Hi! I’m looking to get feedback on a lease deal that I’m working on located in NorCal.
2024 Loaner with around 4k miles
Term | Monthly Payment | Residual % | Drive-Off | MSRP | Selling Price | MF |
---|---|---|---|---|---|---|
24 mo | $852.67 | 64% | $3,100 | $80,540 | $58,900 | .0043 |
No extras, knocked that off the deal. They originally wanted 7k drive off, but had that restructured to $3100 which covers 1st month, dmv fee, taxes and acquisition fee.
There’s a 80 basis point markup on the MF .0043. The base rate is .0035
Thoughts on the deal or steps I should take next? Thanks for the help!