Originally Posted by bizzelz
2005 coupe limited 6spd Blaze Red
~$35,240
minus ~$9,700 total cap cost reduction, all discounts rebates, old age conquest cash, employee pricing, 5 star discount.
= $25,540
39 mo. lease 39k miles
NO money down, NO first payment, NO security deposit NOTHING, not even tax
= $324/mo.
Interest rate for this special case crossfire *one month special at the time*
= 0.001
Total interest accumulated on the lease is about
~ $16.00
Buyout in 39 months is ONLY
$15,600 I will probably buy it at that cus that is a killer deal for this car in 3 years
So. Basically i'm paying $12,636 over the course of 3 years to drive a $35,000 dollar car
and i can walk away from it if by chance my needs change "like having kids".
OK, I guess I am missing the bid great deal your lease is. I bought mine, granted used, but it worked out good for me, and I know people were able to get them for about the same price, brand new around the time I bought mine, in other areas so even better for them...
Here is how it works for me...
$23,500 for 2004 Graphite, 5-speed Auto (could of gone $21,500 for manual, but didn't want to drive to pick it up, and was doing alot of rush-hour traffic).
6,300 miles, certified with 7yr bumper to bumper warranty.
$700 down, 5.9% for 6 years for about $4000 @ $375/mo.
39 months puts me at $14,625 for payments, plus down payment + $15,325 and I owe $12,375 to own.
And thats without any of the great deals people got for 0% financing. And I know its used, but barely, and It got me the certified warrant bump. And I know people were able to get new '04's for $24,000 around the time I bought mine, which would have gotten them better interest rates, to knock down payments and total interest. SO sure, if you were getting it for sticker price, then THIS time lease may be better if you don't want it for more then 3-years, but thats the only way I see it.