Two months ago, I leased my wife's vehicle. It was the very first time I had ever leased.
The price of the vehicle was $31,700 MSRP. We were able to get the vehicle for $28,500. Financing, we got the interest rate of 1.4 % (when converted from a money factor) for 3 years, 36 months. The residual value was 51 %, which makes our monthly note of $379.00, which no money out of pocket at signing, except for the first month's payment and dealer acquistion fee.
I highly suggest that people look into buying ALG's Auto Lease Guide if they are interested in leasing. It will give you the money factors, which are negotiable, residual values, and any applicable rebates for each manufacturer. Also, take a look inside the forums at Edmunds as well. Good moderators over there too.
And finally, make sure you know the dealer's holdback. They can sell the car to you below invoice price and still make a profit.
Chalk
The price of the vehicle was $31,700 MSRP. We were able to get the vehicle for $28,500. Financing, we got the interest rate of 1.4 % (when converted from a money factor) for 3 years, 36 months. The residual value was 51 %, which makes our monthly note of $379.00, which no money out of pocket at signing, except for the first month's payment and dealer acquistion fee.
I highly suggest that people look into buying ALG's Auto Lease Guide if they are interested in leasing. It will give you the money factors, which are negotiable, residual values, and any applicable rebates for each manufacturer. Also, take a look inside the forums at Edmunds as well. Good moderators over there too.
And finally, make sure you know the dealer's holdback. They can sell the car to you below invoice price and still make a profit.
Chalk
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by chalk_eater:
I can't say for sure, because I don't have the information in front of me, but watch out for Chevy or Ford's leasing program. They do it differently and end up making a nice profit every month based upon your lease.
Chalk<HR></BLOCKQUOTE>
Chevy has the best insurance coverage for a leased vehicle I believe.
I can't say for sure, because I don't have the information in front of me, but watch out for Chevy or Ford's leasing program. They do it differently and end up making a nice profit every month based upon your lease.
Chalk<HR></BLOCKQUOTE>
Chevy has the best insurance coverage for a leased vehicle I believe.
www.edmunds.com
www.kbb.com
www.nadaguides.com
www.invoicedealers.com
www.leasecompare.com
www.carprice.com
www.car-prices-costs.com/dealer-cost.html
www.fightingchance.com
www.intellichoice.com/lease/AboutLeasing.cfm
www.safecarguide.com/gui/lea/leasingfaq.htm
www.leasetips.com
All of these sites listed above will help you with the purchase and/or lease of a new vehicle. Be prepared before you set foot into a car dealership. Also, I suggest you deal with the internet sales manager by making contact with them through the dealer's web site.
Chalk
www.kbb.com
www.nadaguides.com
www.invoicedealers.com
www.leasecompare.com
www.carprice.com
www.car-prices-costs.com/dealer-cost.html
www.fightingchance.com
www.intellichoice.com/lease/AboutLeasing.cfm
www.safecarguide.com/gui/lea/leasingfaq.htm
www.leasetips.com
All of these sites listed above will help you with the purchase and/or lease of a new vehicle. Be prepared before you set foot into a car dealership. Also, I suggest you deal with the internet sales manager by making contact with them through the dealer's web site.
Chalk
My current day job is Fleet and Inventory Control Manager at a large Chevrolet dealership. I have been top sales consultant, Internet Sales Manager also. I know this subject extremely well. But after kicking around there for 3 years I gave notice for end of month. To start beta testing my system for football. I know every trick in the book. My personal Chevrolet is a 2003 1500 HD crew cab. They redesignated it to 2500 LD this year. It is Spurs Gray, with a Spurs No Fear decal on back shield. Flowmasters, K and N filter kit for better aspiration and I chipped it. I got it for our cost, way below invoice, used all rebates and 4.9 apr. I plan on paying it off after football. If any of you are in California, I will hook you up with the best deal possible. The last few I sold I made nothing, gave my commission back. I may stay part time in August, which is the highest rebate month, and look for other avenues in September...Best Wishes...OF
I just sold my Lexus GX 470 and I am trying to decide on the following, when they become available:
2005 Infiniti M35/M45
2005 Acura RL
2006 Lexus GS 430 / 330 (due out early next year)
All of these vehicles are completly redesigned.
Decisions, decisions, decisions ... The hardest part about buying a premium vehicle is there usually is less room for negiotiating, not to mention, having a manufacturer's rebate.
Chalk
2005 Infiniti M35/M45
2005 Acura RL
2006 Lexus GS 430 / 330 (due out early next year)
All of these vehicles are completly redesigned.
Decisions, decisions, decisions ... The hardest part about buying a premium vehicle is there usually is less room for negiotiating, not to mention, having a manufacturer's rebate.
Chalk
