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re: Leasing a vehicle
Posted on 8/18/15 at 9:18 pm to SomethingLikeA
Posted on 8/18/15 at 9:18 pm to SomethingLikeA
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?
1
Posted on 8/18/15 at 9:28 pm to achenator
The money factor isn't really negotiable either. It's set by the lessor which is usually the finance organization of the manufacturer (e.g. BMW Financial). What can happen is that the sales/finance person at the dealer can up the money factor for their own profit. What you need to do is check the car forums and find out what the actual money factor is for the lease for the car you want. This can change every month along with the residual.
Also, never put money down on a lease (i.e. reduce capital costs). If the car got totaled the next day, you'd lose that. Just save the money and use it for monthly payments or invest it.
Also, never put money down on a lease (i.e. reduce capital costs). If the car got totaled the next day, you'd lose that. Just save the money and use it for monthly payments or invest it.
This post was edited on 8/18/15 at 9:37 pm
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