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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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You're welcome, rowemowe. While many vehicles' lease money factors do indeed vary depending upon the length of the lease one is interested in, that was not the case with Lexus' lease program for the RX330 last month. The reason why the 39 month lease would have a lower payment than the 36 month lease is that even though the 39 month term has a slightly lower residual value, by leasing for the longer term you are able to spread the huge depreciation hit that vehicles experience during the first 12 months of ownership over a larger number of payments. As far as the additional mileage goes, purchasing additional miles at lease signing does not lower your vehicle's residual value. By paying $.15 per mile, or whatever Lexus Financial Services charges, you are paying for all the depreciation that your vehicle will experience up front. Car_man Host Smart Shoppers / FWI Message Boards |
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Hi Clay. I haven't seen BMW's November lease program yet. I suspect that I will have had an opportunity to take a look at it by the end of the week. Please feel free to check back with me then and I will let you know what I have been able to find out. Car_man Host Smart Shoppers / FWI Message Boards |
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Hello Edmund. Great name by the way (get it Edmunds.com  ). I haven't seen Mazda's November lease program yet. I would be more than happy to give you an idea of what this car's program is like once I have had an opportunity to take a look at it. Please check back with me late this week and I will let you know what I have been able to find out for you. Talk to you then. Car_man Host Smart Shoppers / FWI Message Boards |
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I am looking to purchase (traditionally finance) a 2004 Passat GLS Wagon 1.8T 5M in the next month or so. VW had some attractive APR (1.9%/36, 2.9%/60) and manuf-to-dealer incentives ($500) in October, but they did not seem to carry through to November. Do you know if VW plans to offer incentives later in the month of November on 2004 Passat Wagons? Or, perhaps offer some year-end incentives in the month of December? I apologize for askng a traditional financing question in a lease board. Thanks in advance. |
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I'm not sure how Lexus FS works, but when I did an 18K miles per year lease with AHFC, a per-mile charge was assessed, but it did indeed lower the residual by that amount. Rather than pay it up front, they just used the lower residual, increasing the monthly payment. On my 36mo/54K lease, the residual was lowered by $900 (.10/mi multiplied by 9000 miles) This actually resulted in my per mile charge being lower than $.10, as I saved approx. $2.15/mo in finance charge, due to the lower residual. I think when I figured it all out, I was paying about 9.2 cents per mile extra. I've done this with 3 different AHFC leases in '94, '99, and '01. The first was an Acura, and the other two were Hondas. Other companies are probably different.. thought you might be interested in how AHFC does it. regards, kyfdx |
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Hi CLPurnell has been very helpful -= suggested I write to you for this info. I want to lease a loaded '04. estimate 20K miles/year, 36 month term. What do you know, and what do you suggest? MSRP is 53,980, Invoice is 47,904 Many thanks newtisme  comcast.net
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Hi, Here's the data: Basic MSRP 44,375; Invoice 40,144 Options MSRP 9060; Invoice 7215 Total MSRP 53,980; Invoice 47,904. Lease quote 36 month term, 8.25%sales tax: MSRP 53,980 Cap reduction 12.54 NCC = 53,967.46 MF = .2350 Excess miles = $900 ( I asked for 20K/year) Net Residual 27,709.40 Total Deepreciation 26258.06 T-sls tax on Pmt 2736.35 T-Sales tax 50.12 Est Tot Lic Fee 3369.00 Total Payments + Res = 63,613.64 DMV Fee 1123 Doc Fee 45 State Fees 5 Mo. Rent 191.94 Mo. Depreciation 729.39 Mo Sales Tax 76.01 Mo. payment 997.34 Drive off - 2783 Acq Fee 550.00 Can you analyze this and give me your feedback? Many MANY thanks!! Rick |
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| That seems like an awful lot for a FX45. You could try talking to a Porsche dealer on a Cayenne. I've seen some ads for a Cayenne S for around $700/mo (I do not know the details of that lease program though). | |
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Hi, I am looking to lease an '04 Honda Odyssey EX-L Res. Can you give me Honda's current numbers on this lease, including the residual and the money factor? I can easily do 12,000 miles a year. I don't suppose Honda would do 10,000? Thanks! |
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| Remember, this is a 20k a year (!) lease. Those $700 leases on the Cayenne are probably promo 10k miles a year leases. | |
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