The Wall

The Wall: RoyallyBlue’s 2011 Honda Civic LX

Published by G

Name: RoyallyBlue
Location: Louisiana
What He’s Got: 2011 Royal Blue Honda Civic LX Sedan

The Story:

First let me give a HUGE thanks to BouncewithB for his outstanding advise and knowledge.  He also has a really cool car that has been posted on the Wall and should be checked out.  I’ve seen it in person and it is a sweet ride.  Anyways, he introduced me to this site and took some time to talk to me about the in’s and out’s on leasing.  Without his time and help, I would probably not even considered doing a lease.

With that said, I ended up getting 2011 Honda Civic as seen in the pic.  It was a leasing special they were running and I believe G had even posted it as the 2nd best leasing offer for the month of December.  The lease was no money down, no first month payment, 35 months (with first payment due and paid for by the dealership at signing) for a total of $219 a month taxes included ($202 base without taxes.)  The only thing I paid was ttl which was about $150.  Gross Capitalized Cost: $18811 – Depreciation: $6842 – Rent charge: $454 – 12,000 yr. – I was very happy with the lease and am very satisfied by my car.  It may not be the best lease ever obtained, but this is optimally suited for me.

Prior to this I had a 96 Mustang that I have owned out-right for the past six years.  Well, I have recently gotten engaged and used the money I’ve been saving for a new car towards one heck of a diamond ring for my fiance.  Needless to say, literally a month and a half later, the head gaskets blew on that Mustang and so I had no car and little cash.

I had gotten so used of not paying monthly for a car that the thought of the lease scared me (not to mention all the horror stories that I have heard and confusing terms that come along with the agreement.)  So I decided to go used car shopping.  Forget it.  Down here, the used cars that are worth what you spend on them are the rare finds and I could not find a good deal on trustworthy car after EXTENSIVE research.

Anyways, I learned BouncewithB leases and asked him about it and he led me here and gave me some tips.  Thanks to this website and B, I am leasing my first car.  This website is extremely valuable to anyone even thinking about leasing and the straight forward and honest enthusiasm for the “Art of the Lease” makes this website a winner.  The calculator was real handy too.  Thanks for all the info to G and his staff and a SPECIAL thanks to BouncewithB.

RoyallyBlue

My Take: CONGRATULATIONS (one the new car and the engagement!) Glad to hear the site has not only has helped you get a new set of wheels, but also save you money when you needed it most. Definitely gotta give BouncewithB a shoutout on this one. He’s been a huge help to me as well over the years with his advice and support. $219 is cheap with no money down so you did extremely well there! Congrats again!

Want your ride featured on RIDE with G? Send your pics over to thewall(at)ridewithg.com

The Wall: BouncewithB’s 2011 MINI Cooper S

Published by G

Name: BouncewithB
Location: Louisiana
What He’s Got: 2011 MINI Cooper S
What It Cost: $420/ month, 36 month 10k/year, Only 1st payment at signing. 27,900 msrp. 26,900 selling price.
My Take: Lately, I’ve become very interested in the “1st monthly only” leases where you roll the DMV, doc fee, bank acquisition and simply pay your 1st month payment. I think of this approach as a easy way to move from one lease to another without having to fork out thousands to cover the drive-off fees.  I think B’s new MINI worked out well specially since its custom ordered and definitely much cooler than previous MINI, the “Short Bus“. Just look at the rims! Wicked cool.

Want your ride featured on RIDE with G? Send your pics over to thewall(at)ridewithg.com

The Wall: G’s 2001 BMW 325i

Published by G

Name: G
Location: California
What He’s Got: Silver 2001 BMW 325i
What It Cost: Too embarrassing to tell. But if you must know, it was $2500 down, $550 a month.

My Take: This was my first lease ever and I didn’t know what I was doing. I got totally fleeced on that deal considering the car’s MSRP was around $32k. Of course, I didn’t really learn from my mistake on my next ride either…

Want your ride featured on RIDE with G? Send your pics over to thewall(at)ridewithg.com

The Wall: lsalazarg’s 2010 Maserati GranTurismo

Published by G

Name: lsalazarg
Location: N/A
What He’s Got: 2010 Maseratti GranTurismo
What It Cost:  I don’t have a whole lot of details, but the discussion happened here…. http://www.ridewithg.com/forum/viewtopic.php?f=3&t=491. Maybe

My Take: Maserati was offering pretty hefty discounts, so if you got the cash, this is your ride. Definitely more unique than the usual BMWs and MBs around this price range.

Want your ride featured on RIDEwithG? Send your pics and info to thewall(at)ridewithg.com!


The Wall: E.O in Cali’s 2009 BMW 335i Coupe

Published by G

Name: E.O in Cali
Location: California
What He’s Got: 2009 white BMW 335i coupe.
What It Cost: Details, details, details!

$700 over true invoice (without any MACO or training fees)
$725 bank acquisition fee (lowered from $925)
7 Multiple Security deposits to lower the money factor down to 0.00116 (from .00165)
Plus license and taxes.

My Take: No MACO, no training, lower bank acquisition fee = WIN! A .00165 MF is actually pretty decent so MSDs were not exactly necessary, but it certainly didn’t hurt. Overall, I like it. Fast car, sharp looks, good price. No complaints here. It is important to point out that BMW doesn’t have a holdback, therefore $700 “over” invoice price (when no rebates can be had) is actually a pretty solid price considering no extra fees were paid.

PS – I know where you got it from! 😀

Want your ride featured on RIDE with G? Head over to THE WALL for more information.

The Wall: MWGuy’s 2010 BMW 135i

Published by G

Name: MWGuy
Location: Indiana
What He’s Got: 2010 Space Gray Metallic BMW 135i, equipped with Premium Package, Sport Package, Cold Weather Package, iPod, Steptronic Auto Transmission w/ Paddle Shifters. Gray Boston Leather, Gray Poplar Wood Trim.
What It Cost: Here are the intimate details of the deal…

Terms – 15K / 36 month / Residual 59% / MF .00200

MSRP = $44,170.00 (Invoice $40,680.00)
Cap Cost = $42,228.51 – $1,500 holiday cash = $40,728.51
Int/Dep = 541.03
Lease Payment (7% sales tax) = $578.90

Due at signing
1st payment = $578.90
Security Deposit = $600
Acquisition Fee = $725
Doc Fee = $150
Sales Tax = $105 (7% on Holiday Cash)
Cap Reduction = $141.10
Total = $2300

(I had already paid a $1,000 cash deposit and had $1,300 in trade equity)

My Take: The monthly payments are about 1.22% of the MSRP, which is equal to “GOOD” rating on my book. What I feel makes this deal solid is the fact that MWGuy didn’t get hammered with excessive fees, such as the MACO, Training and a “fluffled up” Acquisition fee (which some folks have gotten hit with in the past). Two thumbs up!

Want your ride featured on RIDE with G? Head over to THE WALL for more information.

The Wall: Zamo’s 2010 Volvo XC90 R-Design

Published by G

Name: Zamo
Location: Florida
What He’s Got: Smoking Red Hot 2010 Volvo XC90 R-Design. Includes 5 years maintenance, 5 years of wear & tear (except tires) and 5 years of roadside assistance
What It Cost: I was asked to keep the details private, so I will just summarize for you guys…

MSRP: 40,350
Term: 48 months
Due at signing: $0 (rolled into the cap cost)
Payment: $565.26 (includes 6% use tax)
UPDATE:
RES:34% and MF 0.00113

My Take: If you know how to work that lease calculator, you should be able to figure out the necessary sale price to make this deal happen. Here’s a little extra hint…there were rebates involved (Costco). Hope you didn’t snooze during high school Algebra! Haahaa.

Want your ride featured on RIDE with G? Head over to THE WALL for more information.

The Wall: JC59’s 2009 Infiniti G37 Sedan

Published by G

Name: Randy AKA JC59
Location: Florida
What He’s Got: 2009 Platinum Graphite Infiniti G37 Journey Sedan. Premium and Sport package, Illuminated Kickplates, Splash guards, Trunk Mat/Net
What It Cost: Deal was done mid-June…He swears he got it before B did. Suuureeee 😉

10k miles @ 39 months
Residual 56%
MF .00146
MSRP $39,830
Invoice $36,527
SP $35,499
Due @ signing $1405.10 (First pmt, TTL, $599 Dealer Fee)

Monthly $422.70 + 29.59 tax = $452.29

My Take:Wow, below invoice. I like it. Nasty dealer fees there, but it seems to be the standard state dealer fee out there in Florida. Your deal is about $1000 cheaper than B’s but I don’t think his dealer fee was as hefty as yours. Overall, I think you both did pretty well, so hats off to you on the good deal you got on your new ride. It’s looks really sharp in that Platinum Graphite.

Want your ride featured on RIDE with G? Head over to THE WALL for more information.