Is this a good deal on 2015 Camry XSE lease?

femin

Just got a new lease

2015 Camry XSE loaded with options

MSRP $30385
$2000 Down
$650 bank fee
$300 tags
36 months / 12k miles per yr

$275 a month Tax Included (8.875% tax)


$17000 residual at the end of lease

kyfdx

Thanks for reporting in. Congrats on the new Camry!

femin

how did I do on the deal? I read a lot on how to negotiate a lease before I went in, but still left with doubts whether or not I got a good deal. the Gross Capitalized Cost of the car on my lease says $27414

Michaell

femin said:

how did I do on the deal? I read a lot on how to negotiate a lease before I went in, but still left with doubts whether or not I got a good deal. the Gross Capitalized Cost of the car on my lease says $27414

What is the breakdown of the $2000 of up front cash?

On the surface, $275/mo for a car that stickers for over $30K is good, but the devil is in the details.

femin

No breakdown really. Just cash down $2000.  I have to pay bank fee and tags separately.  Thats it

Michaell

femin said:

No breakdown really. Just cash down $2000.  I have to pay bank fee and tags separately.  Thats it

OK, if the $2000 is truly "cash down", your adjusted payment increases by about $55/mo.

Still, a decent deal.