Amazing lease deal? - McLaren Life
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post #1 of 23 Old 05-15-2019, 06:17 PM Thread Starter
 
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Amazing lease deal?

Curious on thoughts on this lease proposal I am about to sign:

2019 570s

5k miles yr

$5300 down (1st month, sec deposit, dealer fees)

$2130 a month before taxes

MSRP about $205k

Ive been looking around and everywhere i look, this is $3-400+ a month less than what others are paying, and much less down. Good deal? great deal?

Last edited by Jc77; 05-15-2019 at 08:51 PM.
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post #2 of 23 Old 05-15-2019, 06:24 PM
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How many months is it for I wouldn't want to be locked in a 570 unless I was purchasing it for maybe more than 24 month
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post #3 of 23 Old 05-15-2019, 07:17 PM Thread Starter
 
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Its 47 months. I never keep my leases until the end. I figure at that payment it will be easy to transfer out of it in a couple years if I want something else.
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post #4 of 23 Old 05-15-2019, 07:59 PM
 
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Yes, seems like the current Ally Financial McLaren lease deal. 47 months appears to be the current range w/ 2500 p/y mileage allowance. I was offered and nearly committed to the same deal. I was, however, looking at a 200k car for $2000 p/m + tax. Decided against it as I couldn’t stomach the 47 month commitment and mileage. At 36 months you’re looking at approx. $2500 +/-.
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post #5 of 23 Old 05-15-2019, 08:26 PM
 
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For the 47 month and 2500mi/yr lease it’s about 4K less than the advertised price.

It seems decent for a on the lot negotiated car. amazing would be that price for 5k mi/yr.
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post #6 of 23 Old 05-15-2019, 08:51 PM Thread Starter
 
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That price is for 5k miles per year

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Originally Posted by Firstkill View Post
For the 47 month and 2500mi/yr lease it’s about 4K less than the advertised price.

It seems decent for a on the lot negotiated car. amazing would be that price for 5k mi/yr.
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post #7 of 23 Old 05-15-2019, 09:29 PM
 
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Great deal. Enjoy the car!
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post #8 of 23 Old 05-16-2019, 02:04 AM
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That is indeed pretty good for 5k miles a year. My first thought about 47 months was, well i don’t want to lease an out of warranty car, but it seems you intend to swap the lease well before you get there
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post #9 of 23 Old 05-16-2019, 02:20 AM
 
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Seems like a great deal. I’ve never seen it that low, especially the D/P.

Last edited by openwyder; 05-16-2019 at 02:22 AM.
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post #10 of 23 Old 05-16-2019, 02:25 AM
 
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https://www.leasetrader.com/2017_McL...e_300309.xhtml

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post #11 of 23 Old 05-16-2019, 05:14 AM
 
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2.5k mikes a year is a joke... lol this is not an “antique” lol
5k I think is the right number.

Theirs a doctor who got his and put 15k miles in the first year! Lol
He says “one hell of a daily!


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post #12 of 23 Old 05-16-2019, 04:31 PM
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post #13 of 23 Old 05-17-2019, 10:21 PM
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post #14 of 23 Old 05-20-2019, 02:24 PM
 
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I never understand the concept of leasing or why this is considered a good deal. What we are saying is that he is spending $105k over 4 years on a car that can be had for $200k anyways. So this would be a "good" deal if we are thinking that in 4 years this car will be worth less than $95k? Not sure what their policy is on early cancellation.


Also, the fear of turning the car in and them hitting you with the "wear and tear" or excess wear which they can pretty much dictate would really prevent me from leasing one. To me i rather get that same car that is "used/new" for way way cheaper and just buy it and come out ahead.

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post #15 of 23 Old 05-20-2019, 02:31 PM
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Lots of advantages to leasing. One, if you do a corporate lease you use pre-tax dollars and you only pay sales tax on the lease payments. Also, at $5k down, that's considerably less than the usual 10 - 20% down if buying on a loan. It also guarantees you getting out clean at the end of the lease without worrying about depreciation.

However, with that said, don't expect to get out of the lease early and not take a hit. If you are only paying a couple Grand a month, your car is underwater as soon as you drive it off the lot so you need to keep the lease for a long time, possibly even the entire lease to guarantee not being underwater.

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