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Lease Questions - Ask Here - READ ONLY

23872 messages,  Last post on Sep 20, 2005 at 8:08 AM

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What is this discussion about? Car Leasing


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#14120 of 23872
Re: Approval by the board [anonymousposts] by cheapowner
Oct 21, 2004 (9:25 pm)

Replying to: anonymousposts (Oct 20, 2004 1:58 pm)

So far I know Honda and Nissan require such form but not Toyota. What's the legal aspect behind it?
 
I just can't imagine a large corporation board officer has to approve every single fleet car they lease or purchase.
#14121 of 23872
2005 MB C230K Sport Sedan Is this a good deal? by hpoohh
Oct 21, 2004 (9:49 pm)
Trying to lease a 2005 MB C230K sedan
Black on Black
Automatic
Lighting Package
Entertainment Package
Sunroof Package
MSRP $34910
Lease Term
$2600 Drive Off
$329+tax per month for 39months 10k miles per year
 
Do you think i am getting a good deal? Can i do better? Seems like they are very aggressive on moving their inventory, even 2005 models. Do you think they will have a better leasing support in December.
#14122 of 23872
Re: Re: Re: residual and money factor [Car_man] by bpd196
Oct 22, 2004 (6:17 am)

Replying to: Car_man (Oct 21, 2004 3:43 am)

Thanks for all the help, just a few more questions. I live in NJ for tax purposes. I have a 2001 chrysler voyager with 2 months to go on the lease. I called my lease company for a payoff amount because I was going to sell it to a dealer. They said 7485 and that would include my last 2 payments. I then asked them how much if I bought the car and they quoted me 11,491. My question is why such a large difference and what if I told the company that I'm negotiating with now, I want to trade in my mini van 2001 with only 33,000 6cyl. What could I expect. I went on kbb and other dealers have my vehicle for sale between 11995 and 12995. If they are getting my car for 7485, how much can I expect in return, since they are going to sell it for between 12-13k
#14123 of 23872
'05 Altima Money Factors & Residuals by dannyp1
Oct 22, 2004 (6:34 am)
Car_Man,
I'm doing some research for the '05 Altima. Could you please provide the MF and residuals for a 36, 39, and 48 month lease, as well as any insight as to which term you think is the best deal. Also, are there any rebates with NMAC?
Thanks
#14124 of 23872
Lease Questions by mtomeo1
Oct 22, 2004 (4:53 am)
I'm smack dab in the middle of my lease on a 2003 325xi. I love the car and highly recommend it (it rocks in the snow!), but I'm researching my options for getting oput of my lease (long story). I'm sure I can get this info with a simple call to BMW, but I thought I would post here first.
 
1) What kind of penalty am I faced with if I simply end my lease today?
 
2) Is my lease assumable and are there any transfer or other fees?
 
3) My payoff is a few thousand higher than Bluebook. Do I have any other options beside selling the car to a private party?
 
Thanks in advance!!!
#14125 of 23872
Lease-BY-Tel by frank10
Oct 22, 2004 (7:14 am)
Any experience with Lease-By-Tel as advertised in the Wall Street Journal?
#14126 of 23872
Re: Lease Questions [mtomeo1] by kyfdx HOST
Oct 22, 2004 (7:21 am)

Replying to: mtomeo1 (Oct 22, 2004 4:53 am)

Not the expert..just butting in, as usual..
 
1) You will owe the rest of your payments, then they will send your car to auction, and you will also owe any deficiency between residual and actual sale.. This could cost you thousands and thousands.. You would be better off selling it yourself and paying the difference.
 
2) Yes.. If you find a buyer, they can assume your lease from BMWFS for a transfer fee (somewhere around $500). BMWFS will then release you from liability (some banks won't do that). Assuming they qualify.
 
3) Your other option is to trade your car in.. But, you will owe the difference between what the dealer gives you and your payoff.
 
regards,
kyfdx
#14127 of 23872
Re: Saab 9-3 [mgobluejoe] by upndwn
Oct 22, 2004 (8:27 am)

Replying to: mgobluejoe (Oct 21, 2004 8:33 am)

mgobluejoe - RUN AWAY FROM THAT DEALER. DO NOT EVEN LET THEM COMPETE FOR YOUR BUSINESS!
 
See post #13831. They are holding out on $4,000 of lease cash!!!
 
In mid-September, I was offered a Saab 9-3 Aero w/ MSRP ~$36,000 for a cap cost of only a little more than $29,000. Money factors are more favorable to consumers and lease cash has increased, now that it is October. My 36/15000 quote was ~$400/mos (before state sales tax) with $1,000 due at signing!
 
There is no way that the reduced residual value attributable to the additional annual mileage would tilt the deal any where near your quote.
#14128 of 23872
Re: 2005 Mountaineer MF and Residuals [Car_man] by infinitimn
Oct 22, 2004 (12:58 pm)

Replying to: Car_man (Oct 08, 2004 10:07 am)

Thanks for the help. I was able to lease this Mountaineer Premier truck for 36 months/10,500 miles with a price of invoice less $2000 lease cash, $500 returning Mercury lessee bonus, $750 Ford Finance cash, and another $550 dealer discount, for a cap cost of about $30475, compared to sticker of $37550. Lease was at 0.75% and 51% residual. It took getting two dealers negotiating against each other. Including the bank fee, my payment is $359.
#14129 of 23872
Re: 2005 Passat GLX lease [Car_man] by jpm
Oct 22, 2004 (1:16 pm)

Replying to: Car_man (Oct 21, 2004 3:29 am)

Car_man,
 
Thanks for the reply. I am dealing with several dealers via the internet, however, no one will give me a price other than MSRP. Can you recommend a "ball park" price I should be using.
 
Thanks,
 
JP

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