Opinion on Lease Rate

Comments

• Options

  kyfdx Moderator Posts: 237,212

  December 2016

  rhpdev said:

  I am wondering what you think of this deal.
  
  MSRP: $54,723
  Sale Price: $53,637
  Term: 36 months
  Mileage: 12k per year
  Residual: 63%
  Money Factor: .00195
  Cash Down: $0
  Monthly Payment: $856
  State sales tax: 5%
  
  Seems high to me.

  Seems really high.. .00155 is the base rate, but that's high, even with a markup.

  Edmunds Price Checker
  Edmunds Lease Calculator
  Did you get a good deal? Be sure to come back and share!
  
  Edmunds Moderator

  0
• Options

  rhpdev Member Posts: 14

  December 2016

  I have an existing lease running 8 months $5446 left on my payments. How would this affect the deal?

  0
• Options

  kyfdx Moderator Posts: 237,212

  December 2016

  rhpdev said:

  I have an existing lease running 8 months $5446 left on my payments. How would this affect the deal?

  If the dealer has to eat the payments, then it will add about $160/mo. to the deal.
  
  Why get a new car, if you still have eight months left?

  Edmunds Price Checker
  Edmunds Lease Calculator
  Did you get a good deal? Be sure to come back and share!
  
  Edmunds Moderator

  0
• Options

  rhpdev Member Posts: 14

  December 2016

  The $856 includes them picking up the 8 mths remaining. Why are we looking to get out is we are very interested in the 2017.

  0
• Options

  Michaell Moderator Posts: 241,318

  December 2016

  rhpdev said:

  The $856 includes them picking up the 8 mths remaining. Why are we looking to get out is we are very interested in the 2017.

  Your payment would be closer to $700/mo if you wait. Generally, not a good idea to terminate a lease that early.

  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!
  
  
  MODERATOR
  
  2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  0