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Car Leasing, Car Buying
#1 of 499 General Questions about Leasing Vehicles
by Kirstie@Edmunds HOST
Nov 29, 2006 (12:43 pm)
Ask 'em here - questions about specific models should still be placed in discussions about those vehicles.
#2 of 499 Recent grad incentive
Nov 29, 2006 (12:48 pm)
Looking to lease a new car-first time buyer so I have many questions. however for this thread i want to ask about incentives for recent college grads...any truth to that and how can i make the dealership aware of this?
Nov 29, 2006 (5:44 pm)
Why do people lease cars? Doesn't it mean that they are always stuck with a car payment and will never own their cars?
#6 of 499 Best Lease Deals for the Holidays
by Kirstie@Edmunds HOST
Dec 14, 2006 (5:44 pm)
Edmunds.com is the only Web site to identify the best lease deals using a numerical formula rather than subjective opinion. The calculation takes into account the average transaction price of the car and then determines the savings provided by the lease.
Currently, the top five lease deals available nationwide are:
2007 Audi A4 2.0T Quattro sedan
24 months, $379/month
30,000 total miles
$954 drive-off fees*
2006 Mazda Mazdaspeed 6 Sport
24 months, $269/month
24,000 total miles
$2544 drive-off fees
2007 Saab 9-7X 4.2i SUV AWD
27 months, $429/month
27,000 total miles
$2999 drive-off fees
2007 Mercedes-Benz CLK350 3.5-liter V6 coupe
27 months, $449/month
22,500 total miles
$3994 drive-off fees
2007 Subaru Outback 3.0 L.L. Bean Edition AWD
24 months, $299/month
20,000 total miles
$2923 drive-off fees
*ĒDrive-off feesĒ include lease acquisition fee, first monthís payment and any required capital cost reduction (down payment).
According to Edmunds, of course. Agree, or have you seen a better deal?
#7 of 499 Leasing for 1 year
Dec 21, 2006 (1:37 pm)
I am interested in a 12-month lease, non-vehicle specific at the moment. I know 12-month leases are "possible" because I have read a little about them before; like with a one-payment lease. But my concern is, how "available" are these? Most, if not all manufacturers' websites only advertise or provide calculators for leases of 24 months or more. Would these have a ridiculous MF? Any feedback is appreciated.
#8 of 499 Re: Leasing for 1 year [blkhhr]
by kyfdx@Edmunds HOST
Dec 21, 2006 (8:21 pm)
I know that Infiniti had some 12 month lease specials a few months ago on the '06 FX and G35 models...
That is the only recent instance that I can think of.. The total cost for 12 months was around $6K, which isn't too bad of a deal on a lease that short..
Generally, you have to go out to 24 months to get a reasonable deal.. and that is only on select models... If they aren't running a special on the short-term leases, they are way too expensive...
#9 of 499 Re: Leasing for 1 year [blkhhr]
Dec 23, 2006 (8:08 am)
As the host said, it's virtually impossible to do 12 month lease on a new car for a reasonable amount of money. I did it once years ago on a Grand Cherokee. It was some sort of dealer promotion and seemed then (and now) a once in a lifetime sort of thing.
There are some lease assumption websites around where you can find a wide variety of short term opportunities.
#10 of 499 Too much lease info; its got me confused.
Feb 05, 2007 (2:16 pm)
Iíve been looking to get into a new car since my í03 LR Freelander is coming due in April. I pay 295 pm so Iím a bit shocked by some of the quotes Iíve been getting.
Iíve been reading a lot of leasing tips but thereís so much involved that Iím becoming a bit overwhelmed and Iím not sure how to apply the information that Iím reading.
Iíve been pricing several different cars to see what I can get that fits my criteria. My requisites are: $300-$320 pm, $2500-$3000 TOTAL out of pocket and 15k miles per year. I also need a 3rd row seat and AWD. Iíve considered Saturnís Outlook, GMCís Acadia, Buickís (now discontinued) Rendevouz, Toyotaís 4Runner and Highlander, and Mercury Mountaineer.
Iíll use my experience at the Chrysler dealer as an example. The Touring version had an MSRP of $31,110, dealer said heíd give it to me at his price of $29,110 (now thatís 31,110 - $1500 Chrysler cash for $29,600) and heís knocking another $500 off. (I didnít ask for the money factor or residual because I felt the lease payment of $339 he quoted was still too high) Here starts the confusionÖ Edmunds says invoice is $28,588, so did he give me a good price or was there more room to negotiate down??? If thereís more room, how much more? Do I offer $25k? Thatís sounds like a good number to me but probably wonít get me a deal. Help!!
Also, is there a better time in the year to be leasing? Is September better than February?
One more question: Is it better to go thru an independent leasing company rather than to attempt a lease thru the dealersí finance companies?
Thanks in advance!!