Hi, I am in the process of taking over this lease. The MSRP was $55,975. Lease has 16 months left with about 1100 miles per month remaining. $616 per month not including taxes with a $3,500 cash incentive. I paid $545 for the lease transfer and credit check. $875 taxes upfront for NY taxes on the remaining payments.
Was this a good deal? Thanks
It’s $616/month after applying the $3500 incentive? That means you’re effectively paying $704.75/month inclusive of taxes for 16 months, but you’re still responsible for the disposition fee and any tires/damage fees at lease end. Sounds like a terrible deal to me.
No. It’s about $398 after the $3500 incentive.
So it’s actually $486/month after the incentive. It’s a decent deal, especially if you were looking for a short term lease. Just be extra careful for any damage or worn out tires you will be responsible for at turn-in time.
Thanks! I can’t wait to seal the deal.