Is this a good deal?

[ROC4EV]

Hello. I am looking to lease my first Leaf and have one offer fully detailed so far. The second dealer I am in contact with gave me initial details, but not everything yet. Do either of these look like a good deal? Thanks in advance!


2014 Leaf SV with Quick Charge / LED Package
36 month lease - 12,000 miles / year
$0 down payment
$363.50 / month

MSRP: $33,224.00
Cap Cost: $33,981.50
Max Adj. Cap cost: $27,410.86
Doc Fee: $75.00
Acquisition Fee: $595.00
Sales Tax: $ 1,729.36
Residual: $14,136.80
Money Factor: .00003
Total Lease Payments: 36
Lease end (disposition) purchase transfer fee: $395.00


Second dealer...different options
36 month Lease with 12,000 miles / year

2014 Leaf SV with Quick Charge / LED Package, Floor/cargo mats, and Premium around view monitor / Bose audio package

MSRP $35,850
Selling price: $34,287.00 before rebates
All taxes, DMV fees, etc included

$2,000 total out of pocket - monthly payment is $365
$3,000 total out of pocket - monthly payment is $337
$4,000 total out of pocket - monthly payment is $308
RESIDUAL: $14,968.50


Thanks again!

 

[lstefani]

Where do you live

 

[ROC4EV]

I am in Rochester, NY

Thanks.

 

[LeftieBiker]

Pay as little up front as possible, because you will likely lose any down payment if the car is wrecked.

 

[ROC4EV]

Hello. I am looking to lease my first Leaf and have one offer fully detailed so far. The second dealer I am in contact with gave me initial details, but not everything yet. Do either of these look like a good deal? Thanks in advance!


2014 Leaf SV with Quick Charge / LED Package
36 month lease - 12,000 miles / year
$0 down payment
$363.50 / month

MSRP: $33,224.00
Cap Cost: $33,981.50
Max Adj. Cap cost: $27,410.86
Doc Fee: $75.00
Acquisition Fee: $595.00
Sales Tax: $ 1,729.36
Residual: $14,136.80
Money Factor: .00003
Total Lease Payments: 36
Lease end (disposition) purchase transfer fee: $395.00


Second dealer...different options
36 month Lease with 12,000 miles / year

2014 Leaf SV with Quick Charge / LED Package, Floor/cargo mats, and Premium around view monitor / Bose audio package

MSRP $35,850
Selling price: $34,287.00 before rebates
All taxes, DMV fees, etc included

$2,000 total out of pocket - monthly payment is $365
$3,000 total out of pocket - monthly payment is $337
$4,000 total out of pocket - monthly payment is $308
RESIDUAL: $14,968.50


Thanks again!

Here are the full details from the second lease deal:


2014 Leaf SV with Quick Charge / LED Package, Floor/cargo mats, splash guards and Premium around view monitor / Bose audio package
36 month Lease - 12,000 miles / year
$364.96 / month

Cap Cost---Initial ($37,716.71)
Max Adj. Cap cost---- ($26,879.17)
Doc Fee ----- ($97.50)
Acquisition Fee ---- ($595)
Sales Tax ---- ($1,834.71) at 8%
Residual ---- ($14,698.50)
Money Factor---(0.00064)
Total Lease Payments $364.96 x36 =$13,138.56
Lease end (disposition) purchase transfer fee--- $300


Even though money factor is higher, is this still a good deal?


Thanks.

 

[LeftieBiker]

The Money Factor isn't nearly as helpful as some would have you believe. I suggest you pick the package you like most, and compare the total amount paid over the life of the lease, not the MF. If you don't plan on buying the car off lease, this is especially true.