Ah, gotcha…
In that case, how many miles do you have to do for the ROI on the hybrid to turn positive?
Use the LeaseHackr calculator. Here are a few tips: LH Calculator and how to use it
Your MF is 0.0002 (which I would check with Edmunds)
Your RV is 50% (which I would check with Edmunds)
Calculate your dealer discount and put that as your selling price and your incentives (rebates) and put those under taxed incentives and you will be good to go. To figure out your DAS, calculate out your inception fees with dealer and government fees.
However, my question is whether you are sure about buying the car out or not? If so, you might want to check current purchasing rebates vs. leasing rebates. I think the dealer discount will be either either way, but work out which one is better for you.
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That’s not going to totally address calculating the break even time for the hybrid vs the ice version of the vehicle.
To do that, one would need to determine the cash flow for both vehicles, particularly the lease cost and fuel costs per months, and either graph and see where they intersect (the easy way) or set the equations equal and solve for time (the more math intensive way).
What you’ll likely find is that you have to own the vehicle for many many years before getting the hybrid pays off due to the gas savings. It’s a calculation worth making before tying up that much cash.
I thought he was referring to calculating the lease in the calculator using the lease sheet from the dealer.
But the ROI on hybrid is also very important. Just make sure you adjust for gas prices in your area before everything went nuts. That way you can really gather your true costs. I think Edmunds has one that has a trade in and a new car, but just adjust the trade in and MPG values to the MSRP and MPG of the non-hybrid.
Don’t want to just go off MSRP as hybrid and non hybrid versions tend to have very different incentive programs.
Whoops. OTD prices might be a bit better (MSRP less dealer discount and rebates plus taxes and fees). I don’t know how you could do it for leasing, but I am sure there is a way to compare.
Either take the delta in total lease cost between the two and see how many month’s of gas savings it takes to equal out that delta or graph the two cash flows and see which month they cross.
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How is the MSRP so low for a ES300h? It starts at $42,8xx before destination
Funny question…I’m new to leasing and doing my homework…how do you check for incentives/discounts on Edmunds? Is it just looking at a car’s info on that website?
You need to post in the vehicle specific lease thread on the edmunds forum and ask. Easiest option is to google “edmunds lease 2020 lexus ES” (in this case).