Over time, I've come to the conclusion that the only thing that really matters is the bottom line-- the monthly payment.
This EXACTLY...that's why I started the post and not one person gave me the basics. Again all I wanted was:
Duration
Money Down
Miles per year
Monthly Payment
I too used to get all worked up over the residual, price they were giving me the car for, percentage rate until i realized ALL that mattered was the monthly payment and what fit in my budget. I found if you go to 3 different dealerships with a number and keep negotiating down once 2 drop out you got a great price. Also, I never go to the dealership to negotiate. It's always e-mail or phone. I don't like to be trapped.
I got nothing to add. [emoji2]
We leased one car. Then bought it. I'm no help here.
Yea, I remember that. I made a comment somewhere and you replied about thinking I bought. Must have missed my reply that I did not.
Why was I thinking you leased your CX-5? Or am I thinking of someone else?
Am wealthy. Leased a car. Still wealthy. Also work with 6 exceptionally wealthy men: all lease.
What bugs me about leasing in Maine is our expensive excise taxes due upon registration.
By the time they begin to get somewhat reasonable the lease is up and you’re back to paying the higher rates again.
Why was I thinking you leased your CX-5? Or am I thinking of someone else?
LeasED. Past tense. Wife's Volvo.
Otherwise would have said "am leasing". [emoji106]
@Nelson: purchased E plan.
What are your registration fees like?
2013 mine was like $650 and gradually started going down every year. Last year was still over $300, and this year it finally sent down to "only" $187.
I love Colorado, but damn these yearly registration fees that they started doing like this in 2006. When I was still driving the 98 Jeep it was like $10-$20/year and then in 2006 it was suddenly $100/year. Sucks.
Edit: I should clarify that that's the licensing fee and the "ownership tax". Blech
My director at work was telling us how his friend bought a high-price truck and his registration was a few thousand. Yikes!
Leased is past tense. Leasing is current. It's really not ambiguous.
If you say "I got my car today, I leased it"....you're not using proper English.
Ain't that the truthCD- yours sound similar to ours. But it doesn’t help incentivize buying a newer more fuel efficient vehicle when any savings gets canceled out by higher taxes.
http://www.maine.gov/revenue/propertytax/sidebar/excisetax.htm
The thing to remember about leasing is that, just like with sales, they'll throw lots of numbers at you to just muddy the waters and wear you down. You know: "dazzle them with brilliance, and blind them with bulls***." I always get the best deal I can via phone or email also to avoid that trapped and manipulated feeling that's built in to every dealership.
EXACTLY "muddy the waters" and yes I forgot to add "Trim Level" with accessories. I don't know what your situation was but $5,800 is a lot to put down due to the fact you can pull out of the dealership the day you take delivery and get hit. Car's totaled and your out $5,800. I'm sure your reason made sense to your current situation. I always put $0 down.
Let's try this again since you were the only one that answered the question I'm looking for:
Trim Level
Duration
Money Down
Miles a year
Monthly cost