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#19764 of 23872 Good Lord this is confusing... re:2005.5 Jetta by dawner May 02, 2005 (9:26 am)
Car_man or anyone else....   Re: 2005.5 Jetta 2.5L Package 1   I just got off the phone with the finance manager to clear up a few things for me.   He said the buy rate = .00110 Then once the aquisition fee is put in, the money factor changes to .00170.   I have the option to pay the security deposit of 350 up front, which they tell me I will get back at the end. If I don't pay the sec up front, then the money factor goes up to .00185.   Should I pay it, should I not???   Can anyone please help me make sense of this... my head is spinning!!!
#19765 of 23872 Re: RX330/MDX [dwynne] by smith83 May 02, 2005 (9:35 am)
Replying to: dwynne (May 02, 2005 5:04 am) I think I am going to go with an MDX. The Acura folks are much easier to deal with and do not hide numbers. They actually walked me through the various lease payments, etc. on the salesman's computer. It's nice to actually see the calculations in front of you. At the Lexus dealership they still use the method of going back to the "tower" for numbers and hide the calculations.   The tax rate in NC is 7%. I guess the acquisition fee and deposit were rolled in the payment as well. It still sounds like Lexus is adding some extra profit in the deal.   What are the residual and MF on an MDX Touring w/NAV and DVD?   smith83. Replies to this message: dwynne (May 02, 2005 10:15 am)
#19766 of 23872 Re: RX330/MDX [smith83] by dwynne May 02, 2005 (10:15 am)
Replying to: smith83 (May 02, 2005 9:35 am) Like I said, even with 7% tax you would have to raise the new cap cost by a lot of money to get the payment they quoted you. With a jacked up MF AND "mystery" money added to you cap cost sounds like doing financing with them would be a tricky affair.   You can still get the Lexus, if you want. I checked at leasecompare.com and they are doing 54% and 0.00196 on a 36/45k lease of a loaded up RX330. You might also could find a local lease broker to do the lease - or use leasecompare or leas-by-tel to do the deal. They would buy the truck at your negotiated price and lease it to you.   On the MDX front, it looks like a loaded one is 0.00196 and 56% (the residual gets lower the more loaded the truck, it appears). This is probably the last day for this rate and "who knows" what it will be next month. If the Acura dealer messes you around too, leasecompare.com is showing 54% and 0.00210 on this truck now.   Good luck - and don't let them "win" by getting you to sign for something that is not right   Dennis
#19767 of 23872 Signed Accord LX lease by jaybee85 May 02, 2005 (11:33 am)
Thanks to a good education from car_man, Dennis and many posters, we signed a lease a few days ago on a 2005 Honda Accord LX under good terms. We negotiated a monthly payment of $190 (36 months, 12,000 miles, AHFC) including NJ tax ($11/month) and a security system installed ($300MSRP or $5/month), against $2000 cash including all fees, first month payment, motor vehicle and some cap cost. We wanted the lower monthly payment, so traded cash to achieve that. With my numbers before me, I called the local dealer in Madison NJ (Flavia) and in maybe 5 minutes concluded a straightforward discussion and closed the deal with a credit card charge, with final payment, dox and pickup 2 days later. They, and all other dealers I suppose, want to move cars as the Honda lease program ends today and they want the dealer incentive payments for volume sales. Maybe you'll do better. I realize that the program might - or might not- be extended, but we wanted this deal now, and preferred not to roll the dice. Thanks again guys and gals!
#19768 of 23872 Re: Re: RX330/MDX by Car_man HOST May 02, 2005 (3:21 pm)
No problem, smith83. I suspect that you were quoted a higher lease money factor on this truck because either A) you are having your security deposit or acquisition fee waived, B) the dealer that you are working with is marking it up to add additional back-end profit to your deal, or C) All of the above. Using the prices that you were quoted, an MSRP of $46,503 and a selling price of $43,503 a base 2005 Lexus RX 330 4WD leased through LFS for 3 years with 15,000 miles per should have a zero down, pre-tax monthly payment of around $587. As you can see, the monthly payment that you were quoted to lease this truck looks a little high.   Car_man Host Smart Shopper Forum
#19769 of 23872 Re: Re: VW Jetta 2005.5 Lease 48/15000 by Car_man HOST May 02, 2005 (3:27 pm)
Dawner, how much dealers charge for doc fees is completely up to them. These fees really aren't much more than a profit center for dealers. Even if they claim that they cannot waive their doc fee for you, just have them reduce your vehicle's selling price by the amount that you want the doc fee reduced by. I haven't seen any lease payments for similar cars mentioned by other community members recently, but I can work up an approximate lease payment on this car for you. According to my calculations, if you were to lease a 2005.5 Volkswagen Jetta 2.5L Sedan with an MSRP of $22,189 and a capitalized cost of $20,689 (a $1,000 discount which you should be able to beat minus the $500 loyalty) through VW Credit right now for 4 years with 15,000 miles per, your zero down, pre-tax monthly payment should be around $253.   Car_man Host Smart Shopper Forum
#19770 of 23872 Re: Honda Accord LX lease - signed - FYI by Car_man HOST May 02, 2005 (3:28 pm)
Congratulations on your new car, miamimike1. Thanks for taking the time to stop back and let us all know how everything turned out.   Car_man Host Smart Shopper Forum
#19771 of 23872 Re: what questions do you need to ask when leasing a car by Car_man HOST May 02, 2005 (3:29 pm)
Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Once you have a general understanding of how leasing works, stop back and I will be more than happy to answer any specific questions that you have.   Car_man Host Smart Shopper Forum Replies to this message: toy4me (May 03, 2005 8:01 pm)
#19772 of 23872 Re: Re: VW Jetta 2005.5 Lease 48/15000 by Car_man HOST May 02, 2005 (3:33 pm)
Dawner, I personally pay security deposits on the vehicles that I lease. You need to pay one in order to get the lowest possible lease money factor. I would rather pay a deposit that I will eventually get back than just throw away money on a higher payment each month. To qualify for the .00110 lease money factor that VW is providing on this car, you also have to pay VW Credit's lease acquisition fee of $575 at signing.   Car_man Host Smart Shopper Forum
#19773 of 23872 Re: smith83 by Car_man HOST May 02, 2005 (3:35 pm)
Hey smith83. Acura's April lease program on the 2005 MDX was scheduled to expire at the end of today, May 2nd. I haven't had an opportunity to take a look at its new lease program yet, but should be able to by the end of the week. Please post a quick reminder in this discussion for me then and I will be more than happy to fill you in on what I have been able to find out.   Car_man Host Smart Shopper Forum

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