Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
A reporter would like to speak with you about your experience; please reach out to PR@Edmunds.com by 7/22 for details.
Options
Comments
What lease term and how many miles per year is this for?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The $32.75 is the interest ('rent charge' in lease speak). It is calculated as the sum of the cap cost and residual amount (the $79,884), multiplied by the money factor (.00041). However, that MF is marked up - the base MF for the MDX this month is .00020.
If I use the base MF with your prices, I get $576.29/mo; I am within .01 of the dealer quote if I use the marked up MF, so that is adding about $16/mo to your payment.
Politely but firmly tell the dealer you won't sign a deal with a marked up MF; they know what the base rate is.
36/12 residual would be 56%
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What lease term and how many miles per year?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also, where do accessories fit into equation - eg, all weather mats, roof rack, etc from dealer?
Are these added to cap cost and residualized so you only end up paying for the 42% you use over 3 years, or do you end up paying for entire cost?
Thanks!!
Accessories are not subject to residual; you will pay for 100% of them over the lease term.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am looking at 2016 Acura MDX Advance All wheel Drive. Can you please provide what would be the Lease price per month with no down payment.... Dealer gave me below sale price info. Sales tax is 6.75% in my place.
Lease term 36 months with 12k miles per year.
Purchase Price = 52915
Doc Fee = 250
Tax = 16.88
Non Tax fees = 33.81
--------------------------
Final Sale Price = 53215.69
Dealer quoted- Lease per month =$660 per month . Dealer told me ,he added 1435 flex cash to get us here.
I need to pay first month installment at time to leasing.
Can you please give me your number ...
Lease per month = ?
Residual Value after 36 months = ?
Thanks,
Vikram
We got a heated steering wheel and all-weather mats thrown in for good measure.
thanks again for all the help!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
This are updated number 2WD with tech
MSRP $48,210.00
Lease price $42,879.00
adjusted cap cost $43,794
12K/36m
What monthly payment would that be?
In addition:
- Can someone let me know a little about the sign & drive program (I understand that the MF is lower - .0001 vs .0002), which the dealer confirmed, but they're asking me for 1st month payment up front. I seem to recall reading that the dealer pays the first payment and I would walk away with zero out of pocket and 35 payments remaining.
- Is there any lease cash available now, and if so, are there specific terms needed to qualify?
- Roughly, what should the cost be to have a remote started added?
Thanks!adjusted cap cost =2016 MDX/Advance - $53,809.77... Can you please provide the Monthly payment for 36/12K.
Thanks!
I'm currently emailing with a dealer about leasing a 2016 SH-AWD Advance. I was initially quoted a purchase price of $50,950. I asked for a monthly payment on a sign and drive 36/10 lease and was quoted $647/mo (includes 9% sales tax for Los Angeles County).
I pushed for details and the residual is 57% and MF .0002, although I understand it should be .0001 - is there some magic phase to use other than "sign and drive" to get that rate? He dodged my request for a breakdown of fees, just said that there was a $595 bank fee the payment he quoted included all the fees. Even using the higher .0002 MF, I calculate that he has added $1820 to original price quoted. Does this seem excessive, since this wouldn't include sales tax?
Finally, I am currently leasing a 2013 MDX, which I won't be trading in. What kind of loyalty incentives are available?
Thank you!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
1. Sign and drive requires the dealer to cover the first payment
2. $1000 - but, this is a factory to dealer incentive. Use this knowledge to negotiate your best price
3. No idea.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00020 and 56%
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If the dealer is being evasive about the fees, it's time to start working with another dealer. Only takes one to meet your numbers.
There is a $595 bank fee, and some miscellaneous CA DMV and dealer cost (doc fee of $80, for example). But, no first payment due on sign and drive.
No loyalty incentives on the MDX.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks. So is he first payment effectively rolled into the cost of the lease? Just trying to understand the difference if I'm being asked to pay it at signing (what they're telling me) vs. having the "dealer cover it."
Dealer was discounting the MSRP about 4.5%, which seemed about in line with what TrueCar and some other sources were showing as a price. Just trying to better unders
Thanks. So is he first payment effectively rolled into the cost of the lease? Just trying to understand the difference if I'm being asked to pay it at signing (what they're telling me) vs. having the "dealer cover it."
Dealer was discounting the MSRP about 4.5%, which seemed about in line with what TrueCar and some other sources were showing as a price. Just trying to better understand the terms.
To elaborate a bit more, we were in the dealership over the weekend and we signed initial paperwork, one form being the sheet that shows MSRP, Cap Cost, Term, Monthly payment, etc. One signature on that. The second form was a credit check I believe. We have not yet taken delivery or signed anything with finance. The dealer charged my credit card the amount of the first month's payment.
Rough numbers, from what I recall, were as follows:
MDX AWD Tech in NJ
36mo, 12k miles
MSRP $50380
Cap Cost approx $48000
Dealer paying last 2 pmts of my existing lease ($840 total)
Dealer added remote start @ cost of $890 (i don't think it's reflected in the cap cost above)
I asked to do sign-and-drive as we wanted little to nothing out-of-pocket. Dealer said all we had to put down was first month's payment.
Numbers were calculated using MF of 0.0001 and RV of 56%
Monthly payment came out to $675. Does this seem good or bad? Thanks!
Thanks. So is he first payment effectively rolled into the cost of the lease? Just trying to understand the difference if I'm being asked to pay it at signing (what they're telling me) vs. having the "dealer cover it."
Dealer was discounting the MSRP about 4.5%, which seemed about in line with what TrueCar and some other sources were showing as a price. Just trying to better understand the terms.
To elaborate a bit more, we were in the dealership over the weekend and we signed initial paperwork, one form being the sheet that shows MSRP, Cap Cost, Term, Monthly payment, etc. One signature on that. The second form was a credit check I believe. We have not yet taken delivery or signed anything with finance. The dealer charged my credit card the amount of the first month's payment.
Rough numbers, from what I recall, were as follows:
MDX AWD Tech in NJ
36mo, 12k miles
MSRP $50380
Cap Cost approx $48000
Dealer paying last 2 pmts of my existing lease ($840 total)
Dealer added remote start @ cost of $890 (i don't think it's reflected in the cap cost above)
I asked to do sign-and-drive as we wanted little to nothing out-of-pocket. Dealer said all we had to put down was first month's payment.
Numbers were calculated using MF of 0.0001 and RV of 56%
Monthly payment came out to $675. Does this seem good or bad? Thanks!
It is my understanding that as part of the "sign and drive" promotion from Acura the dealer "contributes" the first month's payment. That's why it's called "sign and drive" - all fees are added into the cap cost, dealer makes the first payment, and you drive off only owing 35 more. The MF is discounted as you are adding the fees to the cap cost.
Does your cap cost include the sales tax? NJ calculates the lease sales tax up front against the sum of the payments - this amount can be paid at signing (separate from sign and drive terms) or added into the cap cost and paid over the 35 remaining payments.
I get $557/mo before tax using your prices, the .00010 MF and 56% residual. Long way from $675/mo, even if I add whatever the tax amount is.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 AWD Tech
36mo/12k miles
56% RV, MF 0.0001
$50,380 MSRP
$48,657 Selling Price (supposedly includes taxes and all fees)
$625/mo total w/ tax (I think they're using 0.0002 as the MF though -- have questioned this)
Curious though, am I paying taxes twice if they're including the taxes in the selling price of the car AND it's being added to the monthly payment? Using the Edmunds calculator I'm getting a pre-tax payment of $575.58 (56% RV, MF 0.0001), and after tax of $615.87. Thoughts?
Should only pay tax once. On line calculators don't always accommodate for nj taxes.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
It rarely makes sense to end a lease early - did you get the payoff number from Acura directly, or are you relying on what the dealer is telling you?
Then, get an independent quote of the trade in value - if you have a CarMax handy, take it there for a quote.
That way, you'll know if you have positive or negative equity. Dealer may be low balling you on the trade value.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I got payoff directly. Dealer is paying lease off clean with no equity which seems fair based on appraisals I've gotten. So I'd start fresh with no added costs on the new lease. This will lower my payment by $150 per month with the same lease terms as I had. I have looked at other's posts and taken screenshots. I feel much better about my negotiations with the knowledg . I'll let you know what I end up doing.
Seems like a pretty fair deal, then, if you aren't rolling over any negative equity into the new lease.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease cash.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease cash on Tech only.
We don't track selling prices, so it's hard to say.
Check out the QX60 lease discussion, and see what others are paying.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
In any case, I'm looking in NC at an AWD Advanced MSRP $56,170. I have not started negotiations, I want to get all my ducks in a row first. Could you confirm the RV and also the MF (I've see some people recently talking about .0001 as well).
Is there lease cash available on the AWD Advanced? If so, that is just part of the financing package and should drop the cap cost once I've negotiated the price?
Thanks again
The .00010 MF is for a true 'sign and drive' lease - all fees are added into the cap cost and the dealer makes the first payment.
The $1000 lease cash is available for the Advanced trim. Yes, it can be used to lower the cap cost.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the Residual percentage, Money Factor and Lease Cash for:
36 Months / 15K
Massachusetts
Thank you
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MDX Base SH-AWD
MSRP: (Includes destination:$940) $45,955.00
Selling Price: $40,991.00
Term: 36 Months
Annual Mileage: 12,000 miles/year
Money Factor: .00020
Residual Value: 58%
$1,013.57 = Minimum Drive off (tax, title, fees, first month)
$407.45 plus sales tax
Additional Incentives: Includes $750 Flex Cash
Adjusted Cap Cost with $595 acquisition fee: $40836
Other Dealers and Roadster.com (which is a great service but only in Nor. Cal for now) said it was great deal and didn't even try to match!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MDX FW with Tech Package 36mon/12k
MSRP $48,380.00
Selling Price $44,320.00
Less Lease Cash $1,000.00
--------------------------------------------
Adjusted Selling Price $43,320.00
With $0 down and only minimum driveoff $1,079.94 total out of pocket (includes 1st months payment, tax and DMV fees)
35 months at 12,000 miles per year = $460.50 + tax ($499.64 including tax)
Residual Value $27,092.80
Flex Cash of $750.00 (this is applied towards your down payment)
Money Factor is .0002
Is this a good deal or which numbers can i negotiate with the dealer.
Thanks in advance.
However, I don't see the bank fee of $595 anywhere in the deal .. find out where it is?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP: $43,955
Sale price: $42,356.43
Money factor: .00020
15K
Residual value: $24,614.80
Annual planned miles: 15,000
Base monthly payment: $501.87
Sales tax: $47.68
Monthly payment: $549.55
20K
Residual value: $23,114.80
Annual planned miles: 20,000
Base monthly payment: $543.24
Sales tax: $51.61
Monthly payment: $594.85
Don't know how Acura adjusts the residual for extra miles, so can't comment on the 20K quote. That's 15,000 extra miles, and I only see a reduction in the residual of $1500, or 7.5 cents per mile. That seems incredibly cheap, given that most brands charge .15-.25 per mile for anything over 15,000.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2016 MDX SH/AWD w/Tech
MSRP $50,380
Adjusted Cap Cost $46,100
RV 56%
MF .00020
Term 36 months
Miles 12K per year
Monthly payment $511
Out of pocket at signing: $2,850, (includes first monthly of $511, acquisition fee of $595, up front tax of $1,588, state inspection, waste tire fee & admin fee of $97.50, tax on acquisition fee of $51.32, tax on dealer admin fee of $6.47.)
What do you think? Is this an OK deal.
Thanks in advance.
No extra charges - looks solid.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 MDX FWD Tech
MSRP: $48,380.00
Selling Price: $45,221.66
36/10
$0 cash down
Monthly Price (including tax): $575
RV: 57%
MF: 0.00020
Thanks for your help.
Find out the adjusted cap cost; if higher than the selling price, find out what's been added.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
(numbers are rounded)
Original MSRP: 49.7K
Selling Price/Cap: 45,500
Monthly: 518
After Tax: 567 (SF Bay Area, CA)
Miles: 15k
length: 36 months
MF: .00020
RV: 26.7K
Driveoff: first months payment (no bank fees etc, they covered that)
I just contacted the dealership (a day after) to see if I can adjust the contract to 20K miles and they said it would be 560/month (613 after taxes), but the residual would stay the same. Shouldn't the residual go lower?