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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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Thanks for the additional info, superbeagle. According to the latest information that I have seen, if you were to lease a 2004 Lexus RX 330 2WD without navigation or the rear entertainment system through Lexus Financial Services this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00200 and 54%, respectively. Car_man Host Smart Shoppers Message Board |
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| I just leased a 2004 BMW 325i for 3 years and the buy out price is about $18,000. The same car at 3 years old with approximately 30,000 miles, are advertised online for $25,000-30,000 used. I don't know what the lease buy out price is for one of these advertised 2001's, but if it is anything like mine, there is a big gap between buy out price and market value at lease end. Is my situation unique or is this how lease buy outs typically work? Thanks. | |
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I am looking at leasing an AWD FX35 for 24 or 36 months w/ 12,000 miles per year. Would you please provide the money factor and residual value for both lease terms, as well as approximate payments. MSRP $44,240 Capitalized cost 41,000 Thank You |
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Hi Car_Man. Thank you in advance for any help you can provide. I'm a little bit confused about something you told a previous poster. You mentioned that the $1,000 customer cash could not be used with the "special lease program" for the Nissan Altima. It was my understanding that this incentive could not be combined with the traditional financing (1.9% APR loan for 60 months) support, but I was surprised to hear you mention that it couldn't be combined with the lease program (I didn't see any "special" program for the lease). Can you help clarify, please? Thanks for all your help! |
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Hi, I plan to lease A 2004 Honda Pilot ex w/leather. I was told with $4000.00 down, 16k miles per year, plus $67.00. I would pay 353.00 per month, with tax it would be $377.84. the 36th month would be 18,516.00 balloon payment, because I am planning on keeping it. I was told that if I pay the tax monthly, I would save on tax at the end. I would love to hear advice from those experienced about what they think!!Thank you very much!!LILY |
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Mtamsett, a down payment would indeed lower this car's monthly lease payments, but as I said before there are a number of good reasons not to put any money down when leasing. Thanks for posting the MSRP for me. So you are interested in a 2004 Mercedes-Benz C320 Sedan that has a full MSRP of $42,690 and a selling price of $41,000. You may not be aware that Mercedes-Benz is currently providing $3,000 dealer cash on this car. This means that the dealer that you are working with could sell it for you for three grand below its MSRP and still make full gross, which is probably a little over $2,500. I personally feel as though you should be able to negotiate a more attractive selling price on this car without too much difficulty. Here is the sample lease payment that you are interested in. According to my calculations, if you were to lease a 2004 Mercedes-Benz C320 Sedan with an MSRP of $42,690 and a selling price of $41,000 through Mercedes-Benz Credit Corp. this month for 3 years with 15,000 miles per, its zero down, pre-tax monthly lease payment should be right around $727. Car_man Host Smart Shoppers Message Board |
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Hi mdf. The purchase option prices of leased vehicles are calculated using the residual values that have been published by the bank that you are leasing it through. These values try to forecast the actual value of your vehicle at the end of your lease, not the price that dealers will try to sell your car for if it was on their lots. The prices that you have seen advertised are negotiable. The cars in the ads will probably actually sell for less money and the dealers that are selling them will make a nice profit on them. This will account for much of the difference between your car's residual and what similar vehicles are selling for today. Also, you stated that the vehicles in the ads had 30,000 miles on them. I don't know what sort of mileage allowance your lease has, but if you are leasing with 12,000 or 15,000 miles per year your car's residual value is based upon the assumption that it will have 36,000 or 45,000 miles on it at the end of your lease. Car_man Host Smart Shoppers Message Board
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Hello msrudner. Excellent post. It contained all of the info that I need to help you out. According to the latest information that I have seen, if you were to lease a 2004 Infiniti FX35 AWD through Infiniti Financial Services this month for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00179 and 66%, respectively. The numbers for an otherwise identical 3 year lease should be .00177 and 56%. Using these numbers, an MSRP of $44,240 and a capitalized cost of $41,000, I estimate that your zero down, pre-tax monthly lease payments for this car would be $618 for 2 years and $568 for 3 years. Car_man Host Smart Shoppers Message Board |
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You're welcome in advance  , janamax. Nissan's normal customer cash incentives can never be used in conjunction with NMAC leases. However, it does from time to time provide special lease cash on certain models that can be used to reduce the capitalized cost of leased vehicles. The Altima does not have any lease cash available on it at this time. Car_man Host Smart Shoppers Message Board
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