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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: You helped me save money on a Lexus lease earlier this year. I'm considering a Chrysler 300C with $37070 MSRP. For 36 mos/12k mi, what's the latest money factor and residual value? Does DC offer the $1000 financial bonus on this model? Thanks. | |
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I have a problem and I'd really appreciate some help. I had a lease car, which was stolen a day ago. I moved to New York City, where I only drive the car once in a blue moon. So, I overlooked my insurance. It apparently expired a while ago. Now my car is stolen and I don't know what to do. I checked my documents and GAP insurance is already included in my lease. What will be my liability and what should I do. Thank you for your advice in advance.
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Hi drdog. Leasing may not be a bad idea if you lease a Honda and the charge per additional mile is less than or equal to the reimbursement that you receive from your employer. There is no limit to how high your excess mileage penalty will be. If you rack up a ton of miles, you definitely could end up owing thousands of dollars. You need to make sure that you are disciplined enough to put away the money that your employer gives you for driving so that you don't get caught having to pay a huge penalty out of your own pocket at lease-end. Car_man Host Smart Shopper Message Board |
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Hey g17. I looked into the matter for you and apparently Lexus' lease program for the 2005 IS 300 has not changed. The numbers that were available on it in October are now good through November 30th. Specifically, Lexus financial Services' 3 year, 15,000 miles per base lease money factor and residual value for a 2005 Lexus IS 300 with an automatic transmission should be .00128 and 53%, respectively. Using these numbers, an MSRP of $33,645 and a selling price of $30,100 I estimate that this car would have a zero down, pre-tax monthly payment of right around $402. The difference between LFS' 36 and 39 month residual values is bigger than it is for some other banks so you really don't save much, only a couple of dollars, by going with the 39 month term. Car_man Host Smart Shopper Message Board |
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I sure do, soccerpws, and I would be more than happy to help you out. If you were to lease a 2005 Honda Civic EX Sedan through American Honda Finance Corp. this month for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00148 and 55%, respectively. The numbers for an otherwise identical 39 month lease of this car should be .00148 and 52%. Car_man Host Smart Shopper Message Board |
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Hi there tdevane. As usual, Infiniti is not providing any sort of lease support on the G35 Coupe, which is a fantastic looking car by the way  . So if you were to lease one through Infiniti Financial Services at this time, you would have to use its standard lease money factor of .00215. Its 3 year, 15,000 miles per residual value for an '05 G35 Coupe is currently 60%. Using these numbers, an MSRP of $34,000, and a selling price of $32,000 I estimate that this car would have a zero down, pre-tax monthly payment of around $435. Car_man Host Smart Shopper Message Board |
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I sure can, jim53. I do not believe that Lexus is providing any sort of lease support on the 2005 RX 330 at this time, so if you were to lease one through Lexus Financial Services, you would have to use its standard lease program. I think that its standard money factors vary slightly, depending upon what part of the country one is in, however if you qualify for its very best credit tier you should expect a factor of right around .00195. If your credit is still in really good shape but you miss the cur for the highest tier, your factor should be around .00205. LFS' provides a slight discount in these factors for loyal customers. The last time that I saw the residual values for the 2005 RX 330 4WD without navigation or the rear entertainment system, they were 57% for 36 months and 54% for 39 month leases with 15,000 miles per year. Car_man Host Smart Shopper Message Board |
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I've heard, alex123, that Lexus just continued its October residual values over for now. If that is the case and you were to lease a 2005 LS 430 without navigation through Lexus Financial Services for 36 months with 12,000 miles per year, its residual value would be 59% and its 39 month residual value should be 56%. I've never seen residual values for a LFS lease with only 10,000 miles per year so it may not offer such a low mileage allowance. If it does, like most banks its 10,000 miles per year residual values are probably 1% higher than its 12,000 miles per resids. There is not currently any lease support on this car. For information on what LFS' standard lease money factors are like, see my previous post. Car_man Host Smart Shopper Message Board
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Hi avp2417. Let me begin by saying that the dealer that you are working with has to take whatever down payment amount that you decide to pay them. Consumers can lease any vehicle that they are interested in without making any sort of capitalized cost reduction, and it is in their best interest to do so. I say this 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 TL would be exactly the same, regardless of whether you had put $2,000 down, $1,000 down, or had made absolutely no down payment at all. Acura is not currently providing any sort of lease support on the 2005 TL. So if you were to lease one through American Honda Finance Corp. you would have to use its standard lease money factors. The current 39 month, 15,000 miles per year base lease money factor and residual value for an '05 TL without navigation should be .00245 and 56%, respectively. The only reason why this car's money factor would be higher is if you were going to have its security deposit requirement waived, or if your dealer is marking-up its factor to add additional back-end profit to your deal. Using the numbers that I just mentioned, an MSRP of $35,470, and a selling price of $34,720, I estimate that this car will have a zero down, pre-tax monthly payment of around $515. As you can see, this payment is WAY less than the payment that you were quoted, so something does not add up here. Since this is your first time leasing, you may want to check out the following helpful articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. They contain a lot of good information that will keep you from getting taken for a ride, so to speak, by dealers. Please let me know if you have any other questions. Car_man Host Smart Shopper Message Board |
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currently for a 36 month 12k lease what is the residual and MF for camry LE Altima S Also, are the dealers getting lease support. I have noticed really low lease deals with the Altima in particular. Even taking Cap cost reduction into account the deals are still good if you put that money back into the lease. (for example one dealer advertised 189/month with 999$ due at signing) Do you think between NOV and DEC these deals would change for the worse? my current camry goes out of lease in Jan (last payment in Dec) thanks! sandy |
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