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Old Feb 6, 2004 | 01:03 AM
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EVS Motors
Joined: Oct 2003
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Read this:
Why is a $19,000 lease payment not much cheaper than the $35,000 Crossfire? For less than $700 more on the downpayment everyone can drive a Crossfire. Of course there is a catch.


2004 Accord Special Featured Lease Terms Certificate
Special lease rates available on all new 2004 Accord models. FEATURED SPECIAL LEASE: 2004 Accord LX Sedan with Automatic Transmission (Model CM5634PLW) for $239.00 per month for 36 months with a $999.00 down payment. $1,488.00 total due at lease signing (includes first month's payment, security deposit and capitalized cost reduction; total capitalized cost and base monthly payment excludes tax, license, registration, options and the like). SUBJECT TO LIMITED AVAILABILITY.
Offer valid through: 3/1/2004


This is straight from Chrysler's financial website. I calculated the payments for a lease for a 2004 Chrysler Crossfire. $479 a month, this doesn't even include tax yet or other fees. Those ads are schemes to get you in and hook you on the car. Most everyone will be disappointed that they will not get this offer and will end up with monthly payments much higher.

Capitalized Cost
Term 36 Months
Annual Mileage 12,000
Cash Down $2,114
Total Down Payment 2,114.00

Net Capitalized Cost 32,931.00

One Time Payment 17,943.14

Residual 19,662.15


Monthly Payment 479.59

Tell me how this is reduced to $299. Even the Chrysler website can't get down to that payment.
 
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