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Or, you can apply it to the up front costs (taxes, fees, etc.) to minimize your out of pocket.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks.
SE: .00029 MF and 59%/58% residual. $1250 lease cash.
SEL: .00002 MF and 57%/56% residual. $500 lease cash.
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.00007 MF and 60%/59% residual. $1250 lease cash.
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Are the same $1500 lease incentives also applicable to this model?
Thanks.
.00006 MF and 54% residual for 36mo, 15K/yr. $1500 lease cash.
Add 2% for 12K/yr
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2015 - .00002 and 54% for 36/15. Add 2% for 12K. $500 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
With $889 in fees down your lease payments are as follow (All On Approval of Credit):
36 months at 12,000 miles per year = $434 a month plus tax
36 months at 15,000 miles per year = $453 a month plus tax
I am factoring in the $1500 in Volkswagen Credit Dealer Lease Bonus in the pricing of $32,582 plus tax/licensing/documentation fee. The MSRP is $36,050 so you're saving about $3500. The $32,582 pricing also includes a Mat Kit and Splash Guards.
The money factor is 0.00100 On Approval of Credit. The residual values at 36 months are: 52% or $18,746 based off of 15,000 Miles Per Year and 54% or $19,467 based off of 12,000 Miles Per Year.
Lease seems high.
Base money factor for a 2014 SEL is .00011, not .0010.. that is a big difference.. (one more zero) About $46/mo...
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That looks a lot better than your first quotes.. Be sure to take the 15K/yr allowance, if you have any ideas of needing it.. Those are cheap miles
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I got this quote for a Tiguan 2015 Lease (VOLKSWAGEN TIGUAN 2WD 4DR AUTO S)
18 Months
$1000 Down $486 monthly
$2000 Down $426 monthly
$2560 Down $395 monthly
$4767 Down $262 monthly
12k miles/ year
Are these good deals or not?
What monthly payment should I be aiming for with $0 down?
In general, we advise against putting money down on a lease. You aren't reducing your total lease cost, and if the car is stolen or totaled, you are out that money.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks
Not yet.. hopefully soon.
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I think all 2015 Tiguans are AWD.. Numbers are the same, if not.. Add 2% to go from 15K/yr to 12K/yr
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Got it...numbers change by trim level, regardless of FWD or AWD
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------
The 2015 Tiguan Lease Special.
$199*/Month. 36-month lease. $2,999 due at signing.
National Offer | Offer ends February 2nd 2015
Lease a 2015 Tiguan 2.0T S with automatic transmission for $199* a month. 36-month lease, $2,999 due at signing. (Excludes title, tax, options and dealer fees). See your local VW dealer for this limited time offer or for one of many other great lease deals available on Tiguan models.
*Based on MSRP of $27,120 (including destination charges) for a 2015 Tiguan 2.0T S with automatic transmission, excluding title, tax, options and dealer fees. Monthly payments total $6,965. Acquisition fee of $625 included in amount due at signing. Requires dealer contribution of $2,527.13, which could affect final negotiated transaction. Purchase option at lease end for $15,458.40. At lease end lessees responsible for $0.20/mile over 36,000 miles and excessive wear and tear. Dealer sets actual prices. Lessee responsible for insurance. Closed-end lease offered to highly qualified lessees on approved credit by Volkswagen Credit through participating dealers. Supplies limited. U.S. cars only. Excludes Puerto Rico. Additional charges may apply at lease end, including a disposition fee ($350). See your Volkswagen dealer for financing details or for general product information call 1-800-374-8389. ©2015 Volkswagen of America, Inc.
Let's say that $2K of the $2999 is cap cost reduction .. the effective payment is really $255/mo (199 + (2000/36) ... before tax.
If you negotiate a nice low sales price and ensure that the dealer doesn't mark up the MF on you, you should be able to get a similar monthly payment without the money down.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$179*/Month. 36-month lease. $2,999 due at signing.
*Based on MSRP of $27,120 (including destination charges) for a 2015 Tiguan 2.0T S with automatic transmission, excluding title, tax, options and dealer fees. Purchase option at lease end for $15,458.40. At lease end lessees responsible for $0.20/mile over 36,000 miles
Questions:
If we want a little high end model, MSRP $32000, how do we know if it is a similar or better deal from the same dealer? One dealer quoted $309/$2999/36month/12k/0.20 for a MSRP$37000.
How to estimate the MF, Residual value and lease cash?
Thanks
Tiguan rates were just enhanced..
.00018 MF and 56% residual for the SE model. $2500 lease cash.
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But, you have to pay a $625 acquisition fee, taxes, title and license fees..
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I'm in the hunt for a 2015 Tiguan S 4Motion on a 36mo/12K lease in zip 55305. At the dealership, they gave me these numbers:
Sale price - 27,599 (this is what they have on their website)
Money Factor - 0.00068
Residual - 53%
Can you confirm what numbers I should be getting for this, and whether there are additional incentives I should fighting for?
Finally, if I move up to SE, is there enough residual difference that the difference in payment is less than $20 a month?
Thank you.
$2000 lease cash on the S; $1750 lease cash on the SE.
What is the MSRP of the unit where they've quoted you the $27,599 sale price?
Negotiate your best price before applying the lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
So, for instance, can I negotiate them down to invoice price (according to TrueCar it's about 27,500) and from there then apply the lease cash of $2000 for a sale price of 25,500 before taxes (MN I think is 7%)? Is that how that works? So that would put the amount at 10,965. Thanks very much Michael.
I believe lease tax in MN is applied to the monthly payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Check the invoice price here on Edmunds... be sure to add the destination fee. I don't think VW has an $1800 spread between MSRP and invoice.
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1. @Kyfdx - thanks for pointing me to the Edmunds pricing. Invoice, according to Edmunds, is 28,933
2. @michaell - I received two new quotes today... nobody is giving me that 0.00015 MF - what the hell? Also, I looked at the rebates here in edmunds and it showed $500 VW credit and 2,750 VCI Lease - I didn't see the 2000 cash lease. Anyway here are the quotes for everyone... I'll try to see if I can close this deal
Dealer B
Sale Price: $26,817
Residual Value: 57% ($15,285.69)
Money Factor: 0.0005
First month, Tax Title & License Due at Signing: $1,491.33
Monthly Payment: $297.58
Dealer C
Sale Price: $26,135
Money Factor: .00025
Residual Value 57%/ $16,607
Tax, lic, title, fees = $1,150
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The car I am leasing has heated seats (cloth as it is an S). They were a dealer added option outside of an expensive package so I got lucky.
I will tell you my numbers but please bear in mind that what they gave me on my trade in was a big factor in the deal.
I have a 15,000 mile per year lease for 36 months for $287 including taxes and fees. I put down $1500. The sticker was around $29,700. There is a $350 disposition fee at the end of the lease and I will have to pay Mass. excise tax in addition to the sales tax included in the $287.
What sealed the deal for me is that they gave me $10,500 for my 2008 Infiniti EX35 with 109,000 miles in need of a major service and new tires (which I disclosed to them). They took the $1500 down payment from the $10,500 and they are cutting me a check for $9000.
I normally drive 20,000 miles per year and this is my first lease. I hope it works out okay. I absolutely love how the car drives and I am so excited.
I also test drove a Mini Countryman AWD (it vibrated on the highway and lots of engine noise but otherwise super cute) and the Ford Escape (total snooze fest and they only offered me $7k for my trade and the lease was $375 per month (and that was for unheated cloth seats!).
I had done all the math and figured the payment based on the trade equity covering the upfront taxes and registration (so I'm not taxed twice on a tax) and acquisition and I think there was a net $75 cap reduction, and paid the first payment only as drive-off (actually $321+$1150 in trade). I figured this using a very accurate calculator I created at $320.50.
When the deal was done, I had used the 1 day, not 10 day payoff on the loan in my calcs so it upped the payment to $321 for 36 months. This was explained by the dealer when he checked with Chase, as he said they can't do the payoff in 1 day, it usually takes a week or more, so they always use the 10 day. $14 difference wasn't going to break me.
BUT: I didn't really care about MF vs. Cap Cost on their paperwork because I knew what the right final numbers should be, and for some reason the dealer chose to discount the car further than I had asked and increase the money factor to make it up. The payment was identical, the drive-off identical, etc.
Why would a dealer prefer to have a higher "dealer contribution" and lower Cap Cost and inflate the MF? Is there a tax or profit benefit to them to do that? To me, $321 per month with $321 driveoff is the same either way and was my "best case" deal going in so I was happy. Just wonder what is in it for them?