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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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Hello mzinzi. According to the latest information that I have seen, if you were to lease a 2005 Subaru Legacy Sedan GT through its captive finance company for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00100 and 49%, respectively. The numbers for an otherwise identical 42 month lease should be .00120 and 47%. If you were to lease this vehicle with only 12,000 miles per year, its residual values would be 50% for 39 months and 49% for 42 months. As you have heard, Mazda is indeed providing $2,500 dealer cash on leases of the 2004 RX-8. In addition to this lease cash, it also has an additional $750 regular dealer cash on most '04 RX-8 models. Its lease money factors on the '04 RX-8 vary depending upon what state you are in and what your credit rating is. If you qualify for Mazda's top credit tier, I believe that the 3 year, 12,000 miles per base lease money factor and residual value for an '04 RX-8 with a manual transmission should be .00305 and 56%, respectively in your area. The numbers for an otherwise identical 4 year lease should be .00310 and 48%, respectively. Car_man Host Smart Shoppers Message Board |
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You're welcome, anonymousposts. Honda's special lease money factors are available for any length lease, up to 36 months. So you would be able to take advantage of its current lease support and lease for say 24 or 30 months. Car_man Host Smart Shoppers Message Board |
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Greetings mookie. I would be more than happy to help you out. If you were to lease a 2004 BMW 330cic through BMW Financial Services this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00255 and 57%, respectively. Using these numbers, an MSRP of $47,045 and a capitalized cost of $46,045, I come up with a zero down, pre-tax monthly lease payment of right around $720. BMW was providing lease support on '04 3-Series convertibles back in April, but it phased out this support as summer approached. I doubt that it will provide any sort of lease support on 3-Series convertible models again until the colder months approach. Convertibles are so popular during the summer that BMW does not need to provide any support on them then, other than the slow selling Z4. Car_man Host Smart Shoppers Message Board |
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No problem, BigSam. I will use the additional information that you provided me with to calculate a sample three year lease payment for you. According to my calculations, if you were to lease a 2005 Subaru Impreza STI with an MSRP of $34,232 and a selling price of $33,020 through its captive finance company this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $554. The payment for an otherwise identical lease with only 12,000 miles per year would drop to $545. Car_man Host Smart Shoppers Message Board
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You're welcome, tulip1. Let's work up a sample lease payment on the car that you are interested in. According to my calculations, if you were to lease a 2004 Saab 9-3 Linear with an MSRP of $28,535 and a selling price of $22,996 (Edmunds.com's TMV of $26,996 - $4,000 lease cash) through Saab Financial Services Corp. this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $317. Manufacturers' advertised lease payments always include interest charges, but I have never seen one that includes tax. Most automakers, especially ones that make higher-end products like Saabs, load up the cars that they send to dealers with options because that is how most people want them. I have a feeling that you will have a difficult time finding a 9-3 without a sunroof in inventory. Adding this option, using the prices that you listed for it, increases the sample lease payment that I worked up for you to around $333. Car_man Host Smart Shoppers Message Board |
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You're very welcome, Bhaskar. Car_man Host Smart Shoppers Message Board |
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Hey maxim49. If you were to lease a 2004 Infiniti G35 Coupe through Infiniti Financial Services in July for 39 months with 15,000 miles per, its base lease money factor and residual value should be .00215 and 58%, respectively. IFS does not publish residual values for leases with 18,000 miles per year. If you need to drive this much, you will have to purchase additional miles at lease signing on a per-mile basis. Car_man Host Smart Shoppers Message Board
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Hi tampabay. Infiniti is providing lease support on the 2004 FX35 this month. Let me begin by saying that I usually advise consumers against making down payments on leased vehicles. I do so for two main reasons. The first is if your leased vehicle is totaled in an accident or stolen during your lease term, your insurance company pays off the bank that you are leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So this "truck's" purchase price at the end of your lease would be exactly the same, regardless of whether you had put $15,000 down, or had made absolutely no down payment at all. I would be more than happy to work up a sample lease payment on the exact model that you are interested in for you. However, in order for me to do so, I need you to provide me with its full MSRP and selling price. Car_man Host Smart Shoppers Message Board
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Replying to: Car_man (Jul 19, 2004 4:08 am) Thanks a lot! I'll post back when I pick up my car this friday. Thanks again! |
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Help is on the way, denisempmp. There is a great article here at Edmunds.com that will answer any questions that you have about lease terminology. Here is a link to it: Leasing Glossary. If I was in the market for a new car, I personally would go with a Honda Accord over a Pontiac Grand Am in a second. You do not necessarily have to trade your current car in on your next vehicle. In fact, it would be a bad idea to use the proceeds from your trade as a down payment on a lease anyhow. It is never in consumers' best interest to put money down when leasing. If I was in your situation, I would get the Pontiac's bumper fixed, clean it up really well, and try to sell it on my own. By doing so, you will maximize the amount of money you get for it. If it is priced reasonably, you should be able to move it fairly quickly by putting a For Sale sign in the window and by taking out an advertisement in a local newspaper. I would be more than happy to give you an idea of what your lease payment will be like on the Accord that you are interested in if you let me know its full MSRP and an approximate selling price. Car_man Host Smart Shoppers Message Board
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