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is this a good deal?????

Old Mar 15, 2008 | 05:54 PM
  #1  
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is this a good deal?????

Premium 6mt for 39 months with 0 down and 15k a year.
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Old Mar 15, 2008 | 06:00 PM
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Where's the deal? All you gave us is the terms of the lease.

At a minimum, you'd need to supply the following: monthly payment (minus tax) and money factor (aka interest rate).
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Old Mar 15, 2008 | 10:16 PM
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it's $550 a month including tax for 39 months with a residual of $24500 at the end of term. 0 down and i think the money factor is o.ooo2
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Old Mar 16, 2008 | 04:28 PM
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what options ? what is the MSRP ? what is invoice ? I can run some numbers for ya......
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Old Mar 16, 2008 | 08:48 PM
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it's a 6mt sport with premium package. $39,000 msrp and i dont know how much the invoice.
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Old Mar 17, 2008 | 04:41 PM
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I ran the numbers at http://www.leaseguide.com/calc.htm

I looked up some numbers at Edmuds.com

MSRP for 6MT sport with Premium is 39715
Invoice is 36389

Residual 24500 (as stated by you)
Money factor 0.002 (that is fair)

Lease term 39 months
ZERO down
550 per month

I solved for the sales price and that is $39000

Looks like you are paying Invoice + 2600

That is a HUMONGOUSLY bad deal. People are getting Invoice and Invoice - 500 too.

I think you can shave off at least 80 bucks off of that monthly payment (with ZERO down)
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