RC F Lease Rates and Deals (Merged Threads)
02-15-16, 06:15 PM
#241
Search the terms: Money Factor, Residual Value, Capital cost, and Lease on google. Seriously, some article written by an academic is probably going to be more accurate than anything we can tell you (with less spelling errors).
In short, MF is your interest rate, RV is your car value after the lease, and Cap Cost is the net cost of the vehicle after fees. These along with your lease term (How long you plan to lease the vehicle) will determine the cost of your payments/overall cost.
By the way, the deal you mentioned probably has a REALLY high Money Factor (interest rate). If you have good credit (around 800) your payment for that deal should be around 700-750$ per month.
EDIT: This is assuming no other costs. If you're upside down on a trade or something then it could be close. Ask them for the lease sheet that shows all the numbers and percentages.
In short, MF is your interest rate, RV is your car value after the lease, and Cap Cost is the net cost of the vehicle after fees. These along with your lease term (How long you plan to lease the vehicle) will determine the cost of your payments/overall cost.
By the way, the deal you mentioned probably has a REALLY high Money Factor (interest rate). If you have good credit (around 800) your payment for that deal should be around 700-750$ per month.
EDIT: This is assuming no other costs. If you're upside down on a trade or something then it could be close. Ask them for the lease sheet that shows all the numbers and percentages.
02-15-16, 07:33 PM
#242
Search the terms: Money Factor, Residual Value, Capital cost, and Lease on google. Seriously, some article written by an academic is probably going to be more accurate than anything we can tell you (with less spelling errors).
In short, MF is your interest rate, RV is your car value after the lease, and Cap Cost is the net cost of the vehicle after fees. These along with your lease term (How long you plan to lease the vehicle) will determine the cost of your payments/overall cost.
By the way, the deal you mentioned probably has a REALLY high Money Factor (interest rate). If you have good credit (around 800) your payment for that deal should be around 700-750$ per month.
EDIT: This is assuming no other costs. If you're upside down on a trade or something then it could be close. Ask them for the lease sheet that shows all the numbers and percentages.
In short, MF is your interest rate, RV is your car value after the lease, and Cap Cost is the net cost of the vehicle after fees. These along with your lease term (How long you plan to lease the vehicle) will determine the cost of your payments/overall cost.
By the way, the deal you mentioned probably has a REALLY high Money Factor (interest rate). If you have good credit (around 800) your payment for that deal should be around 700-750$ per month.
EDIT: This is assuming no other costs. If you're upside down on a trade or something then it could be close. Ask them for the lease sheet that shows all the numbers and percentages.
my plan is to lease first to keep monthly payments low now then later buy it, but I don't know it is a good idea or not?
02-16-16, 04:16 AM
#243
Since you are new to leasing, the dealer may take advantage of you quite a bit. Before signing anything bring the deal here and post it and members here will let you know how good or bad the deal is.
Typically you don't put a lot of money down on a lease, a big down payment can save some money on he interest charge on the lease but there is a risk of losing some or all of the down payment if the car is stolen or totaled early in the lease. Big down payments don't change your buyout at the the end of the lease either.
QUOTE=ohiois350;9367957]Thanks for your input, yeah i never lease before my plan is to lease first to keep monthly payments low now then later buy it, but I don't know it is a good idea or not?[/QUOTE]
Typically you don't put a lot of money down on a lease, a big down payment can save some money on he interest charge on the lease but there is a risk of losing some or all of the down payment if the car is stolen or totaled early in the lease. Big down payments don't change your buyout at the the end of the lease either.
QUOTE=ohiois350;9367957]Thanks for your input, yeah i never lease before
my plan is to lease first to keep monthly payments low now then later buy it, but I don't know it is a good idea or not?[/QUOTE]
02-29-16, 09:40 AM
#244
Went to the dealer this past weekend and these are the numbers I got.
2015 RCF
MSRP $73074
SALE PRICE $62900
RESIDUAL 55%
MF 0.0019
$2000 DOWN
MONTHLY 899 + TAX
2015 RCF
MSRP $73074
SALE PRICE $62900
$5000 DOWN
$7200 SECURITY DEPOSIT
MONTHLY 736 + TAX
2015 RCF
MSRP $73074
SALE PRICE $62900
RESIDUAL 55%
MF 0.0019
$2000 DOWN
MONTHLY 899 + TAX
2015 RCF
MSRP $73074
SALE PRICE $62900
$5000 DOWN
$7200 SECURITY DEPOSIT
MONTHLY 736 + TAX
02-29-16, 09:49 AM
#245
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(After the 7x MSD's were applied from .00190)
Did they break down the 5k down payment?
02-29-16, 09:49 AM
#246
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You didn't post the mileage and months quoted, so I'm unsure if 7500K and/or 48 months would work for you.
02-29-16, 10:42 AM
#247
Driver School Candidate
Sale price is too high in my opinion. You should be able to get them to 59-60k. It's a 2015 and it's Almost March. You need to pick a number you're happy with and be ready to sign if they can hit it, otherwise you may not get their best offer.
02-29-16, 10:47 AM
#249
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02-29-16, 10:47 AM
#250
Driver School Candidate
02-29-16, 10:48 AM
#251
Yeah I already have the price I want to pay just need to get other quotes from other dealers. I have been plugging in numbers in lease calculator and I know it is doable. 59K sell price is a great discount especially since it has been on the lot for over 250 days.
02-29-16, 10:51 AM
#252
The dealer I went to has 6 2015 left. Hence why I thought they would make a better deal. having cars on the lot for 250 days one would expect them to want to get rid of them. I
02-29-16, 10:54 AM
#253
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So far Lexus of Palm Beach, JM Lexus, and Lexus of Kendall have 3, 4, and 5 2015s, respectively, on their lot.
02-29-16, 07:24 PM
#254
02-29-16, 07:36 PM
#255
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What should lease numbers be on a $75K rcf 2015 10k 36 month average be? $700-900 range? Looking now for a rcf, my lease on my IS is up in 4 months.
Last edited by MGB1120; 02-29-16 at 07:40 PM.