How to lease a car like a pro using Leasehackr Calculator!
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- เผยแพร่เมื่อ 13 พ.ค. 2024
- Learn how to use the Leasehackr Calculator to create a target lease deal to shoot for when shopping for a car. Don’t negotiate a lease without first knowing what constitutes a good deal!
In this video, we explain the basics of leasing by using the Leasehackr Calculator to estimate a Toyota Camry lease. Once you understand these fundamentals, you will find yourself better equipped to evaluate and negotiate any lease deal!
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Leasehackr is the web’s largest community dedicated to the art of leasing a car. Discover the latest lease hacks, discuss negotiation tips, chat about cars, and more! Everything you need to know about leasing a car, including the best deals, can be found via the Leasehackr community.
Leasehackr: leasehackr.com
Leasehackr Forum: forum.leasehackr.com
0:32 Definitions
1:13 How Leasing Works
2:16 MSRP and Selling Price
2:53 Residual Value, Money Factor, and Incentives
3:59 Fees and Taxes
5:22 Calculator Outputs
6:19 How to Lower Your Lease Payment
8:18 Conclusion and Caveats
Links:
Leasehackr Calculator: leasehackr.com/calculator
Leasehackr Marketplace: forum.leasehackr.com/c/market...
Request A Video Topic: forum.leasehackr.com/t/video-...
Support Leasehackr: leasehackr.com/contribute
Script to Video: leasehackr.com/blog/2020/10/1...
Future Videos:
How to find Residual Value, Money Factor, and Incentives data for a car lease? -- Stay tuned
What is a Multiple Security Deposit (MSD) for a car lease? -- Stay tuned
What Selling Price or discount should I target on a car lease? -- Stay tuned - ยานยนต์และพาหนะ
"Leasing is basically paying for depreciation." That is a brilliant perspective to have when leasing a car.
Is that true???
@@stephancunningham3072 He says that at 2:13. Makes perfect sense the way that a lease payment is set up.
@@stephancunningham3072 yes they price the lease payment based on the depreciation of the car. That's why cars that are far away in price have very similar monthly payments.
@@NNTorious oh ok, so which is depreciate more a charger Gt or an Elantra/Sonata
@@NNTorious you’re definitely right because the Charger Gt and the Hyundai Sonata Hybrid limited are both around 35k, and the monthly payments for the Charger is in the 500, and the sonata is in the 300, and I even simulated it by changing the down payment for the Charger and it’s still a lot
Really helpful! Look forward to next videos :)
Awesome vid, clear expanation, excellent presentation!!!!!
Thank you for the clear explanation. Will you put the link to the future videos on "How to find #Residual_Value, #Money_Factor, and #Incentives data for a car lease" in the description section?
Best info and simplicity thank you.
Thanks for the video
Awesome calculator, thank you for making it! How accurate the information on RV and MF? do you update it monthly?
Excellent instructional video
Awesome video!!
Very helpful 👍
Good info !👍
This is fantastic!
thank you. definately a very interesting are for mw now.
great video
👌🏽 great video
Love your videos Michael! My BMW lease is up in 3 months and this will help me negotiate my next lease. Thanks! Keep up the good work!
this is awesome, im looking to lease the new acura tlx s model thats supposed to come out. i have no clue about car leasing do you think i would even be able to get a good deal since this car has been highly anticipated?
Used this for my last lease an ended up with $2700 equity to rollover at the end of lease.
Hey, very nice video and informative. I was wondering what camera do you use for filming ?
Can you help create prenegotiated deals for northern california please? I see that you have ones in the NY area.
Great video..new to leasing so learning a lot. Can the taxes, government fees and others be included in the monthly lease payment? Advertisement of car dealership says "$$$ down is required " - what does this consist of?
More videos plz!!!!!
Where did you research the selling price? Thank you!
Would the federal government ev tax credit be considered a taxed incentive or untaxed with regards to leasing? Would I be correct to assume the by state rebate to be an untaxed incentive? I ask since I plan on Leasing the Audi Q5e which qualifies for both incentives and I would like 🤞🏻🤞🏻 to have these incentives added on top of a 10-15% off msrp. Any advice is greatly appreciated👍🏼👍🏼
Learned a lot about car leasing. Thank you
I have been seeing lease hacker for maybe 2 years and this video really helps me understand it better. Especially the part of emailing dealers asking for this deal or better. thanks much.
The most important thing find out what money factor and residual percentage then the incentive normally most car has 1,000 to 5500 incentive, every thousand drop your payment by $30 on payment
Is there anything similar for Canadian market? Thanks!
I've been leasing for years. Here's a quick way to do it and it's 95% accurate. Look at the msrp or sticker prices then deduct aprox 54 to 56% off of the sticker price. Then divide that over the number of months your leasing
So, im looking at a vw cross sport atlas. Msrp is 43 thousand. They have 500 off plus another 500 off for xyz reason,..so, its 42. I want to lease it for 36 months at 7500 miles per year. -and zero down, . Subtracting 56percent from 42 thousand is about 20 thousand. 20 thousand divided by 3 years is about 7 thousand. Thats around 500 bucks a month. Is this a good deal ?
@@tomasalvarez6040 ifnits zero down.. it's okay. The milage allowed is low.. it's more so on the expensive side.. if you don't plan on keeping the car. Post lease find something with a cheaper msrp like out the door 25k yiur payments should be 330 a month
@@aky19832001 perfect, thanks for that
In 2016 I decided to lease a car to try it before buying. When the time came to return or buy, The leasing company was forcing me to go back to the dealer for an option to buy. Of course the dealer wanted $2k for this to happen. So I returned the car. Never purchased again from ANY dealer in Florida ever. Yet, many people can just send a check to leasing company (i.e. US Bank) and purchased the leased car from the leasing company. How can consumers make sure they can purchase the car they leased when their lease ends?
Did the selling price video ever come out?
Why is it, that there allowed to advertise low payments ($189 per month with $3000 down 36 month lease) $ when you get to the dealer it’s now $349 per month????
Does anyone know what to say to the dealership about the money they want at signing?
Wonderful video. I used a broker on my last car (2018 VW eGolf) and got $0 down , $1500 drive off with 3 yr 36mo. 12k per year . I think I’ll use your calculator this next time. I’ve got my sights on Tesla mod Y 2021 but waiting for Biden to announce the EV incentives . If he goes for the $7500 federal tax at POS, I’ll upgrade to the LR Mod Y. Otherwise I’m stuck with the standard, without any of the interior upgrades and about 160 real fwy miles . Keep up the wonderful videos
You cant negotiate Tesla just fyi
Question for the community. Should I go to the dealership, ask for these numbers and come home to calculate to see if its a good deal? Or should i be asking all this in the email in advance?
lol
But I thought when you put a down payment you don’t get it at the end of the lease?
Where do i plug in trade in value? Thanks.
Subtract it from the negotiated vehicle price. Like you would down payment cash or a rebate.
where did you only get 390 for government fees, the caifornia dmv calculator gives you total fees including total sales tax etc, on a lease, that makes it difficult to find out your out the door fees
I can not find in at the Apple store,…where can I get it?
Their website has the calculator
What about the rent charge
Ok cool but where can I see how my credit score affects the payment?
I was dumped by a lease hacker. She said I didn't have enough incentives to give her.
😂
After studying all this calculator bs I am going to try and just do it. Honestly my last deal was crazy good. I know the market now is a sellers market and I can tell because I have less car dealers responding or chasing me the way they did previously. 3 years ago I was able to lease a brand new chevy trax 2020 with on $300 down and monthly $209 10k miles for 39 months. I traded in the old 2016 leased trax for the new trax. I really feel the trick is to go back and forth between dealers and tell them the other one offered you a better deal until you get what you want. I also think this time around is harder because chevy has no 2023 only a 2024 so there is shortage of the newest model.
Consumers today: “calculator said $275? Time to go in and ask for a $150 payment 😂” “because math is magic, that’s how they git you”
How are tax incentives for Electric Vehicles calculated into a lease? $7500
The EV federal tax credit goes to the bank, not the lessee. However, the bank (generally, a captive auto lender) may choose to pass a portion, or all, of the tax credit to the lessee in the form of a rebate. Research the manufacturer lease incentives for a particular model, and add that to the "Taxed Incentives" field.
Nowadays the market is totally different.
Hoping to find out where to access the manufacturer money factor and residual values?
Search "edmunds forum manufacturer residual value money factor."
why would anyone want to take a chance of a car being totaled with a one-pay lease?
Any question guys? ask me 27 years experience.
Best negotiation tactics for a first time leaser? On a time crunch and don't have the budget to finance a purchase.
Look at that same camry after you return the lease. Its selling for about 75% of its original value on the dealership lot.
Car companies intentionally list the residual value low like 53% to make you pay more per month in depreciation cost. Then you return it after the lease ends and the dealer sell it for around 75% of the original value. Scam
that website is such a headache to find deals on cars- the worst
BMW offers 50% of your down payment back if you crash the car. At least it's no 0% lmao
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You must be related to Biden
Never lease a car. 🙄
Why not?
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