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Good morning forums, my name is Neel I just bought a new RR Velar last night, I am coming from a bmw m4, I had a Kia forte for a few months until it got stolen, with kids the bmw wasn't practical to use at all, so I sold the bmw and my wife wanted a Velar so we went for it. I know the payments are a bit hight for the vehicle, But I did want to explain that its under my wife's name and she is from England, her credit is only a year old also. With my cosign this is the deal we got. We had to put 5k down as my credit is not that great as well. The MSRP was $69,526. They threw in Perferrated seat treatment with 5 year warranty and they are going to powdercoat the rims to gloss black (free of charge) Please let me know your thoughts.

Gross Cap Cost=$ 69,526.68
Cap Cost Reduction=$ 3,841.72
Adj Cap Cost=$ 65,684.96
Residual Value=$38,903.07
Depreceation=$26,781.89
Total of Base Monthly=$29,530.44
Rent Charge=$2748.55
Base Lease=$ 820.29
Tax=$59.47
Total Lease Payment=$ 879.76
 

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Looks pretty high to me but need some info to really tell.

What is the lease term (33,36,39 months, etc) and what is the mileage allowed per year? What was the negotiated purchase price or was this at MSRP? also what is the full model and year? Zipcode of deal?
 
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