Lease Options Add-Ons

Cindy_G1

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.

Michaell

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.

Cindy_G1

Thanks for the advice.