I was at the Nissan Bowie dealership in Maryland and the were offering a $0 down $417/month 3 yr/36mo lease on a red 2014 Leaf SL with premium package. The MSRP is $37,240. This sounds extremely high to me from what I've been reading on the forums. This comes to $15,640 out of pocket.
What is the best strategy to understand this offer? Think they are quoting me the equivalent of a 21% interest rate? Should I run far away?
They are also offering a purchase price of $34,668. Which is higher than the "sale price" after the $3500 factory rebate on their web site. Is this an intelligence test? I was expecting something closer to $30K.
There is a motivation to delay this deal until June given that Maryland has raised their tax break on purchases from $1000 to $3000 starting July 1. I've got a test drive of an i3 this weekend. Maybe I shouldn't have told them I was also looking at the i3 . Thoughts?
What is the best strategy to understand this offer? Think they are quoting me the equivalent of a 21% interest rate? Should I run far away?
They are also offering a purchase price of $34,668. Which is higher than the "sale price" after the $3500 factory rebate on their web site. Is this an intelligence test? I was expecting something closer to $30K.
There is a motivation to delay this deal until June given that Maryland has raised their tax break on purchases from $1000 to $3000 starting July 1. I've got a test drive of an i3 this weekend. Maybe I shouldn't have told them I was also looking at the i3 . Thoughts?