dasari4kntr Posted January 24, 2024 Report Posted January 24, 2024 if you are going for leasing….any brand any trim…how much your ok with monthly payment like 500$-1000$…? another question…one dealer told me people dont lease hybrid cars…whats the math behind it…? Quote
Aquaman Posted January 24, 2024 Report Posted January 24, 2024 monthly payments are totally based on your comfort level and situation Why are you planning to lease instead of buying? planning to get new car every few years? Quote
dasari4kntr Posted January 24, 2024 Author Report Posted January 24, 2024 general scenario…maatladukundam.. note: all are estimates… car value: 60k-65k lease per month : 700$-900$ finance per month: 1000$ - 1300$ all luxury cars will have residual value above 55%-60%..(approximately) all auto financing rates are high right now…(6%-9%) case 1: lease option pros: - lesser monthly payments (depends on negotiations) - no sale tax (around 4k-5k) cons: - your just renting…but you are not owner - restrictions case 2: finance pros: - you are owner - no restrictions cons: - heavy monthly payments - after warranty period you have to pay for repairs if any… conclusions: - lets assume you are taking lease…for 3 years your payment is around 30k…that payment is just gone…you dont own car…but that car residual value is around 60% …so you paid only depreciation cost…but walk away nothing after 3 years… - lets assume you are taking financing….in financing you pay the interest first…that means with the higher interest rates..you are just paying interest more for first 3 years..in case if you want yo sell the vehicle after 3 years (before financing term over) your car value is less (as per residual value) but your principal is more… Quote
dasari4kntr Posted January 24, 2024 Author Report Posted January 24, 2024 6 minutes ago, Aquaman said: monthly payments are totally based on your comfort level and situation Why are you planning to lease instead of buying? planning to get new car every few years? Just now, dasari4kntr said: general scenario…maatladukundam.. note: all are estimates… car value: 60k-65k lease per month : 700$-900$ finance per month: 1000$ - 1300$ all luxury cars will have residual value above 55%-60%..(approximately) all auto financing rates are high right now…(6%-9%) case 1: lease option pros: - lesser monthly payments (depends on negotiations) - no sale tax (around 4k-5k) cons: - your just renting…but you are not owner - restrictions case 2: finance pros: - you are owner - no restrictions cons: - heavy monthly payments - after warranty period you have to pay for repairs if any… conclusions: - lets assume you are taking lease…for 3 years your payment is around 30k…that payment is just gone…you dont own car…but that car residual value is around 60% …so you paid only depreciation cost…but walk away nothing after 3 years… - lets assume you are taking financing….in financing you pay the interest first…that means with the higher interest rates..you are just paying interest more for first 3 years..in case if you want yo sell the vehicle after 3 years (before financing term over) your call value is less (as per residual value) but your principal is more… Quote
Android_Halwa Posted January 24, 2024 Report Posted January 24, 2024 28 minutes ago, dasari4kntr said: if you are going for leasing….any brand any trim…how much your ok with monthly payment like 500$-1000$…? another question…one dealer told me people dont lease hybrid cars…whats the math behind it…? Hybrid cars ki residual value jara ekuva vuntadi and monthly payment kuda ekuva vuntadi….usually dealers evadu lease mida taggincharu…hybrid lease numbers don’t work well and more over gas savings are negligible. Hybrid kondam ani oka 3 months tirigi tirigi finally settled for a leased gas car… 1 Quote
dasari4kntr Posted January 24, 2024 Author Report Posted January 24, 2024 Just now, Android_Halwa said: Hybrid cars ki residual value jara ekuva vuntadi and monthly payment kuda ekuva vuntadi….usually dealers evadu lease mida taggincharu…hybrid lease numbers don’t work well and more over gas savings are negligible. Hybrid kondam ani oka 3 months tirigi tirigi finally settled for a leased gas car… lexus test drive ki velthe…aa dealer ade cheppadu… nenu aa calculation konchem workout cheyyali… Quote
kevinUsa Posted January 24, 2024 Report Posted January 24, 2024 35 minutes ago, dasari4kntr said: if you are going for leasing….any brand any trim…how much your ok with monthly payment like 500$-1000$…? another question…one dealer told me people dont lease hybrid cars…whats the math behind it…? Anna,Chevy trax 300$ per month aypotundi for lease Quote
dasari4kntr Posted January 24, 2024 Author Report Posted January 24, 2024 1 minute ago, kevinUsa said: Anna,Chevy trax 300$ per month aypotundi for lease bro leasing option works well only for luxury cars…(they carry high residual value) for normal car finance is still best option… Quote
dasari4kntr Posted January 24, 2024 Author Report Posted January 24, 2024 still 0% apr vunte finance is still better…but now a days 0% apr is offering for only non salable cars… Quote
Vaaaampire Posted January 24, 2024 Report Posted January 24, 2024 33 minutes ago, dasari4kntr said: general scenario…maatladukundam.. note: all are estimates… car value: 60k-65k lease per month : 700$-900$ finance per month: 1000$ - 1300$ all luxury cars will have residual value above 55%-60%..(approximately) all auto financing rates are high right now…(6%-9%) case 1: lease option pros: - lesser monthly payments (depends on negotiations) - no sale tax (around 4k-5k) cons: - your just renting…but you are not owner - restrictions case 2: finance pros: - you are owner - no restrictions cons: - heavy monthly payments - after warranty period you have to pay for repairs if any… conclusions: - lets assume you are taking lease…for 3 years your payment is around 30k…that payment is just gone…you dont own car…but that car residual value is around 60% …so you paid only depreciation cost…but walk away nothing after 3 years… - lets assume you are taking financing….in financing you pay the interest first…that means with the higher interest rates..you are just paying interest more for first 3 years..in case if you want yo sell the vehicle after 3 years (before financing term over) your car value is less (as per residual value) but your principal is more… Lease ki sales tax undadhu. Kaani lease sign chesinappudu 3-5k ala payment untadi anukunta apart from monthly fee. also lease ki miles restriction untadi. there is no one size fits all solution. 2018/19 time frame lo nissan leaf $95 ki thisukunnaru Quote
dasari4kntr Posted January 24, 2024 Author Report Posted January 24, 2024 8 minutes ago, Vaaaampire said: Lease ki sales tax undadhu. Kaani lease sign chesinappudu 3-5k ala payment untadi anukunta apart from monthly fee. it depends on negotiations…. there 0 dollars down payment lease deals are there… but to negotiate that level…we need to know in and out of how lease works… Quote
Thokkalee Posted January 24, 2024 Report Posted January 24, 2024 1 hour ago, dasari4kntr said: @Thokkalee Anything over $400-$500 a month is not good for a car lease. That is 15-18K for 3 years.. your goal should be to find a car for less than $400 for 12k/15K miles all inclusive (taxes, down payment, etc)… it doesn’t matter what car brand it is.. the higher the cost of the car, the more profitable the deal is… Look at Jeep wrangler 4xe.. they cost more than 60K and have good resale value.. but they lease very cheap.. if you find a good deal, you can lease for less than $400 for 15K miles.. it is a fun car but little noisy.. nuvu red color jeep lo nunchi mahesh babu laga digithe, ni fans inka arupulu, kekalu.. 😄 1 Quote
Thokkalee Posted January 24, 2024 Report Posted January 24, 2024 Check the auto companion and lease hackr website.. Hyundais, jeeps have good deals with the dealer discounts and also the $7500 rebates.. do you live in NY or NJ? Tax on a lease varies depending on the state you live.. maku TX lo leases are expensive as a lease is considered a car sale and we have to pay sales tax on the full price of the car ($4K on a 60K car, $110 per month extra) 1 Quote
shaktimaan Posted January 24, 2024 Report Posted January 24, 2024 45 minutes ago, Thokkalee said: Anything over $400-$500 a month is not good for a car lease. That is 15-18K for 3 years.. your goal should be to find a car for less than $400 for 12k/15K miles all inclusive (taxes, down payment, etc)… it doesn’t matter what car brand it is.. the higher the cost of the car, the more profitable the deal is… Look at Jeep wrangler 4xe.. they cost more than 60K and have good resale value.. but they lease very cheap.. if you find a good deal, you can lease for less than $400 for 15K miles.. it is a fun car but little noisy.. nuvu red color jeep lo nunchi mahesh babu laga digithe, ni fans inka arupulu, kekalu.. 😄 stay away from 4xe, it has battery issues and even keep can’t figure out what’s causing it also, wrangler ride is horrible on highway and for daily use 1 Quote
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