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39-month lease vs 36-month lease which is the better deal?

krodamikrodami Posts: 1
edited July 4 in Volkswagen
I am new to leasing and am a little confused how to spot the better deal.

36-month 10k/yr
$420.26/month Inc tax
Residual $24,017 / 56%
MF 0.00138

39-month 10k/yr
$417.10/month Inc tax
Residual $22,753 / 54%
MF 0.00138

Comments

  • MichaellMichaell ColoradoPosts: 114,692
    krodami said:

    I am new to leasing and am a little confused how to spot the better deal.

    36-month 10k/yr
    $420.26/month Inc tax
    Residual $24,017 / 56%
    MF 0.00138

    39-month 10k/yr
    $417.10/month Inc tax
    Residual $22,753 / 54%
    MF 0.00138

    If you multiply the payment by the term, you'll see that the 36 month term will result in a lower total cost.

    That assumes that the out of pocket money is the same for both quotes.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Everywhere, USAPosts: 123,050
    krodami said:

    I am new to leasing and am a little confused how to spot the better deal.

    36-month 10k/yr
    $420.26/month Inc tax
    Residual $24,017 / 56%
    MF 0.00138

    39-month 10k/yr
    $417.10/month Inc tax
    Residual $22,753 / 54%
    MF 0.00138

    I wouldn’t extend my lease by three months, just to save $3/mo.

    But, the amount due at signing is also relevant. What is that number?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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