[chanmanx2k]

Leasing on the Artura has a residual of 77% for 24mo and 71% for 36mo. That is pretty amazing. I don't have money factor details yet but if anyone knows please let

 

[GVIrish]

Wow, that sounds like these leases will be a smoking deal.

 

[gomezdh]

Leasing on the Artura has a residual of 77% for 24mo and 71% for 36mo. That is pretty amazing. I don't have money factor details yet but if anyone knows please let

Agree, a typical 36mo residual for an average car is closer to 60%.

I wonder, what is the source of this information?
Do you the leasing bank?

 

[Trevor90]

these residuals will change month to month, and those are great numbers right now (if you have your Artura incoming soon) but who knows what will happen down the road in a few months.

 

[rnixon]

Leasing on the Artura has a residual of 77% for 24mo and 71% for 36mo. That is pretty amazing.

Until you work out how much money you've lost. I wouldn't usually buy new though, but the market is odd at the moment.

 

[eclou]

36 month lease is $2100 depreciation a month on a $260k car. That's really attractive

 

[invisiblewave]

36 month lease is $2100 depreciation a month on a $260k car. That's really attractive

Speaking as someone who usually buys nearly new cars that are still under warranty, I agree!

 

[Formula1fan]

I asked about a lease. Yes the residuals are great but the MF is outrageous at .003. That's about 7.2%,

I asked about a lease 285k car for 36 months with 5k miles per year. With NYC taxes it came out to $3,950 a month with 14k in taxes up front.

Also be aware Mclaren has a MRM like Porsches. Anything over $272k you are paying dollar for dollar on a lease.Hard to keep a build around that figure.

 

[chanmanx2k]

I think that MF is marked up but I am not sure what the base is. I remember inquiring about the GT earlier this year and the MF was .00227.

 

[Formula1fan]

I have a 2022 GT on a 24 month lease from Nov 21 and the MF was in the low 2's with similar residuals.I think they have raised it bc of the rising interest rates but it guess they could have marked it up.

Hopefully somebody can verify the MF.

 

[invisiblewave]

I have a 2022 GT on a 24 month lease from Nov 21 and the MF was in the low 2's with similar residuals.I think they have raised it bc of the rising interest rates but it guess they could have marked it up.

Hopefully somebody can verify the MF.

Doesn't the MF vary anyway, depending on the customer's credit profile?

 

[Formula1fan]

I know the MF he quoted me on the Artura was for excellent credit.

 

[invisiblewave]

I know the MF he quoted me on the Artura was for excellent credit.

Low 2s would probably be about right in the current interest rate environment. A year ago, I got a 2.7% APR on my loan, but that was to buy, not lease. I'm guessing if I was doing that deal today I might be paying around 5%. I wish there was a way to up that same loan to get into an Artura!

 

[Anthony D]

This thread makes me sad… A lease payment on an Artura is more than my mortgage. I picked the wrong profession!

 

[smrtasp]

I'd be curious to see what they allow to be residualized. Those residuals sound more like Ferrari (its been a few years since I have looked at anything new to purchase/lease so could be different in this market) but many add ons like all the CF parts could not be included. I think this is what Formula1fan was pointing out above. It did not used to be this way when McLaren was using Ally financial. ADMs will also not be allowed to be included so hopefully those that ordered earlier dont get hit with these as it could mean writing a much larger down payment check to buy the ADM and whatever else is needed to get the lease started. When I have shopped around for leases on any new car, I always use this tool - CALCULATOR | LEASEHACKR as it helps a ton with understanding what you are really getting into.

 

[alexceres]

Low 2s would probably be about right in the current interest rate environment. A year ago, I got a 2.7% APR on my loan, but that was to buy, not lease. I'm guessing if I was doing that deal today I might be paying around 5%. I wish there was a way to up that same loan to get into an Artura!

if you can get the loan amount under $200k, you can qualify for a traditional auto loan with a bank or credit union. That does require a hefty down payment. Otherwise you’re looking at speciality lenders like Woodside who charge crazy interest rates as well. If you’re there, you’re pushing the affordability imho (everybody has their own risk tolerance and circumstances). I’d recommend a SBLOC instead of a 7+% interest rate … A bunch of members here have used Woodside, and I feel like they succeeded to keep monthly payments low(er) at the cost of building up asset equity. Basically it’s a lease by a different name.

Normal people auto finance system isn’t really well suited to cars costing a midwestern house.

 

[Trevor90]

I asked about a lease. Yes the residuals are great but the MF is outrageous at .003. That's about 7.2%,

I asked about a lease 285k car for 36 months with 5k miles per year. With NYC taxes it came out to $3,950 a month with 14k in taxes up front.

Also be aware Mclaren has a MRM like Porsches. Anything over $272k you are paying dollar for dollar on a lease.Hard to keep a build around that figure.

is that MRM 272 based off of just Artura, or all Mac's in general?

 

[Anthony D]

if you can get the loan amount under $200k, you can qualify for a traditional auto loan with a bank or credit union. That does require a hefty down payment. Otherwise you’re looking at speciality lenders like Woodside who charge crazy interest rates as well. If you’re there, you’re pushing the affordability imho (everybody has their own risk tolerance and circumstances). I’d recommend a SBLOC instead of a 7+% interest rate … A bunch of members here have used Woodside, and I feel like they succeeded to keep monthly payments low(er) at the cost of building up asset equity. Basically it’s a lease by a different name.

Normal people auto finance system isn’t really well suited to cars costing a midwestern house.

Woodside is currently still at 6%, which isn’t much more than other lenders, even with excellent credit.

 

[invisiblewave]

is that MRM 272 based off of just Artura, or all Mac's in general?

MRM is the maximum value, including options, for calculating the residual?

 

[Trevor90]

MRM is the maximum value, including options, for calculating the residual?

MRM does not include options.