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Payment Calculation
MSRP $27,250.00
Purchase Price $26,253.64
Down $1,999.00
Fees $998.00
Cap Reduction $1,001.00
Buyout Price $16,622.50
Total Depreciation $8,630.14
Monthly $205.48
Finance fee $33.52
Lease Base $239.00
If I use $25,255 as the net cap cost with all the other numbers, I get a pre-tax payment of $279.24/mo.
We don't recommend making a cap reduction on a lease - if the car is stolen or totaled, you lose that money.
Ask the dealer for the net capitalized cost, after the cap reduction ... the offer seems too good to be true.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Payment Calculation
MSRP $27,250.00
Purchase Price $25,400.
Cap Reduction $1,150
Buyout Price $16,622.50
Base Monthly $268
tax $20
Payment $288
Still a good deal, should I expect to see the base monthly equal the advertised price? Again, new to leases so maybe the advertised price isn't on a quote anywhere.
The dealer either needs to sharpen their pencil or put new batteries into their calculator.
Lease payment calculations are not difficult .. the math involved can be done by any 5th grader.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/10 - 66% and .00180
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
want either a 36 mo lease 12.5k miles a year or 10k a year mileage
kerry
MSRP - this is the bottom number on the factory window sticker
Net cap cost - negotiated selling price plus any fees or taxes added in less any rebates or down payment
Residual - percentage of the MSRP the bank thinks the car will be worth at the end of the lease
Money Factor (MF) - used to calculate the rent charge (similar to an interest rate) for the lease
For the WRX STi, the 36/12 numbers are 65% residual and .00170 MF (multiply the MF by 2400 to get a rough interest rate).
Negotiate the best selling price you can; that will ensure that you are getting the best payment. MSRP and residual are fixed values; only the selling price and the MF can vary. You want to ensure that the dealer is using the base MF and not inflating it for extra profit - that may account for the different payment quotes you are getting.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
There are many calculators available on the internet that will help you determine the monthly payment.
Dealers can mark up the MF for extra profit.
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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
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Dealer's 1st shot is the following for a 10k/36mo 0 down lease in Nevada:
Sales Price = $31,999 (think there's maybe some movement here, Truecar shows $31,835 for same build)
Acquisition = $595 (is this marked up or set by Subaru?)
Total Finance = $32,594
Residual = 62%
MF = .002 (marked up?)
Base Monthly = $432.22
Monthly Tax = $33.39 (7.725% of monthly)
Total Monthly Payment = $465.61
Total Annual Fees = $28.25(don't know what this is?)
Total Initial Fees = $399 (same as doc fee maybe?)
Amt Due At sign = $923.68 (Not sure how they came up with this, I get 892.68 with 1stmo+annfee+initial fee).
Can someone confirm the base MF for 10k/36mo WRX Limited with 6spd (credit score is mid 700's)? Also, if you could provide the numbers for 10k/24mo that would great. Any comments on the pricing would be appreciated as well.
Thanks
72% and .00267 for 24/10.
As it stands, my numbers work out the same as the dealer quote. If I reduce the MF to the base of .00155, the payment (after tax) drops to $439.68.
Can't help you with pricing - use the tools at the top of the page (make / model / year) to help.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am attempting to find the best way to go about leasing a 2015 wrx (m6) base. I know I will be driving more than 10000 miles a year.
My question then becomes, what are the numbers looking like for 36/10 and for 36/15? If it is far cheaper to lease at 36/10, then I will probably do that, and bite the bullet on miles, assuming I will for sure be buying the car at the end of the lease.
I still have to get a quote on the car itself from my dealership, but I am estimating the purchase price I will be looking at is around 26,000 give or take a couple hundred.
Thanks,
Mitch
63% and .00180 for 36/15.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Better to negotiate your best selling price and ensure that the base MF is used.
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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
Stickshift: .00155 MF and 59% residual
CVT: .00150 MF and 59% residual
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Also, any information on what the "best" rate I could get would also be appreciated! From my understanding of this thread, that'd be the base MF, but perhaps I'm wrong.
Thanks in advance for your help!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Location: New York City
WRX base (6-spd manual): 36month, 10k vs 15k
WRX Premium (6-spd manual): 36month, 10k vs 15k
WRX Limited w/ NaV, Keyless, Etc (6-spd manual): 36 month, 10k vs 15k
Thank you in advance.
Base 63% and .00180
Premium 60% and .00172
Limited 59% and .00155
Add 3% for 10K miles per year
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Location: Orange County, CA (Irvine)
WRX base (6-spd manual): 36/12
WRX Premium (6-spd manual): 36/12
Thank you
Premium: .00172 MF and 62% residual
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CVT on all trims. Thanks!
69% Premium
68% Limited
Base model doesn't come with CVT
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Yep --- Subaru really wants you to lease the WRX for 36 months, it seems.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Even so, their 36 month rates are pretty miserable. I guess they don't have much trouble selling these cars. Thanks.
Sad, but oh so true. I see the same thing for other popular makes and models.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
Limited .00155 and 61%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can you tell me what the money factor and residual is for 36 months at 10,000 miles on a Limited manual? I factory ordered mine in March and it's about a week from arrival, I'm planning to lease for 3 years and follow up with a purchase after the lease runs out (balloon financing basically).
I calculate the MF is something like .00114?
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10K miles, 36 months
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
msrp 27900
downpayment 3k tags fees and 1st month payment
RV 65%
MF .00180
monthly payment $335 with PA tax included.