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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'd have to see how your residual aligns with current market value for the MDX. If they're pretty close, then the 3 year old MDX should be worth more in three years (at age 6) than the new Explorer, simply because a vehicle will lose a larger % of its new sale price in years 1-3 than in 4-6. | |
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First of all, How are you? It's been about five months now and the allroad is great. Thank you so much for your wit and wisdom. So great in fact, my wife has confiscated the car, and refuses to give it back. Her car lease is up so I'm looking for a car for myself...AGAIN! I'm looking at another allroad, this time a 2.7T 6 speed, or a 4.2 Tiptronic; 39 months, 15K/yr. What are the residuals and money factors for these two automobiles for the month of November? Always a pleasure, JB |
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I have a question for any one here who can help. If an individual has a lease on a car and is in the National Guard and is being activated to be sent to Iraq what is their legal obligation as to the lease. Can it be terminated? If law varies by state I am interested in the law in Maine. If anyone can answer this quickly I would appreciate it. If you can respond to my e-mail it is ssj1952 yahoo.com. Thanks.
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They would probably not lease to people in the reserves if reservists could cancel their obligations if they got deployed. What a massive risk to the Leasor. It's not like an apartment where the landlord might have a good chance of getting a new tenant if the first tenant moves out early. This is something the person leasing should think about before leasing. "What if I lose my job? What if I need to move?" |
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Car Man, While we're at it, let's also look at theVW Passat W8 4 -motion wagon, and the BMW 525 wagon. Both at 36/39 months, 15K mile/yr. Thank you so much, and it's reassuring that you're still here to help. JB |
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You're welcome, rbr. Yeah, yesterday was a busy one. I'm glad that you find the information that I provided you with so helpful. Here is the information for the Saab that you are interested in. If you were to lease a 2004 Saab 9-5 Arc Sedan through Saab Financial Services Corp. this month for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00037 and 48%, respectively. In addition to this special lease money factor, Saab is providing $2,000 lease cash on this model that may be used to negotiate a lower capitalized cost. Car_man Host Smart Shoppers / FWI Message Boards |
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No problem, brucee. Ahhh, I thought that you meant that you were considering purchasing a used Explorer. This changes things a little bit. It's difficult to say which vehicle will be worth more down the line, but a new Explorer is certainly more attractive than a used one. For me personally this would be a toss up. Take the Explorer out on a test drive and see what you think of it. If you like it you may want to consider going with a new vehicle that has a full warranty. You really can't go wrong by picking either one. Car_man Host Smart Shoppers / FWI Message Boards |
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You're very welcome, jerhot. I am sorry to say that I have not seen American Honda Finance Corp.'s 42 month numbers for this particular model. I can tell you though that the money factor and residual value definitely will not be the same as the 36 month information that I provided you with earlier. Its base lease money factor for a 42 month lease will be either .00215 or .00200 and its resid will be lower. A 42 month, 12,000 miles per year lease would come with a total of 42,000 miles. As far as 12,000 miles per year leases go, to convert the 15,000 miles per residual values that I provided you with to 12,000 residuals add 2% to them. Car_man Host Smart Shoppers / FWI Message Boards |
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You're welcome, earcom. Kyfdx is right (thanks by the way) for AHFC leases that are longer than 3 years one needs to add 2% to 15,000 miles per year residual values to convert them to 12,000 miles per. Car_man Host Smart Shoppers / FWI Message Boards |
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Look like it going to come down to either getting another Saab or the Accord; just wish Lexus had something better going on -- I hate to pay $100+/month interest. I still might simply purchase the Accord as well. Nonetheless, thanks again -- for the first time ever, I feel like I'm fully "armed to do battle," so to speak! I'll report back with the results probably by the weekend. |
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