Lease deals?
02-19-09, 09:07 AM
#1
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Lease deals?
Hey guys,
just wondering if you are seeing any deals out there on the IS-F for lease? Also, are the monthly payments crazy with just taxs up front? I assume some of u have leased the beast rather than buying or financing?
just wondering if you are seeing any deals out there on the IS-F for lease? Also, are the monthly payments crazy with just taxs up front? I assume some of u have leased the beast rather than buying or financing?
02-19-09, 05:39 PM
#4
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How did "buying" benfit you? Did oyu drop a lump sum of $$ to get lower payments than on a Lease?
At my dealer with about 5K down, you could get an 09' for about $800-$825/mo....then again thats on the lowest mi/yr. lease with the longest payment period.
02-19-09, 06:03 PM
#5
From my understanding, leases offer lower Out of Pocket but high Mo. payments whereas Financing requires ALOT down in order to maintain for just about the same Mo. payments if not a tab bit lower.
How did "buying" benfit you? Did oyu drop a lump sum of $$ to get lower payments than on a Lease?
At my dealer with about 5K down, you could get an 09' for about $800-$825/mo....then again thats on the lowest mi/yr. lease with the longest payment period.
How did "buying" benfit you? Did oyu drop a lump sum of $$ to get lower payments than on a Lease?
At my dealer with about 5K down, you could get an 09' for about $800-$825/mo....then again thats on the lowest mi/yr. lease with the longest payment period.
and most importantly it matters if you are going to buy out the car after lease, or you never plan to do so. that can be another huge factor specially for states where tax is calculated differently.
for example if lease money factor are not favorable and residual is low anyway, and you plan to buy out the car afterward, then lease might not be beneficial overall even though payment now might look lower. on the other hand, when i leased my gs350 and sc430, i did the math, and due to the favorable rates, if i lease for 3 yrs and then buy out, i end up paying less "interest" than financing the car for 3 yrs.
02-19-09, 06:17 PM
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Thanks...ive bought a couple cars from dealers (both new and pre-dertified) and also leased 1 with an option to buy which I did at the end of lease period...at least in my state my close friend who is CEO of a dealer locally got me deals on all my cars...and of those cars Ive bought from his dealership Ive found that leasing has been the beneficial option presonally..it was less OOP with reasonable mo. payments and was even told by others that not many people "Buy" expensive cars from the dealers due to high OOP requirements in order to keep low (or affordable) mo. payments..regardless of residual value, most I know deal with the 'now' and worry about the 'latter' then...
02-19-09, 06:48 PM
#7
Thanks...ive bought a couple cars from dealers (both new and pre-dertified) and also leased 1 with an option to buy which I did at the end of lease period...at least in my state my close friend who is CEO of a dealer locally got me deals on all my cars...and of those cars Ive bought from his dealership Ive found that leasing has been the beneficial option presonally..it was less OOP with reasonable mo. payments and was even told by others that not many people "Buy" expensive cars from the dealers due to high OOP requirements in order to keep low (or affordable) mo. payments..regardless of residual value, most I know deal with the 'now' and worry about the 'latter' then...
anyway that's for another threadbut yes, in general your statement is very true. also, people buying expensive cars, a lot of times they are also into changing cars every few years. and thus leasing is a lot less hassle. and on top of that, for states like CA, we only pay sales tax on the portion of the car that we "own". given tax rate is almost 8%, that can be a few grands saved by leasing (knowing you will change to something else later)
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02-19-09, 10:12 PM
#8
lol partially why the US economy market melts down anyway that's for another thread
but yes, in general your statement is very true. also, people buying expensive cars, a lot of times they are also into changing cars every few years. and thus leasing is a lot less hassle. and on top of that, for states like CA, we only pay sales tax on the portion of the car that we "own". given tax rate is almost 8%, that can be a few grands saved by leasing (knowing you will change to something else later)
anyway that's for another threadbut yes, in general your statement is very true. also, people buying expensive cars, a lot of times they are also into changing cars every few years. and thus leasing is a lot less hassle. and on top of that, for states like CA, we only pay sales tax on the portion of the car that we "own". given tax rate is almost 8%, that can be a few grands saved by leasing (knowing you will change to something else later)
another factor that might help is that on a lease you may not have to pay tax at times they have what is called L&M and it lowers tax rate to usually aroung 1 to 2 percent. its better if your not going to buy out the car because then you have to pay tax again on full amount.
leasing is great but if the residual is high or your money factor is like .00010 or at least under .00100 thats great too. most people go to dealers and mess up by switching to a lease last minute and the dealer scoops profits up due to the fact most dont understand. fyi also unless you money factor is liked i descibed your paying lots of rent charge or wear and tear. rem u pay that number on the residual and sales price so its high for a short term.
02-19-09, 10:16 PM
#9
also never buy miles upfront unless you know for sure your going to drive that many and never put money down except for first payment and maybe license. your throwing money to a lost cause its only lowering monthly save that money. if you totalled that car money is gone and most leases include gap free or at low cost which will amke sure the vehicle gets paid in full!
02-20-09, 07:33 AM
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Sorry what I wrote was a little confusing, What I meant by Benefit was, I pay a little more to fiance, and its mine! If i pay 850 a month x 36 = 30,600 plus 5k down =35,600. So I just bought it for $42,000 with 2k down and financed the rest. Sooo it made a way better financial decision! In my opinion. Hope that helps to clarify my original stament!
Mikedozz go see by friend at the my dealer he will get you the best deal out their!!! PM me if your interested
Mikedozz go see by friend at the my dealer he will get you the best deal out their!!! PM me if your interested
02-24-09, 06:11 AM
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ni8done, what's your interest rate on the loan if you don't mind sharing...just curious what the going trates are now since dec. to remember ended....I got 0.9%, but also paid more for the car (just 2 mos ago)...so it is prob. a wash for me...I'm guessing new car rates are 4.9 or so??
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