BUY OR LEASE

RICKY

LOOKING TO GET A VEHICLE THIS WEEKEND 01/13/2019 AND LOOKING AT 2019 FORD FUSION SE WITH MSRP OF 23015.00 IM A FIRST TIME BUYER WITH A CREDIT SCORE OF 754 AVERAGE. WONDERING WHAT THE LEASE PROGRAMS ARE LIKE FOR 3YRS AT 15K MILES A YEAR. ANY HELP WOULD BE GREATLY APPRECIATED, THANK YOU.

kyfdx

RICKY said:

LOOKING TO GET A VEHICLE THIS WEEKEND 01/13/2019 AND LOOKING AT 2019 FORD FUSION SE WITH MSRP OF 23015.00 IM A FIRST TIME BUYER WITH A CREDIT SCORE OF 754 AVERAGE. WONDERING WHAT THE LEASE PROGRAMS ARE LIKE FOR 3YRS AT 15K MILES A YEAR. ANY HELP WOULD BE GREATLY APPRECIATED, THANK YOU.

36/15
0.75% APR
43% residual
$2250 lease cash

RICKY

YES I BELIEVE SO, SO DOES THAT MEAN IF THERE IS A 43% RESIDUAL DOES THAT MEAN MY PAYMENT WILL BE BASED ON 57% OF THE MSRP PRICE FOR 36 MONTHS ?

Michaell

RICKY said:

YES I BELIEVE SO, SO DOES THAT MEAN IF THERE IS A 43% RESIDUAL DOES THAT MEAN MY PAYMENT WILL BE BASED ON 57% OF THE MSRP PRICE FOR 36 MONTHS ?

The depreciation is based on the difference between 43% of MSRP and the price you negotiate, divided by the lease term.

Then you have to factor in the rent charge (similar to interest on a loan)