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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
| Car_men, please tell me what are the numbers on ls430 12000-36month 2004 and 2005, I have a dealer selling me a 2004 "at invoice" so I want to see is it worth getting or not. | |
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Hey Car_man intested in leasing a 04 (if they still have it) or 05 BMW 325Ci Coupe. could you advise the money factors, residuals, and dealer cash (if any) for 36/39/42 months, 10/12k per year thx & keep up the good work |
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Hello mgobluejoe. You should be able to lease any 2004 Saab for invoice minus any available dealer cash incentives right now. I don't know the exact invoice price of the models that you are interested in, but you should be able to look them up in the New Vehicle Pricing section here at Edmunds.com. Let's assume for now that there is a spread of $1,500 between the MSRP and dealer invoice price of this car. This would mean that you should aim for a selling price of MSRP $31,070 minus the $1,500 dealer margin minus $3,500 dealer lease cash for an approximate capitalized cost of $26,070 on this 2004 Saab 9-3 Linear Sedan. If you were to lease this model through Saab Financial Services Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00074 and 44%, respectively. Using these numbers and the selling prices that I mentioned earlier, I estimate that this car would have a zero down, pre-tax monthly payment of right around $374. If the payment hat you were quoted is much higher than this, you need to do some more negotiating or to work with a more reasonable dealership. Car_man Host Smart Shopper Message Board |
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Hello mahiri. I have never personally shipped a car from the east coast to the west coast or vice versa, but I know someone who has. I'll e-mail them and see if I can get the name of a good shipping company for you. Please post a quick reminder in this discussion for me in a day or two and I will let you know what I have been able to find out. Talk to you soon. Car_man Host Smart Shopper Message Board
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Hi shellyd. Let's work up a sample lease payment on this truck for you and see what we come up with. According to my calculations, if you were to lease a 2005 Honda Pilot EXL with a full MSRP of $32,635 and a capitalized cost of $32,159 ($30,159 selling price + $2,000 in negative equity) through American Honda Finance Corp. this month for 3 years with 15,000 miles per, your zero down, pre-tax monthly lease payment should be right around $463 or so. Since the payment that you were quoted does not include taxes, it looks to be a little on the high side to me. Car_man Host Smart Shopper Message Board |
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Oops, you are absolutely correct, Viggie. Porsche Credit's 15,000 miles per year residual values are indeed 2% lower than its 12,000 miles per year residual values, so this change looks fine to me. The more miles per year one is allowed to drive, the lower its vehicle's residual value will be. Car_man Host Smart Shopper Message Board
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You are absolutely correct, slocko. I do not believe that Acura is providing any sort of lease support on the 2005 MDX at this time. As a result, if you were to lease one through American Honda Finance Corp. right now, you should have to use its standard lease money factors. Its current base standard lease money factor for 36 and 39 month leases should be .00245. I have not seen the residual values for the '05 MDX yet, but the factor is the most important number to know anyhow because banks' published residual values are set in stone and individual dealerships do not have any authority to change them. I am not aware of any source the makes the details of manufacturers' lease programs available to the general public. Consumers Reports definitely does not have this info. Car_man Host Smart Shopper Message Board
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Hi vincent1. SmartBuy is General Motors' brand name for its balloon note program. Most states calculate tax on balloon notes differently than they do on leased vehicles. Unfortunately, many states do charge tax on vehicles' entire selling prices for balloon notes, making the tax much higher than if one were to lease an identical vehicle. I am not personally familiar with New York's exact policy on the taxation of balloon notes, but you may be able to find out more information on this subject by visiting one of the following Web sites: New York State Department of Motor Vehicles Internet Office or New York State Division of Taxation and Finance. Car_man Host Smart Shopper Message Board |
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