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.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?
MF stands for Money factor, or the interest rate for a lease. You simply multiply it by 2400 to obtain the interest rate.What is MF?
That's some time to wait.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.
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.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.
you're the worst kinda of shopper (inthe best possible way of course)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,
Yeah I am LOL. For dealers. But I never was one to be "the first on the block" with anything.you're the worst kinda of shopper (inthe best possible way of course)>
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