What is the 1 rule in car leasing?

For instance, if the MSRP of a car is $30,000 and the monthly lease payment (excluding taxes) is $300, the one percent rule would calculate as follows: $300 / $30,000 = 0.01, which is equal to 1%. In this scenario, the lease deal meets the criteria for being a good one.

When exploring various facets of a lease agreement, individuals often encounter the concept known as the "one percent rule." This particular rule serves as a benchmark for evaluating the attractiveness of a lease deal.

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Specifically, the one percent rule is applicable to lease contracts that span 36 months and offer a mileage allowance of 12,000 miles. It operates by dividing the monthly lease payment (excluding taxes) by the Manufacturer's Suggested Retail Price (MSRP) of the vehicle.

According to this rule, a lease deal is considered favorable if the resulting figure is 1% or lower. This threshold is indicative of a relatively low monthly payment compared to the vehicle's value.