I was looking for a new car and was highly considering leasing. I’m a noob at this as I I’ve always financed through my credit union and have gotten what I considered good deals since they were slightly below msrp but after looking at some of the deals I was curious about leasing instead.
I was wondering if it possible to lease a leftover 2017? I know 2019 models are right around the corner but I’m sure there could be an even bigger discount on a 2017 due to that.
Two cars that I was looking at are a 2017 bmw m240 with an msrp at 52,270 and a 2017 charger hellcat with an msrp of 74,825 which I know could be heavily discounted because they are 2017s. Any help would be appreciated. Thanks
First you need to find out if a particular 2017can even be leased. I leased a Challenger from Abe in Tustin about a week ago, but don’t expect him to come out of the gate with the most screaming deal. Last month the Hellcat had a MF of 0.00011 and I think a RV of 66% for 36/10, but me rebates or incentives other than that.
An LA broker or trusted dealer would probably save you a lot of work.
BMW has discontinued lease support for 2017 models back in April. Your chance to get a ‘leftover’ 2017 car ended there. Also 2 series have terrible RFs (53% for 36m/10k), low lease credit and low loyalty, so they won’t be really good leases.
If you’re in no rush for a Corvette wait until December and target the major dealers in Michigan, Illinois, etc. People have gotten great deals fairly easily. Lots of threads here and in the Corvette forums.
@Ursus - I’m probably not Professor Delta on this one, but the Challenger comes in about 15 different models, each with potentially large variations in rebates, MFs, and RVs. Mine is a 392 Scat Pack Shaker and there was a $3,000 lease rebate, a $1,000 lease conquest rebate, a 62-63% RV for 36/10, and a 0.00160 buy rate through Chrysler. I got $4,000 off MSRP on the car, but Dodge dealers are difficult and I stuck with the guy who had the model I wanted. I don’t think I murdered the dealer on it, but I took what looked like a good deal on the model I wanted (I think the SRT 392 has the better lease from Chrysler).
I don’t try to murder dealers either - I take what I consider to be a good deal for me. But what are your numbers, even if it is not a hackr deal? MSRP, monthly? And what is it with “62-63% RV”? It’s either one or the other.
It’s neither. I was going from memory after looking at several models, all with different programs. I didn’t post it because it didn’t seem like it had been through the usual beat down. Here’s what it was last month:
$56,195 MSRP
$51,195 selling price after getting to where I wanted to be
$00,895 acquisition fee
$33,717 residual 60% for 36/10
0.00160 MF with Tier 1 (I had an issue and got a lower tier)
$01,700 DAS from me
$04,000 $3,000 lease rebate + $1,000 lease conquest rebate
$00,529 payment before tax (if I had tier 1)
