Looking to check whether a lease deal I was offered is a ripoff or reasonable. This is my first lease, and I am located in WI. I have searched Edmunds and these forums, and have seen much lower monthly lease payments or estimated monthly lease payments for the same model. They are telling me that the market for leases significantly shifted in June 2021, and therefore they cant go any lower.
Here are the terms:
- MSRP: $54,500
- Trade-in: $2,500
- DAS: $1,200
- Mileage: 12k/yr
- Residual: 53% (this seems very low to me, and they told me they have no control over it and cannot negotiate it higher)
- Payment: $885.89/mo
Thanks in advance for any help!