Nice deal on a higher/specialty trim. I’ve enjoyed mine, it goes back next month. Nice to see that these can still be hacked. Did you have Affiliate or the TDM coupon?
While I was searching I saw a ridiculously low monthly rate in an AD and didn’t believe it. Clicked on it, saw all the lease cash incentives and went through a couple dealership until one finally accepted the price! I had 3 dealership turning me down and one even told me off while I was driving there.
Affiliate is not a coupon per se, it’s a control code that unlocks some additional discount that the dealer can claim. You can go to fcausaffiliates.com and check to see if your employer participates, it’s similar to GM Supplier and other fleet/affiliate programs different automakers run. In the past you could also sign up for Tread Lightly in order to get it but I don’t know if that’s still the case. There’s usually a waiting period if you go that route.
As for program details, it’s possible that the MF may be lower at 42 months but the residual value will also be lower too. While your interest rate is important, the primary concern is the amount of depreciation you are paying. These short terms combined with high rebate totals and aggressive dealer discounts usually result in a more attractive payment versus a longer term. You may be amortizing the depreciation over a longer period but there’s much more depreciation to amortize. You also probably don’t want to be stuck in one of these beyond the normal 36 month bumper to bumper warranty period. A third party bank lease like this seems to be might be the best option in certain circumstances but keep in mind that A) Some of the third party banks and credit unions are known for being strict about use/wear charges at the end and B) It will possibly be difficult to get out of the lease early, even if there’s positive equity in the car.
Just went through the paperwork and I signed with Stellantis Financial Services US as the bank. I can’t find the MF in the paperwork, but also don’t know if I should see it somewhere. Could it be influenced by credit score?
