I’m new to leasing a car so want to get some feedback from you folks. I did remember hearing from friends that monthly payment of ~1% of MSRP would be a good deal but maybe that was a few years ago when the rate is much lower.
Any suggestions? What would be a reasonable target for monthly payment for a car in this range? Also, I’m not very clear about the buy-out options. How is the buy-out cost calculated? Is it just the RV or should I add something else on top?
It’s not a bad discount but they are adding back $1400 in fees that you should try to get removed (appearance & dent protection). Hard to say what the money factor is you are being quoted but I would guess it’s not buy rate, given it yields the payments shown here.
I just tried again in calculator and it seems they did not add the $7,500 lease credit at all and I’m able to reproduce those numbers… Does that make sense? I thought they should try to make their number looks better by any means…
They have a $7500 rebate listed in the “lease options” grid. The payment isn’t off by enough to be short $7500. With the full MF markup (and $699x2 fees) I have a target payment of $988 (inc tax) with $3000 DAS.
might as well go with Auto so you dont have to keep going back n forth with the dealer. With same msrp you mentioned here, Looks like a $926 Payment -+ a few dollars. $3000DAS
I was trying to use the LH rate finder and it assumes MF of 0.0021, and I guess their 3000/5000/7000 is just ‘down payment’ instead of DAS.
Basically if I remove the 7500 credit the resulted number pretty much match theirs.
