Lease payment question

[Anonymous]

39,500 MSRP - 7500 miles a year / 36 months / in MD. All in what would you aim for as a monthly lease payment with no money down? What is realistic? I’m not concerned about $50 a month or anything but am having trouble figuring out what is an ok deal vs a horrible deal.

Thanks.

[Anonymous]

Anonymous wrote:39,500 MSRP - 7500 miles a year / 36 months / in MD. All in what would you aim for as a monthly lease payment with no money down? What is realistic? I’m not concerned about $50 a month or anything but am having trouble figuring out what is an ok deal vs a horrible deal.

Thanks.

It all depends on the vehicle. You need to know the residual value and the money factor. That determines payment.

That being said, for the lowest payment you want a car that does not go down in value since that’s what a lease is, you are paying the depreciation over 36 months. If it goes down a lot, payments are higher. Here is a simple way to see it.

Car cost $x when you buy it
You agree it’s worth $Y in 3 years with 22,500 miles.
You are paying the difference between x and y so you want that difference to be low.

[Anonymous]

1% of MSRP per month is always good — see how close to that you can get.

[Anonymous]

Anonymous wrote:1% of MSRP per month is always good — see how close to that you can get.

Thanks - helpful benchmark. And that is all in - taxes, fees, etc, with no downpayment? $400 seems really low, but maybe it's possible....

[Anonymous]

Anonymous wrote:

Anonymous wrote:1% of MSRP per month is always good — see how close to that you can get.

Thanks - helpful benchmark. And that is all in - taxes, fees, etc, with no downpayment? $400 seems really low, but maybe it's possible....

Your mileage is really low, the price should be really low too

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1% of MSRP per month is always good — see how close to that you can get.

Thanks - helpful benchmark. And that is all in - taxes, fees, etc, with no downpayment? $400 seems really low, but maybe it's possible....

Your mileage is really low, the price should be really low too

It really doesn’t make that much difference.