Help! I'm trying to lease a frs/brz!

[JoeC]

Originally Posted by ZionsWrath

Downpayment has very little to do with monthly payment.

what do you mean by this?

Down payment has everything to do with monthly payment. I think it's considered inversely proportional. You yourself stated that by bringing your down payment up to the purchase price of the car, you reduced your monthly payment to 0.

[solo]

Originally Posted by Kuarian

yea, i would probably go lease to buy.. I'm still looking into used ones. do they do leased used cars too? i'm kind of a noob at this

It's pretty hard to get a used car lease, heres why. Most dealers just don't offer them. When you lease a car, the payments are decided largely between 2 main factors. The capitalized cost, and the residual value of the vehicle. Capitalized cost is what you and the dealer agree that the car is worth, and the residual value is the stated/projected value the car will be worth at the end of the term.

With a new car, these are both wildly different, as it "loses value" the moment it becomes used, among other factors. With a used car, the capitalized cost and residual value are likely to be so close there's no money to be made.

Definitely do some research(google) on the benefits of leasing vs buying. With what you've said so far, if you can swing it, by saving up a little longer, buying instead of leasing may end up being a much more lucrative idea for you(financially) in the long run.

[formulagt]

Rather than get into your business of whether or not you can afford the car and what you "should" or "shouldn't" do, I can just give you information:

I just leased my 10 series for 0 down and $289 a month including tax. That includes 2K off MSRP and 2K Scion Cash. If you need to shave another $40 you can do that by putting ~1500 down. 12k miles a year. 36 months.

GL.

[solo]

Originally Posted by formulagt

I just leased my 10 series for 0 down and $289 a month including tax. That includes 2K off MSRP and 2K Scion Cash. If you need to shave another $40 you can do that by putting ~1500 down. 12k miles a year. 36 months.

GL.

Wow....Well done.

Pretty jealous, I work at a dealership and can't even swing that for myself!

[ZionsWrath]

Originally Posted by JoeC

what do you mean by this?

Down payment has everything to do with monthly payment. I think it's considered inversely proportional. You yourself stated that by bringing your down payment up to the purchase price of the car, you reduced your monthly payment to 0.

Yea I worded that poorly. I was trying to say it is important to consider all factors not just the down payment. Dealers like you to tunnel vision.

[mattbenich]

It was about $500-$550 a month with $2k down when I bought mine...


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