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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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Hi SST. Although they may vary slightly depending upon the area of the country that you live in, in the majority of the country General Motors Acceptance Corp. (GMAC) has a special lease rate of 5.65% on all 2001 Oldsmobile Silhouette minivans for 24 to 36 month terms. GMAC's supported 15,000 mi/yr residual values for the 2001 Silhouette Premier Edition are 57% for 24 month, 51% for 30 month, and 48% for 36 month terms. This should answer all of your questions, but if you think of any others please don't hesitate to ask. Happy Holidays, Car_Man Smart Shoppers / FWI Co-Host |
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Hi, I was at the Honda dealership tonight and obtained the following lease for a new 2001 Honda Accord Coupe EX, with no extras added (mudgaurds, visor, etc): 39 month lease .00278 money factor $309.45/month $1,500 down payment (Acquisition fee $450, no sec. deposit) Capitalized cost: $20,475 (I think, don't have actual paperwork until tomorrow) Residual: 57% (again, not sure since I don't have paperwork yet, but I'm sure these are the #'s.) Do you think this is a good deal that I've just gotten into or did I get ripped off? The monthly payment and down payment were the lowest that I've been offered in the past month, so I feel that I've gotten a fairly good deal, but wanted a third opinion. Thanks!! deedee |
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Hi, one small addition...the coupe is a 4-cylinder. Thanks! |
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Do you have the money factor and residual value for the December Nissan's yet? Specifically the SE and GLE. The information (when you have it) would be greatly appreciated. Christian |
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Hi deedee. Nice car, for some reason I've always been really fond of Honda Accord Coupes. Just curious, what color did you get? OK now on to your question. It's good to see that you made sure to find out the lease money factor that is being used for your deal. The dealership is using the special lease money factors that American Honda Finance Corp. has available on 4-cylinder Accords right now and is not marking them up. Still, one other piece of information that you should probably find out is this vehicle's capitalized cost. The cap cost is essentially the amount of money that the dealership is charging you for your car minus any down payment that you make. When leasing a vehicle, consumers are able to negotiate its price just as if they were purchasing it for cash. The cap cost is an important figure to know, because by looking at will enable you to tell just how much you're being charged for this car and if you are getting a good price. If you have shopped around at a few dealerships and this is the lowest price quote that you received, then you probably did just fine. Car_Man Smart Shoppers / FWI Co-Host |
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Hello Christian. I have briefly seen Nissan's December incentives programs, but I don't actually have a copy of them yet. From what I remember, their lease program was almost identical to November's except for the fact that they added $500 lease cash to I believe the 2001 Pathfinder. Don't quote me on that though until I can take a second look at their new program. I should have the exact details by some time late this week. Please feel free to check back with me then and I would be glad to let you know what their program is like for the vehicle that you're interested in. When you check back though, I will need you to be more specific about the exact model that you're interested in and not just the trim levels. Thanks. Car_Man Smart Shoppers / FWI Co-Host |
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I need to know what an ideal cap cost and payments would be for a 2001 Maxima, 15k, with a moonroof, wind deflector, spoiler, mats. on a 51 and 54 month lease. My trade is a 1998 Taurus SE, 59k, spoiler, electric windows, locks, cruise, cloth seats, no power seats. I owe $13,300 on it and we are putting down $2k. Let me know if you need more figures. Thanks |
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| that is a maxima GLE | |
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Taking a look at the Edmunds.com True Market Value section of this site is a good way to determine a fair price for the car that you're interested in. You can find the TMV for a 2001 Maxima GLE by clicking here: Edmunds.com Nissan Maxima GLE Pricing Page. Once you have checked out this car's TMV, you may also want to ask fellow Maxima owners and shoppers what they think is a fair price for this car. The Smart Shoppers Conference and Sedans Conference are two great places to get pricing feedback from other community members. I personally believe that you should be able to get this car equipped as you mentioned for around $25,800 or a little more pre-tax. You mentioned that you wish to lease this car for 51 or 54 months. I usually advise consumers to lease for a shorter lease term than this for a wide variety of reasons. One is that your car's warranty will expire quite a while before your lease is up. As a result, you will be responsible for paying for any repairs that need to be made to your vehicle out of your own pocket prior to returning it. Furthermore, for any lease terms longer than 3 years, Nissan Motor Acceptance Corp.'s lease money factors on the 2001 Maxima increase from .00260 to .00365. So, if you lease for any term longer than 3 years you will have to pay an interest rate that is about 2.5% higher. To be totally honest with you, I don't even know if NMAC leases vehicles for longer than 48 month terms. I have never seen them publish any residual values for terms longer than that. I just ran a few numbers for you. If you lease the car that you described at a price of $25,800 with $2,000 down through NMAC for 36 months with 15,000 miles per year your pre-tax monthly lease payments should be right around $354 per month. Car_Man Smart Shoppers / FWI Co-Host |
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| Car Man, What about my trade in? The payoff is around 13,250, and they will give me almost 9k for it. Thus, with the above figures, can you throw in an extra -$4,500k, for the difference of my trade-in, so I can see exactly where my payments should fall?? The $2k we are putting down drives the car off the lot and takes care of any starts. I believe the total cap cost, including the negative equity, was around $27k. We are going into a longer lease so I can keep my payments down. It will be financed by Chase, due to our beacon scores of 605 & 625, we fell out of any tier. Thanks for your prompt and helpful reply. H. Joe Strickland | |
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