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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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Hi gold233790. Audi's October lease program is scheduled to run through today, November 3rd, and Infiniti's October lease program just expired. I have not had an opportunity to see their new November programs yet, but would be more than happy to try to give you an idea of what they are like if you check back with me in a few days. Post a quick reminder for me then and I'll let you know what I have been able to find out for you. Talk to you soon. Car_man Host Smart Shopper Message Board |
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Congratulations on your new car, dprosa. It sounds like you did very well. Enjoy your new ride. Car_man Host Smart Shopper Message Board |
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Car_man, It's me again. The MSRP on the 2005 doesn't seem to be that much different from the 2004. Am I to assume that the residual would be higher on the 2005 and therefore alter the payment or am I way off base? In your opinion should I go for the 2004 or should I wait to see what the 2005 numbers look like? Also, I have a 2001 Jetta with 29,000 miles on it that I will be selling/trading. In your opinion should I trade it in against the lease or sell it as a separate transaction? My first instinct is to sell it. KBB says its worth around $10,000 and I only owe $6,000. Thanks again! |
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Car_man, Do you have any idea if the money factors on the 2005 Civic (LX or EX) have changed now that we're into November? Anything else changed with the new month? I'm looking at a 24 or 36 month lease. Thanks. |
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Replying to: rroyce10 (Nov 02, 2004 6:39 pm) Hi Terry. While that's true, someone upside down on a loan/lease is going to be in a much less favorable bargaining position. There's a reason someone is upside down on a loan and rolling the balance onto another vehicle; they don't have any money! Someone in this situation and shopping for a payment is going to have limited options and the dealer will sniff that out right away. And the sales agreement will be really fun to decipher when it's getting rolled into a lease. This is why you see Camrys leased for 60 payments of $400.
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Replying to: Car_man (Nov 02, 2004 4:39 am) |
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Replying to: Car_man (Nov 03, 2004 4:40 am) I was almost ready to agree but they came up with new numbers. "...........I would be able to offer you a 2004 Infiniti FX35 with Touring, Sport and Technology package. A 42/month lease with 12,000/miles a year at a monthly payment of $516 plus tax. Money Factor .00163 Residual 55% / $25,047.00........." I answered that my numbers then should be around $485 plus tax. Or may be they meant 39/month lease then it should be around $513 plus tax. Any idea why MF went down? Thanks. |
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Hi Car_Man, I tried to be very thorough with the information I provided, sorry if it's overkill... Could you please take a look at this lease and tell me your opinion. I live in Northern NJ and the bank is Chase Manhattan Auto. Assuming Tier 1 pricing due to Fico close to 800. 2005 XC90 2.5T AWD Premium Package, Climate Package, Versatility Package, Metallic Paint Price: 39242.90 Term: 42 Rate: .00200 MSRP: 43470.00 Residual: .57 (Residual on shorter term was .58 or .60...) No trade in or payoff Millage allowance: 12000 (should be sufficient) No cap cost reduction (as per your usual advice) - inital payment 2621.36 Residual: 25678.50 Monthly payment: 453.00 The price was presented by the salesperson as part of the lease work-up, I have not attempted to negotiate the price yet. As per the Edmunds TMV the price is about $750 over invoice accounting for free versatility package. If anyone has thoughts about the price please post that too.
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Replying to: kzybulew (Nov 03, 2004 11:06 am) Also, why are you going through Chase? Volvo Financial has better rates. Unless you can't get a free Versatilty package going through Volvo Financial. Copper
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