When I look at the lease deals on here I see a lot of the different factors such as MSRP, discount off MSRP, MF, and residual value but I never notice a credit score tier of the poster. How does credit score get factored into the deal, does that the credit score determine the MF only?
I was at the dealer yesterday and I wasn’t able to see any of these numbers, in fact they told me MSRP doesn’t matter on a lease which I know is not true.
When you guys post your numbers is that an estimate based of math or did you actually obtain the numbers (MF, residual) from them
Lower credit will likely result in a higher MF being charged. Occasionally it will change requirements for amount down as well. If the dealer makes any pricing adjustments as a result of your credit, they are legally required to tell you what the changes are.
Also, don’t go talk numbers with the dealer in person and don’t talk numbers with a dealer at all until you already know what they should be. The dealer is not the resource to go to for finding out what a car costs. It’s where to go to try to agree on the deal you want.
686 is tier 2. You might be able to get bumped to Tier 1 if the credit profile is right. They don’t just bump because. There needs to be a good justification
@Cody_Carter can chime in here if I’m wrong but Toyota dealers could get you approved for Tier 1 with a 620 but they lose bonus money for better credit scores.
Good advice, I was feeling the same way. I test drove the vehicle I like now that I know what I want I’m not going to step foot back in there until I’m certain the price is right. I am in south Florida, my wife and I both have some paid off autos, and I have an open auto on a 2018 f150 with + equity.
I won’t be trading anything in just a straight lease.
Leasing appealed to me because I can get my wife in a new worry free car for relatively low monthly payments. The first offer on a 2020 RAV4 LE (also has xp rims, tires, running boards, and emblems) was $494 A month, first month, tax,tag, and title. (Before we went in they said it would be under $300) I said no way considering I walked in there with expectations under $300 a month. Then they said same offer $408, and at that point i just left. They have texted me 1k down @ $390 a month if I come in today.
The MSRP is 27,800 but with their additions 31,500. Where should I start?
I don’t understand why a RAV 4 LE which is $27,800.00 and a relatively high residual is so expensive to lease. I have read plenty on here about people leasing 41k vehicles sub $325 but basic RAV4’s with average 65% residual I cant get for less than $360.
My expectations are unknown, I am new to leasing. I am looking for the best possible SUV (any manufacturer) with the best possible monthly payment. I went towards Toyota because the ads I saw and others have recommended Toyota because their high residual. The specific Toyota I don’t believe had $4,000 in add on’s it was just a RAV 4 LE with a payment just south of $340. The XP edition has an $1800 package according to a sales man I spoke with. I am not sure I am starting to think its the money factor from my tier driving it up so much.
I did, I was able to get the MF and Residual from edmunds, it’s the money factor adding the additional 80-100 and as far the the one with the xp package where I am financing their rims and tires. I am going to check out the market place.
