I am currently finishing a lease on a 2016 Fiat 500e. Love the car. It’s just for commuting and has been reliable and fun with no maintenance issues.
Thanks to Leasehackr I knew how to negotiate and got a great deal:
36mos/12Kmiles/$0down
$195.21/month (tax and wear & tear insurance included). With $595 in drive off and $395 return fee. In retrospect, it could have been better. I could have done without the wear and tear and gone down to 10K/year and saved $30 a month.
BUT
Now, I’m trying to get into a new lease and finding it impossible and I may have found the reason why. The one SoCal dealer who finally (after too much back and forth) sent me the MF and Residual Value quoted the residual at 39% and MF at .0024%.
Is this possible?! 39%?!?!? If the residual is this bad, how are they planning to get rid of any of these? This puts a monthly at between $335-370 with tax.
Any advice?
At this point I may just buy a used Fiat 500e in good condition with low mileage.
Help.