04 or 05 lease
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From: Palomar Mt. CA by the BIG telescope
04 or 05 lease
Hi all :
I am interested in a lease of a 04 or 05 MT 6speed with sports package titanium or White if an 05. What do I need to do in order to get $189 per month?
Thank you
David Drake
I am interested in a lease of a 04 or 05 MT 6speed with sports package titanium or White if an 05. What do I need to do in order to get $189 per month?
Thank you
David Drake
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Joined: Oct 2005
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From: Land O' Lakes, FL
The best thing you can do is talk to your dealer and see what's available. I purchased a vehicle, my amount financed was a little over 28K and my payments are $566 a month for 5 years. I put way too many miles on a car to lease one.
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From: Motorcity
You would have to put down a large chunk of change to get a $189 per month lease. I pay $444 per month for my '05 Shinka and I put $2K down. Now the Shinka is a little more....but there is now way to get any RX8 lease for less than $300 per month unless you put like $5000 or more down.
Sticker on a MT w/Sport Package is close to $29,000 - so, if you find one for that price without a massive downpayment, thank God profusely on your drive home from the dealership, and make sure you post pics.
I put down $12,250 plus there was a $2,500 credit and my lease is $140 a month for 48 months. It does save money in the long run because I can leave the rest in the bank to earn interest and be able to defer the taxes on the car.
BUT what I was told was if something happens to the car I would be out the money I put down because insurance would only cover up to what was owed.
Is that right? The bank would get the money since it was their vehicle?
BUT what I was told was if something happens to the car I would be out the money I put down because insurance would only cover up to what was owed.
Is that right? The bank would get the money since it was their vehicle?
Last edited by BoosTED; Dec 20, 2005 at 09:08 AM.
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if ur vehicle were to be totaled then you loose all the money you put down into the lease. never put a large chunk of money down on a lease if you can help it. put down the minimum and stick out the higher monthly payments. a simple savings account would be a much better place for that large downpayment. then draw money out of the account to help pay the monthly note.
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From: Cincinnati
Originally Posted by invaliduser
if ur vehicle were to be totaled then you loose all the money you put down into the lease. never put a large chunk of money down on a lease if you can help it. put down the minimum and stick out the higher monthly payments. a simple savings account would be a much better place for that large downpayment. then draw money out of the account to help pay the monthly note.
To address the original question, your best bet would be to lease a used '04.
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From: Palomar Mt. CA by the BIG telescope
Thank you all for your quick and informative replies. I have now a new question. Where would I get a lease for an 04?
Thank you, Merry Christmas and Happy New Year!
Thank you, Merry Christmas and Happy New Year!
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Originally Posted by t-rexnut
Thank you all for your quick and informative replies. I have now a new question. Where would I get a lease for an 04?
Reports of the remaining never-sold 04s are dwindling. I found one in September selling for more than $8,000 below MSRP. A few similar deals were reported, but your chances of finding a remaining 04 now are so small I'd suggest you don't get your heart set on it - just keep your eyes open for one.
Folks are scoring the 05s for several thousand below MSRP (a bit below invoice) so don't feel like you're getting a bad deal if you do that. Try Edmunds.COM for fair market value for different options packages and mileages you run across.
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