Budgeting For Leases
2:14
YouTubeDeshone The Auto Advisor
Budgeting For Leases
To know if a lease is a good deal, use the 1.5% rule: divide the monthly payment by the car's total MSRP. If the result is 1%, it's a steal; 1.25% is great; 1.5% is your absolute max. Get at least 5 offers—if they're all over 1.5%, the car has a bad lease program from the manufacturer. Pick a different vehicle. #moneyfactor #residualvalue # ...
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Lease Agreement
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Can you negotiate the money factor on a lease?Depending on the leasing company, lender, or dealership you work with, you may be able to negotiate a lower money factor. However, this figure is less negotiable than others based on its dependence on your credit score. If you have a lower credit score, you'll likely pay a higher money factor regardless. #carbuyingtips #leases #lease #carbuyingadvice #carbuyer #carbuyingmadeeasy #dealership #
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