[aznatama]

You always negotiate the lowest price BEFORE even mentioning the word lease. Do all negotiation over email, tell them you haven't decided, but looking at purchase. Dealers try to jack up price on leases since lower monthly payment overall, and most people don't know you can negotiate the selling price on a lease.

- Leasing is horrible for non-high priced luxury cars... I would read heavily on this before deciding to lease or not
- Residual is based on MSRP, to the lower your negotiated price is, the lower you pay overall for the lease.
- Essentially, the Bank buys the car from the dealership, then leases the car to you based on their calculated depreciation and profit margins. They base this off MSRP.
- Money factor x 2400 = approx "interest rate" on the lease. There is no interest on a lease, only money factor
- Bank may require GAP insurance to cover the remaining value vs actual value, which will make your insurance go up

350/mo payment is about what you'd pay for a purchase on a 60mo finance and ~5-8k down. This is a cheap car, if you need to lease to afford the monthly, it's probably out of your budget. Just sayin...