HI,
I am most likly picking up a blck/Camel Tl. The deal so far is $30,200 for a 5AT/Non Navi. The lease payment came out too $386/60 mnths for 15K miles with $1000 down. My question is what is the MF and residual right now? Are they fixed #'s or do they vary from dealer to dealer? Can it be haggled over? Anything else I should lookout for?
Thanks in advance

 

The residual is fixed-but you should call at least three dealers to confirm as some dealers fabricate those numbers. MF is something you definately have to work on-go for the lowest, like 0.00205

 

A little off topic, but 60 months is a long lease. You will be well out of warranty after 4 years and will be responsible for any repairs from that point on. You may want to consider a 4 year lease. While you may very well be out of warranty at the end, it shouldn't be by that much and your car should still be in pretty good shape.

Having said that, it seems like your terms work out to something around 43% for residual at .00215 MF. The MF increases by .0001 if you do not put a security deposit. That doesn't seem all that bad, but I would still look into other options.

For more acurate info, you can try posting your question on the Edmunds board for Leasing. It is down at the moment, so I can't give you the link. Lots of good info can be found there, though.

 

someone must be smoking the pipe.....i've never heard of a bank doing a 60 month lease or any buyer considering doing that. something is not right.

that being said, MF's a fixed. dealers however, are given the latitude to increase them - they can't offer you anything below but are often marking them up for the extra juice.

 

Sorry, dafunda, you're wrong on both counts.

60-month leases, while not necessarily the wisest choice for the reasons moeronn stated, are available and becoming more common.

And money factors are NOT fixed. They depend on your credit rating, the lender, and sometimes the dealer.