2015 Subaru Impreza Lease Questions

ahydrie

kyfdx said:

ahydrie said:

Could you please share the residual, money factor and any incentives for a 36/12000 lease in Ann Arbor, MI for -
1. 2015 Impreza 2.0i 5-door automatic
2. 2015 Impreza 2.0i Premium 5-door automatic

I believe the 2016 models come out next month. Is it worth waiting till next month for additional closeout deals/incentives on the 2015 models?

Thanks!

1) .00020 MF and 59% residual
2) .00020 MF and 57% residual

No idea on what might happen next month

Thank you! I looked at current incentives on this model on Edmunds, and it's reporting the following lease incentive on the premium model - $600 dealer contribution and $250 lease cash.

The dealer is currently willing to go about $1000 below msrp ($22,964) on a car on his lot. Is it reasonable to ask him to additionally pass on the savings from lease cash and dealer contribution? I.e. reduce the price a further $850?

kyfdx

ahydrie said:

kyfdx said:

ahydrie said:

Could you please share the residual, money factor and any incentives for a 36/12000 lease in Ann Arbor, MI for -
1. 2015 Impreza 2.0i 5-door automatic
2. 2015 Impreza 2.0i Premium 5-door automatic

I believe the 2016 models come out next month. Is it worth waiting till next month for additional closeout deals/incentives on the 2015 models?

Thanks!

1) .00020 MF and 59% residual
2) .00020 MF and 57% residual

No idea on what might happen next month

Thank you! I looked at current incentives on this model on Edmunds, and it's reporting the following lease incentive on the premium model - $600 dealer contribution and $250 lease cash.

The dealer is currently willing to go about $1000 below msrp ($22,964) on a car on his lot. Is it reasonable to ask him to additionally pass on the savings from lease cash and dealer contribution? I.e. reduce the price a further $850?

No clue on price. Check the Make/Model/Year tabs at the top of the page for pricing information.

m400_m400

Hi, could you estimate a realistic monthly lease for an Impreza premium automatic in Maryland? Assuming the following:
MSRP = $23,009
Sell price = $21,840 (per True Car)
36 months
12,000 miles/yr
Credit = excellent
cash/trade down = $2000

Thanks

Michaell

m400_m400 said:

Hi, could you estimate a realistic monthly lease for an Impreza premium automatic in Maryland? Assuming the following:
MSRP = $23,009
Sell price = $21,840 (per True Car)
36 months
12,000 miles/yr
Credit = excellent
cash/trade down = $2000

Thanks

4-door or 5-door?

How is the tax being handled? MD is one of a few states that applies sales tax to the entire selling price. Not sure that the $2000 at signing will cover taxes plus all the other up front costs (bank fee, dealer fee, license costs).

dobeonguard

Hello, can I get the MF and residual for a 15 Impreza 5dr Sport Premium with CVT for NE Ohio for the month of October? 36mo 12k/yr with tier one credit.

Michaell

dobeonguard said:

Hello, can I get the MF and residual for a 15 Impreza 5dr Sport Premium with CVT for NE Ohio for the month of October? 36mo 12k/yr with tier one credit.

No October numbers yet for Subaru. Perhaps later this week.

dobeonguard

Any word yet if the numbers will be different for October?

Michaell

dobeonguard said:

Hello, can I get the MF and residual for a 15 Impreza 5dr Sport Premium with CVT for NE Ohio for the month of October? 36mo 12k/yr with tier one credit.

56% and .00025

moorejazzbass

Can I please get the MF and residual for a 2015/ 16 impreza hatch sport premium 10k/12k for 36 mo respectively in MA.. Thanks!

Michaell

moorejazzbass said:

Can I please get the MF and residual for a 2015/ 16 impreza hatch sport premium 10k/12k for 36 mo respectively in MA.. Thanks!

36/12 numbers

2016 Impreza Sport Premium Hatch - 59% and .00060
2015 Impreza Sport Premium Hatch - 56% and .00025

Add 1% for 10K

moorejazzbass

Thanks

mindovermetal

This forum is great, and I'm so glad I stumbled upon it! Here's what I'm looking for:

2016 Impreza Premium Hatchback Automatic
Burlington, Vermont and Manchester, NH are likely purchase locations
36mo/10k lease
$22390 MSRP
At most $21823 sell cost ("employee pricing" …I'm gonna haggle down a bit)
Credit score between 705-720 (depending on where you look)
~$2000 on trade-in

Could I please get the MF, residual value, and likely lease payments on this car for the two locations? Thanks!

Michaell

mindovermetal said:

This forum is great, and I'm so glad I stumbled upon it! Here's what I'm looking for:

2016 Impreza Premium Hatchback Automatic
Burlington, Vermont and Manchester, NH are likely purchase locations
36mo/10k lease
$22390 MSRP
At most $21823 sell cost ("employee pricing" …I'm gonna haggle down a bit)
Credit score between 705-720 (depending on where you look)
~$2000 on trade-in

Could I please get the MF, residual value, and likely lease payments on this car for the two locations? Thanks!

61% and .00090

Using the MSRP and sell price, I get a pre-tax payment of $258.74.

mindovermetal

Here's the latest update. Does this all sound like it jibes? This offer is from Twin City Subaru in Montpelier, VT. We're now looking at a 2015 Impreza Hatchback Premium with CVT and All-Weather Floor Mats added. I think MSRP is $22362.

Thanks again!

We can sell you the car for $21,447 plus fees. The Net Cap is just under $21,600 and your money factor of .0009 is lower than what Subaru is offering at this point. Discounting the car like we have means that we can show you $1,500 for your trade. Showing you more for your trade against MSRP or a discount off MSRP and less for your trade, the payments come out the same. The payments on the car you are interested in come out to $259 a month with zero down and 10.000 miles a year including fees. We do not sent copies or scan invoices for the purpose of allowing customers to shop our numbers. We do what we can to help customers over the internet because we understand people are busy, but at some point we need to finalize a deal at the dealership so that there are no misunderstandings. I feel we have been helpful and understanding of your situation. Please call me when convenient for you.

Michaell

mindovermetal said:

Here's the latest update. Does this all sound like it jibes? This offer is from Twin City Subaru in Montpelier, VT. We're now looking at a 2015 Impreza Hatchback Premium with CVT and All-Weather Floor Mats added. I think MSRP is $22362.

Thanks again!

We can sell you the car for $21,447 plus fees. The Net Cap is just under $21,600 and your money factor of .0009 is lower than what Subaru is offering at this point. Discounting the car like we have means that we can show you $1,500 for your trade. Showing you more for your trade against MSRP or a discount off MSRP and less for your trade, the payments come out the same. The payments on the car you are interested in come out to $259 a month with zero down and 10.000 miles a year including fees. We do not sent copies or scan invoices for the purpose of allowing customers to shop our numbers. We do what we can to help customers over the internet because we understand people are busy, but at some point we need to finalize a deal at the dealership so that there are no misunderstandings. I feel we have been helpful and understanding of your situation. Please call me when convenient for you.

Given that I calculated $259/mo before tax and this latest offer shows $259/mo with tax, I think it looks pretty good.

I find it funny that they quote the .00090 MF as "lower than what Subaru is offering" - it's the base rate.

How is the trade equity of $1500 being applied? Up front fees, or is some of it going to cap cost reduction?

mindovermetal

Michaell said:

mindovermetal said:

Here's the latest update. Does this all sound like it jibes? This offer is from Twin City Subaru in Montpelier, VT. We're now looking at a 2015 Impreza Hatchback Premium with CVT and All-Weather Floor Mats added. I think MSRP is $22362.

Thanks again!

We can sell you the car for $21,447 plus fees. The Net Cap is just under $21,600 and your money factor of .0009 is lower than what Subaru is offering at this point. Discounting the car like we have means that we can show you $1,500 for your trade. Showing you more for your trade against MSRP or a discount off MSRP and less for your trade, the payments come out the same. The payments on the car you are interested in come out to $259 a month with zero down and 10.000 miles a year including fees. We do not sent copies or scan invoices for the purpose of allowing customers to shop our numbers. We do what we can to help customers over the internet because we understand people are busy, but at some point we need to finalize a deal at the dealership so that there are no misunderstandings. I feel we have been helpful and understanding of your situation. Please call me when convenient for you.

Given that I calculated $259/mo before tax and this latest offer shows $259/mo with tax, I think it looks pretty good.

I find it funny that they quote the .00090 MF as "lower than what Subaru is offering" - it's the base rate.

How is the trade equity of $1500 being applied? Up front fees, or is some of it going to cap cost reduction?

Good question there—I'm asking now. Is it better to apply as a cap cost reduction? And is it necessarily better for them to show me more for my trade against MSRP, or a discount off MSRP and less for my trade? I really thought my monthly payments might get closer to $200/mo, but I guess that's not possible with more money down, yeah?

Michaell

mindovermetal said:

Michaell said:

mindovermetal said:

Here's the latest update. Does this all sound like it jibes? This offer is from Twin City Subaru in Montpelier, VT. We're now looking at a 2015 Impreza Hatchback Premium with CVT and All-Weather Floor Mats added. I think MSRP is $22362.

Thanks again!

We can sell you the car for $21,447 plus fees. The Net Cap is just under $21,600 and your money factor of .0009 is lower than what Subaru is offering at this point. Discounting the car like we have means that we can show you $1,500 for your trade. Showing you more for your trade against MSRP or a discount off MSRP and less for your trade, the payments come out the same. The payments on the car you are interested in come out to $259 a month with zero down and 10.000 miles a year including fees. We do not sent copies or scan invoices for the purpose of allowing customers to shop our numbers. We do what we can to help customers over the internet because we understand people are busy, but at some point we need to finalize a deal at the dealership so that there are no misunderstandings. I feel we have been helpful and understanding of your situation. Please call me when convenient for you.

Given that I calculated $259/mo before tax and this latest offer shows $259/mo with tax, I think it looks pretty good.

I find it funny that they quote the .00090 MF as "lower than what Subaru is offering" - it's the base rate.

How is the trade equity of $1500 being applied? Up front fees, or is some of it going to cap cost reduction?

Good question there—I'm asking now. Is it better to apply as a cap cost reduction? And is it necessarily better for them to show me more for my trade against MSRP, or a discount off MSRP and less for my trade? I really thought my monthly payments might get closer to $200/mo, but I guess that's not possible with more money down, yeah?

We do not recommend using trade equity as cap cost reduction - if the car is stolen or totaled, you lose that money. Better to use it to cover your up front costs - bank fee, dealer fee, first payment, etc.

Regarding trade value vs. discount, it's all the same in the end.

$200/mo for a Subaru seems pretty unlikely. If not, I would have leased one 2 years ago.

mindovermetal

Michaell said:

mindovermetal said:

Michaell said:

mindovermetal said:

Here's the latest update. Does this all sound like it jibes? This offer is from Twin City Subaru in Montpelier, VT. We're now looking at a 2015 Impreza Hatchback Premium with CVT and All-Weather Floor Mats added. I think MSRP is $22362.

Thanks again!

We can sell you the car for $21,447 plus fees. The Net Cap is just under $21,600 and your money factor of .0009 is lower than what Subaru is offering at this point. Discounting the car like we have means that we can show you $1,500 for your trade. Showing you more for your trade against MSRP or a discount off MSRP and less for your trade, the payments come out the same. The payments on the car you are interested in come out to $259 a month with zero down and 10.000 miles a year including fees. We do not sent copies or scan invoices for the purpose of allowing customers to shop our numbers. We do what we can to help customers over the internet because we understand people are busy, but at some point we need to finalize a deal at the dealership so that there are no misunderstandings. I feel we have been helpful and understanding of your situation. Please call me when convenient for you.

Given that I calculated $259/mo before tax and this latest offer shows $259/mo with tax, I think it looks pretty good.

I find it funny that they quote the .00090 MF as "lower than what Subaru is offering" - it's the base rate.

How is the trade equity of $1500 being applied? Up front fees, or is some of it going to cap cost reduction?

Good question there—I'm asking now. Is it better to apply as a cap cost reduction? And is it necessarily better for them to show me more for my trade against MSRP, or a discount off MSRP and less for my trade? I really thought my monthly payments might get closer to $200/mo, but I guess that's not possible with more money down, yeah?

We do not recommend using trade equity as cap cost reduction - if the car is stolen or totaled, you lose that money. Better to use it to cover your up front costs - bank fee, dealer fee, first payment, etc.

Regarding trade value vs. discount, it's all the same in the end.

$200/mo for a Subaru seems pretty unlikely. If not, I would have leased one 2 years ago.

Applying it to the up-front fees, not net cap reduction. And actually, they gave me a MF of 0.0007, so that's a bit lower. It's still a good deal if my monthly payments are $259, right?

Michaell

mindovermetal said:

Michaell said:

mindovermetal said:

Michaell said:

mindovermetal said:

Here's the latest update. Does this all sound like it jibes? This offer is from Twin City Subaru in Montpelier, VT. We're now looking at a 2015 Impreza Hatchback Premium with CVT and All-Weather Floor Mats added. I think MSRP is $22362.

Thanks again!

We can sell you the car for $21,447 plus fees. The Net Cap is just under $21,600 and your money factor of .0009 is lower than what Subaru is offering at this point. Discounting the car like we have means that we can show you $1,500 for your trade. Showing you more for your trade against MSRP or a discount off MSRP and less for your trade, the payments come out the same. The payments on the car you are interested in come out to $259 a month with zero down and 10.000 miles a year including fees. We do not sent copies or scan invoices for the purpose of allowing customers to shop our numbers. We do what we can to help customers over the internet because we understand people are busy, but at some point we need to finalize a deal at the dealership so that there are no misunderstandings. I feel we have been helpful and understanding of your situation. Please call me when convenient for you.

Given that I calculated $259/mo before tax and this latest offer shows $259/mo with tax, I think it looks pretty good.

I find it funny that they quote the .00090 MF as "lower than what Subaru is offering" - it's the base rate.

How is the trade equity of $1500 being applied? Up front fees, or is some of it going to cap cost reduction?

Good question there—I'm asking now. Is it better to apply as a cap cost reduction? And is it necessarily better for them to show me more for my trade against MSRP, or a discount off MSRP and less for my trade? I really thought my monthly payments might get closer to $200/mo, but I guess that's not possible with more money down, yeah?

We do not recommend using trade equity as cap cost reduction - if the car is stolen or totaled, you lose that money. Better to use it to cover your up front costs - bank fee, dealer fee, first payment, etc.

Regarding trade value vs. discount, it's all the same in the end.

$200/mo for a Subaru seems pretty unlikely. If not, I would have leased one 2 years ago.

Applying it to the up-front fees, not net cap reduction. And actually, they gave me a MF of 0.0007, so that's a bit lower. It's still a good deal if my monthly payments are $259, right?

If you're comfortable with the selling price and the payment, no reason not to pull the trigger.

I don't make decisions about other peoples money.

stevied7

Hi,
We're looking at a 2015 Impreza Limited w/moonroof pkg. Sticker is around 24,800. Can confirm the current MF and residual in northern NJ? 36month, 12K/yr. Thanks!!

Michaell

stevied7 said:

Hi,
We're looking at a 2015 Impreza Limited w/moonroof pkg. Sticker is around 24,800. Can confirm the current MF and residual in northern NJ? 36month, 12K/yr. Thanks!!

Sedan or hatch?

stevied7

Michaell said:

stevied7 said:

Hi,
We're looking at a 2015 Impreza Limited w/moonroof pkg. Sticker is around 24,800. Can confirm the current MF and residual in northern NJ? 36month, 12K/yr. Thanks!!

Sedan or hatch?

Sedan.

kyfdx

stevied7 said:

Michaell said:

stevied7 said:

Hi,
We're looking at a 2015 Impreza Limited w/moonroof pkg. Sticker is around 24,800. Can confirm the current MF and residual in northern NJ? 36month, 12K/yr. Thanks!!

Sedan or hatch?

Sedan.

.00020 MF and 55% residual.

stevied7

This is so helpful. Thanks very much. Can you also please share the MF and residual on 2015 Impreza Premium sedan, 12k, 36 month, northern NJ?

kyfdx

stevied7 said:

This is so helpful. Thanks very much. Can you also please share the MF and residual on 2015 Impreza Premium sedan, 12k, 36 month, northern NJ?

.00020 MF and 55% residual

tonka858

What is expected payment in CA for 2015 Subaru Impreza 2.0i Sport Limited 5dr selling price 26,100
3 year 12k miles
thanks

Michaell

tonka858 said:

What is expected payment in CA for 2015 Subaru Impreza 2.0i Sport Limited 5dr selling price 26,100
3 year 12k miles
thanks

Need to know the MSRP.

36/12 lease numbers are 55% and .00020

tonka858

Michaell said:

tonka858 said:

What is expected payment in CA for 2015 Subaru Impreza 2.0i Sport Limited 5dr selling price 26,100
3 year 12k miles
thanks

Need to know the MSRP.

36/12 lease numbers are 55% and .00020

$27,887
MSRP
thanks

Michaell

tonka858 said:

What is expected payment in CA for 2015 Subaru Impreza 2.0i Sport Limited 5dr selling price 26,100 3 year 12k miles thanks

Need to know the MSRP. 36/12 lease numbers are 55% and .00020

$27,887 MSRP thanks

$307.24 plus tax with those numbers 

tonka858

Michaell said:

tonka858 said:

Michaell said:

tonka858 said:

What is expected payment in CA for 2015 Subaru Impreza 2.0i Sport Limited 5dr selling price 26,100
3 year 12k miles
thanks

Need to know the MSRP.

36/12 lease numbers are 55% and .00020

$27,887
MSRP
thanks

$307.24 plus tax with those numbers 

What they quote seems to high waiting for them to give me cap cost
I did get msrp down some more.25,963
2015 Impreza Sport Limited with $1000 drive off and 36mo/12000 miles/yr = $343 including San Diego County Tax. This is based on living in San Diego as some cities will vary.

that is with MF of 00020

tonka858

Can you also post new numbers on 2015 and 2016 thanks

verinox

Looking for 2016 Subaru Impreza numbers at 36/12:

Sedan: Premium
Hatch: Premium and Sport Premium

Thanks!

kyfdx

verinox said:

Looking for 2016 Subaru Impreza numbers at 36/12:

Sedan: Premium
Hatch: Premium and Sport Premium

Thanks!

Sedan Premium: .00030 MF and 55% residual
Hatch Premium: .00055 MF and 58% residual
Hatch Sp/premium: .00045 MF and 56% residual

Michaell

tonka858 said:

Can you also post new numbers on 2015 and 2016 thanks

Impreza Sport Limited 5-door 36/12:

2015 - 52% and .00020
2016 - 55% and .00020

tonka858

Anyone looking finding any 16 5dr? Dealer told me nothing showing up for 6 weeks in so cal

Michaell

tonka858 said:

Anyone looking finding any 16 5dr? Dealer told me nothing showing up for 6 weeks in so cal

Subaru is choosing not to expand production, so I can't say I'm surprised that some models are harder to find than others.

And, I would think that CA is not a primary market for them, either.

di3_s31

This forum has been so helpful.

Can you share the MF and residual for a 2016 2.0i 5 door?

Here is the offer I was given - what would the expected lease payment be?

MSRP $20,910
Sales Price $20,000
3 year/12k miles
$0 down (except 1st month, title, etc.)
9% sales tax

$268.78 / month

Thank you for the help!

Michaell

di3_s31 said:

This forum has been so helpful.

Can you share the MF and residual for a 2016 2.0i 5 door?

Here is the offer I was given - what would the expected lease payment be?

MSRP $20,910
Sales Price $20,000
3 year/12k miles
$0 down (except 1st month, title, etc.)
9% sales tax

$268.78 / month

Thank you for the help!

Manual or CVT transmission? The lease numbers are different...

di3_s31

CVT. Thanks!

Michaell

di3_s31 said:

This forum has been so helpful.

Can you share the MF and residual for a 2016 2.0i 5 door CVT?

Here is the offer I was given - what would the expected lease payment be?

MSRP $20,910
Sales Price $20,000
3 year/12k miles
$0 down (except 1st month, title, etc.)
9% sales tax

$268.78 / month

Thank you for the help!

60% and .00070.

Your prices and tax rate calculate to a payment of $250.52/mo.

I would ask the dealer what the net cap cost is - if higher than the selling price, find out what's been added (bank fee, dealer fee, etc.)

di3_s31

Michaell said:

di3_s31 said:

This forum has been so helpful.

Can you share the MF and residual for a 2016 2.0i 5 door CVT?

Here is the offer I was given - what would the expected lease payment be?

MSRP $20,910
Sales Price $20,000
3 year/12k miles
$0 down (except 1st month, title, etc.)
9% sales tax

$268.78 / month

Thank you for the help!

60% and .00070.

Your prices and tax rate calculate to a payment of $250.52/mo.

I would ask the dealer what the net cap cost is - if higher than the selling price, find out what's been added (bank fee, dealer fee, etc.)

Thank you for the numbers (and advice)!

gettingacar

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

Michaell

gettingacar said:

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

36/15 numbers - 58% and .00070. Add 2% for 12K.

Get the dealer to provide you a specific breakdown of the upfront costs.

Using your prices, I get a payment of $236/mo + tax.

gettingacar

Michaell said:

gettingacar said:

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

36/15 numbers - 58% and .00070. Add 2% for 12K.

Get the dealer to provide you a specific breakdown of the upfront costs.

Using your prices, I get a payment of $236/mo + tax.

Thank you for the information! I'm wondering if I'm using the same equations as you, because I'm getting about $50 less, also without tax. If you don't mind sharing, would you tell me what equations you're using?

kyfdx

gettingacar said:

Michaell said:

gettingacar said:

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

36/15 numbers - 58% and .00070. Add 2% for 12K.

Get the dealer to provide you a specific breakdown of the upfront costs.

Using your prices, I get a payment of $236/mo + tax.

Thank you for the information! I'm wondering if I'm using the same equations as you, because I'm getting about $50 less, also without tax. If you don't mind sharing, would you tell me what equations you're using?

http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1

gettingacar

kyfdx said:

gettingacar said:

Michaell said:

gettingacar said:

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

36/15 numbers - 58% and .00070. Add 2% for 12K.

Get the dealer to provide you a specific breakdown of the upfront costs.

Using your prices, I get a payment of $236/mo + tax.

Thank you for the information! I'm wondering if I'm using the same equations as you, because I'm getting about $50 less, also without tax. If you don't mind sharing, would you tell me what equations you're using?

http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1

Thanks for the response! Yes, that is the same equations I'm using. I'm still getting a $50 difference. Here's my math:

MSRP = $20590
Negotiated Price = $19648
Down Payment = $2000
Cap cost = $17648

Residual Value: 20590 x 0.58 = 11942.20
Total Depreciation: 17648 - 11942.20 = 5705.80
Monthly Depreciation: 5705.80 / 36 = 158.49
Interest Charges: 17648 + 11942.20 = 29590.2 x 0.00070 = 20.71
Monthly Payment: 158.49 + 20.71 = 179.20

So my monthly payments come out to be $179.20 + tax. Please correct me if I'm wrong?

Michaell

gettingacar said:

kyfdx said:

gettingacar said:

Michaell said:

gettingacar said:

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

36/15 numbers - 58% and .00070. Add 2% for 12K.

Get the dealer to provide you a specific breakdown of the upfront costs.

Using your prices, I get a payment of $236/mo + tax.

Thank you for the information! I'm wondering if I'm using the same equations as you, because I'm getting about $50 less, also without tax. If you don't mind sharing, would you tell me what equations you're using?

http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1

Thanks for the response! Yes, that is the same equations I'm using. I'm still getting a $50 difference. Here's my math:

MSRP = $20590
Negotiated Price = $19648
Down Payment = $2000
Cap cost = $17648

Residual Value: 20590 x 0.58 = 11942.20
Total Depreciation: 17648 - 11942.20 = 5705.80
Monthly Depreciation: 5705.80 / 36 = 158.49
Interest Charges: 17648 + 11942.20 = 29590.2 x 0.00070 = 20.71
Monthly Payment: 158.49 + 20.71 = 179.20

So my monthly payments come out to be $179.20 + tax. Please correct me if I'm wrong?

I agree with your math.

However, I would confirm with the dealer that the entire $2000 up front will go to cap cost reduction. There are other up front costs - bank fee, dealer fee, first payment - that need to be covered as well.

gettingacar

Michaell said:

gettingacar said:

kyfdx said:

gettingacar said:

Michaell said:

gettingacar said:

Hi,

I'm looking for a 2016 2.0i 5 door CVT in MA.

MSRP = $20590
I want to negotiate to about $19648 (TrueCar Estimate found in my area)
3 year/12k miles OR 3 year/15k miles (preferred)
$2000 down (what I want to pay to go out the door)

This is my first time car shopping so I kind of want to check my own calculations in accordance with the numbers that have already been presented as well as ask if this deal would even be possible.

Thanks in advance!!

36/15 numbers - 58% and .00070. Add 2% for 12K.

Get the dealer to provide you a specific breakdown of the upfront costs.

Using your prices, I get a payment of $236/mo + tax.

Thank you for the information! I'm wondering if I'm using the same equations as you, because I'm getting about $50 less, also without tax. If you don't mind sharing, would you tell me what equations you're using?

http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1

Thanks for the response! Yes, that is the same equations I'm using. I'm still getting a $50 difference. Here's my math:

MSRP = $20590
Negotiated Price = $19648
Down Payment = $2000
Cap cost = $17648

Residual Value: 20590 x 0.58 = 11942.20
Total Depreciation: 17648 - 11942.20 = 5705.80
Monthly Depreciation: 5705.80 / 36 = 158.49
Interest Charges: 17648 + 11942.20 = 29590.2 x 0.00070 = 20.71
Monthly Payment: 158.49 + 20.71 = 179.20

So my monthly payments come out to be $179.20 + tax. Please correct me if I'm wrong?

I agree with your math.

However, I would confirm with the dealer that the entire $2000 up front will go to cap cost reduction. There are other up front costs - bank fee, dealer fee, first payment - that need to be covered as well.

Thank you so much! This has been a tremendous help. Keep up the good work!

blakeyblakey19

This forum is incredibly helpful.

I live in northern Virginia and am negotiating a lease on a 2016 5-dr Impreza Sport Premium, w/ CVT. MSRP is 23564, with .60 residual at 14,138.40. They're offering a money factor of .00130, which seems a bit high. The net capital cost is around 23906.72.

The lease term is 36 months at 10K miles/ year.

What do you believe the MF and residual should be?

Thank you in advance for your help.

kyfdx

blakeyblakey19 said:

This forum is incredibly helpful.

I live in northern Virginia and am negotiating a lease on a 2016 5-dr Impreza Sport Premium, w/ CVT. MSRP is 23564, with .60 residual at 14,138.40. They're offering a money factor of .00130, which seems a bit high. The net capital cost is around 23906.72.

The lease term is 36 months at 10K miles/ year.

What do you believe the MF and residual should be?

Thank you in advance for your help.

.00070 MF and 60% residual.