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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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Car_man, I'm thinking of leasing a 2005 Audi A4 1.8t, auto with prem. pkg, what is the Money factor and the residual for 2yr/15,000 mile and 2yr 12,00 mile lease. thanks |
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Replying to: Car_man (Oct 19, 2004 9:39 am) Both the 2004 and 2005 Durango's are the Limited4WD models.Talked to the salesman today who informed me that they are unable to offer a lease on the 2004 demo model with the 15,000 miles. That did not make any sense to me. Also their price on the 2004 is $29,543. Considering the Kelly Blue Book retail value is $30,770 am I unreasonable in feeling that the $4,500 in factory incentives should be taken off the retail value bringing the price down to $26,200. I am looking at a three year lease and need to decide between 12,000 and 15,000 miles a year. |
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To the one & only Carman, Please advise the MF & Residual for the above two for a 36 mo, 12K mile lease. The Matrix is the manual 2wd model and the Corolla is manual also. Thank you in advance!!! |
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Replying to: Car_man (Oct 19, 2004 9:28 am) I am interested in leasing 2005 Pilot EX-L in NY 12,000 miles per year over a 36 month period MSRP 32,635 Selling price 31,135? Would the MF and Residual % also be the same for the EX? |
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Replying to: Car_man (Oct 19, 2004 9:36 am) On the 2004 BMW 330i, both dealers I have talked with (Knoxville and Chattanooga) tell me they can't locate any more cars. Just 2005 models. I had an offer from one for $525 per month, no cap reduction, $41,945 MSRP, $37,000 cap cost, 57% residual, and .0018 money factor. This was 3 years and 12,000 miles. Equipped with premium and cold weather packages. Offer was end of Sept. Wasn't ready to decide at the time, and first week of October they told me they could no longer lease me that car at that price because all cash incentives from BMW had expired Oct. 1. But your answer seems to indicate there is still cash out there and good money factor rates. They are now trying to steer me to a 2005, but I don't want to pay that much. Any thoughts? |
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I would be more than happy to help you out, akr. If you were to lease a 2005 Audi A4 3.0 quattro convertible through Audi Financial Services right now for 36 months with 10,000 miles per year, its base lease money factor and residual value should be .00225 and 62%, respectively. The money factor for an otherwise identical 39 month lease would be the same, but the residual value would drop to 59%. If you were to lease a 2005 Audi S4 convertible through Audi Financial Services right now for 36 months with 10,000 miles per year, its base lease money factor and residual value should be .00225 and 61%. The money factor for an otherwise identical 39 month lease would be the same, but the residual value would drop to 59%. Car_man Host Smart Shopper Message Board |
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Hi bkipw. Balloon notes are very similar to leases. I always advise consumers not to lease, or in this instance take out a balloon note, for more than 36 to 39 months - 48 months tops. I do so for several reasons. A lot can happen in one's life over the course of 5 years. If you were to move or change jobs, you could end up going way over your allowed mileage on this truck and owe a tremendous excess mileage penalty at the end of your lease if you do not purchase it. Also, by entering into a 5 year balloon note on this Pilot its warranty will have long since expired by the end of your note. As a result, you will have to pay out of your own pocket to fix any problems that you have with it or possibly face an end of term penalty for excess wear and tear. I am sorry to say that if you can only afford this model by taking out a 5 year balloon note on it, you may want to consider something less expensive or perhaps a used vehicle. Car_man Host Smart Shopper Message Board |
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Hello ajpbf7. Both the lease money factor and residual value that you were quoted for the 2004 G35 coupe that you are considering are correct. This is a good thing because it means that the dealership that you are working with is being straightforward with you. The discount that you were quoted is very reasonable. If I am not mistaken, that is right at, or perhaps even a little below dealer invoice for this car. Any time one can get a popular model that does not have any incentives on it, like the G35 coupe, for near invoice they have gotten a good deal. If you like the car, I don't see any reason not to do this deal. Car_man Host Smart Shopper Message Board |
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Greetings st7. Lexus is not currently providing any sort of lease support on the 2005 ES 330. As a result, if you were to lease one through Lexus Financial Services right now, you would have to use its standard lease program. The last time that I saw it, LFS' base standard lease money factor was .00210 for any length lease. Its 3 year, 15,000 miles per residual value for a 2005 ES 330 without navigation is currently 57%. It is difficult to predict when Lexus will introduce lease support on this car, but if I had to make an educated guess I would say that there will probably at least be a little lease support on it in December. I am not personally all that familiar with that sort of price you should expect to pay for this car in your area right now, but you should be able to get a good idea of what these cars are selling for at this time by looking up its Edmunds.com True Market Value in the New Vehicle Pricing section of this site and by stopping by the following discussion, "Lexus ES 300/ES 330: Prices Paid & Buying Experience". Car_man Host Smart Shopper Message Board |
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