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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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Replying to: jchan2 (Feb 19, 2006 9:09 pm) I remember it well. My wife had me calling pretty much every Jag dealer on the west coast. None of them wanted to give up much, if any, of that marketing support money. The best (or worse if you prefer) was my local dealership who were going to give me a whole $500 off MSRP. In the end I gave up and bought a Subaru Legacy instead. |
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$6,000-$7,000 off MSRP on brand new 2005 Mazda MPV's...the gold medal winner of minivans. 
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I was in the market for a car for my eldest daughter in college just 2 weeks ago.Thought it might make sense to lease a new car rather than buy used. Anyway quotes I was getting for a Chevy Aveo were 305 a month for 3yr 12k a yr.Chevy cobalt 287-ford escape 290ish etc. Ugh .Decided used was the way to go.Last night saw the Cobalt advertised on TV for about half the 287 I was quoted (I don't remember exact number). Pretty amazing difference in 2 weeks.
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Replying to: jproc (Feb 22, 2006 6:51 am) All the vehicles you considered for a lease have below average (Escape) to poor (Aveo) resale values - why not look at something that does not lose 50-60% of its value in 2 years? I remember seeing a "Lease Questions" forum here... |
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Replying to: jproc (Feb 22, 2006 6:51 am) When you see huge lease payment differences for the SAME vehicle, it generally means that you are **not** comparing apples to apples. Probably, the mileage that you are paying is different, there is a large downpayment difference, or maybe a different level of trim. The problem with consumer leasing is that most comsumers do NOT understand what they are signing up for. |
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I have a question as one who has never leased. I have read the Edmunds info that says that leases are negotiable, just like when you buy a car. Sounds good, and I understand the idea behind not using a big down payment on a lease. But you will often see these factory advertised lease offers that will be say $2k down and $350/month or so. If it is a 'factory' offer, is the lease still negotiable? That lease must be based on MSRP? I'd like to avoid the bigger down payment on a lease for the reasons Edmunds advises; can the 'purchase price' of the car be negotiated down at all to make up for the smaller down? MF and residuals fixed? This is a new game for me...
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Replying to: tifighter (Feb 22, 2006 11:52 am) The cap cost is probably still negotiable. Like with a purchase, the law of supply and demand comes into play. If dealers are dealing on a particular model, you can deal yourself a good deal regardless of what price the ad uses to get to that payment. I've done this every time I've leased. Gotta read and *understand* the fine print on leases. Most, not all, advertised leases are based on MSRP but the mouse type will tell you for sure. Once you have the MF and residual, you can calculate your payment using any purchase price and down payment. For a quick mental exercise, you can determine the monthly payment sans required down payment by dividing the down payment by the lease term. For example, if the lease requires a $2000 down payment, and its for 36 months, the monthly payment increase is about $55 if you do not put down the 2 grand. It's not perfectly accurate but it does allow you to get your head around the numbers as they fly across the screen.
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Replying to: tifighter (Feb 22, 2006 11:52 am) Also, I recently leased a Toyota Tundra that was a factory lease offer. That lease was based on a price of invoice plus $500 with a very low MF to. |
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Replying to: dino001 (Feb 20, 2006 5:14 am)
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Replying to: harvey5 (Feb 25, 2006 3:30 pm) Honda Pilot: Prices Paid & Buying Experience where members are sharing their purchasing experiences. |
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