SoCal lease deal

[narcolo]

Hey guys,

Long time reader, found this forum very helpful, just wanted to share my lease deal for whoever might be shopping. I shopped extensively online in LA and San Diego.

LA area dealer with ~20+ units left in inventory

14' REX
20" wheels
heated seats
parking package

MSRP 48350
Selling price 40800
Adjusted cap cost 36000

10k miles/24month term
$1500 due at signing, include TTL
$340/month include 8% Orange County tax

Payment total $9320

 

[pancakes213]

Thanks for the tip. What was the MSRP for your setup? I got a quote for $10,745 total payment for a $48k vehicle.

Also newbie question: the lease deals include the $2,500 CA rebate, correct?

 

[narcolo]

MSRP was listed above. $48,350

The 24 month leases do not qualify for the $2500 state credit. You have to do minimum 30 month term to qualify. But increasing the term to 30 months will drop the residual value from 63% at 24 months to 58% at 30 months. Not sure if that will offset the $2500 credit.

 

[pancakes213]

Oops sorry haha. I had been looking at so many deals in the past few hours that I forgot you had listed the MSRP details. I'm hoping to bite the bullet soon once I do some more math.

 

[cerroo]

narcol,
The different between 63% at 24 months to 58% at 30 months. Is about $2,500. If you went to 30 months, you would have another 6 months of use for free.

 

[Wfojas]

Hey guys,

LA area dealer with ~20+ units left in inventory

14' REX
20" wheels
heated seats
parking package

MSRP 48350
Selling price 40800
Adjusted cap cost 36000

10k miles/24month term
$1500 due at signing, include TTL
$340/month include 8% Orange County tax

Payment total $9320

Narcolo,
Could you PM me on who to deal with? I don't think I've seen those prices, and I would love to have your numbers! Like you am in the market for a Rex, hopefully with DC Fastcharge.