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The 1 percent rule in leasing.

Discussion in 'General Automotive Discussion' started by MotorMouth, Nov 23, 2019.

  1. MotorMouth

    MotorMouth Formula Junior

    Jan 6, 2010
    312
    Columbia County NY
    Full Name:
    Dave
    I thought I was really on to something when I realized this simple little equation to identify an exceptional lease deal. Upon googling this curious phenomenon, I discovered the 1 percent rule is already a well known rule of thumb. Well, nobody told me... in case anyone is unfamiliar with this. A really good lease special tends to be a monthly payment of about 1 percent of msrp with 0 down.
    I’m also finding that it is important to also consider the other terms of the deal (the confusing parts that no one understands). So my question is, if you have no intention of buying the car at the end of term, would any of the other terms be of any consequence?
     
  2. JJ

    JJ Formula 3
    Rossa Subscribed

    Jan 6, 2010
    1,291
    PA
    Full Name:
    JJ
    The mileage allowance and penalty are kind of important if you're going to give it back (and when judging a lease deal).
     

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