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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! Looking at a 2004 Dodge Durango Limited with 15,000 miles that was used by the dealer and still has it's incentives and a 2005 model. Would like to have the residual values and money factors for these two vehicles before sitting down to negotiate a lease. Thanks |
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Replying to: Car_man (Oct 18, 2004 9:13 am) I think i am gonna to put the extra $40/month on the lease payment rather than the insurance company. |
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Replying to: Car_man (Oct 18, 2004 3:56 am) I got the .00145 money factor from the first dealership I tried. Although when I called a second dealership they offered a money factor of .00128 for a 4/15K lease and agreed to all the same terms and conditions on the exact same car (the car is at another dealership and will have to be sent over). Is this (then new money factor) still too high? One question, when I went to the second dealership, I was told the car had around 890 miles on it (something that was NOT divulged to me at the first dealership)...anyway, by the time I will get the car, it will have over 1000 miles (they are driving it to the dealership)...should I be worried? I was assured that this would not affect the lease and I reasoned (with myself) the car is: 1) In warranty 2) I don't intend to buy the car after the lease 3) Has the features I want But, I do have some concerns so please (anyone!) post and tell me I will be making a mistake (0h, I did negoiate a better price after I was told of the milage issue). Thanks!! |
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I sure do, njl. If you were to lease a 2005 Chrysler Town and Country Limited through Chrysler Financial in your area right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00151 and 51%, respectively. When negotiating your lease on this van, keep in mind that DaimlerChrysler is providing $1,000 lease cash and another $1,500 bonus for deals through Chrysler Financial for a total of $2,500 that will help you to negotiate an attractive capitalized cost. Car_man Host Smart Shopper Message Board |
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Thanks for the additional information, alex123. If you were to lease a 2005 Audi A4 1.8T sedan with quattro through Audi Financial Services right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00065 and 60%, respectively. An otherwise identical lease of a 2005 Audi S4 Sedan would have a base factor and residual of .00055 and 58%. Lastly, an otherwise identical lease of a 2005 Audi TT 225 Coupe with quattro should be .00050 and 54%. If you were to lease any of these cars with only 10,000 miles per year, their residual values would be 1% higher. Car_man Host Smart Shopper Message Board
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Hello Chris. Nissan is actually not providing any sort of cash incentives on leases of the 2004 Murano at this time. The $1,000 customer cash that Nissan has on it can not be used in conjunction with its special lease program. This means that the entire $2,100 dealer discount that was mentioned in the advertised lease that you saw was given by the dealer out of the margin between this model's full MSRP and selling price. Manufacturers' advertised lease payments often leave a little room for negotiation, so you may be able to lease a slightly lower price than the one that was used to arrive at this payment. Car_man Host Smart Shopper Message Board |
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You're welcome, eclipse2. You may be able to negotiate a lower selling price on this car by waiting a little while to get one, but I personally doubt that its lease program will get any better than when it is first introduced. This is when its residual values will likely be the highest. High residual values are very important for vehicles that do not have any lease support on them, like the 2005 RL. Car_man Host Smart Shopper Message Board |
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You're very welcome, ubrsf. According to the latest information that I have seen, if you were to lease a 2005 Land Rover LR3 HSE through its captive finance company right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00285 and 52%, respectively. The money factor for an otherwise identical lease with 12,000 miles per year would be the same, but the residual value would increase to 54%. Car_man Host Smart Shopper Message Board |
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Welcome aboard, irg. The call that you received was talking about the early lease termination program that General Motors is running right now. You are correct, you should be able to get out of your current lease if you get any new General Motors vehicle, other than Saab I believe, not just another new Saturn. You are also right in that General Motors' residual values are not the highest in the world. Fortunately, GM artificially inflates them on most models to make them a little more tolerable. For example, it is bumping up its 3 year, 15K residual value on an '05 Chevy Venture from 33% to 48% in some regions. While it is expensive for them to do so, it makes this models lease payment a lot more reasonable than it normally would have been. As you expected, GM is not currently providing any sort of lease support that I am aware of on the Uplander or Relay yet. Give it time though, I guarantee that there will eventually be tons of support on these models. Unfortunately, you will not get any sort of financial bonus from GM for turning in a vehicle that is way under your allowed mileage and is in good condition. Car_man Host Smart Shopper Message Board
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Replying to: brettv1 (Oct 13, 2004 1:09 pm) |
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