| not too Dumb a Lease question, I hope
- Click HERE for Original Thread
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| marcchen888 |
I got an 05 MDX; now looking to lease an 06 TL or 06 MBZ.
Here's my question for leasing.
if the Advertisement says:
$399/month + tax, and $0 down, MSRP is $40000
then I can I assume:
I negotiate price to $35000, which is 12.5% lower
lease payment is $349/month + tax, which is 12.5% lower
can it be this simple?
or do I still need to bring my Laptop to the Dealer to calculate Money Factor, Residual, etc. ?
Thanks in advance for all your help. |
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| JeffK |
First here is the link so you can calculate your lease payments:
http://www.leaseguide.com/calc.htm
You posted:
if the Advertisement says:
$399/month + tax, and $0 down, MSRP is $40000
To calculate a lease payment you need:
MSRP
Residual
money factor
length of lease
cap cost
You have only one of the five needed elements, the MSRP
Without the other four it is absolutely impossible to calculate a lease payment.
JeffK |
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| SDTS |
not to mention.....Zero Down will most likely not mean zero money out of pocket. You will probably have to come up with required drive off. Based on that payment, somewhere in the neighborhood of $1000.
They are also not selling you the car for MSRP..that is just how they are figuring the residual. They are surely selling you the car for a discounted price or else they would be wasting their time and money paying for the ad. |
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