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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
You are in the Smart Shopper-Archives Forum. Your Hosts are kirstie_h & tidester
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Replying to: Car_man (Mar 29, 2005 4:20 am) love330conv is leasing a 330Cic convertible, not a 330Ci.. I think the money factor is .0015, not .0008 Also, BMWFS bumps up the euro-delivery money factor by .0003 now, and then makes up for it by waiving one payment. regards, kyfdx
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Replying to: smith83 (Mar 29, 2005 7:32 am) >> to move from the .00275 MF, even though I am >> qualified for the Tier 1 credit through LFS. >> How do I combat this? You can wait for the "new" to wear off these cars. Once sales slow and they start stacking up on dealer lots then you will be in a much better position to deal. The new M, new GS, and new RL all seem to be generating lots of interest and are selling well right now. I don't think there are are enough folks shopping for $45-50k cars for them to sell all they are making, so eventually deals can be had. Have you tried another Lexus dealer? I know they can be far apart but it may be worth a try. My local BMW dealer, for example, is owned by Sonic Automotive and their finance department has to make a profit on every sale or lease. So they would rather you walked away or got your own financing than give a customer the buy rate. It could be the same with your Lexus dealer - or it could be just greed. They have the car and you want it along with lots of other folks, so no reason to take anything off of MSRP AND they mark up the rate. BTW, I looked over at leascompare and they are doing 0.00215 MF on the GS300 - but 55% residual. You might run those numbers VS the inflated rate from the Lexus dealer and just do your own lease if it works out cheaper. That will teach the Lexus dealer  Dennis |
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Replying to: kyfdx (Mar 29, 2005 7:57 am) >> factor by .0003 now, and then makes up for it >> by waiving one payment I had not heard of that. So with the waived payment you are not (technically) paying rent on the car while waiting on it to arrive from Europe. Dennis
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Replying to: dwynne (Mar 29, 2005 8:07 am) But, you'll feel better about it.. |
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Replying to: Car_man (Mar 29, 2005 4:35 am) |
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| Everyone, including myself, is always asking what they should pay for a lease, but you hardly see anyone come back and post what they were able to negotiate. The "Prices Paid & Buying Experiences" section only covers buyers. How about some leasers coming back and letting us know what they were able to get? Then we can have some ballpark figures. | |
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Hi Car_man, Thank you for all of your help. Because of this forum I have become pretty knowledgable about car leases. Please let me know what you think of the following deal that I got on a '05 Infiniti G35 w/ Premium package B, sport package, trunk mat and splash guards. MSRP: $35740 Selling cost: 33181 ($500 over invoice) Residual: 60% Money Factor: .00179 36 months/ 15k miles Monthly payment before taxes: $423.81 Due on delivery: $1600 Doc Fee $720 License/Title: 23.00 Sales Tax: 43 Security Deposit: 450 and 1st payment Once again, thank you.
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Replying to: g35-or-bmw (Mar 29, 2005 8:34 am) The residual and MF you post is what I have seen as the correct with the "buy rate". If you pay the acq fee and taxes up front then my lease calculator gets $423.81 w/o taxes. I assume the "doc fee" of $720 you list is actually the acquisition fee? In any case if you take $423.81 + $450 + $43 + $23 + $720 I get $1,659.81 due at delivery rather than the $1,600 even you show. Other than that, if the $1,600 DOES cover your first month and security, all taxes, and the acq fee then it sounds OK to me. It would make the acq fee $660.19 and I don't recall what the normal fee is for Infiniti.... Sounds like a deal to me. Dennis |
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Car Man, I am interested in the new Mercedes ml 350/500. do you know the residuals after thirty six thousand miles for these and the money factor? |
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Honda has a special advertised lease, it is as follows: $249.00 per month for 36 months $1,499.00 capitalized cost reduction. $2,593.00 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). In NY i was told they have to add about $500 more because the NY acquisition fee is about $1095, so my total down payment would be $4500. That includes everything as stated above. My monthly payments would be $249 but if i add on an insurance if the car is stolen i get my down payment money back the total monthly payments would be $266. Does all this sound like a good deal? Please let me know ASAP. Thank you in advance!
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