DrPeter

MSRP: $121,115.

Selling at $121,020.

$2020.99 /mo

$8476.30 total due at start = Tax @7.75%, Document fee ($50), Acquisition fee ($745), First mo. Pmt.

10K miles /year

36 month term

Money Factor: 0.00350

Residual: 60%

eclou

Not bad, but ask for a tax credit to save about 6.65% on signing

mooty

it's decent but far from good.
you are paying $8k+ on day one. drive off should be no more than $3k for this car.
also you have a very high money factor.

eclou, can we get tax credit in CA?

pdxjim

This can help you compare.

http://www.leaseguide.com/calc.htm

eclou

I don't what the rules are in Kalifornistan, but in TX it is kosher. I got a tax credit on my TT and XC90, and would have gotten one on the GT3 except euro deliver forbids it

Snowboarder54

10,000 miles a year!!! WTF, I just got my car Dec 20th, I have to drive to Reno this weekend which would mean I would be parking the car until this Dec 20th!! You got to drive these cars men!!

TT Surgeon

It's an ok deal, mf could be .0032, but 60%res is good on a 3.

YA911Fan

Well, at least you got a pretty good discount!

TT Surgeon

better than nuthin

multi21

I don't lease, so can someone explain the mf and how that works. I thought the residual of 60% was very good after 3 years.

stuka

It is, assuming that they don't rape you on the money factor.

mooty

money factor is basically "interest rate" if you will.
take MF x 24 = roughly equivalent of your "rate".

there are many ways to structure it. the residual value is set by the lender and USUALLY not changeable (different lender will have diff residual, for example porsche financial services has higher residual than USB).

variables are capital reduction, pmt, MF, residual. assuming these are changeable you want to structure it to YOUR advantage. usually you dont want to keep the car at lease end. so you want very high residual and low cap reduction and low MF to get you min pmt.

if however, you KNOW you want to buy the car out at end of lease, residual isn't nearly as important. you pay nor or later, just structure it the way you like. usually pay later is better ;-)

smack

actually i thought the exact opposite was true. if you think you'll want to buy the car out in the end then you are better off looking for a lease with a lower res. but with a lower mf as well. the payment works out the same per month but the car is "worth" less at the end so you don't have as much to cover. porsche uses a high mf but counters that with an inflated res value to keep the payments in line.

crispenigl

Mooty,
Then you have a much higher monthly payment then right?
What do you get for a monthly payment when you drive off with so little cap cost reduction.

(I put a lot into cap cost reduction to get a lower monthly charge)

Thanks,
Greg

mooty

you are mixing two things into one.
MF and residual are independent variables, absolutely no relation to one another.
they are both variables you need to arrive at monthly pmt, but as variables they affect the result (pmt), they do not affect each other.

it is true pcna have high residual, then also high rate.

IF GIVEN A CHOICE, no mattter if you plan to buy it at end or not, you want low MF. that's a given.

so now we have fixed the MF, for this discussion.
then assuming i plan to buy at end, i want a very high residual.
one, this gives me min pmt.
two, since i am buying at end, i either pay now (big pmt) or later (big residual), i much rather pay later.