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Quote from thelnel52 : Will you please explain which part of the post isn't accurate? Nothing there says not to lease from manufacturer, only to come in with a lower sales price than the ones you see on commercials. The residual and money factor (assuming you qualify for the best rates through mfg) should be exactly the same.

None of the post is accurate. Not one bit.

It will take too long to described everything. But with leases, there can be up to three different types. Your early payoff amount will vary depending upon each type.

There are also issues with annual mileage, bank charges to do the lease, dealer incentive fees, number of payments required for deposit, etc... Depending upon those factors, lease APR ranges from 15% to 28%,

You also have issues of gap insurance, residual insurance as well as liability insurance. On top of that you may also have to meet service requirements as well as wear and tear issues at time of returning the vehicle.

Most consumer do not understand leases and that is why they get sucker into it. They only look at monthly payments. When the lease is up, most are upside down and have to lease another vehicle in order to avoid paying the differential.

Oh, the money factor and residual is not set, Depending upon your credit score and street smart, the financing guy at the auto dealership will send you to the highest APR where he gets a kickback as well as the dealership sharing in on the excess APR with the Bank/Financing company.

That is why only lease one should get into is the manufacturer's lease where there are less games being play and usually have a low APR.