@@stephancunningham3072 yes they price the lease payment based on the depreciation of the car. That's why cars that are far away in price have very similar monthly payments.
@@NNTorious you’re definitely right because the Charger Gt and the Hyundai Sonata Hybrid limited are both around 35k, and the monthly payments for the Charger is in the 500, and the sonata is in the 300, and I even simulated it by changing the down payment for the Charger and it’s still a lot
I've been leasing for years. Here's a quick way to do it and it's 95% accurate. Look at the msrp or sticker prices then deduct aprox 54 to 56% off of the sticker price. Then divide that over the number of months your leasing
So, im looking at a vw cross sport atlas. Msrp is 43 thousand. They have 500 off plus another 500 off for xyz reason,..so, its 42. I want to lease it for 36 months at 7500 miles per year. -and zero down, . Subtracting 56percent from 42 thousand is about 20 thousand. 20 thousand divided by 3 years is about 7 thousand. Thats around 500 bucks a month. Is this a good deal ?
@@tomasalvarez6040 ifnits zero down.. it's okay. The milage allowed is low.. it's more so on the expensive side.. if you don't plan on keeping the car. Post lease find something with a cheaper msrp like out the door 25k yiur payments should be 330 a month
I have been seeing lease hacker for maybe 2 years and this video really helps me understand it better. Especially the part of emailing dealers asking for this deal or better. thanks much.
The most important thing find out what money factor and residual percentage then the incentive normally most car has 1,000 to 5500 incentive, every thousand drop your payment by $30 on payment
Thank you for the clear explanation. Will you put the link to the future videos on "How to find #Residual_Value, #Money_Factor, and #Incentives data for a car lease" in the description section?
Wonderful video. I used a broker on my last car (2018 VW eGolf) and got $0 down , $1500 drive off with 3 yr 36mo. 12k per year . I think I’ll use your calculator this next time. I’ve got my sights on Tesla mod Y 2021 but waiting for Biden to announce the EV incentives . If he goes for the $7500 federal tax at POS, I’ll upgrade to the LR Mod Y. Otherwise I’m stuck with the standard, without any of the interior upgrades and about 160 real fwy miles . Keep up the wonderful videos
In 2016 I decided to lease a car to try it before buying. When the time came to return or buy, The leasing company was forcing me to go back to the dealer for an option to buy. Of course the dealer wanted $2k for this to happen. So I returned the car. Never purchased again from ANY dealer in Florida ever. Yet, many people can just send a check to leasing company (i.e. US Bank) and purchased the leased car from the leasing company. How can consumers make sure they can purchase the car they leased when their lease ends?
After studying all this calculator bs I am going to try and just do it. Honestly my last deal was crazy good. I know the market now is a sellers market and I can tell because I have less car dealers responding or chasing me the way they did previously. 3 years ago I was able to lease a brand new chevy trax 2020 with on $300 down and monthly $209 10k miles for 39 months. I traded in the old 2016 leased trax for the new trax. I really feel the trick is to go back and forth between dealers and tell them the other one offered you a better deal until you get what you want. I also think this time around is harder because chevy has no 2023 only a 2024 so there is shortage of the newest model.
Question for the community. Should I go to the dealership, ask for these numbers and come home to calculate to see if its a good deal? Or should i be asking all this in the email in advance?
Why is it, that there allowed to advertise low payments ($189 per month with $3000 down 36 month lease) $ when you get to the dealer it’s now $349 per month????
Great video..new to leasing so learning a lot. Can the taxes, government fees and others be included in the monthly lease payment? Advertisement of car dealership says "$$$ down is required " - what does this consist of?
Good day Michael, My name is Ronald, I'm a subscriber of your channel. Michael i'm planning to lease a 2025 Honda CR-V EXL AWD. can you kindly please Help me,show me how to do the calculator using Leasehackr. explain it. Thank you!
Would the federal government ev tax credit be considered a taxed incentive or untaxed with regards to leasing? Would I be correct to assume the by state rebate to be an untaxed incentive? I ask since I plan on Leasing the Audi Q5e which qualifies for both incentives and I would like 🤞🏻🤞🏻 to have these incentives added on top of a 10-15% off msrp. Any advice is greatly appreciated👍🏼👍🏼
this is awesome, im looking to lease the new acura tlx s model thats supposed to come out. i have no clue about car leasing do you think i would even be able to get a good deal since this car has been highly anticipated?
where did you only get 390 for government fees, the caifornia dmv calculator gives you total fees including total sales tax etc, on a lease, that makes it difficult to find out your out the door fees
The EV federal tax credit goes to the bank, not the lessee. However, the bank (generally, a captive auto lender) may choose to pass a portion, or all, of the tax credit to the lessee in the form of a rebate. Research the manufacturer lease incentives for a particular model, and add that to the "Taxed Incentives" field.
How are all these EV leases so cheap? No way their residuals are what they claim since no one is buying them. Are the manufacturers just pushing out a future loss for accounting purposes?
Look at that same camry after you return the lease. Its selling for about 75% of its original value on the dealership lot. Car companies intentionally list the residual value low like 53% to make you pay more per month in depreciation cost. Then you return it after the lease ends and the dealer sell it for around 75% of the original value. Scam
