New to leasing and I have something I want to run past you all.
MSRP is $33,370 and sale price is $32,865. Not a bunch of expensive options that we do not need.
Rebates are $8,507
Down payment is $4,250. *** I know it is better to put down $0.00, but we have the money now and do not want higher monthly payments throughout the term (i.e. later). I get back $1,500 from California and $450 from SCE. So, $1,950 in rebates. Net down is $2,300. ***
15,000 miles per year for 36 month, which is fine for us.
Gross Cap Cost is $33,810 and Net Cap Cost is $22,609. Money Factor is 0.2500. Residual is $12,733.
So, Total Due at Signing is $12,757 which is $4,250 down and $8507 in rebates.
Payment is $298.13.
If I drop the mileage down to 10,500, monthly payment will be $266.
Thanks in advance.