cars to lease because they have attractive lease programs. Just make sure not to lease one for longer than its warranty.
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Could you please post the lease rates for the Audi Avant 1.8 and 3.0? I noticed the end of a T.V. commercial for their leasing. Are the current rates better than normal for Audi? Thank you all your help.
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The mileage allowance would be 12k per year on the '04 Sienna lease. My thinking with the large down payment was drastically lower monthly payments. Please advise.
Thanks!!!
I would be more than happy to calculate a sample lease payment on this car for you to give you an idea of what your lease payment should be like on it at this time. However, in order for me to do so, I need you to tell me what its full MSRP and selling prices are. It is important for you as a consumer to know what this car's selling price is anyhow because without it it is difficult for one to tell just how attractive a deal they are getting. Once you provide me with these figures, I will tell you exactly what this car's lease payment should be.
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In essence, the two drawbacks (as I see it) to putting a large, or any down payment on a leased vehicle, is 1)if the vehicle gets stolen or totaled (heaven forbid), your down payment is essentially lost and 2)the leasing company is holding your down payment instead of you, thus, reaping the interest rewards, if any. Please let me know if there are any other drawbacks to putting down a significant down payment. Also, does Gap Insurance fully cover your liability if the vehicle is stolen or totaled? Thanks again!!!
In my original post I was was looking for specific monthly payment to expect. I had posted the selling price and MSRPs and you said you could provide a sample payment once I clarified the specific model of CLK coupe. I thought the model would be apparent from the MSRP I had posted, but I replied with the specific model in the next post (which was a CLK320).
I had originally asked only for 12K miles per year, but can you list sample payments for both 12K and 15K miles per year based on the prices listed in the original post 9470?
Thank you.
If you would be so kind as to offer your opinion on these lease terms on a non-Nav 2004 TL, it would be greatly appreciated:
36 mo/15,000 miles
$700 total down
$485/month, tax incl. (tax rate 7.5%)
Price of vehicle: $30,600, residual value: $19,253.10. I am pre-qualified for financing via my credit union (0.0016 leasing factor = 3.9% or so)
I'm from Ohio, and I contacted all of the Acura dealerships in my area and I've gotten one to accept those terms so far. I'm waiting to hear from the Acura location about 10 minutes from my house, however (the one I heard from is about 40 miles away). What do you think of the terms? Thanks in advance!
On Feb 9, you responded to my question about Vovlo XC-90 lease rates by saying that Volvo is giving no lease support and the deal I was given was certainly better than straight Vovlo financing. In light of this, do you have any suggestions on how I can determine how good the offer is, and perhaps get a target to try to negotiate to?
Thanks!
Thanks
Thanks again.
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does that sound like a good deal ?
do I really need wear and tear insurance ?
thanks again CarMan.
04 Infinit G35 with AWD and without
04 BMW 325i
04 Acura TL
04 Audi 1.8T
04 Lexus ES330
04 Maxima SE
Thanks for your help.
Tim
I called my dealer today and I got some more information on the deal for the Acura TL auto with Navi. The money factor is .00225, residual $19,098, and selling price would be $34,000. MSRP is $34,650. The down payment itself would be around $1665 out of that $3,000 drive away fee. The lease is for $499/36months 15k/yr. Is this where my payment should be for this car? Once again thank you so much for your help.
Thanks for your earlier reply.
After looking at your response, I went and had my credit union run some numbers, and this is what they offered for a non-nav:
MSRP: 33195
Selling price: 31200
Tax: 7.5%
Residual: 17593 (53%)
MF: 0.0016
No sec. deposit, no acq. fee, nothing down (it is not rolled into the price)
$518/mo, 15K/yr.
I realize that the monthly is higher than you think it should be, but I was told that the residual was based on ALG data instead of AHFC data. I like the fact that the only thing I pay for at closing is first month. I think the lower residual covers them in the long run, as the car is not overvalued as much at the end of the lease, so they can get most of their money back if it goes to auction, and it is more attractive to the lessee at the end of the lease, and I like that flexibility.
Any input is always appreciated. Thanks!
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