New to leasing. Been a used car person all my life. Moved to a new state, and situation may call for a lease while I’m here. I’ve been trying to absorb all the knowledge on this forum, but it’s been a bit of an overload the last couple nights.
Here are the stats from the Lexus site as I was looking at inventory and found the lowest monthly 2017 Base FWD @ 36/10.
- I don’t like the down-payment.
- I don’t understand the “due at signing” vs “cost out of pocket.”
- I’m looking for help understanding how to fit this into the calculator, because when I try, the values come out way lower than the monthly payment the dealer site generates.
Any advice and direction is greatly appreciated!
Special Offers : -$3,500.00
Lease Rebate offerId: 46784
Lease cash down : $4,552.30
Trade-in value : $3,000.00
Cap Cost Reduction: $10,721.69
Security Deposit : $0.00
First Month Payment: $330.61
Total Due at Lease Signing: $11,052.30
Total Cash Out of Pocket: $4,552.30
Taxes and Fees : $795.00
Adjusted Capitalized Cost: $35,596.31
Credit Score : Excellent
Term: 36 months
Miles per Year : 10000
Selected Monthly Payment: $330.61