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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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Replying to: Car_man (Apr 18, 2005 3:38 am) I have a leasing agent giving me a quote on it...let me know what you think about his arguments here...I cant tell if he is telling me the truth or is just a good salesman. (QUOTE) Since the information you provided me is accurate, I can certainly confirm that your lease payments on a 3 and 4-year lease would look something like this............ Term 35 47 Payment 615 Super A Teir 540 Cash Dn 1st Months Payment Mileage 12k 12k If you compare these payments to that of a loan spread over 60 months on $33,000 dollars, I think you'll see the savings. Retail Sale Price + t.t.l. $33,000 Term 60 Payment 624 Cash Dn 0 Rate 4.75% as I stated earlier, a lease saves you money by not only shortening the obligation, but by also saving off the monthly payments. The longer the lease program, the more money you save on a monthly payment. On the other hand, the shorter you lease your next vehicle, the more you save on a total expense. I feel strongly that the lease option is the way to go becuase I can safely assume that the difference in the two total costs in regards to the retail purchase and the lease will ultimately be returned to you in flexibility and reduced financial risk. For example, if you paid out the 3-year lease in its entirety, your total expense would be $22,140. Doing the same on the retail purchase produces a total expense of $ 37,440 leaving a difference of 15,300. I feel confident that a paid off 5-year old Expedition will not be worth $15,300. In addition, I also don't feel like your remaining balance on the purchase after 3-years will be less than this amount. If you'd like to drive a vehicle for less money, and you feel you'll have an need to replace this vehicle before the 5-year period of time, the lease option is the least expensive, the most flexible, and the best value on the market today. (END QUOTE) What do you think, is this solid advice or i am getting the rug pulled over my eyes? |
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I'm sorry to hear about your unpleasant experience, Bill. In order to resolve this issue, you need to contact Jaguar Credit directly. It sounds as though you have already done so without any luck. If this is the case, you can always escalate your complaint to a manager at Jaguar Credit. To be honest with you though, most banks do not provide their lessees with a refund for unused miles on their leases, unless they have purchased additional miles above 15,000 on a per-mile basis. Car_man Host Smart Shopper Forum |
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Hi mrhyde. Generally speaking, dealers usually do not lie about how the sales tax is calculated on leased vehicles. Of course, I am sure that there are isolated cases where this happens though. I am not personally familiar with how sales tax is calculated on leased vehicles in Chicago. You may be able to find out additional informaiton on this subject by visiting the following site: Chicago Department of Revenue. Car_man Host Smart Shopper Forum |
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Replying to: Car_man (Apr 19, 2005 3:13 am) I am from NJ. I used the 'calculate your own lease payment' and if I worked this out right, I am now paying $24 too much for a longer term lease (and if I'm right, is there a way to renegotiate a lease?) This is how I did it: MSRP:$34,558 Net Capitalized Cost:$31035.77 1. Residual: $34,558 * .62:$21,425.96 2. Depreciation: $31,035.77-$21,425.96 = $9,609.81 3.Monthly Depreciation Payment:$9,609.81/36 = $266.94 4. Money Factor Payment Portion: ($31035.77 + $21,425.96) * .00106 = $55.61 5. Bottom Line Monthly Lease = $322.55 6. With State Tax (6% included) = $322.55 * 1.06 = $341.90 I'll be paying $365 so if this is right I got taken by a lot.  Thanks for your advice. |
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Hello ibs. The stairstep program that provides dealers with $200 to $750 on Accords and Civics is a national program. Having said this, this is a dealer cash incentive. That means that not only are dealers not obligated to share it with consumers, they don't even have to confirm that it exists. The more Accords and Civics dealers sell, the more money they get back from Honda. The exact amount that each dealer receives through this program will vary, but most dealers will probably receive $300 to $400 per car. Honda's lease program for Accord and Civic coupes are the same as they are for sedan models. Car_man Host Smart Shopper Forum |
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Replying to: Car_man (Apr 19, 2005 2:08 am) |
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Replying to: golovast (Apr 18, 2005 5:27 pm) |
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Replying to: Car_man (Apr 19, 2005 3:19 am) |
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Replying to: Car_man (Apr 19, 2005 3:10 am) I called the Texas state comptroller's office. When leasing a vehicle in Texas you pay 6.25% on the whole vehicle, not just on the leased part. I'm not sure what changed as far as the previous posts that mentioned some sort of Texas tax change. It definatly was not the tax on the whole vehicle part. That bumps up the payment on a base MDX 50 freakin bucks. THAT STINKS. Hope this helps..Dan |
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| I am interested in leasing a 2005 Infiniti FX35 (with sport package and cargo protector). I have spoken to several different dealerships via email or the phone. Before I start talking money factor and residuals, I've been trying to get an out the door quote of some sort. The most recent quote was $41,250. According to the Internet Manager this includes the final figure plus taxes (I live in VA), tags, and the processing fee. According to Edmunds, the MSRP for this same vehicle and the options I stated is $39,080. Therefore, is $41,250 after taxes, tags, and fees a good deal? | |
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