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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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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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I am negotiating a lease on a 2005 Nissan Murano SL AWD with Leather package, Bose system etc. MSRP around $35,000-$36,000. Looking at 42 months, 18,000 miles needed. They will give me about $2,500 for my car on trade. Lease rates are coming in at $390 or so per month. What's a good lease deal on this one? Thanks. |
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Replying to: krishno22 (Mar 17, 2005 3:14 pm) 2005 Altima 2.5 S Auto w/Splash Guard, Protection Pkg & Mats (model #05715/05215) subject to availability to qualified lessees through Infiniti-Nissan LT. $1,699 initial payment required at consummation. Includes $1,500 consumer down payment, $199 first month payment, $0 security deposit. MSRP $20,620 includes destination charge. Net capitalized cost of $19,042 includes a $550 non-refundable acquisition fee ($795 non-refundable acquisition fee for residents of New York and Rhode Island). Dealer discount required, which may affect actual price set by dealer. Monthly payments total $4,776.72. At lease end, purchase for $14,434.00, plus $150 purchase option fee (except KS & WI), plus tax, or pay excess wear and tear plus $0.15 per mile for mileage over 12,000 miles per year. Lessee is responsible for maintenance and repairs. See participating dealer for details. Offer ends 03/31/2005 14,434 / 20,620 = 70% residual. If you plug these numbers into a lease calculator you get a MF of 0.0002 to get the $199 per month payment. They are rolling the acq fee into the lease. If you don't want to put anything "down", then we add $1,500 to the cap cost: $19,042 + $1,500 = $20,542 net cap cost. Plugging this into the calculator shows a payment of $261.50. Your dealer is discounting the car more - but must also be charging you a doc fee or something. To get $245 a month your net cap would be $20,150. If we take your selling price (they say) plus the $550 acq fee this leaves $650 missing. But as you can see, if you take Nissan's advertised special and pay nothing down you would be paying MORE than what your dealer is asking. So your dealer is not TERRIBLE - just needs to be a little better. I saw an ad for a Boston area dealer showing the 2.5s for $149 a month with $0 down - but even if they made $0 on the sale I don't see how they could do this. Dennis |
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Replying to: krishno22 (Mar 17, 2005 3:14 pm) Here are my numbers for your case: Scenario 1, you pay first month, acquisition fee, title and license at inception: MSRP: 20,550 Price: 18,950 Cap Cost: 18,950 MF: 0.0006 Residual: 69% Paid at inception: 1st month + Acq. Fee (550) + Title + License Calculations: Residual Value: 20,550 * 69% = 14,179.50 Depreciation: 18,950 - 14,179.50 = 4,770.50 Depreciation Per Month: 4,770.50 / 24 = 198.77 Rent (financial) Charge Per Month: (18,950 + 14,179.50) * 0.0006 = 19.88 Payment (before sales tax) = 198.77 + 19.88 = 218.65 Scenario 2, you pay first month, title and license at inception, and the acquisition fee gets rolled into the lease payments: MSRP: 20,550 Price: 18,950 Cap Cost: 18,950 + 550 = 19,500 MF: 0.0006 Residual: 69% Paid at inception: 1st month + Title + License Calculations: Residual Value: 20,550 * 69% = 14,179.50 Depreciation: 19,500 - 14,179.50 = 5,320.50 Depreciation Per Month: 5,320.50 / 24 = 221.69 Rent (financial) Charge Per Month: (19,500 + 14,179.50) * 0.0006 = 20.21 Payment (before sales tax) = 221.69 + 20.21 = 241.90 As you can see, it all depends on what "zero down" means to your dealer. Pay attention to what the contract says and make sure the money is going to where it is supposed to. I believe though that the MF and residual your dealer is giving you are right and current. At the end of last month the terms were 70% and .00021, as Dennis mentioned. One last thing to consider, the residual differential between the 12k and 15k is 1%, so getting extra 6,000 miles of allowance will cost you about $205, as opposed to $900 if you had to pay for them at the end of the lease. Hope this helps.
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Replying to: passat_mx (Mar 17, 2005 4:34 pm) >> your dealer is giving you are right and >> current. At the end of last month the terms >> were 70% and .00021, as Dennis mentioned If you go to the Nissan web page and look at the specials you should see the exact deal I posted: $199 a month with a 70% residual. The offer expires at the end of this month - so it must still be good. Dennis
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