Quote:
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Originally Posted by M4lover
Quote:
Originally Posted by PhoenixWolf
Assuming you can get this deal it's better if you do the 7 MSDs. Here's the difference.
Vehicle Final Price: 126,535
Sale Tax: 7%
Down Payment:
Trade-in Value:
Amount Owned on Trade-in:
Interest rate (APR): 2.112% per year
Lease Term: 36 months
Residual Value: 91,705
You will pay:
7 MSDs =$9,100.00 (refundable at end of lease)
Sales Tax at Signing: 0.00
Lease Price: 126,535.00
Monthly Depreciation Fee: 967.50
Monthly Lease Fee: 192.05
Monthly Payment (no tax): 1,159.55
Monthly Tax: 81.17
Total Monthly Payment: 1,240.72
Savings at end of lease due to MSDs =$4,119.12
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Are there any reasons what so ever, that they would NOT give me my money back?
I am reluctant to do it... what happens if the car comes back with a scratch. Do they hold my money till I pay? |
Even if you total your car, you get the MSDs back. This is the great advantage over putting money down. You never want to put money down on a lease because if you drive off the lot and total you car after putting say $5,000 down on a lease, your insurance company will help you to get back into another car, but in order to get the same monthly payment you have to put another $5,000 down. Which is the dumbest thing in the leasing laws to me. So financially its too vulnerable for me to do it. Of course you have to have excellent credit or you will have to put money down, but with MSDs it's kinda like a high interest savings plan. Where else can you get that much in return for $9k???