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BAY AREA California, CAR LEASE for under $100 per month with $0 down.

Naveend 10 May 21, 2012 at 12:37 AM
Greetings,

I am looking to get a new CAR lease for 36 months with zero(0) down and undesr $100 per month charges for a nice small car.
Preferably Nissan Versa, or Mazda 2 etc, or any nice small new car. (NO SMART please).
I am in the Bay Area, CA and can travel upto 100 miles to go get my car.

Would like to ge this by Memorial day weekend.
I have no trade-in or exchanges to do.
Thanks,
ND.

11 Comments

1

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#2
Since when can people pay no more than $3,600 to have a car for three years? Might wanna invest in a comfy bike seat.
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L1: Learner
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#3
Quote from sleepylabone View Post :
Since when can people pay no more than $3,600 to have a car for three years? Might wanna invest in a comfy bike seat.

http://slickdeals.net/f/4255684-Nissan-altima-lease-69-month-24-months-2k-down-MA?v=1

No harm in making an attempt.
But a pot of luck if it strikes the deal. Somethign tells me, I will.
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#4
Maybe for a motorcycle, but you won't find a new car with no down payment for under $100/mo. Let's break down the one you linked to above:

$69/mo x 24 mo = 1,656
+ $2000 down = 3,656
Add tax on the above - guessing 8% (~$300), but will vary depending on what city you're in = 3,956

So that $69 lease is actually a MINIMUM of $165/mo once all fees are taken into consideration. You may also have to pay bank fees of up to $895, plus additional taxes on this AND tax on any rebates involved, which can add up to another $40-50/mo. Oh, and don't forget title & plate fees.

So bottom line - be very careful about the advertised lease cost that they show you. There will be a lot of additional costs thrown on top of there.
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#5
Thanks for doing the math Jeff. Nothing like a little 4th grade arithmetic to keep us honest here. Plus, the dealerships factor in that they're getting a nice little $2,000 egg up front from that deal, which is immediate money in their pocket. You can be sure that if you aren't willing to pony up that money at the beginning, the dealership's accountants will take that into account and tack that on significantly to the monthly payment.

Some of the cheapest cars you can get from a dealership right now are the Nissan Versa, Kia Rio, Hyundai Accent, and Suzuki SX4. Use this to calculate your monthly payment for a Versa:
http://www.nissanusa.com/apps/paymentestimator
Check out those other cheapest cars, and I think you'll start to see how unrealistic your question is.
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#6
Here is a list of May lease deals under $200 and their approximate down payments. Outside of the SmartCar, there is nothing for $100.


SmartCar Pure Coupe - $99/month, 36 months, $999 down

SmartCar Passion Coupe - $139/month, 36 months, $999 down

Suzuki SX4 Sedan - $149/month, 36 months, $3621 down

Kia Rio LX - $159/month, 36 months, $1840 down

Chevrolet Cruze - $159/month, 24 months, $1430 down

Volkswagen Jetta S - $159/month, 36 months, $1840 down

Kia Soul - $169/month, 36 months, $1830 down

Kia Forte LX - $169/month, 36 months, $1830 down

Hyundai Accent - $169/month, 36 months, $1530 down

Scion iQ - $169/month, 36 months, $1830 down

Ford Fiesta - $169/month, 24 months, $1660 down

Honda Civic Sedan - $169/month, 36 months, $1800 down

Subaru Impreza - $169/month, 42 months, $1800 down

Suzuki SX4 Crossover - $179/month, 36 months, $3082 down

Nissan Sentra - $179/month, 39 months, $1820 down

Hyundai Elantra - $179/month, 36 months, $1820 down

Hyundai Veloster - $179/month, 36 months, $1820

Ford Fusion - $179/month, 24 months, $2165 down

Nissan Altima 2.5S - $179/month, 24 months, $2820 down

Kia Forte Koup EX - $179/month, 36 months, $1820 down

Chevrolet Malibu - $179/month, 24 months, $1380 down

Scion xD - $179/month, 36 months, $1820 down

Scion xB - $189/month, 36 months, $1810 down

Ford Escape - $189/month, 24 months, $2440 down

Suzuki Kizashi - $189/month, 36 months, $2414 down

Mitsubishi Lancer ES - $189/month, 24 months, $2199 down

Kia Optima LX - $189/month, 36 months, $2310 down

Mazda3 4-Door - $195/month, 36 months, $1770 down

Mitsubishi Lancer Sportback ES - $196/month, 24 months, $2199 down

SmartCar Passion Cabriolet - $199/month, 36 months, $999 down

Hyundai Sonata - $199/month, 36 months, $2400 down

Honda Accord LX - $199/month, 36 months, $1800 down

Hyundai Elantra Touring - $199/month, 36 months, $2000 down

Suzuki Grand Vitara MT - $199/month, 48 months, $2575 down

Jeep Patriot Latitude 4x2 - $199/month, 39 months, $2300 down

Fiat 500 POP - $199/month, 42 months, $0 down

Ford Focus - $199/month, 24 months, $1869 down

Chrysler 200 Sedan - $199/month, 39 months, $2800 down

Subaru Legacy - $199/month, 42 months, $1800 down

Volkswagen Golf - $199/month, 36 months, $1800 down
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#7
Quote from GiveMeDeals View Post :
Here is a list of May lease deals under $200 and their approximate down payments. Outside of the SmartCar, there is nothing for $100.


SmartCar Pure Coupe - $99/month, 36 months, $999 down

SmartCar Passion Coupe - $139/month, 36 months, $999 down

Suzuki SX4 Sedan - $149/month, 36 months, $3621 down

Kia Rio LX - $159/month, 36 months, $1840 down

Chevrolet Cruze - $159/month, 24 months, $1430 down

Volkswagen Jetta S - $159/month, 36 months, $1840 down

Kia Soul - $169/month, 36 months, $1830 down

Kia Forte LX - $169/month, 36 months, $1830 down

Hyundai Accent - $169/month, 36 months, $1530 down

Scion iQ - $169/month, 36 months, $1830 down

Ford Fiesta - $169/month, 24 months, $1660 down

Honda Civic Sedan - $169/month, 36 months, $1800 down

Subaru Impreza - $169/month, 42 months, $1800 down

Suzuki SX4 Crossover - $179/month, 36 months, $3082 down

Nissan Sentra - $179/month, 39 months, $1820 down

Hyundai Elantra - $179/month, 36 months, $1820 down

Hyundai Veloster - $179/month, 36 months, $1820

Ford Fusion - $179/month, 24 months, $2165 down

Nissan Altima 2.5S - $179/month, 24 months, $2820 down

Kia Forte Koup EX - $179/month, 36 months, $1820 down

Chevrolet Malibu - $179/month, 24 months, $1380 down

Scion xD - $179/month, 36 months, $1820 down

Scion xB - $189/month, 36 months, $1810 down

Ford Escape - $189/month, 24 months, $2440 down

Suzuki Kizashi - $189/month, 36 months, $2414 down

Mitsubishi Lancer ES - $189/month, 24 months, $2199 down

Kia Optima LX - $189/month, 36 months, $2310 down

Mazda3 4-Door - $195/month, 36 months, $1770 down

Mitsubishi Lancer Sportback ES - $196/month, 24 months, $2199 down

SmartCar Passion Cabriolet - $199/month, 36 months, $999 down

Hyundai Sonata - $199/month, 36 months, $2400 down

Honda Accord LX - $199/month, 36 months, $1800 down

Hyundai Elantra Touring - $199/month, 36 months, $2000 down

Suzuki Grand Vitara MT - $199/month, 48 months, $2575 down

Jeep Patriot Latitude 4x2 - $199/month, 39 months, $2300 down

Fiat 500 POP - $199/month, 42 months, $0 down

Ford Focus - $199/month, 24 months, $1869 down

Chrysler 200 Sedan - $199/month, 39 months, $2800 down

Subaru Legacy - $199/month, 42 months, $1800 down

Volkswagen Golf - $199/month, 36 months, $1800 down




=================================

Another advertised under $100 deal:
http://sfbay.craigslist.org/sby/c...05766.html

Agreed that the down payment total comes to a huge amount. With Bargaining I am sure, I can bring that down reasonably, while increasing my monthly payment by another $20- $30.

Anyways, I still welcome who can give me more information which can really turn into a deal for me.
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#8
/facepalm

Don't look at the monthly payment first! You can lease ANY new car on the planet for $99/mo with a big enough 'down payment'. All that is is a cap reduction fee - meaning that every $36 of money you give them up front reduces the monthly lease cost by $1.

That was a great list that GiveMeDeals posted above, but you have to be careful with that since it's out of order. It's arbitrarily listing a monthly lease cost that has nothing to do with the total cost of the lease.

Here are the cars in order of the TOTAL LEASE COST (sorry about formatting - copy & paste into excel to play with the numbers):

NameMonthlyMonthsDownTotal LeaseReal monthly
SmartCarPureCoupe99369994563.00126.75
ChevroletCruze1592414305246.00218.58
ChevroletMalibu1792413805676.00236.50
FordFiesta1692416605716.00238.17
SmartCarPassionCoupe139369996003.00166.75
FordFusion1792421656461.00269.21
FordFocus1992418696645.00276.88
MitsubishiLancerES1892421996735.00280.63
MitsubishiLancerSportbackES1962421996903.00287.63
FordEscape1892424406976.00290.67
NissanAltima2.5S1792428207116.00296.50
KiaRioLX1593618407564.00210.11
VolkswagenJettaS1593618407564.00210.11
HyundaiAccent1693615307614.00211.50
HondaCivicSedan1693618007884.00219.00
KiaForteLX1693618307914.00219.83
KiaSoul1693618307914.00219.83
ScioniQ1693618307914.00219.83
SmartCarPassionCabriolet199369998163.00226.75
HyundaiElantra1793618208264.00229.56
HyundaiVeloster1793618208264.00229.56
KiaForteKoupEX1793618208264.00229.56
ScionxD1793618208264.00229.56
Fiat500POP1994208358.00199.00
ScionxB1893618108614.00239.28
Mazda34-Door1953617708790.00244.17
NissanSentra1793918208801.00225.67
SubaruImpreza1694218008898.00211.86
HondaAccordLX1993618008964.00249.00
VolkswagenGolf1993618008964.00249.00
SuzukiSX4Sedan1493636218985.00249.58
KiaOptimaLX1893623109114.00253.17
HyundaiElantraTouring1993620009164.00254.56
SuzukiKizashi1893624149218.00256.06
SuzukiSX4Crossover1793630829526.00264.61
HyundaiSonata1993624009564.00265.67
JeepPatriotLatitude4x219939230010061.00257.97
SubaruLegacy19942180010158.00241.86
Chrysler200Sedan19939280010561.00270.79
SuzukiGrandVitaraMT19948257512127.00252.65

Hm - also VERY interesting to note that 6 of the 10 cheapest are US models, and only 2 are Japanese. Hm.
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#9
Quote from Naveend View Post :
=================================

Another advertised under $100 deal:
http://sfbay.craigslist.org/sby/c...05766.html

Agreed that the down payment total comes to a huge amount. With Bargaining I am sure, I can bring that down reasonably, while increasing my monthly payment by another $20- $30.

Anyways, I still welcome who can give me more information which can really turn into a deal for me.
You are seriously misunderstanding economics, maybe you should just buy yourself a $6,000-$8,000 car, drive it for 3 years, and sell it for the $5,000-$6,000 that it will be worth by then. That link you posted asks for OVER FIVE THOUSAND dollars up front, and it's also only a 24 month lease! As Jeff says, you can pay less than $100/month for any car if you put up a large enough down payment, and it gets even cheaper if you shorten the lease time, because the dealership then has a that-much-newer car to sell at the end of your lease. Heck, I could go put a $250,000 down payment on a Lamborghini and get a $100/month payment for 12 months, but look at the big picture. You aren't going to get any cheaper than what we've posted, wake up and smell the coffee. Go buy yourself a $4 calculator from an office supply store. If you were to pay $30 per month extra on a 36 month lease, that comes out to $1,080 extra that you're paying them. In fact, again, to keep us grounded in reality, let's go to that Nissan Versa lease calculator that I linked above.

I enter in a "great" credit score (700-739) which is being generous, choose lease, enter zip 94109 which is in your area, and am choosing a Versa Sedan, trim 1.6 S CVT which is the lowest end. 36 month, with 12k miles per year, and let's say that you pay the $1,000 at signing. You're now paying $213 a month. Now, if you take away that $1,000 initial down payment, the price goes up to $245 which means that you're paying an extra $32 per month. There's no way you're going to get them to agree to waive a $4,000+ down payment for anything but a largely increased monthly payment. There's no getting around the math. Nissan has teams of college-educated accountants making sure that they don't lose money on a deal. Every time you propose some kind of deal to them, you can be sure that they're going to turn to the calculators, and there's a certain profit margin that they won't cross. Instead of pipe dreaming, you might as well pick up a calculator as well and stay one step ahead of them, knowing what they will propose.
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#10
Check out Toyota Corolla - In my area MD/DC/VA; I have seen few adds - no money down - $99 month lease..
http://www.jimcolemantoyota.com/newspecials.htm
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#11
Quote from tolgac View Post :
Check out Toyota Corolla - In my area MD/DC/VA; I have seen few adds - no money down - $99 month lease..
http://www.jimcolemantoyota.com/newspecials.htm
There are a few hidden fees and requirements:

36 month lease from TMS for Tier 1+ customers, no money down, plus tax, $200 doc fee, $650 TFS Acquisition Fee plus first payment due at signing. Customers must reside within 50 miles of dealership. Limited to first 15 customers.
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#12
OK, I take it. I dont think I will get what I want. I will have to settle with something like no money down and upto $200 per month for 36 months.
Since this is for my business use, may be I should look at this as expense and that is something that may work.
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