f type lease help
#1
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hi all. this is my first post in this forum, although have been reading all the topics for some time.
am on the verge of signing a lease for a 2016 F type R and I think I'm getting a decent lease deal but wanted some confirmation from you guys. here goes:
MSRP 109k
42 months.
10,000 miles
5500 drive off price at time of signing
1400 monthly there after.
what do you guys think? too much? acceptable? good?
thanks in advance
am on the verge of signing a lease for a 2016 F type R and I think I'm getting a decent lease deal but wanted some confirmation from you guys. here goes:
MSRP 109k
42 months.
10,000 miles
5500 drive off price at time of signing
1400 monthly there after.
what do you guys think? too much? acceptable? good?
thanks in advance
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#2
#4
#5
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hmm...appreciate the replies. 1100-1200 monthly was affording an AWD S, loaded. I know this deal isn't awesome, but at this point I just want a fair deal and don't wanna be fleeced. what do you guys think?
thanks
thanks
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#6
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The problem is that vehicle pricing varies greatly based on location.
I can tell you that for my area (Southern CA), that is a bit high. However, SoCal has some of the best lease deals on cars in the country, as it is a super-competitive market.
Comparing pricing between SoCal and Detroit won't be a good measure of whether that deal is good for your location. I would look to a local resource like True Car to try and determine more realistic pricing for your location.
I've always leased following the philosophy that I know what the car is worth to ME, and if I can get the car I want for what it is worth to me, then I pull the trigger and close the deal. That isn't to say I don't hammer my salesperson for a good price, but you can drive yourself nuts trying to get the "best" possible deal, or miss out on a great car.
I can tell you that for my area (Southern CA), that is a bit high. However, SoCal has some of the best lease deals on cars in the country, as it is a super-competitive market.
Comparing pricing between SoCal and Detroit won't be a good measure of whether that deal is good for your location. I would look to a local resource like True Car to try and determine more realistic pricing for your location.
I've always leased following the philosophy that I know what the car is worth to ME, and if I can get the car I want for what it is worth to me, then I pull the trigger and close the deal. That isn't to say I don't hammer my salesperson for a good price, but you can drive yourself nuts trying to get the "best" possible deal, or miss out on a great car.
Last edited by BierNut; 09-09-2015 at 05:44 PM.
#7
![Default](/forum/images/icons/icon1.gif)
The problem is that vehicle pricing varies greatly based on location.
I can tell you that for my area (Southern CA), that is a bit high. However, SoCal has some of the best lease deals on cars in the country, as it is a super-competitive market.
Comparing pricing between SoCal and Detroit won't be a good measure of whether that deal is good for your location. I would look to a local resource like True Car to try and determine more realistic pricing for your location.
I've always leased following the philosophy that I know what the car is worth to ME, and if I can get the car I want for what it is worth to me, then I pull the trigger and close the deal. That isn't to say I don't hammer my salesperson for the best price possible, but you can drive yourself nuts trying to get the "best" possible deal, or miss out on a great car.
I can tell you that for my area (Southern CA), that is a bit high. However, SoCal has some of the best lease deals on cars in the country, as it is a super-competitive market.
Comparing pricing between SoCal and Detroit won't be a good measure of whether that deal is good for your location. I would look to a local resource like True Car to try and determine more realistic pricing for your location.
I've always leased following the philosophy that I know what the car is worth to ME, and if I can get the car I want for what it is worth to me, then I pull the trigger and close the deal. That isn't to say I don't hammer my salesperson for the best price possible, but you can drive yourself nuts trying to get the "best" possible deal, or miss out on a great car.
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#8
#9
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hmm, helpful info. so basically with me giving 2800 down and a 42month term, 1400/month ain't looking that bad for a 109k car? correct?
#10
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to say whether a lease is good, we need 2 things
- money factor (basically the interest rate)
- residual
ask them for it...otherwise it's really hard to say what is a good deal.
for perspective, when I leased my 2015 R the residual was 52%...the residual on a 2016 R is now in the low 60s...this is equivalent of $10+K over 36 months, easily $300/month...nothing has really changed except the financing company has increased the residual...
- money factor (basically the interest rate)
- residual
ask them for it...otherwise it's really hard to say what is a good deal.
for perspective, when I leased my 2015 R the residual was 52%...the residual on a 2016 R is now in the low 60s...this is equivalent of $10+K over 36 months, easily $300/month...nothing has really changed except the financing company has increased the residual...
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