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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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Welcome to the wonderful world of leasing, cmgonline. Since you are new to leasing, you definitely should check out the following informative articles that are available on this subject here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. They will give you a very good grasp of how leasing works. You never mentioned in your post whether this A8 is a "new" demo vehicle or a used one. If it is still technically considered to be a new car, I would be more than happy to work up a sample lease payment on it using Audi Financial Services' lease program for you. However, in order for me to do so, I need you to tell me its full MSRP and how many miles per year you need to be able to drive it. This is an important number for you as a consumer to know anyhow because the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the full MSRP of the car that you want to lease it is difficult to tell what sort of a discount you are getting on it. Also, keep in mind that it is never in one's best interest to make a substantial down payment when leasing. Car_man Host Smart Shopper Message Board |
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You're welcome, Tony. It certainly sounds like you picked a good dealer that was very straightforward with you. Congratulations on your new ride and enjoy! Car_man Host Smart Shopper Message Board |
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No problem, kally. It is difficult to say what Infiniti's November lease program will be like on this car. There is a very good chance that its November residual values will be lower, the only question it whether Infiniti will lower its money factors enough to keep its payment at the same level. Car_man Host Smart Shopper Message Board |
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Greetings tk911. Some banks are indeed willing to negotiate the lease-end purchase prices of vehicles from time to time. In order to find out if the bank that you are currently leasing your car or truck through will be willing to do so you need to give them a call a month or so before the scheduled end of your lease. Your initial contact there may not be willing to negotiate with you, but you may be able to get results by working your way up the corporate ladder a rung. During your negotiations, give the bank the impression that you are going to be right at your vehicle's mileage limit at the end of your lease. If you are way under, they may want your car back and if you are way over they may want to collect the excess mileage penalty that you would have to pay them. There certainly is no guarantee that they will be willing to work with you, in fact more often than not banks won't, but you don't have anything to lose by asking. Car_man Host Smart Shopper Message Board
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Hi again enya18. I know that SE Toyota Finance charges a lease disposition fee of $350 on vehicles, but I am not sure exactly how much its acquisition fee is. I believe that Toyota Financial Services' base acquisition fee is currently $400. It would not surprise me in the least if SE Toyota Finance's fee was higher than that. Many many banks' acquisition fees are now in the $600 range, so unfortunately a fee of $595 is not that far out of line with industry norms. Car_man Host Smart Shopper Message Board |
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Hello explorer025. It is VERY unlikely that you will get money back if you try to get out of a leased vehicle well before the scheduled end of your contract. When you stated that you got your balance from Ford do you mean that you were quoted the price that you would have to pay to purchase your leased Explorer at this time or just the total of your remaining lease payments on it? In order to get out of a lease well before its scheduled end, one has to purchase the vehicle that they are leasing and trade it in or sell it on their own. Not only do consumers have to pay their vehicle's purchase price, which more often than not is higher than its actual market value at the time, but many banks require their lessees to make all of their remaining lease payments in addition to paying the purchase price. As you can imagine, it often turns out to be very expensive to get out of a lease early. Car_man Host Smart Shopper Message Board
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You're welcome, soccerpws. Talk to you soon. Car_man Host Smart Shopper Message Board |
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You're welcome in advance, Mr. Mom  . Volvo often has a very attractive lease program on the XC70. I have not seen what its new November lease program is like, but should be able to tell you about it if you check back with me in a few days. I am not an accountant so it is difficult for me to tell you whether you would be better off from a tax standpoint purchasing or leasing your new Volvo. Your best bet would be to ask your account about your specific situation prior to making a decision. Car_man Host Smart Shopper Message Board |
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Dear Car Experts: Four years ago when I originally leased my camry from the local toyota dealer here in kendall, miami, I was promised many things that were not true. Now that my lease ends next week, I am concerned about being charged extra fees or some hidden costs besides the disposition fee, I am going to be 1,000 miles under the limit and the car is in good condition, any advice on how to protect myself from SE Toyota and their dealer trying to squeeze more money yet from me after they charged me 13% on a 4 year lease? |
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Replying to: Car_man (Nov 02, 2004 4:50 am)
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