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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 (Jan 19, 2005 5:01 am) |
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car_man - thanks a million for all your advice. I will be in touch in a few months when I am ready to lease our two new hondas! Jeff |
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I have been quoted a monthly payment of $365 for 12K miles/39 months by the dealer using an interest rate of %3.5 (he claims). Residual price is $17,235. The down payment is $2000. Can you tell me if this sounds like a fair deal. I think I did pretty well on negotiating the purchase price in terms of a buy but I am not sure about the lease deal and would really appreciate you thoughts. We would like to purchase soon. Thanks so much! The vehicle is Pacifica AWD Touring with U package, moonroof, tire pressure monitor, and heated seat group. The price breakdown follows Base Price $30,925 U Pkg. $2,280 Options $965 Accessories $0 Destination $680 ----------------------- MSRP $34,850 * Dealer Price $31,761 tax $953 doc fee $389 tag $62 ----------------------- total $33,165 ----------------------- rebates $3000 cash down $2000 ----------------------- purchase price $28,165 |
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BMW 525i 2004 I was advised this auto has a lease/residual of 63%. The MSRP is $49050. I negotiated a price of $45960. Less a CAP of $3,000. Adjusted CAP cost $42960. Residual value: $31,372. 36 months at $518.09 plus tax $31.09. Question: Does the RESIDUAL always come off MSRP? Thanks for your service. |
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Replying to: Car_man (Jan 16, 2005 6:13 am) Thank you so much for your help! I have a few additional questions for you though.... 1. Do you know when the $700 VW cash incentive on leases of the GLS 2.0L Sedan is valid until? Possibly, Feb 28th like the other incentives? Later is better for me at this time, because my current lease expires March 19th. So, I am hoping February. 2. I have the following information that you supplied me with and now I want to make sure I calculated my proposed lease payment correctly, could you please review and tell me if this is correct? Jetta GLS 2.0 Sedan - 36 months - 15,000 miles per year MSRP - $22,220 Invoice Price - $20.384. I want to offer $500 over invoice, but then subtract the $700 incentive . So, the price I plan to pay is $20,184. residual - 52% money factor - .00004 tax rate State of Florida - 6% I come up with pre-tax rate of $240 per month and with tax $254.40 per month. Are my calculations correct? Am I missing anything? 3. Last question. I noticed that VW is offering between now and 2/28/05 a $500 cash back loyalty incentive to all current VW owners or lease holders, which I am. In my negotiation. Would I take that $500 from the price of the car, or how do the cash back deals work? VW just sends me a check for $500 after I make the deal? Any suggestions? Thanks Again! Gina |
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You're very welcome, lycanthris. Car_man Host Smart Shopper Forum |
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No problem, Jeff. I'll talk to you then. Car_man Host Smart Shopper Forum |
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Replying to: Car_man (Jan 19, 2005 4:58 am) Are these MF's and residuals valid for the S4 as well? If not, I'm interested in knowing for 36/39/48 months, 1K miles per mo., what the MF and residuals (through AFS) are for the 2005 S4-auto. Thanks a lot. |
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Sale price of $32000 1. Is the sales tax - say 6.25% of 32000 = $2000, figured out such as: $2000 divided by 36 months (3 year lease) = $55 per month? 2. I know "everything in negotiable" - but are residual values as well? |
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Hi salamon. Let's work up a sample lease payment on this vehicle for you using the information that you provided in your post so that you can compare it to the one that you were quoted. According to my calculations, if you were to lease a 2005 Chrysler Pacifica Touring AWD with an MSRP of $34,850 and a capitalized cost of $28,165 through Chrysler Financial right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be right around $360. The payment that you were quoted is pretty close to this. My main advice to you would be to not make any sort of down payment when leasing this vehicle. Doing so puts this money at risk if your vehicle is a total loss for insurance purposes and does nothing to reduce its lease-end purchase price. If you were to lease this vehicle with zero down, its monthly payment would increase to around $419. Car_man Host Smart Shopper Forum
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