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Smart Shopper General Questions about Leasing Vehicles
284 messages, Last post on Aug 01, 2009 at 9:50 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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It looks like I should be able to lease a 2008 Honda Accord EX-L 4 AT with Navi or EX-L V6 without navi for 3 years/45K miles/$0 cap reduction for around $400 per month based on about $27K selling price, the 62% residual and .00270 standard money factor in California. There are no special discount lease deals on the Honda Accord right now. I am not dead set on getting a Honda Accord if I can get something nicer for about the same lease cost. I thought that since there are no subsidized leases on the Accord leases and there are subsidies available on other cars, maybe I could get a more prestigious vehicle for about the same amount of money. Maybe an X-Type, TL, 328, Saab,'07 C-Class, Lexus IS250, Volvo, '07 CTS, Infiniti G, etc., etc.? Are there any super hot lease deals available in California on near-luxury vehicles that would be available for close the same price as this Accord deal (due to dealer discounting, incentive cash, cheap money factors and inflated residuals etc.)?
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Replying to: bodble2 (Nov 01, 2007 9:19 am)
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Replying to: jaxs1 (Nov 02, 2007 3:33 pm) Out of the others on your list, I'd say only the Saab has a chance of coming in at $400... Maybe a Volvo S40 (again, a smaller car).
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Replying to: kyfdx (Nov 03, 2007 6:07 am) I remember there was a really cheap lease deal on the old style Infiniti M sedan before the redesigned model came out a couple years ago. I think they must have had over $10,000 in incentives on it to subsidize the cost of the lease. I was hoping a deal like that might happen again for some other similar vehicle. |
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Replying to: reufim (Nov 03, 2007 4:39 am) |
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hi everyone, well i have read lots of post about leasing. but i can't seem to find my answer???(maybe i didnt read enough) so i hope you guys can help me. i want to lease a 07 or 08 Odyssey for 36 mons. i have a 2000 honda accord to trade in. i don't mind about owning the car or not and i want new car every 3 years too. so here are my questions. 1. how do i negotiate to the Invoice price? (detail please) 2. when i get the agreed pirice, can i change it to a lease other then buying it? can the saleman say NO? 3. even the Ad said i have to put xxx amount of $$ down, do i have the option to not to? how? 4. i really want to trade in my car, but dont want to take the risk of losing the money if the car got wrecked, what can i do? beside selling it myself? 5. does the residual price matters to me, even i am not going to buy the car? 6. when i return the car, do i have to do anything? i am really new to this lease thing, please give me your advice, much much appreciated thank you. hondaodd |
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Replying to: hondaodd1 (Nov 03, 2007 10:41 pm) |
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Replying to: hondaodd1 (Nov 03, 2007 10:41 pm) tidester, host SUVs and Smart Shopper |
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Replying to: hondaodd1 (Nov 03, 2007 10:41 pm) Check on the Honda pages and see what kinds of pricing is available. 2 If there is an incentive or rebate in the price, the price may change if you lease. Otherwise, you can pay for the car any way you like. 3 You can out down as much or as little as you like. Of course, it will affect the lease payment. 4 I don't understand, is your trade in wrecked? Generally, there is no incentive to trade a vehicle in on a lease. Sell it yourself. 5 If you aren't going to buy the car, the residual doesn't matter to you. In fact, the higher the residual, the lower the payment. 6 Most lenders have a return fee. Also, most have pre-term inspections. Which are a very good idea. You will be penalized for excess miles, and excess wear.
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I'm on my way in 10 minutes to lease a 2007 Lincoln MKX base for 39 months $1000 down, payments $404 month, includes tax. The Lincoln dealer will NOT take my Toyota Highlander Limited as a trade, even though I paid off my last payment on my lease. My or Dealer purchase priceis $12,113. Carmax will give me $12,500. Should I just sell to carmax and does the lease sound good on the 2007 MKX? hurry please, thank you!!!! 
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