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Lease Options Add-Ons

Cindy_G1Cindy_G1 Posts: 3
edited August 2020 in Kia
Three years ago, we leased for the first time, and with pure luck and stubbornness got within $15 of the advertised lease deal.

I am trying to educate myself about leasing. Is it legitimate for a dealer to add on Options exceeding the advertised vehicle's options? I thought the MSRP included the options. Wouldn't this in effect be charging you 100% for the options plus the value of the options included in the lease value of the vehicle, maybe around 50% of MSRP? If you rent an apartment with a new dishwasher, you don't let the landlord tack on $600 over the course of your lease to pay for it, because it is included in the value of the apartment! Maybe I need to compare the MSRP sticker with the options the car is equipped with for any dealer added options.

Comments

  • MichaellMichaell ColoradoPosts: 174,875
    Cindy_G1 said:

    Three years ago, we leased for the first time, and with pure luck and stubbornness got within $15 of the advertised lease deal.

    I am trying to educate myself about leasing. Is it legitimate for a dealer to add on Options exceeding the advertised vehicle's options? I thought the MSRP included the options. Wouldn't this in effect be charging you 100% for the options plus the value of the options included in the lease value of the vehicle, maybe around 50% of MSRP? If you rent an apartment with a new dishwasher, you don't let the landlord tack on $600 over the course of your lease to pay for it, because it is included in the value of the apartment! Maybe I need to compare the MSRP sticker with the options the car is equipped with for any dealer added options.

    Dealer added accessories will always be 100% of their cost. Never a good idea to have them included on any car you are planning to lease. The residual value is calculated against the MSRP - the bottom line number on the factory window sticker.

    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 / 2014 MINI Countryman S ALL4

  • Thanks for the advice.
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