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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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Hey jaybee85. I am glad that you learned so much by visiting this discussion. Congratulations on your new car. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy! Car_man Host Smart Shopper Forum |
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I'm trying to find a good deal on a near luxury/luxury SUV. The number's I'm getting from dealers are higher than any calculations I can come up with. When I dig into the numbers, the residual values are lower than what I expected. I'm specifically looking for a 24 or 30 month lease. I'm considering the GX470, Toureg, Landcruiser, or Cayenne (the XC90 is on the list, but at the bottom). On the Landcruiser, the residual value for a 2 year term was quoted in the low 50's%. I expected that to be the number for a 3 or 4 year lease. I'm not particular as to which of these I buy, but I'm looking for the best lease deal. I think the residual value is going to be the biggest factor (assuming MF and other terms are negotiated properly). What's the residuals on these vehicles. I'd prefer the V8 versions, but if there is significant financial benefits to going with a V6, I'd consider it. I'll be turning this vehicle in, so I want the residual to be high. 12k or 15k miles a year would be fine. Any suggestions/ideas on how to rank these options? Thanks john |
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Hi John. The residual value that you were quoted to lease a Toyota Land Cruiser looks a little low to me as well. Toyota Financial Services' 2 year, 15,000 miles per residual value for this truck is currently 61%. Even its 3 year residual value for it is 56%. Given the fact that Toyota has not been providing any sort of lease support on the Land Cruiser, I would not be surprised if the dealer that you are speaking with is running your lease of it through an independent bank. Still, the independent bank would have to have one heck of a low money factor on this vehicle to make up for the low residual value that you were quoted. Lexus Financial Services' current base lease money factor and residual value for a 3 year, 15,000 miles per lease of a 2005 GX 470 without navigation or the rear entertainment system should be .00225 and 57%. Porsche Credit's current base lease money factor and residual value for a 3 year, 15,000 miles per lease of a 2005 Cayenne S should be .00260 and 55%. Volkswagen is scheduled to publish a new lease program for the Touareg in the next day or two. Given the lack of support on the other trucks that you mentioned and the fact that VW is providing dealer cash and lease support on the '05 Touareg, I have a feeling that this might be the least expensive of your list to lease right now. Feel free to post a reminder for me late this week and I will try to give you an idea of what VW's May lease program is like for this truck. Car_man Host Smart Shopper Forum
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| Can anyone give me an idea of when Chrysler will provide new incentives on their Town and Country vehicles? I noticed they expired yesterday. Thanks for any info you can provide. | |
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In New Jersey, my mom went shopping for a Highlander AWD. The dealer provided the base money factor (.00106) and residual value of 62%, as well as a very fair selling price ($50 over invoice). However, they computed the residual value not on the full value of the MSRP ($31,690), but in the following way: 62% of base MSRP (before options) of $27,590 = $17,105.80. Approximately 28% of options of $4,100 = $1,148. Total = $18253.80, instead of 62% of $31,690 = $19,647. Is this standard Toyota Financial practice? Is this something the dealer has the option of doing? In other words, is it negotiable to have them residualize the entire dollar amount of the options/entire amount of the MSRP? Obviously, if this is done, then the lease amount will be lower (approximately $30-40/month or so). Thanks for your help. Damon |
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I'm looking for help on acquiring my first BMW and I want to know if the following price is good on a new 2005 545. Options: Steptronic Cold Weather Package Premium Sound Package Sports Package Nav System SAT Radio MSRP: $64,740 Sale Price $62,000 (sales rep said he can go a little lower) Total Down Payment: $2,785 (nothing else out of pocket) Monthly Payment: $776.97 (36 months 36k miles) Taxes are in monthly payment, I live in NJ taxes are 6% Thanks for the help I want to close today. |
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I'm leasing a new Honda Pilot EX-L today. Can you tell me the AHFC current money factor and res.% for 36mo. x 12k yr.?
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Replying to: keystone (May 03, 2005 6:58 am)  Dennis
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Replying to: dwynne (May 03, 2005 7:00 am) |
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Replying to: keystone (May 03, 2005 6:58 am) 0.00154 and 60% for 36/36k on the EX-L (no NAV) 0.00154 and 58% for 36/36k on the EX-L (w/NAV) If the dealer offers you a lot higher rate, you might wait and see if some new specials come out from Honda in the next few days. Dennis |
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