In Reply to: 2003 Aero SW lease, DivrDon [Profile/Gallery] , Mon, 14 Oct 2002 00:03:52

Well, to see if its a good deal, you'll have to answer a few questions:
1. What is the cap cost?
2. Are the mileage expectations realistic?
3. Do you plan on turning the car in at the end of the lease?

There are many lease calculators (usually in the form of a spreadsheet) out there that will let you back in the numbers to see any missing values (lease rate, cap cost etc.). If you plan on driving the bejeesus out of the car and expect to turn it in in 48 months, you may get socked with a hefty mileage charge. Conversely, if this is to be the wife's city runabout, you could save money by going for fewer miles. If you plan on buying the car at lease end, then mileage is a moot point and you should go for lowest overall cost.

Going no cash is generally the best way to lease. If the car were totalled two months after you got it, your insurance would pay a certain amount, the Gap insurance would pay the difference to pay off the lease but you would be out your $2750 or whatever cap cost you contributed.

The deal doesn't sound _that_ bad. You should have seen what they were doing in August, though!

posted by 216.192.18...

• 2003 Aero SW lease, DivrDon , Mon, 14 Oct 2002 00:03:52
  • Re: 2003 Aero SW lease, DivrDon , Mon, 14 Oct 2002 18:38:29
    • Broke the point off my pencil......, Mike Lynch , Mon, 14 Oct 2002 21:52:41
      • Re: Broke the point off my pencil......, DivrDon , Mon, 14 Oct 2002 23:40:33
        • The residual is correct..., b.flippo, Wed, 16 Oct 2002 10:03:43
          • DivrDon said 48mos not 36....., Mike Lynch , Thu, 17 Oct 2002 15:22:31
          • Sorry, I'm on a role lately. n/m, b.flippo, Wed, 16 Oct 2002 10:04:20
        • The residual is correct..., b.flippo, Wed, 16 Oct 2002 10:03:30
        • Fabulous car, incredible deal, do it! :-), Mike Lynch , Tue, 15 Oct 2002 22:07:23
        • I ran some more numbers..., keeton, Tue, 15 Oct 2002 00:26:00
          • Re: I ran some more numbers..., DivrDon , Tue, 15 Oct 2002 00:43:38
            • Re: I ran some more numbers..., keeton, Tue, 15 Oct 2002 13:10:07
    • By backing in some of the numbers..., keeton, Mon, 14 Oct 2002 19:33:13
      • Re: By backing in some of the numbers..., DivrDon , Mon, 14 Oct 2002 19:58:38
        • Does not compute...., Mike Lynch , Mon, 14 Oct 2002 22:02:35
        • What's the tax rate, then?, keeton, Mon, 14 Oct 2002 21:59:18
          • 7.75% or 8.25% in L.A. someplaces....nm, Mike Lynch , Mon, 14 Oct 2002 22:04:03
  • Re: 2003 Aero SW lease, Rick D., Mon, 14 Oct 2002 11:53:42
  • high buyout?, Jason, Mon, 14 Oct 2002 11:49:45
    • Higher the buyout, the better, phred, Mon, 14 Oct 2002 13:51:46
      • leasing then buying, Jason, Mon, 14 Oct 2002 22:31:29
      • Better for who? And why?......, Mike Lynch , Mon, 14 Oct 2002 22:08:26
      • Sorry, not a good idea..., b.flippo, Mon, 14 Oct 2002 13:59:14
  • Wow, Hammer, Mon, 14 Oct 2002 07:35:29
    • Look in your local newspaper..., Mike Lynch , Mon, 14 Oct 2002 22:26:15
      • Yeah, but you own the car after that!, Hammer, Thu, 17 Oct 2002 14:39:02
        • Saab programs skew reality and finacial goals...., Mike Lynch , Thu, 17 Oct 2002 15:50:30
      • 700-900 a month should put you in a 745i, JimS, Tue, 15 Oct 2002 17:10:49
        • Try $1100-1200 with $3-4k down....nm, Mike Lynch , Thu, 17 Oct 2002 15:16:18
    • Don't forget, there's no cap cost reduction, phred, Mon, 14 Oct 2002 13:50:35
  • Re: 2003 Aero SW lease, Eddie, Mon, 14 Oct 2002 01:16:03
    • See below...old diver's joke.....nm, Mike Lynch , Mon, 14 Oct 2002 21:54:11
  • Re: 2003 Aero SW lease, keeton, Mon, 14 Oct 2002 00:36:21 <-- Viewing This Message

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