First Time Leasing Help

Ask the Hackrs Buy/Finance
1

Hi Everyone I am new to this platform and leasing. I ran the calculator but have some specific questions as the numbers are coming out to good to be true. I am looking in NJ at a 2024 F150 Lariat with an MSRP of $82,835. I qualify for several incentives such totaling $2K. I see FORD is offering a $4K RCL and NJ also offer an additional $2K and no sales tax until October 1. I am putting down 8K. Lease is 15K/36 months

My confusion is I see the MF as .00049167 on a subvented lease in the calculator which looks like 1.1% converted. Is this correct on this lease and how do I make sure the dealer honors this? Also is the selling price after the incentives/rebates have all been removed?

Here is the sharable link of the numbers I plugged in. Thanks everyone!

CALCULATOR | LEASEHACKR’%20Box&tradein=0&fin_sp=82835&fin_taxed_fee=0&fin_untaxed_fee=0&fin_term=60&fin_apr=0&fin_dp=0&fin_rebate=0&fin_ps_rebate=0&fin_tax=0&keep_term=60&exp_rv=0&service_fee=0&monthlyTax_radio=true&bmw_demo_25=true&lease_result_mode=true&pretax_monPmt=585&lease_das=8585

2

Why are you putting down $8K on a lease with a 1% interest rate? Keep the money in the bank and use the interest you earn to pay off the higher payment.

1 Like
3

Great point thank you

4

Hello I am interested in learning more and if anyone could assist me. I had originally signed a 3 year 30,000 mile lease for my 2022 Hyundai Kona and they provided me with a 6 month lease. I am interested in seeing what my options are.

5

What do you mean they provided you with a 6 month lease? Do you mean lease extension?

6

Yes a lease extension they are now saying there is nothing I can do.