Phasers
December 14, 2023, 5:40pm
32
There is indeed a 1% rule in existence.
I’ve been reading a lot about the “1%” rule and the pros and cons of using that figure to determine if a lease is a good deal or not. For those why may not know, it says monthly payments should be about 1% of starting MSRP, so $600 for a $60,000 car would be a ballpark good deal. I also don’t know if taxes should or shouldn’t not be accounted for here. I do see the flaw in that calculation, as it does not account for lease term variances (36,42, etc.). What I am trying to understand is how to de…
A Simple Way to Determine if a Lease Deal is Good or Bad We often get the question, “What is the 1% rule or method of quickly evaluating a car lease deal?” To determine if a car lease payment is a good deal, it’s best to examine each of the major...
Now as to whether or not blindly following said rule is a good idea, it certainly is not. But in the context on my comment above, I said the lease does not even pass the 1% rule threshold test.