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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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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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Hi rosales1. You are making a $2,500 security deposit on a Mazda RX-8?!?! Something does not sound right here. Banks' normal lease security deposits are equivalent to vehicles' monthly payments rounded up to the nearest $25 or $50 increment. The only way your vehicle's security deposit would be higher than that is if you were putting multiple deposits down. Many banks, especially the captive finance companies for luxury brands, allow consumers to make multiple security deposits on leases, with each additional deposit reducing the money factor that is being used to calculate their car or truck's monthly payment by a certain amount. I am not sure if the bank that you are planning on leasing your RX-8 through offers this sort of program. If the $2,500 is indeed a function of making multiple security deposits, then yes it will be fully refunded to you at lease-end, provided you do not owe any money for excess mileage or excess wear and tear. More likely, the $2,500 consists of your car's first month's payment security deposit, acquisition fee, and some sort of down payment. If that is the case, then you will only get back the security deposit portion. Car_man Host Smart Shopper Forum |
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Hey Jimmy. Unfortunately, Lexus is not providing any sort of lease support on the 2005 GX 470 right now. As a result, if you were to lease one through Lexus Financial Services at this time, you would have to use its standard lease money factor. The last time that I saw its standard factor it was around .00225 for Sign and Drive Tier + customers who pay a security deposit. LFS' 3 year, 15,000 miles per residual value for a 2005 GX 470 with navigation should currently be around 56%. The residual for an otherwise equivalent 4 year lease should be 47%. Car_man Host Smart Shopper Forum |
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Thanks for the additional information, captchaos145. I will make some calls and see if I can find out what this car's new May lease program is like. I will post a message containing answers to all of your questions on this subject tomorrow. Car_man Host Smart Shopper Forum
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You're very welcome, frank310. BMW Financial Services' May lease money factor and residual value for a 3 year, 12,000 miles per lease of a 2005 BMW 545i are .00100 and 59%, respectively. As you seem to have found out, BMW is not currently providing much in the way of lease support on the 2006 530i. Its May numbers for a 3 year 12k lease of this car are .00250 and 62%. Car_man Host Smart Shopper Forum
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