All great points!

Most brands will give you rate reduction on your money factor if you do a one time lease. Also the likely hood of one crashing there car in the duration of their lease isn EXTREMELY low

@@JxSancheZx510Mex I live in Florida i don’t trust the drivers down here. Been here 5 years and my wife already had her car totaled once by someone running a red light.

Good advise. Much appreciated. Can I just add that for a car huy im surprised you mispronounce Hyundai. Its not HON-DIE...its HUN-DAY. Just had to mention it as it gets my feathers in a frenzy when someone especially car guys mispronounce my car. Lol. Hope you dont mind me sayin

I just want to say Hyundai is pronounced HUN-DAY not pronounced HON-DIE

My only caveat to that is when i traded my previous lease and made about 3500$,i used it to lower payment but it wasn’t like i wrote a check,personal preference maybe or just an way of thinking?,but i would never write a check,roll everything in

​@@andrewshenton6541when you say you made 3500 is this because the vehicle appreciated? My 2020 lease is up in Nov and I've been wondering if they'd give me more than just the loyalty discount to encourage me to sign a new lease instead of buying it out?

Why?

Haha 😂

There’s a reason they’re the only ones having profitable EVs

Will Teslas have a good residual value? If so leases will be high on a monthly basis for them. If not then Tesla is robbing consumers blind.

This is true

Lets go!!

Welcome!

Wrong and you can negotiate to tier 1

N line not n and plus for what shit n liine

The cap cost is the negotiated price. Adjusted cap cost is after rebates and incentives.

if you need a cosinger you shouldn't be buying a car

@@darrylp6938definitely understand your point but he’s not “buying” a car. He’s leasing a car. Why is he comfortable paying $700 a month for a lease that’s not a good deal. Leases tend to be cheaper than financing on a monthly basis $700 per month isn’t cheap. Shop around at other Acura dealerships to see if you can get a cheaper monthly payment for that lease and particular vehicle.

@@darrylp6938shut it

Got it though a broker

Check out the Nissan Ariya

Just becareful with your miles.. Most advertised leases are 10k a year, but you can get 12k or 15k but will cost more usually.

Probably not. Specialty cars like that are tough since there is a high demand.

Go though a broker for the best deal and to avoid the headache.

When you lease you negotiate the price exactly as you do with a purchase. To a dealer a lease is a sale. A sale to the leasing company at the price you negotiate. If you don't negotiate the price you will always make a bad lease. The price you negotiate should then be reduced by any lease incentive offered by the manufacturer. That incentive is between you and the leasing company (the manufacturer). Do not let the dealer steal those incentives. Also, make sure you review the money factor. Make sure the dealer is using the correct money factor. The money factor is essentially the interest rate divided by 2,400. So an interest rate of 5.0 percent is a money factor of .002083 (5%/2400). With good credit a down payment on a lease is not usually required. Dealers like to imply a down payment is required, even if you have good credit, as a down payment reduces the monthly lease payment. Residual value is the third number in a lease and it is not negotiable as it is set by the manufacturer and not the dealer. There is nothing magical about a lease payment. Knowing how a lease payment is computed is the best method to ensure the dealer does not fool you. The math is simple: Part 1 - (capitalized cost - residual value)/months of the lease. Part 2 (capitalized cost + residual value) x money factor. Add the two resulting numbers to get the lease payment.

@@jerrylundegaard2592 Thanks for this. When I'm figuring out the cap cost, do I subtract the manufacturer rebates and dealer discounts from the MSRP? For example, if the care is listed at 49k and the rebates are 15k and discounts are 1500, would I then use 32,500 as my cap cost? Or is it not as simple as that?

@@stevegoldberg327 Yes it is that simple. The cap cost is the price you negotiate, including those fake dealer fees, less any manufacturing incentives for the lease. If you make a down payment (not recommended on a lease) the down payment further reduces the cap cost. You may also include sales tax (if applicable), registration and the acquisition fee (a leasing company fee not a dealer fee) provided the lender (the leasing company) approves the lease.

For a 2-3 year lease maintenance is rarely an issue

under full warranty on a 3 year lease so no issues.