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Mitsubishi Outlander Lease Questions

52 messages,  Last post on May 02, 2008 at 4:36 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mitsubishi Outlander, Car Leasing, Car Buying, SUV


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#36 of 52
OUTLANDER XLS 2WD with Nav, Luxury and Sun & Sound MSRP $29,255 by erich7
Mar 05, 2007 (2:19 pm)
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Hi Car_man,
 
What's the current buy rate and residuals for a 36 and 42 month lease? The dealer (So California) is selling it at invoice ($27,277).
 
Thanks for your help.
#37 of 52
Re: 2007 offer [bimmer_girl] by crispyj
Mar 13, 2007 (9:02 pm)
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Replying to: bimmer_girl (Jan 22, 2007 3:42 pm)

Hey Kristina - if you still happen to be surfing this forum... what do you mean when you say you traded your "old lease vehicle"? I've got a month left on a lease and am jonesing to lock up an Outlander. You obviously got a smokin deal, so i'm just looking for some insight.
 
thanks in advance.
#38 of 52
Re: 2007 offer [bimmer_girl] by Car_man HOST
Mar 15, 2007 (2:57 am)
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Replying to: bimmer_girl (Jan 21, 2007 3:36 pm)

Congratulations on your new Outlander, Kristina. I'm glad that you had such a pleasant buying experience.
 
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#39 of 52
Re: OUTLANDER XLS 2WD with Nav, Luxury and Sun & Sound MSRP $29,255 [erich7 by Car_man HOST
Mar 15, 2007 (3:18 am)
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Replying to: erich7 (Mar 05, 2007 2:19 pm)

Hi erich7. If you were to lease a 2007 Mitsubishi Outlander XLS 2WD through its captive finance company right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00235 and 52%, respectively. The numbers for an otherwise identical 42 month lease are .00235 and 49%. When negotiating your lease on this truck, make sure to take advantage of the $1,000 lease cash that is available on it. It will help you to negotiate an attractive capitalized cost for the truck that you want.
 
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#40 of 52
Re: OUTLANDER XLS 2WD with Nav, Luxury and Sun & Sound MSRP $29,255 [erich7 [Car_man] by tmazsa
Mar 29, 2007 (6:35 am)
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Replying to: Car_man (Mar 15, 2007 3:18 am)

I was just offerd a lease on an outlander xls 4wd. msrp=29000, price=27375, downpayment=4500, payment=321 per month for 36 months, 12000 miles per year, does not include tax, buy at end for 14747. would appreciate any help in deciding, thanks Tom
#41 of 52
Re: OUTLANDER XLS 2WD with Nav, Luxury and Sun & Sound MSRP $29,255 [tmazsa by Car_man HOST
Apr 19, 2007 (3:02 am)
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Replying to: tmazsa (Mar 29, 2007 6:35 am)

Hi Tom. Let me begin by saying that $4,500 is way too much money to put down when leasing. I always advise consumers against making large down payments on leased vehicles. I do so because you risk losing any money that you put down if your leased truck is totaled in an accident or stolen and never recovered.
 
Let's take a look at the selling price that you were quoted for this lease. Mitsubishi is currently providing a $1,000 cash incentive on leases of the 2007 Outlander this month. After taking this incentive into account, this truck's selling price is really around $28,375. That means that you are being given a $625 discount on a truck that has a spread of a little over $1,400 between its MSRP and dealer invoice price. If I personally was in the market for an Outlander right now, I would shoot for a slightly larger discount than the one that you are being given.
 
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#42 of 52
Lease payoff amount by susieq6
Apr 24, 2007 (6:25 pm)
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I just leased an Outlander and received my first statement. It has a payoff amount. What does that mean in terms of a lease? I owned my last car.
#43 of 52
Outlander XLS 4WD by jl49
Jun 28, 2007 (1:35 pm)
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Hello Carman,
 
Can you tell me what the residual rate and money factor would be for an Outlander XLS 4WD w/ the luxury package and sun / sound package. It would be for a 36 month lease and 10000 miles per year. Also, I live in NY and I was wondering if it would be realistic to try to lease this car for $350 - $370 per month with no money down and taxes incorporated into the monthly payment.
 
THanks.
#44 of 52
2007 Outlander XLS 4WD Lease by smily157
Sep 13, 2007 (5:28 am)
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I just got a loaded 07 4WD Outlander on August 31, 2007 (last day of the month meant they were eager to meet their sales goals and gave me a killer deal). It has the Navi Package, Luxury Package and the Sun & Sound package, MSRP of $30,650. I decided on a lease. My dealer gave me a quote of around $27,500, plus $1,000 lease bonus, for a total of $26,500. I put $1,000 down, plus $2,500 trade in on my old car, for a total of $3500 down. They did not have the exact colors I wanted (black ext. tan int.), so they had to find it from another dealer. So in the end, I am paying $389.99 a month for a 15k mile a year, 3 year lease, and all tax, tags and title are included. This is a little higher than I wanted to pay, but I don't have much credit, as I am 19, so frankly I was happy I was accepted at all. The buyout price at the end of the lease was about $15,500 should I decide to buy it after the lease. All in all I am very happy with my purchase. I have no major complaints about the car at this point, I really actually love this car overall, it was the best value for the money!! I would highly recommend it to anyone who wants a tech-heavy, 4WD SUV (technically CUV) that drives more like a car than a truck, just keep in mind that it is a $20-30k car, so it's not the most luxurious, but it is more than fine for someone like me.
#45 of 52
Re: 2007 Outlander XLS 4WD Lease [smily157] by jl49
Sep 13, 2007 (11:09 am)
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Replying to: smily157 (Sep 13, 2007 5:28 am)

Congratulations! Sounds like a good deal. Good luck and drive safe.

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