I’m looking at this deal which is showing on their website at $59/mo. What can i realistically expect to pay for this lease? Ideally I would like to do $0 down but I’ll list the info that I know below. From the dealer’s website they have:
Lease requires approved credit; based on 12,000 miles per year, $0.10 per mile excess. 24-month lease. $2,638 due at signing (this includes $1,500 cash or trade down, first month’s payment of $59, documentary preparation fee of $429, and bank acquisition of $650). Total amount of monthly payments is $1,416. Tax, title, registration, and inspection fees are additional. Security deposit waived. MSRP: $24,179. Net Cap Cost: $15,400. Residual: $14,012. Purchase option at lease end for $14,012.
So what I gather is:
MSRP: 24,179
Residual: 14,012 (58% ish)
Money Factor: Not sure but most of what I find online is .00001
Acquisition: 650
Doc Fee: 429
Disposition fee: 395
Reg/Lic Fee: 135
Sales Tax MA: 6.25%
When money factor is low, then there’s really no reason to use MSD’s right? Just wondering what’s the best I can do. I’d like to assume I can negotiate 10% off of MSRP but I’m coming up much higher on the lease calculator than they’re advertising so what am I missing. I know the dealer price is usually smoke and mirrors but we’re quite a ways off so just wondering what I’m doing wrong.
Link to ad? I’d say at least 16% off w/ rebates included since they’re coming out with a redesigned Camry.
If 24 months, I’d assume the RV is quite higher than 58%
And if MF is 0.00001 which it most likely is, then you’re practically at 0
EDIT : Am I reading this correct : $2638 due at signing, plus total of 24 monthly payments of $1,416.
So that’s $168/mo for 24 months + Tax, title, registration, and inspection fees are additional?
In July, it was 0.00001 and 52% on a 12/36. 58% might be correct for the 12/24. And yes, with MF at essentially 0, you wouldn’t even be able to use MSD if you wanted to.
Here’s the link. You may have to sign up to “unlock” the deal. I just use a bogus email address so they don’t start sending me junk mail.
This sounds like they are selling the car at essentially 16.9k if you look at the net cap cost.
I’m getting around $90 with tax if I use their numbers in the fine print. This isn’t unheard of, there was one dealer in GA taking 9k off MSRP on a SE earlier this year.
Am I missing something?
Fine print reads : $2,638 due at signing. Total amount of monthly payments is $1,416. Tax, title, registration, inspection fees are additional.
Wouldn’t that be 2638 + 1416 by 24 months which is 168/mo + tax, title, registration, inspection fees?
You are correct, but OP is asking if it’s possible to do better than the advertised deal.
My numbers were with the driveoffs mentioned in the ad.
the smart move is to buy it at 16929 + ttl
fwiw, TFS leases do not include gap insurance…
With 0% APR, I agree.
Edit: nm, you won’t get full 3k incentive with the 0%, shop your own rates
