New to car leasing

sanchezjessi

Hello everyone. I am fairly new to leasing and have been browsing on the internet to prepare myself for the fine lines and dealer cost. I am having some trouble understanding the importantance of the MF and residual percent. If someone has the time and patience to explain in better detail how I can use these two number efficiently to help confirm my monthly cost I would greatly appreciate the help. I am planning on leasing a 2015 Volkswagen Jetta Sedan SE 1.8T w/Conn (automatic trans) in Coconut Creek Florida from Gunther VW.I plan on putting 2k down at signing and hope to have a monthly payment below $150 for a 36month lease with 15k miles a year. If there are any pointers anyone would like to add that could assist me with negotiating or help me better understand how I can tell the difference from a good or bad deal would really make a difference as I said I am a first time leaser and am really trying to prepare myself before going into the dealership. 

Michaell

sanchezjessi said:

Hello everyone. I am fairly new to leasing and have been browsing on the internet to prepare myself for the fine lines and dealer cost. I am having some trouble understanding the importantance of the MF and residual percent. If someone has the time and patience to explain in better detail how I can use these two number efficiently to help confirm my monthly cost I would greatly appreciate the help. I am planning on leasing a 2015 Volkswagen Jetta Sedan SE 1.8T w/Conn (automatic trans) in Coconut Creek Florida from Gunther VW.I plan on putting 2k down at signing and hope to have a monthly payment below $150 for a 36month lease with 15k miles a year. If there are any pointers anyone would like to add that could assist me with negotiating or help me better understand how I can tell the difference from a good or bad deal would really make a difference as I said I am a first time leaser and am really trying to prepare myself before going into the dealership. 

There are a number of good articles to be found here at Edmunds regarding leasing ...

http://www.edmunds.com/car-leasing/