Confused by local dealer's offering on similar cars with diff. m.f. ...etc Help please. I'm serious!

Best Answers

• barb2011 Member Posts: 5

  June 2016 edited June 2016 Answer ✓

  This is in OHIO...
  #1 FAVORITE CAR: BUT WHY IS THE MF...24 HIGHER? And are the Res rates too high on the Outback?
  
  Subaru Outback Premium (15): $32,437
  Purchase:
  Sale Price.........................$29,774.00
  Documentary Fee...................$250.00
  _________________________________
  $30,024.00
  7.25% Tax..........................$2,176.74
  Title Fee..................................$15.00
  Temporary Tag.........................$18.50
  _________________________________
  $32,234.24
  
  Lease: Money Factor is .00135. 15,000 miles a year residual is 63% ($20,435). 18,000 miles a year residual is 63% less $900 mileage charge ($19,535)
  
  
  Subaru Forester Limited (23) $32,624
  Purchase:
  Sale Price.........................$30,164.00
  Documentary Fee...................$250.00
  _________________________________
  $30,414.00
  7.25% Tax..........................$2,205.02
  Title Fee..................................$15.00
  Temporary Tag.........................$18.50
  _________________________________
  $32,652.52
  
  Lease: Money Factor is .00111. 15,000 miles a year residual is 58% ($18,921). 18,000 miles a year residual is 58% less $900 mileage charge ($18,021)
  
  Subaru Forester Premium (15) $29,474
  Purchase:
  Sale Price.........................$27,348.00
  Documentary Fee...................$250.00
  _________________________________
  $27,598.00
  7.25% Tax..........................$2,000.86
  Title Fee..................................$15.00
  Temporary Tag.........................$18.50
  _________________________________
  $29,632.36
  
  Lease: Money Factor is .00140. 15,000 miles a year residual is 60% ($17,684). 18,000 miles a year residual is 60% less $900 mileage charge ($16,784)
  

  5
• Mr_Shiftright Member Posts: 64,481

  June 2016 Answer ✓

  Well you WANT a high residual on a lease, so that's good. Some dealers of some makes will jack around with the MF and some dealers of some makes won't.
  
  We can usually tell you what the MF should be.

  5
• kyfdx Moderator Posts: 251,051

  June 2016 Answer ✓

  The Outback numbers are correct.
  
  Forester Limited numbers are .00070 MF and 58% residual
  Forester Premium numbers are .00090 MF and 60% residual
  
  Looks like the dealer is marking up the money factor on the Foresters for extra profit.
  
  If this is Ohio, the sales tax won't be that high on a lease. That is the straight purchase sales tax.
  
  I agree with the residual calculation for extra miles over 15K/yr.

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  5