Thousand oaks is advertising a new 05 coupe for $299 a month and 5K down for 24 months.....i am assuming this is the base model...but what do you guys think of that pricing?

 

i guess its a pretty good deal?

 

They were doing that here a month or so back I think if you have $5k to put down on a lease you might as well buy it.

 

I would also expect that the price excludes taxes, tags, delivery,and God knows what else. I remember going to a dealer who advertised a lease price with zero down. Well, the zero down turned out to be around $4K when everything was considered.

Sales people love leases and they love when you tell them what you want to pay per month. They can always customize a plan to meet your needs that will be highly profitable to them. Almost all Dealers now offer attractive lease offers that aren't nearly that attractive when you explore the details.

One last point. Although I've never leased a car, I believe it's a bad idea to put a large sum of money down. If your car is stolen or totaled a couple of months later, your down payment is gone.

 

on a typical 36/39 month lease, you knock off roughly 25-30 bucks a month with every $1000 you put down. Especially on such a short term lease, they bang you even harder because of depreciation. With the low finance rates out there, it doesnt serve you too well to tie up the cash in a lease like this. Its that same logic that you never go into a dealership and tell them what you want your monthly payment to be. Get the money factor and what they are selling you the car at. I would bet it is well over invoice and the residual is nuts. Get all the info on the factors that brought the figure to 299 and back your way out of it to see if it is a good deal. My guess is you could do much better leaving your 5k in the bank and leasing for 36/39 months with less out of pocket and higher payment.

 

auto, base, coupe...they have so many of those, you can prob get one for well below invoice. I wouldn't do it. Wait for an 06 6mt

Hooman

 

Therres a lot of factors to consider, just like everyone pointed out. But for a 24 month lease, your always going to pay more a month.

 

bust down the 5k per month and it's another 200+. So over $500 a month. worth it? depends on if it's worth it to you.

 

Never put money down on a lease, especially one that's as short as 24 months. Put that money in the bank or invest it and use it to cover the higher payments.