Least Expensive Car Lease?

Question

I want to lease 200/mth w/ zero down (w/ min mileage @ 12000 mileage/yr or less & with taxes build in). I am interested in getting a Camry/Passat/etc. I know I can get a small car like the Corrolla/Cobalt/Sentra/. Do you think I am being unreasonable?

Answer 1

Depends on your credit. It's always a good idea to put money down since it shows the bank you have resources available. Two hundred per month is low for a Camry and especially for a Passat. For that rate, you'd need great credit (ideally above 750) and maybe a trade in or some serious luck. Otherwise, I would only expect that kind of deal on something less expensive like you mentioned with the Cobalt/Sentra/Corolla. You aren't being unreasonable but don't be too surprised if the dealer wants money down up front, if only one or two thousand dollars.

Answer 2

Yes, $200 a month is a bit unreasonable with no money down. You would have to stay under $15,000, have good credit to get a low interest rate, and lease a car that holds it's resale value (residual value) well.

Something like a Toyota Yaris might work. After you get some numbers together, you can use the following calculator to play around with the numbers to see what gets you around $200 a month, with taxes.

http://www.leaseguide.com/calc.htm

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