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Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here 
23872 messages, Last post on Sep 20, 2005 at 8:08 AM
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Slardy, I posted a detailed explanation on how to calculate monthly lease payments quite some time ago in this conference. Here is a link to that particular post: Town Hall Finance, Warranty, & Insurance Conference Topic #35 "How to Calculate Monthly Lease Payments". Enjoy! Car_Man Smart Shoppers / FWI Co-Host |
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Hi demclaughlin. You are correct, a vehicle's specific lease money factors and residual values will vary depending upon what bank you lease it through. It is obviously extremely difficult to track the thousands of different lease programs that are available from all of the various banks that are out there. So, I personally keep an eye on the lease programs run by manufacturers' captive finance companies. It usually turns out that captive finance companies are able to provide the most attractive leases on vehicles that receive factory lease support. However, it is frequently less expensive to lease an unsupported vehicle through an unaffiliated lending institution. The Audi Financial Services lease program on the A4 expired at the end of today, and as you might imagine I haven't seen their new program yet. Please feel free to check back with me towards the end of next week and I should have the info that you're looking for. Car_Man Smart Shoppers / FWI Co-Host |
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| Carman: regarding my previous inquiry. received news of a quote for $388 for the Max. GLE 15K/36month lease with TCS/Floormats. This might just be the right quote i was looking for. | |
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Good job, henckels. Shopping around definitely pays. This latest quote sounds right around what I would expect this car to cost you. Enjoy. Car_Man Smart Shoppers / FWI Co-Host |
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Ramd02, if you were going to lease a GS 400, I would say wait until the GS 430 is introduced in the not so distant future. However, the Lexus GS 300 came out in 1993, had a major redesign in 1998, and it has changed relatively little since then. So both of these cars should be relatively similar. As far as the deals go, I would say that both the price that you are being charged for the 1998 GS 300 and the lease interest rates seem very reasonable to me. However, even though the interest rate seems fair for the 2001 model the price sounds a little on the high side. Of course, I have no way of telling how this car is equipped by reading the post that you made. So if this car is loaded than this price might not be that high after all. It is in your best interest to pay a visit to another Lexus dealership or two to see if they would be willing to give you more than a $500 discount on this car. If not, then this is what the market dictates for this particular vehicle in your area. Which one you should get is really a personal decision. It depends upon several factors, including how much more you want to drive a brand new car over a used one and what your budget is like. Car_Man Smart Shoppers / FWI Co-Host |
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bretfraz: also here in Florida a license tag for a lease vehicle will, car for car, cost almost double as well. just another way to "tax your sox off" I would not recommend anyone lease unless they can charge it off as biz expense. Plus at lease end we have always had a BIG hassle about excessive wear and tear, not worth it IMHO. Floridian |
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I am currently considering leasing one of the following 2001 models: Expedition, Tahoe, Suburban, Durango and Yukon (2 wheel drives). Can you give me the residual percentage for each of these on a 3 and 4 yr lease? Or, please tell me where I can find this information. If some of these models have a lower residual than the others, I may eliminate them from my consideration. Also, what is an average money factor to use? I want to do my own calculations before I make an offer. |
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Hello, I am planning on leasing a 2001 Acura 3.2TL (when it comes out later this month). Does anyone have residual and money factor info on this car (or the 2000 Acura 3.2 TL)? I am looking at a 36 month lease with 15,000 mile per year. Thanks.. |
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car_man: here's the deal I got for the Max: Fully Loaded GLE, all options except gold badging. 389/month for 39 months. I thought it was a pretty dang good buy. Do you have any idea about the end of lease procedures for nmac? I just found out my existing honda lease will be charged some bogus "disposition fee" in the amount of $400. Leaves a pretty bad taste in my mouth, would that be a norm? |
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Hi hodgesja. Fortunately, all of the lease programs for the vehicles that you are interested in are scheduled to run at least through the end of the month. However, I have not seen the lease program for the 2001 Expedition yet. I probably will have that data by the end of this week. OK now for the other trucks that you are looking at. Neither the Tahoe, Suburban, or Yukon currently have any lease support available on them through General Motors Acceptance Corp. So if you decide to lease one of these SUVs through them you will have to pay their standard lease rate of 9.5% for all lease terms. This rate assumes that your credit is in good shape and will be higher if it is not. I haven't seen the residual values for the 2001 versions of these trucks yet, but again may have them in a few days. If you decide to lease a 2001 Dodge Durango through Chrysler Financial Corp. the lease money factor is currently .00340 for both 36 and 48 month terms. The 15,000 mi/yr residuals for this truck are 54% for 36 mo. & 47% for 48 mo. for the 2WD version and 55% and 48% respectively for the 4WD version of this truck. Car_Man Smart Shoppers / FWI Co-Host
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