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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
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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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Hi Sean. BMW Financial Services' buy rate lease money factor for the 2006 530i is currently only .00175, so it appears to me as though the dealer that you are working with may be trying to mark-up BMW FS' buy rate to add additional back-end profit to your deal. Make sure that you insist that BMW's buy rate money factor is used to calculate your car's lease payment. It is difficult for me to say exactly how much the dealer that you are working with is making on this car without knowing its exact invoice price, but if I had to make an educated guess I would say that you are paying around $2,000 over invoice. I am not personally familiar with what the market is like for this car in your area, but there may still be some room left to negotiate. You may want to stop by the following discussion to see how much other community members have recently paid for similar cars: "BMW 5-Series: Prices Paid & Buying Experience". Car_man Host Smart Shopper / Prices Paid Forums |
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Hi: I'm considering trading in my QX4 (2002) for 2005 g35x lease. The local dealer has g35x w/o premium package but with some dealer add ons with a sticker price of 34610. He then has a "discount" to 32945. MSRP is 32800 w/o add-ons. Invoice is 30, 167. As of yesterday, there are 5 or 6 of these on the lot. (Also has a couple with premium pack). Lease deal being offered has bid downpayment $4700, 10K miles (which is fine for me); 3 years, residual 59% . Rules in monthly payment of $330. I have a few questions, and would appreciate thoughts on any of them. (I haven't leased before) This would be my 3d infiniti. 1. Does leasing affect the price received by the dealer? If not, shouldn't I be able to get close to invoice on the sales price? (Is is common to ignore the add ons, which I wouldn't have requested?) 2. I think there may be some funny business with the lease offer. I would have expected a residual with at least a 12 K lease. Apparently the actual residual experience of the G35s is about 61%. By reducing the lease to 10K, is the dealer just trying take an excess profit on the back end? (Note: 10K is fine for me, but should it result in a higher residual than a 12K?) 3. Alternatively, the dealer may be playing games with the interest rate on the lease. He indicated that the apr for the lease was $2.5% (which translate to a money factor of .00105). Is it possible to disguise a higher interest rate by deflating the residual? 4. What is the likelihood of getting the blue book value on my trade in. The infinity dealer has already offered 17K. (Sales agent said that they took of 1k because is needs a bit of reconditioning. I think this is BS. The reason bluebook is less than private sale estimates is to account for reconditioning costs.) I have an offer of 18K from a Nissan dealer. Blue book is 18.5 K. (My QX4 has less than 30K miles. Comparable dealer pricing seems between 24 and 26K, so even at blue book he has plenty of room). Thanks for any thoughts. I have posted this on some infiniti threads, but this seems to be the most active. Best, glk |
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Here is the information that you are looking for cmks02. According to the latest information that I have seen, if you were to lease a 2006 Freestyle Limited, FWD, w/o Nav through Ford Credit right now for 24 months with 12,000 miles per year, its base lease rate and residual value should be 2.0% and 65%, respectively. The numbers for an otherwise identical 36 month lease should be 3.0% and 54%. The numbers for an otherwise identical 36 month lease should be 5.0% and 47%, respectively. If you were to lease a 2006 Explorer Limited 2WD through Ford Credit right now for 24 months with 12,000 miles per year, its base lease rate and residual value should be 2.75% and 59%, respectively. The numbers for an otherwise identical 36 month lease should be 4.0% and 50%. The numbers for an otherwise identical 36 month lease should be 5.25% and 40%, respectively. When negotiating your leases on these trucks, make sure to take the $2,000 lease cash that is available on the '06 Explorer and $500 on the '06 Freestyle into account. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi dpav. Different states use different methods for calculating sales tax on leased vehicles. There are three main methods of doing so (I suppose that you could say that there are four if you count the states that don't charge sales tax at all). In the first, the state taxes the payment and down payment. Most states, including Florida, Georgia, Missouri, Connecticut, and California use this method. The second way is to tax the entire selling price of the vehicle. This is how sales tax is calculated on leases in states like Illinois, Texas, and now Ohio. Lastly, some states only tax the depreciation portion of leases. This is tax is calculated on leased vehicles in New Jersey. Car_man Host Smart Shopper / Prices Paid Forums
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Hi Ning. I believe that I already answered this question for you over in the specific Honda Accord Lease Questions discussion that appears on the Prices Paid Board. Please check there for my response. Car_man Host Smart Shopper / Prices Paid Forums
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