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how does this lease look?

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Old Jan 20, 2009 | 12:09 PM
  #1  
EVOpacoIX's Avatar
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From: scottsdale, az
how does this lease look?

just fees down: $1750 incl 1st payment
12k miles a year
$415 plus tax a month ($447.99 actual)
I don't like the residual at 51%
MF after converting came out to be 3.3%

What do you guys think? The residual is too low right? Should I wait fro the 09?

edit: it a base GSR btw
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Old Jan 20, 2009 | 12:13 PM
  #2  
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From: SoCAL
Originally Posted by EVOpacoIX
just fees down: $1750 incl 1st payment
12k miles a year
$415 plus tax a month ($447.99 actual)
I don't like the residual at 51%
MF after converting came out to be 3.3%

What do you guys think? The residual is too low right? Should I wait fro the 09?

edit: it a base GSR btw
What is the purchase price of the vehicle? A 51% residual for 3 years 12k miles on these cars is the correct number. Normally it is difficult to negotiate the residual since it is set by the bank. The MF you are receiving is very good. At this rate I would suggest only negotiating the purchase price. All other factors look good in my opinion. Maybe someone else might be able to chime in on this. May I ask which financial institution you getting this from?
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Old Jan 20, 2009 | 12:36 PM
  #3  
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From: Frisco, TX
Depending on how much you plan to mod the car and what your financial goals are, if the 0% is still out there you might try for it.

The payment on 30k @ 0% = $500/month (you'll have TT&L to worry about with either maybe). At the end of 36 months you'll pay roughly $2000 more to "own" the car vs. the lease, but if the car is worth more than 16k, then you'll "have" that value (although technically you will with a lease as well).
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Old Jan 20, 2009 | 12:44 PM
  #4  
EVOpacoIX's Avatar
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From: scottsdale, az
this is a mitsibishi lease. sale price is 30599 right now.
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