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Lease Questions - Ask Here - READ ONLY

23872 messages,  Last post on Sep 20, 2005 at 8:08 AM

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What is this discussion about? Car Leasing


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#23816 of 23872
Re: trade-in my lease car... [dphantom] by genegray
Sep 14, 2005 (7:22 am)

Replying to: dphantom (Sep 13, 2005 3:38 pm)

dphantom,
It is possible to trade-in the 325i that you're leasing for the SUV that you want, that's just what i did last weekend But i think the process of doing that trade off is less complicated if you do it within the same company (in your case, BMW). It's just like swapping your lease sedan for another vehicle. They'll ask you to sign a notice of release of responsibility for your old car. I'm not sure about trading a lease for a vehicle financing set up though. Contact a bunch of dealers and they'll give you their numbers, then pick out the best offer that attracts you. (TIP- don't pick up the phone until you get the cheapest offer ...in your email). 90% of the transaction time on my new lease program were done on the internet and buy phone. After some consultations here and there, i was able to close the deal (over the phone), signed the papers then drove off my new ML350 a couple of hours later that same day. Goodluck and enjoy shopping.
#23817 of 23872
Re: Lease Buy Out [allinde] by allinde
Sep 14, 2005 (7:33 am)

Replying to: allinde (Sep 12, 2005 8:44 am)

Any thoughts on this Car-Man? I would appreciate any advice you could offer.
 
Thanks
#23818 of 23872
MX-5 by krwest1
Sep 14, 2005 (10:58 am)
Car_Man, do you have any info on the 2006 MX-5 yet? I'm interested in 24 and 36 month (12K and 15K per year) residuals and money factors. In case trim level matters, I'm interested in the Grand Tourning and Limited Edition. Thanks.
#23819 of 23872
Re: Anyone know the residual on a 2006 325xi 36mo/12k? [Car_man] by dfosher
Sep 14, 2005 (11:07 am)

Replying to: Car_man (Sep 14, 2005 2:16 am)

Thanks Car_man. Are you saying the lowest buy rate I could get for a 325xi is .00280? I was trying to negotiate a lower buy rate as I thought it was .00250 - .00290. I guess my salesman was correct in saying that was the lowest he could go.
 
Any information on Octobers lease deals on the 3 series. That’s when I take delivery.
#23820 of 23872
Can a Lease be rescinded before the car is picked up. by thuelbig
Sep 14, 2005 (12:51 pm)
I would like to know if I can get out of lease agreement before I sign the leasing papers and take possesion of the car?
The lease is for a 2005 Honda CR-V EX and after leaving the dealership with my head spinning, I realized that I was going to pay $2,000 over invoice for the car (Down payment + 36 lease payments + residual valve)
I know with a mortgage there is a 3 day right to rescind. I hope the same is true with this contract. Thanks
#23821 of 23872
Re: Can a Lease be rescinded before the car is picked up. [thuelbig] by stuartbonia
Sep 14, 2005 (2:35 pm)

Replying to: thuelbig (Sep 14, 2005 12:51 pm)

You will need to research your state law to see if it can be rescinded.
 
Your (Down payment + 36 lease payments + residual valve) is $2,000 over over invoice includes some other charges. You have plates, doc fees, interest on the lease payments and other things.
 
Look at the capitalized cost and the down payment to see what you are paying for the vehicle.
#23822 of 23872
Re: Can a Lease be rescinded before the car is picked up. [thuelbig] by jb_turner
Sep 14, 2005 (2:36 pm)

Replying to: thuelbig (Sep 14, 2005 12:51 pm)

As long as you have not signed the pertinent documents you can back out.
With automobiles there is no right to rescind.
#23823 of 23872
thanks genegray & car_man by dphantom
Sep 14, 2005 (3:15 pm)
Thanks guys for your inputs and suggestions. At least I know what to do next...probably I better of wait till my lease end then get a new or used car.
Now i'm thinking of buying not leasing anymore...it seems that it will end up paying more in lease than buy. Well, Thanks Again guys for your help!
#23824 of 23872
Re: thanks genegray & car_man [dphantom] by kyfdx HOST
Sep 14, 2005 (3:30 pm)

Replying to: dphantom (Sep 14, 2005 3:15 pm)

Have you taken delivery of the car?
 
Until that happens, you can get out of just about any car deal...
 
regards,
kyfdx
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#23825 of 23872
325i Lease Residual??? by crock22
Sep 14, 2005 (6:38 pm)
Car Man, can you tell me the residual on a 2006 BMW 325i sedan 36months/15K. Can you also calculate a lease payment for me for a MSRP of 35K? Thanks

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