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Leasing a vehicle

Posted on 8/18/15 at 9:02 pm
Posted by SomethingLikeA
Member since Jul 2013
1113 posts
Posted on 8/18/15 at 9:02 pm
I have seen the WillCover and CoachGuidry threads on buying/financing vehicles. Always full of great information and I have used in the past.

Surprisingly, I am leasing a vehicle for the first time. Leaving the subtle brag out by listing the vehicle or cost, what are some tips for leasing?

How do I get most value? How do I reduce the capital cost to lower upfront payment due? Not even sure if these are best questions to ask.

Any help is welcomed oh MBers.
Posted by achenator
Member since Oct 2014
2959 posts
Posted on 8/18/15 at 9:18 pm to
The only numbers that are negoitiable is the cost of the vehicle and the money factor (interest rate) . The residual is set by the manufacturer. Let it be known that some vehicles lease "better" than others. This makes it hard to compare apples to apples like when purchasing. The vehicle costs what it does and the interest rate is pretty much what it is when purchasing. In my experience the germans (especially BMW) generally lease better than American or Japanese cars dollar for dollar. Any particular reason you are leasing? Can you write it off as a business expense?
Posted by achenator
Member since Oct 2014
2959 posts
Posted on 8/18/15 at 9:20 pm to
edit: whoops double post
This post was edited on 8/18/15 at 9:21 pm
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 8/19/15 at 12:08 am to
Stick to the manufacturer-sponsored advertised lease specials and don't deviate from them by adding features and packages. That opens the door for the dealer to juggle the numbers.

Be sure that your lease agreement provides Gap coverage in the event the car is totaled.
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