2008 AMV8 Closed End Lease
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Joined: Aug 2008
Posts: 114
From: California
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2008 AMV8 Closed End Lease
Curious as to what folks think about this lease on a 2008 loaded AMV8:
Cap Cost: 120K (~14K off MSRP)
Term: 36 months closed end
Miles: 7,500/yr
Price: 1,992
Overage: $1/mile (ouch!)
Cap Cost: 120K (~14K off MSRP)
Term: 36 months closed end
Miles: 7,500/yr
Price: 1,992
Overage: $1/mile (ouch!)
Thread Starter
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Registered User
Joined: Aug 2008
Posts: 114
From: California
Rep Power: 22
Downpayment is: first month's payment, 2.5K security, ~700 acquisition fee.
Money factor is: 0.00225 (~5.4apr)
Final is approx 2154 (If I added in the taxes correctly)
Money factor is: 0.00225 (~5.4apr)
Final is approx 2154 (If I added in the taxes correctly)
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Joined: Oct 2004
Posts: 1,160
Rep Power: 68
It seems very similar to the leasing deals that dealers are offering right now...
Unless you are getting great tax benefits for the lease it makes more sense to buy the car. You can get a killer deal these days either way.
Unless you are getting great tax benefits for the lease it makes more sense to buy the car. You can get a killer deal these days either way.
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