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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: mtomeo1 (Oct 22, 2004 4:53 am) |
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Is there a really good article on all the in's and out's of a lease here on Edmunds? If so- please post a link.  TIA Deam
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Hi Carman, I'm about to sign papers for a 2005 Volvo XC90 T6 (thanks to you!)....The dealer is telling me the acquisition fee for NY is $995. This sounds crazy to me. Can he be marking this up? Is that legal? Does putting multiple deposits increase this fee? Also, is a $250 advertising fee on the dealer invoice a legit fee? Thanks again, Copper |
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Replying to: kyfdx (Oct 20, 2004 6:21 am) $699/mo.. $999 due at signing (1st pymt, $300 cap cost reduction) No security deposit 3yr/30K miles ======================= Thats probably the buy of the year ... **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.** You gotta be "real careful" with these .. the dealer might say it's fine, but it's the leasing company that will make the ultimate decision .. sometimes depending on the time of the year, the region and how many vehicles are coming down the chute they will just want the balance of payments (minus) the interest, plus the residual ~ no matter what the dealer says - they Always need to get this in writing from BMW/MB/Audi/Ford, etc ... I'm going thru this with an Audi customer as we speak .............  Terry. |
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Replying to: alphawolf (Oct 22, 2004 4:58 pm) |
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Hi, Is it possible to break the lease (I have 9 months left in my QX4 lease) without affecting my credit score? I hear these advertisements about large dealerships "paying off" the lease and finance their cars... Thanks much, K.
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Replying to: kray724 (Oct 22, 2004 9:50 pm) If your are just dropping the keys and walking away without paying the vehicle "off" ~ then it becomes a REPO and kills your credit .. there is little difference on a lease VS a purchase, one is a rental agreement and one is a ownership agreement, you still owe both .............. Terry. |
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Hi Car Man, I'm looking to lease a 2005 Acura TL, automatic, with navigation system. I live in CT, but am talking to a dealer in Westchester/Putnam NY. For a 36 month, 15K lease I was quoted $563 per month with $1874 due at signing. For 42 mo, 15K I was quoted $499 per month with $1776 due at signing. The dealer says he started at $1500 over invoice. MSRP is $34,900 and Edmunds has invoice at $31,800. Are the price quotes fair? Also I have two months left on my existing 2002 TL lease. What's the best strategy for rolling into a new lease before the old one expires? Thanks, in advance! |
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