I am so relieved I found this forum. I am unable to decide how to proceed with a new lease this year. Apologies for the long post I will share some background and my question.
I just came off a 2 year Nissan Rouge lease (WA state, Seattle area), whose terms were:
Lease Dates - July 2016 to July 2018
Lease-end Value: $17,615.00
Cap Cost: $24,929.68
Cash Cap Reduction: $1,353.18
Total Cap Reduction: $2,993.18
Total Add Cap Cost: $595
Adjusted Cap Cost: $22,531.30
Lease Factor: 0.00003
Total Monthly payment: $226.24 (tax inclusive)
Lic Fee: $225.25
Total Int Fees : $159
Amount Due At Start: $3,897
Cap red tax: 9.8% – $293.33
Customer cash down: $2,247
Total Sales Tax - $777.89
Total Mileage: 15K per year (Negotiated up from original 12K per year)
So in the past 2 years i paid $2247 + (24 * 226.24) = $7,676.76
I ended up using about 28K in miles - so below the 30K/yr limit.
I am now in the market for a new lease and i am looking for similar terms with one additional criteria:
(a) monthly payment to be <= $225
(b) ok for cash down upto $2500
© a 24 month lease and preferably 15K/yr (12k/yr is the next option)
(d) a smaller car with 4WD/AWD
Considering (d) I was thinking of Subaru. I reviewed the posts in the forum:
Looking at lease deals in the Seattle area, I do not see any 24 month leases.
(1) Should I reset my expectations of finding a 24 month lease that satisfies (a) through (d)?
(2) Are there other car makes that can meet my expectations of (a) through (d)?
(3) Is the 36 month/10K year the best option that I should expect from any make?
(4) There is a possibility I might move states - in which case can I return my lease in a different state at the end or should I expect to bring it back to the original dealer after the end of the lease?