You want to figure out what the residual and money factor are as they are going to have a large effect on the payment. Also, is that selling price before or after the rebate? If it’s after, they are only discounting the car by $700.
I believe its after rebate. Honestly, this may not be the greatest deal to most people on this site. I have been to several dealership and they all gave me a price range from $420 to as high as $515. As soon I found a dealership offering lower than $400 I went for it. This is my very first lease and had I budget in mind of $380/month and I got it for $360 I’m happy with it.