What would you guys define as a "Good" deal on an 04 1.8T (lease).
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01-20-2004, 01:56 PM
#8
You asked a stupid question and got a lot of stupid answers......
You have to pay attention to 3 things with a lease, the rest of it doesn't matter.
1) sales price (this is what you can haggle them down to)
2) money factor (this is the interest in essence you will pay, this can be adjusted by the dealer to make extra profit on the back end of the deal)
3) residual value (this is the percentage of the MSRP that the bank think the car will worth at the end of the lease term, this number is publised to the dealers and cannot be changed by the dealer, but it will change from month to month)
So you can't ask what others consider a good lease deal as they bought their cars at a different time with different promotions, sales prices, money factors and residual values.
Once you are serious, set your sale price with your dealer, get their residual and money factor figures and I can tell you if they jive with the current promotion or they are ripping you off on the back end.
Now go and talk to your dealer and quit wasting my time :-)
1) sales price (this is what you can haggle them down to)
2) money factor (this is the interest in essence you will pay, this can be adjusted by the dealer to make extra profit on the back end of the deal)
3) residual value (this is the percentage of the MSRP that the bank think the car will worth at the end of the lease term, this number is publised to the dealers and cannot be changed by the dealer, but it will change from month to month)
So you can't ask what others consider a good lease deal as they bought their cars at a different time with different promotions, sales prices, money factors and residual values.
Once you are serious, set your sale price with your dealer, get their residual and money factor figures and I can tell you if they jive with the current promotion or they are ripping you off on the back end.
Now go and talk to your dealer and quit wasting my time :-)