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Yes for 36, for 24......effects of cash on term.....
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Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Sat, 12 Mar 2005 12:11:37 Share Post by Email
In Reply to: $0 down how much more a month?, not_too_shabby, Sat, 12 Mar 2005 07:39:36
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Yea $2,999 divided by 36 for a 36 mos term is a little less than $90 ish. The ad lease now is 24 months divided into $2,999 is about $130 a month.

If your withdrawing the cash out of the lease special you probably want to also go to 36 months. When you put a fairly substantial down payment towards at lease it knocks down a 24 mos payment over $40 a month pre $1,000 vs a 36 month term where it knocks down the payment only $28ish.

So a 24 month lease is only competitive in payment with a substantial amount of cash in. $2,999 isn't enough all by itself, but add in the $1,000 March Madness Bonus Cash and now you're putting enough down to make 24 and 36 comparable. Which is why Saab went to 24 this March.

So if you pull out the $2,999 the 24 months will be substantially more payment than the 36.
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