Just wondering if this is an awful deal?
MSRP $50,850
Sale Price $48,734
$565/M
36mo. 10k
MSRP $50,850
Sale Price $48,734
Manufacturer Incentives -$1,750
DAS $3,744
Bank $595
DMV/dealer $609
Taxes $1,976
Residual $32,544
MF .00205
Should be aiming for at least $4,000 off maybe closer to $5,000
Run the calculator again based on those discount figures.
Also consider how much this vehicle would be worth in 4 years and how much equity you’d have after making payments similar to the lease for 4 years.
@max_g I assume you are talking about the MSRP?
Thank you
$4-5k off MSRP = selling price
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What about the rest of the numbers?
Thanks so much.
Look for 475-485/mo
Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option.
Rate Findr has that information, as they have direct access to it from the captive banks. It’s a tool on the Leasehackr Calculator, available to Super Supporters.
You’ll pay $26,500 to drive it for 3 years.
Quick Autotrader checks shows a 3 year old Touring AWD with 30K miles sells for about $35-36K retail. Which means $31-32K trade in. In other words it would cost you $18-20K to buy it and trade it in, vs $26,500 to lease it for the same 3 years, 30K miles use of the vehicle.
Edit: This was meant as a reply to OP.
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^^^ OP, if you have your heart set on this car, buy it. Don’t lease it
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Why buy over leasing? What would you lease? Open to other cars, but ones that fit the bill, are all in same price range.
I literally explained why. Like literally as in the correct use of the word literally. LOL
Man, why do people ask for advice and then when they’re give advice just ignore it?
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Because in this instance it would save you a ton of money.
And it would save a bunch on taxes on your next car.
And you’d be able to time the next transaction to your own preference. I know at least a couple people who leased the old body (again) like 6-12 months before the new one came out and just regret it pretty much every day. It just looks so dated now but they’re stuck with it.
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I’m taking your advice. That’s why I’m posting.
My question should have been, why are some cars better to buy over others?
Why buy a Pilot over Leasing a Atlas if they are the same price?
If I prefer to lease, what cars are better for leasing?
Thanks for further explaining @max_g
Now I can make an educated decision, based on everone’s information and advice.
Next time, I’ll ignore the Ask thread and post to the snarky response thread.
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But they’re not.
The answer changes frequently because there are at least 4 variables in play. Check Marketplace and Signed Deals & Tips
Thanks so much for your help. It is appreciated.
If I’m curt with you it’s because time is a factor . I think fast, I talk fast and I need you to act fast if you wanna get into the right vehicle. So, pretty please, with sugar on top, buy, don’t lease this car.
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How about the Telluride deal here on LH?
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All in means All fees and Taxes included!!
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Which one? Link please