I am in Oregon and took a Rex home overnight and fell in love with it. Needing a car quickly, I went back to the dealer and asked about rates yesterday. We went back and forth for an hour and I thought I was getting a competitive price on the vehicle, at least according to Truecars. I have never leased a vehicle before and I believe they may have taken advantage of me in that regard.
I was assured the MF was very competitive for my credit score, it is likely not. I have credit scores in the 820-840 region and the MF they offered was .0017 in calculating the lease. I got a truecar discount of $4038 in addition to the $5500 standard rebate. However, the lease terms they gave me for 24 months on this vehicle come in at $550 a month after $2500 down. They never showed the residual value percentages for me. I drove off the lot last night with the following:
Arravani Grey Base + rex + Tera World + Tech Package + & 20" wheels (I did't want the wheels but they were on the car)
MSRP 54250
- 4038 discount
- 5500 Rebate
= 44,712 Total Purchase
2500 down, 24 months, .0017 MF = ~550 per month.
I may have just gotten screwed, can someone help me untangle the figures? The deal is not final because the car I was supposed to drive off the lot was to have the parking assist package and this car didn't. They didn't charge me for it yet but it was the car I was looking for the entire time and they didn't realize it until they pulled the car out for me to take home at closing time.
I was assured the MF was very competitive for my credit score, it is likely not. I have credit scores in the 820-840 region and the MF they offered was .0017 in calculating the lease. I got a truecar discount of $4038 in addition to the $5500 standard rebate. However, the lease terms they gave me for 24 months on this vehicle come in at $550 a month after $2500 down. They never showed the residual value percentages for me. I drove off the lot last night with the following:
Arravani Grey Base + rex + Tera World + Tech Package + & 20" wheels (I did't want the wheels but they were on the car)
MSRP 54250
- 4038 discount
- 5500 Rebate
= 44,712 Total Purchase
2500 down, 24 months, .0017 MF = ~550 per month.
I may have just gotten screwed, can someone help me untangle the figures? The deal is not final because the car I was supposed to drive off the lot was to have the parking assist package and this car didn't. They didn't charge me for it yet but it was the car I was looking for the entire time and they didn't realize it until they pulled the car out for me to take home at closing time.