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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 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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Replying to: Car_man (Oct 20, 2004 9:22 am) MSRP=30,710; Invoice=28,243 + 42 for wheel locks =28,285. Sale Price $28,385 NMAC Money factor = .00105 (must have recent previous NMAC loan or lease); Residual (12,000 miles)=56%; Bank Fee=550; MV=322 (as of 10/04, 4 years must be paid in advance); Doc fee=95; Tire tax=7.50. 42 Months 12,000 miles / year $331.74 with $1,306.24 due at inception. ns |
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Looking into leasing a honda crv in Hawaii. This past month my friend got a 04 crv lx 2wd. purchase price $21590 36 mo / 12k $0 down $325 monthly residual val = $9790 at this time money factor is unknown. I am looking into leasing a '05 crv, not sure of model yet. Do you know if there are any leasing incentives this month for crv models? Thanks in advance. |
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Replying to: Car_man (Oct 20, 2004 4:00 am) However, related to the residual, while I have also learned that the spread between the ex & exl was 2 points higher, a dealer quoted me lower residuals then you referenced and a more favorable MF. I was quoted a MF of .00146 and EXL residual of 61% and EX residual of 63%. Is the residual % subject to negotiation? If I can hold the MF constant and get the 2% higher residual, I believe I lower the monthly payment about $15 (depreciation charge $17 a month offset by $2 higher interest over the 36 months) Also, how much room do you think I have on the $31,135 selling price? |
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