Lease Help please

[nameisjae1]

Dear forum members, I have never leased a vehicle before and my mom would like a Land Rover for me to lease in my name. Never leased before and I just googled it. I think I have the basics, like negotiating price etc. but any insights from the forum members who have leased before would be really great!

I will start sending out feelers to the Land Rover dealers but wanted to check-in here before I start the process.

Thanks!

[sj22]

3 big things for me are residuals, deposit and apr.

And dont forget, the price (hence the lease payment) is always negotiable.

[LDT]

Originally Posted by nameisjae1

Dear forum members, I have never leased a vehicle before and my mom would like a Land Rover for me to lease in my name. Never leased before and I just googled it. I think I have the basics, like negotiating price etc. but any insights from the forum members who have leased before would be really great!

I will start sending out feelers to the Land Rover dealers but wanted to check-in here before I start the process.

Thanks!

Negotiate selling price before any manufacturer incentives. Then subtract incentives to arrive at cap cost. Pay attention to money factor (interest rate) and residual value. Use Leasematic app or similar to get some perspective. MF is negotiable and if you have top tier credit you can get close to base money factor. Dealers love smoke and mirrors. Double check every number.

[vegasandre]

Join the Leasehackr forum and you will get some very great tips.

Rule of thumb try for monthly payment of 1% of purchase price with no cash out of pocket. It is doable with some hard work (10-15k mile/yr lease)