C400 lease question

gasmansev

Offered a lease deal on a C400, MSRP $57785, monthly payments $582.5, 10,000 miles/yr, 36 months. $3500 at signing(includes 1st month payment). The residual is 61%.
Any idea if this is a good lease offer?
thanks

kyfdx

gasmansev said:

Offered a lease deal on a C400, MSRP $57785, monthly payments $582.5, 10,000 miles/yr, 36 months. $3500 at signing(includes 1st month payment). The residual is 61%.
Any idea if this is a good lease offer?
thanks

The C400 isn't all that cheap to lease, though your payment seems reasonable. Do you know the selling price or CAP cost? Tax rate and location, assuming that includes taxes?

gasmansev

The CAP cost is $57,785 and the payment does include all taxes (Iowa 5% rate)

kyfdx

gasmansev said:

The CAP cost is $57,785 and the payment does include all taxes (Iowa 5% rate)

The CAP cost is the same as the MSRP? You are paying sticker price?

gasmansev

I have gotten in touch with the dealer to get the correct details. Thank for your help, I am not too knowledgeable with leasing terms

gasmansev

The CAP cost is $50,643.66 with the Residual Value being $35,248.85.