I am new here and trying to use this post to learn but I am not sure I get it. Let me say I think is going on and please let me know if i am getting it wrong.
I always buy and have never considered leasing, please be patient if i sounds like i am 5 because w.r.t leasing I am 5!
Sales prices is listed as
Sell Price………………….. 59395.00
Total Cash/Rebates…… 17380.00
Question 1 : This means I am effectively getting the car for 42015. Is this right or wrong?
Question 2 : How am i getting the cash? Do they just give me a lump sum upfront? Or do I get to skip payments? How does it work? ELI5
Then I look at the amount of money I have to pony up to lease then buy. I get
- Bottom line: DAS = 630.00 followed by 35 monthly payments of 630.54 each.
- RV (50% x MSRP)………. 30197.50
That comes up to = 52896.4
Question 3 : Why is this 10k higher than the sales price sans rebate? I understand there are finance charges, fees and taxes but is that really 10k in this case?
Thanks a bunch folks?
Also is there a link in leasehackr where i can self educate, the leasing 101 articles don’t look very 101 to me. Is there a complete idiot version of that?
I will try to learn from the link but please do answer the above to give me a leg up on this. thanks