FastTags

Anyone knows what is the MF for tier2 credit score 663. I would assume it would be Tier2, but maybe tier3 To lease is350

Either 36/m or 27/m or both

FastTags

$640/m, MF.0016 are you kidding me , you did not get a good deal!

NVMarkus

iTrader: (2)

with 15K miles a year that is not as bas as you make it sound...

gmanusmc

That's true - 51 cents per mile as compared to 54 cents per mile on a 10k mile lease with a 450 monthly payment. It's a good idea to gauge a lease based on cost per mile. If he drives all the miles, he'll be ok. But obviously a lower money factor and a better discount would have yielded a much better deal.

gmanusmc

It's probably not as easy in PA to get the discounts we're getting here in CA - we have a bunch of Lexus dealers so there's a lot of competition. Be careful about using truecar and some of the other pricing guides. These places are sometimes in partnership with dealers and get paid accordingly. Most people can negotiate a much better price on their own by requesting quotes and working to get the best possible price.

Again, on a per mile basis, your lease is not bad at all compared to a smaller mileage lease where money was paid up front to get the payment lower.

FastTags

Tier1 MF is .00125??? Wow

FastTags

How is this a good deal, he is claiming to have a tier1+ whatever that is, and his MF is.0016.
Folks can get a 36/m lease with 10k miles zero down $420/m he is paying $660, are you saying there is $200 difference bn 10k and 15k cmon

gmanusmc

Tags – slow down and read a little closer - I didn't say it was a good deal - in fact, I said if he got a better discount and money factor, the deal would have been much better. What I did say about the deal is that a 640 payment on a 15k mile lease equates to 51 cents per mile and a 450 payment on a 10k mile lease equates to 54 cents a mile. Isn't 51 less than 54? Now if he doesn't use all the mileage, this comparison won't work that way. But on paper, because he leased for 15k miles, his per mile cost compares favorably to a lower payment, lower mileage lease.

I'm curious - what's the purpose of this thread?

Also, his original post seems to infer he didn't qualify for tier 1+.

FastTags

I just wanted to know the MF for towr 2 and 3

gmanusmc

Michael and kyfdx in the leasing section over at edmunds are great sources for accurate and current money factors and residuals - they apparently have access to info that we regular folks have to pry out of the dealer (and for some reason don't think we have a right to know).