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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
You are in the Smart Shopper-Archives Forum. Your Hosts are kirstie_h & tidester
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No problem, maxim49. Make sure to let us know how you like your new car when you pick it up. Car_man Host Smart Shoppers Message Board |
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Replying to: Car_man (Jul 19, 2004 3:55 am) BigSam |
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You're very welcome, BigSam. It is definitely not in your best interest to make a down payment when leasing. I always advise consumers against doing 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 vehicle's purchase price at the end of your lease would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all. Car_man Host Smart Shoppers Message Board |
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Thanks for the additional information, Copper. If you were to lease a 2004 Audi A6 2.7T s-line in New Jersey this month for 2 years with 10,000 miles per, its base lease money factor and residual value should be .00010 and 59%, respectively. In addition to this special lease money factor, Audi is providing $2,000 dealer cash on AFS leases of this model in your area. This money will help you to negotiate an attractive capitalized cost. Car_man Host Smart Shoppers Message Board |
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Is this a good deal? 2004 Honda Accord EX-L manual transmission MSRP: $23990 Invoice: $21,638 Installed accessories: approx $1,000 (Spoiler, fog lights, front chin spoiler, fenderwell trim, splash guards, and cargo net) Cap cost: $22700 Residual: $13,200 Mileage: 15,000 per year Term: 36 months Down payment: $0.00 (Nothing paid at signing, no first month's payment, no security deposit) Payment: $360 including tax at 6% My husband and I have differing opinions and would like an experts $.02. |
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No problem, av8rmilt. There's something funny about the prices that you mentioned in your post. There is no way that there is a $10,000 spread between this car's MSRP and dealer invoice price. I suspect that you made a typo when you provided the MSRP. Car_man Host Smart Shoppers Message Board
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Hey all, I am about to lease a 2.2 bmw Z4 and it comes with to crappy 15" alloys!! - are there any rules etc on putting yur own alloys on the car? I only wanna put 17" or 18" the car comes with an option for these from BMW! Thanks hope someone can help me! |
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Hi Car_man, Can you give me the residual and money factor for a 2005 Nissan Altima 2.5S auto? 36 or 39 month, 15k/yr. Also, can the $1000 rebate be used with a lease? Thanks a bunch. |
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Thanks for all the useful info, Car_man. I am shopping for Fx35 and like to have the money factor for 39 & 42 mon with 15K/yr. My research said 0.00177 & 179 with 54 & 52% as residual. If the monthly offerred by dealer is more than (Cap. Dep + finance + tax), any suggestions? |
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Hello anonymousposts. Right off the bat without working up any sort of lease payment I can tell you that there is nothing special about this deal. Dealers almost always have tons of Accords in inventory and Honda is providing $500 dealer cash on '04 Accord Sedans in July. As a result, I suspect that you would be able to find a dealer that would lease you one at least invoice, if not a hundred or two below. That is of course unless you are interested in a rare color or combination of options that would command a premium. If you are going to roll AHFC's $595 lease acquisition fee into this car's capitalized cost it is a better deal than it initially appears, but there is probably still some room to negotiate. Car_man Host Smart Shoppers Message Board |
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