Hi there - My wife currently drives a loaded 2017 Highlander Hybrid Platinum. Her lease was supposed to end May 1st, but given the current situation we extended it 6 months - not sure exactly what we’re going to replace with but thinking about either Audi Q7 or BMW x5. Anyway, I’m trying to learn f…

[image] Qbrozen: Actually, it is a common metric and I don’t think it gets blasted. What people do have a problem with is saying 1% is good, not that you can’t use %\mo at all. People will often quote %/mo, but purely as an output at the end to give a little bit of context. The problem is whe…

[image] mllcb42: The problem is when people use it as a target. Even though I have been chasing good leases for a couple of decades, before it was considered “hacking” per se…I am guilty as charged! I enjoy chasing a certain metric, but of course I understand the metric itself is the result …

[image] spockvr6: I am guilty as charged! That’s ok. You’re in a safe space now where you can work to be reformed.

Considering I have about $135-$140k worth of cars in my garage with a sum total of lease payments that are less than $600 a month, I will remain unrepentent! LOL.

How many times do you see someone score a “unicorn” deal and they end up hating the car after a few months… Don’t just shop the payment but keep everything in mind…

Ouch, harsh, but fair. I didn’t want to be too extreme, because even some broker level unicorns are more than 1% deals on some cars like the X5M. But you are right, leases need to be shopped comparatively to itself, not apples to oranges via MSRP to lease payment.

[image] HersheySweet: Ouch, harsh, but fair. If we give an inch with the 1% bs, people will take a mile.

The 1% is total BS, we should all be shooting for half that! I don’t recall ever seeing a posted signed deal that calculated out to 0.5% or less all in that ever fell into the “horrible deal” category. The only exceptions could possibly be those truly (nearly) free EV deals in areas where there ar…

Is there a reason the 1% rule isn’t removed from 101? There’s so much bad talk about how useless it is, why has it not been addressed? Seems like an easy fix instead of constantly having to explain not to go by that guideline.

[image] myles21: Is there a reason the 1% rule isn’t removed from 101? I am guessing that, for the average person off the street getting a car, without any real knowledge of the car leasing process, if they ended up at 1%, most of the time perhaps they came out of the dealership still wearing…

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Trying to understand my current lease in preparation for my next one

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