plutonium239

Today, I was quoted around $520.00 per month for an Rx8. This is without a trade in and $2000.00 out of pocket up front. The rep told me to figure about $20.00 per $1000.00 leased. There is another thread here and some others I have seen where people are paying less than $400.00 per month with comparable down payments. What am I missing here? Was the rep quoting me for purchasing? Also, note, these figures are independent of my credit worthiness (they didn’t check it yet) I'm sorry to seem ignorant here but I was recently told I could get into an Acura TSX (27k) for around $370/month and an Infinity G35 sedan (32k) for just over $400.

WHealy

Have them spell out the calculations for the numbers and look at the asctual lease yourself. You need to know residual value, money factor/interest rate, MSRP (as this is what residual is based upon and cost you are purchasing the vehicle for. Typically once you does these things they point out what they have added.

Shop your lease as hard as you shop to find the best price for your vehicle. Call your bank to see what they can do for you. Also, make sure you have GAP insurance included with your lease.

plutonium239

I just went to Mazda.com and input the same numbers I discussed with the dealer. The estimated payment according to Mazda is $382.00/month, which is much more reasonable.

WHealy

Yep. Just remember a lease is really a finance with a baloon payment. You do conventinal financing on the difference between residual (% from MSRP) and and you price which includes any money down. Sales tax is include here as well. That's one part of the payment. Then the second part is strictly the intrest rate divided by 12 (to make it montly) time the residual. Add the two together and you should be pretty close to the actual lease payment.

Again, best advise I can give is shop your lease as hard as you shop your car price. Good luck.