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Smart Shopper Current Best New Car Deals
192 messages, Last post on Aug 30, 2008 at 10:03 AM
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Thought I'd bring some life back to this thread...! What does everyone see as some of the best lease deals currently out there? I'm specifically looking for a Crossover/Midsize SUV, but I'm not particular about the actual brand. The two best deals I've found (for a 24 month / 12k lease / 0-down) are: 1. 07 Infiniti FX35 ($500-$530/month), $40k-$43k MSRP 2. 07 BMW X3 ($510/month), $42k MSRP Surprisingly, these handily beat a number of other lower MSRP car options. 1. Trailblazer (~$560/month), $32k MSRP 2. Nissan Murano (~$570/month), $38k MSRP Any other suggestions of SUVs or 4WD sedans that have a better $month/MSRP ratio than the BMW and Infiniti?
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I'm in process of buying 2007 Sentra SL $17,200 after 1K in rebates. My dilemma is that their finance guy tells me that one of the rebates is tied to financing thru Nissan.No problem great rates and I have great credit. He then states that in order to get the rebate I have to purchase a $599. Gap policy. I told him that the rebate doesn't say that and he says he will check with his district manager. The car is due in Monday. I like the idea of Gap insurance,I like the rebate but not the price of it. Does anyone know whether this rebate is really tied to obtaing a Gap policy? Nissan Corp keeps referring back to the Dealership for that answer.
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Replying to: janda1 (Jul 14, 2007 7:46 am) Is the Nissan financing rate really all that good? Tying the rebate to it suggests it may be a relatively high rate. You might do better overall by arranging financing elsewhere. |
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Replying to: aepheme (Jul 13, 2007 6:30 am) '07 Volvo XC70 ($42,950 MSRP) - $399/Mo. for 24 months with $1399 at inception/10.5K miles per year and '07 Volvo XC90 3.2 ($45,075 MSRP) - $449/Mo. for 24 months with $1499 at inception/10.5K miles per year.
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Replying to: cccompson (Jul 14, 2007 4:19 pm) We stopped by a number of dealerships today and asked them if they could come close to the MSRP/$month ratio that Infiniti and BMW are offering ($42,000/$500) = 84... They all gave a resounding NO! I was amazed that most couldn't even get close. Here are some examples: Honda Pilot LX 4WD: $610/month Honda Pilot EX 4WD: $670/month Kia Sorento: NO 24month lease option Audi / VW Dealership: Said they couldn't get close! Jeep Dealership: The Same. Mazda Dealership: The Same. Subaru Dealership: The Same. Chevrolet Dealership: The Same. The only one that got moderately close was the: Chrysler Pacifica AWD: $492/month ($36k vehicle) And that's still as not as good! Any other suggestions out there? I'll have to check out the Volvo further...
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Replying to: janda1 (Jul 14, 2007 7:46 am) Personally, I would pass on the $599 Gap insurance from your dealer. If you feel you need it, check with your insurance agent. Some insurance companies sell gap insurance. The nice thing is it's cheaper and you can cancel it once you are no longer upside down on the loan. What are the terms of the loan and how much are you putting down? |
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Replying to: aepheme (Jul 14, 2007 6:58 pm) You know that just means the MSRP is highly inflated or the residual is highly inflated. A 40,000 dollar car using realistic residuals and money factors should lease for 700 something a month with no money down.
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Replying to: british_rover (Jul 14, 2007 7:03 pm) "How much car am I getting for my payment?" Alternatively, you could just look for the lowest Lease Payment, but that's not a great metric. In the following scenario: BMW 3-series - $375/month Ford Taurus - $350/month The Taurus is cheaper... but not a "better deal". Most people would probably jump all over the BMW even though it's more expensive. That's where looking at the lease payment in relation to MSRP is valuable. And -- in the majority of lease deals, you're looking for an inflated residual! Otherwise, it makes more sense for you to purchase the vehicle, finance it for 2-3 years, then sell it yourself. (A better metric would be Edmund's TMV to Lease Payment, but that makes things complicated. MSRP is decently correlated with TMV.)
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Replying to: aepheme (Jul 15, 2007 5:00 am)
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Replying to: cccompson (Jul 15, 2007 6:43 am) 1. Lexus GX470 - 7.7% 2. BMW X5 - 7.2% 3. BMW X3 - 6.6% 4. Acura MDX - 5.7% 5. Audi Q7 - 3.3% 6. Acura RDX - 3.0% 7. Lexus RX350 - 2.3% 8. Lincoln MKX - 1.4% 9. Volvo XC90 - 1.3% 10. Volkswagen Touareg - 1.2% 11. Volvo XC70 - 1.1% 12. Infiniti FX35 - 0.3% 13. Mercedes ML350 - NEG 0.5% 14. Mercedes R350 - NEG 1.2% 15. Cadillac SRX - NEG 3.4% 16. Saab 9-7X - NEG 12.1% There are a number of reasons why a car's market value may vary from the invoice. The manufacturer could have a systematic pattern of marking their cars too high. The market conditions could be such that specific models aren't selling as well as expected. Or the car could be ill received by the customer base and difficult to sell... Or maybe there's just a temporary discount to encourage early sales. Anyway, it's interesting to see. More data! |
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