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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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Replying to: Car_man (Mar 17, 2005 4:19 am) By the way, thanks a lot for your help- you really provide a great service for us lease newbies. |
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Replying to: Car_man (Mar 17, 2005 4:31 am) md_outback |
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Thanks for your reply. I am presented with an option from the dealer to purchase a 2002 BMW330xi this week at $27.5k. The dealer will do a certification (CPO), new tires, brake pads and inspections and extend the warranty to 100k. The residual value is $25,280. With three payments left ($550) I am currently over the mileage by 7,300 miles at 20cent per/mile. (Current mileage 52,300 miles.) I am looking at another lease option this time for 20,000 miles/yr. The vehicles quoted thus far are: 1) Infiniti M35 msrp 51240, dealer quote 49,000 and pmts of 699/month two years $1700 in deposit, fees. 2) Audi A6 msrp 51820 and quotes 49,262 Lease mileage is .15 cents per mile in excess of 15k....25 cents per mile if you exceed it. Lease Example with $2,000 down... 36 month lease, 20,000 miles/yr. Base Payment $692 plus tax 15,000 miles per year would lower the payment by $60 from the 20k mark. Question: 1) Is the BMW deal a good one to pass on? 2) Are the quoted leases fair? Thanks for your time.
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Replying to: Car_man (Mar 15, 2005 4:30 am) You've been a great help. I have something to go to the dealership with now. (Now, if I can figure out if I like the TL, G, or ES330 more, I'd be perfect!) Here's a naive question. Infiniti tells me I'm 'either approved for the lease program or not,', and Audi tells me 'Honda slides the scale based on credit score'. (My credit is fine, but I don't want to fill out a credit app at either dealer until I'm ready to pull the trigger) Does Infiniti really only have 1 tier for leasing? Thank you sir... |
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Car_Man I posted the other day asking for info on the 9-3 Arc. I'm also interested in info on the Linear. Can you give me MF and residual info for 24 and 36 month leases at 12k miles per year. Also, is the lease cash and bonus cash the same on Linear as on the Arc? Thanks again for your help. |
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hi I am considering a jeep liberty limited, loaded for 25,765. they are asking for 325 mo. for 39 mo.at 1200mi. ballon. no mony down just tax title. what do you think Thanks you are great. |
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Replying to: hernandezf (Mar 17, 2005 11:12 am) >>49,000 and pmts of 699/month two years $1700 >>in deposit, fees. You really should get ALL the numbers if you are getting a lease quote: what is the money factor and the residual. I assume 20k miles per year? I am surprised you could get so much off the new M - most dealers are not discounting them at all (unless you are on the VPP and work for Nissan). $699 does not sound that bad if that is 24 months, 40k. I didn't see M35 numbers for that, but the M45 numbers for 24/30k are 71% and 0.00168. So I figure it drops 2% or so for 20k per year on the residual and 1-2% because it is the M35. So 68% of $51,240 = $34,843.20. Using the M45 MF gets $730.72 per month base payment. I assume the $1700 out of pocket would be $700 or so first month and the rest is the acquisition fee and tax/tags? Does not sound that bad at all - but I have not seen the exact figures for an M35 2yr, 40k lease. Dennis |
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what are the money factor and residuals on a 24 month lease and a 36 month lease for the A4 1.8 convertible. Audi is running a special 24 month lease. Thank you |
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Okay so I have done all the preliminary legwork to get narrow my choice down to a 2005 Acura MDX Touring Package with DVD and Nav (YD1895JNW) in the Nighthawk Black Pearl W/ebony interior. The best quote I have been given is $40,259.00 including $570.00 destination. I was told that the only additional charges are Virginia sales tax (5%), tags and $100.00 processing fee. So...I feel this is a pretty fair deal. I am now moving to the "let's talk about financing" stage. 36 month/15,000 mile lease. I am going to trade in my 1993 Acura Vigor with 109,000 miles because I don't want to deal with the hassle of selling it. (It's been a wonderfuly reliable car!) So they will tell me tomorrow how much they will give me for it, but for the sake of argument let's say it's $2500. QUESTIONS: 1. Must I put that money into the lease deal or can I put half toward the lease and put the rest in the bank? 2. I see many of you asking about what type of money factor you should expect. Isn't that dependent upon an individual's credit rating? My credit is good. What kind of money factor should I expect? 3. What kind of first payment can I expect? 4. Do you find that shopping around for a lease deal is beneficial? Any places you'd recommend? Thank you in advance for all your words of wisdom. I am sure I will have many more questions so I hope you will all put up with me. RG |
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Replying to: Car_man (Mar 15, 2005 5:29 pm) The dealer says that the Residual would be 69% and a money factor of .0006. Selling price is $18,950. When I plug in these numbers I get $218 a month. I'm a little concerned that Car Man says that the residual should be 59%. I'm also still confused with how you can get $218 a month with 59%.
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