Notices
Purchasing, Financing, & Insurance Talk about dealerships, your order status, delivery experience, ordering options, financing/leasing, insurance deals, etc.

Lease Payments

Thread Tools
 
Search this Thread
 
Rate Thread
 
Old 08-16-2004, 11:28 PM
  #1  
#1 in the hood G
Thread Starter
 
RCMarquis's Avatar
 
Join Date: Aug 2004
Posts: 61
Likes: 0
Received 0 Likes on 0 Posts
Lease Payments

Is anybody leasing an Rx-8? If so what kinda payments do you have?
Old 08-16-2004, 11:30 PM
  #2  
Registered User
 
rumatt's Avatar
 
Join Date: Nov 2003
Posts: 60
Likes: 0
Received 0 Likes on 0 Posts
Dude, do a search. There are a few active threads on this now.
Old 08-17-2004, 12:24 AM
  #3  
Registered User
 
Blue_Chameleon's Avatar
 
Join Date: May 2004
Location: Bay Area - Central Valley, CA
Posts: 123
Likes: 0
Received 0 Likes on 0 Posts
Mine is $384.97...its slightly higher because I upgraded the warranty service to 7 year/100,000 miles.
Old 08-17-2004, 09:00 AM
  #4  
Still spining
 
RotorGeek's Avatar
 
Join Date: Feb 2003
Location: Miramar FL.
Posts: 986
Likes: 0
Received 0 Likes on 0 Posts
Do a search. I pay 399 month, 2 year lease
Old 08-17-2004, 09:45 AM
  #5  
Registered User
 
JimW's Avatar
 
Join Date: Dec 2003
Location: South Florida
Posts: 490
Likes: 0
Received 0 Likes on 0 Posts
41 months left at $367.00 a month including taxes. Everything save for Navi and 6 disc changer. I love the car, one of the best I ever owned. I hurt my back and am in the process of having someone assume my lease. I need a bigger car with and auto.
Old 08-17-2004, 10:13 AM
  #6  
Registered User
 
dwill9578's Avatar
 
Join Date: Jul 2004
Location: Portsmouth NH
Posts: 229
Likes: 0
Received 0 Likes on 0 Posts
327.07 2 year,15k a year little over 2200 down. Black with Tan,6sp,Nav,changer--agree with JimW greatest car I have ever owned.
Old 08-17-2004, 11:28 AM
  #7  
Registered User
iTrader: (1)
 
smrx8's Avatar
 
Join Date: Jan 2004
Location: WHITE HOUSE
Posts: 1,752
Likes: 0
Received 0 Likes on 0 Posts
415.00 a month 42 month lease
Old 08-17-2004, 12:47 PM
  #8  
Overport
 
Overport's Avatar
 
Join Date: Feb 2004
Location: Florida
Posts: 928
Likes: 0
Received 0 Likes on 0 Posts
thought about leasing...instead paid cash. i love this car!!!
Old 08-17-2004, 12:56 PM
  #9  
RJPlunk9
 
rjplunk9's Avatar
 
Join Date: Aug 2004
Location: Mass
Posts: 17
Likes: 0
Received 0 Likes on 0 Posts
I saw an add in the Auto section of the Boston Sunday Globe and the past 2 weeks the RX8 (6 spd w/ CD) has been $199 a month for 24 months (no more than 20,000 miles allowed).
Old 08-19-2004, 03:40 PM
  #10  
Registered User
 
Domino81's Avatar
 
Join Date: Jun 2004
Location: Syracuse, NY
Posts: 20
Likes: 0
Received 0 Likes on 0 Posts
I've never been so embarassed by how much money I make... looks like I'll be waiting around 3 or 4 years until the price is dramatically reduced.
Old 08-23-2004, 11:47 PM
  #11  
Banned
 
JoePaterno's Avatar
 
Join Date: Jul 2004
Posts: 133
Likes: 0
Received 0 Likes on 0 Posts
0 down, 500$/month, 17,500 miles/year, Brilliant black 6speed GT sport, black and red leather, sticker was 32 thousand and something, wear and tear insurance, i also owed 13,000 on a car worth 9. Considering the fact that I have 17500 miles per year and they paid off my other loan, i guess I didn't get ripped off that bad. Any comments?
Old 08-23-2004, 11:53 PM
  #12  
Banned
 
superrx8's Avatar
 
Join Date: Aug 2004
Posts: 17
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by JoePaterno
0 down, 500$/month, 17,500 miles/year, Brilliant black 6speed GT sport, black and red leather, sticker was 32 thousand and something, wear and tear insurance, i also owed 13,000 on a car worth 9. Considering the fact that I have 17500 miles per year and they paid off my other loan, i guess I didn't get ripped off that bad. Any comments?
w/out much more details, can't really say but i'm guessing you made a pretty poor financial situation, but hey, if you have the money to throw out, that's fine i guess, think again if the dealer paid your loan, it's a business to make money, not to help you out one bit
Old 08-24-2004, 12:25 AM
  #13  
Banned
 
JoePaterno's Avatar
 
Join Date: Jul 2004
Posts: 133
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by superrx8
w/out much more details, can't really say but i'm guessing you made a pretty poor financial situation, but hey, if you have the money to throw out, that's fine i guess, think again if the dealer paid your loan, it's a business to make money, not to help you out one bit

Whats your point? Yea the dealer paid off my loan. they paid 13,000 for a car i couldn't have gotten any more than 9000 for. So what are you saying? Are you saying that 4,000 dollar difference doesn't mean anything? That is part of the reason why my payments are a little high. I put 0 down, i have 17,500 mile/year, and some insurance so I dont get charged for minor damages. These are all factors that greatly influence your lease price.
Old 08-24-2004, 07:06 AM
  #14  
Banned
 
superrx8's Avatar
 
Join Date: Aug 2004
Posts: 17
Likes: 0
Received 0 Likes on 0 Posts
again w/out any full details, i have no further comment, but congrats on your new rx8, enjoy it
Old 08-26-2004, 10:38 PM
  #15  
Registered User
 
grapes's Avatar
 
Join Date: Apr 2003
Location: Cape Cod
Posts: 303
Likes: 0
Received 0 Likes on 0 Posts
Thumbs up Lease Payment

You don't want to know. $3k down 24 mo. lease all incentives $500 college grad and $250 REV IT UP coupon-------READY $149.82 a mo. for 24 months, Mello Yellow Picked it up today. All lease incentives and dealer cash back will be ending Sept. 6th... Invoice -$5 k, couldn't pass it up. Base 6sp for $150 a month.

Last edited by grapes; 08-26-2004 at 10:42 PM.
Old 08-27-2004, 09:33 AM
  #16  
Registered User
 
JM1FD's Avatar
 
Join Date: Jan 2003
Posts: 11
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by grapes
You don't want to know. $3k down 24 mo. lease all incentives $500 college grad and $250 REV IT UP coupon-------READY $149.82 a mo. for 24 months, Mello Yellow Picked it up today. All lease incentives and dealer cash back will be ending Sept. 6th... Invoice -$5 k, couldn't pass it up. Base 6sp for $150 a month.
$3k down....that's bad. You should never put money down on a lease. Total it or it gets stolen, and that $3k is gone. You're better off just putting that $3k in savings and taking a little of it out every month to make the payment.
Old 08-27-2004, 09:37 AM
  #17  
Registered User
 
JM1FD's Avatar
 
Join Date: Jan 2003
Posts: 11
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by dwill9578
327.07 2 year,15k a year little over 2200 down. Black with Tan,6sp,Nav,changer--agree with JimW greatest car I have ever owned.
Could you give a few more details, such as cap cost, and exactly how much down? I'm looking to lease one optioned similarly with the same 2 year 15k, but with no down payment. My calculations are coming to $430/month....although throwing your down payment against the payments for 24 months, that brings it to $410.
Old 08-27-2004, 09:44 AM
  #18  
Registered User
 
grapes's Avatar
 
Join Date: Apr 2003
Location: Cape Cod
Posts: 303
Likes: 0
Received 0 Likes on 0 Posts
Lease

It's really not that bad a deal.The $3k goes toward the residual value at end of lease. Ther are 3 options 1) Turn the car in walk away. 2) refinance the $17k due to purchase vehicle or 3) pay the $17k in one payment. Either way it's not a bad deal. $3k down plus payments of $150x24= $3600 plus $17000 for buyout after 2 years. Lets see now that would be a total of $23,600 to own the car. Buy the way the Choose & Cruise plan is not really a true lease but a short term finance option with a balloon payment if you choose. Yellow RX-8 6sp Base build date 5/04. 12k miles a year. 2 year commitment.

Last edited by grapes; 08-27-2004 at 09:54 AM.
Old 08-27-2004, 11:27 AM
  #19  
Registered User
 
qdog145's Avatar
 
Join Date: Aug 2004
Location: Farmington Hills, Michigan
Posts: 25
Likes: 0
Received 0 Likes on 0 Posts
2000 total down with 1st month payment, black automatic with gt package, spoiler, floor mats. 315 a month
Old 08-27-2004, 01:00 PM
  #20  
Registered User
 
JM1FD's Avatar
 
Join Date: Jan 2003
Posts: 11
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by grapes
The $3k goes toward the residual value at end of lease.
No it doesn't. The $3k is "cap cost reduction" and has nothing to do with the residual. The residual is the same if you put $0 or $10k down. Cap cost reduction reduces the cap cost, as the name implies, and thus reduces the payments. Thus, the fact still remains that it is STUPID to put money down on a lease.

Here's another hint for all wouldbe lessees.....DON'T GET A LEASE IF YOU DON'T UNDERSTAND THE MATH!
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
SBGarage
Sakebomb Garage
3
10-22-2015 04:28 PM
SBGarage
Group Buy Center
1
09-12-2015 08:18 PM



You have already rated this thread Rating: Thread Rating: 0 votes,  average.

Quick Reply: Lease Payments



All times are GMT -5. The time now is 09:23 AM.