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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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Wow -- that's a pretty SHADY looking deal if ya ask me ! You are basically paying sticker, except for that WHOPPING $12 cap reduction !!! And, if that's the case, you are listing $2783 as your drive off amount - WHAT does that include ?? Since you then list the $550 bank fee after that -- so I HOPE that's included in that $2753 - even if it was, and you really MADE that AWFUL $997 monthly payment, we're still only at $1547 -- where is the difference coming from - I'm guessing the fees you listed make it up, but come on, a DMV fee of $1123 ?? They gotta be kidding !!! That drive off amount seems WAY too high ! You list the MF (money factor) at .2350, I'm ASSUMING you meant .002350, which equates to around 5.64% APR .. I believe Infiniti's base Money Factor is .002 which should be 4.8% APR ... why didn't they use that ??? The $900 up front for the excess miles really isn't bad, but I'd definitely NOT do this deal -- you are paying just about FULL MSRP, and I can't see having a $900 a month LEASE payment -- OUCH !!! According to this dealer, what would a monthly PURCHASE payment be, like $1500/mo ? LOL! |
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| Car_Man, if you would be so kind as to post the Toyota MF & residuals for a 36 & 39 month lease with 15K miles? Thanks in advance, Edmund. Also I eagerly await what you find on the Mazda 6 as well! | |
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What is considered normal versus "excessive wear?" I under stand the vehicles are to be returned without cosmetic blemishes, dents and dings, fabric stains etc.. Suppose to lease car for 45,000 miles and the car has tires that are rated to last 50 or 60,000 miles. Are you supposed to put new tires on the vehicle before you return it or will they charge you the cost to recondition the car with new tires, brake pads, battery or other items not listed in the normal scheduled maintenance requirements that are wearing out at that mileage when you return the vehicle? What if you get a rock chip in the windshield and you get the chip repaired (which is still visible)? Most auto insurance companies wil not cover replacing an entire winshield over a rock chip. Will the the lease company expect you to have the windshield replaced at your expense and so on? |
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Hi burrsr. Volkswagen will likely at least continue the special financing offer that it was providing on its vehicles in October. I should be able to find out exactly what its new program is like this weekend. Please feel free to check back with me then with a quick reminder and I will be more than happy to fill you in on what I have been able to find out for you. Car_man Host Smart Shoppers / FWI Message Boards |
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Thanks for the information, kyfdx. I always appreciate feedback from consumers who have leased in the past. I guess that the exact policy on this matter varies from bank to bank. Thanks again. Car_man Host Smart Shoppers / FWI Message Boards |
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Hello newtisme. I would be more than happy to give you an idea of what the lease program should be like on the car that you are interested in. If you were to lease a 2004 Infiniti FX45 through Infiniti Financial Services this month for 3 years with 15,000 miles per (IFS does not publish residual values for leases with more miles than that. If you need more you will have to buy them on a per mile basis) its base lease money factor and residual value should be .00200 and 53%, respectively. You may want to consider leasing this car for 39 months instead of 36 months. Doing so will likely provide you with a slightly lower lease payment. Its 39 month money factor is exactly the same, but its residual value would slip to 52%. Let me know if you would like me to calculate a sample lease payment on this vehicle for you. Car_man Host Smart Shoppers / FWI Message Boards |
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Greetings jerhot. I would be more than happy to give you an idea of what this van's lease program should be like right now, but first I need you to tell me how long you plan on leasing it for. Once I have this additional information I will be able to help you out. Car_man Host Smart Shoppers / FWI Message Boards |
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Hi Edmund. Toyota's lease program varies by region. In order for me to give you an accurate idea of what its current numbers for the Matrix are like, I need you to tell me what state you plan on leasing this car in. Car_man Host Smart Shoppers / FWI Message Boards |
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Good morning, s852. The guidelines as to what is considered to be excess wear and tear vary from bank to bank. You would not necessarily be required to put new tires on your leased vehicle once you put a certain number of miles on it. When evaluating leased vehicles at the ends of their terms most banks measure the remaining tread on cars' and trucks' tires and charge a penalty if they have less than .XX" of tread remaining. Again, the exact amount of tread that needs to be left to avoid a penalty varies from bank to bank. You should be able to find out your bank's exact policy on this matter by visiting their Web site or by giving them a call. Car_man Host Smart Shoppers / FWI Message Boards |
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