Hey leasehackrs, first timer here. So my local dealership is running a promo here for leasing of their “executive demo” cars.
I’ve been looking around forums and have been targeting a car under 5k for residual value. Anyways here is the deal so far:
Has Driver Assistance Package and Navigation
Sale Price: $40,098
36 Months/10K a year
$328 per month, before taxes (tax rate 7.5%)
$3888 Due at Signing (drive off + down)
Also applicable is the $1000 off for new graduates. Just finished my masters so that should also kick in.
Is this a good deal? The sales rep said the residuals are about 61% All this was discussed over the phone though so I haven’t actually gone in yet.
So the MSRP is $47,345 and the MF is .00170 , Residual is set at 61% based on 10k annually
They stated that the down payment isn’t required, but I haven’t been able to find out the exact cost of just the drive off. I think it’s around 1800 though typically.
Been shopping around SoCal all day and it looks like nobody will come close to that deal. Wondering if he got in on the MSDs. Hope others looking for a deal have better luck.
i think the dealer rep genuinely just made a mistake. he ended up getting 3300 capitalized reduction in addition to the 2500 rebate and 18% discount which is unreal for a loaner car.