04-16-2016, 01:36 PM | #4 |
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Leasing may not be a bad deal if you can negotiate a low money factor. You will likely end up with equity.
About the only thing you need to negotiate when leasing is the money factor. The residual only determines if you walk away with owing nothing or end up with equity at the end of the lease term. Pay more each month and get a check back at the end or pay a little less each month and walk away with 0. Sure it's better to have money upfront but we're talking about a very small monthly difference if the residual was 60's vs mid 50's. |
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04-16-2016, 09:35 PM | #6 |
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When I saw Canada's residual, it initially seemed like a hell of an improvement over ours. But when you actually run the numbers with your even crappier money factor, the actual lease payments work out to be about the same.
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04-17-2016, 05:40 PM | #7 | ||
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Quote:
Quote:
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04-18-2016, 08:11 AM | #8 |
never could compete with Lloyd Braun
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Leasing this car at MSRP is a bad choice given the current residual and base MF. If you could get 6-8% off MSRP it would more enticing but I doubt you'll see these discounted for another 8-10 months.
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