Thank you for the info on the clk500. If the mfr price is 63,920, and I have as you stated, a residual of 61%, which is $38,991, and a money factor of .00310,(7.44%), why is the dealer charging me $37,000 upfront for a 39 month prepaid lease? I have excellent credit, so that can't be it. $63,920 - $38,991 = $24,929. So the car depreciates $25,000, and he wants $37,000?
The one payment lease is too high.. that is for sure.. but, you've left out the finance charge.. Even though you are making a one-payment lease, there is still interest involved.. You are using the entire car for the lease term, so you have to pay interest (pre-paid, in your case) on the residual amount. With that money factor, it adds up to about $9400 over the term of the lease.. Of course, that should be discounted some, since it is paid upfront..
You'll also have an acquisition fee.. and sales tax..
Looks like a bad deal though.. paying MSRP, high money factor, etc...
Who did you finance through? It makes me nervous because I'm in the same situation...returning a leased vehicle that has been in an accident. Everything was repaired, but obviously you thought so too. A $2000 bill would be tough to swallow. Were you present when they did the inspection or did you just turn it in at a dealership?
You're welcome, kmouradian. According to the latest information that I have seen, if you were to lease a 2005 Subaru Legacy GT Ltd. Sedan through its captive finance company right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00125 and 49%, respectively. The only cash incentives that I am aware of on this model at this time are a $500 bonus for consumers who trade-in their current vehicle and a dealer stair step program that provides Subaru dealers with up to $750 dealer cash per Legacy and Outback sold if they hit certain sales targets.
No problem, cosmos2. According to my calculations, if you were to lease a 2005 BMW 745Li with an MSRP of $82,120 and a selling price of $77,510 through BMW Financial Services right now for 3 years with 12,000 miles per, your zero down, pre-tax monthly payment should be around $943. With this lease, at lease signing you would be required to pay your car's first month's payment, a security deposit of $950, and BMW FS' acquisition fee of $625 ($900 in New York).
Welcome skimo. I am glad that you enjoy this discussion so much. Let's take a look at the current lease programs for the cars that you are interested in. According to the latest information that I have seen, if you were to lease a 2005 BMW 325i through BMW Financial Services right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00225 and 57%, respectively. When negotiating your lease on this car, keep in mind that BMW is providing $2,500 dealer cash on it that will help you to negotiate an attractive capitalized cost. If you were to do an otherwise identical lease of a 2005 BMW 325Ci, the base lease money factor and residual value should be .00100 and 59%. If you were to do an otherwise identical lease of a 2005 330i the base lease money factor and residual value should be .00225 and 54% with $4,200 dealer cash. Lastly, if you were to do an otherwise identical lease of a 2005 BMW 330Ci, the base lease money factor and residual value should be .00080 and 59%.
Hi krishno22. A couple of years ago, American Honda Finance Corp. instituted a policy where it will waive up to $1,500 in excess wear and tear on leased vehicles. One rarely gets assessed a bill for excess wear and tear when leasing through AHFC. You should not owe any money on your car.
The selling prices of leased vehicles are always negotiable. Furthermore, most manufacturers' advertised lease payments leave a little meat on the bone so to speak. I do know know the exact selling price that the advertised Civic lease that you mentioned is based upon, but I suspect that you may be able to lease this car for a little less than its advertised payment if you comparison shop a little bit. Negotiate the best selling price that you can on this car, and then have the dealer that you are working with calculate its lease payment using that price and AHFC's "buy rate," or base lease program.
Krishno22, if your current lease is not scheduled to end until May, you will not be able to get out of it early without having to pay your remaining lease payments. Sure, some dealer may tell you that they are waiving these remaining payments or that they are getting you out of your current lease early, but in reality they are just using money that they made off of the sale of your new vehicle to make your remaining lease payments for you. Getting out of your current lease early is going to cost you one way or another. Either you will have to pay your remaining lease payments out of your own pocket, or the dealer will pay them for you, hampering your ability to get the best deal possible on your new vehicle.
I purchased a 2004 Mini Cooper S last yr for 23699 plus tax title and lic fin for 48 mth also rolled over 3k that I was upside down from my previous car, my mth payment is only 448.00. I can walk away from it or agree to purchase it for 12500. I dont know of anybody paying more than MSRP for the Mini anymore. Just because it is a special order means nothing, their pretty much all special order cars. It is a great car, for the money I dont know of anything better.
Hey deeb. Honda's current lease program on the Accord is scheduled to run through May 2nd. So, program-wise it really does not matter if you lease your new Accord in March or April. Having said this, dealers are often more aggressive in making deals towards the end of the month because they are trying to boost their monthly sales totals. It probably would not hurt to shop for your new car at the end of March.
I can give you an idea of what the current lease programs are like on the cars that you are interested in. If you were to lease a 2005 Honda Accord LX 4-cylinder Sedan through American Honda Finance Corp. prior to May 2nd for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00038 and 53%, respectively.
Hyundai is not currently running a special lease program on the Sonata. As a result, if you want to lease one you would probably be better off doing so through an independent bank than you would be through its captive finance company. Traditionally, Korean vehicles have terrible residual values, making them bad vehicles to lease. If I was in the market for a 2005 Sonata, I personally would finance it through Hyundai at 0% for 5 years rather than lease it.
The late vehicle that you mentioned in your post is the "Toyota Civic." This car does not exist. Are you talking about the Honda Civic or the Toyota Corolla perhaps?
Here is the rest of the informaiton that you are looking for, pk303. If you were to lease a 2005 Honda Accord LX 4-cylinder through AHFC right now for 3 years with 15,000 miles per, its base lease money factor and residual value should be .00038 and 51%, respectively. The numbers for an otherwise identical lease of any 2005 Accord EX Sedan without navigation should be .00113 and 52%, respectively.
Catheryn2, I looked into this matter for you and Mercedes-Benz Credit Corp. provides a reduction of .00125 in the lease money factor that is used to calculate the interest portion of pre-paid leases. So a vehicle that normally has a lease money factor of .00310 would have a pre-pay money factor of .00185. So just calculate a normal lease payment on this car using the .00185 factor and its normal residual value. Add up the total payments, or just multiply the monthly payment that you come up with by the number of months that you plan on leasing it for and you have the total cost of a single pay lease.
Hi tomtaks. Nissan's advertised lease on the 2005 Altima is indeed a good deal. Having said this, the selling prices of leased vehicles are negotiable and I would not be surprised if you were able to lease one for a little less than its advertised payment.
Hey brickyarddog. You're right. Honda's current special lease program is scheduled to run through May 2nd. If you were to lease a 2005 Honda Pilot EX through AHFC right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00154 and 63%, respectively. The numbers for an otherwise identical lease of a 2005 Honda Pilot EX-L (no nav) should be .00154 and 60%. Both the Honda Accord and the Nissan Altima have more lease support available on them right now than the Honda Pilot does, but the Pilot still has a very strong lease program because of its attractive residual values and the fact that there is some lease support available on it.
I am interested in the current lease incentive from Honda (see below) for the Honda Pilot EX but don't want to pay $1,999 up front in capitalized cost reduction. What choices do I have for leasing the Pilot without paying the CCR and still walking away with monthly payments of $279 + taxs?
I'm assuming the incentive lease rate is based on the MSRP of roughly $30,120. If I negotiate the price down by $1,999, won't that yield the same monthly payment? The Honda dealer in my area has just marked their fleet of Pilot EX's down to $27,900, so I don't know that I can do much better, since that is only $500 above invoice.
Lease terms: 2005 Pilot EX (Model YF1845EW) for $279.00 per month for 36 months with a $1,999.00 capitalized cost reduction. $2,873.00 total due at lease signing (includes first month’s payment, security deposit, capitalized cost reduction and AHFC upfront acquisition fee; total net capitalized cost and base monthly payment does not include tax, license, registration, options and the like).
never have leased before..will purchase '05 lexus 330 and deciding on lease...cost about 31000 (out the door about 34000)..need at least 15000mi year for 2 or 3 yr program...i understand that lexus has a lease program thru 3/31...need help as to what to expect from dealer and what you feel is the best I can find....
After much research this weekend I am only looking at the Acura TL with Navi.
MSRP: $35,500 Invoice after Holdback is about $31,500 (per consumer reports). I was thinking of a purchase price of approx $32,500 - $33,000 Destination should be $570. I need a 15K/year lease and will have $2000 down. I would like a 36 month lease based on the fact that I like to get new cars, often.
You can do better. If you check out the Forum entitled "Honda Pilot: Prices Paid & Buying Experience", many buyers frequently buy Pilots under invoice price. The dealer still makes money from the holdback.
Looking to lease a 2005 BMW 4.4i. Price around $55K. Nothing down, 36 months, 12k miles/year. What is good money factor and residual value for leasing in Virginia?
Can you please provide the current MF and residual on both the XC90 2.5T AWD and the MDX touring with entertainment for 36 months and 12K miles/year. Also can you provide numbers for 10K miles.
Also, are there any incentives, rebates, etc. currently available on either of these vehicles.
I'm in the process of Looking to lease a 2005 Jeep Grand Cherokee and I was wondering what I should pay a month for 12k miles a year on the SUV below ?
2005 MODEL YEAR GRAND CHEROKEE LAREDO 4WD
PRICE INFORMATION PRICE INFORMATION (cont'd)
MANUFACTURER'S SUGGESTED RETAIL PRICE OF THIS MODEL INCLUDING DEALER PREPARATION
Base Price: $28,100
JEEP GRAND CHEROKEE LAREDO 4X4 Exterior Color: Brilliant Black Crystal P/C Paint Interior Color: Med. Slate Gray Interior: Cloth Low-Back Bucket Seats Engine: 4.7L Power Tech V8 Engine Transmission: 5-Speed Automatic Transmission STANDARD EQUIPMENT(UNLESS REPLACED BY OPTIONAL EQUIPMENT) FUNCTIONAL / SAFETY FEATURES Front Advanced Multistage Air Bags** LATCH-Ready Child Seat Anchor System Enhanced Accident Response System Tire Pressure Monitor and Warning Signal 4-Wheel Traction Control Anti-Lock 4-Wheel Disc Brakes Quadra-Trac I Full-Time 4WD System Variable Intermittent Windshield Wipers Rear Window Wiper/Washer Power Rack-and-Pinion Steering INTERIOR FEATURES Air Conditioning Power Windows with Driver's One-Touch-Down Feature Power Locks Speed Control Sun Visors with Vanity Mirrors Remote Keyless Entry Sentry Key Theft Deterrent System Tilt Steering Column Illuminated Entry AM/FM Stereo with CD Player 6 Speakers Eight-Way Power Driver's Seat Lumbar Adjust for the Driver and Front Passenger Rear 60/40 Folding Seat Cargo Tie-Down Loops Reversible Waterproof Cargo Storage Overhead Console Traveler/Mini Trip Computer Auxiliary 12-Volt Power Outlet Front and Rear Floor Mats EXTERIOR FEATURES Power Fold-Away Mirrors
Deep Tint Sunscreen Glass Liftgate Flipper Glass Roof Side Rails 17" X 7.5" Aluminum Wheels P235/65R17 BSW All Season Tires Full-Size Spare Tire with Matching Wheel
Hi auburn97. Manufacturers' advertised lease payments are only examples of approximately how much money it would cost to lease a particular car or truck through its current lease program. Consumers are always free to lease any new vehicle they want without making any sort of capitalized cost reduction. The specific advertised lease that you are referring to on the Honda Pilot is not based upon a selling price of full MSRP, but actually assumes a fairly substantial dealer discount of over $1,800. I don't know the exact difference between the dealer invoice price and MSRP of this truck, but I doubt that there still is $2,000 in profit left in it for you to negotiate out. You can always look up the exact dealer invoice price of this truck here at Edmunds.com to see exactly how much of a difference between invoice and MSRP there is on this truck.
Hi arnoldm. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. In order for me to give you an idea of how much your monthly lease payment would be on this car, I need you to tell me its full MSRP, including destination charges, and selling price. Let me know and I will work up a payment on it for you.
What are the chances of facing a lawsuit from Nissan Motor Corp for turning in two leases 3yrs early? Besides ruining our credit, what's the worst that could happen?
"Besides ruining our credit, what's the worst that could happen?"
They could sue you for the balance of the payments. You signed a contract so you probably don't have a legal leg to stand on. You're better off going to swapalease.com or leasetrader.com and trying to get someone to take them off your hands, even if it costs you a little to do so.
Could I please have the money factor and residual rates on a 05' G35 coupe 6mt? I'm looking at either a 36 or 39 month lease at 15k a year. I’m in Wisconsin and planning on leasing from a Chicago dealer if that helps at all. Also, any other fees I can expect to be charged by Infiniti financial would be helpful.
On a new Infiniti M35 sport, I am faced with these choices. Either a cash deal of about $49500 + fees or a 24 month lease (as I don't keep cars longer) for a total of $22.7K INCLUDING fees. The latter obviously reflects 8% tax and interest and other fees and has the advantage of a lease, i.e., I can just walk away at the end of the period. The cash buy deal has no interest but obviously higher taxes on the full amount of the car, and the need to sell/trade the car when I replace it. Since this is a new model, it remains to be seen if it will be problematic and an easy and high resale.
Can you please provide the residual and money factor for a 2005 Infiniti G35x Sedan auto both with and without nav for 3 years (or 39 months if there is some better rate), 12K miles per year.
Also, are there any current incentives I should be aware of?
Do you know what Infiniti Financial Services current lease bank fee is?
Lease. Why tie up $50K for two years and (probably) take a beating when you trade? I'm assuming you can stay within (or at least close to) the mileage limits.
Car_man - Thanks for the info. I ended up doing a deal on the PF SE 2X4 through that dealer (against my better judgment, given the treatment). Partially I was beaten up, and partially I think the deal was still reasonable (invoice, 59%, .00174, no sec dep) and they DID make my BMW go away the least painfully of any of the offers I received. But now that I'm addicted to this forum, I think I'll be better informed the next time I try to do a deal! Thanks again!
I am trying to find out if I can lease a Pilot EX-L with DVD for under or close to $400+tax a month with zero down and 12K a year. The MSRP is $34,345 including destination. What do I have to get the dealer down to and can I? The best offer I have so far is $423+tax.
Thank you very much car_man. You have been very helpful. I am sorry to bother you with questions. But I went to BMW dealer, and he told me I should go with an "owner's choice" program instead of lease. Now i live in Austin, texas. He said this will help me with taxes. I really don't see how. I end up paying the same amount (sum of everything out of my pocket in 3 years). Do you know what are cons/pros of this program?
So Carman I guess with the 8.75% tax added to the 943 per month at 1025.51. The price I was quoted of 1022.98 sounds like a good situation. Woluld you agree.????
I am going to miss this forum when I do get this car, but I am letting everyone I know ,what a great service you provide to fight againsts the tactics of many dealers. Thanks again Cosmos2
Good day Car_Man, can you please provide for a 36month/12kmiles lease on Saab 9-5 linear wagon the following information: Money Factor, Residual, Lease Cash, Dealer Incentives.
I live in the Seattle WA area.
As always, any and all information will be highly apreciated.
I am not sure if this message has already posted to this site. If it has, I apologize. I am interested in leasing a new car. I have been looking into different brands and models. Recently Saturn has offered me the following: ION 3 4 sedan, with safe and sound package which includes OnStar (with one free year), head-side airbags, compass, power windows, locks, and sunroof. MSRP 19330.00 The lease offer is for 24 months. 253.00/month with absolutly no money down (They offered 500.00 rebate and first months payment). I will not pay anything for 30 days. This lease includes 15,000mi.year. Is this a good deal?
Comments
Thanks for the info but do you think I could get the 3 year, 15,000 mile residuals for
a LX with auto and no V6,
the residual for a EX auto non V6 non nav,
and finally for a EX V6 non nav.
I'm sorry for asking again. I should of made this more clear in my first post.
Thanks
You'll also have an acquisition fee.. and sales tax..
Looks like a bad deal though.. paying MSRP, high money factor, etc...
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Of course, in this case, the cap cost and residual would be the same.. because you are paying all of the depreciation upfront.
It isn't exact.. all the amounts would be discounted, because they are paid upfront.. time value of money and all that...
regards,
kyfdx
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Soooo!!!!!! glad I found this site thank you!!!!!
Mike L
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The selling prices of leased vehicles are always negotiable. Furthermore, most manufacturers' advertised lease payments leave a little meat on the bone so to speak. I do know know the exact selling price that the advertised Civic lease that you mentioned is based upon, but I suspect that you may be able to lease this car for a little less than its advertised payment if you comparison shop a little bit. Negotiate the best selling price that you can on this car, and then have the dealer that you are working with calculate its lease payment using that price and AHFC's "buy rate," or base lease program.
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I can give you an idea of what the current lease programs are like on the cars that you are interested in. If you were to lease a 2005 Honda Accord LX 4-cylinder Sedan through American Honda Finance Corp. prior to May 2nd for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00038 and 53%, respectively.
Hyundai is not currently running a special lease program on the Sonata. As a result, if you want to lease one you would probably be better off doing so through an independent bank than you would be through its captive finance company. Traditionally, Korean vehicles have terrible residual values, making them bad vehicles to lease. If I was in the market for a 2005 Sonata, I personally would finance it through Hyundai at 0% for 5 years rather than lease it.
The late vehicle that you mentioned in your post is the "Toyota Civic." This car does not exist. Are you talking about the Honda Civic or the Toyota Corolla perhaps?
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I'm assuming the incentive lease rate is based on the MSRP of roughly $30,120. If I negotiate the price down by $1,999, won't that yield the same monthly payment? The Honda dealer in my area has just marked their fleet of Pilot EX's down to $27,900, so I don't know that I can do much better, since that is only $500 above invoice.
Lease terms:
2005 Pilot EX (Model YF1845EW) for $279.00 per month for 36 months with a $1,999.00 capitalized cost reduction. $2,873.00 total due at lease signing (includes first month’s payment, security deposit, capitalized cost reduction and AHFC upfront acquisition fee; total net capitalized cost and base monthly payment does not include tax, license, registration, options and the like).
After much research this weekend I am only looking at the Acura TL with Navi.
MSRP: $35,500
Invoice after Holdback is about $31,500 (per consumer reports).
I was thinking of a purchase price of approx $32,500 - $33,000
Destination should be $570.
I need a 15K/year lease and will have $2000 down.
I would like a 36 month lease based on the fact that I like to get new cars, often.
I appreciate your help and insight!
Meredith
Thanks.
You can do better. If you check out the Forum entitled "Honda Pilot: Prices Paid & Buying Experience", many buyers frequently buy Pilots under invoice price. The dealer still makes money from the holdback.
It's Quirk Nissan in Quincy, MA. ( I am not affiliated with them in any way, I just saw their ad in the Sunday Globe)
Thanks, Gerry
Also, are there any incentives, rebates, etc. currently available on either of these vehicles.
Thanks in advance
2005 MODEL YEAR
GRAND CHEROKEE LAREDO 4WD
PRICE INFORMATION PRICE INFORMATION (cont'd)
MANUFACTURER'S SUGGESTED RETAIL PRICE OF THIS MODEL INCLUDING DEALER PREPARATION
Base Price: $28,100
JEEP GRAND CHEROKEE LAREDO 4X4
Exterior Color: Brilliant Black Crystal P/C Paint
Interior Color: Med. Slate Gray
Interior: Cloth Low-Back Bucket Seats
Engine: 4.7L Power Tech V8 Engine
Transmission: 5-Speed Automatic Transmission
STANDARD EQUIPMENT(UNLESS REPLACED BY OPTIONAL EQUIPMENT)
FUNCTIONAL / SAFETY FEATURES
Front Advanced Multistage Air Bags**
LATCH-Ready Child Seat Anchor System
Enhanced Accident Response System
Tire Pressure Monitor and Warning Signal
4-Wheel Traction Control
Anti-Lock 4-Wheel Disc Brakes
Quadra-Trac I Full-Time 4WD System
Variable Intermittent Windshield Wipers
Rear Window Wiper/Washer
Power Rack-and-Pinion Steering
INTERIOR FEATURES
Air Conditioning
Power Windows with Driver's One-Touch-Down Feature
Power Locks
Speed Control
Sun Visors with Vanity Mirrors
Remote Keyless Entry
Sentry Key Theft Deterrent System
Tilt Steering Column
Illuminated Entry
AM/FM Stereo with CD Player
6 Speakers
Eight-Way Power Driver's Seat
Lumbar Adjust for the Driver and Front Passenger
Rear 60/40 Folding Seat
Cargo Tie-Down Loops
Reversible Waterproof Cargo Storage
Overhead Console
Traveler/Mini Trip Computer
Auxiliary 12-Volt Power Outlet
Front and Rear Floor Mats
EXTERIOR FEATURES
Power Fold-Away Mirrors
Deep Tint Sunscreen Glass
Liftgate Flipper Glass
Roof Side Rails
17" X 7.5" Aluminum Wheels
P235/65R17 BSW All Season Tires
Full-Size Spare Tire with Matching Wheel
OPTIONAL EQUIPMENT
Customer Preferred Package 28F
$1,580
Automatic-Dimming Rearview Mirror
Power Heated Fold-Away Mirrors
Power Outlet
Power Front Seats
Boston Acoustics Premium Sound Sys.
276-Watt Amplifier
Fog Lamps
Automatic On/Off Headlamps
Security Alarm
Sun Visors w/Lighted Vanity Mirrors
Universal Garage Door Opener
Trailer Tow Group IV
$255
Electronic Stability Program
$500
4.7L Power Tech V8 Engine
$1,340
Quadra-Trac II Active Full-Time 4WD
Power Sunroof
$800
AM/FM Stereo w/In-Dash 6-Disc CD/MP3
$300
Power Adjustable Pedals
$120
DESTINATION CHARGE $645
TOTAL PRICE:* $33,640
Less Incentives -2500
Total $31,140
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They could sue you for the balance of the payments. You signed a contract so you probably don't have a legal leg to stand on. You're better off going to swapalease.com or leasetrader.com and trying to get someone to take them off your hands, even if it costs you a little to do so.
Could I please have the money factor and residual rates on a 05' G35 coupe 6mt? I'm looking at either a 36 or 39 month lease at 15k a year. I’m in Wisconsin and planning on leasing from a Chicago dealer if that helps at all. Also, any other fees I can expect to be charged by Infiniti financial would be helpful.
Thanks
What would you do, if it were you?
Can you please provide the residual and money factor for a 2005 Infiniti G35x Sedan auto both with and without nav for 3 years (or 39 months if there is some better rate), 12K miles per year.
Also, are there any current incentives I should be aware of?
Do you know what Infiniti Financial Services current lease bank fee is?
thanks
gperr
Thanks for the info. I ended up doing a deal on the PF SE 2X4 through that dealer (against my better judgment, given the treatment). Partially I was beaten up, and partially I think the deal was still reasonable (invoice, 59%, .00174, no sec dep) and they DID make my BMW go away the least painfully of any of the offers I received. But now that I'm addicted to this forum, I think I'll be better informed the next time I try to do a deal!
Thanks again!
Thanks
Thanks!
Skimo
Appreciate your helpfulness!
PB
I guess with the 8.75% tax added to the 943 per month at 1025.51.
The price I was quoted of 1022.98 sounds like a good situation. Woluld you agree.????
I am going to miss this forum when I do get this car, but I am letting everyone I know ,what a great service you provide to fight againsts the tactics of many dealers.
Thanks again
Cosmos2
I live in the Seattle WA area.
As always, any and all information will be highly apreciated.
Thanks.
This forum and the others on this site are great. Its really nice to know all the details before going to the dealer.
Cheers
I am interested in leasing a new car. I have been looking into different brands and models.
Recently Saturn has offered me the following:
ION 3 4 sedan, with safe and sound package which includes OnStar (with one free year), head-side airbags, compass, power windows, locks, and sunroof. MSRP 19330.00 The lease offer is for 24 months. 253.00/month with absolutly no money down (They offered 500.00 rebate and first months payment). I will not pay anything for 30 days. This lease includes 15,000mi.year.
Is this a good deal?
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