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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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Really? Thanks for the information, Jim. Where do you live? Car_Man Smart Shoppers / FWI Co-Host |
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Hi car_man Can you help with the money factor for the 2001 saab 9-5 lease; advertised at $439 per for 36 months, 12,000 mi. Is it a better deal than can be had on a Acura TL lease? thanks |
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| In PA. But I think it is a national program. Let me know when you get the new leasing figures. | |
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just ended my 2 year lease on a 1999 tahoe a couple of months ago. Went looking at new tahoe's and what a difference in prices. The 99 was 404.00 per month for 24 months with 12,000 miles per year with no money down and loaded including sales tax but not property tax. This new one I looked at was 575.00 per month on a 36 month lease with no money down. So I was wondering if there was any other options that would be a very good lease value on a 2001. I need the suv with 4 wheel drive for my business. I also need the room in the back. thanks for any info |
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| I'm looking to lease an Audi A4 1.8T with Quattro, Sports Package, Premium Pkg., and metallic paint. The MSRP is 29,240. I was wondering if you could provide the residual value (48 month lease, 12,000 miles/year) and money factor. Is Audi offering any lease programs right now? What do you think is a fair selling price for the car? I'm in Southern California, if it matters. I was also wondering if I can save on interest by making a bigger down payment, or is interest figured on the whole depreciation, and that is that? Basically, I'd like to have payments of around $250 a month, and I can make whatever downpayment I'd need to in order to make it happen... Thanks. | |
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To any community members who are interested in the latest lease programs, Given the fact that this is the beginning of a new quarter, the majority of the lease programs for manufacturers' captive finance companies recently expired. I should have the latest lease information by mid-week, probably Wednesday evening. Please feel free to check back with me then for answers to your questions. Thanks. Car_Man Smart Shoppers / FWI Co-Host |
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I purchased a VW GTI VR6 in May 2000. I got the car for invoice + $500 (around $21K) and purchased it on a 3 year, 12,000 mile lease, with $3900 down payment. My repayments are $369/month + Tax. I think I got a really bad deal on the lease, can anyone verify how much a month the lease payments should be based on these figures? Also, any ideas of what I can do to renegotiate the lease - the dealer doesn't seem interested! Thanks in advance, Mike. |
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the loan your credit union is offering is simply a balloon note with a few new twists. it works like this: 1 -the balloon amount is set equal to the residual value. you can find the residual amounts for various terms at carwizard.com 2 - when the balloon comes due you have the option to pay the balloon, refinance, or return the car like a lease(usually with a nominal fee say, $300) regarding your question about calculating payments;the payment amount is the sum of two calculations. the first is the amount required to amortize the depreciation over the loan term. this is the difference between the loan amount and the balloon amount. figure it just like you would for a regular loan, use the 9% rate your credit union gave you. the second calculation the the cost to carry the remaining value of the vehicle. simply multiply the balloon amount times the interest rate to get the annual cost to carry and divide by 12 to find the monthly amount. add the amount from the first calculation and the amount of the second calculation and you'll be within a $4 or $5 of the monthly payment. some differences will occur depending on the accrual methodology and rounding. i have used this type of loan for four years and purchased three cars in that time. it is my favored means of financing. generally the credit union rates can't be beat unless there is a special lease/finance offer from the manufacturer. you have the payment that is lower, like a lease without some of the restrictions a lease may place on you. my credit union p;aces gap insurance on these loans automatically and is great to deal with. i generally apply for the loan and receive a sight draft that i can take to the dealer and negotiate as if i was paying cash. it removes a variable from the negtiation equation. good luck! |
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| Is there any way to break a lease, or is like a sales contract, very hard to get out of it, thanks | |
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Rgreasy, it isn't necessarily hard to get out of a lease way before your scheduled termination date, but it is very expensive to do so. When you agreed to lease your current vehicle, you signed a legally binding contract to pay the bank that you are going through a certain amount of money over a specific period of time. They are going to want all, or at least a significant portion of the money that you are obligated to pay them. Most of us would if we were in their shoes. Given the glut of off-lease vehicles that most lending institutions are forced to deal with, the last thing they want is your car back early. Car_Man Smart Shoppers / FWI Co-Host |
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