chrispbaco

Can I get an honest appraisal of this deal? I can't seem to get to the blue book value of ~$38000.

ES350
MSRP: $44,818 (Premium+wood trim, nav) 56% residual. Selling price cap cost: 40,500.

36mo/12000.

.00080 MF or 1.92% APR.

$434mo with 1867.96 due at signing

Brent1944

I dont lease any more cause i keep my cars longer but id deal for more mileage a yr than that w/o increasing the payment..

SW17LS

That looks to be a pretty good deal.

Cant increase the mileage without increasing the payment. That reduces the residual which increases the payment.

Whether or not you want more mileage depends on whether you need more mileage. No sense in paying for mileage in the lease you won't use.

Brent1944

You can make more of a down payment... but a lot of people drive more than 12,000

Mike728

I drove mine almost 15k the first year. 3 years, almost to the day later, I now have 17.5K. One of the many reasons I would never lease. Things change.

SW17LS

You can, but the mileage essentially costs the same if you pay it now or pay it later. Why pay now and risk buying more miles than you need? You can always negotiate out of any mileage overage at the end.

And thats why why I said "it depends on whether you need the miles or not"

I would also never put anything down on a lease. All you're doing is prepaying rent.

Brent1944

Zero down= higher payments.... only cars that dont sell well for the most part offer zero down...and if yr trading.. thats yr down....

SW17LS

You can do zero down on any lease. What they offer in advertising means nothing. Zero down, nothing out of pocket but the first months lease payment is the way to go. Don't take my word for it, do some reading online, lots of great resources and articles out there. Don't tell me "how long you've been doing this" either lol, I've leased 10+ cars and have helped negotiate many leases for others, all of which were $0 down. Trading? Take the money and put it in your bank account, I would never put it down on the car. Just negotiated a lease for a coworker, she walked away with a $21,000 check for her trade and a new leased Range Rover.

Leasing is just renting. Would you rent an apartment and put money down to lower the rent? All putting money down does on a lease is reduce the cost of the lease by the money you put down. It's prepayment of rent. Put 5,000 down on a 36 month lease? Reduces the payments by $139 a month ($5,000/36). Keep your money in the bank and pay $139 of the payment out of that.

Other issue is if you total the car the owner is the leasing company, and they get paid out of the insurance meaning your downpayment is lost.

Brent1944

I dont really give a crap to be honest.. lease all u want.. I could care less..i dont lease.. I dont want car payments for the rest of my life..

SW17LS

Then don't try and give people advice about leasing or argue with people who clearly do when you have no idea what you're talking about.

Brent1944

Actually I do know... enough said..you seem to know everything on here it seems..

SW17LS

You said that $0 down leases were only available on cars that don't sell well and that's not true. You can lease ANY car with $0 down. You thought putting money down on a lease saved money in the long run, it doesn't with a lease. All it does is prepay rent, the cost at the end is the same.

I don't "know everything", but this specifically is a subject that I am an expert on quite frankly.

dchar

SW15LS is right. Better to use the money in other ways than tie it up in a down payment. It is easily negotiated with any deal for any car.

Brent1944...you are commenting on a lease thread but you aren't contributing accurate or useful info. If you "could care less," then move on to a different thread.

Brent1944

you OPINION matters not to me.... and i may comment on any thread.. Thank you..

SW17LS

And I will continue to correct the things you post that are wrong on subjects where I know them to be wrong.