Is this a good deal?
24 mos. closed-end lease. $3,499 cash or trade equity total due at signing
after application of $1,250 KMF Lease Cash + tax and applicable fees on
approved credit. 10K miles per day year. 20c per excess mile.
No security deposit. All model #3422 with MSRP $21,085.
Doesn’t seem like a good deal with effective payment over $320/m.
As @Jon pointed out, the $3,499 down over a relatively short period (24 months) adds a lot to the effective monthly cost of the car.
Using the Leasehackr Calculator, what kind of discount off MSRP does this ad reflect, and how does it compare to offers on the Marketplace?
Havent insurance rates on these gone up a lot?
Thank you for your responses. I’m on the hunt for a lease around $200 with a low DAS.
Right now its more like $300s with 0 down
Would you be able to point me towards those deals? I have been looking through the forum but haven’t found anything close to that.
Reach out to @Clutch maybe he can cook something up. Or try @Jrouleau426
Search for @Omegaautogroup
Edit
@yayar
For example his lowest priced car on his site is a Venue for $312 with $0 Drive off + Broker Fee with OC tax
Probably does not exist right now. Try the Nissan Leaf for starters
Would $3000 DAS for 15k/36 months $238 per month a good deal? The calculator estimated 5.9 years?
Where are you getting this calculation from and on what car?
I think it would helpful for you to clarify what your goals are.
What is your budget?
Are you looking for a specific type of car or will any car do?
Why do you want to lease vs. purchase?
My budget is max $300 for the lease plus insurance.
Any car will do
I’m looking to lease
Always look at it before putting money down.
And the one I listed you was the cheapest lease he had. So putting money down doesn’t change anything but your wallet.
Thank you, I feel like it’s a good deals and definitely considering it since the DAS includes all the fees.
How is leasing beneficial to you? Serious question.
You’re spending roughly half the car’s price over 3 years. Over 6 years you’ll have spent roughly the car’s entire price. And have nothing left to show for it except a bill for disposition and any excess wear and tear.
Financially this just doesn’t make any sense.
Thank you for explain it. So I would be better off just buying it instead?
Yes, but pick a car with a better combination of reliability & resale value. Maybe a Corolla? @Jeff_BeachCitiesAuto might even have a Corolla hybrid.
