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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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Replying to: kyfdx (Oct 20, 2004 6:21 am) |
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Hi enya18. The exact fees that one has to pay when leasing vary from bank to bank. If you were to lease an Acura in the state of Florida, at lease signing you would have to pay your vehicle's first month's payment, a security deposit of that payment rounded up to the nearest $25 increment, AHFC's acquisition fee of $595, and any down payment that you want to make (which ideally should be $0). I am not positive, but I do not believe that AHFC charges any sort of lease disposition or termination fee. Consumers do need to have a minimum credit score to qualify for Acura's special lease program, but unlike a number of other banks AHFC does not have different credit tiers, each with its own money factors. Either you qualify for its lowest money factor for a vehicle or you don't. Acura is not currently providing any sort of lease support on the TSX. So if you were to lease one through its captive finance company, you would have to use its standard lease money factors. Its base standard factor for a 36 month lease is currently .00245. The only reason why this factor would be higher is if you were to have your lease security deposit waived. AHFC will do so in exchange for an increase of .00010 in the money factor that is used to calculate your vehicle's lease payment. Car_man Host Smart Shopper Message Board
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Hi cheapowner. I am not exactly sure what sort of documentation is required to lease a Honda or a Nissan through a company. If both of the dealers that you spoke with told you that you need to have a letter from your company stating that the lease was approved then this may indeed me necessary. Sorry that I could not be of more help. Car_man Host Smart Shopper Message Board
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Car_man, I am looking to lease a 2005 Passat GLX. Here is the quote I received from a dealer. Could you please advise on deal? 2004 Passat GLX Sedan (MSRP $31,430) Lease Quote: 48 mo lease, 15k miles per year allowance, $2,000 out of pocket. Dupage, IL titling. $447 per month. 2005 model would run about $18 per month more. Does this seem in the ballpark? Thanks in advance. |
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I have one word. OUCH!!!!!!!!!! |
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Replying to: Car_man (Oct 20, 2004 9:40 am) If you plan to lease/buy the vehicle in the company name the you DO need a corporate resolution form. This shows that the purchase of the vehicle in the company name is known and approved by the officer's of the company. If I am not mistaken they want the letter to be on company letterhead and have the corporate seal on it if you are incorporated. Hope that helps ........
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Replying to: Car_man (Oct 20, 2004 9:37 am) |
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Replying to: Car_man (Oct 20, 2004 3:54 am) Thanks for the information and advice. The demo model has all the options I was looking for so I may have to re-think doing another lease. It may work out better if I can get the cost down to purchase the vehicle and take a schedule 179 deduction as this vehicle is being used for business. If I do stay with another lease do you think the 2005 incentives will increase to the 2004 level by the end of the year. I still have two months left on a 39 month Pathfinder lease so I do have some time before needing to make a decision. |
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