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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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Hi Carman, I was wondering if you could give me the MF/residuals on an 05 Impreza Rs wagon, no options, for a 36-39 month 12K/15K lease? I'm in New Jersey if it matters. Thanks, Edmund |
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Car Man, I'm looking to lease a car for the first time and am grateful to have learned about this valuable message board resource. According to the calculator on the bmwusa.com website, imputting 3 variables for leasing a 2004 BMW 325i (w/ automatic, $30,070 MSRP, 15K miles/yr., 36 months) would give me a $414 monthly payment. Could you please let me know your best estimate for the implied residual value % and money factor behind the calculation ? How does such residual value % and MF compare to the current leasing promotion for the same 2004 car but with only a 10,000 mile/yr. allowance for $299 per month. To make it apples to apples, could you please factor in whatever excess mileage charge for the add'l 5,000 miles/yr I'll be charged at lease signing ? Ultimately, I'd like to be able to figure out which would be the better 36-month lease for lower monthly payments, one on a 2003 Certified Pre-Owned or on a 2004 325i under the current promotion (thru Aug 31st). But I'll have to save that for another post. thanks in advance, van |
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Hi jamesyj. I believe that the 2004 BMW Z4 2.2 comes standard with 16" tires. There is an option to upgrade it to 17" OEM wheels. If you add this option to your car, it can be residualized and become part of your vehicle's lease payment. However, I do not believe that BMW Financial Services allows the residualization of aftermarket tires and wheels, so if you go with something other than BMW's official upgrade you will probably have to pay cash for it. If you are allowed to bake aftermarket wheels into your lease, you would probably have to pay for them in full, dividing their cost by the number of months in your lease and adding that amount to your monthly payment. Car_man Host Smart Shoppers Message Board |
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I would be more than happy to help you out, keeferb. If you were to lease a 2005 Nissan Altima 2.5S through Nissan Motor Acceptance Corp. this month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00193 and 60%, respectively. The numbers for an otherwise identical 39 month lease would be .00191 and 59%. The $1,000 consumer cash that Nissan is providing on this car can not be used in conjunction with NMAC's lease program. Car_man Host Smart Shoppers Message Board |
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No problem, bargainhunter. Here is the information that you are looking for. If you were to lease a 2004 Infiniti FX35 AWD through Infiniti Financial Services this month for 39 months with 15,000 miles per year, its base lease money factor and residual value should be .00179 and 54%, respectively. The numbers for an otherwise identical 42 month lease should be .00179 and 52%. I would be more than happy to calculate a sample lease payment for you on the exact model that you are interested in, but in order for me to do so, I need you to provide me with its full MSRP and selling price. If you feel as though you should be able to get a lower monthly payment on this model than the one that you were quoted by the dealer that you are currently working with you have two options. You can haggle with them some more to see if you can get them to give you a better deal or you can comparison shop with a few other Infiniti dealers. Car_man Host Smart Shoppers Message Board |
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Sorry about that, 307web. When there is a ton of questions in this discussion, like there has been lately, occasionally a post or two will fall through the cracks. Here are the sample lease payments that you are looking for. According to my calculations, if you were to lease a 2004 Jaguar X-Type 2.5 with an MSRP of $34,490 and selling price of $27,028 through Jaguar Credit this month for 36 months with 15,000 miles per year, your zero down, pre-tax monthly lease payment should be right around $488. If you were to do an otherwise identical lease of an '04 X-Type 3.0 with an MSRP of $39,765 and a selling price of $32,275, its payment would be around $359. As you can see, something does not seem right here. I have a feeling that the dealer cash that you used to arrive at the selling price for the 3.0 can not be used in conjunction with Jaguar Credit's lease program. Backing out the $5,000 dealer cash on the 3.0, I come up with a payment of $499. Car_man Host Smart Shoppers Message Board |
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No problem, wibble. It sure is a heck of a low money factor. You can't get much closer to a lease without any interest than that. Car_man Host Smart Shoppers Message Board |
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Hey 307web. According to my calculations, if you were to lease a 2004 Lexus ES330 with navigation (MSRP: $37,230 / selling price: $33,268) through Lexus Financial Services for 36 months with 15,000 miles per year this month, your zero down, pre-tax monthly lease payment will be right around $447. I do not believe that Lexus is providing support on 2 year leases of this car. If this is indeed the case, it does not make much sense to lease one for that long. Car_man Host Smart Shoppers Message Board |
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Hi Car_Man . Please dont forget my question !! I am ready to deal and cant wait. Seriously if yopu get time id love to know the numbers and your thoughts. thanks |
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Hi hartt. Let's take a look at the lease programs that you are interested in. If you were to lease a 2004 Chevrolet Trailblazer LS 4WD through GMAC this month for 3 years with 12,000 miles per, its base lease rate and residual value should be 2.5% and 55%, respectively. As you can see, GMAC publishes lease rates instead of lease money factors for vehicles. You can convert the aforementioned rate into an approximate money factor by multiplying it by 2400. Toyota's lease program varies by region. I do not believe that it has any sort of lease support on the 2004 4Runner in any of its regions though. If this is the case and you were to lease one through Toyota Financial Services, you would have to use its standard lease program. I haven't seen its standard lease program recently so I can not help you out there. Lastly, if you were to lease a 2004 Dodge Durango SLT 4WD through Chrysler Financial this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00141 and 51%, respectively. Dodge is providing $3,500 lease cash plus $1,000 Chrysler Financial Bonus Cash on the '04 Durango in July for a total of $4,500 that you can use to negotiate a more attractive capitalized cost. Car_man Host Smart Shoppers Message Board |
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