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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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Replying to: thuelbig (Sep 14, 2005 12:51 pm) 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. |
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Replying to: thuelbig (Sep 14, 2005 12:51 pm) With automobiles there is no right to rescind. |
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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!
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Replying to: dphantom (Sep 14, 2005 3:15 pm) Until that happens, you can get out of just about any car deal... regards, kyfdx Host-Prices Paid Forums |
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| 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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Replying to: Car_man (Sep 14, 2005 2:11 am) 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 |
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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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Replying to: kyfdx (Aug 26, 2005 7:27 am) This is the most important thing anyone needs to know about leasing." Ok, since you apparently didn't see my question, let me suggest that this statement is utter nonsense. Obviously one of the strongest inducements to lease has always been the prospect of driving a car you couldn't otherwise afford for less money. Exactly what is the logic behind your silly assertion to the contrary, other than some elitist notion about the unwashed driving the good stuff.......
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Replying to: delrick (Sep 15, 2005 5:34 pm) This is the most important thing anyone needs to know about leasing." [..] Obviously one of the strongest inducements to lease has always been the prospect of driving a car you couldn't otherwise afford for less money. Exactly what is the logic behind your silly assertion to the contrary, other than some elitist notion about the unwashed driving the good stuff....... The benefits of leasing are: - Don't have to worry about selling the car. - Don't have to pay tax on residual [most states]. - Don't have to worry about diminished value following a collision. - Some cars are in fact cheaper to lease than to buy. The danger is that for whatever reason, you'll wind up in a changed situation where you have to drive a lot of miles, or you move abroad and need to end the lease, or your three-year-old pours Elmer's white glue down the AC vents of your 530i. When "stuff" happens, it can cost a bunch of extra money to get out from under. That is why you can't afford to lease cars you can't afford to buy. Elitist notions have nothing to do with this. We're not snobs here, which you'll see if you spend some time reading. -Mathias.
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Replying to: steine13 (Sep 15, 2005 5:46 pm) In fact among the myriad reasons for leasing, one of the strongest has always been the ability to acquire a better vehicle for less money. I suppose there is a subtle distinction here between costing less money and ability to afford, but I submit that the same litany of things that can go wrong is equally applicable to financing a purchase.. So perhaps your point is unless you can pay cash for a car, walk. |
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