First time car buyer. I have so many questions

Caroline007

How much should I negotiate for a 2021 Hyundai Sonata SEL

kyfdx

Caroline007 said:

How much should I negotiate for a 2021 Hyundai Sonata SEL

Edmunds price tools

LB02

Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
Thanks.

kyfdx

LB02 said:

Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
Thanks.

I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.

LB02

kyfdx said:

LB02 said:

Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
Thanks.

I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.

Thank you. What about $200?

kyfdx

LB02 said:

kyfdx said:

LB02 said:

Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
Thanks.

I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.

Thank you. What about $200?

Possibly. But, doubtful.

Any $20,000 car is going to be $1200 just for sales tax.
$600 for acquisition fee..
$600 for DMV/dealer fee

That's $67/mo, before you even start paying for depreciation/finance charges.

LB02

kyfdx said:

LB02 said:

kyfdx said:

LB02 said:

Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
Thanks.

I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.

Thank you. What about $200?

Possibly. But, doubtful.

Any $20,000 car is going to be $1200 just for sales tax.
$600 for acquisition fee.
$600 for DMV/dealer fee

That's $67/mo before you even start paying for depreciation/finance charges.

Gotcha. So a lease of a Ford escape S 2020 FWD for $259/month after tax and 0 down is a good deal?

LB02

Hi, what does it mean $2500 retail customer cash in the disclosure on the website dealers?

Michaell

LB02 said:

Hi, what does it mean $2500 retail customer cash in the disclosure on the website dealers?

That’s an incentive if you buy the car, not lease it.

kyfdx

LB02 said:

kyfdx said:

LB02 said:

kyfdx said:

LB02 said:

Hi, I'm interested in leasing a car I don't want to pay more than $150 per month and 0 down. I live in the Baltimore City area, can help me and guide me on what make and model to look. I don't know if that monthly payment can be real or it's just in my mind.
Thanks.

I haven't seen any vehicle that you could lease for that amount. Especially in MD, where you pay full sales tax for the vehicle, even on a lease.

Thank you. What about $200?

Possibly. But, doubtful.

Any $20,000 car is going to be $1200 just for sales tax.
$600 for acquisition fee.
$600 for DMV/dealer fee

That's $67/mo before you even start paying for depreciation/finance charges.

Gotcha. So a lease of a Ford escape S 2020 FWD for $259/month after tax and 0 down is a good deal?

I don't know without the details. Given the residuals, you could probably lease an SE for less money