Hello all, thank you for the help on leasing! Here is my quote from a dealership in Texas (charges Tax on total price of vehicle) MSRP: $41,915 Negotiated Price: $36,705 Residual: 65% (24 months = $30,655.62) (36mo. = $27,296.10) Money Factor: .00090 Cap Cost: $39,406 (TTL, + Fees )
Monthly payments:
$455.41 for 24mo. $415.03 for 36mo.
$0 down. First months payment on Lexus. No security deposits...I'm told that it does not effect the money factor, only the residual. Not sure on that.
Hello all, thank you for the help on leasing! Here is my quote from a dealership in Texas (charges Tax on total price of vehicle) MSRP: $41,915 Negotiated Price: $36,705 Residual: 65% (24 months = $30,655.62) (36mo. = $27,296.10) Money Factor: .00090 Cap Cost: $39,406 (TTL, + Fees )
Monthly payments:
$455.41 for 24mo. $415.03 for 36mo.
$0 down. First months payment on Lexus. No security deposits...I'm told that it does not effect the money factor, only the residual. Not sure on that.
Deal or no deal?
If I use the negotiated price, I get close to your quoted payments.
Security deposits absolutely affect the MF - the residual is set by the bank and cannot be modified in any way, shape or form.
Thanks for the insight! The response was: "Standard rates are open to do so. Standard rates are .00170. You are allowed 9 MSD, so you would still be coming out behind the special rate that Lexus IS offering."
Thanks for the insight! The response was: "Standard rates are open to do so. Standard rates are .00170. You are allowed 9 MSD, so you would still be coming out behind the special rate that Lexus IS offering."
Is this true? My BS meter is going off...
Check with a couple of other Lexus dealers ... I know that the above is a true statement for MB, but I was under the impression that any MF was open to adjustment by MSD for Lexus.
I'm trying to negotiate a lease deal in FL on a 2015 IS250F no nav. I am looking at a 27 months/12k miles. Do any of you have the RV and MF numbers for a Tier 1+ buyer? Thanks.
I'm trying to negotiate a lease deal in FL on a 2015 IS250F no nav. I am looking at a 27 months/12k miles. Do any of you have the RV and MF numbers for a Tier 1+ buyer? Thanks.
.00090 and 71% for 27/12. Complimentary first payment.
Just an update, I found a dealership that will indeed apply MSD's to lower the MF. As Michaell suggested, make sure you check in with all the dealerships in the area!
New 2015 Lexus IS 250 Crafted Line Term: 24 months Miles: 10/year MSRP: $44,960 Selling price: $39,742 Cap cost: $40,522 Residual Value: $33,270 Driveoff: $2k (covers DMV and cap reduction) Payment: $357/month (Includes tax. Based on Tier 1+ credit).
How does one negotiate additional mileage into a lease ($12,000 or $15,000)? How does that usually affect overall cost and monthly?
New 2015 Lexus IS 250 Crafted Line Term: 24 months Miles: 10/year MSRP: $44,960 Selling price: $39,742 Cap cost: $40,522 Residual Value: $33,270 Driveoff: $2k (covers DMV and cap reduction) Payment: $357/month (Includes tax. Based on Tier 1+ credit).
How does one negotiate additional mileage into a lease ($12,000 or $15,000)? How does that usually affect overall cost and monthly?
Well, it looks pretty good, since I'm getting just over $400/mo with 9% tax using your numbers.
If you want 12K or 15K miles per year, the residual percentage would go down (1% for 12K, 3% for 15K) and the payment would increase slightly.
Wondering if I'm getting a good deal or not...
New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit
I'm getting $464 with tax.
i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20
New 2015 Lexus IS250 - No Nav Term: 36months Miles: 12K/yr Selling price: 37,298.57 Cap Cost: 37,998.57 Residual Value: 24,803.57 Money Down: 0 Monthly Payment: $450.55 (including FL 6% tax) Accesseries included by dealer: 3M Scotch Guard $995 value Dealer is sending me check: $2,100 Tier 1 Credit
I'm getting $464 with tax.
i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20
The dealer is including the Scotch Guard for "free". It didn't change my payment.
Thank you! I declined the deal and they countered with the fully loaded FSport ($5,000 more MSRP) with red interior for $50 more per month and they would still send me $2100 cash.
New 2015 Lexus IS250 - No Nav Term: 36months Miles: 12K/yr Selling price: 37,298.57 Cap Cost: 37,998.57 Residual Value: 24,803.57 Money Down: 0 Monthly Payment: $450.55 (including FL 6% tax) Accesseries included by dealer: 3M Scotch Guard $995 value Dealer is sending me check: $2,100 Tier 1 Credit
I'm getting $464 with tax.
i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20
The dealer is including the Scotch Guard for "free". It didn't change my payment.
Thank you! I declined the deal and they countered with the fully loaded FSport ($5,000 more MSRP) with red interior for $50 more per month and they would still send me $2100 cash.
When you guys get a chance could you post April's numbers, pretty sure 36/10 residual is 64% but unsure of MF. Is Lexus still covering the first month payment? Thanks!
When you guys get a chance could you post April's numbers, pretty sure 36/10 residual is 64% but unsure of MF. Is Lexus still covering the first month payment? Thanks!
i think i may have jumped the gun too soon and not done enough homework regarding leasing.
Not sure how I did with this lease... 2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
i think i may have jumped the gun too soon and not done enough homework regarding leasing.
Not sure how I did with this lease... 2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
Yes the MF was marked up on you for a bit of extra profit for the dealer.
If if you've taken delivery I don't believe there is much you can do.
We will still be here in three years; check in with us before you make your next deal.
In the meantime, enjoy driving your Lexus every single day.
i think i may have jumped the gun too soon and not done enough homework regarding leasing.
Not sure how I did with this lease... 2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
Yes the MF was marked up on you for a bit of extra profit for the dealer.
If if you've taken delivery I don't believe there is much you can do.
We will still be here in three years; check in with us before you make your next deal.
In the meantime, enjoy driving your Lexus every single day.
Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases.
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
i think i may have jumped the gun too soon and not done enough homework regarding leasing.
Not sure how I did with this lease... 2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
Yes the MF was marked up on you for a bit of extra profit for the dealer.
If if you've taken delivery I don't believe there is much you can do.
We will still be here in three years; check in with us before you make your next deal.
In the meantime, enjoy driving your Lexus every single day.
Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases.
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
thanks!
It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.
At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.
i think i may have jumped the gun too soon and not done enough homework regarding leasing.
Not sure how I did with this lease... 2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
Yes the MF was marked up on you for a bit of extra profit for the dealer.
If if you've taken delivery I don't believe there is much you can do.
We will still be here in three years; check in with us before you make your next deal.
In the meantime, enjoy driving your Lexus every single day.
Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases.
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
thanks!
It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.
At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.
Thanks for the insight. Let's assume the miles are kept low and the car is in excellent condition. I mean excellent...
How accurate are the residual values that Lexus proposes? I guess this isn't what I am understanding...maybe I'm thinking worst case scenario...
Residual value: $29246
If the dealer buys the car back, does the dealer sell it at $29246, and someone negotiates it to have it less than that? Or does dealer buy it, mark it for more than 29246, but hopes to sell it closer to the 29246 mark?
i think i may have jumped the gun too soon and not done enough homework regarding leasing.
Not sure how I did with this lease... 2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
Yes the MF was marked up on you for a bit of extra profit for the dealer.
If if you've taken delivery I don't believe there is much you can do.
We will still be here in three years; check in with us before you make your next deal.
In the meantime, enjoy driving your Lexus every single day.
Thanks for the reply. With a residual value of $29,246, is it advisable to not purchase the car at lease end? Wife loves the car. That seems high for the car, but I am just understanding leases.
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
thanks!
It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.
At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.
Thanks for the insight. Let's assume the miles are kept low and the car is in excellent condition. I mean excellent...
How accurate are the residual values that Lexus proposes? I guess this isn't what I am understanding...maybe I'm thinking worst case scenario...
Residual value: $29246
If the dealer buys the car back, does the dealer sell it at $29246, and someone negotiates it to have it less than that? Or does dealer buy it, mark it for more than 29246, but hopes to sell it closer to the 29246 mark?
How accurate are the residuals? It depends .. some banks may inflate the residual to make the lease payments more attractive. Which means your car will be worth less than that amount at the end of the lease. If so, walk away and buy a CPO car for a price closer to the actual value. Banks have insurance to protect them against the difference between the true price and the residual price.
And, the dealer has to buy the car from the bank, not from you. A bit of a mystery if there is any discounting that goes on between the two entities - we'll never know.
I'm back! Decided to return the the base model IS250 I purchased in March. Now I'm looking at the IS250 F Sport. Please let me know if this is a good deal...
The car has the ventilated seats, blind spot monitor, nav, red interior.
Here are the numbers: Term: 35months Miles: 10K/yr MF: .00092 Selling price: 43,381.84 Cap Cost: 42,667.13 Residual Value: 28,057.25 Money Down: 0 Monthly Payment: $500.00 (including FL 6% tax) Dealer incentives: $2100 cash back and 3M Guard ($995 value) Tier 1 Credit
I'm back! Decided to return the the base model IS250 I purchased in March. Now I'm looking at the IS250 F Sport. Please let me know if this is a good deal...
The car has the ventilated seats, blind spot monitor, nav, red interior.
Here are the numbers: Term: 35months Miles: 10K/yr MF: .00092 Selling price: 43,381.84 Cap Cost: 42,667.13 Residual Value: 28,057.25 Money Down: 0 Monthly Payment: $500.00 (including FL 6% tax) Dealer incentives: $2100 cash back and 3M Guard ($995 value) Tier 1 Credit
Thoughts?
I show $495/mo with tax, so pretty close to your quote.
I got this deal today, what are people's thoughts?
All prices are including tax (CT):
MSRP: 41225 Selling Price: 36674 (I think, maybe this went down after negotiating lease payments down) Down: 2000 (This includes first payment, taxes, title, registration etc - i.e. total money out of pocket) 24 months /10k per year 310 per month
It seems like a good deal. If I changed it to 12k miles per year, how much extra should that be ?
I got this deal today, what are people's thoughts?
All prices are including tax (CT):
MSRP: 41225 Selling Price: 36674 (I think, maybe this went down after negotiating lease payments down) Down: 2000 (This includes first payment, taxes, title, registration etc - i.e. total money out of pocket) 24 months /10k per year 310 per month
It seems like a good deal. If I changed it to 12k miles per year, how much extra should that be ?
With your numbers, along with the 24/10 residual of 73% and base MF of .00090, I get a pre-tax payment of $334.25; you have a good deal by comparison.
Any of the $2000 up front going to cap cost reduction?
So I believe that the 2000 initial payment is 310 first month, around 1300 in all fees, registration etc, so I guess around 400 going to cap cost reduction.
24mo/15k lease rates available? And MF? so if im putting 9 x MSDs on aprils MF .00080
does that mean i can get 0.00002?
I leased my 2015 is250 F sport wht/red fullyloaded minus ML and lane assist 15k/24mo back in dec with $0 drive off but with $1000 new grad incentive and 9MSDs for $356 (9% tax included)
im trying to get out of this lease to either go with is350 or RC350 Is250 is way too slow
24mo/15k lease rates available? And MF? so if im putting 9 x MSDs on aprils MF .00080
does that mean i can get 0.00002?
I leased my 2015 is250 F sport wht/red fullyloaded minus ML and lane assist 15k/24mo back in dec with $0 drive off but with $1000 new grad incentive and 9MSDs for $356 (9% tax included)
im trying to get out of this lease to either go with is350 or RC350 Is250 is way too slow
24/15 for IS250 is 70% and .00090. $500 lease cash.
Hello I was quoted for 2015 IS250 FSport "no navigation" (by request) i dont want or need it. MsRp $42,419.00, selling price around $38,900.00 (dont have exact number) 36 months 12k mi per year, residual 65% don't know money factor. Zero down $436.53 mth. Includes taxes. Any feedback would help
Hello I was quoted for 2015 IS250 FSport "no navigation" (by request) i dont want or need it. MsRp $42,419.00, selling price around $38,900.00 (dont have exact number) 36 months 12k mi per year, residual 65% don't know money factor. Zero down $436.53 mth. Includes taxes. Any feedback would help
36/12 numbers are .00090 and 64%. With your MSRP and selling price I get a pre-tax payment of $385.88.
Comments
MSRP: $41,915
Negotiated Price: $36,705
Residual: 65% (24 months = $30,655.62) (36mo. = $27,296.10)
Money Factor: .00090
Cap Cost: $39,406 (TTL, + Fees )
Monthly payments:
$455.41 for 24mo.
$415.03 for 36mo.
$0 down. First months payment on Lexus.
No security deposits...I'm told that it does not effect the money factor, only the residual. Not sure on that.
Deal or no deal?
Security deposits absolutely affect the MF - the residual is set by the bank and cannot be modified in any way, shape or form.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is this true? My BS meter is going off...
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm trying to negotiate a lease deal in FL on a 2015 IS250F no nav. I am looking at a 27 months/12k miles. Do any of you have the RV and MF numbers for a Tier 1+ buyer? Thanks.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
New 2015 Lexus IS 250 Crafted Line
Term: 24 months
Miles: 10/year
MSRP: $44,960
Selling price: $39,742
Cap cost: $40,522
Residual Value: $33,270
Driveoff: $2k (covers DMV and cap reduction)
Payment: $357/month (Includes tax. Based on Tier 1+ credit).
How does one negotiate additional mileage into a lease ($12,000 or $15,000)? How does that usually affect overall cost and monthly?
If you want 12K or 15K miles per year, the residual percentage would go down (1% for 12K, 3% for 15K) and the payment would increase slightly.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
New 2015 Lexus IS250 - No Nav
Term: 36months
Miles: 12K/yr
Selling price: 37,298.57
Cap Cost: 37,998.57
Residual Value: 24,803.57
Money Down: 0
Monthly Payment: $450.55 (including FL 6% tax)
Accesseries included by dealer: 3M Scotch Guard $995 value
Dealer is sending me check: $2,100
Tier 1 Credit
i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20
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i don't like the $995 charge for the scotch guard - you can do the same yourself for probably under $20
The dealer is including the Scotch Guard for "free". It didn't change my payment.
OK, seems to be a good deal, given that my calculations are higher than the dealers.
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The dealer is including the Scotch Guard for "free". It didn't change my payment.
Thank you! I declined the deal and they countered with the fully loaded FSport ($5,000 more MSRP) with red interior for $50 more per month and they would still send me $2100 cash.
Sounds good .. care to share the numbers with us?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am looking for April 2015 MF and Residual on a 2015 Lexus IS250 with Premium Package & Backup Camera only. 12K & 15K @ 36mos. I live in GA. Thanks!
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When you guys get a chance could you post April's numbers, pretty sure 36/10 residual is 64% but unsure of MF. Is Lexus still covering the first month payment? Thanks!
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Complimentary 1st payments are gone.
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Not sure how I did with this lease...
2015 IS 250 F sport, ultra white and Rioja red. Nav, spoiler, door sills..36 months, 10k/year, $4k down (I know NOW to not have done this), selling price $41.1k, monthly payment of $366 inc taxes. So cal dealer, I have a fico score of 792, and my MF (learned about it now) is .0012. Isn't this high for me? I signed the lease during their command performance event, and if it is unusually high, can anything be done about it now, post signing paperwork? I wish I had known what I do now, then.
If if you've taken delivery I don't believe there is much you can do.
We will still be here in three years; check in with us before you make your next deal.
In the meantime, enjoy driving your Lexus every single day.
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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
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
thanks!
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
thanks!
It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.
At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.
Edmunds Price Checker
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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
Negotiated price before tax is $41.1k, with down payment and total of 35 payments i would have paid $16,828.xx at the end of the lease. If I purchase the car at lease end, am I assuming the car will cost $46,075 total, which is more than $41.1k plus TTL in so cal, if I purchased right?
should I ask to purchase the car at this point if we have the intent on keeping it or do the numbers end up being the same at the end of a lease vs. Initial purchase?
thanks!
It usually doesn't make sense to convert a lease to a purchase before the end of the lease, but it never hurts to ask the dealer to run the numbers.
At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.
Thanks for the insight. Let's assume the miles are kept low and the car is in excellent condition. I mean excellent...
How accurate are the residual values that Lexus proposes? I guess this isn't what I am understanding...maybe I'm thinking worst case scenario...
Residual value: $29246
If the dealer buys the car back, does the dealer sell it at $29246, and someone negotiates it to have it less than that? Or does dealer buy it, mark it for more than 29246, but hopes to sell it closer to the 29246 mark?
At lease end? It all depends on the condition and the value of the car. If you keep the miles down and the condition better than good, it might be worth more than the buyout value. Might. But, you won't know that until 3 years from now.
Thanks for the insight. Let's assume the miles are kept low and the car is in excellent condition. I mean excellent...
How accurate are the residual values that Lexus proposes? I guess this isn't what I am understanding...maybe I'm thinking worst case scenario...
Residual value: $29246
If the dealer buys the car back, does the dealer sell it at $29246, and someone negotiates it to have it less than that? Or does dealer buy it, mark it for more than 29246, but hopes to sell it closer to the 29246 mark?
How accurate are the residuals? It depends .. some banks may inflate the residual to make the lease payments more attractive. Which means your car will be worth less than that amount at the end of the lease. If so, walk away and buy a CPO car for a price closer to the actual value. Banks have insurance to protect them against the difference between the true price and the residual price.
And, the dealer has to buy the car from the bank, not from you. A bit of a mystery if there is any discounting that goes on between the two entities - we'll never know.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The car has the ventilated seats, blind spot monitor, nav, red interior.
Here are the numbers:
Term: 35months
Miles: 10K/yr
MF: .00092
Selling price: 43,381.84
Cap Cost: 42,667.13
Residual Value: 28,057.25
Money Down: 0
Monthly Payment: $500.00 (including FL 6% tax)
Dealer incentives: $2100 cash back and 3M Guard ($995 value)
Tier 1 Credit
Thoughts?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I got this deal today, what are people's thoughts?
All prices are including tax (CT):
MSRP: 41225
Selling Price: 36674 (I think, maybe this went down after negotiating lease payments down)
Down: 2000 (This includes first payment, taxes, title, registration etc - i.e. total money out of pocket)
24 months /10k per year
310 per month
It seems like a good deal. If I changed it to 12k miles per year, how much extra should that be ?
Any of the $2000 up front going to cap cost reduction?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
so if im putting 9 x MSDs on aprils MF .00080
does that mean i can get 0.00002?
I leased my 2015 is250 F sport wht/red fullyloaded minus ML and lane assist 15k/24mo
back in dec with $0 drive off but with $1000 new grad incentive and 9MSDs for $356 (9% tax included)
im trying to get out of this lease to either go with is350 or RC350 Is250 is way too slow
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I've been meaning to jump on this to get feedback on my deal from a few weeks ago.
I leased a 2015 IS 250 AWD with luxury and navigation packages
MSRP 46757
Sell price 41000
Down 0
No trade in
36 months, 12K per year
368 per month including MA sales tax.
How'd I do
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for MF and RV for 27/7500 & 27/10k
Thanks in advance
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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
And may I know the MF? Tier 1. And if that stay the same for either 24 month or 36 month?
And how is the 500 lease cash work? Does it apply after we negotiate or to the msrp?
New to lease car. Thanks for the info.
24/12 residual is 72%; 36/12 is 64%
Lease cash can be used to reduce the selling price you've negotiated, or to cover the up front costs of the lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What state and tax rate?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Dealer may be marking up the MF.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige