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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 ltrain. You never mentioned the selling price or MSRP of the truck 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 truck'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 Pilot that you are interested in so that you can compare it to the deal that you have been quoted if you let me know what these numbers are. Car_man Host Smart Shopper Forum
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You're very welcome, andyhiggs. It sounds like you got a very good deal. Thank you for taking the time to come back and let us all know how everything turned out. Congratulations on your new car and enjoy! Car_man Host Smart Shopper Forum |
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Love330conv, it doesn't really matter whether the finance guy at the dealership that you are getting your car from makes anything or not, as a whole this dealer is making money on your deal. I suspect that BMW pays its dealers at least some sort of minimal flat fee for leases that they arrange anyhow. You should be able to lock in BMW's current lease program on this car. The advantage of doing so is that when your car arrives next month you can either lease it through the program that you locked in, or take advantage of BMW's new program if it is more attractive. Car_man Host Smart Shopper Forum
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Here is the information that you are looking for, mlrtime. If you were to lease a 2005 Subaru Legacy GT Limited Wagon through its captive finance company prior to the end of the month for 2 years with 12,000 miles per, its base lease money factor and residual value should be .00140 and 59%, respectively. The numbers for an otherwise identical 3 year lease of this model should be .00150 and 51%. As you can see, the numbers that you were quoted by the dealer that you are working with are accurate. Car_man Host Smart Shopper Forum |
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No problem, shaker58. Make sure to let us know how everything turns out. Car_man Host Smart Shopper Forum |
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You're welcome, seden. I am glad that I was able to help you out. Don't forget to stop back and fill us in on the details of your lease once it is finalized. Car_man Host Smart Shopper Forum |
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Morgan, I personally wouldn't lease from a dealer that refused to tell me the money factor and residual value that is being used to calculate my vehicle's lease payment. One thing that I noticed about your deal is the substantial down payment that you are making. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your G35 would be exactly the same, regardless of whether you had put thousands of dollars down, or had made absolutely no down payment at all. If you really want to trade your Elantra in, have this dealer cut you a check for it rather than using the proceeds as a capitalized cost reduction for your lease. According to my calculations, if you were to lease a 2005 Infiniti G35 Sedan 2WD with an MSRP of $31,200 and a selling price of $29,750 through Infiniti Financial Services right now for 4 years with 15,000 miles per, your zero down, pre-tax monthly payment should be around $370 per month. As you can see this payment is much much lower than the outrageous ones that you have been quoted by this dealer. If I was in your situation I would walk away from this dealer and find another one in my area that was willing to be more reasonable. Car_man Host Smart Shopper Forum |
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Stein, Acura's current lease program for the 2005 MDX is scheduled to run through May 2nd. While manufacturers reserve the right to make unscheduled changed to vehicles' lease programs, I suspect that the lease program for the MDX will be the same in April. The numbers that you posted are correct for a base 2005 MDX. If you were to lease a 2005 Infiniti QX56 AWD through Infiniti Financial Services prior to the end of the month for 36 months with 15,000 miles per year, its base lease money factor and residual value should be .00179 and 53%, respectively. The residual value for an otherwise identical lease with only 12,000 miles per year would be 54%. Car_man Host Smart Shopper Forum |
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Greetings brian0663. I would be more than happy to estimate a lease payment on the truck that you are interested in for you. However, in order for me to do so, I need you to provide me with its full MSRP. Car_man Host Smart Shopper Forum |
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Coffee_fan, the main factors that I look at when trying to assess whether a lease program is attractive or not are the amount of lease cash that is available, if any, how low the money factor is, and how high the residual value is. Once I have assesses whether a vehicle's lease program is attractive or not, I look at the selling price of the vehicle that is being leased. Car_man Host Smart Shopper Forum |
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