Need money factor/Residual/lease credits

GuinnessGuinness Member Posts: 5
edited July 2019 in Chevrolet
Looking at a Chevy Equinox, 2019, LT w/2LT MSRP: 33230, My price $29905
Want to lease it for 36 months and need to know money factor, residual, lease credits
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  • GuinnessGuinness Member Posts: 5
    Forgot to mention that I would need 12K miles per year, for a total of 36K for the 36 month term...thanks
  • kyfdxkyfdx Moderator Posts: 267,590
    Guinness said:

    Forgot to mention that I would need 12K miles per year, for a total of 36K for the 36 month term...thanks

    AWD or FWD?

    What is your location?

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  • GuinnessGuinness Member Posts: 5
    FWD in Freehold, NJ 07728
    Thanks
  • MichaellMichaell Moderator Posts: 264,218
    Guinness said:

    Looking at a Chevy Equinox, 2019, LT w/2LT MSRP: 33230, My price $29905
    Want to lease it for 36 months and need to know money factor, residual, lease credits

    Guinness said:

    Forgot to mention that I would need 12K miles per year, for a total of 36K for the 36 month term...thanks

    Guinness said:

    FWD in Freehold, NJ 07728
    Thanks

    .00051 and 59%
    $500 lease cash
    $650 customer incentive

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  • GuinnessGuinness Member Posts: 5
    Thank you for the info Michael. Much appreciated. Let's hope I can put it to good use.
  • GuinnessGuinness Member Posts: 5
    Help! So, I've taken the info provided re residual value, money factor, dealer/mfr promos, etc. and plugged them into the leasehacker formula to determine what a monthly lease should cost. The numbers the formula spits out is half of what the dealers are quoting, e.g., $189 from leasehacker formula vs $338 from dealer...Is it me or are the dealers that greedy?
  • MichaellMichaell Moderator Posts: 264,218
    Guinness said:

    Help! So, I've taken the info provided re residual value, money factor, dealer/mfr promos, etc. and plugged them into the leasehacker formula to determine what a monthly lease should cost. The numbers the formula spits out is half of what the dealers are quoting, e.g., $189 from leasehacker formula vs $338 from dealer...Is it me or are the dealers that greedy?

    Can't help you with the LH calculator. I've built my own, with this link:
    https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

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


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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

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