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General Questions about Leasing Vehicles

403 messages,  Last post on Jan 22, 2013 at 9:10 PM

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What is this discussion about? Car Leasing, Car Buying

Messages Page 1 of 41

#1 of 403 General Questions about Leasing Vehicles by kirstie_h HOST

Nov 29, 2006 (1:43 pm)

Ask 'em here - questions about specific models should still be placed in discussions about those vehicles.

#2 of 403 Recent grad incentive by d1ane

Nov 29, 2006 (1:48 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?

#3 of 403 Re: Recent grad incentive [d1ane] by tidester

Nov 29, 2006 (3:48 pm)

Replying to: d1ane (Nov 29, 2006 1:48 pm)
Try Rebates, Incentives, APRs - Questions & Comments.
 
tidester, host

#4 of 403 Why Lease by parnelli66

Nov 29, 2006 (6:44 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?

#5 of 403 Re: Why Lease [parnelli66] by kirstie_h HOST

Nov 30, 2006 (6:54 am)

Replying to: parnelli66 (Nov 29, 2006 6:44 pm)
That debate is being covered in Leasing vs Purchasing

#6 of 403 Best Lease Deals for the Holidays by kirstie_h HOST

Dec 14, 2006 (6:44 pm)

http://www.edmunds.com/advice/strategies/articles/118780/article.html
 
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
 
*”Drive-off fees” include lease acquisition fee, first month’s payment and any required capital cost reduction (down payment).
 
According to Edmunds, of course. Agree, or have you seen a better deal?

#7 of 403 Leasing for 1 year by blkhhr

Dec 21, 2006 (2:37 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 403 Re: Leasing for 1 year [blkhhr] by kyfdx HOST

Dec 21, 2006 (9:21 pm)

Replying to: blkhhr (Dec 21, 2006 2:37 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...
 
regards,
kyfdx

#9 of 403 Re: Leasing for 1 year [blkhhr] by cccompson

Dec 23, 2006 (9:08 am)

Replying to: blkhhr (Dec 21, 2006 2:37 pm)
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 403 Too much lease info; its got me confused. by maradag

Feb 05, 2007 (3:16 pm)

I’ve been looking to get into a new car since my ’03 LR Freelander is coming due in April. I pay 295 pm so I’m a bit shocked by some of the quotes I’ve been getting.
  
I’ve been reading a lot of leasing tips but there’s so much involved that I’m becoming a bit overwhelmed and I’m not sure how to apply the information that I’m reading.
  
I’ve 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. I’ve considered Saturn’s Outlook, GMC’s Acadia, Buick’s (now discontinued) Rendevouz, Toyota’s 4Runner and Highlander, and Mercury Mountaineer.
  
I’ll use my experience at the Chrysler dealer as an example. The Touring version had an MSRP of $31,110, dealer said he’d give it to me at his price of $29,110 (now that’s 31,110 - $1500 Chrysler cash for $29,600) and he’s knocking another $500 off. (I didn’t ask for the money factor or residual because I felt the lease payment of $339 he quoted was still too high) Here starts the confusion… Edmunds says invoice is $28,588, so did he give me a good price or was there more room to negotiate down??? If there’s more room, how much more? Do I offer $25k? That’s sounds like a good number to me but probably won’t 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 dealers’ finance companies?
  
Thanks in advance!!
Mara

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