is this a good lease?

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Old Jan 12, 2004 | 12:45 PM
  #1  
prozzi's Avatar
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is this a good lease?

I was given 539 a month including tax for 48m 15,000 a year. This if for a 6speed with Nav
It sounds like they are not giving me any money off the vehicle.
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Old Jan 12, 2004 | 12:57 PM
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Re: is this a good lease?

Originally posted by prozzi
I was given 539 a month including tax for 48m 15,000 a year. This if for a 6speed with Nav
It sounds like they are not giving me any money off the vehicle.
Anything down?
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Old Jan 12, 2004 | 01:00 PM
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No just the first payment and security deposit.
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Old Jan 12, 2004 | 01:11 PM
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Doesn't sound that high to me, esp considering little out of pocket and 15K per year...my leasing situation is different, so others may have more to offer than I can...
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Old Jan 12, 2004 | 01:40 PM
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Not sure what the residual is now on the Navi for 48 mohths, I'm guessing 52% though and if someone knows, let me know and I'll change my guess but....

with the car at MSRP of 35195 and with no discount and money factor of .002375/5.7% and an assumed 6% sales tax, your payment should be around $508 per month.

Too many variables which I don't know regarding your deal though. For example, your money factor/interest rate will fluctuate based on your beacon score or credit history.
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Old Jan 12, 2004 | 01:43 PM
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How about looking at the purchase option.

I got an auto no nav car

Selling price $30,900 , tax and registration added to the note

Interest rate 3.79%

60 month term

Down Payment $3,000

Payment about $540 per month.
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