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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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Hi fish8. This particular discussion is for community members who want to discuss leasing. For answer to questions about automakers' incentive programs, visit the following discussion: "Rebates, Incentives, APRs - Questions & Comments". Thanks. Car_man Host Smart Shopper Forum |
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Damon, the salesperson that your mother was working with was unfortunately telling the truth. While most banks calculate vehicles' residual values using a percentage of their full MSRPs, Toyota Financial Services' residual values are based upon a percentage of vehicles base MSRPs. It places limits on the amount of money that can be residualized for many options. This often makes vehicles a little more expensive to lease through TFS than they would be using the same program, but another bank's residualization policy. Individual dealers do not have the option to change this. Car_man Host Smart Shopper Forum |
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Hi frank310. BMW just introduced its new May lease program yesterday. I have not had an opportunity to take a close look at it yet. If you would like, please feel free to post a reminder in this discussion for me later on this week and I will be more than happy to fill you in on what I have been able to find out about the new program. Car_man Host Smart Shopper Forum
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Hi keystone. Honda just introduced its new May lease program yesterday. I have not had an opportunity to take a close look at it yet. If you would like, please feel free to post a reminder in this discussion for me later on this week and I will be more than happy to fill you in on what I have been able to find out about the new program. Car_man Host Smart Shopper Forum |
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Hi steevo. Nissan just introduced its new May lease program very late yesterday. I have not had an opportunity to take a close look at it yet. If you would like, please feel free to post a reminder in this discussion for me later on this week and I will be more than happy to fill you in on what I have been able to find out about the new program. Car_man Host Smart Shopper Forum |
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You're welcome, ch7656. I haven't seen the new May program yet, but I expect to within the next couple of days. Check back with me late this week and I should be able to tell you what the Odyssey's new lease program is like. Talk to you soon. Car_man Host Smart Shopper Forum |
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Hi ltrain. Audi's April lease program is still in effect through May 4th. So if you were to lease this vehicle today you would have to use the April numbers that you mentioned. Car_man Host Smart Shopper Forum |
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Greetings toy4me. Since you seem to be 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. As far as the ability to negotiate a vehicle's money factor goes, individual dealers do not have the authority to lower banks' published money factors for vehicles. Where the negotiation comes in is you need to make sure that the dealer that you are working with is not "marking-up" the base money factor for the car or truck that you want. Dealers are often allowed to mark-up banks' buy rates to add additional back-end profit to deals. If you are currently $5,000 upside down on your Highlander, by far your least expensive option would be to wait until you are closer to the end of that lease. If that is absolutely not an option, you should be able to bury some of the money that you are upside down in a lease of a new Toyota Sienna. I said some because most banks will not let consumers lease or finance much more than the full MSRPs of vehicles. Even if you are able to negotiate several thousand dollars off of the price of your new Sienna, you still would have to pay money out of your own pocket to get out of your Highlander this early. Not to mention the fact that your Sienna will be much more expensive to lease than if you had done so without any negative equity. Car_man Host Smart Shopper Forum |
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John, Volvo has been providing lease support on the 2005 XC90 lately. You're right, the T6 and V8 variants of this truck will likely have different lease programs. Its April lease program just expired yesterday and I have not had an opportunity to take a look at its new May numbers yet. Please feel free to check back with me late this week and I should be able to give you a good idea of what the new lease program for this model is like. Talk to you soon. Car_man Host Smart Shopper Forum |
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Hey Gary W. Audi's April lease program is scheduled to run through May 4th. You should be able to lease this car using that program at any time prior to the 5th. Even if your car comes in after that date, you may be able to lock in the April program if you want to because your Cabrio was ordered. If you can't lock the current program in, then yes you would have to finalize your deal by today to take advantage of the April program. It is difficult to say what the new May lease program for this car will be like, but a number of automakers have cut back on their lease support on convertible models as summer rapidly approaches. Car_man Host Smart Shopper Forum
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