Login


11292010, 08:26 PM  #1 
Private
7
Rep 75
Posts 
Lease Deal  Is This Right?
MSRP = $79,425
Invoice = $73,185 Assuming a selling price of $74,000  $1,500 (Holiday Cash), total selling price would be $72,500. I found the current convertible rates to be (please let me know if this is wrong): 36 Month – Residual 65% of MSRP – .00130 Base Rate (10k miles per year) If I did my numbers right, the total should come out to roughly $26,683.20 or $741.20 per month (not including tax). This just seems very low to me, but whenever I run the numbers I keep getting that. Can anyone confirm that those numbers are accurate? PS  I used the following guide for calculating the above: http://www.edmunds.com/advice/leasin...5/article.html Last edited by boarderman23; 11292010 at 09:30 PM. 
11292010, 08:42 PM  #2 
Captain
23
Rep 620
Posts 

Appreciate
0

11292010, 09:24 PM  #3  
Professional Car Shopper
40
Rep 784
Posts 
Quote:


Appreciate
0

11292010, 09:41 PM  #4 
Private
7
Rep 75
Posts 
Thanks, I edited the original post after recalculating (made a pretty simply mistake that threw everything off).
Should be $741.20 per month now for a 10k miles per year lease or $762.22 for 12k per year (which is what you got, thanks for the help!)...those numbers calculated with first month payment down at signing (I know there could be more, but just figuring without that). I think I'm going to pull the trigger if I can get this deal. Can you trade in a car when leasing? 
Appreciate
0

11292010, 09:59 PM  #5 
Captain
23
Rep 620
Posts 
You can trade in a car when leasing, but do not mix the two when negotiating on the new car.
Leasing is simply the finance method applied on the sale, so it is really no different when buying a car. Get the price for the trade separately, then deal on the new car, or better yet do the deal then bring up the trade. Too easy to get spun on inflated tradein values that get taken out in the new car numbers crunching. Many become so overcome with euphoria thinking they got "better than blue book" on a trade offer, they miss the difference was hidden in the new car finance terms. Treat them as two different deals. 
Appreciate
0

Post Reply 
Bookmarks 
Thread Tools  Search this Thread 

