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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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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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Replying to: infinitimn (Oct 08, 2004 1:39 pm) With your help I was able to get a very good deal for my Dad on his 2005 Rendezvous (and just in time because after 11/1, the incentives were reduced)! My Mom is looking at the 2005 Mercury Mariner 4WD and I want her to consider a lease as well. I see that Ford has just raised incentive from $1K to $2K on their Red Carpet Lease. She would not get the add'l $500 because this would be a new lease. The model she's looking at is $28,460 MSRP with an Invoice of $26,764. Edmunds doesn't yet list a TMV price (new vehicle?) but since incentives were raised, I'm assuming I could strike a good deal of $500 or so over invoice. Can you provide me with sample lease amount for 36mos 36K miles, no money down. I'd like to include the 7.75% county tax (Suburban Cook County, in IL) because I've followed your recommendation of putting NO money into the lease -- and the lease rate or money factor and residual %'s that Ford would be using. This way I can calculate a lease for different option sets. Thank you! |
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Replying to: sebring95 (Nov 03, 2004 8:16 am) Your absolutely right.! .. but it's usually because they didn't put enough money down to even cover half of their taxes, let alone the other $22,000 they financed and most will go LTF (Long Term Financing - 60/66/72 months+) then they want to trade in 28 months and that ain't happening, unless there is some big cash or some big payments .. of course we can always blame the dealer or the alignment with Mars in the latter portion of the equinox or they had a bad childhood, pick your poison .. "excuses always exceed reasons" ...........  Terry. |
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