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$199 Lease Deals for October 2017

Car and Driver Logo By John Pearley Huffman of Car and Driver | Slide 1 of 10: The mainstream is a deep stream. This is where vehicles sell in massive volume and dealers streamline their transactions to move the metal. This is the pretty-nice, solid-value, smart-shopper part of the market. This is the place where leases go for somewhere around $200 per month.The charts attached here are guides to this deep end of the leasing market. They show the national and regional lease deals your harried reporter could find featured on manufacturer websites. It’s not a comprehensive survey, but there’s useful information here. Think of these charts as lane bumpers at the bowling alley; we’re keeping you out of the gutters, but you throw the balls and you knock down the pins. Leasing isn’t for everyone. But it may be advantageous for anyone who can confidently predict their own future and knows how to mildly gain a tax advantage. You may wish to consult your accountant, your attorney, and your recently paroled tax-felon relatives before deciding whether leasing a new vehicle is the right choice for you.Remember, all the components of a lease are at least potentially negotiable. And the right lease for you may be through a bank, a credit union, or an independent leasing company rather than an automaker’s financing arm.The $199 target price here is a rather loose one. And while some regional deals are at $199, other regions can offer the same vehicle at lower or higher rates. The charts include calculations for the total cost of each lease: money due at signing, total monthly payments, and additional costs such as lease-end disposition fees. Then we divide that total by the number of allowed miles in the lease to calculate a cost-per-mile charge assuming full use of the allotted miles.Note that all of these offers are reserved for people with supershiny credit ratings. There may be other deals offered for those of us with ratings that have a duller, matte-finish status.Every month the deals change. And this month, these are the highlights.

$199 Lease Deals for October 2017

The mainstream is a deep stream. This is where vehicles sell in massive volume and dealers streamline their transactions to move the metal. This is the pretty-nice, solid-value, smart-shopper part of the market. This is the place where leases go for somewhere around $200 per month.

The charts attached here are guides to this deep end of the leasing market. They show the national and regional lease deals your harried reporter could find featured on manufacturer websites. It’s not a comprehensive survey, but there’s useful information here. Think of these charts as lane bumpers at the bowling alley; we’re keeping you out of the gutters, but you throw the balls and you knock down the pins.

Leasing isn’t for everyone. But it may be advantageous for anyone who can confidently predict their own future and knows how to mildly gain a tax advantage. You may wish to consult your accountant, your attorney, and your recently paroled tax-felon relatives before deciding whether leasing a new vehicle is the right choice for you.

Remember, all the components of a lease are at least potentially negotiable. And the right lease for you may be through a bank, a credit union, or an independent leasing company rather than an automaker’s financing arm.

The $199 target price here is a rather loose one. And while some regional deals are at $199, other regions can offer the same vehicle at lower or higher rates. The charts include calculations for the total cost of each lease: money due at signing, total monthly payments, and additional costs such as lease-end disposition fees. Then we divide that total by the number of allowed miles in the lease to calculate a cost-per-mile charge assuming full use of the allotted miles.

Note that all of these offers are reserved for people with supershiny credit ratings. There may be other deals offered for those of us with ratings that have a duller, matte-finish status.

Every month the deals change. And this month, these are the highlights.

© John Pearley Huffman

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