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Your tax, tags, doc fee (bs fee), and first payment come in close to an additional $2000 $159*36=$5724 $5724+$1999 down+$2000 tax, fees, etc...=$9723 $9723/$21145=0.45 This is not a good deal. It is OK but not good, check previous posts for many lessees with lower values. I myself am at 0.40. The lower your power of money calculation the better. It tells you how much value your money gets you. If you other fees are less than the $2000 I approximated then the value will go down and be closer to a good deal, but somewhere the out of pocket or monthly payment needs to go down.
Still getting taken for a ride. Do you calculation: ((Mo. Payment*Months)+Out-of-pocket down payment)/MSRP=Power of Money Calculation Make sure you included all taxes, title, fees, etc in the calculation. You should be below 0.44 to be an OK lease; below 0.42 to be a good lease; and below 0.40 to be a great lease
It is OK, you are just above 0.44. Shoot for $250 to consider it a good deal.
Need your MSRP but at first glance it seems like an OK deal I am @ SE 2.0T 15K/year Wheel Locks Bumper Guard Trunk Tray All Weather Floor Mats First Years Oil Changes and Tire Rotations Free Rim and Tire Coverage Bumper to Bumper MSRP: $25,570 Downpayment: $0 Monthly Payment: $288.50 Power of Money Calculation: 0.406 (lower is better) To do your Power of Money Calculation Take your monthly payment ($309) multiply by the months (35) add your down payment ($2500) and divide by your MSRP $13315/MSRP=Power of Money Calculation -the lower the number the better Assuming your MSRP is right around $30,000.... $13315/$30,000=0.4438 if you MSRP is higher than $30K then you are doing better, if lower than $30K worse
OK here is the deal: $16,999 Sales price $1487.41 Sales tax (8.75%) $75 Documentation Fee $172.50 Plates and registration (new) $10 NY State Inspection $12.50 NY State Tire tax $18,756.41 Total
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