Quote:
Originally Posted by mindspin311
OK guys, help me out, never leased a car before. There's an Avus M3 ZCP at my local dealer calling my name. This is the 1st pass on what the CA told me...
Selling price - 76,922
Money down - 15000 (he took this from what my regular financing downpayment would be)
3yrs/36k miles
Residual - 59% or 45,385
Money factor (whatever this is haha) - 0.00222
Monthly payment - $900
I really wouldnt want to lease with putting 15k down, maybe 5, but 15 is insane. What do you guys think? what part of this is insanity? All of it...
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That is freaking ridiculous.
If I paid $15k down for my lease, I would've been paying $500ish/mo after taxes. I actually talked to my advisor about trading in my old car and he blind matched my offer from CarMax for $15.5k and gave me that number.
I decided to pocket the money and "paid" $0 down/driveoff and my monthly came to $1044 after taxes, $956 before. msrp $81k, 45k miles/3years, 58% residual, 0.00156 mf.
AND I've been told that I'm paying too much.
Don't let them talk you into a lease. If you plan on keeping the car finance it. I would never put anything down on a lease if it's not required. I would much rather keep that money and invest it elsewhere than to secure a lower monthly payment.
Send them a counter and tell them their numbers are ridiculous.