try to get the exact deal i did....scroll up.....or negotiate a better one. i want to see someone get better than me.....because i am still dealing in my head - i know i could have gotten more. don't budge!


money factor/rate and residuals are what you negotiate to get the right payment or you can just play a numbers game and say that you want xxx amount a month with xxxxx miles per year for xx months (don't go over 36 months) and see what you get. if you plan on getting rid of the car at the end of the lease then shop for a payment you can live with and make sure you're covered as far as the mileage goes.....most people end up buying hte cars they lease because the can't afford to unload it because they ran up the miles too much

 

Just found a great website for those thinking about leasing an X.

www.leasecompare.com

You can put in all the vital info and it'll compare two leasing companies for the X.

I put in an MSRP of $39,700 w/ a purchase price of $37,000. With great credit, $4000 down, 36/mo w/ 15K miles/year they gave me a lease price of around $500/mo. Residual of of $20,384 (51.3% for 3 years) and a money factor of 0.00246 (5.9% apr).

Anyone think I can do better at a dealership?

**EDIT- This website doesn't factor in taxes. w/ 6% MD state tax the payment goes up to like $520/mo.

How would that work if I was trading in a vehicle, and the tax gets deducted from the purchase price tax if the tax is calculated over the portion of the loan that you pay for? For example, if I bought the car outright, and traded in my Si, lets say they hypothetically gave me $18k for it. Say I bought the X for 32K. 32-18=14k. In MD, I believe, you only pay taxes on the difference in new vehicle vs. trade-in. If you're trading a vehicle in, but leasing, how is the tax calculated ?

 

uh yes. that is a horrible horrible deal. that is getting raped. never put money down on a lease. the residual sucks and money factor is higher than anyone else has been getting here. scroll up and read other posts.

don't give dealerships your trade or cash on a lease....you're giving them free money. they are making enough just off of leasing you the car.

i entered my info/terms into that site for the lease i have and it gave me a monthly payment of 810/month. that is far off of my 449/month that i actually got. you need to go to a dealer and make a deal.

 

Why is it bad to put down money on a lease if you're getting a better payment ?

The money factor seemed a bit better than what people were getting, 0.00284 ? I guess the residual does seem a bit low, I'd rather do a 2 year lease anyway.

 

By the way, my state, MD, requires you to pay taxes (6%) on the entire purchase price at the time of signing a lease. If the difference between trading my car in and selling it privately is within say $1500, i'd rather trade it in an get the tax credit then have to go through selling it.

 

you shouldn't have to "buy" a lease. you're money down or trade is just as good as paying the salesman off begging for a better payment. go in there with the story that you aren't putting any money down and you want such and such payment. forget about the sales tax it is negligible.

 

6% on $37,000 = 2200. That's pretty significant when other states you only pay sales tax on your portion of the terms. 2200/24 = $92.50 per month rolled into the lease.

 

buy it!

 

^ +1

 

Just a quick update to everyone, Navy Federal Credit Union has money factors as low as .00183 or 4.4%. I'm trying to find out residuals right now...

 

Just FYI,

Circuit city will uninstall anything they install FOR FREEEEEE.

Lease, MOD AWAY (well any thing they cc installs at least)

 

Is Circuit City doing turbo swaps yet?

 

even if they were... would you trust them?

 

I just got an email from the dealer where I bought my MR. They're advertising base GSR for 389/mo and 2900 drive off and I think it's a 24 month lease.