Good Lease Deal or No

Answers

• leo7305 Member Posts: 6

  March 2018

  Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

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• Michaell Moderator Posts: 267,794

  March 2018

  leo7305 said:

  Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal.
  
  I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in.
  
  I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats.
  
  Good deal or no? Thank you.

  leo7305 said:

  Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

  I would recommend you start by spending some time reviewing the articles at this link:
  
  https://www.edmunds.com/car-leasing/

  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 / 2024 Kia Sportage Hybrid SX Prestige

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• leo7305 Member Posts: 6

  March 2018

  Michaell said:

  Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal. I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in. I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats. Good deal or no? Thank you.

  Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

  I would recommend you start by spending some time reviewing the articles at this link: https://www.edmunds.com/car-leasing/

  Thanks for the article. So the residuals on this Night are:
  
  24months = 31, 717.30
  36months = 27,889.35
  
  Monthly payments are $416 and $385 respectively both with $500 down. This is with friends and family and loyalty discounts factored in. Do you think I'm getting a good deal?
  
  

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• leo7305 Member Posts: 6

  March 2018

  kyfdx said:

  Michaell said:

  Firstly, forgive me for being such a novice at this. I don't understand the lingo around here like MF and residuals. Hence, I need help in determining whether or not I'm being offered a good deal. I'm turning in my current 2016 Ram Big Horn lease for another one. I found a 2018 Night edition, V8 4x4 listed for 54,085. I am in Michigan. The dealer offered $416 for 24 months or $385 for 36 months with $500 down for 12k miles. They said they will also include black tubular sidesteps. I also have a Chrysler friends code that was factored in. I'm apprehensive because my Big Horn was only $350 a month with $600 down and it came fully loaded aside from being cloth seats. This night edition doesn't have Alpine speakers, spray liner (has drop in), or a tonnoeu cover. But it does have leather seats. Good deal or no? Thank you.

  Btw, my current lease is for 15k miles. So I am dropping down to 12k this time.

  I would recommend you start by spending some time reviewing the articles at this link: https://www.edmunds.com/car-leasing/

  Thanks for the article. So the residuals on this Night are:
  
  24months = 31, 717.30
  36months = 27,889.35
  
  Monthly payments are $416 and $385 respectively both with $500 down. This is with friends and family and loyalty discounts factored in. Do you think I'm getting a good deal?
  
  

  Is $500 the total amount due at signing? If so, those look like great deals.

  Yes. Awesome! I really appreciate the feedback. Still sifting through that article too. Learning! Looks like I have a Flame Red Ram Night in my very near future lol.

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