Hey, I was hoping I could get some advice on this lease proposal
10k / 36 month. My trade in is worth roughly $1800
Total cost would be $11,185.2 plus my trade in. Does this seem good? I was able to get $1460 off sticker price already.
Credit scores 727 at experian, and the money factor Hyundais giving is 0.00218. Should i negotiate this down? Volkswagen offered a money factor or .00111 on a Jetta
My $0.02.
Buy or finance. Lease doesn’t make sense.
Accounting the discount you got and trade in value you can own this car after 4 years with payment about $450/m.
Also, Did you check value of your trade here?
Am I looking in the wrong price range for a lease? Would it be easier to find a good lease if I looked at higher MSRP vehicles with better residuals?
You can look in Signed Deals & Tips to see what seasoned folks are doing. It’s a lot of EVs, there aren’t many gas vehicles that make sense to lease at todays rates.
Do not know your budget but for about $100/m you can lease plenty small SUVs like Hyundai Tucson, Mazda cx5 or Kia Sportage.
For me I’m looking to minimize the total cost of the lease, not my monthly payment. Do those $100/mo leases you mentioned require a big down payment? I want to put 0 down so that I am have less risk in the event of a total loss
Sorry. I meant $100/m more.
If you want to minimize cost of ownership in most cases low MSRP cars are not good candidates to lease.
Oh I see yeah. I’m now feeling like financing will be the way to go. I’m not sure I can justify leasing more expensive vehicles. Thank for your advice!
Some segments just aren’t hackable. Even the most seasoned hackers cannot overcome the lack of rebates and lack of favorable RV/MF.
Your best options are to look at which Toyota, Honda, Hyundai and Kia ICEVs in this segment have the lowest APR and finance it.
Or to get a great deal on an EV for all your around-town needs and keep your Town Car for the occasional road trip.
Do Elantra instead, the programs are very good on them vs the Venue
look at this
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