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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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Replying to: copper (Nov 03, 2004 11:33 am) The salesperson broke it down like this: 453.00 first payment 813.86 (NJ tax) 334.50 "motor vehicle fees incld. registration for next 31/2 years) 125.00 title fee 895.00 bank fee (which includes gap insurance) went through Chase because of the free versatility package and they are currently waiving security deposit. |
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| Does NJ require tax on their leases? Something in the back of my head tells me I didn't pay tax when I leased an Audi in '01 in central NJ....could be wrong, though. | |
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I am planning on getting a Honda CRV for a field service job. I will be driving anywhere from 25k-50k miles per year. I will receive an allowance which will cover the lease payment and insurance. I also get mileage which will cover gas & maint. I only want to drive a vehicle for 3 years Should I buy with a very high payment or lease for 36m 20k miles/yr and stock money away for lease turn-in? I will have more than enough to cover excess mileage charges. Can I get hit with $5000 for excess wear? The MSRP on the vehicle is around $24K
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Hi charlie1volley. If you enjoy driving your truck and can purchase it for less money than it is currently worth on the open market, then you may want to consider purchasing it from the bank that you are leasing it through at this time. In addition to the excellent sources that you have already checked to see what your truck is currently worth, you also may want to stop by the following discussion that appears here in the Smart Shopper forum: "Real-World Trade-In Values" . One of our most knowledgeable community members, Terry, hangs out in that section of this site and he is often kind enough to give community members his opinion of their vehicles' current value. Just make sure to post a detailed description of your Tundra, including its trim level, color, miles, options, condition, and your location. Car_man Host Smart Shopper Message Board
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Hi again, kally. Infiniti Financial Services' residual values for the 2005 Infiniti G35 Sedan are currently slightly higher, one percent, than its residual values for the 2004 model. All things being equal, namely selling price and money factor, the higher a vehicle's residual value is, the lower its lease payment will be. All things are not equal with the '05 and '04 versions of this car though. The 2004 currently model has lower money factors and you will probably be able to negotiate a lower selling price on a leftover '04 than you will be able to on an '05 at this time. If I had to make an educated guess, I would say that you will probably be able to lease an '04 G35 AWD for less than you would be able to lease an '05 model for at this time, but you might as well get payment quotes on both to find out for certain. As far as your current car goes, you are better off selling it on your own or trading it in and having this dealer cut you a check for it rather than using the proceeds from it as a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for this G35 would be exactly the same, regardless of whether you had used the proceeds from your trade as a down payment, or had made absolutely no down payment at all. Car_man Host Smart Shopper Message Board |
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Hey siemon321. Honda's lease program for the 2005 Civic has changed for the month of November. If you were to lease a 2005 Honda Civic LX Sedan or EX Sedan through American Honda Finance Corp. this month for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00148 and 58%. The numbers for an otherwise identical 3 year lease should be .00148 and 53%. Car_man Host Smart Shopper Message Board
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You're very welcome, sergkn. Infiniti has a brand new November lease program out now so any payments that you worked up based upon its October program may no longer be valid. Car_man Host Smart Shopper Message Board |
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Greetings kzybulew. The lease program that this dealer is using to calculate the payment on this XC90 is average, but nothing special. The selling price that you were quoted is reasonable though. Volvo just introduced a new lease program for this model for the month of November. Before pulling the trigger on this offer, you may want to see is Volvo Finance's new program better than the one that your dealer is currently using. I should be able to give you an idea of what it it like if you check back with me in a few days. One thing that I noticed about your deal is that the amount due at lease signing is a little on the high side. Typically consumers who are not making any sort of capitalized cost reduction have to pay their vehicle's first month's payment, a security deposit that is equivalent to that payment rounded up to the nearest $25 or $50 increment, and an acquisition fee of around $500 to $600 at signing. All of this would add up to around $1,500 to $1,600 on your deal. Are you paying any sort of taxes at lease signing? Perhaps this is why your amount due is higher. Car_man Host Smart Shopper Message Board
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Hey Car_man... just wanted to see if you got a look at the new residual values for Lexus yet...below was my original post: Looking at a '05 Lexus IS 300 E-shift; Options are Lthr & Alcan Pkg, Htd seats, Spoiler, Skid Control.....Total MSRP is 33645, lets say we can get it for 30100. Can you give me the resid. and money factor for 36 mo. 15k/yr. Assume $0 down, tax in NJ is 6% can you give me an idea what the monthly would be? If there are better combos like 39 months let me know. I told my wife we can't do anything until we hear from you!! You've been very helpful in the past. Thanks again! |
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I am glad to hear that everything worked out well with your father's Buick Rendezvous lease, desgnconcpts. Even though the customer cash incentive on the 2005 Mercury Mariner was recently enhanced to $2,000, the lease cash on this vehicle is still only $1,000. I am not intimately familiar with what the market for this model is like in your area at this time, but if I had to make an educated guess, I would say that after taking the lease cash into account you should be able to lease one for right around invoice to perhaps $500 or so under. Let's work up a sample lease payment on this vehicle for you and see what we come up with. According to my calculations, if your mother was to lease a 2005 Mercury Mariner Luxury 4WD with an MSRP of $28,460 and a capitalized cost of $26,764 (invoice) through Ford Credit this month for 3 years with 12,000 miles per, her zero down, pre-tax monthly payment should be right around $412. I arrived at this payment using a lease rate of 6.25% and a residual value of 56%. Car_man Host Smart Shopper Message Board |
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