Never leased before
First off I could not figure out how to post a new thread so if this posts as a reply, my apologies.
I've read many of the posts on this thread and the more I read I learn more and become more confused at the same time. I test drove a Giulia AWD Ti and it was fantastic, but like many I have long term reliability concerns. I am in Maryland which taxes both the full sale price of the car less trade-in and incentives. I was given the following offer without knowing specifics on residual value, interest rates, etc. I have a 2008 Infiniti G35 100k miles that is being used as a $6,800 trade, Car Max was $6,700. The Infiniti runs great, never had one issue and I've done all the significant maintenance I need to do for the next 3 years, so this is a frivolous move but I really loved the Giulia.
MSRP $45,540 Sale Price $38,280
The $6,800 trade is used for $2,110 in taxes (6% on $31,480 plus tax on incentives), $299 non-negotiable Maryland dealer fee (this is set in stone at all MD dealerships), $895 acquisition fee, $275 registration/tags, and the balance of $3221 down payment.
24 mos at 10k per year: $349 per month
36 mos at 10k per year: $372 per month
The 36 mo. is still cheaper per month b/c if the $3,221 down payment is pro-rated over the months, 24-mos totals $483/mo and 36-mos totals $462/mo. I actually would want the car for 3 years.
I have no idea what I'm doing but the dealer seems pretty desperate, the Alfa's do not seem to be moving here. I have not seen a single one in the area. So it might be a good deal. Any input would be greatly appreciated.