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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: svrider (Mar 18, 2005 4:03 pm)  Depending where you are you might want to talk to Deane "Dr Bimmer" in Augusta. He makes great BMW deals and his finance department does not normally jack up the rate over the buy rate. He found the 330i I used to have on the boat to another dealer (unsold) and did the same for my boss on his 540iA. So it was like ordering a car without all the wait. The salesman can't know what the promos will be once your car comes in, but it does not have to come as far - only from SC. Dennis |
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Replying to: krishno22 (Mar 18, 2005 4:19 pm)
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Replying to: krishno22 (Mar 18, 2005 4:19 pm) Also Honda has too many Accords and Civis and just started doing up to $600 in dealer cash to try to help move them. The standard deal calls for the dealer to make just over $600 with the lease. So "in theory" since they now have this new money you could negotiate the purchase price down $600 and they would still make the same - and your payment would drop. If the money was the same, I would rather have the Accord. ABS and side airbags standard - DSC is not available on the 4 banger Accords though. The Altima MF is about 1/2 the Accord - but the Accord is still under 1% (.91 or something) so you would want to avoid paying any of your money into the lease. Keep in mind the special can be adjusted - the same MF and residual you just put down less or more and the payments change. For an extra 0.0001 on the MF Honda will waive the security deposit. You can also roll the acq fee into the lease - and with < 1% money I don't know why you would not. Should work the same with the Altima - but with a .5% or so money. Dennis Terms and Conditions 2005 Accord LX Special Featured Lease $199.00 per month for 36 months $1,499.00 capitalized cost reduction. $2,493.00 total due at lease signing (includes first month's payment, security deposit, capitalized cost reduction and AHFC upfront acquisition fee; total net capitalized cost and base monthly payment does not include tax, license, registration, options and the like). Model CM5645EW (2005 Accord LX Sedan with Automatic Transmission) Special lease rates available on all new 2005 Accord models. Subject to limited availability. The specific featured lease listed is not available to New York residents. New York residents should contact their dealer for New York featured lease. Terms and conditions vary for New York Residents. In addition, AHFC limits leasing terms to 39 months or less to residents and dealers in the state of Rhode Island. Offer valid through 5/2/2005 for new and unregistered Accord vehicles only and only on approved credit by HFS (Honda Financial Services) through participating dealers. HFS' standard credit criteria apply. FEATURED SPECIAL LEASE: Closed-end lease for 2005 Accord LX Sedan with Automatic Transmission (Model CM5645EW). MSRP $21,090.00 (includes destination). Actual net capitalized cost $18,148.68. Dealer participation may affect actual payment. Taxes, license, title, registration, documentation fees, options and insurance extra. Total monthly payments $7,164.00. Option to purchase at lease end $11,388.60. Lessee responsible for maintenance, excessive wear/tear and 15¢/mile over 12,000 miles/year. SEE DEALER FOR DETAILS. The specific featured lease listed is not available to New York residents. NY residents should contact their dealer for NY featured lease. Terms and conditions vary for NY Residents. In addition, HFS limits leasing terms to 39 months or less to residents and dealers in the state of Rhode Island.
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Replying to: kyfdx (Mar 18, 2005 4:27 pm)
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Replying to: krishno22 (Mar 18, 2005 5:02 pm) |
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Replying to: jmpellet (Mar 18, 2005 10:21 am) Mentioned that I was going to check out a Honda Accord for the same price. He didn't sound too happy but I told him I would get back to him if the deal didn't pan out. Only thing to think about is that the Nissan deal is for 24 months and the Honda deal is 36 months. So if they turn out to be the same price, which one would you guys choose?
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Replying to: krishno22 (Mar 18, 2005 6:04 pm) The Altima does not even include ABS or side airbags - they are a $700 extra cost option. The "special" deal from Nissan is on the 2.5s with splash guards, auto, and mats. What do you bet the dealer will not have any/many of these - and if they do it/they will not be in the color you want? They CAN get you into a more expensve one with more options for the same MF and residual, but you will then pay more. Now if you can find this exact car in the color you want, then you get the exact special deal. Of course, no ABS or side air bags. The only advantage I can see is the Altima deal is for only 24 months. If you think you will be wanting something better or need to get out of the car for some reason that is an advantage. The Accord will require a longer commitment, but it is a nice car that you can be proud/happy driving for 3 years for cheap. It is your money, but either one is getting the car just over invoice for a "interest" rate of 0.5% or 0.9% so deal wise you really can't go wrong with either. Both deals have the dealer making money, so in theory there is room to talk them down a little on cap cost to make it even sweeter - but getting the special as they advertised it is still OK. Dennis |
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Replying to: dwynne (Mar 18, 2005 12:00 pm) Thanks much. I'll send you a sepparate e-mail with more info directly to your e-mail address. Jas
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Thanks in advance for your reply. 1st time on the site...great info. My concern is that I am trying to get out of my Galant lease 8 months early and get into another brand if possible. Quickly, I am almost at my milage limit. This is my 4th Mitsu lease. I have seen a TV ad for a Cadillac CTS for 35months,$299.monthly with under $900.down. What am I missing? Sounds too good. Also, please advise on leasing specials,incentives and rebates for leasing. I am trying to stay in the low $300. range. Possibilities are the (basic)CTS, Acura TSX (4-cyl),BMW 325I (6 cyl) and if I must due to early lease term, the Galant GTS(V-6). Any suggestions as to what to do with my Galant and how to build it into the new lease would also be a huge help. Thanks again
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I have worked through a couple of lease vs. buy scenarios where it seems the leasing was actually cheaper. The scenario goes like this: lease with $0 down, 3 yrs, 12K miles then buy the car (cash) after 3 yrs for the residual vs putting $10K down and taking a 4 yr loan. Depending on loan interest rate vs money factor and residual, in a couple of scenarios, the lease-buyout approach was actually a little cheaper in terms of total cash outlay (I counted interest on the $10K as a credit on the lease side and loss of interest as a debit on the purchase side.) Could this be right or did I miss something? I've always read that leasing is almost always more expensive the buying.
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