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Hi everyone im hoping someone can help me out a bit with some numbers, FYI im new to leasing and have nothing under my report thats major. Im 28 years old, home is paid for and currently make 5K a month with no expenses.
10 major creditcards under my name with 100k+ in limits combined with nothing owed.
Car: 170k
Down payment: 10k
TU: 800+
EX: 800+
EQ: 790
Anyone have any idea what im looking at monthly? Please i already know im aiming for the moon but this is my dream car.
$170k, $10k down. Assuming $2,200 in fees, (I assume this has a gas guzzler tax), 36 month term, .0020 MF, 12k annually, 54% residual. Payments should be about $2700 a month.
5k per month in income might be your stumbling block to get approved. The car payments alone will account for 50% of your income. So no matter how high your credit score is, income and lack of existing loans or previous loans might count against you.