Is this a good lease deal in NY?
Monthly payment $490
10K miles
Purchase option price at end of lease: $34200
Payment to be made before picking up the car:$4300
Breakdown:
First month lease $490
Cash down: $1587
Bank acquisition fee: $1445
Documentation Fee:$175
up front sales tax,sales tax of cash down, tire deosit, plates, inspection fee
total: $4300
That’s impossible to say as you’re missing all sorts of key details like MSRP, dealer discount, incentives, etc. etc.
MSRP 48K, offered for 46500. No other perks. Don’t know about the other details.
Depends on your definition of a good deal.
The most logical conclusion of a lease is that you return it and lease again. That would be 2 x ($4,300 + (35 x $490)) = ____ over the next 72 months. And little to no equity after each lease.
If you see a benefit in that premium over paying off the car in 60 months and owning all the equity you should take the lease.
Every other deal (almost) in this forum is a hacked deal. The total cost of the lease and an assumed successive lease is so small compared to paying off the car and owning the equity, the benefit is obvious.
ok, thank you.
sounds like higher end of normal price range nowadays