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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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#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Can a Lease be rescinded before the car is picked up.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Re: Can a Lease be rescinded before the car is picked up.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You will need to research your state law to see if it can be rescinded.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Re: Can a Lease be rescinded before the car is picked up.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
Host-Prices Paid Forums
#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
#23826 of 23872
Re: 2005 Accord LX Coupe Special Edition (4cyl) [Car_man] by karannarang
Sep 15, 2005 (4:40 am)

Replying to: Car_man (Sep 14, 2005 2:11 am)

Hello Car_man
 
The MSRP on the car is $21,440. The invoice price on the car is $18,834. He quoted me $17,650 including destination at first since I was asking about leasing. Later when I asked him what it would cost me if I was buying the car he added $515 for destination. When I asked him about the monthly payment with $1500 down, he came back saying that it would be $256 + taxes for 42 months.
 
He also refused to give me the money factor and said that it depends on my credit. After approval by AHFC he said that my monthly payment will be at least $20 higher since my credit is Fair (620).
Is it really a good deal? Also, I am really confused about all the other fees and charges like dealer documentation, lease initiation, etc. Please tell me what I can negotiate with and what I cannot. I am going to spend a good portion of my day trying to educate myself. I would really appreciate any help. I need to finalize the car soon ( like today or tomorrow)
 
Thank You
#23827 of 23872
06 Accord by aggietx
Sep 15, 2005 (5:27 am)
Car Man,
 
Would you provide me with the Residual & MF on an 06 Accord EX-V6, 6speed with Navi based on 15,000 miles and a 36, 39, 48 month term.
 
Thanks.

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