Hi folks,
Looking for feedback on a pre-negotiated deal for a 2024 Taos SE in Southern California
MSRP $30501
Selling Price before any incentives $25133
36 months
10,000/year
Residual: 16471 (54%)
Down Payment $0
Monthly payment including tax $270
Tax rate (9.5%) CA
Here’s a link to the calculator
Seems like a pretty solid deal compared to what I’ve been seeing at dealerships, but also would be my first ever lease so would be very grateful for any feedback!
Thanks,
Asa
If that’s the vehicle you want, deal looks solid. I haven’t seen better here in the marketplace
I would love to able to replicate this deal in Michigan! How the heck did you get 17.6% off MSRP? Has it been on the lot for a while?
He went to LH’s pre negotiated deals (PND) in SoCal. It is a banging deal. LH is awesome.
If you hit that little arrow next to deal details, they always put a link to the calculator. In this case you’ll see the same 17.6% off MSRP.
Yea, the dealer must be so desperate to get rid of it.
Looks like the same dealer has 10 left! Haha
So wish there was a Midwest section!
thanks for the feedback, y’all!
Maybe it makes sense in isolation. Like if you need a car for exactly three years and don’t need a car again after that because you’re retiring from driving or leaving the country.
Otherwise what are your options when the lease ends?
A. Replace with another lease. A similar car would cost you the same. So ~$12,500 spent on this lease followed by a similar amount for the next one. $25,000 spent on lease payments and leaving you with no equity. On a car with a selling price of $25k. Why would anyone spend that much money to have no equity or just a fraction of the equity of a financed car after the same amount of payments?
B. Buy this car at the end of the lease. Almost never makes sense to do that.
C. Buy a brand new car: you can do that today and if you’re diligent you’ll be in a better equity position than the lease would leave you.
D. Buy a used car. Why would anyone do that after leasing a brand new car at such expense
These are all the questions one must ask when looking at an unhacked lease.
I get $270x36 plus $2k = $11720.
The calculator shows a total cost of $12,439
Where is the extra $719 coming from? Not that it’s a big deal really. I have said before in another post that it does bring new perspective on these leases. It just surprises me that these lease packages are getting people to bite when it’s just wrong!
I think the PND is capitalizing the service fee and the rent charge/interest on it makes it $719 instead of $599 over the lease term. @delta737h will probably tell me where I’m wrong lol.
Anyway based on your recent two posts some user on this site is trying to use wonky math to take the sum of your tax and interest/rent effected payments and compare it against a untaxed and no-interest transaction price.
I’m sure they’re also ignoring opportunity cost since they don’t care to explain how trapping equity in a depreciating asset is actually a bad thing.
Just enjoy your new car instead of twisting yourself into the anti-lease rhetoric that is a bane on LH. Don’t feel bad about leasing if that’s what you want to do. Enjoy your car.
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