Hi Guys,
Have a offer on the table for a lease for a 2024 Escalade
Trim: Sport Platinum
MSRP:118k
Term: 36 Months
Millage: 10k
White Exterior
Brandy Interior
Down Payment: First month payment only $1900
Monthly: $1900-1950
is this a decent price? any dealers here with better rates?
If you want feedback you need to share an actual breakdown of the lease proposal. No one can give you a general opinion on if that monthly payment could be improved without more information.
sorry forgot to add it just edited post
Whatās the discount off msrp for starters? This payment looks appetizing to be honest specially for sport platinum. Remember redesigned 2025 will be out soon too.
36/10 is good to know, the color combos are not relevant. Did they break down the discount for you? What rebates do you qualify for?
to be honest thats all i was told i use a leasing company out of NY that Iāve gotten all my cars from so these arnt bs numbers but i was told they dont take much off these cars and for loyalty i have nothing to apply. Iām aware of next years slight redesign but i like the design of the 2024 better
zero rebates maybe 2-3k off the car at max. not qualified for any loyalty
Why would you pay $68,000-70,000 to rent a $118K MSRP car for 36 months?
Run a calculator to see what payment should be for your DAS. If you canāt do this you are most likely leaving a lot of money on the plate.
Would financing be a better option?
Did you pick this trim because itās the one that leases best (MF, RV, incentive combo)?
I purchased a 2024 Sport in June, total after tax was $120,xxx, nothing down, and with financing (5.5%), my monthly is $1980. I would definitely say that financing is a better option given those numbers.
Damn, same time last year Sport Plats were $20k ADM minimum.
BTW, thereās a ultra low miles used Sport Plat with Onyx package and powered side steps (course you want Onyx package and side steps right?? why arenāt these standard in a Platinum?? Is GM Dumb??). Maybe save a few grand on this.
PS, I know almost everybody uses these for various expense write-offs. US taxpayers pay for people to drive EVs and Escalades. But this car isnāt leasable since it was titled already. As Joelomag indicates, you can just take a zero-down loan on this and beat the quoted lease payment that you started this thread with.
Why does this always have to be explained to some of you people time and time again? FFS, you can write off the lease. No one gives two shits whether itās $5k per month.
Sounds like someone has a case of the Mondays
Depending on tax situation they could also Section 179 it, but its only 80% of cost now.
Generally wise to ignore the comments from those self-proclaimed āexpertsā that likely have never owned a business, have only leased or owned one car in the last 10 years, do not know how depreciation works on an owned asset and have nothing better to do than second guess and criticize the decisions of others when they have zero experience with the subject themselves.
The amount of tiktok finance gurus boasting about free G wagons with this āamazing hackā is comical
The numbers donāt look great from a purely TCO perspective. There are a few posts in the thread talking about tax benefits, but that is something we are not privy to when it comes to your situation.
Iād get the numbers from Edmunds and pencil out what an MSRP deal would look like with no discount. Then figure out if a discount is possible, find your target price, and email/text dealers to see if there is interest in entertaining your offer.
Even if you utilize tax benefits as part of this lease, it is still in your best interest to find the best price/deal possible.
