Yet another example of how “asking for a friend” threads are a waste of everyone’s time.
Buyer don’t know jack, buyer’s friend just shrugs when asked to figure it out, won’t hire a broker either… wtf are they all expecting, a deal to just fall into their laps?
She got a $53K lease model for $4500 down, $650 / month from the guy who gave her the lowball “deal” earlier.
She likes negotiating, and didn’t want to use a broker. It is good to know about brokers, because I might be able to use one or suggest one to someone.
I guess you are supposed to use that tool. I couldn’t figure it out at all myself before. I don’t have perfect credit, and wasn’t sure what to but in for it. Also, have no idea about incentives, fees, and some other things. It is probably great if you are a car salesman or lease broker, and work with it all day. Can tell by negotiating with different dealers about what the price is.
Most of the posters here seem to work for car dealers or used to and mostly seem nasty.
$4.5K down or $4.5 due at signing?
I’ve leased 9 cars (5 for myself, 4 for family and friends) and I’m just a random joe working in tech who likes driving nice cars every 3 years. Literally never worked at a dealership
I came to this forum back in 2017 when I got screwed on my first lease (because dealership got me in a bad deal) to learn so I can continue to drive nice cars, help my loved ones, but actually with good deals and saving money.
Does your friend understand that the “money factor” is how a dealership sets their APR on the lease, that they can inflate it, and that she can get this number from the above posted calculator or edmunds so that she can ensure they don’t screw her? Or to check the residual value & lease incentives to ensure she’s not over paying?
Maybe comparing it to other recently signed deals on this forum to ensure she is not getting screwed?
& like I very recently learned (look at my recent posts), measuring leasing against financing that same car to ensure it is even a good lease in the first place?
If your friend doesn’t have any knowledge of the above & has no interest in learning it, yet also won’t hire a trusted broker because she doesn’t trust them - it sounds like a bit of dunning-kruger effect.
She should either read the leasing 101 page on this forum and start researching other recent genesis deals (free data to make an educated decision…), or hire a broker who will literally save her thousands.
$650 monthly payment with thousands down on a $50k ish car goes against so many values on this page.
Nah, for some peeps ignorance is a bliss… and we are just nasty people getting in their way.
Yes!!! Lil Ms. Negotiator Extraordinaire ended up with an effective payment at least in the 8s assuming it’s a 36 mos lease (really hope it’s a 24) and $4500 DAS (really think it was DP) on a $52K car.
Full disclosure: I did work for a dealer for whopping 100 days or so about 30 years ago while in college. Those were the wild days when you did not have to disclose cap cost - it was all about the payment… or so we were told to tell customers 
Pulled my license off the board on Thanksgiving day at lunch and told the a-hole manager that I was going to be enjoying a real turkey at home. Vegas the next day.
I asked about it before she signed. No one said anything about the figures. Everyone said to use some weird software. It was a lot better deal than the other dealers were offering. The prices are much higher now.
And literally rejected every piece of advice that was provided to you politely.
The GV70 is not frequently discussed here, so “figures” for this car are not as readily available as they are for other cars.
That’s why we suggested you
The calculator can be a bit intimidating at first, but it provides valuable insight into how lease deals are structured and provides a way for you to determine what a realistic deal might be. Otherwise, one is simply pulling numbers out of thin air.
Well, that does tend to happen when the OP keeps rejecting basic advice.
I do think that posters here have gotten more short tempered over the years. But, TBH, posts like yours are part of the reason why.
We still don’t know what the lease term was of your friend’s deal (duration? mileage? was that $4.5K cap cost reduction or DAS). So your post will be of limited use for people looking for a GV70 in the future.
All just my $0.02.
Most of the posters here are people going out of their way to offer free advice to people to save them thousands of dollars for no benefit to themselves and typically expect nothing other than for the people they are trying to help to put in even the most minimal effort into their own deal. You were given all the tools needed to be successful, including step by step directions of exactly how to use the calculator and ignored them all.
Essentially what you told everyone, even if you didnt mean it, is “do everything for me, i cant be bothered, and youre all mean for not doing it for me.”
People get short and nasty when people expect strangers trying to save them money to put more effort into their deal than they do themselves. All we ask is that people are open to learn and try.
Once again the “asking for a friend” thread was a waste of everyone’s time.
The buyer didn’t GAF, why should anyone else?
Muted.
4500 due at signing obviously, 12K miles per year, 3 years.
And was this for a 2023 or a 2024? Which engine (2.5T or 3.5T)? These details affect the lease structure and will be helpful in allowing other posters looking for a GV70 lease.
It is 2024 2.5T
I probably misunderstood. Yeah, not willing to work it out in such detail. I tried that program and another program for myself a year and half ago. Could not see how to get anywhere near accurate numbers. Particularly, then new cars were high and used cars, like the leased vehicle I was turning in over mileage, were relatively even higher. So just negotiated with different dealers. Yeah, sorry, I probably don’t care enough.
I will probably use a broker next time for myself. I am OK with negotiating, but the broker should save more than the $15/month their fee is.
I looked it up, and it is important to get out brokers’ reviews etc. Some charge no fee and get paid by the dealer, usually more for a bad deal, which defeats the purpose of a broker.
dude, your attitude is hilarious. I leased two cars myself with a broker I found on this site, did a ton of due diligence using the calculators here, and got very useful advice if you know how to ask and how to not come out as as entitled and obnoxious.
Gen Z?
Anyway, thanks for making me laugh on a Saturday afternoon. Landed on this post cause I’m gonna shop a GV70 myself now.