Good Lease Deal or No

leo7305

Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal. I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in. I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats. Good deal or no? Thank you.

kyfdx

leo7305 said:

Michaell said:

leo7305 said:

Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal.

I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in.

I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats.

Good deal or no? Thank you.

leo7305 said:

Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

I would recommend you start by spending some time reviewing the articles at this link:

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

Thanks for the article. So the residuals on this Night are:

24months = 31, 717.30
36months = 27,889.35

Monthly payments are $416 and $385 respectively both with $500 down. This is with friends and family and loyalty discounts factored in. Do you think I'm getting a good deal?



Is $500 the total amount due at signing?

If so, those look like great deals.

leo7305

Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

Michaell

leo7305 said:

Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal.

I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in.

I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats.

Good deal or no? Thank you.

leo7305 said:

Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

I would recommend you start by spending some time reviewing the articles at this link:

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

leo7305

Michaell said:

Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal. I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in. I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats. Good deal or no? Thank you.

Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

I would recommend you start by spending some time reviewing the articles at this link: https://www.edmunds.com/car-leasing/

Thanks for the article. So the residuals on this Night are:

24months = 31, 717.30
36months = 27,889.35

Monthly payments are $416 and $385 respectively both with $500 down. This is with friends and family and loyalty discounts factored in. Do you think I'm getting a good deal?

leo7305

kyfdx said:

Michaell said:

Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal. I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in. I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats. Good deal or no? Thank you.

Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

I would recommend you start by spending some time reviewing the articles at this link: https://www.edmunds.com/car-leasing/

Thanks for the article. So the residuals on this Night are:

24months = 31, 717.30
36months = 27,889.35

Monthly payments are $416 and $385 respectively both with $500 down. This is with friends and family and loyalty discounts factored in. Do you think I'm getting a good deal?

Is $500 the total amount due at signing? If so, those look like great deals.

Yes. Awesome! I really appreciate the feedback. Still sifting through that article too. Learning! Looks like I have a Flame Red Ram Night in my very near future lol.