NewSpace

After lurking and vicariously enjoying this forum for years, it's finally my turn. Got wife to take a test drive today and she grinned ear to ear. This would be my first lease so I need your help. Please advise if this is a good (enough) deal...

2014 F Sport, 27 months, 15k miles
MSRP: $59,383
Sale Price: $52,795
Base Payment: $539.25
Total Payment: $586.43
Purchase Option: $38,598
Excess Mileage Charge 0.25
Total Inception Fees: $1,248.44
Rebate as Cap Reduction: $951.56
Total Drive Off: $2,200
Rebate as Drive Off: $1,248.44
Total Cash Required on Delivery 0.00
MF: 0.00025

NewSpace

Bump. Anybody there?

toyotatom

I haven't figured many leases out lately but the purchase option price appears to be that of a 36 month lease and not a 27 month lease. Your purchase option is 65% and for 27 months it used to be around 70%. Your payment would like $109.00 cheaper using the 70% number, I would check and make sure the dealer gave you correct numbers. The MF is a really good number.

toyotatom

After looking around the forum, it looks like your residual is correct for the months leased, but I can't make heads or tails of the inception fee, rebate as cost reduction and the rebate as drive off. Are any of those being added to your cap cost? If you deduct all those costs from cap cost then I come up with a payment of around $512.00 not including any taxes.

Dustin2011

Use this link to rate your lease: http://www.ridewithg.com/calculator/index.html

NewSpace

Thanks for this link! If I filled in the form properly, the "deal rating" produces a good result. Another data point that says "go for it".

NewSpace

Thanks, I'll check on this.

NewSpace

very good question: emailed internet manager at dealership to find out.