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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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Hi, Car_man Do you know the residual and money factor of 2005 Saab 9-3 Linear Sedan? Is it too harsh to ask for an offer like this: 2005 Saab 9-3 Linear + auto. trans. + moon roof With $3000 cash(down payment+bank fee+first month payment) $270/month for 2 year lease with 12000miles/year. Thanks a lot in advance. |
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Dear Car Man, Your help please...Current lease on 2002 Jaguar X Type was to expire 05-05. We took advantage of Jaguar's Loyalty Program and turned in the 2002 X Type with one (1) month remaining on lease receiving a $1,000. noncash credit applied to new lease (Jaguar Credit) for the S-Type. The 2002 X Type, lease dated 2-16-02 through Jaguar Credit also, was for 39 months at 10,000 miles per year. We turned in the X-Type with the odometer reading 22,816. Included in the 2-16-02 lease under the Section Extra Mileage Option Credit it states: "At the scheduled end of this lease, You will receive a credit of .18 cents per unsued mile for the number of unused miles between 48,768 and 32,518 miles, less any amounts You owe under this lease. You will not receive any credit if the Vehicle is destroyed, if you terminate Your lease early, exercise any purchase option, are in default or the credit is less than $1.00." Since I didn't have a clear understanding originally how many miles we would drive in this 39 month lease, I negotiated with the salesman and he agreed to 15,000 miles per year as an "insurance policy." since he wanted to move the X-Type. We received the above as stated in the lease agreement at no additional charge to us. I think my figures are correct... (48,768 - 32,518 = 16,250 miles. 16,250 x .18 = $2,925). I bought this up a closing on the S-Type we leased 04-16-05 and the finance manager said you need to contact Jaguar Credit to resolve this "unusual issue". Now, Jaguar Credit informs me I didn't purchase the Extra Mileage Option Credit and they are right! But, I did indeed negotiated my "insurance policy." which was a lotof work and it is written in my lease dated 02-16-02. I feel that Jaguar Credit should honor this signed lease agreement. Car Man, where do I go from hear? I feel strongly that I negotiated in good faith and the signed lease agreement is a legal and binding contract, but now Jaguar Credit wants to put up a fight. Thanking you in advance, Bill L. |
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Replying to: alphawolf (Apr 18, 2005 6:10 am) Right now there are little/no deals on Avalons so this really should not be a car you are looking at IF you are unsure about your financial future. The lease trade/swap sites may work - but you have to offer some incentive for the folks to take over your lease (rather than just get their own car). If you have to pay close to MSRP for the car and there are no Toyota incentives then your payment will be high. And why would anyone want to assume your high payment? Lots of extra miles and/or below average payment might lure someone into taking over your lease, but payments the same as they get from the dealer will not. I would suggest getting something a lot cheaper - like a Honda Accord. With the current $750 dealer incentive and < 1% lease money factor you can get a nice car with a low payment. I even know of a cheap dealer in Atlanta you can stop in on the way down and pick up the car  Down the road a cheap Accord lease will be alot easier to you to afford no matter what happens in your career - and be more attractive to someone else assuming the lease should it come to that. Also, you should not lease while still in NY - and if you are not moved (yet) then all the numbers will change by the time you do, so I am not sure asking here NOW will be much help. Keep in mind residuals decline in stages as the model year progresses, money cost is also on the rise right now as well. Dennis
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Replying to: smd5 (Apr 18, 2005 9:44 am) I don't think BMWFS does odd (30 month) leases, if they do I have never seen the rates published. Dennis |
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Replying to: jvigil88 (Apr 18, 2005 10:01 am) 2005 Pilot Special Featured Lease $279.00 per month for 36 months $1,999.00 capitalized cost reduction. $2,873.00 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 YF1845EW (2005 Pilot EX) Special lease rates available on all new 2005 Pilot 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 Pilot 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 Pilot EX (Model YF1845EW). MSRP $30,635.00 (includes destination). Actual net capitalized cost $26,788.66. Dealer participation may affect actual payment. Taxes, license, title, registration, documentation fees, options and insurance extra. Total monthly payments $10,044.00. Option to purchase at lease end $19,300.05. 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. Notice it says: "Actual net capitalized cost $26,788.66". Dealer invoice on this truck is $27,611, but looking at carsdirect.com with an Atlanta ZIP I see a dealer will sell it for $27,311 (there is over $900 in dealer hold back on this truck). If you get the cap cost - net price after dealer discount, cash down, or trade to this number then your payment will be $279 per month plus tax. The tax varies with where you live, but for MOST states it is charged on top of the monthly payment. What you do: 1) Negotiate a low, low price on the truck 2) Negotiate a fair price on your trade - or sell it yourself 3) Make sure the dealer gives you the "buy rate" on the lease special You should come out OK. The Pilot is a nice truck, but the horrible EPA numbers (17 city,22 highway?) might make you think about something that sips at the pump a little more Dennis
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Hi CarMan I'm looking to lease an '05 Pathfinder SE with the P01 package in Chicago. I looked in Indiana and I was offered a montly payment of $304 and then when we reminded the dealer we lived in Chicago they came back with $350 which was acceptable a few minutes later they said that because we actually lived in the city we would have to pay city tax as well and this would put the monthly payment over $400. I know you have to pay taxes up front on a lease in Chicago and on the monthly payment, but were they trying to gouge us? Thanks |
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Hey guys, just wondering if you could confirm some things for me. First, the $200-$750 dealer incentives that have been mentioned, is that a national program? How does it work? $200 for the first X number of cars that a dealer sells, going up from there based on total vehicle sales? Second, if my reading on the forums is correct, I've gleaned the following numbers for 2005 sedans (3years / 36000 miles) Civic EX: .00136 Money Factor and a 56% residual (which is based on the Base MSRP) Accord LX (both the V6 and 4cyl): .00038 and 53% Accord EX: .00113 and 54% (Is this on the base as well as the EX-L?) Are the numbers the same for the coupes? Thanks for your help!
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Replying to: ibs (Apr 18, 2005 12:46 pm) The high volume, aggressive dealers "know" they will make their goal so they have been offering cheap deals all month. With others you might have to wait until the end of the month, they will have either made their number or need your sale/lease to hit it - in either case will be a lot more willing to deal. Those numbers sound right, to check just search this thread for Accord to see. car_man has posted 53% for the LX I4, but my wife's lease was at 54% (as is the sample promo lease on the Honda web page). In any case, the dealer can't change the residual so you know you are getting the "right rate" on that. As a barometer, go to carsdirect.com and check prices at your zip code and see what comes up. If a dealer in your area is dealing down into the holdback you are in luck! Dennis |
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Replying to: Car_man (Apr 16, 2004 3:25 am) i was all set to purchase an 05 pathfinder for $35,000. including tax, title, everything else it was going to be $38,000 even (6.5% sales tax). i plan on owning this car for the next several years, so i wasn't even thinking of leasing but the salesperson put some details of nissan's lease to own program and it seemed interesting. need ur help to see if this is a good deal or not. details are as follows: 39 month lease monthly payment is $350 amount i write the dealer a check for the vehicle at end of 39 months: $21,200 $5,000 down payment no other fees or charges according to dealership. by my calcs, my total out of pocket costs if i purchase the car after 39 months is $39,850. if i financed the car for 3 years, $5000 down, 4.5% rate, my total cost would be $40339. the advantage of the lease is lower payments for 3.25 years but then i have to come up with the 21,200 at the end of the lease (that's fine with me). i want to minimize my upfront and monthly cash costs and the lease seems to do this. am i missing anything? thanks for your help |
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Hi car_man - My local NJ dealer offers on a new 2005 Accord LX-4, 4dr auto; $159 x 36 months, $2699 total cash plus m/v-registration. 1. Could I get the cash way down, maybe to the $1000 - 1500 range? 2. The quoted residual is $11,388 - doesn't this seem high? 3. We want to take delivery and pay in late May, but dealer says the lease deal ends around May 1, with any new deal to be higher cost. Any thoughts on that? thanks in advance! |
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