Yury_S
April 28, 2021, 12:59am
1
Year, Make, Model, and Trim:
MSRP: $ 66000
Selling Price: 62000
Monthly Payment: $ 820
Drive-Off Amount: $ 9300
Months: 36
Annual Mileage: 10k
MF: 0.002
Residual: 58
Incentives:
Region: SF
Leasehackr Score: 5.6
Leasehackr Calculator Link:
I think that It’s very bad deal for me?
What can I do with this to improve?
They put 38k as price to buy after 36 months.
I think that I am a big loser and it’s hard to be bigger losser.
What should be the everage deal for this?
How much I am loosing? 15k?
How are you going to improve this if you already signed?
I would go with your last sentence, only it’s loser.
Why did you sign it if you thought it was bad?
Get the actual numbers from your lease contract and learn.
On Leasehackr Forum, a new user asked for guidance on what to review on a lease contract before signing : Hey guys, I couldn’t find this in the FAQ so I thought I’d make a separate topic for others to reference in the future - is there a guide...
Everyone will have different opinions on what a “good” deal is for any given car. At the end of the day, it comes down to how you feel about it. Here are some Lease 101 tips that we’d recommend:
2 Likes
Yes, this is a very poor deal. Unfortunately, at thus point the best you can do is learn from your mistakes and study up for next time.
2 Likes
Enjoy the car, and learn for next time. No use getting down on yourself now.
1 Like
Where is this? Do you mean Fremont, CA?
Nothing you signed it. Enjoy your GLE!
2 Likes
Unless he bought an F&I add that can be refunded.
2 Likes
Step 1: Put on your military uniform…
14 Likes
Lol, this is probably not going to end well.
You can be a big loser, but it’s impossible to be a big looser.
1 Like
Yury_S
April 28, 2021, 1:31am
14
Yes.
Initially they provide 7k and 1100 per month
Is your MF actually .0035?
Yury_S
April 28, 2021, 1:38am
17
I just need to figure out how bad it is. Feel not good right now.
Yury_S
April 28, 2021, 1:38am
18
7300 is down payment and 2k is fees
Then figure it out and learn. I posted a resource to help you do so.
Go enjoy the car, it’s a great car. The deal is done, no reason to look back. Learn from your mistakes in 36 months.
3 Likes
Yury_S
April 28, 2021, 1:56am
21
MF = (6900 Range Charge/ 36 month )/ (60.5k Adjusted Capitalization cost + 38k Resedual value) * 2400 = 5% , right?
ok 1% of car cost with 2k on sign off:
62k / 100 = 620 * 1.1 (for taxes) = 682 - 820 * 36 +5000 = 10500 what’s I am lost.