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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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Hey coffee_fan. Saab is currently providing $4,000 lease cash or $3,000 dealer cash on the 2005 9-5 Arc wagon. These offers cannot be combined. If you lease, you are only eligible for the lease cash. Having said this, this month, Saab is providing a $1,000 bonus on all sales and leases of the 2005 9-5. So the total lease incentives on it right now is $5,000. Saab Financial Services Corp.'s base 2 year, 12,000 miles per money factor and residual value for this model is currently .00001 and 59%, respectively. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what its selling price is. Car_man Host Smart Shopper Forum
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As I suspected, this lease is through a bank other than Volvo Finance, asd302. I have not seen this banks' published lease program for this car. As a result, I cannot tell you whether it is marking up your money factor any. I can tell you though that you are getting this car for a very reasonable price. The only thing that I would change about this deal if I was in your situation is I would not make any sort of capitalized cost reduction. Car_man Host Smart Shopper Forum |
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Here is the information that you are looking for, MD_Outback. If you were to lease any 2005 Honda Accord Coupe EX with navigation through American Honda Finance Corp. right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00113 and 52%, respectively. Car_man Host Smart Shopper Forum
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Congratulations on your new X3, funky1020. I am glad to hear that you have learned so much from reading this discussion. Thanks for taking the time to come back and let us all know how everything turned out. Enjoy! Car_man Host Smart Shopper Forum |
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Hi mkcal. I am sorry to hear that you have already put so many miles on your car. I definitely would not do anything now if I was in your situation. Purchasing it now will likely prove to be more expensive tha it will be down the road. Not only are you more upside down on your car at this time than you will be near the end of your lease, but the bank that you are leasing it through is much less likely to be willing to negotiate its purchase price this far before the scheduled end of your lease. You basically have two options, continue to drive your Jetta and pay the excess mileage penalty at lease end or wait until the scheduled end of your lease and purchase your car, trying to negotiate a lower selling price with VW Credit, or whichever bank you are leasing it through. If your car's lease-end purchase price is less upside down than the amount that you owe in excess mileage charges, you may want to consider buying it. Car_man Host Smart Shopper Forum |
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Hi jq31. Edmunds.com has a ton of good articles on leasing that you definitely should check out. Here are links to a few of them: - Leasing Glossary - 10 Steps to Leasing a New Car - Calculate Your Own Lease Payment. Car_man Host Smart Shopper Forum
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You're welcome, jetfan. Car_man Host Smart Shopper Forum |
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You're very welcome, Petoz. A 36 month, 15,000 miles per year lease of a 2005 S4 Sedan through Audi Financial Services right now should have a base lease money factor and residual value of .00065 and 54%, respectively. Your dealer was correct, gas guzzler tax probably cannot be residualized. Car_man Host Smart Shopper Forum |
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You're welcome, markrogo. I checked with a few of my sources yesterday, and the RX 400h is supposedly scheduled to go on sale on April 15th. Lexus actually finally introduced an initial lease program for it if you are interested. There is a ton of demand for this fantastic vehicle, so as one might expect there is no lease support on it. How long did you want to lease it for and how many miles do you need again? Car_man Host Smart Shopper Forum |
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No problem, dguptaofnj. Now that I think about it, it is actually fairly difficult to estimate lease payments for leases through Toyota financial Services because its residual values are usually based upon vehicles' base MSRPs and certain options cannot be completely residualized. Calculating sample lease payments the way that most banks do, I came up with 3 year, 12,000 miles per zero down, pre-tax monthly payments of $343 for the 4Runner and $378 for the Highlander, but these trucks' actual lease payments may be a little higher than this because of the unusual way that TFS' calculates them. Car_man Host Smart Shopper Forum
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