Last post on Nov 14, 2013 at 11:30 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Dissecting the Deal - How To Spot a Good Lease
10 Steps to Leasing a New Car
The "Residual Value" of Leasing
Calculate Your Own Lease Payment
#83 of 194 Re: quick question on lease question [mefromfl]
Feb 29, 2012 (9:15 am)
According to the info I found online, FL calculates the tax on the lease payment. So you can just take that $2094.87 out of your equation. Calculate the payment, then add your normal sales tax rate to the payment.
Your residual should be 22635.58. Is that correct?
Feb 29, 2012 (2:18 pm)
yes residual is 22635
now they said they used a money factor of .0026
and they gave me a new quote with .0016 (that's what they said)
3919 down will be $339/month
that 3919 down includes doc fees, tag and 1st month payment
does that first money payment make a diffrence? that's confusing me
thanks for the reply
#85 of 194 Re: quick question on lease question [qbrozen]
Feb 29, 2012 (2:40 pm)
yes residual is 22636.58
is it better for me to pay off the dealer fees and tag fees first instead of putting all my money down as a cap reduction?
They are saying I can't use my rebate in the net cap cost total, i can use as a cap reduction though, isn't that same thing?
now they are charging me aqusation fees also since I found their numbers were wrong. Should i just walk away from them? they are puting some insurance fees etc in now without showing me the total selling price.
#86 of 194 Re: quick question on lease question [mefromfl]
Mar 01, 2012 (6:55 am)
yes, walk away.
#87 of 194 Re: quick question on lease question [qbrozen]
by Kirstie@Edmunds HOST
Mar 01, 2012 (8:38 am)
Leasing can be VERY complicated and confusing, even if everything is transparent, and especially for first-time leasers. If you are not completely sure about the deal and the dealership DO NOT lease from them.
Start over with another dealership. Feel free to come back here as many times as you need to and ask questions until you find a deal that you feel comfortable with. We have several members who are knowledgeable and willing to help you get the right deal - and thanks to qbrozen for helping this member!
#88 of 194 Re: quick question on lease question [mefromfl]
Mar 01, 2012 (10:00 am)
exactly as kirstie said... its complicated. And, unfortunately, some dealers use that to their advantage and try to make it even more complicated and confusing so they can milk you for more money. Don't let them do it to you!
#89 of 194 Re: quick question on lease question [kirstie_h]
Mar 10, 2012 (4:17 pm)
Just leased 2012 CTS Premium MSRP $49,165, total drive off $1500, 39 months, 12k, $525 including tax. Used Costco buying service. No hassle. Los Angeles.
#90 of 194 Re: quick question on lease question [qbrozen]
Mar 10, 2012 (7:07 pm)
The problem with leasing is getting the information one needs to compare leases. It's easy to find what your interest rate will be. It's not so easy to get the money factor or residual in a lease.
You ask the dealer what the money factor is and they look at you like you've asked them something offensive.
#91 of 194 Question on Honda CRV
Mar 20, 2012 (4:25 pm)
I dont think this is a good deal but I want some advice
Tax Included: $12,23
371 x 36 months, 0 Down
171.31 x 36 months, $6446.17 down
4.8% financing on lease
My feeling is that the 4.8% is high, and I dont understand the tax. 1,200 seems really high, plus I have a vehicle worth 9-10K to trade in that I do not think they factored in.
Thoughts? What should I be getting this car for?
Mar 21, 2012 (7:10 am)
I am looking to lease a 2012 lexus or audi and would like your opinions. A friend of mine just got a lexus ES 350 touring edition (MSRP 40275) for 7000$ down and 300/month. Is that a good deal? This is in New jersey. While I am currently leaning towards the lexus I want to know if the above is a good deal and if I should try to get the same.
What are your thoughts?
Thank you for your help.