Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
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 |
|
|
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 |
|
|
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
|
|
|
Hello jjdnu. Audi Financial Services' Premier Purchase Program is what is known in the industry as a balloon note program. Balloon notes are very similar to leases in that they provide consumers with low monthly payments and the option to purchase their vehicles at the end of a specific period of time for a pre-determined amount of money. The main difference between balloon notes and leases is that with leases, the banks' name is on your vehicle's title, while with balloon notes yours is. Balloon notes are not nearly as popular as leases are, but they have become a little more so recently, especially in states like New York where the vicarious liability laws that exist there expose banks to unnecessary liability if their names are on the titles of vehicles that are involved in accidents. I do not personally keep tabs on the details of manufacturers' balloon note programs. Car_man Host Smart Shopper Forum |
|
|
|
|
Replying to: Car_man (Mar 16, 2005 5:07 am) Thanks for your reply. The monthly lease payment is $283, $0 down, 48mo, .00209mf, $8821 buyout. I plan to purchase at the end of the lease(the only reason I am leasing is b/c my company allows me to deduct $200/mo. of lease but not purchase payments.) What do you think? Thanks. P.S. Your site is awesome. |
|
|
Hey jbtwo. You would be better off having the dealer that you lease your new vehicle from cut you a check for your trade, rather than using the proceeds as a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your new vehicle would be exactly the same, regardless of whether you had put the entire proceeds from your trade down, or had made absolutely no down payment at all. I am not personally familiar with how sales tax is calculated on leased vehicles in your state, but you may be able to find out more informaiton on this subject by visiting one of the following sites: CyberDrive Illinois or Illinois Department of Revenue. All of the cars that you mentioned are very good vehicles. The two that probably have the most attractive lease programs available on them right now are the Lexus ES 330 and the Infiniti G35 Sedan, but a lot depends upon the MSRPs and selling prices so we would have to calculate some lease payments to figure out exactly which car will be the cheapest. Car_man Host Smart Shopper Forum |
|
|
Thanks keeferb. Many domestic vehicles have terrible residual values. So much so that companies like General Motors, which took an absolute beating on the stock market yesterday BTW, artificially inflate their vehicles' residual values, often by as much as 10 points just to make them even leasable (is that even a word?). Congratulations on your new Pathfinder. It is an excellent truck. Enjoy! Car_man Host Smart Shopper Forum |
|
|
You're welcome, elag1. Acura is not providing any sort of lease support on either of these cars right now, so the TL's money factors would be exactly the same as the ones that I mentioned earlier for the TSX. AHFC's residual values for a 36 month, 12,000 miles per year lease of a 2005 TL without navigation should currently be 60%. Its 39 month resid should be 56%. I have not seen its 42 month program. Car_man Host Smart Shopper Forum |
|
|
|
|
Replying to: Car_man (Mar 17, 2005 4:51 am) I can lease the Acura MDX Base for $399/Mo for $999 down, 36 Months Lease. DO you think that is a better deal than either of the two Toyota's ? Thanks so much. You have been very helpful. Regards |
|
|
Replying to: Car_man (Mar 17, 2005 4:12 am) Can't thank you enough for this information!! It will help tremendously.... If you don't mind, I may need to check back with you in a couple weeks to see what changes April brings to A6 3.2 MF/lease program -- Will you have insight to this on the first of the month? thanks again !! |
|
You are here:
Forums
Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here
