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04 S2000 Residuals & MF for June??

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Old Jun 5, 2004 | 05:14 AM
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Default 04 S2000 Residuals & MF for June??

Looking to lease an 04 S2000, but seem to be getting different figures from different dealers. Anyone know what the top credit tier residuals and money factors are. Also found a leftover 03, but the lease 3 don't add up. One dealer quoted me $380 per month for 42 months with 600 down for an 03. It did not sound good to me. Any help/advice would be appreciated.
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Old Jun 5, 2004 | 08:15 AM
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money factor whould be .00215

the residula should be like 56% on 3 yr, and 52% on 4 yr....
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Old Jun 5, 2004 | 10:15 PM
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AHM uses .00205

residuals are set by the leasing company. different leasers use different money factors.

calculate your lease payment by adding:
(Purchase price-residual)/number of months
and
(Purchase Price+Residual)*Money Factor.

Purchase price should include all fees. sales tax is added to the payment, NOT the purchase price.
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Old Jun 5, 2004 | 10:17 PM
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but if ther eis no security deposit, AHFC uses .00215
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Old Jun 6, 2004 | 08:05 AM
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Thanks for the info. The reason why i was asking is because I have had several different MF quotes and they all were using AHF. The residuals were slightly lower than I thought. I believe at one point they were over 60% for 36 months. Just trying to keep dealers honest, if possible.
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Old Jun 6, 2004 | 09:53 AM
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The residuals change every two months, in July they will probably drop another two percentage points. This is to compensate for the lower Blue Book when the car is returned 36-48 months later (Blue Books also change every two months)
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