Lease maths game
Team Owner
Joined: Oct 2002
Posts: 26,122
Likes: 3,880
From: S.F Bay Area
I see no reason why the dealer should capture additional revenue over and above that which they obtain via the difference between (the real) invoice and the final selling price
Rennlist Member
Joined: Sep 2013
Posts: 1,558
Likes: 688
From: Florida
Lease vs Purchase
Before you sign the lease, my advice is to look at an amortization table side by side lease versus purchase. You should run them apples to apples with the same down payment and similar monthly payment. Your SA should be able to provide you with a printout showing the lease payoff at each month.
I too intended to trade up before the end term of the lease and discovered that the payoff for the lease was substantially higher than the low interest longer term loans offered for purchase, especially at 24 - 30 months out.
Sales Tax will be a factor if you are not trading something in to reduce the tax, as leases are typically partially taxed where purchases are fully taxed.
Again, I generally prefer to lease, but the numbers just didn't justify it in my case this time.
I too intended to trade up before the end term of the lease and discovered that the payoff for the lease was substantially higher than the low interest longer term loans offered for purchase, especially at 24 - 30 months out.
Sales Tax will be a factor if you are not trading something in to reduce the tax, as leases are typically partially taxed where purchases are fully taxed.
Again, I generally prefer to lease, but the numbers just didn't justify it in my case this time.
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From: SFO, LAX, SJC, SNA, LAS, IAH, JFK
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Joined: Jun 2009
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From: Rancho Santa Fe, CA
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Team Owner
Joined: Oct 2002
Posts: 26,122
Likes: 3,880
From: S.F Bay Area
Intermediate
Joined: Mar 2015
Posts: 45
Likes: 1
not at all. zero prepayment!
EU dealer, not US.
Happy to "hear" i did a good deal.
...and got some goodies as well: tint rear windows, GTS with in red and some other extraordinary value as they want to deliver me the car some earlier as i initially wanted.....
EU dealer, not US.
Happy to "hear" i did a good deal.
...and got some goodies as well: tint rear windows, GTS with in red and some other extraordinary value as they want to deliver me the car some earlier as i initially wanted.....
Intermediate
Joined: May 2015
Posts: 25
Likes: 2
From: Fl
Gentleman, My Lava Orange c2S is on the boat and I need help re current residuals...I have a rate of 0.002 MF as negotiated a couple of months back.Assuming that is still the current best rate.
What are the current residuals for 10k/year 27 month lease ?
If someone can share a rate sheet, that would be much appreciated.
Thank you in advance !
What are the current residuals for 10k/year 27 month lease ?
If someone can share a rate sheet, that would be much appreciated.
Thank you in advance !
Team Owner
Joined: Oct 2002
Posts: 26,122
Likes: 3,880
From: S.F Bay Area
Gentleman, My Lava Orange c2S is on the boat and I need help re current residuals...I have a rate of 0.002 MF as negotiated a couple of months back.Assuming that is still the current best rate.
What are the current residuals for 10k/year 27 month lease ?
If someone can share a rate sheet, that would be much appreciated.
Thank you in advance !
What are the current residuals for 10k/year 27 month lease ?
If someone can share a rate sheet, that would be much appreciated.
Thank you in advance !
I'd recommend you look carefully at the term and mileage, I personally went with 30mnths and 7.5k miles (although perhaps I should have gone with 5.5)
or optimal lease...
