Since i got F up by a so cal dealer, if you guys don't mind, let's post a comparison so we can have a buyers beware thread

Since rarely does 2 person got the identical deal including taxes, the intention of this thread is to act as a guild line, hence "Price" can be MSRP or actual.

Price / $ Down / Monthly Payment / Interest Rate / MF / Term / Residual value / Insurance / Age / State / Finance Co

for me from the same dealer (Galpin Ford/Mazda, Van Nuys CA):
31100 / 3000 / 540 / 9.89% / 0.0041 / 48 / ?? / 27 / CA / Mazda? / lease
31100 / 3470 / 470 / ?? / 0.0026 / 48 / 13,xxx / ?? / 27 / CA / WellsFrago / lease
31100 / 4368 / 428 / ?? / 0.0026 / 48 / 13,xxx / ?? / 27 / CA / WellsFrago / lease

*Edit: added "Residual Value" & "Finance or Lease"

 

Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co

31100 / 12500 / 399 / 4.39% /?? / 60 / around 1800 per year / 25 / CA / Bank One

Anahiem Mazda

Winning Blue GT

P.S. What's MF anyways?

 

Donald--

MF stands for Money Factor. It is essentially the interest rate of a lease. In Terence's case, a MF of 0.0041 is 9.84%, which is pretty lousy.

Instead of listing interest rate, Terence's grid should have Residual, since as I said before, the money factor and interest rate are pretty much the same thing.

Terence--

Have you checked out LeaseCompare.com? A couple of people on the forum have used them to help get a pretty decent lease. Also, Hercules and Eccles went through Apple Leasing, and they got pretty good deals, too.

Good luck!

--Anthony

 

Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co

32095/1500/527/5.75/?/72/less than 600 per year/36/VA/PeopleFirst

 

Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co

$33,872 / $9,500 / $449.49 / 3.99%APR / ----- / 60mths / $800 year(2 people) / 28 / VA / BB&T


(modified to reflect tax/title/tags in total price)

 

Total Price Incl. Tax Tags/ $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co



34760.24 / 4760.24 / 477.46 / 4.59 / 72 / $800 per year / 32 / PA / USAA

Im not sure how you guys are calculating price. I'm using total price which includes tax and tags.

Shane

 

Total Price Incl. Tax Tags/ $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co


33286 / 12286 / 389 / 4.24% /?? / 60 / $780 per year / 34 / OH/ PeopleFirst (Capital One)

 

Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co

32644 / 16174 / 377 / 4.90% / NA / 60 / ~1100 year / 33 / CA / Spectrum Federal

 

tony
how to convert MF to percentage? or vice versa

 

my insurance rate is so high.

 

Terence,

To find your interest rate, multiply your MF by 2400. If you want to know your MF, divide your interest rate by 2400.

Here's a good lease calculator to try http://www.leaseguide.com/calc.htm

Hope that helps.

Tony

 

MSRP+(tax,tag) / $ down / Monthl payment / int. rate / MF / term / insur. / age / St. / Finance Co

$37,154 / $37,154 / $0 / 0% / 0% / 0 / ~$900 a year / 45 / FL / Me :D

 

total price / down / monthly payment / interest rate / MF / terms / insurance / age / state / finance co

$30225 / $7000 / $427 / 3.92% / NA / 60 / $1042 per yr / 28 / FL / SunTrust

I had prequalified with PeopleFirst (Capital One) for 3.99%. But I just use that as leverage to get a slightly lower rate 3.92% from the dealer. A total saving of $44 :p . But then I don't have to do automatic debit.

 

FINANALLY!!!!!

Price / $ Down / Monthly Payment / Interest Rate / MF / Term / Residual value / Insurance / Age / State / Finance Co

31100 / ZERO / 470 / 3.89% / .00165 / 48 / 15XXX / 900/6MO / 28 / CA / US Bank

zero drive off too