[Ntown M2]

Anyone lease their new M2 yet? Is yes, can you share the lease numbers?

[zenmaster]

My advice would be not to lease this car at current residual, unless it's a business expense.

[dalrx]

I think lease is nothe bad...60% residual compared to low 50 for m235...heck I can get 1 for 1000 or so a month!

[Em-Two]

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.

[zenmaster]

I think the residual is too low.

[confusion]

Originally Posted by dalrx

I think lease is nothe bad...60% residual compared to low 50 for m235...heck I can get 1 for 1000 or so a month!

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.

[zenmaster]

Originally Posted by Em-Two

The residual only determines if you walk away with owing nothing or end up with equity at the end of the lease term.

Not true for every state. My state wants to discourage lease buyouts by double taxing.

When you lease a vehicle the lessor "buys" the vehicle for the lessee which triggers the TAVT, however the lessee signs an agreement to pay any and all taxes during the lease. At the end of the lease if the lessee choses to "buy" the vehicle from the lessor, this is another purchase triggering the TAVT.

Greg Elton
Supervisor - Help Desk Administration Unit
Georgia Department of Revenue -
Motor Vehicle Division

Further, you wouldn't want equity, if that equity came directly out of your wallet! Cmon!

[JTO24]

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.