Fleetrates.com leases?
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Junior Member
Joined: Jun 2007
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Fleetrates.com leases?
Is my constant quest to find a lease to fit my needs, I stumbled onto Fleetrates.com. I did a search here for them and it looks like a few have used them, but there isn't much info on WHO they actually are, and WHY their rates are so low. I am going to call them when I get into the office this morning, but I was wondering if anyone has the lowdown on why they can lease cars for so cheap.
Thanks guys!
-Kyle
Thanks guys!
-Kyle
Member
Joined: May 2008
Posts: 152
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Jag XKR
You have to put 10% of the Purchase price of the car down with them
IE if the S550 you want is $100K, you have to put $10K down with them for the lease
Look, with a lease, you are basically buying the new car and paying the steepest depreciation. There is no hidden tricks, ambassador leases, and such that you can do with a lease. You have the purchase price, which is basically the only negotiable thing. You are basically buying a new car, which in this market, makes absolutely no sense as you can get much more pre-owned.
IE if the S550 you want is $100K, you have to put $10K down with them for the lease
Look, with a lease, you are basically buying the new car and paying the steepest depreciation. There is no hidden tricks, ambassador leases, and such that you can do with a lease. You have the purchase price, which is basically the only negotiable thing. You are basically buying a new car, which in this market, makes absolutely no sense as you can get much more pre-owned.
Junior Member
Joined: Mar 2008
Posts: 41
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From: Clifton, VA
'05 BMW 545i, '09 E350 4Matic
When I was in the market to buy the MB, I saw a couple of **very** attractive prices on FleetRates.com . Pointed this out to the dealer who did an inquiry on the VINs. Turned out that both the cars were MB executive cars and were not new. I agree that my information is purely anecdotal, but I lost confidence in FleetRates pricing.
Super Member
Joined: Sep 2005
Posts: 927
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From: Covington wa
05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
Fleet Rates typically shows a really low payment by requiring a big capital cost reduction (down payment) and low yearly mileage allowance, usually around 7500. That doesn't fit most people's needs and their payments for comparable dealer leases are about the same.
When you lease a car, everything is negotiable, not just the purchase price. You can negotiate the residual and rate too.
When you lease a car, everything is negotiable, not just the purchase price. You can negotiate the residual and rate too.
Member
Joined: May 2008
Posts: 152
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Jag XKR
Fleet Rates typically shows a really low payment by requiring a big capital cost reduction (down payment) and low yearly mileage allowance, usually around 7500. That doesn't fit most people's needs and their payments for comparable dealer leases are about the same.
When you lease a car, everything is negotiable, not just the purchase price. You can negotiate the residual and rate too.
When you lease a car, everything is negotiable, not just the purchase price. You can negotiate the residual and rate too.
Member
Joined: Feb 2008
Posts: 83
Likes: 1
2007 S550 2009 SL550
You can indeed negotiate all aspects of a lease including the money factor and the residual. It is more difficult to get them to adjust the residual, but the money factor is just the interest cost. It is easy to get that lowered.
