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  1. #8
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    Staff Team 173 Rep Points MurlinatoR's Avatar
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    Quote Originally Posted by ghedoicy View Post
    It's a bit tricky if you are trying to finance the whole thing... The simple break down is this...

    You lease it for your negotiated price less any current lease incentives. Lets say for the sake of simple math you end up with a monthly lease payment of $600. You'll most likely pay your first month upfront plus any fees. You'll also know what the purchase price of the car is going to be when the lease is up. Let's again make up a number of $25k.

    The above leaves you with 35 monthly payments of $600 to satisfy the lease. That would be $21,000 including the tax and interest. If you made that payment on day 1 you would save all the interest on it... Something close to $2200. It's hard for me to get exact as it is calculated based on an amortization. I'm using 5% since that's about what the MF is on a RWD GT2.

    You then can turn in the keys in 35 months or choose to buy it now. The hard part is explaining this to a bank in the case you are trying to finance it all. Most people who do a one pay lease are paying cash. You have to be able to finance the $18,800 plus the $25k to buy the vehicle at lease end. So a total loan of $43,800 in my example.

    You keep the current lease incentive plus save on the interest.

    Make sense?

    -Matt
    It is important for you to know that if you simply pay the total of your lease payments, you will pay the interest. That is fulfilling the lease contract and the lease contract has interest built into it.

    If you want to avoid interest, you have to buy the lease out completely as soon as possible. Every payment you make is monthly interest you lose.

    Sent from my SM-G930R4 using Tapatalk

  2. #9
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    Apparently KMF has a buyout number they will give you that does not require "two" loans.

    -Matt

  3. #10
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    Hello all
    My first post, here we go. I'm looking at a 2018 base 2.0 stinger micro blue and black with drive wise and was offered 20% off msrp, "We can get you a Base AWD blue with black interior. MSRP $37,000 Selling price $29,600 plus tax, title, license." I think they are saying lease / ballon. Is this a good deal

  4. #11
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    It's a decent deal.

  5. #12
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    Thanks MurlinatoR what could I do better.

  6. #13
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    Quote Originally Posted by bb123 View Post
    Thanks MurlinatoR what could I do better.
    Go get it!!!!! LOL

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