After talking to some dealers they usually give me an estimated price upwards to 500/month so this deal just seems way too good to be true and I’ve read some of the horror stories with Rodo so I am having some difficulty putting myself through a credit check with the possibility of a bait and switch being pulled on me. Is this price realistic or is the $500 price some dealers quoted me more realistic?
Thanks in advance for any input and if I am missing some information, let me know!
You’re willing to pay $385 a month for a Jetta? That’s absurd. $500 is highway robbery. Spend 2 minutes reading here and you’ll see what other cars you could get for either of those payments
It’s pretty obvious I am still very new at this stuff . I just have no idea how to go about lowering the lease price that is being offered to me but I guess doing some more reading on this forum could help.
Look on the Marketplace for dealer/broker deals. You may want to reach of to them to save yourself time/pain… their pricing seems to be at least $100/mth less than what you found on Rodo.
Let’s get you started. forum.edmunds.com, add the car you want in a google search with that URL to find residual value and base money factor (important later, read more to find out what this means!). Browse marketplace as others have said to get a feel for what brokers offer on the forum. Below is some choice forum reading, that should help you get up to speed on what to look for, how to calculate a lease, and a step by step guide another forum member put together for people not often serviced by an auto broker.
Thanks for the help! Honestly this is all very confusing not going to lie. As someone who lives in Virginia, it seems pretty difficult to find a broker willing to do work here. Should I continue looking for a broker or would I be better off trying to do more research and trying to get my head around things?
How far are you willing to travel during these times?
NJ and eastern PA have plenty of broker deals. Depending where you are in VA, it’s a few hours drive. 3-4 hours from Alexandria will get you to most broker dealerships.
We have a BMW dealer in Atlanta on the forum, Mazda+BMW+Mercedes brokers that will sell to VA, and many would be happy to do a custom deal remotely.
Honestly, pretty far. I actually currently live in western PA but am moving to Richmond, VA at the end of this month. I’ll keep looking around at brokers near the DC area as there does seem to be a collection of them there too. Once again thanks for the reply
I suggest you do both, look for a broker and also do research just for the purpose of learning and understanding better the numbers and the process. Is always good to learn this stuff as you might need it in the future.