Hi guys,
I am fairly new to the forum here, but am swallowing up knowledge like a hungry kid swallows up chocolate cake!
I am wanting to find out more about the 1% rule I frequently see referred to here. I tried a search on 1% (for those of you that want to tell me to do a search), but got no results due to the search properties being too small (1%).
I Have bought many cars before in my life, and have leased 2, All I can say is I wish I had found a site like this prior to any of them, because I may well have leased more and bought less, and I would very likely have gotten better deals on the leases I did get (and currently have).
Thanks for the knowledge you guys share,
Alan
Hint: did you try “1% rule”?
High level: Usually a car is considered to lease well if you can get a fairly standard lease 36/10 with min money down and the monthly payment is 1% or less of the MSRP.
Don’t waste your time. Read Leasing 101 and related posts, and everything on the forum. The best deals start at 0.5% and above (even less in some exceptional situations), so forget about 1%