[soarer]

Are you leasing or financing and why?

 

[Lex Luther]

I'm leaning towards buying. I don't like that I don't get to own the car in the end with a lease. I would consider it just to keep my options open, but I've always thought that buying makes more sense.

 

[spoonful]

you can still buy the car back at the end of the lease term for the residual if you really wanted to. It does help to keep your car costs down over time. Regardless the question is challenging as we're still without pricing!!!

 

[Ross]

It shouldn't be too much longer from now that we see what financing and leasing rate is going to be like but at least pricing on the models are out now, for the RC350 and it's F-Sport version.

 

[thinkwell]

I am negotiating a lease with a dealer in California for a RC 350 F Sport. They offered the following: 36 months, 10k/year, 65% residual, .002 MF.

I am concerned that the MF is way too high. My score is almost at 700. Is this a normal rate for Tier 2 credit?

 

[Marcy]

I am negotiating a lease with a dealer in California for a RC 350 F Sport. They offered the following: 36 months, 10k/year, 65% residual, .002 MF.

I am concerned that the MF is way too high. My score is almost at 700. Is this a normal rate for Tier 2 credit?

Does anyone know the current money factor offered by Lexus USA? My thought is that .002 MF is inflated a bit to pad the dealer's margins. That said, a high MF out of the gate is common on new vehicles.

 

[O.L.T.]

What is MF?

 

[thinkwell]

What is MF?

MF stands for Money factor, or the interest rate for a lease. You simply multiply it by 2400 to obtain the interest rate.

For example a MF of .0009 x 2400 = 2.16% interest.

 

[Tbong]

I think I will wait a couple years for a certified RC and buy for a lease price. Used coupes are not an easy sell.

 

[spoonful]

4.8% does not seem awful for what the offer is, not to mention the timing of negotiation...

 

[soarer]

I think I will wait a couple years for a certified RC and buy for a lease price. Used coupes are not an easy sell.

That's some time to wait.
But at least then you can get an RC for a great price, one that has had all it's bugs worked out without you having to do all the back and forth required to have it all dealt with.

 

[Tbong]

That's some time to wait.
But at least then you can get an RC for a great price, one that has had all it's bugs worked out without you having to do all the back and forth required to have it all dealt with.

Yeah But I still enjoy the Vette in the mean time. I cannot see buying expensive (ie$40k+) cars new. The depreciation percentage is low but in real dollars is crazy. I would bet an RC would depreciate 1/3 of its value in three years, putting in the mid to late thirties and that is assuming only 33% depreciation. Could be more because it's a less desirable coupe.

I am driving a $70,200 MSRP Corvette with 16K on it I paid $33.5K for. This car will cost me about $1600 a year in depreciation to drive while I wait.

Not bad for $133 a month. Especially considering a new same equiped Vette costs $1100 a month in the first year depreciation and that is pretty much a 60 month payment as well Crazy IMO to go there.

Being a cash buyer I have to wait for my price to come to me. ..... I waited a much longer time to buy the Corvette I wanted in 08, A couple years for an RC is nothing LOL Plus a lot can change in cars in the next two to three years,

 

[spoonful]

Yeah But I still enjoy the Vette in the mean time. I cannot see buying expensive (ie$40k+) cars new. The depreciation percentage is low but in real dollars is crazy. I would bet an RC would depreciate 1/3 of its value in three years, putting in the mid to late thirties and that is assuming only 33% depreciation. Could be more because it's a less desirable coupe.

I am driving a $70,200 MSRP Corvette with 16K on it I paid $33.5K for. This car will cost me about $1600 a year in depreciation to drive while I wait.

Not bad for $133 a month. Especially considering a new same equiped Vette costs $1100 a month in the first year depreciation and that is pretty much a 60 month payment as well Crazy IMO to go there.

Being a cash buyer I have to wait for my price to come to me. ..... I waited a much longer time to buy the Corvette I wanted in 08, A couple years for an RC is nothing LOL Plus a lot can change in cars in the next two to three years,

you're the worst kinda of shopper (inthe best possible way of course) >

 

[Tbong]

you're the worst kinda of shopper (inthe best possible way of course) >

Yeah I am LOL. For dealers. But I never was one to be "the first on the block" with anything.

Patience pays off handsomely whether buying stock or cars, Your price will always come to you eventually. Just wait and enjoy what you have until then. And never stop learning about the car you want. Stay in the game. Let the early adopters beta test the new computer SW in today's cars.