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23872 messages,  Last post on Sep 20, 2005 at 8:08 AM

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What is this discussion about? Car Leasing


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#19193 of 23872
Pathfinder Lease in Chicago by mrhyde
Apr 18, 2005 (12:39 pm)
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
#19194 of 23872
Honda Financial Questions by ibs
Apr 18, 2005 (12:46 pm)
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!
#19195 of 23872
Re: Honda Financial Questions [ibs] by dwynne
Apr 18, 2005 (12:54 pm)

Replying to: ibs (Apr 18, 2005 12:46 pm)

I think it is goal based, so a large dealership may have to sell 100 cars to get the full incentive but a small one may only have to sell 20. Pretty sure it is national as well.
 
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
#19196 of 23872
lease question by lucky9
Apr 18, 2005 (1:41 pm)

Replying to: Car_man (Apr 16, 2004 3:25 am)

hi car_man,
 
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
#19197 of 23872
Accord LX lease by jaybee85
Apr 18, 2005 (2:40 pm)
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!
#19198 of 23872
New SUV by buy_lease
Apr 18, 2005 (2:41 pm)
I am in Houston, TX and am interested in potentially leasing or buying a Honda Pilot EX (w/ leather no Nav. or DVD), or a Toyota Sequoia SR5 2WD. Could you provide me with the current base lease money factors and corresponding residuals for 12k and 15k for these two SUVs? Thanks in advance.
#19199 of 23872
Re: Leasing Deals on Convertibles w/ Backseat ... ? [Car_man] by jdg345
Apr 18, 2005 (4:00 pm)

Replying to: Car_man (Apr 18, 2005 2:18 am)

Car_man,
 
Thank you very much for the response! I'll go ahead and perform some research on the Audi A4 you suggested as well as the Saab 9-3. On the Sebring, I've heard that many times (regarding a horrible residual) ... I'd end up spending as much leasing that as I would a vehicle that was 10k more. As far as the MINI is concerned, that choice wasn't "allowed".
 
Thank you again! I'll continue to research and update what I find ...
#19200 of 23872
Re: Leasing Deals on Convertibles w/ Backseat ... ? [mazda04rx8] by jdg345
Apr 18, 2005 (4:04 pm)

Replying to: mazda04rx8 (Apr 18, 2005 3:48 am)

TB,
 
Thank you much for the suggestions ... all of those vehicles have been "ruled out" by the significant other ...
 
I'm showing her the Audi and the Saab now to get some feedback.
 
Thank you again for the thoughts! I really appreciate it!
#19201 of 23872
FleetRates Site ... ? by jdg345
Apr 18, 2005 (4:10 pm)
What is the deal with this site? I saw them advertised online on Magazine (C&D or MT) Website ... is this a scam?
#19202 of 23872
Re: Current Toyota Avalon MF and Residual Values? [alphawolf] by jdg345
Apr 18, 2005 (4:43 pm)

Replying to: alphawolf (Apr 18, 2005 6:10 am)

Dean,
 
I took a look at leasecompare when I saw your note. It looks pretty cool, but I think their purchase prices are a little on the high side ... It would probably be excellent for creating a baseline though.

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