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is this a good deal

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Old Mar 8, 2007 | 02:42 PM
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blackonblackG's Avatar
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is this a good deal

07 sedan 6mt with premium + Navi

36 Month Lease with 12,000 miles per year. $807.85 Due at signing. I know you said $0 down in your email but this $807.85 is just your 1st payment, taxes and tag. So you'll only have 35 payments remaining and the monthly payment is only $599 plus tax per month.
 
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Old Mar 8, 2007 | 03:47 PM
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Average to a tad high I would say.

What's the sale price of the car? How much over invoice? How many miles a year? Money factor?
 
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Old Mar 8, 2007 | 04:09 PM
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that was the responce i got from a local dealer...

the msrp is 37 and change and that was their reply.
 
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Old Mar 9, 2007 | 12:40 PM
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That is a total rip off. With an MSRP of arround $37K you should be somewhere near $500 not $600!
 
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Old Mar 9, 2007 | 01:44 PM
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From: Modesto, CA
Originally Posted by blackonblackG
07 sedan 6mt with premium + Navi

36 Month Lease with 12,000 miles per year. $807.85 Due at signing. I know you said $0 down in your email but this $807.85 is just your 1st payment, taxes and tag. So you'll only have 35 payments remaining and the monthly payment is only $599 plus tax per month.
Lets see, since the residual and M/F are unknow? lets just use's some what average numbers...

MSRP of 37400, Selling price of 34700 (500 over invoice), acquisition fees of 495, with 52% residual and M/F of 0.0025 (6%)...you are looking at 575/mos for 36 mos.

So I wont say your payment is bad excatly, but you could do bit better, example, if you lower the M/F by just 1%? you lowered your payments by about 25 bucks, at same time if you found an dealer willing to up the residual by just 2%? you lowered it by other 20 bucks and end up around 530 rather than 599.
 

Last edited by limeg35; Mar 9, 2007 at 01:56 PM.
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