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dgmodel

anyone know anything about leases here~!?

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ive never leased before, however now im contemplating a lease possibly what do these numbers mean~!?

24 mo/15k mi - 64% residual – Money Factor .00179 Base Rate

36 mo/15k mi - 55% residual – Money Factor .00179 Base Rate

48 mo/15k mi - 47% residual – Money Factor .00179 Base Rate

60 mo/15k mi - 40% residual – Money Factor .00179 Base Rate

24 mo/12k mi - 65% residual – Money Factor .00179 Base Rate

36 mo/12k mi - 56% residual – Money Factor .00179 Base Rate

48 mo/12k mi - 49% residual – Money Factor .00179 Base Rate

60 mo/12k mi - 42% residual – Money Factor .00179 Base Rate

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ive never leased before, however now im contemplating a lease possibly what do these numbers mean~!?

24 mo/15k mi - 64% residual – Money Factor .00179 Base Rate

36 mo/15k mi - 55% residual – Money Factor .00179 Base Rate

48 mo/15k mi - 47% residual – Money Factor .00179 Base Rate

60 mo/15k mi - 40% residual – Money Factor .00179 Base Rate

24 mo/12k mi - 65% residual – Money Factor .00179 Base Rate

36 mo/12k mi - 56% residual – Money Factor .00179 Base Rate

48 mo/12k mi - 49% residual – Money Factor .00179 Base Rate

60 mo/12k mi - 42% residual – Money Factor .00179 Base Rate

"mo" is the term of the lease in months

"mi" is the allowed miles per year before surcharges (assessed at the end of lease)

"residual" is the expected resale value as a percentage of the original purchase price

money factor is the interest rate (in this case about 2.1% for the year...i think)

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ive never leased before, however now im contemplating a lease possibly what do these numbers mean~!?

24 mo/15k mi - 64% residual – Money Factor .00179 Base Rate

36 mo/15k mi - 55% residual – Money Factor .00179 Base Rate

48 mo/15k mi - 47% residual – Money Factor .00179 Base Rate

60 mo/15k mi - 40% residual – Money Factor .00179 Base Rate

24 mo/12k mi - 65% residual – Money Factor .00179 Base Rate

36 mo/12k mi - 56% residual – Money Factor .00179 Base Rate

48 mo/12k mi - 49% residual – Money Factor .00179 Base Rate

60 mo/12k mi - 42% residual – Money Factor .00179 Base Rate

The residual value is a % of the MSRP of the car. Thats what the dealer is saying the car will be worth when the lease is up. Thats what you can buy it out for. The money Factor is kind of like the APR or % on a loan.

What kind of car are you looking to lease?

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lets say on either one of these:

2003 INFINITI FX35 4x4

$30,900, air, alloys, cd, leath int, pdl, pw, moonroof, p seats, one owner, diamond graphite, factory warranty, 19k, touring sport package, 20"" rims, 10208297, $30,900, actor auto, (718) 321-1530 Stock No:10208297,

14K Mi., Showroom New, Book Value $34,000, Our Special $25,999, We Finance, Call (860) 346-7182 Or (203) 650-5469 Or (203) 650-1386 . Middletown

this is one i saw:

2003 INFINITI FX 35 AWD

stk# t3224, abs, air, air bags, alloys, auto, cass/cd, cruise, pdl, ps, p/seats, pw, tilt, only 7k miles, 10210314, buy for $529/mth, neil toyota, (866) 571-3831 ext 200 Stock No:10210314,

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lets say on either one of these:

2003 INFINITI FX35 4x4

$30,900, air, alloys, cd, leath int, pdl, pw, moonroof, p seats, one owner, diamond graphite, factory warranty, 19k, touring sport package, 20"" rims, 10208297, $30,900, actor auto, (718) 321-1530 Stock No:10208297,

14K Mi., Showroom New, Book Value $34,000, Our Special $25,999, We Finance, Call (860) 346-7182 Or (203) 650-5469 Or (203) 650-1386 . Middletown

this is one i saw:

2003 INFINITI FX 35 AWD

stk# t3224, abs, air, air bags, alloys, auto, cass/cd, cruise, pdl, ps, p/seats, pw, tilt, only 7k miles, 10210314, buy for $529/mth, neil toyota, (866) 571-3831 ext 200 Stock No:10210314,

If your going to lease. Lease new not preowned. Most of the time if you Lease a preowned your monthly payment is going to be wacked. The residual value and the money facters that you posted before sound like numbers for a new car anyway.

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aiight... so lets say, hypothetically Base MSRP $36,250.00, Total MSRP† $41,690.00...

this is what comes up on their site:

Monthly Payment† $572.70

Adjusted Cap. Cost $39,485.00

Amount Due at Lease Signing

Refundable Security Deposit $600.00

First Monthly Payment $572.70

Acquisition Fee $795.00

Capitalized Cost Reduction $3,000.00

Total Due at Lease Signing $4,967.70

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aiight... so lets say, hypothetically Base MSRP $36,250.00, Total MSRP† $41,690.00...

this is what comes up on their site:

Monthly Payment† $572.70

Adjusted Cap. Cost $39,485.00

Amount Due at Lease Signing

Refundable Security Deposit $600.00

First Monthly Payment $572.70

Acquisition Fee $795.00

Capitalized Cost Reduction $3,000.00

Total Due at Lease Signing $4,967.70

----------------------------------------------------

Thats a Lease for 36/m 15KM with 4,967.70 due

You have 35 payments of 572.70 left. I came up with a similer number.

I bet you can lease a new one for less. The ketch is the Capitalized cost reduction cuz it's preowned.

So whats the question?

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the question was/is: what did those numbers mean, but you explained that, b. how do i get a better number than that, c. is it worth my time and money to lease, d. what are the ins and outs and tricks i should know~!? how do they fuck you~!?

"How do I get a better number then that"

1. Put more money down up front.

2. Negotiate the buy price. The Lower the buying price of the car the lower the monthly payment

'Is it worth my time and money to lease"

That depends on what you are trying to acomplish. If you like to get in and out of cars every few years then it not a bad idea. If you drive under 12k a year it's not a bad idea. If you can't aford the monthly payment to buy the car and you plan on keeping it 7-8 years it's not a bad idea.

"what are the ins and outs and tricks i should know~!?"

The only trick with leasing is not to tell the sales person up front you plan to lease. Negotiate the selling price as low as you can then hit him with a lease using that number.

"how do they fuck you~!?"

The way you get fucked is if you put alot of money down up front and don't buy the car out at the end of the lease. When you lease you are kind of like renting the car for a few years. If you plan on flipping the car's every few years then Don't put any more money down then your up front fee's.

That Cap cost redution on that lease -3,000- is bull shit that's were they are fucking you.

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thanks a lot i appreciate it... im debating leasing vs. buying out right... ive always bought outright but on my last one i really got fucked on the sell side... like up the ass with a barbedwire dildo... so i dont want to ever be in that predicament again, however on the flipside the evil i know maybe be less then the evil i dont... meaning that maybe ill get fucked even more on the leasing side... primarily ill put about 15k on the car a year, i rarely keep my cars longer than a year... and for the most part outside of wear and tear i try to keep my cars in good condition (not the beaters lol thats a different story), but they say leasing either is or isnt for you, but im like one of those ppl that are right on the line, like it some areas it makes sense in others it doesnt... so i really need to know whats up... but longstory short not that you give a fuck, i really do appreciate the help... thanks...

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if anything buy used and lease new.....much better residual and money factor....hahah $5k upfront fees...now your getting a barbed wire(2 words) dildo up your ass and one down your throat at the same time

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$0 would is the best,realistically probably like 1k, for acq. fee, processing fee, admin fee, whatever they want to call it, and your taxes, tags, etc.. Basically anything else your just throwing it away since your not buying the car.

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thanks a lot i appreciate it... im debating leasing vs. buying out right... ive always bought outright but on my last one i really got fucked on the sell side... like up the ass with a barbedwire dildo... so i dont want to ever be in that predicament again, however on the flipside the evil i know maybe be less then the evil i dont... meaning that maybe ill get fucked even more on the leasing side... primarily ill put about 15k on the car a year, i rarely keep my cars longer than a year... and for the most part outside of wear and tear i try to keep my cars in good condition (not the beaters lol thats a different story), but they say leasing either is or isnt for you, but im like one of those ppl that are right on the line, like it some areas it makes sense in others it doesnt... so i really need to know whats up... but longstory short not that you give a fuck, i really do appreciate the help... thanks...

No problem....anytime! Good luck :bounce:

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$0 would is the best,realistically probably like 1k, for acq. fee, processing fee, admin fee, whatever they want to call it, and your taxes, tags, etc.. Basically anything else your just throwing it away since your not buying the car.

That is one hundred % correct.

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Hopefully it isnt too late but do not lease a pre-owned. It is never a good deal. Period. They are probably killing you on the front and back end of the deal.

Let me repeat...Do not lease a pre-owned car.

I already said that B, rewind the treat a bit. Where do you work?

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Put money down if it's gonna lower the payments, but not for upfront fees. I ran a lease for myself today. A 40k 2005 bmw 330i 1500 downs just cuz, 42 month lease 21,000 miles total $472. Just to show how far off you are, your putting 5k down on a USED car and your payment is still a $100 higher with a LESS MSRP. Not all of it is your fault, but most of it is in the financing. First it's used, so it's hard to lease let alone get a good residual/money factor, if that makes any sense.......

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