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Auto Lease Rates
Posted on 8/7/13 at 9:34 pm
Posted on 8/7/13 at 9:34 pm
Anyone know of a site that lists current residual and money factors other than Ridewithg
3
Posted on 8/7/13 at 9:43 pm to rlp
Most of them are unchanged from the incentive offers. If you know how to calculate it, you can back it out from that info. Residual is typically % and is constant regardless of trim level (some manufacturers do adjust it though, notably Toyota).
I've always found the info on Edmunds community forums. I believe the poster's name is "CarMan". He always posts up the information. Usually can find a thread about the vehicle you're looking for.
If Spam: DIAF
I've always found the info on Edmunds community forums. I believe the poster's name is "CarMan". He always posts up the information. Usually can find a thread about the vehicle you're looking for.
If Spam: DIAF
Posted on 8/7/13 at 9:47 pm to LSUtigerME
LOL Not spam! Looking for rates on a vehicle not currently listed on that site. I'll try Edmunds forums.
Posted on 8/7/13 at 9:48 pm to rlp
What are you leasing?
Posted on 8/7/13 at 9:59 pm to Paul Allen
2014 Mercedes ML350
Been quoted between .0015 - .0016 MF (one dealer started double that) but residuals have been all over from 50% to 60%, on 36 mo lease. I assume its a numbers monkeying game. One dealer will barely move off MSRP, with the most about 5%.
Just would like to know the real numbers to properly evaluate the deals.
Been quoted between .0015 - .0016 MF (one dealer started double that) but residuals have been all over from 50% to 60%, on 36 mo lease. I assume its a numbers monkeying game. One dealer will barely move off MSRP, with the most about 5%.
Just would like to know the real numbers to properly evaluate the deals.
Posted on 8/7/13 at 10:52 pm to rlp
4.2 % interest on a new car is rather high today, wouldn't you agree?
Posted on 8/7/13 at 10:54 pm to rlp
How much you putting down? Your note might be in the low 700's if you put nothing down
Posted on 8/7/13 at 10:56 pm to Paul Allen
Putting money down on a lease only makes a poor decision even poorer.
Posted on 8/7/13 at 10:58 pm to Will Cover
Works out great for me. I put nothing down on a 36 month lease. I get to deduct the monthly payment due to being a business use vehicle. Leasing has better tax advantages than buying.
Posted on 8/8/13 at 6:44 am to Will Cover
quote:
4.2 % interest on a new car is rather high today, wouldn't you agree?
Will Cover, I've read your car buying tips and respect your opinions.
I would agree 4.2% is high, but doesn't .0015 equate to 3.6% (which is still about a point higher than advertised bank rates)? Is the MF negotiable? Dealers say it's set by mfg?
And,I don't plan on anything down.
Regarding whether or not leasing is a poor decision, this is a business vehicle for my wife who prefers a new car every 3 years. If I buy/trade every 3 years in lieu of leasing, I'm going to get hammered with depreciation am I not?
Posted on 8/8/13 at 6:50 am to Will Cover
quote:
4.2 % interest on a new car is rather high today
Very, when I got offered 2.9/60mo and 3.9/72mo on a used vehicle yesterday
Posted on 8/8/13 at 7:54 am to rlp
quote:
I'm going to get hammered with depreciation am I not
Yes, which is why it's better to lease.
Posted on 8/8/13 at 8:24 am to Paul Allen
quote:
Yes, which is why it's better to lease.
What is the $$$ amount that someone would expect to lose on a yearly basis to their vehicle (depreciation/financing)? Or what would you be comfortable with?
Posted on 8/8/13 at 9:04 am to Lsut81
Typical residual values after 36 months are 50-60%, meaning you lose 40-50% of the vehicle's value in 3 years. Add in financing costs, and if you really adjust to "true resale" value (or even trade-in), leasing can be advantageous if you understand what you're getting.
There was a thread on here a while back about the advantages/disadvantages of leasing.
Own vs Lease Discussion
There was a thread on here a while back about the advantages/disadvantages of leasing.
Own vs Lease Discussion
Posted on 8/8/13 at 9:33 am to Will Cover
quote:
poor decision even poorer
How can you consider a lease a poor decision without knowin the circumstances? If someone had the intentions of getting a brand new vehicle every 2-3 years wouldn't it be smarter to lease??
Posted on 8/8/13 at 9:42 am to LSUTOM07
quote:
If someone had the intentions of getting a brand new vehicle every 2-3 years wouldn't it be smarter to lease??
And that kind of ties into my question. What is the average amount of money that everyone is ok with throwing away on a vehicle, that you know you will never get back?
5%, 10%, 15%, of your salary?
Posted on 8/8/13 at 10:25 am to Lsut81
All of it.
Posted on 8/8/13 at 10:30 am to Broke
quote:
All of it.
New Bugatti, here I come
Posted on 8/8/13 at 4:31 pm to Lsut81
quote:
What is the average amount of money that everyone is ok with throwing away on a vehicle, that you know you will never get back?
So you think that leasing is throwing away money but buying a car is an investment that is going to appreciate in value?
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