Hi I am trying to lease a 2022 alfa romeo veloce in the misano blue and it is in ford’s PA just wanted to know if this is a good deal?
Msrp 55645
Selling price 48542 after discounts
2500 down
Monthly payment 599/ month
42 month 12k/yr lease
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Do you mean Wilmington pike Alfa Romeo Maserati?
It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.
We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.
- Read Leasing 101 (EDITORIAL | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!! While you’re at it, be sure to watch the LH video (How to Use Leasehackr - YouTube) to brush up on how to most efficiently use the resources here.
- Pick a specific vehicle that you want to target
- Gather the current MF, RV and incentives from the LH Calculator - Lease Program Query or Edmunds forums for your zip code
- Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
- Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
- Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.
With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.
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it is not.
So far I have contacted multiple dealers for this car and the closest one to the 599/month is 659 and this is pretty much top spec for this car with the misano blue color
Did that and it comes out less of a payment then the Calc is presenting
Yes it is that one
Yup exactly
Yes it sure is!
This is a good indicator that the deal either isn’t what you think it is or you’re using the calculator incorrectly. Either way, it’s worth determining why.
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What is the breakout between dealer discount and incentives from the manufacturer?
Why do a 42 month lease?
Is it $2500 towards a down payment or is it what is due at signing (usually covering fees and first month payment)?
@Yasar_Malik - Have you done this? If yes, what are the numbers for your zip code?
I did a 42 month lease for the lower payment and 2500 down payment.
I do not want to sound mean, but it sounds like you are trying to lease a car you cannot afford. Why not find something that is within your budget? Are you married to the Alfa?
I’m just trying to get the best deal out of it that’s all and I do love this car too prob just gonna go for the deal I have rn alot of other dealerships asking 700+ with the same circumstances
Why would you move forward with a deal that doesn’t seem to be adding up correctly? Why not take the time to at least figure out what’s going on before rushing in?
I don’t feel like it’s not adding up correctly I think I might have not put the fee amount correctly in the Calc but I do feel it might be a higher price due to the market
It may be not adding up correctly because of user error, but why not sort that out first?
Have you gathered all the info from the Edmunds forum?
Stretching a lease over 42 months instead of 24 or 36 months tells me that you are just focusing on the monthly payment. You are doing this all wrong.
If I were in your shoes, I would take a step back and stop contacting dealers.
But also this deal is 2800 dollars less than all the other deals in the market based on the total amount at the end of the lease