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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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Carman, can you tell me what the latest Residual and Money Factor is for a 2005 Lexus GX 470 including Navagation and 3rd row seat? I am looking at both a 48 Month 15K/Yr Lease and a 36 Month 15K/Yr Lease? Thanks, - Jimmy |
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CarMan I am responding to your questions regarding the 2005 Acura TL lease. Here are my answers. By the way my girlfriend, who is up my you know what, just wants this done even though we only actually started looking this past Sat. Please tell here this takes some time!!! Anyway.... She wants the 2005 TL auto w/Nav. The full MSRP is $34,650 with a dest. fee of $545. The invoice is $31,575. I checked on line and I believe these #'s are correct. I would like to get this car for $32,000. 48 month lease with 12k a year. We took her trade (2002 Toyota Camry LE with 45,000 miles) to 1 of the local dealerships and they "appraised" the car for $10,500 and her buyout is $14,500. I assume they are rolling $4000 into the new lease. From what I gather the buy rate is .00220 and the same dealership quoted me a buy rate of .00230. I am doing my numbers and I am coming up with a total monthly payment (with $2,500 down) of $485 - $500. I want to do the very best though without looking like a pain in the ass. I am in sales too. I was also wondering if the Dest. fee of $545 is negotiable or again am I being a pest. The car is on the lot. DWYNN gave me a residual rate of 59% w/Nav but that was for a 36 month lease. I don't know if that changes for the 48 month lease she wants. I knew nothing about this 5 days ago so this is all a crash course!!! I hope I have given you all of the necessary info you need. Please help
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Replying to: eva3b (May 04, 2005 6:01 am) Now if you want the contents of your vehicle protected an aftermarket alarm will do this. The bypass modules as referred above are needed for remote start functions. Honda's require only one, additional protective modules such as radar or glass or almost useless. Regardless go aftermarket to a reputable shop, the dealership does not install these, they are sourced out, most likely you'll end up at the same place the dealership uses, less the mark up.
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Replying to: Car_man (May 04, 2005 3:44 am) |
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I see, gwarrenfl. I thought that your ordered car was still in transit. If it is already physically at the dealer then yes you would have to sign your contract on it before the 5th to take advantage of the April program. Given the fact that April's program is fair and we are approaching convertible season, I probably would sign a lease using the April program if I was in your situation. Car_man Host Smart Shopper Forum
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Hello ae5555. Acura is still not providing any sort of lease support on the 2005 TL. As a result, if you were to lease one through American Honda Finance Corp. in May for 3 years you would have to use its standard lease money factor of .00240. I have not seen this car's new May residual values yet, but should be able to give you an idea of what they are like if you post a reminder in this discussion for me tomorrow. For now I can tell you that AHFC's lease acquisition fee is a whopping $1,095 in New York. Car_man Host Smart Shopper Forum |
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Greetings eva3b. You never mentioned the selling price or MSRP of the truck that you are interested in leasing. These are important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the exact Honda Pilot that you are interested in for you if you let me know what these numbers are. Car_man Host Smart Shopper Forum
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No problem, d_nyholm. I think that BMW's lease program on the M3 is pretty similar in May to what it was like last month. If you were to lease a 2005 BMW M3 Coupe through BMW FS right now for 36 months with 15,000 miles per, its base lease money factor and residual value should be .00200 and 57%, respectively. Its numbers for an otherwise identical 30 month lease should be .00200 and 62%. If you were to lease this car with only 12,000 miles per year, its residual values would be 2% higher. Car_man Host Smart Shopper Forum |
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Hello Doug. In order for me to give you an accurate idea of what this car's current lease program is like, I need you to tell me the exact model that you want (its money factors and residual values vary by trim level, how long you want to lease it for, and how many miles per year you need to be able to drive it. Car_man Host Smart Shopper Forum
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HA, that was very poetic, Dennis  . Very true indeed. Car_man Host Smart Shopper Forum |
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