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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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Hi kicker5454. If you were to lease a 2005 Volvo V50 T5 2WD through Volvo Finance right now for 36 months with 12,000 miles per year, its base lease money factor and residual value should be .00185 and 56%, respectively. This is a decent lease program, but nothing to get that excited about. This car's residual value is OK and its money factor is equivalent to an interest rate of around 4.44%. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are. Car_man Host Smart Shopper Forum |
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Sjeed, the deal that you were quoted looks good to me. If you like the car, I don't see any reason not to pull the trigger on this deal. Car_man Host Smart Shopper Forum |
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Here you go shaker58. If you were to lease a base 2005 Acura MDX through AHFC right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00196 and 64%, respectively. Car_man Host Smart Shopper Forum |
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Hello blue58. Let's calculate a sample lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2005 Saturn ION 1 Sedan with an MSRP of $14,255 and a capitalized cost of $14,919 through General Motors Acceptance Corp. right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $140. I arrived at this payment using a lease rate of 0.9% and an unbelievably inflated residual value of 69% to arrive at this payment. I do not believe that Saturn's special lease program does not vary by credit tier, but GMAC would have to run a credit check on you to make sure that you qualify for its lease program. The only area that you could negotiate on this lease is the selling price of this car. Even though traditionally Saturns are no haggle, many Saturn dealers are now willing to negotiate the selling prices of their vehicles. Having said this, there isn't much of a profit margin in the ION 1 Sedan so you probably won't be able to negotiate much of a discount on it, if any. Car_man Host Smart Shopper Forum |
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Hey Dennis. AHFC's base lease money factor for all Honda Pilot models is .00154 for leases of up 36 months. Its 36 month, 12,000 miles per residual value for a 2005 Pilot LX should currently be 63%. Car_man Host Smart Shopper Forum |
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Dennis, you should be able to lease a vehicle from a dealer that is in a different state than the one you live in. They only reason that I could think of that a dealer could not lease a vehicle to an out of state customer is if they live in New York and the bank that they are trying to lease through did not lease to New York residents because of the vicarious liability laws that exist there. Having said this, dealers are not obligated to lease you a vehicle. If for some hard to understand reason they don't want to lease a vehicle to an out of state customer they don't have to. Car_man Host Smart Shopper Forum |
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No problem, coffee_fan. I believe that we were discussing how sales tax is calculated on leased vehicles. You may want to try the following sites to see if they contain information on how sales tax is calculated on leases in Washington: Washington Department of Licensing or Washington State Department of Revenue. Car_man Host Smart Shopper Forum
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Love330conv, BMW Financial Services' base lease acquisition fee for residents of every state but New York is currently $625. I am not surprised that the dealer that you are working with is trying to mark BMW FS' acquisition fee up. BMW dealers are notorious for marking up money factors and acquisition fees. If you tell them that you know what BMW's actual fee is and that you will not pay their inflated fee you should be OK. Car_man Host Smart Shopper Forum |
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Hey jimbojones. I don't believe that Volvo Finance is leasing 2004 models any longer. Even if one can lease an '04 model through Volvo Finance, it definitely has stopped lease support on them. You may find that the best lease program that is available on the '04 C70 right now is offered through an independent bank. When negotiating your deal on this car, keep in mind that Volvo is providing $5,000 dealer cash on it in most areas to help dealers unload their remaining inventory. Car_man Host Smart Shopper Forum |
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You're welcome bama12. GMAC's base lease rate on the 2005 Cadillac STS is indeed currently 4.75%. The residual value that you mentioned in your post is correct as well. Car_man Host Smart Shopper Forum
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