Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper General Questions about Leasing Vehicles
284 messages, Last post on Aug 01, 2009 at 9:50 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
Ask 'em here - questions about specific models should still be placed in discussions about those vehicles.
|
|
| Looking to lease a new car-first time buyer so I have many questions. however for this thread i want to ask about incentives for recent college grads...any truth to that and how can i make the dealership aware of this? | |
|
Replying to: d1ane (Nov 29, 2006 12:48 pm) tidester, host |
|
|
|
Why do people lease cars? Doesn't it mean that they are always stuck with a car payment and will never own their cars?
|
|
|
Replying to: parnelli66 (Nov 29, 2006 5:44 pm) |
|
|
http://www.edmunds.com/advice/strategies/articles/118780/article.html Edmunds.com is the only Web site to identify the best lease deals using a numerical formula rather than subjective opinion. The calculation takes into account the average transaction price of the car and then determines the savings provided by the lease. Currently, the top five lease deals available nationwide are: 2007 Audi A4 2.0T Quattro sedan 24 months, $379/month 30,000 total miles $954 drive-off fees* 2006 Mazda Mazdaspeed 6 Sport 24 months, $269/month 24,000 total miles $2544 drive-off fees 2007 Saab 9-7X 4.2i SUV AWD 27 months, $429/month 27,000 total miles $2999 drive-off fees 2007 Mercedes-Benz CLK350 3.5-liter V6 coupe 27 months, $449/month 22,500 total miles $3994 drive-off fees 2007 Subaru Outback 3.0 L.L. Bean Edition AWD 24 months, $299/month 20,000 total miles $2923 drive-off fees *”Drive-off fees” include lease acquisition fee, first month’s payment and any required capital cost reduction (down payment). According to Edmunds, of course. Agree, or have you seen a better deal? |
|
I am interested in a 12-month lease, non-vehicle specific at the moment. I know 12-month leases are "possible" because I have read a little about them before; like with a one-payment lease. But my concern is, how "available" are these? Most, if not all manufacturers' websites only advertise or provide calculators for leases of 24 months or more. Would these have a ridiculous MF? Any feedback is appreciated.
|
|
|
Replying to: blkhhr (Dec 21, 2006 1:37 pm) That is the only recent instance that I can think of.. The total cost for 12 months was around $6K, which isn't too bad of a deal on a lease that short.. Generally, you have to go out to 24 months to get a reasonable deal.. and that is only on select models... If they aren't running a special on the short-term leases, they are way too expensive... regards, kyfdx |
|
|
Replying to: blkhhr (Dec 21, 2006 1:37 pm) There are some lease assumption websites around where you can find a wide variety of short term opportunities. |
|
|
I’ve been looking to get into a new car since my ’03 LR Freelander is coming due in April. I pay 295 pm so I’m a bit shocked by some of the quotes I’ve been getting. I’ve been reading a lot of leasing tips but there’s so much involved that I’m becoming a bit overwhelmed and I’m not sure how to apply the information that I’m reading.  I’ve been pricing several different cars to see what I can get that fits my criteria. My requisites are: $300-$320 pm, $2500-$3000 TOTAL out of pocket and 15k miles per year. I also need a 3rd row seat and AWD. I’ve considered Saturn’s Outlook, GMC’s Acadia, Buick’s (now discontinued) Rendevouz, Toyota’s 4Runner and Highlander, and Mercury Mountaineer. I’ll use my experience at the Chrysler dealer as an example. The Touring version had an MSRP of $31,110, dealer said he’d give it to me at his price of $29,110 (now that’s 31,110 - $1500 Chrysler cash for $29,600) and he’s knocking another $500 off. (I didn’t ask for the money factor or residual because I felt the lease payment of $339 he quoted was still too high) Here starts the confusion… Edmunds says invoice is $28,588, so did he give me a good price or was there more room to negotiate down??? If there’s more room, how much more? Do I offer $25k? That’s sounds like a good number to me but probably won’t get me a deal. Help!! Also, is there a better time in the year to be leasing? Is September better than February? One more question: Is it better to go thru an independent leasing company rather than to attempt a lease thru the dealers’ finance companies? Thanks in advance!! Mara 
|
|
You are here:
Forums
Smart Shopper General Questions about Leasing Vehicles
