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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: Car_man (Nov 07, 2004 5:16 am) Does navigation makes the difference? |
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The answer that your salesperson gave you about running the lease of the XC90 that you are interested in through Chase instead of Volvo Finance makes sense to me. I do not believe that the free Versatility Package offer can be used on vehicles that are leased through Volvo Finance. In the Northeastern U.S. this month Volvo is providing an additional $1,000 on AWD XC90 models that was not available last month. Make sure that your salesperson takes this additional incentive into account on your deal. A lease acquisition fee of $895 is a little on the high side. It's definitely higher than the $595 that Volvo Finance Charges. I am not sure exactly what sort of acquisition fee Chase charges, but some banks do actually have fees that are this high. I am not personally all that familiar with what XC90s are selling for in your neck of the woods right now, but you may be able to get some feedback on pricing for this vehicle by visiting the following discussion: "Volvo XC90: Prices Paid & Buying Experience". New Jersey definitely does charge tax on leased vehicles. I believe that it bases its sales tax on leased vehicles on the depreciation portion of your lease. You may be able to find out more informaiton on the taxation of leases in New Jersey by visiting one of the following sites: New Jersey Motor Vehicle Commission or New Jersey Taxation. Car_man Host Smart Shopper Message Board |
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Alex123, the money factors for an LS 430 equipped with navigation would be exactly the same, but its residual value for this term would be 1% lower for models with nav. Car_man Host Smart Shopper Message Board |
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Hi 350z. It sounds to me as though the dealer that you are working with found a bank that has a more attractive lease program for this car than the one that you originally were going to lease it through. This would enable them to charge you $1,000 more for the car and still arrive at the same payment. If I was in your situation, I would agree to sign the new lease agreement, only if they agree to honor the selling price that you were promised. Doing so should lower this car's lease payment. If they are not willing to do so, since they supposedly have never turned in your original lease agreement you probably just can give them the car back and walk away. The only catch to doing so would be if you gave them any sort of money at lease signing. They probably would give you a hard time about giving this money back if you tried to back out of your deal. I believe that there is an ample supply of 350Zs out there, so if this deal falls through, you shouldn't have any trouble finding another one. On an interesting side note, Nissan must be having a tough time unloading the leftover 2004 350Zs because it actually introduced support on this model for the first time ever this month. It is currently offering 2% financing for up to 5 years on '04 350Zs. If you are not completely set on leasing this car, you may want to consider financing an '04. Car_man Host Smart Shopper Message Board |
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You're welcome, charlie1volley. Car_man Host Smart Shopper Message Board |
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Greetings areaone. The dealership that you turn your leased Pathfinder in at will have the option to purchase it from Nissan Motor Acceptance Corp. at a specific price. It definitely will not get this car for free. If the dealer decides not to purchase your off-lease truck, NMAC will take it back and either offer it to other dealers through some sort of internal Web site or send it to auction. Car_man Host Smart Shopper Message Board |
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Hey slocko. Consumers can and often do roll most of the expenses that are associated with leasing a vehicle into its capitalized cost. I see consumers roll vehicles' acquisition fees and taxes into their car or truck's payment all the time. It is true that you will have to pay interest on any charges that you add to your vehicle's capitalized cost, but it is also true that if you have gap insurance you won't just be out any of these charges if your vehicle is totaled in an accident or stolen and never recovered. If you don't feel like cutting a big check at lease signing, there's nothing wrong with adding charges to your vehicle's cap cost, just as long as you understand the positives and negatives that are associated with doing so. The only fee that I wouldn't try to get out of paying is your vehicle's security deposit. Banks will usually offer to waive their security deposit requirement in exchange for a slight increase in the money factor that is used to calculate your lease payment. Why pay more per month to lease the car or truck that you want when you will get your security deposit back at lease-end anyhow? Car_man Host Smart Shopper Message Board |
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I'd be happy to take a look at the lease that you were quoted, islongisland. However, in order for me to work up a sample lease payment on this vehicle to compare to the one that you were quoted, I need to know its selling price. This is a very 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. You wouldn't just walk in and buy the car or truck that you want without asking how much they are charging for it would you  . Also, as I just mentioned this number is necessary to calculate this model's lease payment. Try to find out what selling price you are being charged and compare it to the Edmunds.com True Market Value for the Murano that can be found in the following section of this site to see if you are being given a fair price: Edmunds.com New Vehicle Pricing. You may also want to stop by the following discussion to see if any community members can give you any valuable feedback on what the market is currently like for this vehicle: "Nissan Murano: Prices Paid & Buying Experience". Once you know what the selling price of this vehicle is, let me know and I will tell you what I think of the lease payment that you were quoted. Car_man Host Smart Shopper Message Board
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Here you go, alex123. According to the latest information that I have seen, if you were to lease a 2005 Mercedes-Benz CLK320 Coupe through Mercedes-Benz Credit Corp. for 36 months with 12,000 miles per year, its base lease money factor and residual value would be .00295 and 62%, respectively if you qualify for its top credit tier. Mercedes-Benz is running a special promotion this quarter that allows the use of its 36 month money factors and residual values for 39 month leases. If you want to lease this car through MBCC, this is definitely the way to go because it will lower your monthly payment. The 10,000 miles per year residual values for this vehicle would be 1% higher than its 12,000 miles per year residuals. Car_man Host Smart Shopper Message Board
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Hello siemon321. The lease money factor and residual value that you were quoted are right now the money. Let's work up a sample lease payment on this car that we can compare to the one that you were quoted. According to my calculations, if you were to lease a 2005 Honda Civic LX Sedan with a full MSRP of $16,825 and a selling price of $15,623 through American Honda Finance Corp. this month for 3 years with 15,000 miles per, your zero down, pre-tax monthly payment should be aright around $223. That payment assumes that you were going to pay a security deposit. If you want to have this car's security deposit waived, it would increase the payment to around $225 or so. If you were then to add the lease acquisition fee into the capitalized cost of this car, it would increase the payment to around $243. As you can see, that is right around the number that they quoted you, so their calculations look good to me. The only thing that you have to think about is this car's selling price. Look up its Edmunds.com True Market Value in the Edmunds.com New Vehicle Pricing section of this site and stop by the following discussion, "Honda Civic: Prices Paid & Buying Experience" to see if the price that you are being charged is reasonable. Car_man Host Smart Shopper Message Board
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