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How does FINN calculate the comparison tables for subscription prices versus leasing offers?

We regularly check the price of FINN car subscriptions in comparison to the prices from leasing providers. Since our monthly installments include many of the fees that leasing providers charge on top of their monthly installments, we weighed a few of the fees against each other in order to come to a fair comparison.

  • Monthly installments are based on the Chevrolet Build & Price configurator for the 2023 Chevrolet Traverse LT Cloth, AWD in its base configuration of MSRP $42,240 calculated for a 24 month term with a down payment of $2,500 and a 10,000 annual mileage. (As of June 22, 2023).
    Down payment was divided by 24 months to amount to $104.17 (rounded down to $104) in our scenario.

  • Monthly insurance payments are based on full coverage rates for New Jersey in June 2023 provided by Bankrate (with data from Quadrant Information Services). The average annual full coverage car insurance costs of $1,754 per year have been divided by 12 (months) in order to get the monthly equivalent.

  • Registration fee is based on comparison of 10 specific dealer offerings from the 2023 Chevrolet Traverse (LT Cloth, AWD) Inventory in New Jersey. The total of $253 was divided by 24 months to amount to $10.54 (rounded down to $10) in our scenario.

  • Acquisition fee is based on comparison of 10 specific dealer offerings from the 2023 Chevrolet Traverse Inventory (LT Cloth, AWD) in New Jersey. The total of $695 was divided by 24 months to amount to $28.96 (rounded up to $29) in our scenario. According to Edmunds.com, the online resource for automotive information, acquisition fees vary between $595 and $1,095 depending on the vehicle and the leasing company.

  • Delivery is included with FINN. This is not a service typically offered by major leasing providers.

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