Hello LeaseHackr Community,
I’m based in the Twin Cities, Minnesota (MN), and I’m looking for your help/expertise on a lease quote I’ve received for New 2024 Volkswagen Atlas Cross Sport 2.0T SEL Premium R-Line. Here are the key details:
- Selling Price: $51,421
- Mileage: 10K per year
- Due at Signing (DAS): $825 (includes first payment)
- Lease Term: 36 months
My concern is the monthly lease payment. It represents approximately 1.6% of the selling price, which seems high. When I asked about the money factor, the dealer played dumb. I like the vehicle, but I’m unsure if this is a competitive lease deal. It seems absurdly high for a $51k vehicle.
I’m looking for your advice on:
- Is the monthly payment reasonable for this selling price?
- What should a good money factor be for this vehicle?
- Any suggestions on how to negotiate a better deal?
Additionally, I’m interested in understanding if there are specific tax or insurance considerations for Minnesota that might affect this lease.
I appreciate any input you can provide, and I’ll make sure to update the community on the final deal in the SIGNED! section.
Thank you all!
