Is this a good lease price?

[chupacindahouse]

hey guys, im new here to the forums... been thinking about getting a BRZ for a while now. I just got quoted from a socal dealership... $2,500 down and $300/mo including taxes. 3 year lease. 12k mi/year. this quote was done with some negotiating.. so i'm not even sure if i could go lower.

2014 brz limited AT.

thanks for your thoughts!

[Brinks]

Buy used, your payment will be about the same and you will still have the factory warranty.

[grinerizer]

Originally Posted by Brinks

Buy used, your payment will be about the same and you will still have the factory warranty.

Or, if unmolested, it'll be a CPO car with a 7 year 100k warranty.

Also, that monthly figure is cheaper than the national advertised lease for a premium, and you're getting the better optioned vehicle. If leasing is your way to go, the numbers seem to work out well in your favor!

[Kimsey47]

If you can stay in the mileage it's not bad... Just take a good hard look before jumping on it if this is what you can do!

[Churnobyl]

Without the residual and money factor its tough to work out whether that deal is a "good price"

[illicitstylz]

post your financials so we can do a proper financial evaluation/analysis

job title
annual income
deductions
mortgate/rent?
lifestyle spending?
bills/other overhead expenses?

notsrs




















semisrs

[woode]

I'll never understand leasing..

You're going to spend $13k over 3 years, and at the end have nothing to show for it.

If you bought a certified used for ~$20k, as long as you get at least $7k (highly doubt it will depreciate that amount) for it when you trade it in after 3 years - you are still making out better than leasing.

[dubbrand]

Originally Posted by woode

I'll never understand leasing..

You're going to spend $13k over 3 years, and at the end have nothing to show for it.

If you bought a certified used for ~$20k, as long as you get at least $7k (highly doubt it will depreciate that amount) for it when you trade it in after 3 years - you are still making out better than leasing.

You can buy the car at the end of the lease and negotiate that price before you lease it. So at the end of your lease you're buying a "used" car and paying taxes and fees on a used car vs new which is much cheaper.

Have you ever rented an apartment or house or do you just buy a home whenever you move?

[DKaska]

14 BRZs prices are down a bit here plus there doing 0% interest for 72 months. They may negotiate a little too, they want the 2014s gone and they have a lot.

[woode]

Originally Posted by dubbrand

You can buy the car at the end of the lease and negotiate that price before you lease it. So at the end of your lease you're buying a "used" car and paying taxes and fees on a used car vs new which is much cheaper.

Have you ever rented an apartment or house or do you just buy a home whenever you move?

Selling a home is quite a bit harder to do on a whim so not quite comparable, but I see what you are getting at and yes, I feel renting a home is a waste of money as well - but it's the only option sometimes for short term. Rent for $2k/mo for a couple years vs buying a house you could take a hit in the tens of thousands of dollars and still be better off than having rented. If I could have, I would have bought every time.

I still maintain that buying a certified pre owned (used) is a much better move financially. There are constantly people trading in cars with only a couple thousand miles on them because they can't afford them or decided they don't like the car. Even buying new leftover previous model year cars can be cheaper than leasing..

[Poodles]

Originally Posted by dubbrand

You can buy the car at the end of the lease and negotiate that price before you lease it. So at the end of your lease you're buying a "used" car and paying taxes and fees on a used car vs new which is much cheaper.

Have you ever rented an apartment or house or do you just buy a home whenever you move?

Yes, you can buy the car at the end of the lease, but you're still paying far more money than you would have just buying it.


For a car with such a huge aftermarket and made with modding in mind, a lease just didn't make sense to me. Plus, I keep my cars for long periods of time and only get rid of them when they become unreliable.

[GeoBRZ]

chupacindahouse - it kind of sounds like a decent deal.

I know what these other guys are saying about buying used and all the other crap, however guys you know some people just prefer to lease. I have leased a few vehicles and you know its nice, I never wanted to buy the car, I never wanted to modify the car, I just wanted to drive it for 3 years and then be able to hand the keys over and not have to think oh gee am I upside down, do I have to try and sell this now? I walked in handed the keys over and walked out, so I get the appeal, leasing is just for some people. I would do it again depending on the car, I bought the BRZ because I will mod it and keep it as a second car.

[chupacindahouse]

hmm.. thanks everyone for all the feedback! yea... i kinda like the ease of just returning the car with no questions asked at the end of the lease. i will take all your comments into consideration. i really appreciate it, everyone!

[aznatama]

Taxes are factored into the lease payment, so you're only taxed on the part of the lease you pay for. However, leases have a LOT more restrictions and limit you on what you can do to the car and mileage you can drive. Overall, with a lease, you pay a premium for convenience. If you're willing to pay that premium, then sure, lease it. Same thing as buying new vs used.


The main thing we need to know is Money factor (dealer may quote you "interest rate" or "apr" which is just the money factor * 2400), residual, and lease length and mileage.

Keep in mind that you negotiate the cost of the car FIRST. NEVER mention leasing or buying, even though they ask you. Lease is done through the BANK, not the dealer, so the dealer will have more leverage to try to talk you into a higher selling price if they hear "lease" up front.

Take a look at this calculator. http://vehicles.automobilemag.com/am...0/leasing.html