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Is this a good lease deal???

598 Views 8 Replies 3 Participants Last post by  ISFAN
500/month 0 down 12k/year
due at signing including security deposit first month and mv fees, $2100
All options except wood trim.
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Some questions first:

1. How long of a lease?

2. Is the 500.00 including tax? Remember you pay tax with each payment on a lease.

3. You say 0 down, but it does not look that way, if you have to come with 2100.00. Yes, 500 first payment and 500 security. I assume the MV is motor veh.(tag) fees? If so that should only be around 100.00 bucks or so. So it looks like you are putting down about 1k.

4. What is the cap cost on the lease?

5. What residual are they using.

Once you provide the answer to these questions, I will be able to tell if it is a good deal or not.
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In my honest opinion I do not believe it is a good deal.

Here is the Lease deal I go. Now I live in Florida.

Cap Cost 32,300( MSRP was 33,800). Silver Is leather, sun roof,power seats

Payment - 468.72 + tax = 501.53

Down: 500.00 First Payment. 450.00 bank fee (note that this is a fee that is charged by the leasing company, standard) and tag fees which were about 90.00. That was it. No cap reduction.

Residual was 22,646.00.

That was it out the door. No other junk fees.

Note, your credit rating has a lot to do with how good of a money factor you will get on your lease.

It sounds to me like the dealer you are working with is padding the costs big time with those fluff fees. You can do better.

Let me know how it works out.
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Shoot, one more thing. I have a 36 month lease. Do not fall for that extra 3 months. They are just getting more from you. Instead of cap reduction they added 3 months to the lease to keep your payment where you probably wanted it.

I would also bet that your 500.00 does not include tax. You could count on your payment being around 30.00 to 40.00 more depending on the tax in your state/county.
Not sure if you will get this on time. I was away from my computer all day yesterday.

Make sure the itemize out the fees. The prep and etch I would get that removed.

let me know how you did.

Make sure they show you the cap cost on the lease and it is what you agreed to pay.
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