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6 answers

price of the car has less to do with lease payment than people think, cheap cars which lose value quickly have bad lease payments... you could lease a kia or hyundia for more money than you could a Honda Accord, why? because the Accord has a better residua value which sets how much you actually pay in a lease.

Accord has a lease for $199 right now, best one around

2007-01-07 05:50:15 · answer #1 · answered by kpotter47 3 · 0 0

All cars have lower monthly payments when you lease, but I would not recommend anybody to lease a car, there are so many hidden charges: 1st there is an acquisition fee ranging anywhere from 300 to 1000, this is the fee they charge you for being there customer!! , And then there is mileage they give you set amt of miles and then you pay anywhere form .07 to 1.00 per miles lots of people let there lease car set for the last half of there lease term because they are out of miles and a taxi would be cheaper! oh but you still get that pleasure of making that monthly payment. Now if you turn that car in before the end of the term, there is an early termination fee, plus they pro rate the miles, but if you let your lease term expire, then you only have to pay the termination fee which can be from $300 to $1000, this is a fee that they charge you because you are no longer there customer. Also when you turn this car in they are going to go over it with a fine tooth comb, if the car is not in mint condition when you turn it in, you are going to get charged for it. Expect to pay another 1000.00 easily. Now lets talk about interest rates on a lease car, there hidden, they have something called the money factor, if you take this rate and mulp it by 24 you get your interest rate. But wait they charge you interest twice on a lease car, first time they charge for the whole value of the car (not fair because you are turning the car back in and you do not consume the whole car) then they turn around and charge you interest on the part you consume (depreciated value) how kind of them. If you are going to lease lets not forget the down payment this can be a couple of thousand. They also can charge a deposit, (they do this to make sure they get some of there back end money upfront). One last thing if you look at your interest rate it is higher then normal for your credit sustains, that why they hide it. A person with tier 1 credit which is the best credit will typical pay about 7% to 9% interest, when they could purchase a car for 0 to 3%, I forgot to tell ya the car dealership get a kickback on your interest rate anywhere for 1% to 5% of your interest rate, it called dealer reserve. If you still are going to lease a car, first question you should ask the dealership about the lease is what is your money factor, whip out your calculator mult it by 24 Example
Mf (money factor). 365 x 24 = 8.76% interest rate to get the interest rate down sub 2 to 3 points then divide by 24
8.76-3=5.76/ 24 = .240 mf if he tell you that he can not drop the mf because it is set by the bank, tell him he is going to have to lower his dealer reserve to get the mf in line, at least you will impress him.

2007-01-07 03:50:43 · answer #2 · answered by MYRAJEAN 4 · 0 0

Most cars under $14k can be leased for under $100/month. Even used cars can be leased cheaply.

2007-01-07 06:46:22 · answer #3 · answered by Anonymous · 0 0

Ford Ranger Sport 2 wheel drive. Really cheap

2007-01-07 02:52:28 · answer #4 · answered by Anonymous · 0 0

kia there only like 8900 new prob like 150-200 per month

2007-01-07 02:51:34 · answer #5 · answered by peterosefan1414 3 · 0 0

either the kia or the hundia(sorry for bad spelling)

2007-01-07 04:24:45 · answer #6 · answered by rkitect93 2 · 0 0

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