Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
Madlog1, thanks for the heads up about the long wait for the TT. It's not surprising that this car is difficult so get a hold of given its popularity right now. Did you get one with an automatic or manual transmission? I ask because rumor has it that Volkswagwen, and therefore Audi, currently has a serious shortage of automatic transmissions and that anything with one is difficult to find without a wait. Car_Man Smart Shoppers / FWI Co-Host
|
|
|
Aaronmattison, when you say that you have the chance to assume a lease on a "GLE" do you mean a Nissan Maxima GLE? This doesn't sound like that great a deal to me. Also, I personally would be slightly leery of assuming a 48 month lease on most vehicles. I say this because one of the major perks of leasing a vehicle for 24 or 36 months is that it is covered by its original factory warranty for the duration of your lease. If you assume this lease you will not have any warranty coverage for the last year and will be responsible to repair anything that goes wrong or possibly face a lease-end penalty for excess wear and tear if you don't. Prior to agreeing to assume this lease, I suggest that you visit a couple of other Nissan dealerships and price how much it would cost you to lease a brand new Maxima GLE. You may find that the difference in payments is not great enough to justify going with the used car over a brand new one. Car_Man Smart Shoppers / FWI Co-Host |
|
|
Hi ajg2. Unfortunately, the only 2001 Lexus that I have seen the lease program for yet is the IS 300. Still it is very safe to say that Lexus does not have any lease support on either the 2001 GS 300 or GS 430. So if you decide to lease either of these cars through Lexus Financial Services right now, you will have to pay their standard lease money factor of .00390 for all terms. As I mentioned I haven't seen the exact LFS residual values for these vehicles, but if I had to guess I would say that the 2001 GS 300 probably has 15,000 mi/yr residuals of about 63% for 24 months, 56% for 36 months, and 49% for 48 months and the 2001 GS 430 probably has slightly higher residuals of around 65%, 57%, and 51% respectively. Again these are just estimates and may very well vary slightly from Lexus' residuals for these cars. Car_Man Smart Shoppers / FWI Co-Host |
|
|
Hi spontaneous. Yes, Nissan Motor Acceptance Corp does have a One Pay lease program that allows consumers to pay their entire lease in advance. I believe that their program provides lease money factors of between .00215 (about 5.1%) and .00275 (about 6.6%). These rates don't seem that great to me. Make sure to check with someone at the dealership that you are working with to see how much money paying for your entire lease in advance will save you for certain, but in my opinion it doesn't appear to be worth it for most Nissan vehicles. Car_Man Smart Shoppers / FWI Co-Host |
|
|
SteveJoe, yes I have finally seen the new Acura lease program. Not surprisingly, there still is not any lease support available on the 2000 or 2001 TL. So, if you decide to lease one through American Honda Finance Corp., Acura's captive finance company, for 36 months you will have to pay their standard lease money factor of I believe .00355 for that term. The AHFC 36 month 15,000 mi/yr residual value for this car with the Navigation System is currently 60%. I hope that this info helps you out. Car_Man Smart Shoppers / FWI Co-Host |
|
|
Hi Dave. The main problem with leasing a high priced sports car like the ones that you mentioned (911, Viper, or M5) is that manufacturers do not need to provide any lease support to help move these low volume cars. Porsche for instance often has a waiting list of potential customers at dealerships. As a result if you decide to lease one of these vehicles through their manufacturers' financial arm you will usually have to pay their standard lease money factor. This will probably be around 9% or a little less right now. If you don't mind the high interest rate, then leasing a sports car is a viable option. The only really high performance car that I can think of that usually has lease support available on it is the Acura NSX. Car_Man Smart Shoppers / FWI Co-Host |
|
|
Gregg, at this point Volkswagen only has lease support on its 2000 models. So, if you want to lease a 2001 Jetta through Volkswagen Credit you will have to pay their standard lease money factor of .00350 for the terms that you are interested in. Car_Man Smart Shoppers / FWI Co-Host |
|
|
Car_man, Can you please provide money factor and residual information for a 2001 Audi A6 2.7T. I'm looking for a 3 or 4 year lease at 12,000 miles per year. Thank you. |
|
|
Hi ajg2. I would be glad to help you out. If you lease an Audi A6 2.7T quattro (great car by the way) through Audi Financial Services prior to October 3rd, the 36 month lease money factor will be .00260 and the 48 month lease money factor will be .00280. The corresponding 12,000 mi/yr residual values for this car are 59% and 52% respectively. Car_Man Smart Shoppers / FWI Co-Host |
|
|
I was hoping I could get some feedback on a current lease deal I'm considering .... The deal I'm being offered is slightly better than another one I had about a week ago. Here goes: $342/mo (TAX INCLUDED)  39 months$2000 due at lease signing (tax and inceptions are all included - roughly $600 is inceptions, $1400 is cap cost reduction) .... I did notice there is NO security deposit and NO bank fee through this bank ... I saw an ad in the paper for $299/mo (PLUS ttl) for 36 months .. but $4000 was due at signing -- I don't think this is really a good deal, and mine is probably still better ... No other dealer has been able to touch the $342/mo deal. Here is the small problem I have. The lease on my 98 Honda isn't up until December .. so, I have 3 payments left of $350 ... not to mention, I'm a few thousand miles over the mileage, the $250 disposition fee and I'd still have to pay insurance on BOTH cars if I kept the Honda ... The Acura dealer would require an ADDITIONAL $1500.00 down to 'pay off' the Honda ... really kinda confused as to what I should do ... Also, my lease is through First Union, who is now OUT of the Auto Leasing Business, so they've already told me there's really no flexibility ... Oh, by the way -- could anyone tell me how much insurance you pay on your CL ? As we all know, it's NICE and expensive here in Jersey -- I got a quote of $2100 per YEAR for the CL -- $300 more than my Honda ... WHAT SHOULD I DO ??? I'd really appreciate all your input - thanks ! |
|
You are here:
Forums
Smart Shopper Smart Shopper-Archives Lease Questions - Ask Here
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
