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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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Jeff, Honda's current lease program is scheduled to run through February 28th. If you lease either of these models after this date, you would have to use a different lease program. Check back with me during the month that you plan on leasing and I will be more than happy to fill you in on the lease program that is available at that time. There's nothing wrong with getting a new vehicle during the summer, but you may want to lean towards getting your new car and truck at the end of the month when dealers often seem a little more willing to deal. A vehicle's lease money factor is indeed used to determine the interest portion of lease payments. You can convert a money factor into an approximate interest rate equivelent by multiplying it by 2400. One can not negotiate a vehicle's money factor in that dealers do not have the authority to use a lower money factor than the one that a bank publishes to calculate a vehicle's lease payment. Dealers can often mark-up vehicle's money factors to add additional back-end profit to deals though, so it pays to know what a bank's published money factors are. Banks will not provide this information directly to the general public, but I should be able to give you an idea of what the lease program is like on a vehicle at any given time if you ask me. Car_man Host Smart Shopper Forum |
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| Hi Carman, I have an offer to lease an 04 G35 AWD Sedan w/Premium Pkg for $497(incl. tax) per month with only $500 total out of pocket at inception, with 18k miles per year and they will pay the $2400 I still owe on my 02 Pathfinder. Is this a good deal or would I be able to get a similar deal in 6 months on an 05 when I turn in my pathfinder? I guess what I'm trying to determine is if this deal is outstanding or is it something I will be able to match in 6 months... | |
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Replying to: Car_man (Jan 12, 2005 4:18 am) Thanks for your prompt response. Actually I didn't find out till 7 days later and I have since gotten insurance. So it's in the past but should I tell the dealer. If so, for what reason since it's in the past? Thanks a lot Car-Man, 19. |
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Replying to: Car_man (Jan 17, 2005 5:31 am) Can you tell me if Toyota/Lexus use the same money factors for their vehicles? Or is Toyota/Lexus running some kind of lease incentive program for their Avalon or any of the Lexus vehicles? I guess I am looking for any differences between the GM lease program for the 300C and the Toyota/Lexus program on the Avalon or any Lexus vehicle. I hope I gave you enough information to work with. You really are a great help. |
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Hi Car man, Here's one for ya.....Are there any deals out there right now that are just really great on leases? I am looking at getting into something I can fit a family of 4 plus 2 dogs into with AWD or 4wd preferred. Any great deals on wagons, utes, or MVs? I am in PA. Thanks
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Replying to: eegs2k (Jan 17, 2005 10:13 am) regards, kyfdx
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Hi kbrown. It is difficult for me to tell you how good a deal you were quoted without knowing the full MSRP and selling price of the vehicle that you are considering. Remember that the selling prices of used vehicles can be negotiated, just as if you were paying cash. Without knowing what the selling price of this car is, in relation to its full MSRP, it is difficult to tell how much of a discount you are being given. Furthermore, I need the full MSRP, including destination charges, and selling price of this car to calculate a lease payment on it. I would be more than happy to work up a payment on this car for you using Infiniti's actual lease program and give you my opinion of this offer if you let me know these numbers. To be honest with you, there is nothing special about Infiniti's lease program on this car right now. You certainly would be much better off waiting until you are closer to the scheduled end of your Pathfinder lease before leasing a new vehicle. Car_man Host Smart Shopper Forum |
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Replying to: kyfdx (Jan 17, 2005 10:16 am) Thanks for the info though. |
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You're welcome, llil19. I don't see any reason to tell anyone that you were without insurance for several days on this car as long as you have insurance on it now. No one will probably even care. In the unlikely event that they do, you are causing unnecessary problems for yourself when they probably would have never known the difference. Car_man Host Smart Shopper Forum |
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Prince812, Lexus Financial Services' and Toyota Financial Services' standard lease money factors are usually very similar, but the special lease money factors that Toyota provides on a number of Lexus and Toyota models vary from model to model, from month to month, and sometimes even from region to region. There is currently a decent amount of lease support on several Lexus cars, including the ES 330, GS 300, GS 430, and IS 300. Toyota is no longer providing lease support on any 2004 models, including the Avalon. The lease program on several Lexus cars is currently more attractive than DaimlerChrysler's lease program on the 300C. Car_man Host Smart Shopper Forum |
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