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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: 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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Hello jpm. There is a vital piece of information missing from your post, this car's selling price. The selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. This is an important number to know because without it it is difficult to tell what sort of deal you are getting and it is impossible to calculate a sample lease payment without. Afterall, you wouldn't pay cash for this car without knowing what you were being charged for it. I would be more than happy to work up a sample lease payment and let you know what I think of the one that you were quoted for this Passat for you if you let me know its price. Car_man Host Smart Shopper Message Board
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Thanks for the helpful info, anonymousposts  . Car_man Host Smart Shopper Message Board |
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Enya18, American Honda Finance Corp.'s current 3 year, 15,000 miles per residual value for a 2004 Acura TSX without navigation is 57%. Car_man Host Smart Shopper Message Board |
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You're very welcome, kenv3. I suspect that the incentives on the 2005 Dodge Durango will be higher by the end of this calendar year, but I personally doubt that they will reach the level of support that is currently being provided on the 2004 model. It is difficult to predict what automakers will do with their future incentives with 100% accuracy, but I don't think that we will see that much support on the '05 Durangos until at least mid-2005. Car_man Host Smart Shopper Message Board |
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