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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
Sometimes, they offer those tax credits to the consumer, as a lease incentive.. but, I'm not sure how or when they do that...
I am sure that you aren't entitled to a tax credit from the state.. unfortunately...
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Is this a good deal for NJ on a 2015 X5 lease? From the numbers I plugged into my spreadsheet, it looks too good to be true unless I am missing something.
MSRP: 62600 (Mineral White Metallic with Mocha Dakota interior, includes Premium Package, Cold Weather Package, Driver Assistance Package, Poplar wood trim, running boards, chrome line exterior, destination charge of $950)
Selling Price - $57,495
Cap Costs - $57,774 (includes vin etching)
Residual - Set at 58% for the 36 month/12k mile per year term by BMW monthly, which for this vehicle comes to $36,308
Money Factor - Base money factor currently available at 0.00129.
$4250 due at signing
$718 - First month's payment
$1808 - Sales Tax
$795 - BMW Lease Acquisition Fee
$312 - Estimated Motor Vehicle Fee
$6 - NJ Tire Tax
$299 - Doc Fee
$230 - NJ Luxury Tax
$77 - Tax on Fees
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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
Net cap cost : 57774, Residual = 58%. Residual value = 62600*.58 = 36308
Depreciation = 21466 (57774 - 36308)
Finance charge = 4369 = (57774 + 36308) * 0.00129 * 36
Lease cost = 21466 + 4369 = 25835
Per mo = 25835/36 = 717.63 (Sales tax is due upfront so not taken into account for per mo charge)
Do you mind sharing how you arrived at 672?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Here are the specsL
MSRP: 62600 (Mineral White Metallic with Mocha Dakota interior, includes Premium Package, Cold Weather Package, Driver Assistance Package, Poplar wood trim, running boards, chrome line exterior, destination charge of $950)
Selling Price - $57,495
Cap Costs - $57,774 (includes vin etching)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Selling price = 79,600 (could only get 3.5% below MSRP)
Bank fee = 990
Lic & Reg = 600
Doc Fee = 80
7 x MSD = 7,350
Payment before tax = 962
Thanks! I am getting a MF of .0008 and 59% residual. So is this legit? How much better can it get?
Are you adding in the fees to the selling price or not? Together, that adds up to about $47/mo on the lease.
Bank fee is marked up, as well - base is $795 from BMWFS.
X5's are popular and it's harder to get a discount on them like on other models (5-7% discount from MSRP is typical for 3-series, for example)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Should the bank fee be included in the net cap? Otherwise, everything else looks kosher in this quote?
Thanks!...
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm also not sure why MSD is $7350. It should be $7000 (based on your payment of 962 round up to 1000 x 7).
You can do at invoice or below invoice deals in NY/NJ region. I got my X5 at invoice few months ago. If you attend Ultimate Driving event before placing the order it will give you another $1000 credit towards lease/purchase of any new BMW.
Run some numbers on my app (Leasematic) and this is what I get (need to know your State and tax rate):
Also, I will check out your app. Thanks again!...
Thanks!
A maximum of 7 MSDs are allowed, each of which reduce the MF by .00007.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Wanted to share what I picked up two weeks ago in NJ.
2015 xDrive35i
xLine
Dark Graphite Metallic
Mocha Nappa Leather
Brushed Aluminum Trim
Cold Weather Package
Mocha Interior Design Package
Luxury Seating Package
Premium Package
Rear manual side window shades
Harman Kardon
Rear view camera
Surround View
MSRP: 68,875 (with destination charge of $950)
I was able to get $1k below invoice, plus take advantage of the $1k credit from the BMW Ultimate Driving event.
All said and done with MSDs, no cash down at signing other than the usual fees and MSDs - $735 a month with tax included for a 36 month / 12k/yr.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Two of you above mention this credit, can you explain what this event is?
As for the ultimate driving event, here is the link.
Basically, when you go and register, 24 hours later, BMW will send you via email, a unique code for $1k towards the lease or purchase.
https://ude.bmwusa.com
Thanks
X5 50i for 36 months 10k miles.
Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Price of the car $61,650.
Base price 56,200 plus cold weather package 550,
plus driver assistance package 1400 plus premium package 2500.
Monthly payment with no down is $850 including tax in Michigan. Start up payment is $1140 includes first month payment, registration and license fee. This is for 36/15k
Don't know any more details. Thoughts on the deal?
Btw the dealer told me June numbers are identical to May.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Really need to know the selling price and CAP cost. Plus, ask for the money factor they are using.
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I have been offered following deal on bmw x5
MSRP: $63,550
Sale Price: $59,000
Term: 36 months, 10,000 miles per year, first payment due of 808.99 only at singing includes all bank fees and etc.. registration not included (close to $1200 in NE!!!! HEFTY
Monthly Payment: $756.07 ($808.99 w/ 7% sales tax)
The other option is SD of $5600 and than MF drops from .00128 to .00079.
Total due at signing would be $6,357.76 with first month payment included ($757.76) including the 7% sales tax and than remains 35 payments of 757.76
How does this sound? This is my first time leasing and kinda nervous
Thank you!!
The reduction for MSDs also looks correct (and, a smart move).
The discount looks good, especially with no markups to the money factor. The only way to go lower is to negotiate a lower selling price.
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Net cap cost : 59000 (selling price), Residual = 59%. Residual value = 63550*59 = 37494
Depreciation = 21506 (59000 - 37494)
Finance charge = 2744 = (59000 + 37494) * 0.00079 * 36
Lease cost = 21506 + 2744 = 24250
Per mo = 24250/36 = 673 + Tax (7%) = 720 per month. Due at signing, I am responsible for first month + $1200 license plates and of course SD $5600.
Pl let me know if this is incorrect, coz i am given rate of $757/month with SD option
But, your math is correct, if the CAP is the same as the selling price.
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Thank you so much!
In theory, you should be able to make a better deal on an in-stock unit.
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Just want to confirm..
MF; .00128 or 129?
RV: 36/12k - 58%?
Same as last month or any change?
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Here is the structure of the lease on a new X5 MSRP $63,650 :
Sales Price - $60,650 (5% discount)
58% Residual based on 12,000 miles/year
$4,000 down + 1st pymt/reg fee
$27,000 for your Q50
$38,150 - Payoff
Pymt - $1,129/month
* includes all tax, title, license
* includes GAP insurance
She is saying that the MF is .00169 not .00128 which is the Buy Factor that BMW never negotiates. I find that hard to believe. Also, if I registered for the drive event I would get another $1K off the sales price.
Thoughts? I am getting around $1150 all in with nothing out of pocket. So with taxes down of $2070 or so would get me to $1090.
Thanks!
But, yes.. the base money factor is .00128. Plenty of people get the base MF (though not most). That's adding about $50/mo. to the payment
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