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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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Bpd196, the "$1,306.24 due at inception" that you were quoted for this lease probably includes your first month's lease payment, a security deposit of that payment rounded up to the nearest $25 increment (unless it is being waived), NMAC's lease acquisition fee of $550 (unless is is being included in your vehicle's capitalized cost), and any sort of down payment that you make (ideally one should not make any sort of cap cost reduction when leasing). How tax is calculated on your deal varies depending upon what state one is in. If you let me know where you are I may be able to give you some information on how tax is calculated on leased vehicles in your area. The lease money factor and residual value that you were quoted are right on the money. Using these numbers, an MSRP of $30,710 and a selling price of $28,385, I estimate that this vehicle should have a 42 month, zero down, pre-tax monthly payment of right around $315. Car_man Host Smart Shopper Message Board
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Aloha mvp2be. Hawaii is not known for having the most competitive prices on vehicles because of the lack of competition there. I guess that is a small price to pay for living in such a beautiful paradise. Honda is not currently providing any sort of lease support on the 2004 CR-V. As a result, if you were to lease one through its captive finance company, American Honda Finance Corp., you would have to use its standard lease money factors. Its current 36 month base standard money factor is .00250 in the continental U.S. I believe that this is its base factor in Hawaii as well. I would be more than happy to calculate a sample lease payment on this truck for you, but in order for me to do so I need you to provide me with its full MSRP. Car_man Host Smart Shopper Message Board |
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I am glad that you found my post so helpful, eagwheels. .00146 is AHFC's base lease money factor for this vehicle with a waived security deposit. There is no opportunity to negotiate a lower factor than this because dealers are not allowed to lower bank's base money factors. Unlike money factors which can be marked up by dealers, banks' published residual values are set in stone and individual dealers do not have any authority to change them. You should focus your negotiations on getting the lowest selling price possible for this truck now that you know that you are getting an attractive money factor. I am not personally all that familiar with what Pilots are selling for right now, but you should be able to get a good idea of how much you should pay for this truck by looking up its Edmunds.com True Market Value in the New Vehicle Pricing section of this site any by stopping by the following discussion "Honda Pilot: Prices Paid & Buying Experience". Car_man Host Smart Shopper Message Board |
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Replying to: Car_man (Oct 20, 2004 9:18 am) We have a changed of story now. Old story: 94,510 MSRP Cap cost 89,510 Residual value: 55% Months: 42 Milage: 15,000 (he told me the calculation was for 12,000 instead of 15,000) New Story: 94,510 Cap cost 89,510 Residual Value: 53% Months: 42 Milage: 15,000 In fact to lease for 15,000 miles instead of 12,000 the residual value is 53% instead of 55% What do you think? Life is fun is in it! Viggie |
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Hi Carman, I'm considering leasing a leftover 2004 Saab 9-3 Linear or Arc this month. I will be needing 18K miles per year and will be leasing the car for 3 yrs. I've gone to one dealership and others are looking for a car. The dealership w/ a car like produced a payment that was a little high. The sticker price is 31,070 on the Linear and TMV is 29,478. What is the resale and money factor on the 04 9-3? Are they extremely high or shall I shop elsewhere? The 05 Linear I liked was $555/month w/only 12K miles and 0 down w/ a sticker of 30,620. The 04 Linear payments weren't far behind.
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Hello: I am trying to get in touch with Car Man or anyone who may have experience shipping a car from New York to California (or some reasonable equivalent). I am looking to ship my Audi A4 Across country and am looking for some recommendations for some reputable shipping companies. Also, I am considering trying to get someone to take over my lease. It is a three year lease, 15,000 each year, I am about 1 year into the lease, and the car only has $9000 miles on it. Does anyone have any experience getting someone to take over their Audi lease? Thank you.
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Replying to: mahiri (Oct 21, 2004 9:56 am) |
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Car-man: I have negotiated a price on an 05 Pilot EXL with MSRP of 32635 (including destination) of 30159. I need a 15k/yr lease and am buying in Texas, but live in Oklahoma. The dealership says their money factor is .00234 (which according to your previous posts appears to be AHF's standard money factor with no "incentives". They are quoting me a 62% residual and rolling in 2K that I am underwater on my husband's truck that we are trading in for a lease pymt (36 mo) of $484.06 w/o taxes and title included. What do you think? I have used lease calculator software and can't match his monthly price. If I use the purchase price x residual %, I calculate that the pymt would be 464. Calculating the PP + 2K added to lease x residual, I calculate my pymt to be $500. Any thoughts?
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Replying to: shellyd (Oct 21, 2004 12:34 pm) I think your calculator is faulty, or you are figuring the residual on the wrong number.. regards, kyfdx P.S. Your residual is multiplied times the MSRP.. Adding $2K only adds to the cap cost.. it doesn't change the residual.
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Replying to: Car_man (Sep 12, 2004 6:52 am) I am about to begin my research on the Acura MDX 2005 Touring nav/res now that my Ody 2005 Touring is out of the way. I imagine there is still no lease support for the 2005. Do you happen to know the residuals and base money factor for the mdx above for 36 months/15k miles and 36 months/39 months? Any helpful Acura sales people out there? Why isn't this information published? Would consumer reports have this information? I tried to use the leasing calculator on the Acura site and it said to contact a dealer  Thanks. |
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