New to the whole car leasing experience in Central Florida and I have gotten (2) quotes so far with this being the lowest. I am just trying to see if this is a good deal or should I still shop around.
Monthly payment: $580-$590.00
Terms: 36 months/12k
Money Factor is 0.00225
Residual is 62%
MSRP: $48,766.00
Selling Price: $45,186.00
Government Fee: $495.50
Proc/Doc Fee: $1150.00
Gross Capital Cost: $47,441.50
Trade in Allowance: $20,500.00
Cash Cap Reduction: $1000.00
Cap Cost Reduction: $3,632.35
Adjusted Cap Cost: $43,809.05
Negotiate the payment down to at least $50 min, to get rid of the MF mark up. It should be 186
Also see what your Trade in is worth at Carmax/Carvana, you might get more money