What is the general consensus on what a good score is?
Getting 8.9 on a Highlander SE lease before MSD. 10.1 with 9 MSD.
8.33 in my book. (100/12) for the 1% of MSRP rule.
@adamcar whats the 100/12 mean I know it equal 8.33 but not sure what the 100/12 represents? Sorry fairly new to leasing
8.33 might be good for the general public, but as a LHr, I think a minimum of 11, unless it’s a special unique vehicle.
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@Jon would you consider an 11 good including MSDs or before? Im going to be at either 10.1 or 10.2 depending which options I go with but that would be including MSDs. Also losing .2 because my credit is low 700s so ill be starting at 00143 instead of 133. Its a Highlander SE at invoice minus holdbacks.
There is no set rule. It’s all personal opinion. 11 including MSD is good, 11 without MSD is even better.
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I’m a newbie. Can you explain what these numbers mean. I think I know the 1% rule (Monthly payment should be less than 1% of MSRP)
The 1% “rule of thumb” is ok for in-demand vehicles such as SUVs and crossovers. For sedans, hackrs should be aiming for well below 1%.
Looking at getting a good eal, start with what you can control. Meaning, %discount from MSRP.
If you have a lease at exactly 1% monthly of MSRP, that equates to 8.33 years lh score.
Depends on what car. If you get a porsche with that score, you’re a winner. A sedan benz and bimmer, that’s not good. An electric car (not tesla) that’s a bad deal. So don’t worry too much about the hackr score. Make sure to compare it with the car you’re getting. Every car is different.
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Thanks everyone. Ended up with a better deal than expected on my Highlander SE and the score with MSDs was 10.9.
Indeed, shooting better than 1% rule only works on very popular model like Mercedes C300 or BMW 330i. Some sport car like current year BMW M5 with MSRP around $129k would be great to Just make it 6 years score with 10% discount from MSRP. Even with $0 drive off, the monthly payment is still near $1,800 before adding sales tax!
It’s because it is rare so RV is outrageously 50% with MF of 0.00182 (4.37%) which makes it expensive to lease.
I really appreciate this forum’s help to get a 8.8 year deal yesterday for 2019 Altima platinum trim for daughter. I wish to have this a little earlier before the lease of the sport car.
Is 1% monthly while 0 down or 0 drive off? Also what is 100, why 100/12?
I’m getting a $520 for MSRP $52295 with 0 down but 1000ish drive off. The score however shows 9. This confused the heck of me.
1% is a useless number that’s gained traction for some reason. A 1% deal on one car may be an amazing deal and a horrible deal on another.
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Please don’t bump 2 year old threads.