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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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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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I haven't forgotten about you, tampabay. I answer any questions that community members have in the order that I receive them. Here is a sample lease payment on the vehicle that you are interested in. According to my calculations, if you were to lease a 2004 Infiniti FX35 AWD with an MSRP of $44,240 and a selling price of $40,500 through Infiniti Financial Services this month for 36 months with 10,000 miles per year, your zero down, pre-tax monthly lease payment should be right around $541. The payment for an otherwise identical 39 month lease should be around $521. If you end up trading your current vehicle in, you definitely should not use the proceeds from it as a down payment on this lease. It is never a good idea to put money down when leasing. Car_man Host Smart Shoppers Message Board
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You're welcome again, pipo. I am not sure what the current 39 month residual value is for this model, but the 42 month residual value is definitely not the same as the 36 month resid. Its 42 month, 10,000 miles per residual is 52%. This program is scheduled to run through the end of August and will probably do so without any changes, but BMW does reserve the right to change it at any time. Car_man Host Smart Shoppers Message Board |
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Replying to: Car_man (Jul 20, 2004 4:24 am) Thanks very much for the excellent info. that looks a pretty cheap deal to me. I appreciate your help. |
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Ah ha. This deal makes much more sense now, av8rmilt. Let' try this calculation again. According to the numbers that I have seen, if you were to lease a 2005 Nissan Altima 3.5 SE with an MSRP of $23,930 and a selling price of $22,627 ($500 over invoice, your price may vary) through NMAC this month for 36 months with 12,000 miles per, its zero down, pre-tax monthly lease payment should be right around $308. The payments for otherwise identical 39 and 48 month leases should be around $295 and $286. The $1,000 customer cash that Nissan is providing on the '05 Altima in July can not be used in conjunction with its special lease program. Car_man Host Smart Shoppers Message Board |
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You're very welcome, denisempmp. Even with the cracked bumper, you will probably be able to get the most money for your current vehicle by selling it privately. Consumers usually get a lot more money for vehicles that have been cleaned up nicely before they were put on sale. As a wise man once said, the hand purchases what the eye sees...or something like that. People who see a beat up car often assume that it wasn't taken care of and it did not have maintenance performed on it in a timely manner. As far as the Honda Accord that you are looking at goes, it appears as though the selling price that you were quoted is actually higher than its full MSRP. Dealers are providing significant discounts on Accords right now and you definitely should not pay anywhere near full MSRP for one. Consumers can always lease any vehicle that they want without making any sort of down payment. In fact, it is in your best interest not to make any sort of capitalized cost reduction when leasing. Many manufacturers advertise leases with down payments because it makes their monthly payment look more attractive. People often just look at the monthly payment that is being advertised and do not pay attention to the other aspects of the lease. If you're not looking at the down payment, $199 per month looks a lot better than $230 per month. This is a great time to lease an '04 Accord Coupe. Not only is Honda running a special lease program on Accords in July, but it also has $500 dealer cash on '04 Accord Coupe 4-cylinder and $1,000 on '04 Accord Coupe 6-cylinder models that will help you to negotiate a more attractive selling price. They just advertise a sample lease payment on the Accord Sedan because sedans are much more popular than coupes are. Car_man Host Smart Shoppers Message Board
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