Hey, so recently the family car was stolen and no comprehensive insurance on an old 2000 car with over 130k+ miles.
So now I need to find my retired parents a vehicle that I will need to make the payments on. Looking for a great lease deal, because none of us have enough free cash to pay for a used car.
Was thinking about a honda fit type car, given the great reviews and price point. I am open to other cars as long as the monthly payments are low.
Right now Honda has the spring event going on and has the fit for $0 down, $0 first months payment, $0 everything. Includes destination, excludes tax, license, title fees, registration, documentation fees, options, insurance and the like...
I have never leased a car so was really hoping this forum could help me out with tips/suggestions.
Dont have to go for that as there are deals everywhere. Just a matter if you have the time and patience to do it. Also dont listen to the bandwagon that will say a lease is just throwing your money away. If it makes sense to you do it.
Also use Truecar.com. Look at all the numbers and even try a lease worksheet. Make sure you plan on keeping it the entire lease because as I found out Nissan is a PITA. There are so many variables in how they figure out lease payments its real easy to get screwed.
Did you ever find anything? Another thing to consider is if you are going to keep the car in the end and try and finance it or turn it in and get another one. For the car I was looking at and needed the higher the residual helped with car payment because I dont plan on buying the car in the end and go with something else.
Have not gotten anything yet, still thinking about the new Honda Civic because of the lease deal. I will likely end up switching the car instead of buying it at the end. Or I was reading that swapping your lease before it ends is a good idea too.
I need to figure out which points are the most important to negotiate when leasing a car. Residual is def. an important aspect. And money factor. What else is super critical negotiation points?
Honda is showing me the civic at $210/month $0 everything. Leasetrader is showing me the same car for $149/month $0 down. 10k miles/yr.
Last edited by perfectagent008; 05-05-2014 at 11:21 PM..
Reason: added q
Check out edmunds. Tells you all the words they use money factor (interest rate) etc.. Your money factor can be a adjusted just like any interest rate for a normal loan. Most important is the final agreed upon price. Dont just pay MSRP. Just because its a lease doenst mean its not negotiable. Also make sure they are actually coming off the price of the car and not using rebates as they doesnt have anything to do with their bottom line of the car. Isnt lease trader taking someone elses car? Serious you need to do alot of research and understand terms. I mean if you feel good with the deal all this research means nothing.
Are you reading the fine print as to what is actually needed to get into that deal? Walk in say you want to see all the numbers you are interested and the deal should be the same when you come back. That will give you time to go over all the numbers and see if they work out. Usually they are giving that payment but what about all the little stuff like taxes etc.. that are not listed. You really need to walk in get the numbers. Look at the due at inception figure.
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