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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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Replying to: Car_man (Oct 19, 2004 4:08 am) |
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| I have started nego on a 04 murano sl awd touring pkg could you please tell me the money factor and residual. Can I request the dealer to fax me this info | |
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Replying to: Car_man (Oct 19, 2004 3:39 am) |
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Hey eegs2k. Vehicles' lease acquisition fees vary depending upon which bank one leases through. Chrysler Financial's base lease acquisition fee is currently $550. If the dealer that you are working with quoted you a higher fee than that either this lease is through a different bank or they are marking-up Chrysler Financial's base fee to add additional profit to your deal. You definitely can and should negotiate the selling prices of leased vehicles. Manufacturers' advertised lease payments often leave a little meat on the bone so to speak. To figure out around what you should pay for this truck, look up its dealer invoice price by visiting the New Vehicle Pricing section of this site, subtract the $2,000 cash incentive that is available on it ($1,000 lease cash + $1,000 bonus cash on deals through Chrysler Financial), and add a couple hundred dollars. Car_man Host Smart Shopper Message Board |
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Hi dmbleser. Many banks are not willing to take back leased vehicles prior to the scheduled end of their lease terms, even if the lessee is willing to pay all of their remaining payments. It is difficult to say why some banks take this position. Perhaps they feel as though they will have to take a loss when they send your vehicle to auction and they want to put off doing so for as long as possible. Perhaps they just don't want to be bothered. Regardless of the reasoning, always remember that the dealer that you got your Beetle from has nothing to do with whether or not you can return your leased vehicle at this time. This is strictly between you and the bank that you are leasing your car through. Give them a call and see if they would be willing to work with you. Car_man Host Smart Shopper Message Board |
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Hello enya18. Acura is not providing any sort of lease support on either the 2004 or 2005 TSX at this time. As a result, if you were to lease either of these cars through American Honda Finance Corp., you would have to use its standard lease program and their money factors would be exactly the same. Since the factors are identical, the most important factors in determining your lease payment will be their residual values and their selling prices. While I have not seen them yet, it is very safe to assume that AHFC's residual values for the 2005 TSX will be higher than its residual values for the 2004 model currently are. As a result, all things being equal, namely their selling prices, the 2005 model would actually be less expensive to lease than an equivalent 2004 model would be. The question is whether you will be able to negotiate a significantly lower price on a leftover '04 TSX to justify getting one. Car_man Host Smart Shopper Message Board |
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No problem, dv8tor. I always pay the security deposit on leases rather than having it waived in exchange for an increase in the money factor when I am given the choice. As long as you can afford to tie up the couple hundred dollar deposit for a couple of years you will eventually get it back or be able to use it to pay any penalties that you are charged, which in my opinion is better than just paying a higher monthly payment each month. Car_man Host Smart Shopper Message Board |
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Greetings briegel. I am sorry to say that Lexus is not currently providing any sort of cash incentives or lease support on the 2005 RX 330. As a result, if you were to lease one through Lexus Financial Services right now you would have to use its standard lease money factor. The last time that I saw it, its base standard factor for your area was around .00210 for any length lease. LFS' 3 year, 15,000 miles per residual value for a 2005 RX 330 AWD w/o Nav should currently be 57%. Its 12,000 miles per year residual value would be 2% higher. Car_man Host Smart Shopper Message Board |
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Hi eagwheels. For a while, Honda was publishing two sets of lease money factors for vehicles, those that were leased in New York and those that were leased in any other state. A few months ago, it stopped publishing two sets of factors. American Honda Finance Corp.'s money factors are now good in every state, but its lease acquisition fee is increased in New York from its normal $595 to $1,095. I would be more than happy to give you an idea of what the exact money factor and residual value should be for this truck if you let me know how long you need to lease it for and how many miles per year you need to be able to drive it. Similarly, I will let you know what I think of the selling price that you were quoted if you tell me this model's full MSRP. Car_man Host Smart Shopper Message Board
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Hi CARMAN: Could you kindly give me money factors and residuals for 1. 2005 Audi A4 3.0 quattro convertible lease (36 and 39 months) 2. S4 convertible (also 36 and 39 months) 10k miles OK. Thanks |
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