I'm curently leasing an '02 CLS before I go to my dealer Saturday, I'm intrested in knowing what others are paying for their leases.

Also how long are your terms?
did you put money down
taxes upfront or in payement...

 

Nothing out of pocket 48 mos. was around $450 for 15k

 

navi car. 48 mths 15K $499

 

yikes! 48 months on a lease? I wouldn't personally go over 36 months, or 42 at the very worst.

 

Turbo did you get navi or no? did yo put tax in payment? which dealer? I got the CL from Island, but I service in VS

 

Yes, 36/39 month leases sound more appealing than 48, but there is a huge price break when you go with 48. These cars hold their value for a damn long time - if you work out the numbers, 48 months doesn't sound as bad as it seems.

I got a quote for 6-sp NAV, $0 down $485 a month. That's working with a price of $34,000 for the whole package. Some people have gotten the TL for as little as $32,000 but those were one-of-a-kind deals where the dealer was "stuck" with a 6-speed car and wanted to get rid of it quickly. You won't get a 6-speed for less than $33,750 these days.

 

i went 42/mth 15K a year O cap on my 02 745i, and I was mad at myself for going 42. But, at the time, the difference between 36 and 42 month was substantial. They were offering .0019MF and mine was almost fully loaded. so it figured out to 1160/mth for 42 mths...was a pretty good deal!!

 

36 months used to be a good leasing guideline. Cars generally had 36 month warranties, so leasing for more than 36 months made little sense. Depreciation also dictated that the monthly payments of leasing for more than 36 months came perilously close to the payments of buying, so why not buy.

But in recent years 42-48 month leases have become more common and more sensible financially. (Not that leasing makes ANY financial sense, but that's besides the point.) Warranties are now routinely 48 months, and provided you choose a model like the TL that holds its value longer, a 42-48 month lease still yields much lower payments than buying.

I still lease for 36 months because I have no patience for a car after that. I realize it's a luxury to do so, not a financially smart move. But 48 month leases nowadays aren't the stupid thing they used to be.

Leases longer than 48 months, which I've seen occasionally, remain stupid.

 

340HP- what dealership did you get that through and how many months? I've been looking in NJ for a 36 month/15k mile per year lease. The best I've been able to get on a 6-sp NAVI is $500/mo with $3k down. If your terms are the same, my dealers aren't even in the ballpark.

 

48 months is not an ideal lease term for a couple of reasons

1) You will likely be beyond your warranty
2) Big ticket items, such as tires may need to be replaced.

Plus in a 48 mo lease at $450 /mo the last year you are paying $450/mo for a 3+yr old car. Lastly paying interest/rate factor on sales taxes is ???, pay those up front. If you car is totaled/stolen you will get the taxes back.

Because NY requires a liability policy from the lease owner, it may be cheaper to go with a balloon paymet plan, check out both and compare

 

1) You will likely NOT be beyond your warranty as long as you keep your miles reasonable. And after all, leasing is a terrible idea for anyone who puts lots of miles on their car.

2) Tires and brakes are the ONLY "big-ticket" items that might need to be replaced which the warranty wouldn't cover, but if you buy a car you also have to replace the tires and brakes eventually.

Plus if you finance your purchase of a car, in the last year you are paying $450/mo (or whatever) for a 3 or 4 year old car. In other words, that argument holds no water - it's the same whether you lease or buy, because cars depreciate in value over time.

Bottom line - we've already established that leasing is not financially sound. But nowadays 48 months is probably not any worse in the long run than 36 months, for those who prefer a lower monthly payment.

 

Blue book values charge .17 cents per mile (owned car) vs .15 cents (typically) on a lease, so actually it costs more per mile to own a car, if you put over 12k per yr on it. Paying for mileage up front on a lease (.08 cents typically) is the smart play.

I would rather pay $450/mo during that 4th yr on a newly leased car. Not sure who would rather pay for a 3yr old car vs a new car ?

 

I think the proper term is "lessees"

 

A. "HAL" needs to get a grip. Sorry you had to pay thousands of $ down for the same payment we "leeses" are paying.

Did he not see the thread TITLE?

Seems you are a little LESS observant my friend.

Sorry dude, but man,...c'mon.


Where was I ?

Oh, yeah. No money down, $465/month, non-navi, 5AT. 48 Mos. Contemporary Motors, Erie, PA. GREAT dealership.

 

42 Months, 20K Miles, 5AT, Navi, Lip Spoiler - No Money Down or Due at signing - $609 a month after taxes

 

36 month, 12,000 miles, 5AT, Navi. $1,000 down (including 1st month and title, tax and license). $476 per month for a 36 month lease (plus taxes).

 

WDP/parchment, 5AT, No nav, protection package - 51 months/ 12k per year, 2k down, 439 per month. I didn't worry about the long term because the car is covered under warranty virtually the whole time.

 

walked into a local dealership last night and they had athr./ebony/6-sp/navi (the car I've been looking for) in on the lot. After a lot of negotiation I got this deal: 36 months, 15,000 miles per year $3k down. I pick the car up in 6.5 hours.

 

6MT Non-navi
42 months
$0 down
15K miles per year
$450 per month (that includes 6% IN sales tax)

 

 

$500 per month for 42 months, 12K per year, no free service . . . but just when it runs out, Honda SUT here I come !!

 

oh yea, I also got a lip spoiler, pin striping, mud guards, winter and trunk floor mats, wheel locks. :toothless