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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
Has anyone had any luck negotiating a good price for this vehicle? Dennis, you are quite the experienced Honda guy. What would you recommend as far as how to approach this lease considering that there are only 3 of these cars in the Southeast! I would be negotiating through email. I sure would like my complete share of the current $750 incentive and to get as far below invoice as possible. I have the base MF=.00113 and 36/12k residual at 52%. Thanks for everyone's thoughts on this.  mister22
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Hello Car-Man, Was hoping you could look at my lease questions from post 19159. here it is again... I am looking at the 2006 GS300 or 2005 LS430 and am trying to find out what the best lease should be for each. For the GS300 the best I have seen in So. Cal is: MSRP: $50,209 Sell Price: $47,995 Residual: $21,589 Money Factor: 0.0017 Term: 48 months Miles: 15,000 / year Down Payment: $2,000 Lease: $666 + Tax Also wanted to see 36 months but don't know residual. For the '05 LS430 I saw the following post from 12/2004 and am wondering if this is realistic or I might even be able to do better from a sell price or money factor. MSRP: $62,489 Sell Price: $54,552 Residual: $35,562 Money Factor: 0.00188 Term: 36 months Miles: 12,000 / year Down Payment: $1,662 (1st payment+$200 down payment+$495 dealer fee+ some additional fees) Monthly Payment: $738 (including 6% tax) Finally, what would I expect to add for 15,000 miles/year? Thanks, Don |
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Hi dpj. Neither of the lease money factors that you mentioned in your post jibe with what I have seen for the 2006 GS300 or 2005 LS430. Did you get that info from this forum or were you quoted those numbers from a dealer. It is possible that these are quotes for leases through a bank other than Lexus Financial Services. If they are through LFS, I can tell you that increasing your mileage allowance from 12,000 miles per year to 15,000 would decrease these vehicles' residual values by 2%. Car_man Host Smart Shopper Forum
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Hi chrismang1. According to the latest information that I have see, if you were to lease a 2005 Lexus RX330 without navigation or the rear entertainment system through Lexus Financial Services in your area right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00146 and 56%, respectively. I am not aware of any dealer cash that is available on this model at this time. Car_man Host Smart Shopper Forum
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I'm pretty sure that I already responded to your post about the Ford Expedition, 4x4. Take a look around and see if you can find my reply. If not, let me know and I will respond to it again. Car_man Host Smart Shopper Forum |
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You're very welcome, Miguel. I used a lease money factor of .00175 and residual value of 59% to calculate the 39 month, 15,000 miles per year lease and a factor / residual value of .00175 / 57% to calculate the 42 month lease. Infiniti Financial Services' 12,000 miles per year residual values are 1% higher than its 15,000 miles per year residuals. Car_man Host Smart Shopper Forum
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Yeah, sorry about that Dean. If I am not mistaken, I believe that North Carolina is in Toyota's Southeast region as well. If you decide that you do not want to pay the SE Toyota distributor's jacked up prices, you can always lease your new car up here in New York before moving. I don't believe that Toyota's lease program is actually that bad in New York. It isn't providing any sort of lease support on the recently redesigned Avalon though. As a result, if you were to lease one through Toyota Financial Services, you would have to use its standard lease program. The last time that I say its standard lease money factor for your area it was .00225 for consumers who qualify for its "Tier 1" credit tier. Its 36 month, 15,000 miles per year residual value for your area should be 58%. Car_man Host Smart Shopper Forum
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No problem, Dan. I also saw the earlier post on Texas' unfavorable sales tax laws changing, but I do not know the exact details of this change. You may be able to find out more informaiton on how sales tax is now calculated on leased vehicles in Texas by visiting one of the following sites: Texas Department od Transportation Expressway or Texas Taxes. Car_man Host Smart Shopper Forum |
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Hi seden. Interesting, two consecutive posts about how sales tax is calculated on leased vehicles in Texas. Please see my previous post for my response to the first question on this subject. The lease money factor and residual value that you posted are correct for a 3 year, 12,000 miles per lease of a 2005 Honda Accord EX-L without navigation. Car_man Host Smart Shopper Forum
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You're welcome, suvgal. I have no idea what state your zip code is for, but I can tell you that Toyota Financial Services' base lease money factor and residual value for a 3 year, 12,000 miles per lease of a base 2005 Highlander 4WD should be .00106 and 62% in most areas. If you let me know what state you are in, I can confirm that this program is available in your area. Car_man Host Smart Shopper Forum
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