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Reply to "Car leasing 101"
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[quote=Anonymous]This may be the historically worst time to lease a car. Virtually no manufacturer incentives such as rebates and lowered money factor (interest rate). Dealers are not earning holdback or quota based incentives under stairstep programs. Dealer markups due to lack of supply. Lowered mileage caps. Run the numbers carefully and beware dealers who manipulate the sales process. Focus on (1) out the door price (total drive off in Leasing parlance, including “money down” (deposit) and payment of multiple security deposits (MSDs)), (2) monthly payment and (3) residual value (RV), that is, the buy out price at the end of the lease). Dealer will almost certainly try to screw you on a low ball trade in and rolling that into the deposit/MSD to lower monthly payment. Remember that with a lease you effectively are paying only the cost of depreciation over the period of the lease). The only potential upside is you have a small business and can take the write off. Caveat emptor. Here’s one place to research info: https://forums.edmunds.com/discussions/tagged/x/leasing[/quote]
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