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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
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Replying to: Car_man (Nov 01, 2004 4:35 am) |
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| my lease expires in july, and i am considering purchasing the car at that time, but the residual value on the lease will be way above what the car is worth at that time. is the purchase price (residual value) negotiable with the bank? | |
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Although I've already inquired about Toyota's Leasing program in the Southeast (I'm in S. Florida) and you were unable to give me any information (since their program differs from other areas)- I would like to know if an acquisition fee of $595 sounds high? I read your previous answers where you said that the acquisition fees can possibly be marked up by dealerships- is there anyway of knowing this for sure other than speaking with the leasing company and asking what their STANDARD acquisition fees are? I'm looking into leasing the '05 Camry Solara. Thanks! |
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| I am currently leasing a 2003 Ford Explorer and I need to get out of it. If I'm doing my calculations correctly and I return the lease right now, I should be getting money back. Is this correct? I got my balance from Ford and subtracted that number from the amount from Kelley Blue Book and it was a negative amount. What's the best way of doing this? Also I purchased the wear/tear option. This should cover any slight scrapes on my Explorer even if I end the lease early, right? Also my mileage is way under (18,000 miles for 19 months). | |
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Replying to: Car_man (Nov 01, 2004 4:57 am) |
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Replying to: Car_man (Nov 01, 2004 10:49 am) |
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Hi Car Man. Thanks in advance for your advise. I'm a Mr. Mom operating a very small (just me) consulting LLC. I use our 2000 Honda Odyssey minivan to visit clients about 25% of the time while personal use makes up the difference. My wife, the money maker of the family, drives a 2001 Honda Civic to and from work every day. Annual mileage on each car is less than 10k. Now the question...would it benefit me to sell the minivan and lease a new Volvo XC70 or purchase it outright without getting my LLC involved? Again, thanks. |
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......... Oooh, you and that refresh button must be having a love affair .... Anyway .... these are wonderful vehicles, but it seems your trying to lease a pre-owned A8L .. not only is it pre-owned, but it's a high-mileage pre-owned A8 ... $59,900.? too much, $58 would be the "end of the World" for 18k - plus the rate and the residual is already spent .... If leasing is your gig, then you need to be looking at a new one, and $6,000 down is c-r-a-z-y .. no matter what you lease, whether it's be a Cavalier or a SL500, you need to keep the money to a minimum - all it does is lower your payment, nothing else .. so if the vehicle gets stolen, wrecked, damaged, traded, sold, then you will see -0- out of your $6,000 .. actually, less than -0-... I'm sure Car_Man can give you an idea on the "new" figures ....... Terry. |
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Sounds good, talk to you soon, g17. I don't have last month's program in front of me now but I will try to look it up for you. Car_man Host Smart Shopper Message Board |
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You're very welcome, sergkn. Doc fees are really nothing more than a way for dealers to add additional profit to deals. Most dealers charge some sort of doc fee, but some dealers' fees are several hundred dollars worth of fluff. Rather than looking at your deal with all of the fees broken out separately, focus on the total price of the vehicle that you are getting. If this vehicle's total price, including every fee, is equivalent to or less than the total price that you would have to pay for it elsewhere then go for it. Afterall, it doesn't really matter how the price is broken down if you are able to pay less to drive off in the vehicle that you want at this dealer than you would have to pay at other dealers in your area. Car_man Host Smart Shopper Message Board |
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