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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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In that case, eegs2k, you may want to check out Subarus. While a number of its models are more expensive than they were in the past, you can still get a good AWD Subaru for a reasonable price. Car_man Host Smart Shopper Forum |
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Hi lycanthris. I would be more than happy to help you out. According to the latest informaiton that I have seen, if you were to lease a 2005 Honda Accord EX V6 w/o navi through American Honda Finance Corp. right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00118 and 62%, respectively. The money factor for an otherwise identical 3 year lease of this car should be the same, but the residual value would fall to 53%. These money factors are indeed special, they are less than half of AHFC's standard money factors which aren't that bad to begin with. Using these numbers, an MSRP of $27,200, and a selling price of $25,200, I estimate that this car has a 2 year, 15,000 miles per, zero down, pre-tax lease payment of around $397 and an otherwise identical 3 year payment of around $347. Car_man Host Smart Shopper Forum
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No problem, kbrown. Talk to you then. Car_man Host Smart Shopper Forum |
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I am glad that you have learned so much from this forum, sgsunny. I do not believe that Acura is currently running an owner loyalty program, other than the waiver of its security deposit requirement for returning lessees. Make sure to stop back and let us know how you like your new car. Car_man Host Smart Shopper Forum |
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You're welcome, rbarone. In order for me to calculate a lease payment on this truck for you, I need you to tell me its full MSRP including destination, its selling price, how long you want the lease to be for, and how many miles per year you need to be able to drive it. Car_man Host Smart Shopper Forum
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Here you go, Nick. If you were to lease a 2005 Audi A4 1.8T Cabriolet through Audi Financial Services right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00200 and 59%, respectively. Car_man Host Smart Shopper Forum |
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You are correct, Jeff. The advertisements that you have seen from independent banks, like Capital One, advertising low interest rates, such as 4%, are for conventional loans. Their lease rates would most likely be different. I am not personally familiar with leasewizard.com or leasecompare.com, but I personally doubt that they provide consumers with accurate information on what the actual lease programs from manufacturers' captive finance companies are like on vehicles. You would be better off saving your money and using the lease calculator that is available here at Edmunds.com and the information that you are able to get from this forum. Car_man Host Smart Shopper Forum |
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Hi dzuba. Let's work up a sample lease payment on a similar van to the one that you are considering and see what we come up with. The MSRP, including destination, of a 2005 Honda Odyssey EX w/ DVD and Nav is currently around $34,610. A selling price of $1,500 below this would be $33,110. Using these numbers, if you were to lease this van through American Honda Finance Corp. right now for 3 years with 15,000 miles per, its zero down, zero security deposit, pre-tax monthly payment would be around $510. As you can see, this payment is much lower than the one that you were quoted, so something definitely is not right. Perhaps the dealer that you are working with is marking-up AHFC's lease program to add additional back-end profit to your deal. I used a money factor of .00260 and a residual value of 57% to arrive at this payment. Car_man Host Smart Shopper Forum |
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Greetings satturngirl. You leased a Toyota Matrix for five and a half years?!? I didn't even think that most banks would lease a vehicle for that long. I am sorry to say that it is probably going to be very expensive for you to get out of your lease this early. In order to do so, you need to purchase your leased vehicle from the bank that you are leasing it through, at what often turns out to be a higher price than it is worth on the open market, and either sell it on your own or trade it in. To make matters even worse, many banks require their lessees to make all, or at least a significant portion, of their remaining payments on leased vehicles that they want to get out of early. As you can see, it often is very expensive to get out of leased vehicles early. It is almost always in consumers' best interest to wait until they are as close as possible to the scheduled end of their lease to get a new vehicle. I am sorry that I don't have better news for you. Car_man Host Smart Shopper Forum |
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Hello rbru. It is difficult for me to evaluate this lease without knowing this truck's full MSRP and selling price. If you provide me with these numbers, I will tell you exactly what I think of the price that you were quoted and will work a sample lease program on this model using Toyota's actual lease program that you can compare to the payment that you have already been quoted. Car_man Host Smart Shopper Forum |
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