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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 carman, We are getting ready to lease a 2005 Cayenne Turbo and I have done some homework. MSRP $94,510.00 Residual 55% Cap cost: $89,510.00 Money factor: .00210 Term: 42 miles: 15,000/years base monthly payment $1,190.69 We live in MA so state tax 5%: $59.53 Acquisition Fee: $595 Doc Fee (???? do not know what this is): $149 Is this a decent deal? Thank you very much for your advice. Viggie |
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Replying to: Car_man (Oct 19, 2004 9:53 am) Thanks in advance carman |
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Replying to: Car_man (Oct 20, 2004 3:56 am) The state is Florida & you might as well provide the 48 month factors also. Thank you!! |
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Replying to: scott31 (Oct 20, 2004 4:21 am) There is an ad in my local paper.. '04 Phaeton.. $699/mo.. $999 due at signing (1st pymt, $300 cap cost reduction) No security deposit 3yr/30K miles Just some info to think about.. regards, kyfdx
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I plan on leasing either an '04 or '05 Acura TSX. I live in Miami, FL. I've got two questions concerning the leasing process: 1. Once and for all, what fees SHOULD I expect and not be expected to pay- disposition fee, acquisition fee, etc.? Do they depend on your credit rating and/or where you live and/or the dealership? 2. Does the residual and money factor depend on where you live, credit ratings, leasing co.?? Or is it a standard number? Thanks for all your help! |
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Hi Car_man: I have a question on leasing a company car for a small company. Both Honda and Nissan dealers ask me to have a board member of the company sign a form to show leasing such a car is approved (by the board). What's is the purpose of such? Do all manufacturers require such? |
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Interesting choice in vehicles, scott31. The Phaeton is actually a very underrated car. It is very nice, but the problem is that it's just too expensive. You are in luck because Volkswagen enhanced the lease program on this car a week or two ago. If you were to lease a 2004 Volkswagen Phaeton V8 through VW Credit right now for 36 months with 12,000 miles per, its base lease money factor and residual value should be .00030 and 55%, respectively. The numbers for an otherwise identical 42 month lease should be .00087 and 51%, respectively. When negotiating a lease on this car, keep in mind that VW just introduced $3,225 lease cash on it that will help you to negotiate an attractive capitalized cost. The $5,000 dealer cash that is available on the 2004 Phaeton can not be used in conjunction with VW Credit's special lease program. Car_man Host Smart Shopper Message Board |
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Hello viggie. Wow back to back posts about really expensive vehicles. The economy must be heating up  . The lease money factor and residual value that you were quoted for this truck are right on the money. This is a good thing because it means that your dealer is being straightforward with you. Porsche dealers frequently mark-up Porsche Credit's base lease money factors to add additional back-end profit to deals. As far as the price that you were quoted for this model goes, most Porsche dealers, except for possibly the ones on the West coast, are aggressively discounting 2004 models to get rid of their old inventory. In fact, Porsche actually made secret payments to its dealers to help them sell their remaining 2004 Cayenne S models. Having said this, the discounts are not as large on 2005 models. There is a huge spread between full MSRP and dealer invoice on the Cayenne Turbo. It is over $10,000. The quote of $5,000 below MSRP that you were given is pretty good. Having said this, even though I am not all that familiar with how much dealers are getting for '05 Cayennes yet, I would not be surprised if you were able to beat it by comparison shopping a little bit. Car_man Host Smart Shopper Message Board
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Thanks for the additional information, bpd196. If you were to lease a 2004 Nissan Murano SL AWD through Nissan Motor Acceptance Corp. this month for 42 months with 12,000 miles per, its base lease money factor and residual value should be .00105 and 56%, respectively. I would be more than happy to work up a sample lease payment on this vehicle for you, however in order for me to do so, I need you to provide me with its full MSRP and selling price. Car_man Host Smart Shopper Message Board
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Thanks for the additional info, vino1. The state of Florida is in Toyota's Southeast region, which unfortunately is a problem. As you may already be aware, Toyota does not directly distribute its vehicles to dealers that are in its Southeast region. Instead, its cars and trucks go through a distributor. In addition to adding unwanted, annoying charges and options to Toyota vehicles sold in the Southeastern U.S., this distributor also publishes its own incentives and has its own captive finance company, SE Toyota Finance. I have not seen SE Toyota Finance's current lease program for either of these models. Sorry that I could not be of more help. Car_man Host Smart Shopper Message Board |
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