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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: dpav (Sep 17, 2005 5:17 am) In NY, you multiply your monthly payment by the tax rate (ie, you pay tax on only your depreciation portion, but also on the interest as well). In NJ, you calculate your total tax by multiplying the tax rate by the depreciation portion (selling price - residual). Then you spread that over the term of your lease. ie, no tax on interest. |
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Hi allinde. I am a little confused by what you mean by "Due to an issue with forged second lease on this car." Are you saying that the dealer that you are working with gave you a better than normal deal on your current lease because you caught them trying to cheat you the first time around? Individual dealers do not have the authority to alter banks' published residual values, so it is not possible that the dealer that you are working with gave you a lower than normal residual on your Grand Cherokee. The only thing that they could have done for you is to lower your truck's selling price, which would in turn lower your lease payment on it. If your leased vehicle is indeed worth more on the open market than you would have to pay for it then it would be a good idea to purchase it and try to sell it on your own or trade it in on your next new vehicle. Car_man Host Smart Shopper / Prices Paid Forums |
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Hello krwest1. I am sorry to say that I have not seen Mazda's lease program for the 2006 MX-5 yet. Sorry that I could not be of more help. Car_man Host Smart Shopper / Prices Paid Forums |
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You're welcome dfosher. You are correct, BMW is not currently providing any sort of lease support on the '06 325xi. So if you were to lease one through BMW FS, you would have to use its standard lease money factor of .00280. Dealers do not have the authority to lower BMW FS' buy rate for this car, though they may try to mark it up to add additional back-end profit to your deal. Now that you know what the base factor is for this car, you can prevent this from happening. BMW's current lease program for this car is scheduled to run through October 31st, so unless it makes an unscheduled change this is the program that you would have to use to lease this car next month as well. Car_man Host Smart Shopper / Prices Paid Forums |
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Hello thuelbig. there is no three day recision period with new vehicle lease contracts, however as long as you have not physically taken delivery of your new vehicle you should be able to get out of your lease. Once you drive it off of the lot, you're stuck with it. Car_man Host Smart Shopper / Prices Paid Forums |
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Greetings crock22. According to the latest information that I have seen, if you were to lease a 2006 BMW 325i through BMW Financial Services right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00250 and 61%, respectively. I would be happy to calculate a lease payment on the car that you are interested in for you, however in order for me to do so I need you to provide me with an approximate selling price for it. You should be able to find out approximately how much you will have to pay for this car by visiting the following discussion: "BMW 3-Series: Prices Paid & Buying Experience". Car_man Host Smart Shopper / Prices Paid Forums |
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It's strange that the dealer that you are working with added in a destination charge when you asked him how much you would have to pay to purchase this car instead of lease it because even consumers who lease have to pay destination. A credit score of 620 probably does not qualify for Honda Finance's top credit tier. Honda's base factor for a 42 month lease of this car for a consumer who does qualify for its top credit tier should be around .00235. I am not sure exactly what its factor should be like for you though. At lease signing, consumers usually have to pay their vehicle's first month's payment, a security deposit equivalent to their vehicle's payment rounded up to the nearest $25 or $50 increment, their bank's lease acquisition fee (Honda's is $595), and any required state taxes or fees. Any sort of documentation fee that you are charged goes straight into your dealer's pocket and really is nothing more for them to add additional profit to your deal. Car_man Host Smart Shopper / Prices Paid Forums |
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Hello aggietx. Honda is not currently providing any sort of lease support on the 2006 Accord, as a result, if you were to lease one through Honda Finance, you would have to use its standard lease program. Its current 36 month, 15,000 miles per year buy rate money factor and residual value for a lease of a 2006 Accord EX-V6 with Navigation should be .00255 and 55%, respectively. The numbers for an otherwise identical 39 month lease should be .00255 and 50%. The numbers for an otherwise identical 48 month lease should be .00235 and 44%. Car_man Host Smart Shopper / Prices Paid Forums |
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Hey foolsquirrel. Yes, VW Credit's lease program for this particular car and lease terms are exactly the same this month as they were last. Unfortunately, I do not know what its money factor for this model would be for consumers who do not qualify for its top credit tier. The only way that I can think of to keep a dealership honest about what credit tier you qualify for is to comparison shop with a few other dealers in a short period of time. Car_man Host Smart Shopper / Prices Paid Forums
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Hi jmezz. The selling price that you were quoted for this car is reasonable, but there still may be a little room left to negotiate. You may want to stop by the following discussion to see how much other community members have paid for similar cars recently: "Infiniti M35/M45: Prices Paid & Buying Experience". I just worked up a normal lease payment on this car for you and according to my calculations, your zero down, pre-tax monthly payment for this vehicle should be around $642. I used a money factor of .00194 and a residual value of 58% to arrive at this payment. I am not sure how much of a reduction Infiniti Financial Services provides for each additional security deposit, but you may want to ask your dealer. Car_man Host Smart Shopper / Prices Paid Forums |
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