Leasing sources?
#1
Rennlist Member
Thread Starter
Leasing sources?
Gents, I will be leasing my new GT3 (scheduled to arrive in a few weeks) and the PFS money factor is quite high, and the residual quite low (OK, ridiculously low). Has anyone else found a current source for closed-end leases which beats PFS?
Please, no lectures on leasing vs. buying...that topic has been beaten to death here and elsewhere. I have my reasons for leasing, and am simply looking for leads here. Thanks to all.
Please, no lectures on leasing vs. buying...that topic has been beaten to death here and elsewhere. I have my reasons for leasing, and am simply looking for leads here. Thanks to all.
#4
Rennlist Member
Do you mind sharing the PFS MF and residual?
#5
Rennlist Member
Thread Starter
Current money factor is .0031 (7.44% annual interest) with 46% residual based on 48 months at 12K miles/year.
#6
Intermediate
Premier Leasing
http://www.premierfinancialservices.com/
or
Putnam Leasing
both good options
Stan Alan Leasing has advertised in Autoweek for decades...he claims rates around 7%
http://www.premierfinancialservices.com/
or
Putnam Leasing
both good options
Stan Alan Leasing has advertised in Autoweek for decades...he claims rates around 7%
#7
I got a better deal at 36 months, 15K miles. Then again, I hit some sort of limit on actual value, so even if you get 46% (48 months) or 48% residual (36 months) you're not going to get PFS to take on the higher residual value on a $150K RS (if they even take actuarial data on the RS ... I seem to recall the RS was not in the lease product tables in '07.) The limit is around $130K at 48%. Round figures. Not meant as financial advice, etc. Looking at leasecompare, if you can get under .004,you'd be doing better than US Bank (for example) will offer, assuming you have 700-720+ credit (and the credit bureaus have done everything they can to undermine your credit score ...) but PFS seems to have the most generous residuals.