if you are referring to leasing directly from the dealer there is no formula. They might try to sell all their cars first, but then again they can often make the same or more money by leasing so it's hard to say. leasing from a third party company should work on all new cars since they are buying it from the dealer to lease for you.

 

im going on friday to check out the situation with a lease. did a prelimenary call to the dealer and he said 1 with the sss and navi with around 4-5k otd includes tax and all the other bull. is aroudn $400 a month. well see what happens though

STILL LOOKIN FOR SOMEONE WHO HAS LEASED IT ALREADY!!!!!

 

went to Maywood in NJ today and they said Mitsu doesnt lease the new X.

there was also a $10,000 adjustment next to the sticker which was sorta dissapointing.

so when i was sitting there i got a price to finance:

5g down with a 4k dealer adjustment 72mo. for $719

5g down with a 4k dealer adjustment 60mo. for $891

so now im gonna go search the forum for some people who financed the car.

 

PM me before you make a mistake like that....

Ill help u out.

Alex

 

Absolutly do not buy that car. I dont care how bad you want it, you will regret it later. Unless you can just stroke a check and wipe your **** with money and not miss it, do not do that to yourself.

 

woah- around 57K in the end. do folks in NJ actually pay that? holy cost of living

 

Were you able to lease Evo 8's and 9's? This is our first Evo here in Canada and I'm a little disappointed that you can't lease the X.

 

mutsi has NO lease programs on the evo X. never have ad prob never will.

 

As someone already noted in this thread, just because Mitsubishi doesn't provides leases on the Evo doesn't mean a bank won't. There are 3rd party leasing companies too. I'm sure it can be done. Residuals are probably unknown but who knows?

 

There is a lease program for the 2008 Mitsubishi Lancer Evolution X GSR.

24-60 months with 6 month increments (24, 30, 36, 42, 48, 54, 60).

If anyone needs more information on it, you can contact me via PM.

 

As someone who is about to graduate next semester with a degree in accounting. I would not lease any car. Almost every lease is a rip off. Especially an Evo. When you work it out the interest rate will probably be somewhere around 10%-15%. Even if you put a lean on one; you might have to pay a little more a month, but there is no balloon payment . Here is how not to get hosed:

1. pay cash: You will save the most money this way
2. get a preaproved loan with 20% down. You will get a prime interest rate
3. just get a preaproved loan. A little higher interest rate, but you will own the car (well the bank will, but ya know what I mean).

Here is the thing. Most car companies want you to lease. When someone buys a car out right, and when you calculate over head the dealership might make $80-$200 per car. If you lease they will make $800-$2000 on that car in less time. That is 1000% more btw. With a lease you are paying for three things: 1. interest 2. principal 3. The deprecation of the vehicle. With a lean all you pay is principal and interest. When you pay cash you just pay principal. Delay gratification and save a little money . That is my 2 cents. I know someone will probably rip me a new one, but I do not care. I got a stack of books and figures to back me up.

 

No offense but you have not graduated yet
Your point #1 above "pay cash: You will save the most money this way" is something that I would argue. Keep in mind many people do not keep cars longer than 2-3 years. Sure you might be able to work out a decent purchase price with the dealer if buying it outright in cash; however, as soon as you drive that car off the lot the value plummets. Most people want to sell their cars. In that case they're taking a huge hit on it if they purchased it. As such, you are not saving that much money by purchasing a car in cash. In fact, most people will argue that is the absolute worst thing you can do. Don't forget you should be investing that money that you would otherwise be wasting on a cash transaction.

I'm willing to bet most will agree that you should:

Lease a "new" car
Buy a "used" car

 

awsome replies guys lets keep this going....

i went to Randolph mitsu on Rt.10 in NJ

asked for a white GSR with SSS and Navi. financed with $10k down. that got me a price of $699 a month car mrsp was 47k. i told them they were straight crazy cause thats a 10k adjustment. long story short they lowered msrp to 42k and said around $599 a month. so i said when ure off the crack pipe call me back. he laughed i walked out.

in the words of charles barkley, " terrible, terrible, terrible. "

 

hook a brotha up please!!!!

 

You can lease the evo and Edmonds posted yesterday a lease program in the works for the gtr

And where did the 10-15% come from??? On a lease the interest is a money factor ... Take the money factor , multiply it by 2400 and that's the apr... Its good to lease early on while the residual is high... Evo's hold their value

I can post residuals if you like when I get to work... I'm not selling anything but if the mods feel I'm trying then I won't post them ... Don't wanna step on anyones toes